SEOUL, Dec. 22 (Korea Bizwire) — The antitrust regulator said Monday it has instructed the country’s flag carrier Korean Air Co. to revise its mileage integration plan as part of its merger with Asiana Airlines Inc. Korean Air has been notified to submit a more detailed plan within one month, including measures for the use [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea has completed development of the core technologies for a next-generation high-speed train designed to operate at up to 370 kilometers per hour, positioning the country among a small group of nations competing at the frontier of rail-speed technology, the transport ministry said Monday. The train, known as [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea’s used-car exports surged sharply this year, helping offset a slowdown in new vehicle shipments and preventing an overall decline in the country’s automotive exports, according to government and industry data released Sunday. From January through November, used-car exports reached $8.4 billion, up 82.6 percent from a year earlier, [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hanwha Systems Co., a defense solutions unit of South Korea’s Hanwha Group, said Thursday it has signed a contract with Boeing Co. to supply advanced cockpit displays for F-15K and F-15EX fighter jets. Under the agreement, Hanwha Systems will provide the Eagle Large Area Display (ELAD) for Boeing’s fighter [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Group said Thursday it will significantly expand its plug-and-charge (PnC) electric vehicle (EV) charging network starting next year to provide a more convenient and secure charging experience for customers. PnC is an international standard technology that allows drivers to start charging simply by connecting the charging cable [...]
SEOUL, Dec. 17 (Korea Bizwire) — Ford Motor Co. has canceled a 9.6 trillion-won (US$7.4 billion) battery supply contract with LG Energy Solution, a rare rupture in one of the world’s largest EV supply chains that is heightening alarm over the sector’s deepening slowdown. LG Energy Solution disclosed Wednesday that Ford had terminated the agreement, which [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s national space agency said Tuesday it is exploring the use of SpaceX’s next-generation Starship rocket to launch the country’s first Mars payload as early as 2030, part of a broader strategy to accelerate its participation in international deep-space exploration. At a briefing in Seoul, the Korea Aerospace Administration [...]
LOS ANGELES, Dec. 16 (Korea Bizwire) — Hyundai Motor and Kia will install enhanced anti-theft devices on more than 4 million vehicles in the United States, agreeing to sweeping remedial measures after a multistate investigation found their cars were particularly vulnerable to theft. According to Reuters, the automakers reached a settlement with attorneys general from 35 [...]
SEOUL, Dec. 15 (Korea Bizwire) —Korean Air Co. said Monday it will adopt a zero tolerance policy toward passengers who tamper with aircraft emergency exits, warning that it will seek criminal charges against violators to strengthen aviation safety. The country’s flag carrier said it is responding to a rise in such incidents, which pose a [...]
SEOUL, Dec. 15 (Korea Bizwire) — GM Korea said Monday it will invest $300 million to bolster its South Korean operations, a move aimed at easing concerns that the Detroit automaker could scale back production in the country amid shifting U.S. trade policies. The announcement was made at the company’s 2026 Business Strategy Conference in [...]