SEOUL, Nov. 20 (Korea Bizwire) — South Korean autonomous-driving startup Autonomous A2Z has established a joint venture in Abu Dhabi with Space42, an Emirati AI and space-technology company, as the two countries expand cooperation in advanced mobility during President Lee Jae-myung’s state visit to the United Arab Emirates. The companies announced the partnership on Nov. 19 [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kia’s new electric commercial vehicle, the PV5, has been named the 2026 International Van of the Year (IVOTY), marking the first time a Korean brand — and the first time an Asian electric light commercial vehicle — has captured the industry’s most prestigious award. Kia announced on Nov. 20 that [...]
ABU DHABI & SEOUL, Nov. 19 (Korea Bizwire) — On a warm November morning in the Emirati capital, President Lee Jae-myung arrived at a polished conference hall filled with Korean and Emirati business executives, all seated beneath a chandelier of cascading glass. But it was the future — not the décor — that commanded [...]
SEJONG, Nov. 19 (Korea Bizwire) – The number of family members serving as unregistered executives at family-run conglomerates, or chaebol, has increased, raising concerns about a growing gap between authority and accountability, the antitrust regulator said Wednesday. Since 2010, the Fair Trade Commission (FTC) has reviewed and released annual reports on the ownership and governance [...]
SEOUL, Nov. 19 (Korea Bizwire) – HD Hyundai, South Korea’s leading shipbuilding group, said Wednesday it has become the world’s first shipbuilder to deliver 5,000 vessels, reaching the milestone 50 years after its inaugural ship delivery. The 5,000th vessel, delivered last month, was the Diego Silang, the second offshore patrol vessel built for the Philippine [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s major conglomerates are increasingly elevating executives born in the 1970s to senior leadership roles, signaling a generational shift in corporate management, according to new analysis released Wednesday by the Korea CXO Institute. At Samsung Electronics, three division heads born in 1970 or later now hold president-level titles: Yong [...]
SEOUL, Nov. 19 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Wednesday it has signed a memorandum of understanding (MOU) with a United Arab Emirates (UAE) defense company to cooperate in the aerospace sector. The agreement with EDGE Platforms and Systems, a unit of the UAE’s defense conglomerate EDGE [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Group will supply hydrogen fuel-cell buses to Guangzhou as part of a joint initiative with China’s commercial vehicle maker Kaiwo Group, the company said Tuesday, marking a significant expansion of its hydrogen mobility footprint in the world’s largest auto market. The 8.5-meter hydrogen buses—co-developed by Hyundai’s local fuel-cell [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s consumer goods exports—long considered a supporting player to the country’s heavyweight industries—are rapidly emerging as a new growth engine, fueled by the global spread of Hallyu and the runaway popularity of titles like the animated film K-Pop Demon Hunters. Government data show that exports of K-food, K-beauty, and [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Group is moving to strengthen its defenses against mounting cyber threats, establishing a new group-wide control tower and sharply increasing investments in information security amid a wave of high-profile hacking incidents in South Korea. According to industry officials on Tuesday, the conglomerate recently created the Group Cyber Threat [...]