LAS VEGAS -- Korea Shipbuilding and Offshore Engineering on Friday signed a partnership with the American Bureau of Shipping to accelerate the development of unmanned large ships. “The cooperation with the ABS will be a great help for HD Hyundai to lead the development and commercialization of autonomous navigation,” said Kim Sung-joon, head of KSOE’s future technology research center. KSOE, the world’s largest shipbuilder and a sub-holding company of HD Hyundai, said t

Mobility Jan. 8, 2023

LAS VEGAS -- South Korean auto parts and mobility solutions provider Hyundai Mobis on Thursday said it will cooperate with global semiconductor developer Qualcomm to develop autonomous driving control unit technology. According to Hyundai Mobis, the two companies will work together on developing control technology for Level 3 autonomous driving, which refers to conditional driving automation that allows drivers to hand over control to the vehicle, but requires them to be ready to take the wheel

Mobility Jan. 6, 2023

LAS VEGAS -- HD Hyundai on Wednesday pledged to transform how people see and use the ocean in order to build a sustainable future. “To solve the most pressing challenges faced by mankind today, including the global energy crisis and climate change, we must capitalize on the infinite potential of the sea,” said Chung Ki-sun, CEO of HD Hyundai, in a press conference held a day ahead of CES 2023 in Las Vegas. “As a future builder, HD Hyundai will take lead in driving a historic ex

Industry Jan. 5, 2023

By Business Desk New opportunities can arise from out of crises. Chiefs of Korea's top conglomerates are banking on words of wisdom for the year ahead as businesses face an age of relentless changes stemming from geopolitical conflicts, inflationary pressures and a recessionary environment. To overcome factors dragging on business activities, uncovering their own path to thrive for growth has become more important than ever as traditional approaches and paradigms have been challenged. In

Industry Jan. 2, 2023

Hyundai Motor Group is considering setting up its first Middle East plant in Saudi Arabia, paving the way for it to secure footing in the region’s burgeoning automotive market. The Saudi Ministry of Industry and Mineral Resources on Saturday announced in a tweet that the kingdom had inked a memorandum of understanding with the South Korean carmaker to advance joint cooperation for the auto industry in the region to achieve its national goal of developing local manufacturing capabilities. M

Mobility Jan. 2, 2023

South Korean companies are gearing up to showcase their latest future technology at the upcoming CES 2023 -- the world’s largest tech convention -- slated to be held from Jan. 5 to Jan. 9 in Las Vegas. According to CES organizer, Consumer Technology Association, this year’s event will feature over 3,100 exhibitors from 173 countries and regions around the world. The CTA expects the four-day event to draw over 100,000 visitors. After years of pandemic disruptions, this year’s

Technology Jan. 1, 2023

North Korea fired three short range ballistic missiles toward the East Sea, the South Korean Joint Chiefs of Staff said Saturday. According to the JCS’s announcement, the S. Korean military detected the launch of the missiles from Chunghwa County in North Hwanghae Province at around 8 a.m. The JCS said the missiles flew about 350 kilometers before falling into the East Sea. “Bolstering the surveillance and vigilance, our military is maintaining readiness with the close cooperation be

North Korea Dec. 31, 2022

South Korea will look to make the most of the US Inflation Reduction Act for domestic battery and energy companies while trying to prevent drawbacks for the country’s carmakers, Minister of Industry, Trade and Energy Lee Chang-yang said Wednesday. “Regarding the IRA, it’s a situation where we have to reduce damages and maximize benefits from the law. We are one of the fastest and strongest responding countries,” Lee said in a meeting with reporters. The IRA, which was sig

Industry Dec. 29, 2022

A group of researchers led by South Korean scientists have developed the world’s first meta-learning electric skin technology that enables typing without a keyboard, the Ministry of Science and ICT said Wednesday. The research team of Jo Sung-ho, a computing professor at Korea Advanced Institute of Science and Technology, Ko Seung-hwan, a mechanical engineering professor at Seoul National University and Zhenan Bao, a chemical engineering professor at Stanford, came up with a “spray-o

Technology Dec. 29, 2022

South Korea’s first lunar mission Danuri has successfully entered lunar orbit, the Ministry of Science and ICT and the Korea Aerospace Research Institute said Wednesday. With Danuri’s successful entrance into lunar orbit, South Korea has become the seventh country in the world to have capability to explore the moon. Danuri, also known as the Korea Pathfinder Lunar Orbiter, began circling around the moon at the targeted orbit altitude of some 100 kilometers above the lunar surface on

Technology Dec. 28, 2022

Genshin Impact, an open-world action role-playing game, or RPG, has demonstrated its popularity once again as the game-inspired Samsung Electronics foldable smartphones and earbuds sold out shortly after they went on sale last week. According to Chinese game and animation studio HoYoverse, the 100 units of the Genshin Impact edition of the Galaxy Z Fold 4 and the 200 units of the game-themed Buds 2 Pro earbuds were all gone only 14 minutes after they became available for purchase on Samsung'

Technology Dec. 28, 2022

NCSoft’s first console title “Throne and Liberty” will be a “play for all” title that can revive the authentic feel of a massively multiplayer online role-playing game, or MMORPG, the South Korean game maker’s CEO said Tuesday. “Throne and Liberty has been developed as a ‘play for all’ game that everyone can enjoy. The PC and console platforms can express the characteristics of TL and make it fun. The value and feel of an MMO that can’t

Industry Dec. 27, 2022

Hanwha Group’s planned acquisition of Daewoo Shipbuilding and Marine Engineering, the nation’s No. 2 shipbuilder, is once again fueling speculation over its possible attempt to take over Korea Aerospace Industries, the sole aircraft maker here that would complete the conglomerate’s vision to become the Korean version of Lockheed Martin. The rumor of Hanwha looking into buying the state-run Export-Import Bank of Korea’s 26.41 percent stake in KAI began late September after

Industry Dec. 26, 2022

The Grand Cherokee -- Jeep’s flagship sport utility vehicle -- has been at the top of the game in the global SUV market. As the most-awarded SUV model, it has won over 700 accolades since its first generation made its debut in 1992, according to the carmaker. The all-new Grand Cherokee 4xe, a plug-in hybrid SUV that recently became available for sale in South Korea, features the carmaker’s latest EV technology and off-road strengths. The Grand Cherokee 4xe allows drivers to select

Mobility Dec. 25, 2022

SsangYong Motor will change its name to KG Mobility to maximize the carmaker’s strengths in the future, KG Group Chairman Kwak Jea-sun said Wednesday. “The name -- SsangYong Motor -- has a fandom with good memories, but it also has a painful image,” Kwak said at an event held by the Korea Automobile Journalists Association at Four Seasons Hotel Seoul. “From now, all SsangYong cars will come out to the world under the name of KG. Even with the name change, SsangYong Motor&

Mobility Dec. 22, 2022