SK Inc., the holdings firm of SK Group, said Thursday that it has acquired a stake in Monolith, the world’s first company to have successfully mass-produced “turquoise hydrogen.” The strategic investment was made by a consortium led by SK Inc., of which NextEra, a leading clean energy company in the US, was also a participant. SK did not disclose the investment amount, but industry sources said it would likely be in the range of tens of millions of dollars. Although hydro

Love it or hate it, minty flavor is having its moment of glory

Porsche Korea has launched Taycan Turbo, a high-performance model of the brand’s first electric vehicle, the company said Thursday. Taycan Turbo is the third Taycan variant to be launched here in Korea, and stands in between Taycan Turbo S and Taycan 4S, performance-wise. Like the Taycan Turbo S -- the higher-performing variant -- it is equipped with a Performance Battery Plus, with a gross capacity of 93.4 kilowatt hours as standard. Using launch control, the vehicle can exert up to 68

Kumho Tire is exclusively supplying its best-selling tire Ecsta HS51 for Renault Samsung Motors’ compact sports utility vehicle Arkana -- known as the XM3 in South Korea -- distributed in Europe, the company said Thursday. According to the South Korean tire manufacturer, Ecsta HS51 is their best-selling tire in Europe, using rubber and high grip resin for enhanced braking function. The model is noted for a variety of technologies and devices, such as Virtual Product Development simulat

Revving up for the affordable laptop market amid a pandemic-driven boom in PC sales, Samsung Electronics will introduce new models priced under $350 as early as this month, the company said Thursday. The Galaxy Book Go and the Galaxy Book Go 5G are the newest additions to the tech giant’s notebook lineup powered by Qualcomm’s Snapdragon compute platforms. The latest Galaxy Book Go 5G features the Qualcomm Snapdragon 8cx Gen 2 5G platform, while the LTE version adopts the Qualc

German truck manufacturer will voluntarily recall Euro 6 truck models to regain customer trust

Automaker set to fully unveil documentary on World Environment Day

South Korea's antitrust regulator said Thursday it has not approved a proposal by major affiliates of Samsung Group to address their alleged unfair business practice over in-house cafeteria business. Since 2018, the Korea Fair Trade Commission (KFTC) has been investigating Samsung Electronics Co., Samsung Display and two other Samsung units over allegations that they have unfairly supported Samsung Welstory Inc., the group's food service affiliate, by allowing it to run their in-house cafeteria

LG Electronics Inc. on Thursday said its open source software management tool is now available to outside developers as the South Korean tech giant eyes to bolster its presence in the software community. LG said the FOSSLight (Free and Open Source Software Light) system, which it has been using since 2014, can now be downloaded for free at its website. Open source software is distributed with its original source code and allows programmers to freely use or modify work. But at the same time,

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has signed a 220.5 billion-won ($198.6 million) order for three oil tankers. The order from a European company calls for Hyundai Samho Heavy Industries Co., a unit of KSOE, to deliver the vessels by February 2024, KSOE said in a regulatory filing. The order has an option to cancel an order for one oil tanker within a given period, the company said.  So far this year, KSOE has bagged orders for 123 ships, as well

Samsung Electronics Co., the world's largest memory chip producer, said Thursday that all of its semiconductor facilities have earned triple standard recognition from global environment certification leader Carbon Trust. Samsung said its nine chip facilities worldwide have received the Carbon Trust Triple Standard label for their efforts to reduce carbon, waste and water use. The company runs five semiconductor worksites in South Korea, three in China and one in the United States. The South

US electric vehicle maker Tesla's newly released Model Y was the top-selling foreign car model in South Korea last month, beating German luxury brand Mercedes-Benz's E-Class, industry data showed Thursday. A total of 3,461 Tesla's vehicles were registered in May, sharply up from 76 in April, thanks to the release of new EV models, according to the data by CarIsYou Data Research Center. Tesla's Model Y accounted for most of the Korean sales, selling 3,328 units in May, becoming the best-selling

Samsung Electronics Co. on Thursday unveiled new Galaxy Book laptops as the South Korean tech giant eyes to beef up notebook sales amid the pandemic-driven stay-at-home trend. The Galaxy Book Go and the Galaxy Book Go 5G will be the latest additions to Samsung's notebook portfolio powered by Qualcomm's Snapdragon compute platforms. The Galaxy Book Go 5G is equipped with the Qualcomm Snapdragon 8cx Gen 2 5G platform, while the LTE version is powered by the Qualcomm Snapdragon 7c Gen 2 system.

SK Planet, a data analysis subsidiary of top mobile carrier SK Telecom Co., said Thursday it will invest 15 billion won ($13.2 million) in local cancer diagnostics firm Bertis in a move to expand its presence in the digital health care industry. The move will make SK Planet the second major shareholder in the privately held company, which develops artificial intelligence (AI)-based technology in protein analysis for early diagnoses of major diseases, such as breast cancer. SK Planet said in a

Apple Inc. facilitated nearly $15 billion in billings and sales in South Korea last year, according to a report released by the company Thursday, unveiling the figure for the country for the first time. The report from the US-based Analysis Group found that Apple's App Store facilitated $14.9 billion in billings and sales in South Korea in 2020, accounting for 2.3 percent of the total global market at $643 billion. The figure covers sales of digital goods and services facilitated by the App St