The Purple Road

Earnings Hyundai Motor posts solid Q1; rough road ahead on Trump's auto tariffs

South Korea’s top automaker Hyundai Motor Co. defied mounting global trade headwinds and a fresh round of US import tariffs to deliver record ...

Automobiles Genesis premieres premium electric off-road SUV X Gran Equator Concept

NEW YORK – Genesis, the luxury brand of South Korea’s top automaker Hyundai Motor Co., has premiered its first electric off-roader conce...

Artificial intelligence KT unveils photos of Canadian fall destinations using GenAI

KT Corp. unveiled on Monday the Canadian edition of Genie TV's AI Travel View, which was created using generative artificial intelligence technology...

Korean games NCSOFT distributes four Sony game titles in S.Korea

South Korea’s gaming giant NCSOFT Corp. will distribute four popular titles in South Korea through a partnership with Sony Interactive Enterta...

Construction HD Hyundai Infracore to supply construction equipment to Saudi Arabia

South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...

Banking & Finance Korea Eximbank provides $810 mn credit to Bangladesh

The Export-Import Bank of Korea (Eximbank) announced on Sunday that it will provide a credit of $810 million for the construction of the Karnaphuli ...

Banking & Finance Korea Eximbank provides $120 mn credit to Cambodia

The Export-Import Bank of Korea (Eximbank) said on Friday that it signed an agreement with the Ministry of Finance of Cambodia to provide a foreign ...

Electric vehicles Polestar 4 electric SUV coupe to hit South Korean roads in June

The Polestar 4 electric sport utility vehicle (SUV) coupe is set to make its debut in South Korea in June and targets deliveries from October, Swedi...

Korean startups AI, SaaS rule October D.Day with Amber Road snagging top spot

Amber Road won this month’s D.Day, South Korea’s oldest monthly startup pitch competition held on Thursday, with its artificial intellig...

Artificial intelligence POSCO DX develops AI-based roadkill prevention system

POSCO DX Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc. announced on Wednesday it developed an artificial intelligen...

Travel & Leisure S.Korean travel guide featuring BTS published

The Korea Economic Daily (KED) on Tuesday released The Purple Road, a tourist guide of South Korea highlighting places where the seven members of ...

Aerospace & Defense LIG Nex1 participates in drone road show in Riyadh

South Korean leading defense company LIG Nex1 Co. took part in a drone-focused workshop "2023 Korea-Saudi Arabia Drone Road Show" in Riyadh, Saudi A...

Aerospace & Defense Hanwha Aerospace, KAIST to jointly develop off-road self-driving techs

South Korea's Hanwha Aerospace Co. and the Korea Advanced Institute of Science and Technology (KAIST) have launched a joint project to develop off-r...

Batteries Road near SK On’s US plant in Georgia named SK Blvd

South Korean battery maker SK On announced on Thursday that a road near its US corporation, SK Battery America's (SKBA) site, has been renamed "SK...

ESG SK’s Tmap enhances ESG efforts by navigating lowest-carbon routes

South Korea’s leading mobility platform Tmap Mobility Co. has stepped up its environmental, social and governance (ESG) efforts via its naviga...

Electric vehicles Polestar 3 to light up roads with headlamps of LG’s ZKW

The Polestar 3, an all-electric mid-sized sport utility vehicle, will be equipped with high-definition light-emitting diode (HD LED) headlights deve...

Automobiles Hyundai Mobis develops high-tech headlamp to prevent accidents at night

South Korea's automotive parts company Hyundai Mobis on Thursday announced its development of the HD Lighting System, a next-generation vehicle head...

Automobiles Hyundai Mobis test-drives 'crab walking car' on public roads

South Korea's Hyundai Mobis has verified through test-drives of a demonstration vehicle on public roads the real-life use of the company's e-corner ...

Mergers & Acquisitions Luxury watchmaker Hublot buys Korean ceramic supplier Ecco

Hublot, a Swiss watchmaker under global luxury giant LVMH Moët Hennessy Louis Vuitton, has taken over South Korean ceramic manufacturer Ecco Wa...

Korean startups Smart transportation solution provider Alt-A enlists pre-Series A funding

Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...

Automobiles Self-driving bus running on main roads launched for first time in S.Korea

South Korea in a first for the country has launched self-driving buses running on bus rapid transit (BRT) routes.The Ministry of Land, Infrastructur...

Automobiles Nexen Tire develops AI-based tech for road surface detection

Nexen Tire Corp. on Monday said it developed technology for road surface detection and analysis of tire braking distance using artificial intelligen...

RFPs Korean Presbyterian pension to tap GPs for alternative assets, equity

Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...

Economy Weakening won: A double-edged sword for the Korean economy

A weakening won is usually a bonus for the South Korean economy as it strengthens the export-dependent country’s price competitiveness in over...

Earnings LG Elec. sees tough road ahead after record earnings in Q1

LG Electronics Inc., the world’s top home appliances maker, expects business conditions to deteriorate in the second quarter amid higher costs...

Chief Executives Kurly CEO Sophie Kim on the road less traveled 

Kurly Inc. CEO Sophie Kim had her first quarrel with her husband while waiting two hours in line to get into the parking lot of Costco.Reminiscing...

Alternative investments Korean investors inject $1.2 bn in Australian PPP

Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...

Pension funds KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

Mergers & Acquisitions Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

US-listed chipmaker Magnachip Semiconductor Corp. and Chinese private equity firm Wise Road Capital terminated their $1.4 billion buyout agreement...

Energy US, Korea approve nuclear fuel recycle technology

Authoritie of the United States and South Korea officially endorsed the results of a joint research on Pyro-SFR, a cutting-edge technology that re...