Industry

  • Hyundai Motor Group conducts executive reshuffle, naming 4 new presidents
    Hyundai Motor Group conducts executive reshuffle, naming 4 new presidents SEOUL, December 18 (AJP) - Hyundai Motor Group on Thursday carried out its regular executive reshuffle, promoting four senior executives to the rank of president. Manfred Harrer was promoted to president and continues to serve as head of the research and development divisions at Hyundai Motor and Kia Corp. Born in 1972, Harrer holds a master’s degree in mechanical engineering from Munich University of Applied Sciences and a doctorate in mechanical engineering from the U December 18, 2025
  • CJ CheilJedang brings Bibigo brand to Netflixs Culinary Class Wars Season 2
    CJ CheilJedang brings Bibigo brand to Netflix's Culinary Class Wars Season 2 SEOUL, December 18 (AJP) - CJ CheilJedang said Thursday it has supplied a branded pantry stocked with Korean food products for Netflix's cooking competition series Culinary Class Wars Season 2 expanding its global marketing push following a similar tie-up with Squid Game Season 2. The food giant provided a dedicated Bibigo-branded pantry that appeared in episodes released on Dec. 16, featuring ingredients ranging from basic condiments to signature ready-to-eat products for compe December 18, 2025
  • Hyundai Motor Group to expand plug-and-charge EV network in South Korea
    Hyundai Motor Group to expand plug-and-charge EV network in South Korea SEOUL, December 18 (AJP) - Hyundai Motor Group said on Thursday it will begin a large-scale expansion of its plug-and-charge (PnC) electric vehicle charging network next year, aiming to make EV charging more convenient and secure for drivers. Plug-and-charge is an international standard that automatically manages user authentication, charging and payment when a vehicle is connected to a charger, the automaker said. Unlike conventional EV charging systems that require drivers December 18, 2025
  • K-Sure provides $1.7 billion financing for Verizons purchase of Samsung devices
    K-Sure provides $1.7 billion financing for Verizon's purchase of Samsung devices SEOUL, December 18 (AJP) - Korea Trade Insurance Corp. (K-Sure) said on Thursday it will provide $1.7 billion in financing for a project under which Verizon Communications Inc., the largest telecommunications operator in the United States, will purchase mobile devices from Samsung Electronics. Verizon, which K-Sure said has about 150 million subscribers and the largest share of the U.S. telecom market, will use the entire amount to buy Samsung-made communications devices, includ December 18, 2025
  • Hanwha Systems to supply cockpit displays for F-15 jets in deal with Boeing
    Hanwha Systems to supply cockpit displays for F-15 jets in deal with Boeing SEOUL, December 18 (AJP) - South Korea's Hanwha Systems said on Thursday it has secured its first foothold in the U.S. defense market by winning a contract to export digital avionics equipment to Boeing. The South Korean defense company said it has signed a deal to supply Boeing with a large-area multifunction display, known as the enhanced large-area display (ELAD), for F-15K fighter jets and the U.S. Air Force’s F-15EX aircraft. The display integrates information December 18, 2025
  • Samsung C&T advances Australian energy push with HVDC transmission deal
    Samsung C&T advances Australian energy push with HVDC transmission deal SEOUL, December 18 (AJP) - Samsung C&T Corp.’s construction unit said on Thursday it has won a high-voltage direct current (HVDC) transmission project in Australia. The company said it signed a contract with Marinus Link, a government-backed company established by Australia’s federal government and the state governments of Victoria and Tasmania, for the Marinus Link HVDC project. The project involves the engineering, procurement and construction of a 750-meg December 18, 2025
  • Naver seeks to complete acquisition of Spains Wallapop, steps up European expansion
    Naver seeks to complete acquisition of Spain's Wallapop, steps up European expansion SEOUL, December 18 (AJP) - South Korean internet company Naver Corp. is entering the final stages of its acquisition of Wallapop, Spain’s largest consumer-to-consumer marketplace, accelerating its expansion into Europe, industry sources said on Thursday. Naver said the deal is aimed at strengthening its position in the global consumer market while enhancing services through the integration of its core artificial intelligence technologies. Naver said on Tuesday that it wil December 18, 2025
  • Koreas Doosan Corp. named preferred bidder for wafer maker SK siltron
    Korea's Doosan Corp. named preferred bidder for wafer maker SK siltron SEOUL, December 18 (AJP) - Heavy-equipment-strong South Korean conglomerate Doosan Group has moved closer to the chipmaking segment after being named the preferred bidder to acquire SK siltron, the world’s third-largest maker of silicon wafers. SK Inc. said in a regulatory filing Wednesday that it had notified Doosan Corp. of its selection as the preferred negotiating partner for the sale of its stake in SK siltron. SK Inc. holds 70.6 percent in the wafer entity. Given December 18, 2025
  • LG Energy Solution ends $6.5 bn deal with Ford amid EV slowdown
    LG Energy Solution ends $6.5 bn deal with Ford amid EV slowdown SEOUL, December 17 (AJP) -South Korea's LG Energy Solution said Wednesday it has terminated an electric vehicle battery supply contract with Ford Motor worth an estimated 9.6 trillion won ($6.5 billion), after the U.S. automaker decided to halt production of some EV models amid shifting policy conditions and a softer demand outlook. In a regulatory filing after the stock market closure, the South Korean battery maker said the termination followed formal notice from Ford, which December 17, 2025
  • Hanwha to develop radar for South Koreas next-generation missile shield
    Hanwha to develop radar for South Korea's next-generation missile shield SEOUL, December 17 (AJP) - Hanwha Systems said it has secured a contract worth about $135 million to develop a multifunction radar for South Korea’s next-generation Cheongung-III missile defense system. The contract is part of the M-SAM Block-III program, led by the Agency for Defense Development (ADD), and will run through June 2030, the company said on Wednesday. The project represents the first full-scale development of the Cheongung-III system since the upgrade of C December 17, 2025