HD Hyundai chief bolsters defense ties with Philippines

HD Hyundai Chairman Chung Ki-sun met with Gilberto Teodoro Jr., secretary of national defense of the Philippines, in Seoul on Monday to explore ways to deepen their strategic partnership across shipbuilding and naval defense. During the meeting, the two leaders reviewed a decade of defense ties and agreed to broaden cooperation aimed at modernizing the Philippine Navy and boosting the competitiveness of the local shipbuilding industry. Their defense ties dates back to 2016, when HD Hyundai Heavy

2026-09-08 14:40:16:00

Korea Zinc management gains edge ahead of key shareholder vote

Korea Zinc’s incumbent management appears to have gained an edge ahead of a crucial extraordinary shareholders meeting Wednesday, as major proxy advisers lined up behind the board-backed candidate for a key audit committee seat and a court rejected an attempt by MBK Partners and Young Poong to restrict the voting rights of Chair Choi Yun-birm and related parties. The shareholder meeting, set to take place at the Mondrian Seoul Itaewon in Yongsan-gu, Seoul, will elect four independent directors a

2026-09-08 07:56:51:00

Hur Sae-hong charts GS Caltex’s path beyond refining

Amid sweeping changes in global energy markets, GS Caltex Vice Chair Hur Sae-hong seeks to move South Korea’s energy and chemical company beyond its decades-old focus on refining volumes toward higher-value, lower-carbon businesses. Hur outlined his vision in McKinsey & Co.’s “Leading Asia” interview series and its centennial book, “Shapers & Founders: The Untold Stories of Asia’s Extraordinary Owner-CEOs.” He was featured alongside other Korean business leaders from companies including HD Hyund

2026-09-07 15:27:55:00

China pivot: Hyundai looks to exports, Toyota goes all in on EVs

China’s rise as an electric vehicle powerhouse is forcing global automakers to rewrite their playbooks. With its speed, tightly integrated supply chains and advanced battery ecosystem, the country is no longer simply the world’s largest EV market — it is where the industry’s next competitive rules are being set. For Asia’s two leading automakers, Hyundai Motor Group and Toyota, staying competitive in next-generation mobility increasingly depends on how they use China. Yet the two are placing mar

2026-09-07 14:40:23:00

SK Innovation to co-host Ulsan Forum on AI in manufacturing

SK Innovation will co-host the 2026 Ulsan Forum on Friday with the Ulsan Chamber of Commerce and Industry, focusing on driving artificial intelligence-based transformation in manufacturing and local innovation. According to the company Sunday, under the “Leading AX, Smart Life Ulsan” theme, the fifth Ulsan Forum will take place at the Ulsan Exhibition & Convention Center. Proposed in 2022 by SK Group Chairman Chey Tae-won for SK Innovation’s 60th anniversary, the forum has become the region’s fl

2026-09-06 13:45:58:00

Posco opens hundreds of entry-level jobs in AI push

Posco Group is hiring hundreds of entry-level employees across six affiliates and research units, putting AI and robotics talent at the center of its push to automate operations and build new growth engines. The recruitment drive covers about 60 roles spanning production, sales, safety and advanced technology, the group said Thursday. Participating organizations include Posco Holdings’ Future Technology Research Institute, Posco, Posco International, Posco DX, Posco E&C and the Research Institut

2026-09-03 18:00:48:00

Porsche Korea CEO to oversee Asia, Middle East

Porsche Korea CEO Mathias Busse will take charge of the German sports carmaker’s expanded Overseas region, covering key growth markets across Asia and the Middle East, while retaining his current role in Korea. Busse will become Porsche AG’s regional lead for Overseas on Oct. 1, Porsche Korea said Thursday. The appointment is part of a global sales overhaul that will reduce Porsche’s regional structure from five divisions to four. Germany will be folded into Europe, while North, Central and Sout

2026-09-03 13:49:20:00

Korean ground search team reaches Nepal base camp

A South Korean Disaster Relief Team (KDRT) deployed to flood-hit Nepal moved to its search base camp in Battar on Wednesday local time, advancing its timeline by a day to expedite rescue operations for missing Koreans. According to media reports, the 44-member team, led by Lee Kyu-ho -- head of the KDRT and director general for development cooperation at the Foreign Ministry -- arrived in Kathmandu earlier in the day. Lee noted the unit was originally scheduled to inspect potential base location

2026-09-02 20:03:21:00

Hyundai strike sends August sales to four-year low

Hyundai Motor’s global sales fell below 300,000 vehicles in August for the first time in more than four years after its first full-scale strike in a decade disrupted production. The setback also sharply narrowed the sales gap between Hyundai and smaller affiliate Kia. Hyundai said Tuesday that global sales dropped 14.2 percent year on year to 288,574 vehicles. Domestic sales plunged 41.1 percent to an 11-year low of 34,333 units. It was Hyundai’s first monthly domestic tally below 40,000 since F

2026-09-02 15:16:52:00

LG Energy Solution secures W2tr lithium carbonate deal with US supplier

LG Energy Solution said Tuesday it had signed a long-term supply agreement with US-based Smackover Lithium to secure lithium carbonate, strengthening its local battery material supply chain for the North American energy storage market. Beginning in 2029, LG Energy Solution will receive 8,000 metric tons of lithium carbonate annually for 10 years. The total 80,000-ton supply will provide enough cathode materials to manufacture batteries for approximately 1.8 million high-performance EVs capable o

2026-09-01 14:49:27:00