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  • Companies

    Carmakers intensify rivalry in SDVs

    Global automakers are shifting the competitive battleground in Korea from traditional hardware to software-defined vehicles (SDVs), as cutting-edge operating systems and in-vehicle artificial intelligence (AI) functions emerge as key differentiators in an era of connected cars. The trend is visible, as a wave of new models launched this year are positioning advanced software capabilities as their definitive selling points. They include Hyundai Motor’s Grandeur, BMW Korea’s iX3, Toyota Motor Korea’s RAV4 and Zeekr’s 7X. Toyota is the latest carmaker to join the SDV competition. Last week, the Japanese carmaker launched its six-generation RAV4 flagship SUV built on its foundational SDV platform, Arene. Of particular note is that Toyota collaborated with LG Uplus to integrate tailored connected-car services to adapt the vehicle for the tech-savvy Korean market. The telecom operator also identifies the automotive infotainment as its next key growth driver. European and Chinese competitors are also raising the stakes with high-performance computing hardware. BMW Korea’s recently laun

    2 MIN READBy Lee Min-hyung
    Carmakers intensify rivalry in SDVs
  • Companies

    LG’s top execs to visit Nvidia headquarters for ties in AI, robotics

    1 MIN READBy Lee Min-hyung
    LG’s top execs to visit Nvidia headquarters for ties in AI, robotics
  • Tech & Science

    Korean battery makers accelerate push into US ESS market

    2 MIN READBy Lee Gyu-lee
    Korean battery makers accelerate push into US ESS market
  • Banking & Finance

    Woori Financial steps up productive finance with $6.5 bil. boost

    2 MIN READBy Lee Hyo-jin
    Woori Financial steps up productive finance with $6.5 bil. boost
  • Companies

    Coway targets smaller households with compact food waste processor

    2 MIN READBy Lee Gyu-lee
    Coway targets smaller households with compact food waste processor
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Companies

Korean, Japanese biz chambers agree to strengthen energy, supply chain ties

The Korea Chamber of Commerce and Industry (KCCI), a major Korean business lobby, on Monday held a meeting with its Japanese counterpart and agreed to strengthen ties in areas of energy, supply chains and advanced technologies.

Nov 25, 2024By Yonhap
Korean, Japanese biz chambers agree to strengthen energy, supply chain ties
Banking & Finance

Yoon's policy team under fire for grim economic outlook

President Yoon Suk Yeol's economic policy team is facing growing criticism as Korea's bleak economic outlook persists, now that Yoon has reached the halfway point of his single, five-year term.

Nov 25, 2024By Yi Whan-woo
Yoon's policy team under fire for grim economic outlook
Companies

Hyundai Motor, Kia, POSCO in dire need of gov't assistance amid Chinese competition

Hyundai Motor, Kia and POSCO are in urgent need of government assistance to thwart escalating pressure from their Chinese counterparts, as more price-competitive electric vehicles (EV) and steel products from Asia’s largest economy will make aggressive inroads into Korea in the era of U.S. President-elect Donald Trump, experts said Monday.

Nov 25, 2024By Lee Min-hyung
Hyundai Motor, Kia, POSCO in dire need of gov't assistance amid Chinese competition
Companies

Fortune names Samsung chairman one of 100 Most Powerful People in Business

Samsung Electronics Executive Chairman Lee Jae-yong made Fortune's list of the 100 Most Powerful People in Business, becoming the only Korean entrepreneur included.

Nov 25, 2024By Nam Hyun-woo
Fortune names Samsung chairman one of 100 Most Powerful People in Business
Companies

Concerns grow over Hyosung selling struggling gas unit

Chemical giant Hyosung is facing increasing concerns over the group’s bid to sell its industrial specialty gas unit, as the stock price of a Hyosung affiliate anticipated to take over the unit is faltering upon investors’ apparent oppositions.

Nov 25, 2024By Nam Hyun-woo
Concerns grow over Hyosung selling struggling gas unit
Banking & Finance

Leadership changes loom at Woori, NongHyup banks amid scandals

With the terms of major bank CEOs set to expire at the end of this year, all eyes are on what lies ahead for them.

Nov 25, 2024By Jun Ji-hye
Leadership changes loom at Woori, NongHyup banks amid scandals
Companies

HD Hyundai Heavy drops lawsuit against Hanwha Ocean employees, citing need for cooperation

HD Hyundai Heavy Industries said Monday it has decided to withdraw a defamation lawsuit against employees of shipbuilding rival HD Hanwha Ocean, citing what it called the need for cooperation among domestic shipyards.

Nov 25, 2024By Yonhap
HD Hyundai Heavy drops lawsuit against Hanwha Ocean employees, citing need for cooperation
Companies

POSCO International begins trial run of Australian gas processing facility

POSCO International celebrated the completed construction of the first gas processing facility at Senex Energy’s Atlas natural gas field in the Australian state of Queensland, Sunday, commencing the trial run of the facility.

Nov 25, 2024By Park Jae-hyuk
POSCO International begins trial run of Australian gas processing facility
  • POSCO International boosts investment in Australian gas subsidiary
Companies

Kumho Tire partners with Atlanta Hawks

Cho Nam-hwa, right, head of Kumho Tire's North America sales division, poses with Atlanta Hawks Chief Commercial Officer Andrew Saltzman during a partnership signing ceremony in this handout photo released, Monday. According to Kumho Tire, its multi-year partnership with the National Basketball Association team, which started this season, includes on-site activations, in-arena and TV-visible signage, radio broadcast features, social media collaborations and community engagement initiatives. Courtesy of Kumho Tire

Nov 25, 2024By Nam Hyun-woo
Kumho Tire partners with Atlanta Hawks
Companies

LG Chem solves problems facing clients

LG Chem has continuously helped its clients overcome various difficulties amid the recent economic downturn through a dedicated organization for “customer pain point management,” which proactively finds and improves inconveniences that customers may not be aware of.

Nov 25, 2024
LG Chem solves problems facing clients
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