SEOUL, April 16 (Korea Bizwire) — Hyundai Mobis Co. said Wednesday it plans to showcase a slate of new automotive technologies geared for the Chinese market at the upcoming Auto Shanghai 2025. The auto parts unit of South Korea’s Hyundai Motor Group will operate a 300-square-meter booth at the biennial Chinese auto trade show at [...]
SEOUL, April 16 (Korea Bizwire) — LS Electric Co., a South Korean electric equipment maker, said Wednesday it will invest US$240 million to expand its U.S. production facility by 2030 in response to U.S. President Donald Trump’s import tariffs. LS Electric has recently upgraded its existing production facility in Bastrop, Texas, to add research and [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s TV home shopping industry continues to face mounting financial strain as broadcasting fees soared to consume more than 70 percent of television sales revenue in 2024, despite a modest rise in overall sales. According to a report released Monday by the Korea TV Home Shopping Association, the [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a revamped model of the company’s long-running Avante compact sedan with upgraded convenience and driver assistance systems as standard features. The new Avante includes features such as button-start ignition, a welcome lighting system and a smart trunk function as standard across [...]
SEOUL, April 15 (Korea Bizwire) — The head of South Korea’s financial watchdog has vowed to push ahead with a series of steps to boost fairness and transparency in the capital markets, as well as shareholder value, the Financial Supervisory Service (FSS) said Tuesday. In a meeting with dozens of bankers and financiers in Hong [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Group on Tuesday revealed a detailed plan for its envisioned waste-to-hydrogen ecosystem project in Indonesia at the Global Hydrogen Ecosystem Summit 2025 held in Jakarta. The initiative, first announced at CES 2024, aims to create a circular hydrogen ecosystem in West Java, where Hyundai operates a major [...]
SEOUL, April 15, (Korea Bizwire) — In an effort to protect consumers from online shopping mishaps, the Seoul Metropolitan Government has introduced a new self-assessment service designed to help residents identify and prevent potential e-commerce risks before making purchases. The interactive service, launched through the city’s E-Commerce Center, draws on an extensive database of 7,000 [...]
SEOUL, April 15 (Korea Bizwire) — South Korea’s high-speed rail operator SR announced Monday that its next-generation EMU-320 trains, slated for deployment in 2027, will feature the world’s first onboard automatic fire suppression system specifically designed for lithium polymer battery fires. The system, developed in collaboration with Hyundai Rotem and fire safety firm HTC, is engineered [...]
SEOUL, April 14 (Korea Bizwire) — LG Chem has suffered a legal blow in China, where its key battery patent has been invalidated amid a widening intellectual property battle with Chinese rival Longbai, escalating tensions in the global electric vehicle (EV) supply chain. According to industry sources, China’s National Intellectual Property Administration (CNIPA) recently ruled to [...]
LG Electronics Co. said Monday it has been named the most creative supplier of the year by General Motors Co. (GM) for its outstanding innovation and collaboration. At GM’s 33rd Supplier of the Year Awards held last week, LG Electronics received the Creativity Team Award in recognition of its role in redefining in-vehicle entertainment and [...]