According to a report from South Korean media outlet The Bell, Samsung Electronics is intensifying its focus on the robotics sector. As its core businesses, such as semiconductors and mobile devices, face reduced influence, the company is accelerating its efforts to identify and develop new growth d...

As Japanese automakers Nissan and Honda team up to merge by 2026 amid the fierce competition with China’s rivals, South Korean auto giant Hyundai has also made a critical move recently. According to ETNews, the company has disbanded its "Semiconductor Strategy Office," established in early 2022. ...

Negotiations between Hyundai Motor and the U.S. government concerning tax incentives for the Korean automaker's USD 5.5 billion EV plant in Georgia have yet to reach a conclusion. It was first reported on August 31st 2023, indicating that Hyundai Motor Group and LG Energy Solution (LGES) would in...

In May 2023, Hyundai announced a local investment of KRW 2 trillion (approximately USD 1.52 billion) to establish an EV factory in South Korea, with a groundbreaking ceremony held on November 13. The factory is expected to be completed in 2025, with electric vehicle production set to commence in the...

Under strong government support, South Korean automakers are making remarkable strides in the global automotive market. Hyundai Motor, the largest car manufacturer in South Korea, reported a significant surge in its third-quarter operating profit, doubling year-on-year, primarily fueled by the robus...