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Tue, May 24, 2022 | 18:30

SM6 popularity races with Renault's Formula 1 track record

The benefits of Formula 1 racing were thought to be exclusive to Europeans, whose vehicles have been developing along with the motorsports championship since 1950. However, Koreans can now enjoy the same benefits as Europeans with Renault Korea Motors' SM6. The carmaker's new SM6 TCe 300 sedan is equipped with the same engine that is used in the Alpine and Renault R.S. models.

2022-05-24 17:00

Leading Korean firms declare 'new entrepreneurial spirit'

A consultative body representing 76 local firms has been launched to enrich and advance discussions on the entrepreneurial spirit, the Korea Chamber of Commerce and Industry (KCCI) said Tuesday. The entity, Entrepreneurship Round Table, is joined by manufacturing powerhouses such as Samsung Electronics, Hyundai Motor and LG as well as tech startups including Woowa Brothers an...

Lee Kyung-min | 2022-05-24 16:56

Samsung, Hyundai Motor become Korea's strategic assets after Yoon-Biden summit

Samsung, Hyundai Motor become Korea's strategic assets after Yoon-Biden summit

Samsung Electronics and Hyundai Motor have rebranded themselves as Korea's strategic assets as a consequence of the nation's growing economic ties with the United States after U.S. President Joe Biden's recent visit to Seoul, business groups and market watchers said Tuesday.

Lee Kyung-min | 2022-05-24 16:41

Leading Korean firms declare 'new entrepreneurial spirit'

Yoon urges transition to hydrogen economy at World Gas Conference

DAEGU - President Yoon Suk-yeol emphasized Tuesday that Korea needs the “right mix” of nuclear power, renewable energy sources and natural gas to fulfill its responsibility and role for the international community's efforts to achieve carbon neutrality. He made the remarks at the 28th World Gas Conference held in the southeastern city of Daegu.

Park Jae-hyuk | 2022-05-24 15:50

Samsung to invest 450 tril. won in chip, bio industries for next 5 years

Samsung Electronics said Tuesday it will invest 450 trillion won ($355 billion) in semiconductors and bio sciences over the next five years, as South Korea's largest company seeks to further expand its business in future growth areas.

2022-05-24 15:23

Hyundai to invest 63 trillion won in domestic businesses by 2025

Hyundai to invest 63 trillion won in domestic businesses by 2025

Hyundai Motor Group said Tuesday it will invest 63 trillion won ($49.8 billion) in its domestic businesses by 2025 in the latest move to become a future mobility systems and solutions provider.

2022-05-24 15:22

Samsung to invest 450 tril. won in chip, bio industries for next 5 years

Can KEPCO reverse worsening financial soundness?

Korea Electric Power Corp. (KEPCO) should adopt a policy that allows volatile global oil and coal prices to be reflected in billed utility rates without government intervention, according to economists and company officials Monday. The renewed recommendation is buttressed by the state-run energy firm's staggering operating loss of nearly 8 trillion won ($6.3 billion) in the f...

Lee Kyung-min | 2022-05-23 16:48

Korean Air sure of approvals from US, China for Asiana takeover

Korean Air issued a statement Monday to deny speculations that it is facing setbacks in receiving approvals from overseas antitrust regulators for its acquisition of its domestic rival, Asiana Airlines. “Korean Air has made every effort to get approval for the merger in other countries,” the largest air carrier in Korea said. “Each country's review is underway without any set...

Park Jae-hyuk | 2022-05-23 16:40

POSCO to transform itself into eco-friendly steelmaker

POSCO plans to spearhead discussions on transforming coal-based steelmaking into a green, sustainable project, the Korean steel giant said Monday.

Lee Kyung-min | 2022-05-23 16:34

New Arteon suitable as family car, second car

Volkswagen's Arteon flagship sedan is enjoying steady popularity among owners in their 30s and 40s. The new Arteon has a sporty fastback design that provides great flexibility - not only for commuting, but also as a family sedan with a high fuel efficiency, a spacious interior, plenty of trunk space and a comfortable driving experience.

2022-05-23 15:59

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