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Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Monday that it will begin conducting test rides of level 4 autonomous driving in Incheon this month to accelerate the commercialization of self-driving vehicles. The Society of Automotive Engineers categorizes autonomous dri...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
South Korea's top container shipper HMM said Monday it will push to expand its fleet sharply over the next seven years in a bid to boost its competitive edge and secure a stable business base. Under the mid- and long-term strategy, HMM will raise its container shipping capacity to 920,000 twenty-f...
GN Food, the operator of South Korea's leading roasted-chicken franchise Goobne Chicken, said Monday it has opened its fourth outlet in the United States. With the opening of the store located in Los Angeles' Korea Town, Goobne has four US outlets that include two in LA and one in Texas, GN Food s...
Earnings of Korean steel companies in the first quarter are expected to fall due to increased prices of raw materials and the sluggish construction market, according to reports from local securities companies, Sunday. Analysts had a bleak outlook for Posco, the country's steel giant, expecting tha...
The stock price of New York-listed e-commerce giant Coupang surpassed $20 a share on Friday for the first time in 18 months, following the company's announcement it would raise membership fees by nearly 60 percent. Coupang's stock price closed trading at $21.25 on Friday, marking an 11.49 percent ...
South Korea's leading ramyeon manufacturer Nongshim plans to prioritize the promotion of Chapagetti, its black bean-flavored ramyeon product, to diversify its overseas marketing appeal. Following Shin Ramyun, its top-selling instant noodle product, the company will now focus on promoting its 40-ye...
CJ CheilJedang said Sunday that it has started local production of kimchi, under the brand Bibigo, in Australia, while reformulating its existing kimchi products exported from Korea to the country. The company is responding to growing demand for freshly pickled kimchi in Australia by using local i...
Hyundai Motor Group plans to expand operations at its HTWO Guangzhou facility -- its first overseas hydrogen fuel cell system production plant -- by initiating pilot projects for commercial hydrogen fuel cell vehicles this year. Lee Hyuk-joon, executive vice president of Hyundai Motor Group China,...
South Korean e-commerce giant Coupang said Friday it will raise its monthly membership fee for paid users by 58 percent, in an apparent move to secure further capital amid growing challenges from Chinese rivals. Coupang plans to charge its paid WOW membership users 7,890 won ($5.7) starting Saturd...
Korean automaker Kia on Thursday officially unveiled its first-ever pickup truck, the Kia Tasman, setting its sights primarily on the Australian market with a diesel-powered model planned for 2025. The Tasman, whose name pays homage to the Tasman Sea that lies between Australia and New Zealand, re...
Through its six years of successful transformation, AXA now stands to ramp up its core business operations through the utilization of data and artificial intelligence technology to accelerate the development of innovative services, the subsidiary elaborated. For AXA Korea, Buberl also emphasized f...
Naver Cloud, the cloud computing arm of South Korea's tech giant Naver, said Thursday it will join hands with US chipmaker Intel to create an artificial intelligence (AI) chip software ecosystem in South Korea. The two companies have agreed to provide IT infrastructure based on Intel's AI accelera...
Korea's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are buckling up for the impact of their first-quarter earnings, which are certainly looking dispirited amid the withering demand for electric vehicles across the globe. According to LG Energy Solution’s preliminary e...
Hyundai Motor to inject extra W1.3tr in Motional
Hugel to develop next-generation botulinum toxin product
Samsung Life Science Fund invests in US gene therapy firm
Hyundai Motor aims to lead hydrogen truck business in US
KASA chief vows full support for private-led space missions
Global X Canada debuts as Mirae Asset aims unified global ETF brand