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Electric vehicles BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling impo...

Batteries SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate

SK On Co., the battery subsidiary of South Korea’s energy conglomerate SK Group, has signed a supply agreement worth an estimated 4 trillion w...

Electric vehicles BYD to debut passenger EVs in South Korea in 2025

China’s electric vehicle giant BYD Co. will debut in the South Korean passenger car market next year with premium models in hopes of becoming ...

Electric vehicles Hyundai, Kia’s H1 vehicle sales in Singapore double

South Korea’s top automaker Hyundai Motor Group said on Sunday its vehicle sales in Singapore, a high-tech innovation hub, more than doubled i...

Energy Doosan Enerbility defies doubters about homegrown gas turbines

Doosan Enerbility Co., a leading power plant engineering company in South Korea, has defied doubters about its gas turbines, the first produced at h...

Automobiles Nexen Tire N'FERA Supreme surpasses 1 mn sales

South Korea’s Nexen Tire Corp. said on Sunday its premium high-performance all-season tire N’FERA Supreme has exceeded 1 million cumulat...

Automobiles The new Kia K8: A high-tech, modern and innovative sedan

South Korea’s second-largest automaker Kia Corp. on Friday unveiled a new K8 large-size sedan, its first drastic facelift in three years.Kia, ...

Automobiles Hyundai Motor unveils Genesis G90 Black

Hyundai Motor Co. announced on Thursday that its premium brand Genesis launched the Genesis G90 Black, the highest trim of its premium brand of Gene...

Automobiles BMW unveils PHEV sedan New 530e in S.Korea

BMW Korea announced on Tuesday that it unveiled the plug-in hybrid (PHEV) sedan model The New 530e in the domestic market. According to BMW Kor...

Electric vehicles Hyundai Motor Group in test run of dedicated EV plant in Korea

Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...

Construction POSCO E&C develops solution for detecting wall cracks by drones

South Korea's POSCO E&C has developed a solution for apartment exterior wall maintenance using drones.The company announced on Tuesday that it h...

Automobiles Hyundai Motor reveals facelift of G80 sedan

Hyundai Motor Co.'s premium brand Genesis released a facelift of its signature large sedan G80 on Tuesday. This car is the revamped third-generatio...

Automobiles Grandeur regains Korean sedan crown after two-year hiatus

Hyundai Motor Co.'s Grandeur mid-to-large-sized sedan is poised to reclaim its crown as the best-selling Korean car in the domestic passenger car se...

Foreign exchange S.Korea, Japan seal 3-year $10 bn currency swap deal

South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...

Automobiles Kia reveals facelift of midsize sedan K5

Kia Corp. unveils the new K5, a facelift model of its signature midsize sedan K5. This car is the revamped of third-generation K5, launched in 2019....

Construction Samsung C&T to join Indonesia's smart city project

South Korea's Samsung C&T Corp. announced on Friday that it has signed a memorandum of understanding (MOU) with Indonesia's premier real estate ...

Energy Hyundai Steel's offshore wind power plant gets int’l certification

South Korea’s Hyundai Steel on Wednesday said its Ulsan Factory 2 in the southern coastal city of Ulsan received certification as an offshore ...

Automobiles Hyundai to boost Palisade, Tucson output at the cost of sedans

Hyundai Motor Co. is preparing to ramp up the production of its two popular SUV models Tucson and Palisade at its South Korea-based plants to meet g...

Chemical Industry KCC boosts output of semiconductor-sealing material

South Korean chemical and auto parts maker KCC Corp. is expanding its production lines for the semiconductor-sealing material epoxy molding compound...

Carbon neutrality Samsung Biologics receives Terra Carta Seal

Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it was awarded the Sustainable Markets Initiative’s Ter...

Automobiles 11 Hyundai Motor Group products receive US' Good Design Awards

Hyundai Motor Group on Wednesday said 11 of its products won honors at this year's Good Design Awards of the US.The honors are jointly selected by t...

Automobiles Genesis electrified G80 receives highest grade in IIHS crash test

Hyundai Motor Co. said on Wednesday that its G80 electric vehicle model received the highest rating of Top Safety Pick Plus (TSP+) in a crash test d...

Batteries Leaders of Samsung, BMW discuss bolstering EV battery partnership

Samsung Electronics Chairman Jay Y. Lee met with the Chairman of the Management Board of BMW Group Oliver Zipse on Saturday to discuss ways to deepe...

Electric vehicles Hyundai’s IONIQ 6 travels faster, farther than Tesla Model Y, Mercedes EQS

BUSAN – Hyundai Motor Co. has launched the IONIQ 6, its first fully electric sedan, which it claims runs faster and boasts a longer range than...

Mergers & Acquisitions Korea Zinc buys US e-waste recycling firm for $332 mn

Korea Zinc, the world’s largest lead and zinc smelter, agreed to buy a majority stake in a US-based electronic waste recycling company for $33...

Electric vehicles Hyundai to debut IONIQ 6 in July to rival Tesla Model 3

Hyundai Motor Co. will unveil the much-anticipated IONIQ 6, its first all-electric sedan on an exclusive EV platform, in July, to compete with the l...

Mergers & Acquisitions Bain Capital seals 3rd beauty M&A deal in S.Korea

Bain Capital on Thursday agreed to buy a majority stake in South Korea's medical aesthetic device manufacturer Classys Inc. for 670 billion won ($56...

Electric vehicles Hyundai Motor to launch six EV models in India by 2028

South Korea's Hyundai Motor Co. will spend 40 billion rupees ($530 million) on research and development to launch six electric vehicle models in Ind...

Automobiles Hyundai offers first peek of redesigned premium Genesis sedan G90

Hyundai Motor Co. on Tuesday unveiled exterior images of the new G90, a full model change version of the flagship sedan under its standalone premium...

Food & Beverage Next K-wave in Asia: Convenience stores

When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...