LG Electronics Inc. said Monday it will show off the real-life version of its futuristic self-driving vehicle next month. The LG Omnipod, a mobility concept solution that can serve as "a home office, an entertainment center or even a lounge," will be on display at a mobility fair at the COEX convention center in southern Seoul on Feb. 10. The self-driving home on wheels is fitted with LG home a...

Jeju Air Co., South Korea's biggest low-cost carrier, said Monday it will adopt a cargo plane for the first time among local LCCs to ride out the prolonged COVID-19 pandemic. Jeju Air plans to begin operating a cargo plane in the first half of this year to offset a sharply declined passenger travel demand amid the pandemic, the company said in a statement. Korean Air Lines Co. and Asiana Airlin...

Doosan Heavy Industries & Construction Co., a South Korean plant builder, said Monday its German subsidiary has received a 160 billion-won ($134 million) order for a waste processing plant in Germany. Doosan Lentjes obtained the order from MHKW Wiesbaden GmbH to build a waste-to-energy plant in Wiesbaden, Germany, by 2024, the company said in a statement. Doosan Heavy said it aims to win more w...

Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Monday it has opened the Busan-Saipan route following a travel bubble agreement. On Sunday, Air Busan began to offer one flight per week on the Saipan route to preemptively respond to pent-up travel demand amid rising vaccinations and eased virus curbs, the company said in a statement. A travel bubble refers to a quarantine-free...

The upgraded pickup houses a maximum of 202 horsepower with an improved engine and up to 45 kilogram-meters of torque to rhythmically drive the 2.2-ton vehicle. Road noise did seep into the car while driving on the rough road, but it was a similar level compared to driving a midsize sedan. SsangYong said it has reduced engine noise and made it easier to navigate rough road surfaces with the quad...

Almost 90 percent of South Korean companies are unprepared for supply chain risks even though they are aware that those risks will continue this year. According to a survey by the Korea Chamber of Commerce and Industry published on Sunday, among 300 companies that import raw materials, only 9.4 percent said they have prepared specific measures to respond to potential supply chain constraints, wh...

South Korea's air traffic rose nearly 11 percent last year on increased domestic flights but international travel continued to falter amid the pandemic, data showed Sunday. Over 465,000 domestic and international flights flew over South Korea last year, up 10.8 percent from a year earlier, according to data from the Ministry of Land, Infrastructure and Transport. Air traffic in the country had ...

Exports by companies in South Korea's free trade zones grew 89.6 percent on-year to hit an all-time high last year, the industry ministry said Sunday. Outbound shipments came to $10.94 billion, surpassing the $10 billion mark for the first time ever, according to the data from the Ministry of Trade, Industry and Energy. The growth is attributable to strong demand for electric and electronic goo...

Lotte Corp., the holding company of South Korean retail giant Lotte Group, said Friday it has acquired an entire stake of Ministop Korea Co. for 313.37 billion won ($263 million). Under the deal, Lotte will take over 2,600 Ministop convenience store outlets across the country and 12 logistics centers to strengthen its retail business, the company said in a statement. Lotte operates the country'...

Audi, BMW and five other companies will voluntarily recall more than 29,000 vehicles to fix faulty components, the transport ministry said Friday. This is the latest in a series of recalls by carmakers operating in South Korea due to problems with vehicle components. The seven companies, including Stellantis Korea, Honda Motor Co., Tesla Korea, MAN Truck & Bus Korea and Hyundai Motor Co., are r...

Hyundai Motor said Thursday it has partnered with US quantum computer firm IonQ to develop next-generation batteries for cars. The partnership will allow Hyundai to use IonQ’s quantum computers to develop high-performance lithium batteries with better energy efficiency at lower costs. According to the carmaker, quantum-powered chemistry simulation is expected to significantly enhance the qualit...

Lotte Confectionery said Thursday it will invest 34 billion won ($28.5 million) in its Russian subsidiary, Lotte KF RUS, looking to scale up the local production of its popular Choco Pie chocolate cakes in the country. The Koreans’ staple chocolate snack enjoys nation-wide popularity in Russia, as it tapped into the country’s tea culture that pairs hot beverage with biscuit-type sweets. The pie ...

Hyundai Glovis, Hyundai Motor Group’s logistics arm, said Thursday that it has launched Autobell, an online platform for used car sales and purchase, to diversify its business portfolio. Hyundai Glovis has been operating a used car business since 2001, mostly focused on B2B sales of secondhand cars through auctions. Its parent company Hyundai Motor sought to enter the certified used car market ...

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday it has named Nam Koong-whon as its new CEO following the resignations of two former nominees. Kakao said its board of directors accepted the resignation of incumbent co-CEO Yeo Min-soo, who was earlier named to lead the tech giant for another four years. Nam, who has served as the chief of Kakao's new organ...