Korea settles dispute with US Westinghouse to cooperate in nuclear energy

Agreement expected to clear hurdle for Korea to successfully ink contract for Czech nuclear power plant bid Korea Hydro & Nuclear Power and Korea Electric Power Corp. have reached a settlement with Westinghouse, a US nuclear power firm, over an intellectual property dispute, bolstering the group's chances to successfully secure a contract with the Czech Republic to build two nuclear reactors there. According to the two Korean state-run energy companies on Friday, they decided to come to an agree

Jan. 17, 2025

Kia rolls out India-tailored SUV Syros

Korean automaker plans to expand new car’s availability across Asia Pacific, Latin America and Middle Eastern regions Kia has begun mass production of the Syros, a new sport utility vehicle specifically developed to fill the needs of customers in India, as the Korean automaker aims to expand its presence in the world’s third-largest auto market. According to Kia, the automaker held the rollout ceremony at its Anantapur plant in Andhra Pradesh, India, Thursday, following the world premiere of the

Jan. 17, 2025

[Photo News] Hankook Tire for racing

Hankook Tire & Technology announced a three-year partnership with the FIA World Rally Championship to become the sole tire supplier for every category during the racing competition's 2025 season. Through its partnership with the WRC, Hankook Tire now is one of only a few global tire brands to support two of the five major FIA world championships, including the FIA Formula E World Championship. This year's WRC will mark the first time for competing cars to be running on Hankook Tire products in i

Jan. 16, 2025

Doosan Skoda Power eyes IPO in Czech Republic

Doosan Enerbility subsidiary expected to serve as outpost for European nuclear power deals Doosan Skoda Power, the turbine subsidiary of Korean nuclear power plant builder Doosan Enerbility, is eyeing an initial public offering on the Prague stock exchange in the Czech Republic, as Doosan aims to score more overseas contracts amid rising demand for energy in Europe. Doosan Skoda Power held an intention-to-float, or ITF, meeting with local media and stakeholders of the related industry in Prague

Jan. 16, 2025

Decoding black box from Korea’s crashed airplane

A joint investigation between Korea and the United States has been underway to figure out what caused the deadly Jeju Air Boeing 737-800 crash that killed 179 passengers and crew at Muan International Airport in South Jeolla Province on Dec. 29 with only two survivors on board. Joint investigative team The two countries have put together a joint probe team of 12 investigators from Korea’s Aviation and Railway Accident Investigation Board, one official from the US Federal Aviation Administration,

Jan. 15, 2025

Global EV slump to persist in 2025: Hyundai think tank

Chinese auto brands projected to continue to gobble up global market share The worldwide stall in sales of battery electric vehicles is expected to continue this year as demand for better-performing and cost competitive hybrid and plug-in hybrid vehicles rises, Hyundai Motor Group's Business Intelligence Institute said Wednesday. “We can’t really see a momentum that can bring out the growth of the EV market this year,” said Yang Jin-soo, head of the mobility industry research lab at the intellig

Jan. 15, 2025

Audi to launch record-high 16 new models in Korea this year

German automaker aims to regain presence, boost sales in local market Audi will launch record-setting 16 new models in the Korean market this year, as the automaker looks to turn around its falling numbers, Audi Korea said Monday. “In 2025, Audi will introduce the largest number of new models in its history to the Korean market,“ said Steve Cloete, executive director of Audi Korea, who took the country branch’s top post in May last year, in a media roundtable at the Shilla Seoul. “In line with A

Jan. 13, 2025

[팟캐스트] (653) 한국 정치와 무속 신앙의 동행

진행자: 간형우, Devin Whiting Shamans and presidents: A history of strange intermixing in South Korean politics 기사 요약: 대통령 후보 시절 손에 '왕'자를 그렸던 윤석열 대통령. 한국 정치사에서 최고의 권력을 쥔 대통령들과 그들이 무속 신앙에 의존했던 방식. [1] For nearly two years leading up to suspended President Yoon Suk Yeol's sudden martial law declaration on Dec. 3, a former military intelligence chief reportedly visited a fortuneteller in Gunsan, North Jeolla Province. suspend: 정지하다 sudden: 갑작스러운 fortuneteller: 역술가 [2] Throughout the course of over 20 vis

Jan. 13, 2025

Hyundai Motor donates $1m to Trump’s inauguration

Korean automaker follows in footstep of GM, Ford and Toyota to safeguard interest Hyundai Motor has decided to donate $1 million to the upcoming inauguration of US President-elect Donald Trump as it seeks to bolster ties with the incoming leader looking to impose tariffs and strengthen protectionism. “Hyundai welcomes the opportunity to work with the new administration on policies that support American manufacturing, protect supply chains and spur innovation,” a Hyundai Motor spokesperson said S

Jan. 12, 2025

Hyundai Motor to invest largest-ever W24.3tr at home this year

Auto giant allocates almost half of investment to R&D Hyundai Motor Group on Thursday announced its largest-ever annual investment of 24.3 trillion won ($16.65 billion) in Korea to secure and advance key technologies while increasing its production capacity for electric vehicles. The Korean auto conglomerate’s financial commitment for this year increased by 3.9 trillion won, or 19 percent, from the previous year. Hyundai Motor said it decided to make the larger investment this year to overcome o

Jan. 9, 2025