Genesis, the independent luxury brand of Hyundai Motor Co., on Wednesday unveiled a premium electric concept car ahead of the launch of the brand's first electric vehicle later this year. The Genesis X, showcased in a digital event and an offline debut in Los Angeles, is an EV-based high-performance Gran Turismo coupe and the brand's fifth concept car, Hyundai Motor said. The two-line lighting motif, applied throughout the interior and exterior, embodies the design language of future Genesis E

In a groupwide governance shakeup, SK Telecom Co., the telecom unit of SK Group, may morph into an intermediary holding company this year, analysts said Wednesday, as South Korea's No. 3 conglomerate seeks to strengthen its grip on chipmaking affiliate SK hynix Inc. The telecom operator's CEO Park Jung-ho told shareholders last Thursday that the company would soon unveil plans to reshape its governance structure in a signal that the conglomerate would revamp its governance structure this year.

EXEM’s operating profit reaches 9.6 billion won on revenue of 39.2 billion won

South Korea's two major battery makers -- LG Energy Solution Ltd. and Samsung SDI Co. -- were ranked in the top three in the global smartphone battery market last year, a report showed Wednesday. LG Energy Solution, a wholly owned subsidiary of LG Chem Ltd., had a revenue share of 26 percent to rank second in the worldwide smartphone battery market in 2020, according to market researcher Strategy Analytics. Samsung SDI, an affiliate of the world's largest smartphone maker Samsung Electronics C

SK hynix Vice Chairman Park Jung-ho, who is also the chief of SK Telecom, has been appointed as the chipmaker’s co-CEO at its board meeting Tuesday, the firm said. As co-CEO, Park will assume the role of building the corporate culture and leading establishment of long-term strategies for the chipmaker to strengthen global competitiveness and find new growth opportunities. Current CEO Lee Seok-hee will be responsible for development, investment and operation to strengthen technology and

Newest TV models by Samsung Electronics and LG Electronics have been certified for Wi-Fi 6E technologies, the first in the global TV industry, according to the companies on Tuesday. Samsung said its 2021 Neo QLED 8K TV models have earned the world’s first Wi-Fi 6E certification from the Wi-Fi Alliance. Wi-Fi 6E, a new standard in connected technology, offers four times faster connectivity based on stable and reliable data transfers – even when multiple devices are connected t

Carmaker adds another option to heated electric vehicle market with its first model to adopt E-GMP

Coway, a South Korean home appliances rental firm, has been honored at this year’s Business Integrity Society summit for its continuous commitment to a framework for environmental, social and governance, or ESG, standards as well as corporate transparency, the company said Tuesday. It was chosen as an “Excellent Anti-Corruption Company” at the BIS Summit 2021 Anti-Corruption Awards held last week by the UN Global Compact and the Korea Social Responsible Investment Forum. &l

Hyundai Engineering & Construction, the company behind South Korea’s top apartment brand, Hillstate, is starting presales of units in a high-rise mixed-use apartment complex in the southeastern city of Daegu, the company said Tuesday. Slated for completion in the summer of 2024, the complex, dubbed HillState Dalseong Park Station, comprises three buildings with 392 housing units each measuring 84 square meters. Of the 392 units, 72 are what locals call “residential officetel&rdq

Hyundai Mobis, the auto parts affiliate of Hyundai Motor Group, is expanding its presence in the global auto lamp market with its series of unique rear lamp technology, officials said Tuesday. After two years of joint research with LG Innotek, the parts maker has recently come up with HLED, a thin film-like material that can be flexibly bent and that emits light in all conditions. Due to its delicate light control, the product may be applied to both the stop lamp and the tail lamp with a mere

South Korean energy company GS Caltex was among the companies behind the launch of a new oil exchange in Abu Dhabi, United Arab Emirates, to help secure a more stable and transparent supply of Middle East crude. Launched Monday, the new International Exchange Futures Abu Dhabi, or IFAD, has listed the Middle Eastern nation’s flagship Murban crude and started trading Murban crude futures. GS Caltex joined global oil majors BP, Total, Inpex, Vitol, Shell, PetroChina to support its incepti

Hanwha Q Cells said Tuesday it has filed a patent infringement lawsuit against Chinese solar company Astronergy in Germany. The lawsuit, filed on March 12 with German court, accuses Astronergy of stealing Hanwha’s patented technology that enhances the efficiency of solar cells. The legal action is the latest from Hanwha against Chinese competitors. Previously it sued three firms -- Jinko Solar, LONGi Solar and REC -- in March 2019. Last June, Germany’s Dusseldorf District Court r

Samsung C&T Corp., the construction unit of Samsung Group, said Tuesday its consortium has clinched a $1.56 billion project to build a terminal at Taiwan Taoyuan International Airport. Under the deal with Taoyuan International Airport Corp., the Samsung C&T-led consortium will build Terminal 3 that can have an annual customs clearance processing capacity of 45 million passengers. Samsung C&T said it will take 60 months to complete the project. Samsung C&T said its stake is wor

Major shoe brand refuses to chime in on ongoing human rights issue involving its supply chain

Specially developed syringes avoid wasting residual dosages, allowing the country to vaccinate more people with same doses, government says