SEOUL, Dec. 8 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Monday it has signed a battery supply deal worth 2.06 trillion won (US$1.39 billion) with Mercedes-Benz AG. The supply, which will begin in March 2028, will run through June 2035, LG Energy Solution said in a regulatory filing. The volume [...]
SEOUL, Dec. 8 (Korea Bizwire) — All 12 cube satellites deployed by South Korea’s homegrown rocket Nuri last month have established communication with ground stations, their developers said Monday, setting a new milestone following the successful fourth launch of the space rocket. The 200-ton Nuri blasted off from Naro Space Center in the country’s southern [...]
SEOUL, Dec. 8 (Korea Bizwire) — Hyundai Mobis, South Korea’s largest auto parts maker, said Monday it has established a second research and development center in India as global carmakers turn to the country for more sophisticated automotive software and core components. The new facility, located in Bengaluru, will focus on specialized software development and will [...]
SEOUL, Dec. 5 (Korea Bizwire) — Korean Air Co. and its four affiliated airlines said Friday they will adopt SpaceX’s Starlink satellite internet service on their flights starting next year. Korean Air and four other airlines — full-service carrier Asiana Airlines Inc. and low-cost carriers Jin Air Co., Air Busan Co. and Air Seoul Inc. — [...]
SEOUL, Dec. 5 (Korea Bizwire) — Kia Corp. on Friday unveiled a new futuristic concept car featuring cutting-edge smart glass, reflecting the carmaker’s philosophy as it commemorates its 80th anniversary. The South Korean carmaker introduced the Vision Meta Turismo concept car, which “embodies Kia’s vision for a new era of mobility,” the company said during [...]
SEOUL, Dec. 4 (Korea Bizwire) — Song Chang-hyeon, head of Hyundai Motor Group’s Advanced Vehicle Platform (AVP) division and chief executive officer (CEO) of the group’s software research arm 42dot, has tendered his resignation amid a lack of progress in next-generation vehicle technologies, industry sources said Thursday. In a message sent to 42dot employees on [...]
SEOUL, Dec. 4 (Korea Bizwire) — LG Electronics convened a workshop in Seoul on Thursday with the Eclipse Foundation and major global automakers to accelerate the development of open-source software for software-defined vehicles (SDVs), part of the company’s broader push to expand its automotive solutions business. The event — the Eclipse SDV Community Meetup — brought [...]
SEOUL, Dec. 4 (Korea Bizwire) — Global electric-vehicle registrations topped 17 million in the first ten months of 2025, rising 25.5 percent from a year earlier despite widening divergences in regional demand and policy environments, according to new data released Wednesday by market research firm SNE Research. Worldwide EV sales — including plug-in hybrids — reached [...]
SEOUL, Dec. 3 (Korea Bizwire) — Korean Air Co. and Hyundai Rotem Co. said Wednesday they will jointly develop a reusable 35-ton-class methane rocket engine — a core technology for next-generation launch vehicles — by October 2030 under a government-backed 49 billion-won (US$33 million) program. Under the program, overseen by the Korea Research Institute for [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday it has unveiled its first mass-produced mobility robot platform, designed for various industrial and everyday applications, at a major robotics exhibition in Japan. The group, whose major affiliates include Hyundai Motor Co. and Kia Corp., showcased the Mobile Eccentric Droid (MobED) at [...]