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Wednesday, April 2, 2025

BUSINESS

Hyundai Motor, Advent Technologies sign advanced fuel cell deal

Hyundai Motor and Kia will jointly develop a core component for advanced fuel cells with Advent Technologies, a Boston-based fuel cell component manufacturer. Hyundai Motor...

U.S. Chips Act offers some comfort to Korean chip makers

Samsung Electronics and SK hynix will be able to maintain and upgrade their manufacturing facilities in China — albeit marginally — even after the...

Lotte Confectionery signs MOU with American Institute of Baking International

Lotte Confectionery signed a memorandum of understanding (MOU) with the American Institute of Baking (AIB) International to better the quality of its food products. Lotte...

U.S. state attorneys general target #kiaboyz in letter to automakers

A group of 23 U.S. state attorneys general penned a letter to Hyundai Motor and Kia Monday, urging the carmakers to take swift action...

Coupang hacked by Russians, report says, company denies

Coupang was the target of a significant theft of customer data, according to a local media report. The company said this is impossible and blamed...

Korean start-up Innospace launches test launch vehicle Hanbit-TLV

Innospace, a Korean space start-up, said Monday its suborbital test launch vehicle, Hanbit-TLV, has been launched. The 8.4-ton thrust single-stage hybrid rocket was fired from...

Hyundai Motor Group ranks third-largest automaker in world

Hyundai Motor Group is now the world's third-largest automaker, outpacing General Motors and Stellantis. It's the first time the combined sales of Hyundai Motor and...

Korea Ginseng Corporation establishes R&D center in California

The Korea Ginseng Corporation, KT&G’s ginseng affiliate, established a research and development center in Fullerton, California, with the aim to continuously invest in overseas...

World’s largest chip complex planned for Korea

A massive chip cluster costing 300 trillion won ($230 billion) will be built in Gyeonggi by 2042, the Korean government said Wednesday. The initiative is...

Grand bargain ends HYBE’s run at SM Entertainment

HYBE is walking away from the battle for SM Entertainment after an 11th hour meeting on Friday with representatives from the target and the...