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Pension funds NPS gears up for investment overhaul with boost in risk assets

South Korea’s National Pension Service (NPS), the country’s largest institutional investor, is set to overhaul its investment strategy w...

Corporate strategy Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...

Economy South Korea welcomes more babies after downward birth rate spiral

South Korea’s fertility rate bounced back last year for the first time in nearly a decade following a surge in marriages, raising hopes for a ...

Retail E-Land manages New Balance’s record $689 mn in Korean sales

South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...

Automobiles Hyundai, Kia on course for record 2024 US sales, led by SUVs, hybrids

South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales surge in November, driven by large SUVs, hybrids and ...

Artificial intelligence SK Telecom unveils AI personal agent Aster for global users

SK Telecom Co. on Tuesday unveiled an AI-driven personal assistant Aster (A*) that understands users' intentions and goes beyond answering simple qu...

Banking & Finance Korean pension subscribers show ultra-low risk tolerance

South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...

Automobiles Hyundai Motor Group, Oxford Univ. establish Foresight Center

Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...

Banking & Finance Samsung Asset's KODEX ETF surpasses $43 bn in net assets

South Korea's Samsung Asset Management announced on Monday that the net assets of its KODEX exchange-traded fund (ETF) have surpassed 60 trillion ...

Future mobility Hyundai Motor to set up software R&D center in Silicon Valley

Hyundai Motor Group, the world’s third-largest carmaker, is set to establish a software research center in Silicon Valley as software is becom...

ESG Samsung launches CSR mobile magazine

Samsung Electronics Co. announced on Monday that it launched the Samsung CSR Mobile Magazine, an online webzine dedicated to highlighting the compan...

Automobiles Hyundai launches the ST1, its 1st electric work van with futuristic styling

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is launching the ST1, its first fully electric work van that can be retrofi...

Energy Growing controversy over call to share profits for using wind energy

Renewable energy companies in South Korea are facing growing pressure to share their profits from wind or solar energy electricity generation, stirr...

Automobiles LG, Hyundai seek to deepen vehicle system partnership

LG Group units, including LG Electronics Inc. and LG Innotek Co., are in talks with Hyundai Motor Group to expand collaboration on vehicle systems, ...

Korean innovators at CES 2024 Hyundai’s 42dot, Samsung to develop AI-powered SDV platform

LAS VEGAS – Hyundai Motor Group’s self-driving technology unit 42dot Inc. will develop an artificial intelligence-powered software-defin...

Retail Korea’s Gmarket poised to post 1st profit since Shinsegae’s takeover

Gmarket, a major e-commerce website based in South Korea, likely turned to profit in the fourth quarter of last year, which would mark the first tim...

Future mobility 42dot to lead Hyundai Group's in-vehicle software R&D

Hyundai Motor Group’s self-driving technology arm 42dot Inc. will absorb the electronics, infotainment and autonomous driving technology divis...

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 Hyundai partners with 5 universities for carbon neutrality center

In a bid to accelerate the development of carbon-neutral technologies, Hyundai Motor Group has joined forces with prominent domestic universities.Th...

Economy Samsung Electronics creates $216 bn social wealth in 2022

Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...

Carbon neutrality Kakao unveils index on user contributions to environment

South Korea's mobile platform company Kakao Corp. on the occasion of World Environment Day on Monday unveiled on its website figures from the Kaka...

Automobiles Hyundai Motor, Kia invest $746.3 billion more in 42dot

Hyundai Motor Co. and Kia Corp. will inject 1 trillion won ($746.3 billion) of funds into 42dot, a self-driving vehicle subsidiary of Hyundai Moto...

Robotics Hyundai donates medical wearable robot to support rehabilitation

Hyundai Motor Co. donated on Wednesday two medical wearable robots to Asan Medical Center in the south of Seoul for "gait rehabilitation robot thera...

Companies HD Hyundai opens free in-house daycare center for up to 300 children

HD Hyundai Co., the owner of South Korea’s biggest shipbuilding group, opened an in-house daycare center at its new headquarters building in K...

Automobiles Hyundai Motor offers Bluelink free to new customers in US

Hyundai Motor Co. in a world first is offering lifetime membership of its connected car care service Bluelink free to new customers in the US, judgi...

Chemical Industry Aekyung commences mass production of eco-friendly plasticizers

Aekyung Chemical, an affiliate of South Korea's Aekyung Group, has begun mass-producing eco-friendly plasticizers derived from recycled waste plasti...

Carbon neutrality Samsung Electronics' life cycle assessment gauges CO2 emission impact from chips

Samsung Electronics Co. on Monday said it set up a life cycle assessment (LCA) methodology for semiconductors to achieve carbon neutrality by 2050.T...

ESG SK Chemicals obtains highest ESG rating among listed companies

SK Chemicals obtained the highest grade in a recent ESG (environmental, social, and governance) rating evaluation of 1,033 listed companies, the com...

Chemical Industry Polysilicon maker OCI to spin off its major chemical units

OCI Co., South Korea’s lone polysilicon producer, is set to spin off its chemical units and transform itself into a holding company.On Wednesd...

Earnings HD Hyundai’s machinery units post profits despite slump in China

HD Hyundai Co., the holding company of South Korea’s Hyundai Heavy Industries Group, saw its two construction equipment affiliates post strong...