SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor is making inroads into Europe’s most competitive markets, including France, Germany and the United Kingdom, where local and German brands have long dominated. The push is fueled by the popularity of its affordable Inster electric vehicle — sold in Korea as the Casper EV — and steady demand [...]
SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor Group’s business portfolio and financial health compare favorably with those of major global automakers, but industry analysts warn that South Korea’s auto industry could lose ground unless Seoul secures a reduction in U.S. tariffs, now set higher than those for Japanese rivals. According to a report released Tuesday [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s three leading battery producers are gearing up for a fierce contest over the country’s second government-led energy storage system (ESS) project, a program worth more than 1 trillion won ($740 million) and slated for delivery in late 2027. The Korea Power Exchange disclosed last week that the second [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s e-commerce sector is undergoing a sharp consolidation, with a winner-takes-all structure emerging as Coupang and Naver entrench their dominance. Smaller players are collapsing or being forced into alliances, while global challengers from China accelerate their advance. The collapse of mid-tier platforms Tmon and Wemakeprice last year, which [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s semiconductor rally is spilling over into smaller suppliers, as investor optimism over improving memory prices boosts not only giants like Samsung Electronics and SK hynix but also makers of materials, components and equipment. On Monday, Samsung Electronics closed up 4.77 percent at 83,500 won, touching an intraday [...]
SEOUL, Sept. 22 (Korea Bizwire) — A string of hacking incidents at South Korea’s telecommunications and financial companies has prompted pharmaceutical and biotech firms to tighten their defenses, wary that breaches involving sensitive clinical data and intellectual property could trigger irreparable damage. Industry officials said this week that companies are moving quickly to reinforce security policies [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s largest companies are showing a stronger preference for so-called “experienced freshmen,” or new hires with prior work experience, according to a survey released Sunday by the Korea Economic Research Institute (FKI). The survey, conducted among 121 of the country’s top 500 firms by revenue, found that 28.1 [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s oil refiners are ramping up investment in sustainable aviation fuel (SAF) as the government prepares to mandate blended fueling for all international flights starting in 2027. Industry leaders warn, however, that the high upfront costs and uncertain global demand mean state support will be critical. SK Energy [...]
SEOUL, Sept. 22 (Korea Bizwire) — Genesis, Hyundai Motor Group’s luxury marque, is stepping up its push into Central Asia, opening a flagship showroom in Kazakhstan as part of a broader global expansion drive. On September 9, the company inaugurated the Almaty Genesis Showcase, a three-story dealership operated by Kazakhstan’s largest auto firm, Astana Motors. [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s leading construction companies are rolling out advanced monitoring systems and wearable devices to curb workplace accidents, but industry officials acknowledge that technology alone cannot eliminate risks in sprawling, high-density worksites. According to industry data released Sunday, most major builders now operate centralized control centers linking CCTV footage [...]