Korea Aerospace Industries has joined hands with the Saudi Space Agency to collaborate on strengthening their partnership in the space sector as part of efforts to lead the expanding space industry in the Middle East. According to KAI, the chiefs of KAI and SSA on Wednesday signed a memorandum of understanding in Riyadh. The partnership agreement took place during President Yoon Suk Yeol’s state visit to Saudi Arabia, which began Saturday. KAI officials traveled to the Middle Eastern count

Industry Oct. 25, 2023

Hyundai Motor Group is venturing into the Middle East as it explores new business opportunities with cutting-edge technologies in the region, looking to recreate the pioneering legacy of Chung Ju-yung, Hyundai Group’s late founder. During President Yoon Suk Yeol's state visit to the Middle East, the South Korean conglomerate announced a series of agreements and contracts to set up a new manufacturing plant for electric vehicles and cooperate in the eco-friendly energy sector with effo

Mobility Oct. 24, 2023

Hyundai Motor and its affiliate firm Kia were ranked in ninth place on a new Greenpeace study on 15 automakers' decarbonization efforts, down four spots from the environmental organization's assessment a year ago. According to Greenpeace East Asia’s analysis on Thursday, the South Korean carmakers received 5.58 points for the proportion of zero-emission vehicle sales and a mere 3 points for decarbonizing efforts in their supply chains. Noting that the sales of sports utility vehi

Mobility Oct. 19, 2023

Hyundai Motor Company and its sister firm Kia announced Wednesday that they have signed a strategic partnership with Infineon Technologies AG, a global top-tier automotive semiconductor developer, to upgrade electric vehicle performance and secure power semiconductor supply chains. Under the partnership, the South Korean automakers will cooperate with the chipmaker to develop technologies with a goal to enhance the power performance of EVs and hybrid vehicles slated to be released in the future.

Mobility Oct. 18, 2023

South Korea’s leading shipbuilders have been scoring massive order after order all this year, welcoming the revival of the shipbuilding industry. Despite the upbeat numbers on paper, they are facing the daunting task of securing a skilled workforce capable of carrying out difficult tasks in the long term. Clarksons Research, a global shipping and shipbuilding analysis firm based in the United Kingdom, measured the Newbuilding Price Index (NPI) at 173 points as of August. The NPI indicates

Industry Oct. 17, 2023

The Seoul International Aerospace and Defense Exhibition, known as Seoul ADEX, kicks off Tuesday with the public debut of Korea's indigenously developed KF-21 Boramae fighter jet, as the country looks to score record-breaking exports for the defense industry this year. The biannual event, which takes place at at the Seoul Airport in Seongnam, Gyeonggi Province, is expected to draw 550 participating companies -- the largest number since it was first held in 1996 -- from 34 countries, according to

Industry Oct. 15, 2023

Kia on Thursday unveiled three new small- to medium-sized electric vehicles, vowing to lead the popularization of EVs across the world by offering more affordable options for customers. “Kia is keenly focused on providing solutions to the concerns that continue to cause hesitation when it comes to making an EV purchase. We will meet customer expectations by offering a full line-up of EVs at various price points and improve charging infrastructure availability,” said Kia CEO Song Ho-s

Mobility Oct. 12, 2023

As humanity goes deeper into space and explores more of the unknown, it is crucial to take responsibility to carry out space missions with peace and solidarity, say Sasha Sagan, daughter of renowned astronomer Carl Sagan, and Yi Soyeon, South Korea's one and only astronaut. “Our track record as a species is questionable at best and especially when we arrive in new places,” said Sagan. “I think that our only hope is to really take the lessons of where we have fallen short i

Industry Oct. 11, 2023

BMW Korea said Thursday it will install 1,000 new chargers for electric vehicles in South Korea next year, almost doubling the number of its EV chargers in the country. Under its “Charging Next” project, BMW Korea plans to make the new chargers compatible with all EVs, not just BMW EVs. The German automaker currently operates 920 charging points nationwide and plans to complete the installation of more to reach a total of 1,100 by the end of the year. With the additional 1,000 charge

Mobility Oct. 6, 2023

LG Energy Solution and Toyota announced Thursday that they have signed a 10-year supply contract for lithium-ion battery modules to be used in Toyota’s battery electric vehicles assembled in the United States, marking the first collaboration between the Korean battery maker and the Japanese auto giant in the burgeoning EV market. LG Energy Solution said it will invest 4 trillion won ($3 billion) in its Michigan plant to set up new production lines for battery cells and modules exclusively

Mobility Oct. 5, 2023

진행자: 간형우, Ali Abbot 1. Tell the truth: Advanced drug education needed to curb teen exposure, experts say 기사 요약: 단순한 교육 영상물로는 더 이상 10대들의 마약 노출 위험을 방지할 수 없다는 전문가들의 조언 [1] Drug prevention education has long been thought of as a criminal issue in South Korea, but an increase in teenage drug offenders has led to wider calls for enhanced drug education. *prevention: 예방, 방지 *offender: 범죄자 *enhanced: 향상된 [2] As concerns grow over adolescents’ shallow awareness of drugs due to a lack of education

Podcast Oct. 5, 2023

Hanwha Group, South Korea's seventh-largest conglomerate, officially launched its robotics firm Hanwha Robotics on Wednesday, aiming to take the lead in the burgeoning global robotics market. Hanwha Corp./Momentum and Hanwha Hotels & Resorts set up a joint venture for Hanwha Robotics, holding 68 percent and 32 percent of the shares in the new entity, respectively. Hanwha Corp./Momentum will acquire 28,293,195 shares of Hanwha Robotics, valued at about 42.4 billion won ($31.8 million). K

Industry Oct. 4, 2023

Hyundai Motor Company will begin producing the Ioniq 7, the automaker’s all-electric large sports utility vehicle, in July next year, local media reported Tuesday. According to the report citing unnamed industry sources, Hyundai Motor and its employment stability committee recently carried out a series of meetings to confirm the manufacturing plan for the Ioniq 7. Although there are remaining details to be finalized, the report said the EV SUV will begin production at Hyundai Motor’s

Mobility Oct. 3, 2023

The Korea Herald, South Korea's biggest English newspaper, will hold its annual business forum on Oct. 11 to discuss the rising space sector’s present and future by bringing together the country's space leaders and experts. The Humanity In Tech or HIT Forum will feature two keynote speakers -- Sasha Sagan, acclaimed author and daughter of the legendary US astronomer Carl Sagan, and Dr. Yi So-yeon, Korea’s one and only astronaut. Visiting Seoul for the first time, Sagan will

Technology Sept. 27, 2023

A Russian firm will buy Hyundai Motor’s manufacturing plant in St. Petersburg which halted operations in March last year, Russian news agency TASS reported Wednesday citing Russian Deputy Prime Minister, Industry and Trade Minister Denis Manturov. The minister was quoted as saying, “We have already formed all decisions on Hyundai’s acquisition. At least what the company has announced itself. This is why a decision will be taken shortly. A local company will be the purchaser.&

Mobility Sept. 26, 2023