Industry
Daimler Trucks forms joint venture with Hyosung Group's FMK for Korean market
Daimler Truck and Hyosung Group's subsidiary FMK announced on the 14th that they have established a strategic joint venture to serve as domestic importers (official importers). The Mercedes-Benz brand...
Kwon Yoo-jeong
Daimler Trucks forms joint venture with Hyosung Group's FMK for Korean market
Daimler Trucks, FMK Launch Joint Venture as Korean Importer for Mercedes-Benz
On the 14th, Daimler Truck, one of the world's largest commercial vehicle manufacturers, and FMK, a subsidiary of Hyosung Group, announced the establishment of a strategic joint venture to serve as th...
 
2h ago
|OSEN
Korean pavilion attracts long waits at Osaka Expo with interactive exhibits
On the 13th, the '2025 Osaka-Kansai Expo' was held on the artificial island Yumeshima in Osaka, Japan. As I entered the exhibition hall, a massive wooden structure resembling stacked wooden pillars ca...
 
2h ago
|Lee In-ah
Korea enhances support for small exporters amid U.S. tariff concerns
Eight out of ten small and medium-sized export enterprises are concerned that the United States' reciprocal tariff measures will have a negative impact on exports, leading the government to unveil add...
 
3h ago
|Kim Jeong-eon
Honda Korea and Pirelli Korea sign MOU for exclusive motorcycle tire supply
Honda Korea (CEO Lee Ji-hong) announced on the 14th that it has signed a strategic memorandum of understanding (MOU) with global premium tire brand Pirelli Korea for the supply of premium tires exclus...
 
3h ago
|OSEN
Korean defense firms bid for submarine projects in Poland, Canada
The South Korean defense industry, which primarily exports ground weapons such as the K9 self-propelled howitzer and K2 tank, is challenging itself in submarine exports. The last submarine contract wa...
 
3h ago
|Kim Ji-hwan
Hanwha Momentum launches battery R&D lab to innovate next-generation technologies
Hanwha Momentum announced on the 14th that it has established a process research laboratory for research and development (R&D) of secondary batteries and has begun full-scale operations. The plaque ce...
 
3h ago
|Jeong Mi-ha
Lexus Korea hosts exclusive Katherine Bernhardt exhibition for Amazing Members
Lexus Korea will hold a private docent program for the exhibition "Katherine Bernhardt: Some of All My Work" at the Hangaram Art Museum of the Seoul Arts Center on June 3, targeting the prem...
 
3h ago
|OSEN
Scania Korea delivers first '770 S' model to commemorate anniversary
Scania Korea Group, the Korean subsidiary of the commercial vehicle brand Scania, announced that it held a ceremony to mark the delivery of the first unit of its top-tier tractor model, '770 S.' The n...
 
3h ago
|OSEN
Doosan Enerbility sponsors Prague Spring Festival after meeting with Czech President
Doosan Enerbility’s Czech subsidiary Doosan Škoda Power will officially sponsor the Prague Spring International Music Festival. The Prague Spring International Music Festival opened on the 12th in Pra...
 
3h ago
|Kim Nam-hee
Kia EV9 outperforms Volvo EX90 in Auto Bild's electrified SUV comparison
The results of the comparison evaluation of the ‘2024 World Car of the Year (EV9)’ and the ‘2025 World Luxury Car (EX90)’ have been published in a German automotive magazine. The recent electrified la...
 
3h ago
|OSEN
SK Group launches information security committee, appoints Choi Chang-won as chair
SK Group has established a special committee for information security innovation with the participation of external experts as a follow-up measure to the hacking incident involving SK Telecom subscrib...
 
4h ago
|Jeong Mi-ha
Tada signs cooperation agreement with Korea Mobility Institute for taxi platform growth
VC, the operator of the mobility platform 'Tada,' announced on the 14th that it has signed a business agreement for cooperation in taxi platform operations with the Korea Mobility Research Institute (...
 
4h ago
|OSEN
Falling lithium prices threaten profitability of South Korean cathode material firms
The domestic battery materials industry is aiming to recover its profitability, mainly focused on cathode materials, but concerns about profitability are growing as global lithium prices increase. Con...
 
4h ago
|Kwon Yoo-jeong
Small and medium enterprises export $27 billion in Q1, driven by cosmetics and cars
Due to strong exports of cosmetics and automobiles, small and medium-sized enterprise exports reached $27 billion (approximately 38.27 trillion won) in the first quarter of this year, representing a 0...
 
4h ago
|Park Yong-sun
Kia partners with IIT Tirupati to develop future mobility talent in India
Kia has partnered with the Indian Institute of Technology Tirupati (IIT Tirupati) to cultivate local talent and enhance future mobility capabilities. Kia's India headquarters announced on the 14th tha...
 
4h ago
|Kwon Yoo-jeong
GS Caltex secures approval for B30 biofuel transport in global shipping regulations
GS Caltex announced on the 14th that it has succeeded in improving regulations on global bio marine fuel through public-private cooperation. GS Caltex has been persuading the Ministry of Oceans and Fi...
 
5h ago
|Kwon Yoo-jeong
Hanwha's Kim Dong-seon faces off against Hanmi's Kwak Dong-sin in semiconductor clash
The competition between Hanwha Semiconductor, which produces the core equipment 'TC bonder' used in artificial intelligence (AI) semiconductors, and HANMI Semiconductor is fierce. In particular, both ...
 
6h ago
|Park Yong-sun
BYD expands sales in Korea, launches Atto 3 amid focus on Japan's compact market
Chinese electric vehicle manufacturer BYD is expanding its footprint in the East Asian market, including South Korea and Japan. In the South Korean market, BYD recorded the highest sales among importe...
 
6h ago
|Jin Sang-hoon
LIG Nex1 posts record profits but faces employee backlash over bonuses
LIG Nex1 recorded its highest profit ever in the first quarter of this year due to a defense industry boom, but dissatisfaction among employees is rising. Despite achieving its highest results last ye...
 
7h ago
|Kim Nam-hee
Kia showcases wheelchair accessible PV5 at Future of the Car Summit in London
Kia participated in the Future of the Car Summit, a global forum and exhibition for leaders in the automotive industry held on the 13th in London (local time), showcasing Wheelchair Accessible Vehicle...
 
20h ago
|Kim Ji-hwan
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