Hyundai Motor completes EV production ecosystem in Indonesia

Hyundai Motor Group has established a complete production chain for electric vehicles (EV) in Indonesia,...

Unionized workers at Hyundai Motor to refuse overtime work from next week

Unionized workers at Hyundai Motor Co. have decided to refuse to work overtime on Saturdays...

Son of Lotte chairman elected to board of directors at Lotte Holdings in Japan

The only son of Lotte Group Chairman Shin Dong-bin on Wednesday has been elected to...

Korea to provide 17 tln won of policy financing for chip industry investment

The finance ministry said Wednesday it will provide low-interest loans of 17 trillion won (US$12.22...

S. Korea’s auto exports expected to hit record high in 2024: report

South Korea’s car exports are forecast to reach a record high this year, driven by...

T’way Air, Air Premia, Korean Air face safety probes ahead of peak travel season

T’way Air, Air Premia and Korean Air are facing safety probes from the transport ministry...

KEPCO to freeze Q3 electricity rates amid inflationary pressure

The state power utility will freeze the third-quarter electricity rates for a high demand season...

Exports increase 8.5 pct from June 1-20 on strong chip sales

Exports rose 8.5 percent on-year in the first 20 days of June on strong global...

Construction firms on alert as early heat wave grips Korea

An early heat wave gripping the country is raising concerns over heat-related illnesses among workers...

KASA R&D chief stresses collaboration for safe lunar exploration

John Lee, deputy administrator of the mission directorates at the newly launched Korea AeroSpace Administration...