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Late Dutch veteran of Korean War to be laid to rest in S. Korea
Seventeen shows who is the ‘Maestro’ of K-pop in greatest hits album
What is Hybe’s next move?
Kansong Art Museum revisits its origins
[News Focus] Lee tells Yoon that he has governed without political dialogue
Yoon, Lee end first talks with differences, agree to meet more
Police to open alleged stalking probe over pastor over Dior bag scandal
S. Korea, Africa craft vision statement for first-ever summit
Med school professor convicted for fake COVID-19 'vaccine card'
Celltion’s Zymfentra gets preference in top US formulary
Simon Stone sets 'The Cherry Orchard' in turbulent Korean society
China outpaces Korea in smaller OLED shipments for 1st time
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Forklift exam draws more test-takers in 50s seeking new skills
'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
Liberal bloc moves to rewrite student rights ordinance
BNEF names Hyosung Heavy as top ESS supplier
From sleeping to space-out contests, Seoul to host 120 events at Han River
Intel CEO to visit Seoul in June
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Hyundai Motor’s yearly earnings hit record-high W20tr in Q3
Oct 27, 2023
With upbeat earnings in the third quarter, Hyundai Motor Group's yearly operating revenue has surpassed the 20 trillion won ($14.8 billion) mark, the company’s earnings report showed Friday. The South Korean auto giant’s Hyundai and Kia brands hit a combined 20.8 trillion won in operating profit and sales revenue of 196.5 trillion won during the January-September period. The two carmakers’ annual profit and revenue in 2022 were 17.5 trillion won and 229.8 trillion won, res
[Photo News] Best mechanic skills
Oct 27, 2023
Participants of Hyundai Motor Group’s 14th World Skill Olympics, the biannual competition event for car maintenance technicians, pose for a photo in Cheonan, South Chungcheong Province, Thursday. This year, Haydar Ali from Indonesia won first place among the 75 participants from 56 countries in Europe, Central America and Southeast Asia. Since 1995, the annual event has evaluated mechanics’ skills in diagnosing and fixing problems with international combustion engine cars and, more
Hyundai Motor posts record Q3 earnings on upbeat US sales
Oct 26, 2023
Hyundai Motor Group said Thursday it hit record earnings in the third quarter thanks to all-time high sales in the US market. The company’s operating profit from July to September skyrocketed 146.3 percent from last year to 3.8 trillion won ($2.8 billion), its highest figure since 2011. Its sales revenue increased 8.7 percent to 41 trillion won in the same period. The world’s third-largest carmaker sold a total of 1.04 million cars abroad and within Korea, a 2 percent jump from a yea
Samsung SDI logs record-high Q3 sales on solid EV battery demand
Oct 26, 2023
Samsung SDI said Thursday it has posted a record-high revenue in the third quarter, driven by upbeat sales of electric vehicle batteries. In the July–September period, the company’s revenue surged 10.8 percent on-year to 5.9 trillion won ($4.4 billion), mostly boosted by increased sales of prismatic and cylindrical batteries cells for EVs which saw a 60 percent jump in profit and a 9.3 percent operating profit margin. Its operating profit decreased 12.3 percent to 496 billion won in
LG Energy Solution ups ante in price war against Chinese rivals
Oct 25, 2023
Korea’s top battery maker to expand low-priced battery lineup in coming years
Hyundai looks to repeat late founder’s Mideast success with EVs, hydrogen
Oct 24, 2023
Korean conglomerate signs slew of agreements, contracts upon Yoon's state visit
Samsung, Hyundai ink first EV battery deal
Oct 23, 2023
Samsung SDI said Monday it has clinched a deal to supply electric vehicle batteries for Hyundai Motor Group – the first battery partnership between the two chaebol groups. Under the deal, Samsung SDI will supply prismatic batteries produced at its Hungary plant for Hyundai EVs made in Europe for seven years, from 2026 through 2032. Although the exact size of the deal was not disclosed immediately, industry sources predict that Samsung SDI could supply batteries to power up to 500,000 high-
China’s export curbs on graphite may raise battery prices for EVs
Oct 23, 2023
Korean battery makers, materials suppliers in search of alternatives before price hikes
Mercedes-Benz Korea ramps up efforts to nurture tech talent
Oct 22, 2023
Mercedes-Benz Korea has been investing heavily in training employees and young students as part of efforts to enhance customer service and technical expertise in the automotive maintenance field. Since 2007, the Korean unit of the German luxury carmaker has organized “Korea TechMasters,” a biennial technical skills competition, while also running separate automotive training programs including Ausbildung and Automotive Electric Traineeship. This year’s technical contest saw
EcoPro seeks big leap as global battery materials maker
Oct 22, 2023
South Korean battery materials manufacturer EcoPro, which celebrates its 25th anniversary this year, has laid out a goal to post 10 trillion won ($7.41 billion) in sales next year. EcoPro CEO Song Ho-jun and top executives of the firm's subsidiaries, including EcoPro BM, participated in a celebratory event held at the company’s headquarters in Ochang, North Chungcheong Province, on Friday. Preparing for the next 25 years, EcoPro said it plans to develop game changer materials, diversi
[KH Explains] Is Tesla ditching its premium strategy?
Oct 22, 2023
Korean drivers increasingly turning their eyes to Tesla cars for bargains, not for luxury cachet
Hyundai Motor, Kia ranked in mid range of global eco-friendliness list
Oct 19, 2023
Hyundai Motor and its affiliate firm Kia were ranked in ninth place on a new Greenpeace study on 15 automakers' decarbonization efforts, down four spots from the environmental organization's assessment a year ago. According to Greenpeace East Asia’s analysis on Thursday, the South Korean carmakers received 5.58 points for the proportion of zero-emission vehicle sales and a mere 3 points for decarbonizing efforts in their supply chains. Noting that the sales of sports utility vehi
[Photo News] Kia EV9 for Rafael Nadal
Oct 19, 2023
Korean automaker Kia presents the EV9, the carmaker’s first three-row battery-powered sport utility vehicle, to its brand ambassador and renowned tennis player Rafael Nadal at the IFEMA Convention Center in Madrid on Wednesday. In October 2021, the company gave Nadal the EV6, its first electric vehicle to have adopted Hyundai Motor Group’s EV platform. Kia has sponsored Nadal since 2004 and recently renewed the partnership until 2025. (Kia)
Hyundai, Kia team up with Infineon on EV power chips
Oct 18, 2023
Hyundai Motor Company and its sister firm Kia announced Wednesday that they have signed a strategic partnership with Infineon Technologies AG, a global top-tier automotive semiconductor developer, to upgrade electric vehicle performance and secure power semiconductor supply chains. Under the partnership, the South Korean automakers will cooperate with the chipmaker to develop technologies with a goal to enhance the power performance of EVs and hybrid vehicles slated to be released in the future.
Kia reaches tentative agreement with union
Oct 18, 2023
Hyundai Motor Group said Wednesday that its affiliate Kia has reached a tentative agreement with its labor union, continuing wage talks without a strike for a third consecutive year. The management and labor union members sat down for the 16th round of negotiations at Kia Autoland in Gwangmyeong, Gyeonggi Province, Tuesday. The most pressing item on the agenda was whether Kia would remove a clause in the collective agreement that allows for the hiring of children of workers with more than 25 yea
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