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Hyundai Motor, Singapore State Utility to Jointly Explore EV Biz

Hyundai Motor, Singapore State Utility to Jointly Explore EV Biz

SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it will work with Singapore’s national utility SP Group to promote electric vehicles and establish charging infrastructure in the Southeast Asian country. Hyundai Motor has signed a business cooperation agreement with SP Group to supply its electric vehicles to Singapore and seek [...]

Hyundai Motor to Use Nvidia’s Drive System in All Vehicles from 2022

Hyundai Motor to Use Nvidia’s Drive System in All Vehicles from 2022

SEOUL, Nov. 10 (Korea Bizwire) – Hyundai Motor Group, the world’s fifth-biggest carmaker by sales, said Tuesday it will use U.S. chipmaker Nvidia’s in-vehicle Drive system across all of its vehicles from 2022. The South Korean carmaker will apply the Nvidia Drive “connected car” platform to all of its upcoming models from Hyundai Motor Co., its [...]

Major Firms Reap Better-than-expected Q3 Earnings amid Pandemic

Major Firms Reap Better-than-expected Q3 Earnings amid Pandemic

SEOUL, Nov. 8 (Korea Bizwire) — Major listed firms in South Korea reported better-than-expected earnings in the third quarter, raising hopes for a quick recovery from the pandemic-hit economy, data showed Sunday. The combined operating income of 251 listed firms that disclosed earnings as of Friday totaled 32.6 trillion won (US$29.1 billion) for the July-September [...]

Naver, Kakao Expected to Show Brisk Performance Next Year amid Pandemic

Naver, Kakao Expected to Show Brisk Performance Next Year amid Pandemic

SEOUL, Nov. 7 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, are expected to continue their upward trajectory in earnings projections amid the coronavirus pandemic, market watchers said Saturday. Quarterly sales of Naver — South Korea’s top internet portal operator — and Kakao — the operator of the [...]

LG Uplus Downplays Huawei Risk, Q3 Net Nearly Quadruples

LG Uplus Downplays Huawei Risk, Q3 Net Nearly Quadruples

SEOUL, Nov. 5 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, downplayed concerns Thursday over its use of network equipment by Huawei Technologies Co. amid U.S. pressure to sever ties with the Chinese company, citing the completion of equipment installation and a healthy backlog for maintenance. The United States has repeatedly [...]

Kakao’s Q3 Net Nearly Quadruples on Robust Platform, E-commerce

Kakao’s Q3 Net Nearly Quadruples on Robust Platform, E-commerce

SEOUL, Nov. 5 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its third-quarter net profit jumped nearly three times from a year earlier on the back of robust growth of its e-commerce services based on its messenger platform. Net profit reached a quarterly high of 143.7 billion [...]