South Korean retail giant Lotte Group said Tuesday it is poised to inject 38 trillion won ($30 billion) over the next five years in the new growth-engine sectors -- health and wellness, mobility, and sustainability -- and core industry segments including chemical, retail and travel business. Following its recent announcement to enter the biomedical contract development and manufacturing organiza...

Hyundai Motor Group unveiled Tuesday another set of mega investment plans, this time focusing on the local market. Introducing a 63 trillion won ($52.6 billion) plan, the automaker said it would work with its subsidiaries Kia and Hyundai Mobis to turn Korea into a hub of its future mobility business. The investment will be implemented over the next three years. According to the automaker, which ...

Vetting tech talents worldwide to explore new agritech solutions to achieve sustainable development goals BANGKOK , May 24, 2022 /PRNewswire/ -- AI and Robotics Ventures (ARV) , Thailand's leading technology development and venture building company dedicated to leveraging cutting-edge AI & Robotics technologies, as a technology spin-off from PTTEP, an upstream national oil & gas company ...

Volkswagen ID.4 GTX, powered by LG Energy Solution‘s battery cells and modules, is seen climbing up the dormant Uturuncu volcano in Bolivia in this photo released by the South Korean battery maker. German long-distance driver Rainer Zietlow and his Challenge4 team won a new Guinness World Records title for the highest altitude reached with electric cars.

Energy-to-defense giant Hanwha Group unveiled Tuesday an investment plan of 37.6 trillion won ($29.7 billion) into the energy, carbon neutrality, defense and aerospace sectors over the next five years. Under such investment plan, the group expects to create some 20,000 new jobs. The group said some 20 trillion won will be injected into its business operations in Korea. This is equivalent to the...

The 12th edition of Ballet Festival Korea will be held with 26 performances in June, the organizing committee said Tuesday, with Seoul Arts Center as the co-organizer. Under the theme of “Open Up the New Ordinary Days,” the festival will showcase old and new ballet productions by both established and emerging dancers from June 9-29. Some of the highlights include the opening performance, “Ahn J...

South Korean households’ outlook for inflation in the next 12 months rose this month to the highest level in nine years and seven months, according to a Bank of Korea survey released Tuesday ahead of its rate decision Thursday. Survey respondents forecast inflation to average 3.3 percent, up from the previous record high of 3.1 percent in April. In a monthly survey of 2,500 households conducted...

NEW DELHI , May 24, 2022 /PRNewswire/ -- Recently, Sungrow, the global leading inverter solution supplier for renewables, cooperates with Tata Power Solar Systems Limited, India's largest specialized EPC player, to build India's Largest BESS (Battery Energy Storage System) plant in Phyang, Leh, UT of Ladakh, India . The BESS capacity is up to 60.56 MWh. Sungrow and Tata Power Solar to...

HOUSTON , May 24, 2022 /PRNewswire/ -- Ascend Performance Materials' Trinohex® Ultra is now REACH-registered and available across the European Union. "The demand for safe, reliable and longer-lasting batteries will only increase as we continue to shift toward e-mobility and renewable energy," said Dave McNeece , sustainable specialties senior business manager at Ascend. "In many ways, Eu...

“Anybody Can Dance” will be the follow-up to “Be Mbitious,” which is set to premiere at 10:20 p.m. on June 7. Eight dance crew leaders from “Street Woman Fighter” will reunite for the four-episode series, giving dance lessons to people who are not particularly good at dancing, but who have a deep passion for it, according to the program’s producer Hwang Sung-ho. In August, “Street Man Fighter,” ...

미국에서 출시될 예정인 한국 엔터테인먼트 주가를 추종하는 상장지수펀드인 ‘케이팝 (KPOP) ETF’ 가 추종하는 지수의 10%는 방탄소년단 소속사 하이브 주식으로 담기로 했다. 24일 한 업계 관계자는 코리아헤럴드와 만나 현재 해당 ETF의 지수 설계를 담당한 한국 콘텐츠 지식재산권 기업 콘텐츠 테크놀로지스가 구성 종목의 10%를 하이브 주식으로 편성할 것이라고 밝혔다. 관계자는 “해당 ETF는 패시브 ETF이기에 수익률을 달성하도록 운용하지만 그만큼 변동성이 적은 편이다”면서 “하이브 시총이 9조 정도지만 패시브 ETF로 운용되기 때문에 20-30% 대신 한도가 적용된 10%로 구성될 것”이라고 말했다. 케이팝 ETF는 미 증권거래위원회 (SEC)의 심사를 받고 있으며, 콘텐츠 테크놀로지스는 7월...

Hyundai Engineering & Construction has signed a strategic cooperation agreement with the nuclear power industry leader Westinghouse Electric Company to jointly build next generation nuclear power plants. This is the first time that a Korean firm has formed a partnership with the US nuclear power company. Under the agreement, Hyundai Engineering & Construction will be participating in engineerin...