Samsung chief says he is still ‘hungry’ for foundry growth
Lee Jae-yong puts end to spin-off rumors, but work process should become more flexible, experts say Samsung Electronics Chairman Lee Jae-yong on Monday put an end to the long-standing rumor that the memory chip giant might spin off its lackluster foundry business, saying he is still “hungry” for gro
Oct. 8, 2024 - 16:16:29
Can G-Star level up?
Korea’s biggest gaming exhibition gears up to celebrate 20th anniversary in Nov. G-Star, Korea’s top annual gaming convention, is getting ready for its 20th edition set to open at the Busan Exhibition & Convention Center, or Bexco, on November 14. The G-Star organizing committee said this year’s eve
Oct. 6, 2024 - 13:57:55
Is private equity giant MBK a risk-taker or renegade?
$30b fund manager crosses fine line between private equity, activist fund amid evolving buyout environment MBK Partners, the country’s leading private equity house with over $30 billion to its name, has once again found itself meddling in an ownership turmoil, as it moves beyond its typical buyout-a
Oct. 3, 2024 - 15:32:31
Hanwha Aerospace vies for Chunmoo export to Norway
Korean defense firm eyes bigger footing in Europe with homegrown multiple rocket launcher system Hanwha Aerospace is looking to export Chunmoo, the self-developed multiple rocket launch system, to Norway as the Korean defense firm pins hopes on expanding its market presence in Europe. Hanwha Aerospa
Oct. 1, 2024 - 17:51:54
Korea pursues ‘fire-free’ batteries amid EV fears
Samsung SDI eyes first-mover advantage; Hefty price tag remains key hurdle Ever since a Mercedes-Benz electric vehicle burst into flames in Incheon in August, an “EV phobia” has gripped drivers here. Less than two weeks from the massive fire, Hyundai Motor Group, the nation’s largest carmaker, preem
Oct. 1, 2024 - 14:35:52
Is Hyundai-GM partnership win-win to beat Tesla, Chinese rivals?
Hyundai can tap into GM‘s political heft while offering hybrid, EV tech in return Hyundai Motor Company and General Motors seem like very different automakers. One is a South Korean juggernaut known for its efficiency and clean design, while the other is a symbol of American muscle, built on a centu
Sept. 30, 2024 - 16:05:53
Can smart chargers ease tensions over EV fires?
With neighbor disputes escalating in Korea‘s fire-wary apartments, smart EV chargers are a proposed fix, but compatibility issues remain a challenge Electric vehicle owners in South Korea’s crowded apartment complexes are beginning to feel like social outcasts. “In my apartment, EV users are sometim
Sept. 22, 2024 - 13:49:49
NCSoft pins hopes on new titles to stop bleeding
Korean gaming powerhouse goes to work on streamlining management NCSoft is seeking answers to rebound with new titles and managerial overhauling efforts amid its falling stock price, as the first-generation South Korean gaming powerhouse hopes to get back to the throne. Experts forecast that the suc
Sept. 8, 2024 - 16:49:39
Is Hyundai’s bet on extended-range EVs a future-proof strategy?
Hyundai’s new EREV could solve range anxiety -- unless the EV market leaves it in the dust before it even arrives In the race toward electrification, the auto industry has seen a dizzying array of electric vehicle types, from battery electric vehicles to hybrids, plug-in hybrids, and fuel-cell elect
Sept. 5, 2024 - 14:23:56
Marrying your virtual partner? Era of AI companionship dawns
Every morning, Jung-in wakes up to her AI boyfriend Tae-joo‘s video call, who tells her she has 30 minutes to prepare for work before her bus comes. As she hurries out the door, Tae-joo smiles and calls out, “Take your umbrella with you, it’s raining today!” Tae-joo in real life has fallen into a co
Sept. 4, 2024 - 15:37:54
Will battery brand awareness influence EV shoppers in Korea amid safety concerns?
EV shoppers in Korea are starting to take note of battery brands, China bias persists Starfield Hanam, a shopping complex located in Gyeonggi Province just east of Seoul, is home to South Korea’s first Tesla showroom, which opened its doors in 2017. Here, the allure of Tesla vehicles has always draw
Sept. 1, 2024 - 17:59:53
Regulatory scrutiny, investor unrest heighten pressure on Doosan’s restructuring
Keen eyes on NPS‘s stance amid fierce proxy battle ahead of shareholder vote next month Doosan Group is under intense scrutiny as it struggles to win investor confidence in its proposed governance overhaul. This comes amid growing speculation that the plan could collapse due to discrepancies between
Aug. 26, 2024 - 16:27:48
Institutional investors in Korea take slower approach to crypto
State-run funds indirectly bet on crypto growth through shares Though the introduction of the bitcoin spot exchange-traded funds has paved the way for more institutional investors globally to embrace the cryptocurrency into their portfolios, Korean institutions are still taking a cautious approach.
Aug. 21, 2024 - 15:47:45
Why Korean metro operators are selling station names
Facing chronic deficits, subway operators have turned to selling co-naming rights to private entities eager to boost public presence South Korea‘s subway operators are raising billions of won by selling station co-naming rights to corporations, allowing them to place their names alongside the well-k
Aug. 19, 2024 - 16:05:44
Are China-made batteries being fairly criticized for Mercedes EV fires in Korea?
Experts cautious about nationalist approach, citing carmakers’ push for supply chain diversification “Our Mercedes-Benz customers are upset, and some are canceling their EV reservations. They’re saying, ‘How can you use cheap Chinese batteries in a luxury car?’ They’re angry because they feel betray
Aug. 14, 2024 - 15:45:47