SEOUL, Apr. 29 (Korea bizwire) — Hanwha Systems Co., a defense electronics and ICT solutions unit under Hanwha Group, said Monday it will hold a groundbreaking ceremony for a new space center on South Korea’s southern island of Jeju. The Jeju Hanwha Space Center, set to be built at Hawon Techno Campus in southern Jeju, [...]
SEOUL, Apr. 29 (Korea Bizwire) — The antitrust regulator approved a joint venture between LG Uplus Corp. and Kakao Mobility Corp. for operating electric car charging stations Monday, noting that the partnership is unlikely to impede market competition. The approval by the Fair Trade Commission (FTC) came as LG Uplus, the nation’s No. 3 mobile [...]
SEOUL, Apr. 26 (Korea Bizwire) – Hyundai Motor Company has announced plans to manufacture hybrid vehicles at its upcoming electric vehicle (EV) plant in Georgia, United States, scheduled to commence operations in the latter half of this year. During a conference call discussing the company’s first-quarter earnings on April 25, Lee Seung Jo, Head of Hyundai’s [...]
SEOUL, April 25 (Korea Bizwire) – Kakao Mobility Corp., the operator of South Korea’s leading taxi-hailing service Kakao T, said Thursday it will introduce a new membership category with cheaper commissions for its taxi drivers. Starting from June, the new plan will require 2.8 percent commission from its drivers, compared with the current membership plan, [...]
SEOUL, Apr. 25 (Korea Bizwire) — The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilize the country as a key export hub for the South Korean automaker, the group said Thursday. Euisun Chung, Hyundai Motor Group’s executive chair, visited the group’s Indian headquarters [...]
SEOUL, Apr. 24 (Korea Bizwire) — A South Korean nanosatellite was launched into orbit as part of the nation’s project to create a satellite constellation by 2027, officials said Wednesday. The Earth observation satellite lifted off aboard Rocket Lab’s Electron rocket from a spaceport in Mahia, New Zealand, according to the Ministry of Science and [...]
SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has launched a new commercial electric delivery vehicle model with expanded functionality that can be tailored to various business services and solutions. The ST1 has been released in two variants — the ST1 Cargo and ST1 Cargo Refrigerated — and can be expanded [...]
SEOUL, Apr. 24 (Korea Bizwire) – Hyundai Motor Company has announced that it is opening an offline tuning platform called the ‘N Performance Garage’ in Cheonan-gu, Yongin, Gyeonggi Province, to provide a new tuning culture experience. The N Performance Garage is an official tuning specialty shop for Hyundai’s high-performance ‘N’ brand, featuring a display of the [...]
SEOUL, April 23 (Korea Bizwire) -- South Korea is set to launch a homegrown earth observation nanosatellite into space this week, as part of its plan to create the country’s satellite constellation by 2027, the science ministry said Tuesday. The nanosatellite, the first unit of the envisioned satellite constellation, will be launched from Rocket Lab’s [...]
SEOUL, Apr. 22 (Korea Bizwire) –Hyundai Motor Company is offering Pakistani drivers some relief from the region’s scorching summer temperatures through an innovative nanotechnology that drastically reduces interior vehicle heat without tinted windows. The South Korean automaker launched a campaign called “Made Cooler by Hyundai” this month to install its proprietary “nano cooling film” on [...]