SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group said Friday it has formed a strategic partnership with Nvidia Corp. for the development of advanced artificial intelligence (AI) technologies related to future mobility. Through the partnership signed in Las Vegas on Thursday (local time), the group plans to enhance key mobility solutions, including those for [...]
SEOUL, Jan. 10 (Korea Bizwire) — The government said Friday it will provide an initial allowance of 3 million won (US$2,057) to the families of the Jeju Air plane crash victims. Acting Interior Minister Ko Ki-dong said during a meeting of the Central Disaster and Safety Countermeasure Headquarters that the “emergency living expense allowance” will [...]
SEOUL, Jan. 10 (Korea Bizwire) — In a stark reversal of fortune, South Korea’s leading battery manufacturers are bracing for significant fourth-quarter losses as the electric vehicle market faces a prolonged period of stagnating demand. LG Energy Solution, one of the country’s top battery makers, reported an operating loss of 225.5 billion won in the fourth [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group has unveiled plans for its largest-ever annual domestic investment of 24.3 trillion won while preparing for significant global investments to address the anticipated protectionist policies of Donald Trump’s second U.S. administration. Focus on U.S. Investments Amid Changing Trade Landscape Hyundai has already committed nearly $18 billion to [...]
LAS VEGAS/SEOUL, Jan. 9 (Korea Bizwire) — At CES 2025 in Las Vegas, Hyundai Mobis revealed its cutting-edge “holographic windshield transparent display” technology, marking its first public demonstration in a real vehicle. This innovative technology allows images and video content to be projected onto a vehicle’s windshield using a specialized film, eliminating the need for traditional [...]
SEOUL, Jan. 9 (Korea Bizwire) — KT Corp., a major South Korean telecommunications company, said Thursday it will join hands with defense firm LIG Co. Nex1 to develop propriety technologies for homegrown low Earth orbit (LEO) satellites. The two companies signed a memorandum of understanding to jointly develop core technologies for LEO satellites, including a [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — Harman International, a wholly owned automotive and audio subsidiary of Samsung Electronics Co., on Wednesday unveiled its new “automotive intelligence” technologies at CES 2025, aiming to deliver personalized in-cabin experiences through advanced intelligence and contextual awareness. “The automotive industry is rapidly transitioning to software-defined vehicles, with cars evolving [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won (US$16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments. The annual investment plan represents a more than 19 percent increase from last year’s domestic investment of 20.4 trillion won, [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea and the United States have begun an analysis of the crashed Jeju Air plane’s flight data recorder (FDR), and their joint investigation team is speeding up a probe of key components of the wreckage, including engines and main wings, at the crash site, a top government official [...]
SEOUL, Jan. 8 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has begun to sell its vehicles on Amazon.com, one year after the South Korean carmaker signed a strategic partnership with the U.S. retail giant. Starting Jan. 7 (local time), U.S. consumers can browse, order and finance any new Hyundai vehicle through a participating [...]