Korean shipbuilding conglomerate, Bill Gates-founded nuclear energy firm to speed up large-scale commercialization of Natrium plants HD Hyundai and TerraPower have joined hands to bolster the global manufacturing supply chain for the latter’s Natrium reactors and accelerate the commercialization of advanced nuclear power technology, the two companies announced Wednesday. According to the announcement, the collaboration will combine HD Hyundai Heavy Industries’ manufacturing expertise with TerraP

Washington touts tariff wins based on reports of global firms considering bolstering production in US The White House has listed Samsung, LG and Hyundai Motor Company as examples of US President Donald Trump’s tariffs' success, promoting Washington’s America-first policy to impose 25 percent tariffs on Canada and Mexico and upcoming tariffs on other countries that may include South Korea. “President Donald J. Trump’s tariffs are already working as more and more companies look at ‘expanding their

Czech Republic Ambassador to South Korea Ivan Jancarek (left) honors Hyundai Motor Group Executive Chair Chung Euisun with recognition from the Czech government for "service to diplomacy" at the Korean auto conglomerate's headquarters in Seoul on Monday. Hyundai Motor established a manufacturing plant in Nosovice, the Czech Republic, in 2008, as its European production foothold. The factory can produce up to 300,000 vehicles per year. (Ambassador Ivan Jancarek's X post)

Automaker participates in Korea-Japan parliamentary meeting to discuss collaboration in clean energy sector Hyundai Motor is taking part in the Korea-Japan parliamentary association’s visit in Japan this week to establish a hydrogen network and activate hydrogen exchanges and collaboration, the Korean automaker said Monday. Hyundai Motor pointed out that it plans to set up hydrogen partnerships in Japan through this event as the two countries look to build an ecosystem for the hydrogen industry

Korean defense conglomerate to complete full lineup of uncrewed ground vehicles by 2028 Hanwha Group, South Korea’s seventh largest conglomerate, has unveiled its roadmap to advance defense solutions based on artificial intelligence and autonomous technologies to lead the future battlefields. According to Hanwha on Sunday, the conglomerate’s three defense affiliates ― Hanwha Aerospace, Hanwha Ocean and Hanwha Systems ― presented the current status and future roadmap of their unmanned weapons sys

Hyundai Motor is ramping up its autonomous driving capabilities in the United States, partnering with Texas-based startup Avride to co-develop and operate fully self-driving vehicles. According to Avride on Thursday, the two sides signed a memorandum of understanding to leverage Hyundai Motor’s electric vehicle platform technology with its flagship EV Ioniq 5 and Avride’s autonomous driving technology to advance future mobility such as robotaxis and autonomous delivery services. Avride has alrea

Battery maker in talks with auto brands to secure orders for newest products SK On has completed the development of prismatic and 46-series cylindrical battery cells, the Korean battery maker’s head of research and development division said Wednesday. “We are trying our best to speed up the process of mass production for (the prismatic batteries) right now,” Park Ki-soo, head of SK On’s R&D division, told reporters at the 2025 InterBattery exhibition at Coex in Seoul. “We are in talks with clien

At Hyundai Motor Group, plans have been in the works for over a decade to build the Global Business Complex -- a set of skyscrapers that would serve as the global auto conglomerate’s new headquarters -- in southern Seoul’s wealthy Gangnam district. But that dream has not yet been realized as the Seoul Metropolitan Government and Hyundai Motor have been unable to reach an agreement on the GBC construction plan, repeatedly going back and forth with new proposals and demands. Here’s how the tug-of-

The stock prices of Korean defense firms have been battered in recent days, as concerns grow that the fallout of President Yoon Suk Yeol’s martial law declaration could harm the outlook for the country’s defense industry. Shares of Hanwha Aerospace closed at 298,000 won ($209) on Friday, down about 12 percent from Tuesday's close. Yoon declared martial law on Tuesday night, prompting the National Assembly to pass the motion to dismiss the martial law decree early Wednesday. Shar

Hyundai Motor’s premium brand Genesis has officially announced its entrance into motor sports by launching its team Genesis Magma Racing and a prototype of its racing car, pinpointing the brand’s broader vision to redefine luxury. Laying out a fresh vision for the future of the brand’s high-performance motor sports cars, Genesis unveiled the GMR-001 Hypercar, a high-performance prototype that dons its design philosophy of athletic elegance during the world premiere held at the

Korea’s leading conglomerates are keeping close tabs on the aftermath of the country’s first martial law declaration since 1979 as they look to minimize potential damage from the political rift. According to industry officials on Wednesday, executives at Samsung affiliates gathered throughout the night to determine a response after President Yoon Suk Yeol declared martial law at around 10:20 p.m. Tuesday. Samsung officials held emergency meetings the following morning. SK has been cl

LG Energy Solution announced Tuesday that it is considering acquiring General Motors’ stake in their joint venture battery plant in Michigan. “LG Energy Solution is reviewing the acquisition of the Ultium Cells plant 3 in Lansing to improve investment and operational efficiency and maximize operating rates of plants in North America," the Korean battery maker said in a statement. GM revealed Monday that it plans to sell its stake in the Michigan battery plant to the Korean partn

Spotting an electric vehicle on the road in Korea is not a rare sight nowadays as the country’s EV penetration rate has reached nearly 10 percent. But that is a still long way off China, where more than half of all newly sold vehicles there run on battery. BYD, a Chinese and world EV leader, is gearing up to make its debut in the Korean passenger vehicle market in January next year. To the Korean government and auto brands, this should serve less as a nudge to speed up the EV transition an

An automotive industry study has found that American buyers of Hyundai Motor and Kia electric vehicles are less likely to have chosen the Korean EVs based on the US government’s tax benefits, raising hopes for the Korean automakers as they gear up for a second Donald Trump administration next year. According to a study published by US auto industry research firm J.D. Power last week, only 32 percent of Hyundai buyers and 24 percent of Kia buyers selected tax credits and incentives as a pri

진행자: 간형우, Chelsea Proctor ‘BYD will set no sales target in Korean debut year’ 기사 요약: 류쉐량 BYD 아시아태평양 영업사업부 사장 “내년 한국 출시 첫 해 판매 목표량 세우지 않을 것” [1] Chinese electric vehicle maker BYD will not focus on sales volume when it debuts in the Korean passenger car market early next year, the EV giant’s Asia Pacific head says. passenger car: 승용차 [2] “We will not set a sales target for our first year (in Korea), “said Liu Xueliang, general manager of BYD Asia Pacifi