KAI, Bell Textron sign MOU on South Korea’s next-generation high-speed utility helicopter Korea Aerospace Industries, or KAI, said April 29 it signed a memorandum of understanding with U.S. aircraft maker Bell Textron on April 27 (local time) to jointly develop a solution for South Korea’s next-generation high-speed medium utility helicopter, known as HSMUH. The signing ceremony was held at Bell Textron’s headquarters in Fort Worth, Texas. Attendees included Cho Jeong-il, head of KAI’s rotorcraft business division, and Jeff Schloesser, senior vice president for strategic busine April 29, 2026

After UAE Exit, Kazakhstan and Iraq Seen as Possible Next OPEC Defectors The market is watching for the next potential crack in OPEC after the United Arab Emirates left the oil producers group, with Kazakhstan and Iraq now most often cited as possible candidates. Even so, many analysts say the OPEC framework is unlikely to face immediate upheaval. U.S. financial news outlet MarketWatch reported Monday that parts of the energy industry view Kazakhstan and Iraq as the most likely to follow the UAE. The reasoning is that both countries have room to raise crude ou April 29, 2026

SK Magic Launches MEGA ICE Water Purifier With Ice Cubes Twice the Size SK Magic said Tuesday it has launched a new product, the “MEGA ICE ice-making water purifier,” aimed at meeting summer demand for ice. The company said the model focuses on ice quality and can produce “mega ice” cubes of about 25 grams — more than twice the size of typical cubes of about 11 grams. It said a single dispense can fill a large cup, and that the firm, clear ice melts more slowly to help keep drinks and foods tasting fresh longer. SK Magic said the unit can make up to 5.7 ki April 29, 2026

South Korea Approves 3 Regional Job Projects, Pledges 21.2 Billion Won for Busan-Ulsan-Gyeongnam, Daegu-Gyeongbuk and Chungcheong The South Korean government is moving ahead with a large-scale support program aimed at more balanced regional development and job creation built around mega-regional blocs. The Ministry of Employment and Labor said Tuesday it had finalized three joint project plans under its “Wide-Area Link Project” after a public call and review process. The approved regions are Busan-Ulsan-South Gyeongsang; Daegu-North Gyeongsang; and Daejeon-Sejong-North Chungcheong-South Chungcheong. The program is April 29, 2026

Hyundai Motor Group, University of London SOAS Share Research on Africa Mobility Industry Hyundai Motor Group said it held a briefing on April 28 at its headquarters in Seoul to share Africa-related research results with the Centre for Sustainable Structural Transformation, or CSST, under SOAS University of London. SOAS is one of the 17 colleges that make up the University of London and specializes in Asian and African studies. CSST, established under SOAS in 2024, has been studying long-term industrial policy and practical tasks for Africa’s sustainable growth under the lead April 29, 2026

Korean Air Chosen to Lead SkyTeam Safety, Security and Quality Advisory Group Korean Air will help steer safety policy for SkyTeam, the global airline alliance. Korean Air said Tuesday it was elected chair airline of SkyTeam’s Safety, Security and Quality advisory group, known as SSQ. Bennett Allen Walsh, head of Korean Air’s Aviation Safety and Security Office, will serve a two-year term as an SSQ committee chair. The SSQ chair airline advises SkyTeam member carriers on safety, security and quality policies, as members work to raise industry standards worldwide. April 29, 2026

Korea Investment & Securities: Hantech Leads Heat Exchanger Makers in North America Sales Share Korea Investment & Securities said Tuesday that Hantech has the highest share of North American sales among South Korean heat exchanger makers. It did not provide a target price or investment rating. Kim Geon-woo, an analyst at Korea Investment & Securities, said Hantech is a maker of chemical-process equipment, with heat exchangers as its main product, and noted that liquefied natural gas, or LNG, infrastructure expansion is accelerating in the United States and Canada. April 29, 2026

Hyundai Glovis Adds ‘Glovis Leader,’ World’s Largest Car Carrier, to Fleet Hyundai Glovis has introduced what it called the world’s largest pure car and truck carrier, aiming to strengthen its position in the global finished-vehicle ocean transport market. The company said 29일 it will deploy the 10,800-vehicle PCTC, the Glovis Leader, for finished-vehicle shipping. A naming ceremony was held 28일 at the GSI shipyard in Guangzhou, China, attended by Hyundai Glovis CEO Lee Kyoo-bok and other officials. The vessel is 230 meters long and 40 meters wide, with a we April 29, 2026

Veterans Affairs Minister Kwon Oeul Meets Heads of Six Veterans Hospitals to Review Medical Supplies Kwon Oeul, South Korea’s minister of Patriots and Veterans Affairs, will meet with the heads of six veterans hospitals to review operations and share improvement cases, the ministry said. The ministry said the meeting will be held Tuesday afternoon at the Government Complex Sejong, with Kwon; Yoon Jong-jin, chairman of the Korea Veterans Welfare and Healthcare Corp.; and the directors of the veterans hospitals in Seoul, Busan, Gwangju, Daegu, Daejeon and Incheon. Officials plan to April 29, 2026

Auto China 2026: BYD, Geely tout AI and battery advances to defend home market Chinese automakers rolled out new electric models packed with the latest technology at the motor show, betting that strong battery engineering and AI-driven features can help them hold their ground at home against global brands’ premium appeal. According to the industry on April 28, BYD applied the theme “All things move toward renewal” to its Dynasty lineup and introduced a wave of new vehicles, including the flagship SUV Datang, the third-generation Yuan Plus and the Song Ul April 29, 2026