SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s corporate sector is bracing for a slowdown in U.S. investment following the detention of more than 300 Korean nationals in an immigration raid, a crisis that has already disrupted battery factory construction and cast doubt over high-profile bilateral projects. The most immediate impact has fallen on HL-GA, [...]
MUNICH, Sept. 11 (Korea Bizwire) — Hyundai Mobis, the parts and technology arm of Hyundai Motor Group, used Europe’s largest mobility exhibition on Tuesday to sharpen its ambition of becoming a global top-three auto supplier, highlighting its push into electrification and software-defined vehicles. At the IAA Mobility 2025 in Munich, Axel Maschka, the company’s head [...]
BUSAN, Sept. 11 (Korea Bizwire) — Two affiliates of HD Hyundai have received approval in principle for an Internet of Things–based smart cabin system designed to optimize energy use and improve onboard living conditions, the Korean Register (KR) said Wednesday. The certification, granted jointly to HD Hyundai Samho Heavy Industries and HD Hyundai Mipo Dockyard, verifies [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s financial watchdog cautioned retail investors on Tuesday about the risks of exchange-traded funds (ETFs), even as the market for such products has expanded more than fourfold in recent years. According to the Financial Supervisory Service (FSS), the nation’s ETF market reached 232 trillion won ($168 billion) in [...]
SEOUL, Sept.10 (Korea Bizwire) — South Korea’s sweeping government reorganization to expand the Ministry of Environment into a new Ministry of Climate, Energy and Environment is drawing sharp criticism from energy experts, who warn that dividing authority over fossil fuels and renewables could weaken policy coherence and threaten energy security. Under the plan, the Environment [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea will remove cryptocurrency trading and brokerage from its list of industries barred from receiving venture business status, signaling a shift in how the government views the digital asset sector. The Ministry of SMEs and Startups said Tuesday that the Cabinet approved revisions to the Enforcement Decree of the [...]
FOLKSTON, Ga. Sept. 9 (Korea Bizwire) — The return of more than 300 South Korean workers detained in last week’s U.S. immigration raid at Hyundai Motor and LG Energy Solution’s joint battery plant is drawing relief in Seoul, but partner companies say their absence has left a gaping hole in the highly specialized construction project. [...]
MUNICH, Sept. 9 (Korea Bizwire) — Hyundai Motor unveiled its first small electric vehicle concept on Tuesday at Europe’s largest mobility fair, underscoring the South Korean automaker’s push to expand its EV lineup into the compact segment, where demand is strongest in Europe. The concept car, dubbed “Concept THREE,” was introduced at the IAA Mobility 2025 [...]
SEJONG, Sept. 9 (Korea Bizwire) — The Trump administration has stepped up efforts to enlist South Korea’s nuclear industry in its ambitious plan to launch 10 new large-scale reactors by 2030, underscoring Washington’s dependence on foreign builders to revive a domestic sector weakened by decades of dormancy. According to government and industry officials, U.S. Deputy [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s central bank has warned that failing to act decisively on climate change could leave the nation facing prolonged inflationary pressures as extreme heat and heavy rainfall increasingly disrupt prices. In a report released Monday, the Bank of Korea found that a one-degree Celsius “heat shock,” defined as the [...]