Vehicles produced by the German big three made up 92.1 percent of the total recalled cars between January 2018 and August 2022

Concerns over steel supply disruption is rising over unionized workers at South Korea's second-largest steelmaker Hyundai Steel threatening to stage sit-in protests. The workers’ threats come amid stalled wage negotiations at a critical time, as the country’s largest steelmaker Posco is reeling from typhoon damage. According to industry news reports on Wednesday, Hyundai Steel’s labor union, whi...

LG Innotek said Wednesday that it is showcasing its latest substrate products at an international trade show kicking off this week. The electronics component manufacturer will be participating in the Korea International Electronic Circuits and Packaging Show 2022 held in Songdo, Incheon, from Wednesday to Friday. One of the key products to be unveiled is its new FC-BGA -- flip-chip ball grid ar...

Posco Chemical said Wednesday that its joint venture with OCI Co., called P&O Chemical, has started construction of a new local plant to produce a key coating material used in secondary batteries. The plant, located Gongju, South Chungcheong Province, will have an annual production capacity of 15,000 tons of pitch, a carbon material used for coating the surfaces of anodes, a key component in rec...

SEJONG -- South Korea has seen the portion of power generation facilities for renewable energy of the total generation output exceeding 20 percent for the first time this year, state data showed Tuesday. According to the Korea Power Exchange, the capacity of renewable energy came to 27,103 megawatts as of September, which marked 20.1 percent of 134,719 megawatts in collective power generation fa...

Consumption of alcohol shows general decline in S.Korea in last 5 years

Hyundai Steel has succeeded in producing low-carbon, high-strength steel plates, the company said Tuesday. It says it has become the first steelmaker globally to produce high-strength steel plates by using an electric arc furnace, which helps reduce carbon emissions drastically during the whole process. Electric arc furnaces are being increasingly adopted by steelmakers as they seek a strategic ...

LG Chem is renewing its commitment to upgrading value for customers, declaring 2022 as the “year of customers,” the company said Tuesday. As part of its efforts, the South Korean chemical specialist is extending its customer service network, called Customer Solution Campuses, around the world. Following Korea’s first CS Campus Daejeon in 1995, there are an additional two CS establishments in Os...

The number of people visiting cinemas in June nearly reached pre-pandemic levels, about 94 percent of figures seen in January 2019, according to a study released Monday. The number of moviegoers in the first half of this year surged 178 percent compared to the same period last year, according to a Lotte Members and Shinhan Card big data study conducted by aggregating data from all Lotte Cinema l...

Kakao Mobility and Hyundai Motor Group said Monday they have teamed up to debut a new taxi-hailing service using autonomous driving technology, with the first test-run set to be carried out within the year. The two firms said they have recently signed a memorandum of understanding to test driverless driving technology and seek a mass-market debut of the new service. Under the partnership, Hyund...

Samsung Electronics Co. expanded its market share of the global semiconductor industry in the second quarter, maintaining its top spot, a research showed Monday. Samsung's chip revenue for the April-June period came in at a record quarterly high of $20.3 billion on the back of solid server demand, taking up 12.8 percent of the global total of $158.1 billion, according to research firm Omdia. Sa...

SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, held meetings with Japanese political and business leaders, including Prime Minister Fumio Kishida, to ask Tokyo’s support for South Korean port city Busan’s bid to host the 2030 World Expo. Chey stayed in Tokyo on Thursday and Friday, according to the KCCI -- the nation’s largest business lobb...

Posco Group Chairman Choi Jeong-woo (right) joins efforts to remove mud and debris at the steel giant’s plant in the southeastern city of Pohang on Saturday. Posco said it aims to fully normalize operations of the typhoon-hit plant by early December. (Posco)

Jeju Air Co., South Korea's leading budget carrier, said Sunday it has signed an initial pact with an Indonesian provincial government for a partnership to open a new route between the two countries. Jeju Air has signed a memorandum of understanding with North Sulawesi Province to explore opportunities to offer flights to the Southeast Asian country, the company said in a statement. The Indones...

Hyundai Engineering & Construction Co., South Korea's leading builder, said Sunday it has received a 1.9 trillion-won ($1.4 billion) railway order in the Philippines. Hyundai E&C will build a 56-kilometer railway connecting the capital city of Manila to the southern city of Calamba in the next six years, the company said in a statement. The company said it recently received notification that it...