Hydrogen fuel-cell trucks from Hyundai Motor will hit the roads in California by 2023, said the South Korean automaker Tuesday, after it won a bid to provide clean-fuel vehicles for two clean-air projects in California. This will be Hyundai’s largest deployment of hydrogen vehicles in the United States. A consortium led by Hyundai and California’s Center for Transport and Environment, a government organization that promotes eco-friendly transportation projects, will roll out 30

South Korean tire maker Kumho Tire said on Tuesday it has renewed its sponsorship contract with English football club Tottenham Hotspur. The long-term extension to a deal that was first signed in 2016 marks the third time the company has continued its support for the team as their official tire partner. The move comes after South Korean player Son Heung-min recently signed a new four-year contract with the team until 2025. Son’s presence means his team also has many fans in his home cou

SK hynix, the world’s second-largest memory provider, surpassed the 10 trillion-won ($8.69 billion) mark in quarterly sales for the first time in three years amid a continuing chip boom. According to the chipmaker’s earnings announcement Tuesday, the company recorded 10.3 trillion won in sales in the April-June period, up 20 percent from the same period last year, owing to the improved conditions in the memory market since early this year. The chipmaker last breached the 10 trill

Samsung Electronics will take the lead in widening the foldable smartphone market by offering more refined and durable products this year, the company‘s executive in charge of the mobile phone business said Tuesday. Roh Tae-moon, president of Samsung Mobile, pledged to provide improved foldable devices at the upcoming Samsung Galaxy Unpacked event slated for Aug. 11 through a message posted on the company’s newsroom homepage. “The upcoming Galaxy Z Fold combines the very be

Samsung Electronics Co. said Tuesday its new curved gaming monitor with Mini LED display will be launched this week. The Odyssey Neo G9 will hit the shelves in South Korea on Thursday with a price of 2.4 million won ($2,085). It will be globally available by Aug. 9, according to the tech giant. The latest product is the industry's first curved gaming monitor with Mini LED display, Samsung said. It uses the Quantum Mini LED light source that is 1/40 the height of a conventional LED, which is al

South Korea's top tech giant Samsung Electronics Co. will open another batch of royalty-free technologies in line with the government's efforts to promote shared growth among conglomerates and small and medium-sized firms, the industry ministry said Tuesday. Under the move, the world's top memory chip maker will allow 99 businesses to use its 172 cases of patents without paying royalties. The latest step will raise the number of patents shared by Samsung since 2015 to a whopping 784. Since 201

South Korean automaker Hyundai Motor Co. said Tuesday its fleet of 30 Xcient fuel cell trucks will hit roads in California by early 2023, which will be the largest deployment of zero-emission commercial vehicles in the United States. Hyundai Motor said it will team up with public and private partners to deploy 30 Xcient heavy-duty trucks for regional freight distribution in Northern California by the second quarter of 2023. A consortium jointly led by the Center for Transportation and the En

The mix of digital assets and metaverse ecosystem infuses energy into fledgling blockchain marketplace based on nonfungible tokens

South Korean pharmaceutical giant Celltrion has submitted for global review the results of an animal study which it said suggested the efficacy of its COVID-19 treatment Regkirona against the delta variant, the firm said Monday. It also added that its US partner tasked with developing an inhaled version of the monoclonal antibody treatment also known as CT-P59 or regdanvimab has secured a $7 million funding from the US Army Medical Research & Development Command. According to the compan

AfreecaTV’s operating profit in the second quarter surged 97 percent on-year to 21.5 billion won ($18.6 million), the company announced Monday. The revenue of South Korea’s biggest livestreaming platform jumped 44 percent to 65 billion won while net profit shot up 85 percent to 18.9 billion won buoyed by robust advertising sales. “AfreecaTV Ads Manager, the firm’s newly launched advertising platform, propelled the strong advertisement sales. The beginning of new sea

To make inroads into China’s fast growing alternative food market, SK said Monday it has joined Chinese food service company Joyvio Group to form a fund worth 100 billion won ($86.7 million). According to the holding firm of South Korea’s third largest conglomerate SK Group, the envisioned Sustainable Food & Consumption Fund will invest in promising food tech companies that specialize in plant-based meat, fermentation and vertical farming. SK will inject 18 billion won of t

Efforts behind recent rise in popularity date back decades

After HAAH Automotive Holdings, a US-based automobile distributor, confirmed its intention to acquire SsangYong Motor, eyes are on whether the American firm, which just gave up on its Chinese car business with a bankruptcy filing, will be able to close the deal to salvage the financially troubled automaker in Korea. Speaking to a US media outlet, the founder and chief executive officer of HAAH Automotive, Duke Hale, revealed that it has established a new company, Cardinal One Motors, which wi

Paseco, the largest window air conditioner-maker in South Korea, sold more than 100,000 units in the past three months, the company said Monday. The sales boost propelled aggregate sales of Paseco’s window ACs to hit 250,000 units since introducing the home appliance in 2019. A window AC is a single-unit air conditioner installed on windows. Paseco, previously more well-known for oil heaters, is a leading player in the market, taking up an estimated 60 percent of the market share. P

Financially troubled SsangYong Motor Corp. on Monday revealed a design sketch of its new sport utility vehicle under development as it tries to revive sales with next-generation models. The SUV-focused automaker teased the design sketch of the new SUV codenamed KR10, saying its design language is "Powered by Toughness." SsangYong said its upcoming SUVs will be equipped with "eco-friendly power trains" to meet growing market demand. Last month, the automaker said it will la