Hyundai Motor Group signs multilateral MOU to build hydrogen ecosystem in Hong Kong SEOUL, May 18 (AJP) - Hyundai Motor Group said Monday it has signed a multilateral memorandum of understanding with nine other companies to create a hydrogen ecosystem in Hong Kong, positioning the city as a gateway for the group's broader push into the Asia-Pacific hydrogen market. Hyundai Motor and Hyundai Engineering & Construction signed the agreement during the International Hydrogen Development Symposium 2026 at the Hong Kong Convention and Exhibition Centre. The May 18, 2026

Hyundai Motor, Kia expand EV research network with Indian universities SEOUL, May 18 (AJP) - South Korean automakers Hyundai Motor and Kia have expanded their joint research network with leading Indian universities to strengthen core technologies in electric vehicle batteries and electrification, the companies said Monday. Four universities — IIT Hyderabad, IIT Kanpur, Visvesvaraya National Institute of Technology Nagpur and Tezpur University — signed agreements to participate in the network under the Hyundai Center of Excellence for futu May 18, 2026

Samsung takes aim at OLED dominance with ultra-bright micro RGB TV SEOUL, May 18 (AJP) - Samsung Electronics is intensifying its assault on the ultra-premium television market, leveraging next-generation display technology and generative artificial intelligence to challenge the dominance of OLED panels. The South Korean tech giant's 2026 Micro RGB TV (Model: R95H) is garnering strong endorsements from major tech reviewers in the U.S. and U.K., signaling a potential shift in the high-end display landscape. The strategy heavily targets the t May 18, 2026

HD Hyundai Marine Solution to maintain power engines for US data center SEOUL, May 18 (AJP) - HD Hyundai Marine Solution is entering the North American data center power market. The company said Monday that it recently signed a memorandum of understanding with Aperion Energy Group, or AEG, a U.S. energy infrastructure developer, to provide maintenance services for power engines used at a data center. Under the agreement, the two companies will cooperate for the long-term maintenance and operation of 33 power engines at a data center AEG is building i May 18, 2026

HD Hyundai XiteSolution secures forklift orders in Africa, Middle East SEOUL, May 18 (AJP) - HD Hyundai XiteSolution has secured a series of forklift contracts in Africa and the Middle East, expanding its presence in emerging industrial markets. The company said it recently signed a 37 billion won ($25 million) contract with the Algerian government to supply 316 industrial vehicles. The equipment will be delivered to Algeria in stages by August this year. It said it won the large-scale order by proposing equipment suited to Algeria’s local ope May 18, 2026

Court partly sides with Samsung ahead of looming labor strike SEOUL, May 18 (AJP) - A local court on Monday ordered labor unions at Samsung Electronics to maintain normal staffing levels at critical semiconductor facilities even if they go ahead with a planned walkout later this week over wages and performance bonuses. Otherwise, they could face massive fines, dealing a major blow to the unions' plans just days before a deadline for their unprecedented level of strike. The Suwon District Court partially granted an injunction sought by m May 18, 2026

Flights to Southeast Asia hit hardest as fuel costs force LCCs to cut routes SEOUL, May 18 (AJP) - South Korean low-cost carriers are cutting more international flights, particularly on Southeast Asian routes, even as fuel surcharges for June eased slightly from their peak, raising concerns over passenger inconvenience and limited compensation. Since the outbreak of the Middle East war, domestic low-cost carriers (LCCs) and mid-tier carriers have reduced more than 1,100 round-trip international flights, with Southeast Asian routes accounting for a large port May 18, 2026

Samsung braces for 'make-or-break' labor talks as strike deadline looms SEOUL, May 18 (AJP) - While the catastrophic risk of a full-scale chip strike looms larger than ever over South Korea's tech industry, Samsung Electronics' management and its largest labor union locked horns in a critical, last-ditch round of government-mediated talks on Monday to avert a historic shutdown. The high-stakes showdown comes just three days before a planned 18-day walkout by up to 50,000 workers, a disruption that industry insiders warn could inflict a staggerin May 18, 2026

T'way Air gains license to change name to Trinity Air SEOUL, May 18 (AJP) - South Korean low-cost carrier T'way Air is moving ahead with its transition to Trinity Air after receiving approval from the Ministry of Land, Infrastructure and Transport for its new corporate name. T'way Air said Monday that it received a revised license from the ministry on May 15 to change its name to Trinity Air. The new name, Trinity, comes from the Latin word “Trinitas,” meaning the unity of three. The company said the name reflect May 18, 2026

South Korean government threatens emergency mediation to stop Samsung strike SEOUL, May 17 (AJP) - The South Korean government officially raised the possibility of invoking emergency mediation powers for the first time to avert a looming general strike at Samsung Electronics. Prime Minister Kim Min-seok issued a public statement on Sunday, warning that the state would use all available legal measures if the walkout severely damages the national economy. The announcement puts maximum pressure on both management and labor ahead of a critical post-mediation m May 17, 2026