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 [...]
SEOUL, Jan. 7 (Korea Bizwire) — Jeju Air Co., the embattled low-cost carrier facing intense scrutiny over a recent aircraft crash that claimed 179 lives, said Tuesday it plans to cut 188 international flights departing from Busan in the first quarter, with a total operational reduction plan to be finalized this week. Following the tragic Dec. 29 [...]
SEOUL, Jan. 6 (Korea Bizwire) — Jeju Air Co., the embattled low-cost carrier (LCC) facing intense scrutiny over a recent aircraft crash that claimed 179 lives, recorded the largest number of flight delays among domestic airlines due to maintenance during the first half of 2024, government data showed Monday. According to the data from the [...]
SEOUL, Jan. 6 (Korea Bizwire) – The head of Hyundai Motor Group on Monday emphasized the importance of resilience, innovation and proactive preparation in facing future challenges expected from ongoing global risks, as well as anticipated rollbacks in the electric vehicle (EV) policies of the United States. At a group-wide New Year’s Greetings event held [...]
SEOUL, Jan. 6 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Group, on Monday revealed the design of its revamped all-electric GV60 sport utility vehicle (SUV) ahead of its domestic launch in the first quarter. It marks the first time that the GV60 has undergone a redesign since its debut in October [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group reported its highest-ever annual sales in the United States last year, cementing its position as the fourth-largest automaker in the market for the second consecutive year. The group, which includes Hyundai, Kia, and the luxury Genesis brand, sold 1,708,293 vehicles in the U.S. in 2024, a [...]