LS Electric forms joint venture for power infrastructure in Taiwan

LS Electric has signed an agreement with Nanya Plastics and KHI, affiliates of Formosa Plastics Group, to establish a joint venture for power infrastructure in Taiwan. The signing ceremony, held Tuesday at LS Yongsan Tower in Seoul, was attended by LS Electric Chairman Koo Ja-kyun, Formosa Plastics Group Chairman Wang Jui-yu, Nanya Plastics Senior Executive Vice President Chen Yu-sheng and KHI CEO Park Dong-sub. LS Electric will hold a 50 percent stake in the venture, with Nanya Plastics and KHI

2026-10-07 10:48:24:00

LG to supply digital cockpit for Renault’s new electric van

LG Electronics will supply an integrated digital cockpit for Renault Group’s new Trafic Van E-Tech Electric, expanding its automotive technology business as manufacturers shift to software-defined vehicles. The electric van, named the 2027 International Van of the Year, is Europe’s first commercial software-defined vehicle, according to LG. LG’s cockpit combines a digital instrument cluster and infotainment system, bringing driving information, navigation and media functions into a unified inter

2026-10-06 11:49:56:00

Musinsa expands Japanese fashion offerings with Korean pop-up

Musinsa will host Japanese fashion platform Zozotown’s first pop-up in Korea this month, bringing 15 Japanese brands to Seoul as the partners expand their cross-border business. The event will run from Oct. 16 to 31 at Musinsa Store Seongsu in Seongsu-dong, featuring brands including Beauty&Youth United Arrows, Snidel, Urban Research and WYM LIDNM. Musinsa said it will use the pop-up to assess Korean demand for Japanese labels, linking the physical showcase with online shopping so visitors can b

2026-10-06 11:41:55:00

Boston Dynamics gives Atlas humanoid new four-finger hand for complex industrial tasks

Boston Dynamics, the robotics arm of Hyundai Motor Group, unveiled a robot hand with four fingers on Thursday. The hand was developed to help its humanoid robot Atlas perform continuous and complex tasks. Humanoid robots are expected to work in spaces and use tools designed for humans, making versatility and flexibility important. Robotic hands are a key component in the capability. The new hand has 13 degrees of freedom across four fingers, with four in the thumb and three in each of the other

2026-10-02 13:15:00:00

HD Hyundai Heavy secures Taean offshore substation contract

HD Hyundai Heavy Industries has secured a contract to build an offshore substation for the Taean offshore wind farm, expanding its presence in the renewable energy sector. The company signed the deal Friday with Taean Wind Power for engineering, procurement, manufacturing, installation and commissioning. The signing ceremony was attended by Won Kwang-shik, head of HD Hyundai Heavy Industries’ Offshore Energy Business Division, and Clement Helbig de Balzac, CEO of the Taean Wind Power project. Ta

2026-10-02 10:54:50:00

Cho Hyun-joon sees bio-materials powering Hyosung’s next century

Hyosung TNC has begun commercial production at a $1 billion bio-BDO plant in Ho Chi Minh City, Vietnam, completing an integrated supply chain that turns sugarcane-based raw materials into spandex. The plant can produce 50,000 tons annually, with infrastructure in place to expand capacity to 200,000 tons as demand grows, the Korean spandex maker said. The chemical bio-BDO is made by fermenting sugars extracted from sugarcane, replacing fossil-based feedstocks used in conventional BDO production.

2026-10-01 14:31:53:00

Lotte expands financial, export support for partners

Lotte is expanding financial and overseas marketing support for its partner companies, helping ease cash-flow pressures and connect smaller businesses with international buyers. Ahead of Chuseok, 27 Lotte affiliates paid 949.5 billion won ($698 million) to about 12,000 suppliers an average of eight days early. The group has made early payments before major holidays since 2013. Lotte also operates a 1 trillion won fund to help partners secure working capital. It said it was the first major Korean

2026-10-01 11:12:14:00

GS Entec to supply 37 monopiles for Taean wind project

GS Entec, a subsidiary of GS Global, will supply 37 monopiles for the 504-megawatt Taean offshore wind farm off the coast of Taean, South Chungcheong Province. Under a contract signed Wednesday at the Seoul headquarters of Taean Wind Power, GS Entec will begin production in July 2027 and complete deliveries by the end of August 2028. Monopiles are cylindrical steel foundations that support offshore wind turbines and towers. They can be used in waters up to about 50 meters deep and are generally

2026-10-01 11:02:09:00

GS E&C completes land-based salmon farming trial

GS Engineering & Construction has completed a trial of its land-based Atlantic salmon farming operation, using its water treatment technology to build expertise for future aquaculture projects. Its subsidiary Eco Aquafarm marked the milestone with a ceremony at the Busan Smart Aquaculture Cluster in Gijang County on Wednesday. GS E&C CEO Huh Yoon-hong attended alongside officials from the Ministry of Oceans and Fisheries and the Busan Metropolitan Government. Eco Aquafarm has managed the full pr

2026-09-30 17:16:07:00

Hanwha Aerospace advances reusable launch vehicle technology

Hanwha Aerospace has begun assembling a reusable launch vehicle demonstrator as part of a project to secure key technologies needed to reuse rocket stages, a step toward lowering launch costs and strengthening South Korea's commercial space capabilities. The Korea Aerospace Research Institute is leading the project, with Hanwha Aerospace responsible for overall system integration. Other Korean space companies, including Vitzro NexTech and Hanyang ENG, are also participating. The demonstrator wil

2026-09-30 15:00:19:00