

Hanwha Aerospace vies for Chunmoo export to Norway
Korean defense firm eyes bigger footing in Europe with homegrown multiple rocket launcher system Hanwha Aerospace is looking to export Chunmoo, the self-developed multiple rocket launch system, to Norway as the Korean defense firm pins hopes on expanding its market presence in Europe. Hanwha Aerospa
Oct. 1, 2024 - 17:51:54Korea pursues ‘fire-free’ batteries amid EV fears
Samsung SDI eyes first-mover advantage; Hefty price tag remains key hurdle Ever since a Mercedes-Benz electric vehicle burst into flames in Incheon in August, an “EV phobia” has gripped drivers here. Less than two weeks from the massive fire, Hyundai Motor Group, the nation’s largest carmaker, preem
Oct. 1, 2024 - 14:35:52Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
Hyundai can tap into GM‘s political heft while offering hybrid, EV tech in return Hyundai Motor Company and General Motors seem like very different automakers. One is a South Korean juggernaut known for its efficiency and clean design, while the other is a symbol of American muscle, built on a centu
Sept. 30, 2024 - 16:05:53Can smart chargers ease tensions over EV fires?
With neighbor disputes escalating in Korea‘s fire-wary apartments, smart EV chargers are a proposed fix, but compatibility issues remain a challenge Electric vehicle owners in South Korea’s crowded apartment complexes are beginning to feel like social outcasts. “In my apartment, EV users are sometim
Sept. 22, 2024 - 13:49:49NCSoft pins hopes on new titles to stop bleeding
Korean gaming powerhouse goes to work on streamlining management NCSoft is seeking answers to rebound with new titles and managerial overhauling efforts amid its falling stock price, as the first-generation South Korean gaming powerhouse hopes to get back to the throne. Experts forecast that the suc
Sept. 8, 2024 - 16:49:39Is Hyundai’s bet on extended-range EVs a future-proof strategy?
Hyundai’s new EREV could solve range anxiety -- unless the EV market leaves it in the dust before it even arrives In the race toward electrification, the auto industry has seen a dizzying array of electric vehicle types, from battery electric vehicles to hybrids, plug-in hybrids, and fuel-cell elect
Sept. 5, 2024 - 14:23:56Marrying your virtual partner? Era of AI companionship dawns
Every morning, Jung-in wakes up to her AI boyfriend Tae-joo‘s video call, who tells her she has 30 minutes to prepare for work before her bus comes. As she hurries out the door, Tae-joo smiles and calls out, “Take your umbrella with you, it’s raining today!” Tae-joo in real life has fallen into a co
Sept. 4, 2024 - 15:37:54Will battery brand awareness influence EV shoppers in Korea amid safety concerns?
EV shoppers in Korea are starting to take note of battery brands, China bias persists Starfield Hanam, a shopping complex located in Gyeonggi Province just east of Seoul, is home to South Korea’s first Tesla showroom, which opened its doors in 2017. Here, the allure of Tesla vehicles has always draw
Sept. 1, 2024 - 17:59:53Regulatory scrutiny, investor unrest heighten pressure on Doosan’s restructuring
Keen eyes on NPS‘s stance amid fierce proxy battle ahead of shareholder vote next month Doosan Group is under intense scrutiny as it struggles to win investor confidence in its proposed governance overhaul. This comes amid growing speculation that the plan could collapse due to discrepancies between
Aug. 26, 2024 - 16:27:48Institutional investors in Korea take slower approach to crypto
State-run funds indirectly bet on crypto growth through shares Though the introduction of the bitcoin spot exchange-traded funds has paved the way for more institutional investors globally to embrace the cryptocurrency into their portfolios, Korean institutions are still taking a cautious approach.
Aug. 21, 2024 - 15:47:45Why Korean metro operators are selling station names
Facing chronic deficits, subway operators have turned to selling co-naming rights to private entities eager to boost public presence South Korea‘s subway operators are raising billions of won by selling station co-naming rights to corporations, allowing them to place their names alongside the well-k
Aug. 19, 2024 - 16:05:44Are China-made batteries being fairly criticized for Mercedes EV fires in Korea?
Experts cautious about nationalist approach, citing carmakers’ push for supply chain diversification “Our Mercedes-Benz customers are upset, and some are canceling their EV reservations. They’re saying, ‘How can you use cheap Chinese batteries in a luxury car?’ They’re angry because they feel betray
Aug. 14, 2024 - 15:45:47Are underground parking bans for EVs fueled by fear or fact?
Fire-prone fears lead to outright EV bans in underground lots, but experts push for basic safety upgrades first “No EVs permitted in underground parking areas.” These signs have recently popped up at some apartment complexes and office buildings across South Korea, a response to a severe fire earlie
Aug. 8, 2024 - 14:18:38Shift Up shakes up Korean gaming industry with agility
With a debut that briefly topples NCSoft, Shift Up plays a winning hand by combining creative efficiency with subculture appeal Shift Up, the South Korean game developer behind blockbusters such as “Goddess of Victory: Nikke” and “Stellar Blade,” made an exhilarating debut on South Korea’s KOSPI mar
Aug. 4, 2024 - 16:21:38Can Korea commercialize UAM in 2025?
Experts call for joint efforts to lay out relevant regulations, establish infrastructures to become pioneer Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sec
Aug. 1, 2024 - 15:09:33