Korea Zinc posts record Q2 profit on strong metals demand

Korea Zinc recorded its highest-ever operating profit in the second quarter of this year, mainly driven by robust demand for key metals. The company said Wednesday that its second-quarter sales revenue and operating profit jumped to 6.37 trillion won ($4.46 billion) and 587 billion won, respectively, rising 66.6 percent and 126.8 percent from a year earlier. Korea Zinc also marked its 106th consecutive quarter of operating profit since the company began mandatory quarterly earnings disclosures.

2026-08-05 17:59:58:00

Autonomous A2Z wins W11b UAE self-driving deal

Autonomous A2Z has signed an 11 billion won ($7.7 million) export deal with Space42, a UAE-based artificial intelligence company, to supply its autonomous driving vehicles and full-stack solutions, expanding its footprint in the UAE’s smart mobility market. According to the company Tuesday, the two parties will collaborate on the Smart Mobility Convergence Project, aimed at deploying autonomous vehicles by Autonomous A2Z’s technology. This includes eight units of the company’s Level 4 driverless

2026-08-04 18:10:14:00

Strikes drag Hyundai’s July sales as Kia extends gains

Hyundai Motor Co. reported weaker sales in July as an ongoing labor dispute disrupted production, making it the only major South Korean automaker to cite a strike as a key factor behind its sales decline. Hyundai Motor said Monday it sold 318,454 vehicles worldwide in July, down 5.1 percent from the previous year. Domestic sales fell sharply by 14.4 percent to 48,113 units and overseas sales dropped 3.2 percent to 270,341 units. A company official said, “July sales were impacted by a slowdown in

2026-08-04 14:39:28:00

Hyundai, Kia set US July sales record as hybrids surge

Hyundai Motor Group posted record US sales in July as surging demand for hybrids offset a steep decline in electric-vehicle sales. Hyundai Motor and Kia sold a combined 165,284 vehicles in the US last month, up 5 percent from a year earlier, the group said Monday. Both automakers set July sales records. Hyundai’s sales, including its luxury Genesis brand, rose 3.7 percent to 89,427 units, while Kia’s increased by 6.7 percent to 75,857. Hyundai’s Tucson was its bestselling model, with sales risin

2026-08-03 14:33:03:00

Australia’s Northern Territory courts Korean investment in gas, AI

DARWIN, Australia — Australia’s Northern Territory is courting Korean investment in shale gas, critical minerals and AI data centers, seeking to leverage its natural resources and proximity to Asia as a new growth engine. More than 160 business leaders and investors from 12 countries gathered in Darwin, Australia, on July 15 for the second Northern Territory Investment Summit. Representatives from SK Innovation E&S, Posco and Samsung C&T attended to explore potential partnerships. Central to the

2026-07-27 14:26:39:00

Korea’s resource hunt moves beyond China

ALICE SPRINGS/DARWIN, Australia — China's tightened grip on critical mineral exports has pushed Korean industrial groups to look to Australia’s Northern Territory for alternative supplies of rare earths and natural gas. China controls as much as 90 percent of global rare earth refining, leaving manufacturers exposed to Beijing’s export restrictions. Hyundai Motor Group, SK Innovation E&S and Posco International are now exploring projects stretching from a rare earths deposit near Alice Springs t

2026-07-27 14:25:03:00

Hyundai Motor union to resume partial strikes as wage negotiations stall

Hyundai Motor Co.’s labor union has decided to stage another round of partial strikes next week after failing to reach a wage agreement with management. The union said Thursday that its central strike committee had decided to hold four-hour walkouts each day from July 29 to 31. This follows two earlier rounds of strikes, with workers walking out for two hours a day from July 13 to 15 and for four hours a day from July 20 to 22. The union opted for additional strikes after negotiations with manag

2026-07-23 21:56:07:00

Police raid Andong City Hall after flood sweeps away wildfire housing

Police said Thursday it raided Andong City Hall as part of an investigation into alleged corruption in the procurement of temporary housing for the region’s wildfire victims. North Gyeongsang Provincial Police Agency’s anti-corruption investigators searched the city’s construction department, seizing computers and related documents to examine the allegations. The investigation comes after several temporary homes provided to Andong wildfire victims were swept away by flood during heavy rain last

2026-07-23 21:36:44:00

Foreign Ministry to change diplomats’ email addresses after data leak

South Korea’s Ministry of Foreign Affairs is set to change the email addresses of its diplomats after a cyberattack on the Korea National Diplomatic Academy (KNDA) exposed some of the personal information of all of its diplomats. According to industry sources on Thursday, the ministry is reviewing the timing, scope and implementation details of replacing its diplomats’ email addresses following a major security breach. Carried out over a 10-month period between April last year and February this

2026-07-23 20:25:13:00

Renault Korea puts summer comfort at heart of Filante

Renault Korea said Thursday it has expanded the summer comfort features of its flagship crossover Filante, introducing a powered sunshade for the panoramic glass roof as demand grows for cooler, more comfortable cabins. The move reflects a broader industry trend, with automakers increasingly emphasizing cabin comfort — from climate control and ventilated seats to noise reduction and ride quality — as hotter summers reshape consumer expectations and vehicles evolve into more comfortable spaces. D

2026-07-23 15:35:14:00