Tesla’s new tab-less cylindrical battery cell has the potential to become a game-changer in the electric vehicle industry, according to the Korea Automotive Technology Institute (KATECH). The KATECH released an industry trend report on Monday that said the EV market must prepare for what is to come after Tesla starts mass producing its 4680 batteries. Tesla’s 4680 battery is 46 millimeters in d...

Hyundai Motor, South Korea‘s largest carmaker, made its entry to the local secondhand car market official on Monday, after facing opposition from small- and medium-sized dealers in the market for years. The company will only sell high-quality certified used cars that have been driven less than 100,000 kilometers and owned for less than five years for customer satisfaction, it said. All cars to ...

After nearly a year away from music and following a bandmate’s departure, girl group (G)I-dle is returning with its first LP on March 14. The band first floated the news at the end of last month by uploading an artwork on social media of a shooting target with the words, “I Never Die,” the name of its first studio album. Leading the nine-song package is “Tomboy,” and as a self-made group in the...

Italian luxury fashion brand Gucci said Monday it will put on a metaverse exhibition and sell fashion items for avatars on Zepeto, Korean tech giant Naver’s metaverse platform. The fashion house has opened a virtual space on Zepeto, where users can enjoy a metaverse version of “Gucci Garden Archetypes,” an ongoing multimedia exhibition in Seoul. Gucci and Zepeto, following its first partnership...

BARCELONA, Spain , March 7, 2022 /PRNewswire/ -- Huawei Digital Power Technologies Co., Ltd. (hereinafter referred to as Huawei Digital Power) signed a strategic cooperation agreement with Meinergy Technology Co., Ltd (hereinafter referred to as Meinergy), the leading PV developer in West Africa . Under the agreement, Huawei Digital Power will provide a complete smart PV & energy storage sy...

South Korea’s benchmark Kospi fell some 2 percent on Monday, with market behemoth Samsung Electronics dropping below the 70,000 won-mark ($57.03) at one point, rattled by the escalating war in Ukraine and surging oil prices. The value of the Korean won weakened against the US greenback, with the local currency surpassing the 1,220 won-mark against the dollar for the first time since June 2, 2020...

With the presidential election just around the corner, candidates traveled to regions across the nation, in hopes of wooing voters from rival strongholds, and also to appeal to those who have not yet made their mind up. Lee Jae-myung, the major ruling Democratic Party of Korea candidate, visited Jeju Island on Monday for the first time since his official election campaign kicked off. “Candidate...

South Korean stocks plunged over 2 percent Monday amid worries tough sanctions imposed on Russia in retaliation against its invasion of Ukraine could raise energy prices and hurt companies' bottom lines. The Korean won steeply fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 62.12 points, or 2.29 percent, to close at 2,651.31 points. Trading volume was...

South Korea’s gender pay gap persists at major companies, with a recent research suggesting women still earn almost 40 percent less than men. Data from market tracker Korea CXO Research Institute released Monday showed the average annual pay for female workers was 54.2 million won ($44,151) at the nation’s top 150 companies as of 2020, about 38 percent less than the male average of 79.7 million ...

Korean actor Lee Jung-jae, 49, won the award for best male performance in a new scripted series at the 37th Film Independent Spirit Awards held in California, Monday. The top Korean star was named the winner for playing Seong Gi-hun, a down-on-his-luck middle-aged man who takes part in the titular deadly game of the global megahit Netflix series “Squid Game.” Lee became the second Korean actor ...

Rhee Keun, a former Navy special warfare officer who gained popularity as one of the trainers in the YouTube series “Fake Men,” on Sunday claimed that he has left the country to fight as a volunteer soldier in the war in Ukraine. The Navy SEAL-turned-YouTuber, also known as Ken Rhee, posted on Instagram photos that appear to be taken at an airport, with the caption, “When the Ukrainian president...

South Korea has decided to shut down transactions with Russia’s central bank and national funds in efforts to join the international movement to impose more sanctions against Moscow, while providing state emergency support for companies doing business with the Slavic countries in war, the government said Monday. Seoul’s announcement followed the recent series of sanctions by the US and EU to ban...

Both MBC and SBS will not air their respective hit programs, “Radio Star” and “Kick a Goal.” MBC’s drama “The Second Husband,” “Live Today Eveninig,” SBS’ “While You’re Hooked” and “Live Today” will not air this week. While the three major broadcasters are holding a joint election exit poll as in previous elections, cable channel JTBC is conducting a separate exit poll for the first time this y...

The South Korean government has been reviewing how to provide humanitarian and military aid to Ukraine, but it does not consider sending lethal weapons as a feasible option, according to South Korea’s Defense Ministry. Ukraine recently made an official request to the South Korean government asking for humanitarian assistance and military supplies to combat Russia’s invasion. “We are currently r...

South Korea‘s daily COVID-19 infections stayed above 200,000 for a fourth straight day, according to the country‘s health authorities on Monday. Although the daily figure‘s growth slowed down over the weekend, the government expects it to rebound this week. According to the Korea Disease Control and Prevention Agency’s report on Monday, the country added 210,716 new COVID-19 infections during th...