SEOUL, May 2 (Korea Bizwire) — KG Mobility Corp., a South Korean carmaker, said Friday its sales dropped sharply from a year earlier in April, mainly due to a decline in exports. The company sold 8,642 vehicles last month, down 11 percent from 9,751 units sold the same month last year, the company said in [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s small satellite designed to measure space radiation will take part in the Artemis II mission, a U.S.-led moon exploration program, the Korean space agency said Friday. Under an agreement between the Korea AeroSpace Administration (KASA) and the U.S. National Aeronautics and Space Administration (NASA), the K-RadCube, a [...]
SEOUL, May 2 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung visited Auto Shanghai 2025 earlier this week despite the automaker’s absence from the event, industry sources said Friday. Chung attended the biennial motor show on the eve of its official closing Friday, marking his first attendance at China’s event since the 2018 [...]
SEOUL, May 1 (Korea Bizwire) — LIG Nex1 Co., a major South Korean defense and aerospace company, said Thursday it has signed a 320.7 billion-won (US$224 million) deal to develop the Chollian Satellite 5, South Korea’s next-generation geostationary weather satellite. The satellite project will be carried out in collaboration with the Korea Meteorological Administration, the [...]
SEOUL, May 1 (Korea Bizwire) — Jeju Air Co. said Thursday it will launch a new route to Hakodate, Japan, next month to expand its service network to the neighboring country amid growing summer travel demand. The South Korean low-cost carrier will begin operations on the Incheon-Hakodate route with two weekly flights starting June 5 [...]
SEOUL, April 30 (Korea Bizwire) – Korean Air Lines Co., South Korea’s leading air carrier, said Wednesday it plans to invest 1.2 trillion won (US$844.3 million) to establish a next-generation aviation research and training hub in Bucheon, west of Seoul. The company plans to break ground on the 65,800 square-meter facility in 2027, with the [...]
SEOUL, April 29 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has showcased a next-generation in-vehicle infotainment system in collaboration with Taiwan’s semiconductor company MediaTek Inc. The system, unveiled at the ongoing Auto Shanghai 2025, allows customers to enjoy different content on multiple displays in a vehicle using only one chip and operating system [...]
SEOUL, April 29 (Korea Bizwire) — Kia Corp. said Tuesday it has launched a new global recruitment website aimed at strengthening its hiring capabilities and better showcasing the company’s workplace culture for employees. The newly opened Kia Talent Lounge website (https://career.kia.com) offers various work-related content, including insights into the South Korean automaker’s organizational values, employee [...]
SEOUL, April 29 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has introduced a revamped version of its Xcient heavy-duty hydrogen fuel cell truck at a clean transport exhibition in the United States. The upgraded Xcient, which includes a newly designed hydrogen fuel cell system, was showcased at the Advanced Clean Transportation Expo 2025 [...]
CHANGWON, South Korea, April 27 (Korea Bizwire) – Hanwha Aerospace Co. is seeking to join a U.S. Department of Defense initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea’s strategic role in allied security [...]