Mercedes-Benz Korea has donated vehicles to local communities for seven consecutive years as part of its social outreach project called Mercedes-Benz All Together, according to the company on Tuesday. Mercedes-Benz Korea launched its Mercedes-Benz CSR Committee in 2014 to make a systematic and continuous contribution to Korean society such as donating cars to social welfare institutions. The committee has donated a total of 44 vehicles to 43 institutions as of this year, the German carmaker said

South Korean memory chip supplier SK hynix said Tuesday it has shipped the world's fastest DRAM module under the double data rate 5 standard, considered a next-generation memory technology. SK hynix shipped memory module samples that boast up to a 6,400-megabit-per-second data transfer speed and 32-gigabyte memory density earlier this month, according to the company, without specifying the date. It added the integration of the clock driver in the new samples has improved the signal integrit

A memorial service honoring the late Samsung Electronics Chairman Lee Kun-hee was held Tuesday, without a major announcement made by the electronics giant in regards to a succession plan for his son to ascend to the top leadership. Speculation has been building recently that Samsung Electronics Vice Chairman Lee Jae-yong might be promoted to the chairman post, using the memorial service for momentum. Lee has held the "vice chairman" position for the past decade. Lee's eventual ass

Renault Korea said Tuesday it has supplied 67 of its popular sport utility vehicle QM6 to law enforcement, to be used by local detectives and riot police officers. Renault Korea’s QM6 model was recognized by police officials as being fit for police operations for its low noise levels and spacious interior, the automaker explained. QM6 boasts the most spacious back seat among SUVs in the similar range. With the back seats folded, it opens up 2,000 liters of cargo space when including the tr

SK Group Chairman Chey Tae-won on Monday apologized over massive disruptions of online services in South Korea following a fire at a data center run by one of the group's subsidiaries earlier this month. "I would like to deliver an apology to the people," Chey said during an audit at the parliament's Science, ICT, Broadcasting and Communications Committee. "I feel very responsible for the blackout. The entire SK Group is making efforts to deal with the situation."

SK Group leader, Naver co-founder apologize over data center shutdown, service failure

Posco Holdings said Monday that its third quarter operating profit plunged 71 percent to 920 billion won ($363.9 million), largely due to operation suspension and damages from typhoon that hit the company’s steel plant in Pohang, North Gyeongsang Province, last month, as well as the continuously falling global price of steel. The holding company of the steelmaker Posco said in its regulatory filing that its third quarter net profit dropped sharply to 592 billion won, a 77.2 percent fall on

For a long time, the ocean functioned as a set of passageways for ships and a space to catch fish. However, today’s ocean offers us much more. Some may enjoy the sea as a leisure venue for surfing as they ride across the cool waves, and others may think of it as a place with a marine science base that continues to respond to climate change. The sea also serves as a repository for renewable energy, including tidal, wave and wind power. Ninety-nine percent of the world’s internet traff

It’s no wonder why Volkswagen took a while to introduce its electric vehicle in South Korea. With its all-electric SUV ID.4, the German carmaker offers an accessible EV solution for local customers pursuing an eco-friendly family life. The electrified midsize SUV boasts remarkable spaciousness. It is big enough to accommodate a family as well as equipment for activity lovers. There is enough leg- and headroom in both the front and back seats, and the trunk is capable of storing up to 543 l

SEJONG -- South Korea’s chipmakers are likely to suffer losses from US sanctions against the Chinese semiconductor industry, as Korea has invested far more in China than the US, an opposition lawmaker said Monday. According to data handed over to Rep. Kim Hoi-jae of the Democratic Party of Korea by the Ministry of Trade, Industry and Energy, Samsung Electronics invested $3.8 billion in the US market between 1997 and 2020. This was equal to just 22.2 percent of the chipmaker’s inves

Hyundai Motor on Monday reported 37.7 trillion won ($26.2 billion) in total sales for the third quarter, an increase of 30.6 percent on-year. It was boosted by a significant increase in global sales, which the automaker forecast would expand in the final quarter as the auto parts supply crunch eases. Hyundai Motor sold 1.02 million cars from July to September, according to a regulatory filing. The third quarter is regarded as a low season for the carmaker, as employees take vacations for the sum

A Korean Air plane overran a runway at the Cebu International Airport in the Philippines while attempting to land in poor weather late Sunday. No injuries were reported. The flight had 162 passengers and 11 crew onboard. Korean Air flight KE631, which had departed from Incheon to Cebu, had attempted to land twice in poor weather, and on the third attempt overran the runway, according to the South Korean air carrier while delivering an apology. “We sincerely apologize to our passengers and

New technology likely to contribute to commercializing robotic hands for amputees, disabled

  South Korean chipmaking giants have suffered a decline in their market capitalization and profitability due to heated competition from Chinese rivals and a heavy tax burden, data showed Monday. Of the world's top 100 chipmakers in the world by average market cap from January to September period, only three local players -- Samsung Electronics, SK hynix and SK Square -- were listed, according to the Federation of Korean Industries, a lobby group based in Seoul, citing data from S&P Cap

ULSAN -- Unionized workers at HD Hyundai's three shipyard units kicked off a joint strike vote Monday amid little progress in their collective negotiations. Unionists at the three shipbuilders -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries Co. -- are slated to cast votes till Wednesday, according to union officials. It marks the first time that the labor unions of the shipbuilders have held a joint strike vote. The outcome of the vote is due la