Hyundai Mobis Co., South Korea's leading auto parts maker, said Monday it will promote its high-end auto parts at a US auto show this month to strengthen its presence in the world's most important automobile market. Hyundai Mobis aims to explore new opportunities to sell its electric complete chassis platform module (eCCPM) for EVs and other high-end auto components to local carmakers at the North American International Auto Show, the company said in a statement. It will also focus on

South Korean energy-to-telecom conglomerate SK Group said Monday it is partnering with a Malaysian clean energy company to explore collaboration in hydrogen, renewable energy and green mobility, as part of efforts to bolster its green energy transition. Its three affiliates -- SK Materials Inc., SK Ecoplant Co. and SK Signet Inc. -- recently signed a memorandum of understanding with Gentari Sdn. Bhd., a subsidiary of Malaysia's state-run oil company Petroliam Nasional Berhad (Petronas), for

South Korea's unmanned space vehicle Danuri has successfully undergone a trajectory correction maneuver (TCM), a critical procedure in the lunar orbiter's travel to the moon for the country's first lunar mission. Danuri, also known as the Korea Pathfinder Lunar Orbiter, was launched last month aboard a SpaceX Falcon 9 rocket from Cape Canaveral Space Force Station in the U.S. state of Florida for South Korea's first space mission beyond Earth's orbit. The orbiter is curr

South Korea’s retail-to-energy conglomerate GS Group said Sunday that it has launched promotional activities to support South Korea’s bid to host the 2030 Busan World Expo. GS Sports, the sports company operating the football team FC Seoul and GS Caltex Seoul Kixx volleyball team, has opened a special fan event Sunday to promote the country’s Busan Expo bid. FC Seoul installed a booth at Seoul World Cup Stadium where visitors can leave supporting comments and look at brochure

    The relationship between Korea and Japan has a huge impact on both our economic growth and security. I am confident that it is a propitious time to strengthen the two countries’ bilateral ties. Given the prolonged global supply chain crisis, close cooperation between the two Asian manufacturing powerhouses will benefit companies in both countries and worldwide. For instance, the global semiconductor shortage caused a tumult in the manufacturing and sale of all kinds of produc

South Korean retail giant Lotte Group said Sunday it will build an eco-friendly smart city complex and smart logistics center in Vietnam, as part of its expansion plan to cement a strong foothold in Southeast Asia. Under the $900 million Thu Tiem Eco Smart City project, the company plans to construct a 60-story building, with another five floors underground, comprising a shopping mall, cinema, office space, hotel, residences and apartments in Ho Chi Minh City. For the residential area, a big

  Kiaf Seoul, the country’s largest art fair that kicked off on Friday, has garnered the most-ever attention this year for bringing Seoul’s version of the top 3 global art fair Frieze to Asia for the first time, as well as giving birth to the new art fair Kiaf Plus – a special art show dedicated to digital art and aspiring young artists. South Korean imported car dealer Han Sung Motor is official sponsor of Kiaf Plus, in which 73 galleries from 11 countries with less than

Steel giant Posco Group’s Representative Director and President Jeong Tak visited the Argentinian government Thursday to ask for the country’s support on South Korea’s bid to host the 2030 Busan Expo, the company said Sunday. Jeong met with Santiago Cafiero, the Argentinian Minister of Foreign Affairs, to promote Busan as the No.1 port city that is most optimized to host a global exhibition. Jang Myung-soo, South Korean Ambassador to Argentina, was also present at the meeting.

BERLIN – Samsung Electronics will focus on upgrading foldable phones and enhancing their user experience for now, despite their extensive study on diverse smartphone form factors such as rollable and slide types, according to a senior executive who oversees research and development for mobile devices. “Technically, we are studying all form factors. But now our top priority is upgrading the current foldable phones,” Choi Won-joon, executive vice president and R＆D head of the mo

BERLIN – LG Electronics, the dominant No. 1 firm in the OLED TV market, said Saturday it aims to further widen its gap with rivals by offering a more diversified product lineup that meets different consumer demands. According to market tracker Omdia, Europe is the largest OLED TV market, making up more than 50 percent of global shipments. In the region, LG’s market share was a whopping 65.8 percent in the first half of this year, followed by Sony with 17 percent and Philips with 11

A civic group filed a complaint against Starbucks Coffee Korea on Friday in connection with giveaway picnic bags found to contain toxic chemicals. The company came under fire in July after formaldehyde, a carcinogen, was detected in "summer carry bags," which it provided to customers who purchased 17 drinks between May and early July. A Seoul-based nonprofit organization, called the People's Livelihood Countermeasures Committee, said it reported Starbucks Korea CEO Song Ho-seop to

Business leaders and experts gathered in Goyang, Gyeonggi Province on Friday to discuss ways to create a globally connected hydrogen ecosystem amid growing geographical uncertainties stemming from Russia's attack on Ukraine and worsening climate change. Jeong Marn-ki, president and CEO of the Korea Automobile Manufacture Association, called hydrogen a carbon-free alternative to fossil fuels at the International H2 Conference. Hydrogen can prevent such uncertainties in the future, but its commer

Coway is showcasing its latest lineup of air and water purifiers at Europe’s largest home appliances tech show IFA 2022, the South Korean company said Friday. Coway’s on-display products at the event’s exhibition booth in Berlin include 14 air purifiers and eight water purifiers with the newest air purifiers Coway Airmega taking the spotlight. “The Coway Airmega range is consistently recognized as the best-in-class, earning status as an Amazon USA top air purifier brand

Researchers develop world’s first climate recovery map

Seoul’s city council said Friday it has received plans from the city government to raise taxi fares. The draft document, “Proposal for Opinion Hearing on the Taxi Fare Adjustment Plan for Resolving Late-Night Ride Difficulties," outlines the city's proposal to increase basic cab fares from the current 3,800 won ($2.80) for the first 2 kilometers to 4,800 won for 1.6 kilometers. According to the outline of the plan, the basic fare of Seoul cabs would increase 26.3 percent, and