South Korean carmaker Hyundai Motor is set to return to Japan’s passenger car market within the first half of the year, according to industry sources and reports Tuesday.　 Hyundai’s reentry to Japan comes 13 years after its withdrawal from the market dominated by domestic carmakers. With its enhanced eco-friendly technology, Hyundai believes that it has achieved a competitive edge to tap into the neighboring country. The carmaker will return with its electronic car lineup, includ

Domestic carmakers that lack green car models such as Renault Samsung, SsangYong and GM Korea are expected to face heavier pressure from the government to increase supply of more sustainable cars this year. According to the Ministry of Environment on Tuesday, it will impose fines on automakers that have not been able to fulfill a certain percentage of car sales with more environmentally friendly cars, including electric and hydrogen vehicles, this year. Carmakers that have sold an annual avera

Hyosung said Wednesday it will invest 1 trillion won ($834.5 million) to invest in green hydrogen in South Jeolla Province. According to the South Korean conglomerate, the investments will produce 200,000 metric tons of green hydrogen per year in the region, which will create 300,000 jobs. To accomplish the goal, Hyosung will this year break ground on a 10-megawatt facility that splits water into oxygen and hydrogen. Once completed, it will be the biggest one in Korea, according to the comp

Sohn suggests lockup period on execs selling shares following IPOs

The Korean Theater Association on Tuesday released a statement to urge the government to give assistance to local theaters that have been suffering since COVID-19 broke out two years ago. The Korean Theater Association’s members include the top three local multiplex operators -- CGV, Lotte Cinema and Megabox. “We have been complaining about the financial difficulties caused by the pandemic and asked for support for the survival of our film industry, but we have not received any c

Why they aspire to become a K-pop idol in the US and how they get trained

The museum will not require vaccine certification after the government eased rules for museums

SK Group said Tuesday it will establish a giant research and development center dedicated to green technologies. According to the third-largest South Korean conglomerate, the R&D facility, tentatively named “SK Green Techno Campus,” will break ground in 2025 in Bucheon, adjacent to Seoul in Gyeonggi Province, and reach completion in 2027. The facility, on a 198,000-square-meter site, will house some 3,000 R&D personnel from the group’s seven affiliates -- SK Energy, S

SEJONG -- South Korea’s chief economic policymaker on Tuesday has confirmed the government’s intention to come up with measures to win developed market status from Morgan Stanley Capital International. The government has pushed for continuous attempts to campaign for Korea’s capital market -- such as stock and foreign exchange markets -- to be included in MSCI’s Developed Markets Indexes. Deputy Prime Minister and Finance Minister Hong Nam-ki commented on investors&rsquo

Korean TV broadcasters are set to launch female-led sports shows in the coming weeks, hoping to attract viewers that have grown tired of stories and formats featuring male athletes and TV personalities who have long dominated entertainment programs in the genre. Terrestrial broadcaster MBC is scheduled to premiere the pilot program “Curling Queens” during the upcoming Lunar New Year holiday, or also known as Seollal. The show will present celebrities from four different fields --

Central Seoul’s iconic Gwanghwamun Square will reopen to the public in July after undergoing a complete makeover, the Seoul Metropolitan Government said on Thursday. The symbolic square, which has been under construction since November 2020, will return doubled in size to include a park, adding more green space to the area, the city said. According to the city government, the total size of the square has increased from 18,840 square meters to 40,300 square meters. After turning some o

South Korea‘s daily coronavirus cases hit an all-time high of 8,571 as of midnight Monday, with the quickly spreading omicron variant now dominant, the Korea Disease Control and Prevention Agency said Tuesday. It is the first time the daily figure has topped 8,000 cases dating back to when the country reported the first COVID-19 infection in January 2020. The previous all-time high was 7,848 on Dec. 15, 2021. Despite the sudden increase in daily cases, the number of critically ill CO

Civic group’s debate about opposition parties’ unification creates buzz