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Monday, November 11, 2024

BUSINESS

Mercedes fire sparks used EV selling spree as prices plummet

EVs are piling up in the used car market — and prices are sliding — as people terrified by a recent Mercedes EV explosion...

‘Not in my backyard’: EV-phobia spreads across Korea

“I will never buy EVs, and won’t even park my car near EVs,” said Kim Jung-ki, a man in his 50s living in Yongin,...

Hyundai Motor to mass-produce ‘wearable robot’ exoskeleton in December

Hyundai Motor plans to begin mass-producing “wearable robots” this year. The Korean automaker said Wednesday that its domestic plants would begin the mass production of...

SK hynix secures $450M grants for $3.9B investment in Indiana

SK hynix will be given a subsidy of up to $450 million for its $3.9 billion chip-packaging facility in Indiana, the U.S. Department of...

Korean Air, Asiana to swap flight attendants after U.S. approves merger

Korean Air and Asiana Airlines cabin crews will begin swapping duties as early as next year once the two companies' planned merger is approved. The two...

Exploded Mercedes EV had battery from China’s Farasis Energy, gov’t says

A Mercedes EQE that exploded in an underground parking lot in Incheon last week is confirmed to have been topped with batteries made by...

Hyundai Motor shifts focus to hybrid models as EV sales slow

Hyundai Motor is adding hybrid models to all of its existing lineups, a major strategic shift from prior plans that heavily favored pure electric...

Former Google’s director Kim Sang-bu named World Bank VP in first for a Korean

The World Bank named Kim Sang-bu, Google's former consumer policy director for the Asia-Pacific region, its vice president for digital transformation on Tuesday. Kim will...

Korea struggles to find new workers for growing nuclear reactor industry

Despite having won a recent bid to build at least two nuclear reactors in the Czech Republic, Korea's nuclear energy industry faces a talent...

KAIST-developed groundbreaking carbon capture tech set for commercialization

A group of KAIST researchers have developed a carbon capture device that operates solely on electricity that is set for commercialization soon. The team, led...