SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Monday it has signed a 499 billion won (US$372 million) K2 tank deal in Poland. Hyundai Rotem signed the deal with Poland’s state defense procurement agency to build 180 K2 tanks for the Polish military by December 2027, the company [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Motor Group has unveiled a brake failure response system for autonomous vehicles via its corporate website. In a situation that calls for brakes to be applied, the system checks the operation of the main braking device through an engine control unit (ECU). If there is no response, it [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea has been elected the chair of a key decision-making body of an international treaty regulating the global conventional arms trade for a one-year term, Seoul’s foreign ministry said Sunday. The election by unanimous support from member countries of the Arms Trade Treaty (ATT) came at the closing [...]
SEOUL, Aug. 28 (Korea Bizwire) — Cigarette manufacturers in South Korea will be required to strengthen health warnings on cigarette packaging starting in late December under a new government regulation, the Ministry of Health and Welfare said Sunday. The ministry plans to distribute the updated manual for labeling health warnings on cigarette packaging Monday, as [...]
SEOUL, Aug. 28 (Korea Bizwire) — The Navy on Sunday wrapped up an annual operation to collect underwater waste near a northwestern border island as part of efforts to help protect the maritime ecosystem and ensure safer fishing activities, the armed service said. Using a 3,500-ton towing ship, the Navy gathered 13 tons of maritime [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s push for clean energy, notably hydrogen, offers opportunities for companies like FuelCell Energy Inc. (FCE) to deliver its technologies “well-suited” to help the country achieve its carbon emissions goals, its CEO has said. Jason Few, president and CEO of the U.S. fuel cell platform manufacturer, said the [...]
SEOUL, Aug. 27 (Korea Bizwire) — Two South Korean defense firms have signed contracts — worth US$5.76 billion in total — with Poland to implement last month’s deals to export K2 battle tanks and K9 self-propelled howitzers, Seoul’s arms procurement agency said Saturday. Hyundai Rotem Co. and Hanwha Defense inked the executive contracts with Warsaw’s [...]
SEOUL, Aug. 26 (Korea Bizwire) — A Seoul court on Friday approved SsangYong Motor Co.’s rehabilitation plan with “overwhelming” support from creditors and other related parties, paving the way for the carmaker to get its business back on track. The approval, which came one month after SsangYong submitted its restructuring plan to the Seoul Bankruptcy [...]
SEOUL, Aug. 26 (Korea Bizwire) — One in 5 South Korean adults do not wish to seek help from others, even when they are in dire need, a study showed Thursday. The Korea Institute for Health and Social Affairs surveyed 8,185 South Korean adults between the ages of 19 and 60, dividing them into four [...]
SEOUL, Aug. 26 (Korea Bizwire) — Most parcel delivery personnel are working under poor labor conditions, in which they have to work six days a week, a major umbrella labor group said Thursday. The Federation of Korean Trade Unions conducted a survey on the labor environment of 210 delivery service workers who are affiliated with [...]