SK Energy partners with Cathay Pacific to expand green aviation fuel exports

Korean oil refiner SK Energy announced Tuesday that it recently signed a comprehensive partnership with Hong Kong-based airline Cathay Pacific Airways to promote the expansion of its sustainable aviation fuel exports. The partnership explores the potential supply of SAF for cargo planes in addition to its current use in passenger aircraft, and considers exporting the fuel for use at overseas airports, according to SK Energy. The agreement builds on an earlier deal under which SK Energy committed

March 11, 2025

Hyundai retains No. 3 spot in EV sales outside China

Hyundai Motor Group maintained its position as the third-largest automaker in electric vehicle sales outside China in January, according to a report by SNE Research released Monday. The report stated that Hyundai Motor Group delivered 37,000 EVs — including all-electric and plug-in hybrid models — outside of China in January, holding onto the third-place ranking it achieved last year. In the global EV market share rankings, which exclude China, Hyundai Motor Group held an 8 percent market share,

March 10, 2025

Humanoid Atlas readies for Hyundai's assembly lines

Boston Dynamics’ latest Atlas humanoid robot is being trained in a lab ahead of its deployment at Hyundai Motor Group’s production plants later this year. The Korean auto giant said Sunday that its US-based robotics division plans to conduct a series of pilot tests to evaluate the robot’s capabilities in various tasks, including identifying and assembling different parts as well as detecting faults on assembly lines. (Photo provided b y Hyundai Motor Group)

March 9, 2025

HD Hyundai’s vice chair visits US naval academy to bolster shipbuilding ties

Chung Ki-sun, executive vice chairman of Korean shipbuilding conglomerate HD Hyundai, recently visited the US Naval Academy in Maryland, the company announced Sunday. During his visit on Friday, Chung met with key academy officials, including Superintendent Vice Admiral Yvette M. Davids and Academic Dean Samara Firebaugh. He also toured the academy’s hull structure class and fluid dynamics laboratory, engaging with faculty and students in discussions about the future of the naval industry. "Sout

March 9, 2025

[Photo News] New Porsche studio in Hannam

Porsche opened its fifth showroom in Korea, Porsche Studio Hannam, in Yongsan-gu, central Seoul, on Wednesday. Operated by the brand's Korean dealer, Stuttgart Sports Cars, the studio spans four floors, including a basement level, with each floor showcasing unique concepts. Porsche Korea says it will host a variety of events, from consultations for its customers to art and music programs, all designed to offer diverse experiences that deliver the brand’s value in innovative ways. (Porsche Korea)

March 6, 2025

LS secures $25m deal to supply aluminum cables to US solar projects

Korea's LS Cable & System and its Vietnam-based subsidiary, LS Eco Energy, will supply $25 million worth of aluminum electricity cables to a US solar power facility company, LS Cable & System announced Thursday. The 35,000-volt aluminum cables will be used to construct power grids for solar power complexes across multiple states, including California, New Jersey, and Indiana. LS Cable & System did not disclose the name of the client company. The deal marks a milestone in LS's US exports, which h

March 6, 2025

KG Mobility debuts Korea's first electric pickup Musso EV

Korean automaker KG Mobility officially launched its first electric pickup truck, the Musso EV, on Wednesday at its headquarters in Pyeongtaek, Gyeonggi Province. The launch ceremony was attended by KG Mobility Chairman Kwak Jae-sun, Co-CEOs Hwang Ki-young and Park Jang-ho, along with officials from Chinese battery maker BYD, which supplies the battery system for the new electric vehicle. “While the Torres and Actyon were planned when the company was still known as SsangYong Motor, the Musso EV

March 5, 2025

KHNP issues Asia's first nuclear green bond

Korea Hydro & Nuclear Power, South Korea’s state-run energy provider, announced Wednesday that it has issued Asia’s first corporate green bond dedicated to nuclear power generation. The bond, with a total value of 1.2 billion Hong Kong dollars ($154 million) and a three-year term, will be exclusively used to improve nuclear power plant safety, and fund research and development of next-generation nuclear power technologies. Recognized for KHNP’s expertise in managing green bonds, the bond's frame

March 5, 2025

Hankook chief vows to revive Hanon Systems within 3 years

Cho Hyun-bum, chairperson of Hankook & Co., has pledged to restore newly acquired Hanon Systems' business within three years, vowing to implement sweeping reforms, the company announced Tuesday. “It is critically important how we innovate Hanon Systems — a company that owns core mobility technologies — over the next three years by accurately analyzing and correcting its past errors and wrong practices,” Cho said during a management strategy meeting Friday. “While prioritizing execution over plan

March 4, 2025

30 residents evacuated after apartment fire in Daegu

A fire caused by a butane gas explosion in a Daegu apartment led to 30 residents being evacuated on Monday. The fire began at 8:59 a.m. after a portable stove gas canister exploded while the resident was boiling gomtang, or beef-bone soup. The flames reached several stories high, causing 21 residents in other units to evacuate. Nine residents were rescued by firefighters. Some residents complained about headaches, difficulty breathing and eye sores caused by smoke inhalation, but no deaths were

Dec. 3, 2024