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Thursday, June 19, 2025

BUSINESS

Hyundai Motor Group to focus on EVs, flying taxis in 2024

Hyundai Motor pledged to seek sustainable growth this year with a focus on EVs, robots and flying taxis. Executive Chair Euisun Chung emphasized that “consistent...

Samsung, Korean conglomerates prioritize AI innovation, sustainability in 2024

With global chip demand showing signs of recovery after a grim year of losses, Samsung Electronics is prioritizing establishing unrivaled technological leadership, future-proof adaptability...

SK hynix opens U.S.-based NAND R&D unit for AI devices

SK hynix set up a research and development (R&D) unit dedicated to NAND at its U.S. entity as the Korean chipmaker looks to capitalize...

KAI secures $1B deal to produce combat helicopters

Korea Aerospace Industries (KAI), an aircraft manufacturer, clinched a 1.4-trillion-won ($1.08-billion) deal from the country’s defense procurement agency to produce combat helicopters. The contract, announced...

Samsung shares reaches 52-week high as the world braces for an AI boom

Shares of Samsung Electronics continued their winning streak Tuesday amid upbeat expectations for AI and memory chips next year. The company's shares closed at 76,600...

HD Hyundai teams up with Google Cloud for AI solutions

HD Hyundai partnered with Google Cloud to create an AI-based platform providing enterprise solutions in key sectors such as shipbuilding and construction machinery. The collaboration,...

Hanwha Ocean signs $845M deal to build diesel submarine

Hanwha Ocean clinched a 1.1 trillion-won ($845 million) deal Friday to build a 3,600-ton submarine for the Korean Navy. The agreement, formalized with the Defense...

Samsung to build $280 million chip research center in Japan

Samsung Electronics will build a 40 billion yen ($280 million) research center in Japan, expanding the scope of its chip alliance after announcing a...

Finance Minister calls for deeper economic ties with Japan

Finance Minister Choo Kyung-ho held talks with his Japanese counterpart Thursday and asked for stronger bilateral cooperation in the financial and economic fields, his...

Only 9 EVs eligible for IRA EV tax credit up to $7,500 next year

Less than 10 electric vehicle (EV) models will qualify for the $7,500 tax credit next year due to tighter Inflation Reduction Act (IRA) rules. Beginning...