Hyundai Motor Group will operate 10 electric vehicles wrapped in designs promoting Busan's bid to host the 2030 World Expo in Paris Oct. 9-15, the Korean automaker said Friday. The automaker will provide the Ioniq 5 and EV6 -- two award-winning EVs by Hyundai Motor Company and Kia, respectively -- to the Korean delegation, which will carry out various related activities such as a symposium and K-pop concert in the French capital next week. (Hyundai Motor Group)

German automaker to install additional 1,000 chargers to boost Korea's EV charging infrastructure

3 bioplants with capacity of 360,000 liters set to become fully operational by 2034

Unity, the industry-standard 3D development platform company, hosted the Unity APAC Industry Summit 2023 in Seoul on Thursday, showcasing advancements and real-world applications in the development of extended reality, or XR, an umbrella term encompassing augmented, mixed and virtual reality technologies. Rory Armes, vice president of solutions development, emphasized during the opening session that the inaugural APAC summit underscores the growing significance of the region in the digital twin

Concerns are growing that soaring raw material costs could have a knock-on effect on the prices of daily necessities, following price hikes initiated by some of the largest liquor and dairy firms in South Korea. Korean brewery giant Oriental Brewery announced that starting Wednesday, it will raise the factory price of its beer products such as Cass and Hanmac, by an average of 6.9 percent. "The price adjustments came as the costs of raw materials for (alcoholic beverages), which rely largel

Korean battery maker to invest W4tr in US plant to expand, speed up EV production for world's largest carmaker

BMW’s new 5 Series premium sedan made its debut in Korea on Thursday. The eighth-generation full-change model was introduced after six years, boasting a range of sporty upgrades, a cutting-edge infotainment system and other convenient features. The new lineup includes the carmaker's very first battery-powered electric vehicle, the New i5. The high-end i5 M60 xDrive 361 has a driving range of 361 kilometers on a single charge. (BMW Korea)

Apple’s has been hit by criticism in Korea once again over the price of its latest flagship smartphone series, while the US tech giant is set to take preorders starting Friday, a week ahead of the official release here. A significant decline in the exchange rate has resulted in an actual increase in the shipment price of Apple’s new smartphones despite its public decision to freeze prices, according to Rep. Park Chan-dae of the country’s main opposition Democratic Party of Kore

SK C&C, the IT solutions unit of SK Group, announced Thursday it has newly invested in San Francisco-based industrial software startup Glassdome, as part of its efforts to expand its net-zero business and bolster ties with related tech firms. The number of shares it acquired was not disclosed due to deal conditions. The investment is an extension of SK’s extensive partnerships with global tech startups, with the aim of launching IT services and taking a step forward to digital transfor

Hyundai Motor Group's luxury brand, Genesis, is sponsoring the 28th Busan International Film Festival, which runs Oct. 4-13, the automaker said Thursday. Genesis is providing 110 vehicles for participating actors, directors and other film industry officials to use during the festival. It will also showcase its vehicles, including the GV80 Coupe, which was first unveiled last month, at the venue. The automaker has sponsored BIFF every year since 2017. (Hyundai Motor Group)

Hyundai Glovis, a logistics affiliate under Hyundai Motor Group, unveiled Thursday its “Net Zero Special Report,” a road map aimed at achieving carbon neutrality by 2045. By setting the target year for 2045, Hyundai Glovis has formulated strategies to decarbonize the shipping sector five years ahead of the regulations set by the International Maritime Organization and the South Korean Maritime Ministry’s carbon neutrality goal. Under the road map, Hyundai Glovis plans to boos

Incorporation of the price adjustment clause, or PAC, in consignment production contracts made between suppliers and subcontractors were mandated starting Wednesday for the first time in South Korea. The PAC, which requires suppliers to adjust the price of materials they provide to subcontractors in accordance with variations in raw material costs, aims to alleviate subcontractors' losses under the current fixed-price contract system. Under the current system, small and medium-sized consign

Celltrion announced Wednesday that the company received approval from the US Food and Drug Administration for two more dose versions of its Humira biosimilar Yuflyma, for 20 and 80 milligrams. Yuflyma is a copycat version of AbbVie’s blockbuster drug Humira, used to treat many inflammatory conditions in adults such as rheumatoid arthritis and psoriatic arthritis. With the FDA’s latest approval, Celltrion is now able to sell three different dose versions of Yuflyma in the US. The 40 m

Samsung Biologics has raised the full-year earnings estimate in its company guidance again to 3.6 trillion won ($2.6 billion) for this year, up some 20 percent from last year, according to its regulatory filing released on Wednesday. It was the second time this year for Samsung Biologics to increase the estimate of its annual earnings. Earlier in April, the company raised its estimated earnings from sales to 3.52 trillion won. “(Samsung Biologics) has readjusted (the estimated earnings in

South Korean electric wire and cable manufacturer Taihan Cable & Solution has faced challenges of quality control after using impure copper from a new supplier in its production process, industry sources said Wednesday. For approximately three weeks -- from early last month to Sept. 24 -- the company’s Dangjin plant in South Chungcheong Province had shut down its copper rod manufacturing. Copper rods are a basic metal element in cable production. The melting furnace was reportedly clog