Hyundai Motor Group on Wednesday unveiled DAL-e Delivery, the auto giant's upgraded indoor delivery robot for use in buildings. According to the auto conglomerate, the robot, which is based on four plug-and-drive modules, can move at a speed of up to 4.32 kilometers per hour -- equivalent to the average walking pace of an adult. The robot can also load up to 10 kilograms. The robots will be dispatched to the Factorial Seongsu office building in western Seoul in the second quarter of this ye

Hyundai Motor Group has become the largest shareholder of a leading mobile carrier, KT Corp., the communications service provider said Tuesday in a regulatory filing. Hyundai's status as the largest shareholder, however, requires approval from the science ministry. The change came as the National Pension Service, previously the largest shareholder of KT, sold some 2.88 million shares on the day, lowering its stake in the mobile service provider to 7.51 percent from 8.53 percent, according t

South Korean Conglomerate Hanwha Group on Tuesday reaffirmed its willingness to continue pushing for a takeover of Australian shipbuilder Austal despite the latter’s earlier announcement to reject the former’s offer due to low chances of obtaining regulatory approvals. According to media reports and industry sources, the value of the acquisition offer has been estimated between 895 million and 1.02 billion Australian dollars ($581 million and $663 million). Noting Austal’s posi

Cryptocurrency exchange operator Crypto.com said Tuesday it would launch its exchange app service in Korea this month while expressing its hope for winning the regulatory nod for Korean won-based transactions soon, the company announced Tuesday. The firm said it will launch an exchange app for Korean users on April 29, enabling coin-to-coin transactions through the license earned by local exchange OK-Bit. Through the launch, Crypto.com will become the first regulated foreign player to operate a

LG batteries to power GM's latest EVs, including Cadillac Lyriq

As governments around the world fiercely compete to boost their semiconductor industries by distributing large subsidies, South Korea is pointed out as falling behind other chip powerhouses, raising concerns about the gap widening in the future. On Tuesday, the Japanese Ministry of Economy, Trade and Industry approved subsidies of up to 590 billion yen ($3.9 billion) for chip foundry venture Rapidus, adding to its promise earlier to provide funds worth some 330 billion yen into the chip project.

LG Group’s symbolic LG Twin Towers, a landmark in Yeouido, where its major affiliates including LG Electronics are headquartered, has been transformed into modern office spaces incorporated with nature-inspired elements to create a harmonious work and life integration. When The Korea Herald reporter visited the LG Twin Towers on Monday morning, the first day of the building's completed renovation, employees seemed to have beaten the Monday blues and were filled with excitement and lau

South Korean cosmetics giant Amorepacific said Tuesday that its premium skincare brand Sulwhasoo has released its 2023 Sustainability Report, detailing the brand's sustainability initiatives and achievements. Sulwhasoo published the first standalone sustainability report by a brand under Amorepacific. The report comprises three chapters: ginseng, the environment and culture. The first chapter explores Sulwhasoo's journey with ginseng, transitioning from its use in food to beauty produc

Chinese e-commerce platform Temu has recently established an entity for its operation in Korea, amidst Chinese platforms' broader entry into the Korean market. According to information obtained from open legal proceeding records, Pinduoduo, the parent company of Temu, formally registered a corporation named "Whale Co., Korea Limited" on Feb. 23. The purpose of corporation establishment is to engage in e-commerce and related activities. Notably, WhaleCo Inc. operates as a subsidiar

Hyundai Group celebrated the 20th anniversary of its Vision Forum on Tuesday, coinciding with a special session dedicated to the 40th anniversary of Hyundai Elevator, the group announced the same day. The session featured a comprehensive 70-minute webinar by Seoul National University professor Kim Jang-woo on the evolution of high-performance system semiconductors, drawing significant participation from employees. Launched in 2005 by Hyundai Group Chair Hyun Jeong-eun, the Vision Forum was estab

Seoul is soon to be the third city hosting a Rolls-Royce Motor Cars Private Office, an exclusive design studio where clients can work closely with bespoke managers and designers to create their own custom Rolls-Royce. “The Seoul Office covers clientele from the whole Asia-Pacific, not just Korea, like the Dubai Office is for the Middle East and the Shanghai Office for China. Believe me, our team looked at 60 places across Asia for a whole year to find the perfect spot. And we’ve dete

South Korean liquor giant HiteJinro said Tuesday that its beer brand Kelly had exceeded 360 million bottles in sales as of March 26, a significant milestone within one year of its launch in April 2023. This achievement is equivalent to selling 11.5 bottles every second, the company said. Kelly's performance has propelled HiteJinro's sales growth. Last year, the liquor manufacturer posted 823.3 billion won ($607.6 million) in beer sales, marking a 5 percent increase from the previous ye

At the 2023-2024 JungKwanJang Korean Basketball League Awards, Busan KCC's Heo Ung won the Pocari Sweat Popularity Award for the fifth consecutive time, Dong-A Otsuka said Tuesday. The league awards ceremony took place Monday at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul. Introduced in the 2011-2012 season, the popularity award is decided entirely by fan votes to determine the season's most popular player. All Korean Basketball League players are eligible, wi

HD Hyundai, Hanwha seek to take advantage of protectionist laws -- Jones Act and Byrnes-Tollefson Amendments

Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The World Car Awards is an annual event organized by automotive journalists globally to honor excellence in the car industry across multiple categories. This accolade marks the third consecutive victory for Hyundai Motor Group in the World Car of the Year and World Electric Vehicle of the Year categories, be