Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, said Wednesday it had tapped Yukihiro Hattori and Ryoichi Adachi as president and vice president of Hyundai Mobis Japan to strengthen sales and the intake of orders there. Hattori, who most recently served as director of purchases at Mitsubishi Motors, and Adachi, who had supervised purchases at Mazda Motor, will respectively over...

Kia unveiled the design and the functions of its first purpose built vehicle Niro Plus, which has been developed based on its flagship electric vehicle Niro EV. The carmaker said Niro Plus, the spinoff version of Niro EV which has been launched in 2018 also as hybrid and plug-in hybrid models, has been invented to satisfy customers’ various needs. The vehicle comes in two variations: A model de...

Data Streams CEO Lee Young-sang attended a conference in Kazakhstan on April 15 to discuss the country’s information and communication technology and share the company’s big data technology. About 80 people, including Kazakhstan’s IT minister and vice ministers, attended the forum, titled “Appraisal of the Needs-Assessment Survey Results on Digitalization,” to discuss digital transformation, acc...

Comviva's BlueMarble among the top Digital BSS Solutions globally with 27 Open API conformance certifications NEW DELHI , April 27, 2022 /PRNewswire/ -- Comviva , the global leader in mobility solutions today announced that its BlueMarble Digital BSS solution has achieved the platinum level status for Open API Conformance certification by TM Forum , the industry association driving digi...

Ha Yung-ku, a former CEO of Citibank Korea who later led an association of local banks, was named chairman of the Korean office for Blackstone, the asset manager said Wednesday. Ha joined Blackstone in August last year as an executive adviser. “South Korea is one of the most innovative economies in Asia with a highly sophisticated workforce and domestic corporations that are influencing trends a...

The Korea Exchange said Wednesday that Osstem Implant would begin trading Thursday, lifting a trading suspension put on Jan. 3, when the dental implant maker reported insider theft amounting to 221 billion won ($175 million). “The decision is based on the fact that the company has improved its corporate governance and internal oversight and had it checked up by outside experts,” the KRX said in ...

The South Korean government expects that the country will be able to return to normal soon, given the recent downward trend in the pandemic. “(The country) is one step closer toward a return to normal,” said Lee Seung-woo, vice minister for disaster and safety management, during the Central Disaster Management Headquarters meeting Wednesday. According to Lee, the COVID-19 pandemic here has sett...

Modular, Core Technology Design and Customer Feedback Lead to Development of Next-Generation Live Sports Review and Replay Solution To Be Demo nstrated At NAB SHANGHAI , April 27, 2022 /PRNewswire/ -- TVU Networks , the market and technology leader in cloud and IP-based live video solutions, has announced a multi-camera control sports app that enables officials to instantly review play dur...

South Korean chip-and-telecom giant SK has become the nation’s second-largest conglomerate, replacing Hyundai Motor for the first time in 12 years, a local antitrust regulator said Wednesday. Having accumulated over 291 trillion won ($230 billion) in total assets, SK took the number two spot, largely due to increased assets and sales in its chipmaking arm SK hynix. The semiconductor unit’s acqui...

NH Investment & Securities said Wednesday that it has incorporated its office in London to oversee the brokerage’s entire operations in Europe, seven years after it first opened a branch there to expand alternative investments like private equity and real estate. “This new office in London will be the bridge connecting markets in South Korea, the UK and Europe,” said Jeong Young-chae, the compan...

SEJONG -- South Korea is projected to see export growth in the steel and textile sectors if the nation becomes a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. But sectors like machinery, fine chemistry and auto parts could suffer handicaps in the wake of the technology gap with Japan, according to forecasts from a variety of business lobbies. The associati...

Children’s Day in Korea is a day that all kids look forward to, but it may not carry the same meaning for foreign children in Korea, according to the Cultural Heritage Administration’s understanding of Children’s Day. The CHA’s recent online announcement posted on the Deoksugung website that appeared to say that foreign children are excluded from free admission to palaces on Children’s Day spark...

South Korean stocks closed lower Wednesday, as investor sentiment was dampened by deepening concerns over a global economic slowdown amid high inflation and the continued antivirus lockdown in China. The local currency fell sharply against the US dollar. The Korea Composite Stock Price Index (Kospi) lost 1.10 percent, or 29.25 points, to close at 2,639.06. Trading volume was moderate at 1.06 bi...

The presidential transition team’s vice spokesperson on Wednesday denied a report that President-elect Yoon Suk-yeol’s wife, Kim Keon-hee, might lead an art exhibition at Cheong Wa Dae. It refuted a Yonhap report on Wednesday which quoted an aide to Kim saying that the incoming first lady could categorize artworks owned by Cheong Wa Dae and introduce them to the public. “It’s only a natural ide...