Ju Ji-hoon is returning to the screen for the first time in four years with the comedy film, “Gentleman,” alongside his close friend and fellow actor Park Sung-woong who gets to become a different type of villain. “At first, I refused because I have played so many similar bad guy roles before, but it was Ju Ji-hoon who persuaded me to team up for this film, rather than appearing in each other’s ...

South Korean steel giant Posco said Sunday its production plants in Pohang and Gwangyang have received the ResponsibleSteel accreditation, becoming the first Asian company to win the honor. ResponsibleSteel, a nonprofit organization set up in 2016, awards steel businesses with accreditation for fulfilling some 370 criteria, including enviornmental, social and governance efforts. The review proce...

Plana, a South Korean startup dedicated to building vertical takeoff and landing aircraft powered by hybrid e-powertrains, said Friday that Dr. Kim Hyun-soon from Agency for Defense Development has joined the company as vice president. Kim, who is an R&D expert in developing unmanned aerial vehicle (UAV) systems, spent over 25 years developing aerospace and UAV systems at the state-run agency. ...

POHANG, North Gyeongsang Province -- It was as silent as a graveyard inside the dark, dusty No. 2 rolled steel manufacturing plant at Posco’s steel mill in the southeastern city of Pohang on Wednesday, unlike three months ago when it was churning out steel products like those for EV motors. The plant is responsible for more than one-third of Posco’s some 13.5 million metric tons of steel products...

The No.2 Bupyeong plant was originally used to produce military vehicles for the Japanese army during the Japanese colonial rule of the Korean Peninsula (1910-1945). In 1962, Saenara, a short-lived local automotive maker, purchased the plant to build the country’s first modern manufacturing line to produce Nissan’s Bluebird sedan. Three years later, Saenara was acquired by Shinjin Motors, which j...

Doosan Fuel Cell, the hydrogen business unit of South Korean conglomerate Doosan Group, signed a contract worth 346.8 billion won ($255 million) to supply hydrogen fuel cell to China’s combined heat and power business operator, the Korean firm said Monday. Doosan Fuel Cell said it will provide a total of 105MW in hydrogen fuel cells to China’s ZKRG Smart Energy Technology (Foshan) Co. Of them, 5...

South Korea’s automotive production is expected to suffer a modest decline next year despite growing global car sales, an industry report said Monday. Some 85.3 million cars are projected to be sold globally next year, a 4.7 percent increase compared to this year’s estimated 81.5 million units, according to the report by the Korea Automotive Technology Institute. The report said the stable supp...

Hyundai Motor Group said Friday its flagship electric vehicle brand Ioniq’s latest model Ioniq 6 was unveiled in the United States at the 2022 Los Angeles Auto Show, and it is targeting a North American launch in the first half of next year. The Ioniq 6 was launched in July in South Korea, recording the automaker’s highest first-day preorder sales figure in its history with 37,446. Hyundai Moto...

Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman arrived in Seoul on Thursday to hold talks with President Yoon Suk-yeol and top business leaders, initiating a slew of agreements worth an estimated $30 billion between the two countries. The crown prince’s trip to Seoul is his first in three years. In a closed meeting held earlier in the day, Yoon and the crown prince agreed to...

Hyundai Glovis, a logistics arm of Hyundai Motor Group, said Wednesday that it is entering the Malaysian logistics market in a strategic partnership with local logistic giant Lion Group, as part of efforts to expand its presence in Southeast Asia. The two sides signed a memorandum of understanding, under which the Korean firm will apply its smart logistic solutions to enhance efficiency of Lion'...

Yido, a South Korean firm that specializes in integrated management for infrastructure and golf courses, said Wednesday that it has signed a strategic partnership with US sports virtualization hardware and software company Full Swing to expand their presence in the Asian market. Established in 1986, Full Swing is the industry's top golf simulator maker and the official licensed simulator of the ...

Corporate Korea is betting big on Indonesia’s $34 billion capital relocation plan as they are expected to play a leading role in building futuristic infrastructure for smart city and flying cars. During this week’s Group of 20 summit held on the resort island of Bali, South Korea and Indonesia on Monday signed a total of 10 memoranda of understanding to boost economic partnership between the two...

Hyundai also expressed high expectations for the new project, which aims to provide an efficient model for the AMM ecosystem and ultimately enhance quality of life for residents of the island. The carmaker added that, based on the achievements made in Indonesia, it would aim to create a broader AAM ecosystem around the world. “We see the latest MOU with the Indonesian government as the first st...

Hyundai Motor on Monday launched the all-new Grandeur, the seventh-generation fully changed model of its top-selling midsize sedan, a comeback after six years with global sales set to begin in the second quarter next year. Since its debut in 1986, the Grandeur has been considered a luxury sedan here, widely chosen as the executive ride for local chaebol companies. The car's former cachet may ha...

“With its 800-volt architecture, the powerful electric motor of the latest generation and state-of-the-art battery and charge management, this model offers the E-Performance that is characteristic of Porsche,” said Janssen. “(Producing) high-volume models with high-tech standards, we are electrifying another important part of our portfolio.” Benefits of this purely electric platform include not...