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Hyundai, Michelin Extend Partnership for EV Tire Development

Hyundai, Michelin Extend Partnership for EV Tire Development

SEOUL, June 20 (Korea Bizwire) — Hyundai Motor Group said Monday it has extended a partnership with French tiremaker Michelin to develop high-end tires dedicated for upcoming electric vehicles. The South Korean automaker will collaborate with Michelin to develop tires for all-electric and environment-friendly vehicles for the next three years, the company said in a [...]

SK ecoplant, Korea East-West Power to Secure Green Hydrogen Overseas

SK ecoplant, Korea East-West Power to Secure Green Hydrogen Overseas

SEOUL, May 2 (Korea Bizwire) — South Korean builder SK ecoplant Co. announced that it had joined hands with state-utility firm Korea East-West Power Co. to explore overseas green hydrogen bases using solar power generation. The two parties recently signed signed a memorandum of understandin to develop solar power projects overseas and use the electricity [...]

KOGAS Signs Biz Tie-up with Sempra Infrastructure

KOGAS Signs Biz Tie-up with Sempra Infrastructure

SEOUL, April 4 (Korea Bizwire) — South Korean state-run gas company Korea Gas Corp. (KOGAS) said Monday it has signed a business partnership agreement with U.S. energy infrastructure firm Sempra Infrastructure. KOGAS said the memorandum of understanding, signed in Houston on Friday, calls for cooperation in such business areas as liquefied natural gas (LNG), hydrogen [...]

Hyundai, Saudi Aramco to Jointly Develop Eco-friendly Vehicle Engine

Hyundai, Saudi Aramco to Jointly Develop Eco-friendly Vehicle Engine

SEOUL, March 30 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King Abdullah University of Science and Technology (KAUST) plan to develop an advanced fuel for ultra-lean burn, spark-ignition engines to [...]

Daewoo Shipbuilding, Babcock Sign MOU for Warship Partnership

Daewoo Shipbuilding, Babcock Sign MOU for Warship Partnership

SEOUL, March 15 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., the world’s fourth-biggest shipbuilder by orders, said Tuesday it has signed an initial pact with a British shipbuilder for warship technology development. Daewoo Shipbuilding has signed a memorandum of understanding with Babcock International for a “strategic partnership” in developing technologies in aircraft carriers, [...]

KT Signs MOU with Turkish Telecom Operator on 5G, AI Services

KT Signs MOU with Turkish Telecom Operator on 5G, AI Services

SEOUL, March 3 (Korea Bizwire) — KT Corp., a South Korean major wireless carrier, said Thursday it has signed a pact with a leading Turkish telecom operator for cooperation in 5G and artificial intelligence services. At the Mobile World Congress (MWC) 2022 in Barcelona, the South Korean operator signed a memorandum of understanding with Turk [...]

Hyundai, Shell Sign MOU on Electrification, Carbon Neutrality

Hyundai, Shell Sign MOU on Electrification, Carbon Neutrality

SEOUL, Feb. 25 (Korea Bizwire) — Hyundai Motor Co. said Friday it has signed an initial pact with Shell Plc for cooperation in electrification and carbon neutrality. Last week, Hyundai Motor signed a memorandum of understanding with Shell, Europe’s biggest oil firm, to collaborate on electric vehicle charging infrastructure, hydrogen fuel-cell electric vehicle supplies, and [...]

Hyundai Glovis Joins Hands with SoCar to Advance Future Logistics Technologies

Hyundai Glovis Joins Hands with SoCar to Advance Future Logistics Technologies

SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Glovis, the logistics unit of Hyundai Motor Group, announced that it had signed a memorandum of understanding (MOU) to establish a new business alliance with car-sharing company SoCar with a focus on developing future logistics technologies. With a fleet of about 18,000 vehicles, SoCar has been applying innovative [...]