Hyundai Motor plans record W125.2tr Korea investment by 2030

Korea's automotive-to-steelmaking conglomerate Hyundai Motor Group will invest an unprecedented 125.2 trillion won ($86 billion) in Korea over the next five years, as tariff pressures have eased following a recent US-Korea agreement. According to the group on Sunday, the investment is intended to secure long-term growth engines and support Korea’s push to become a global mobility innovation hub, while also protecting Korea’s supply chains amid rising global protectionism. The amount will surpass

Nov. 16, 2025

US naval chief visits HD Hyundai to discuss Korea–US shipbuilding partnership

US Chief of Naval Operations Adm. Daryl Caudle visited HD Hyundai Heavy Industries, Korea’s largest shipyard, to explore potential shipbuilding collaboration between Korea and the US, according to HD Hyundai on Sunday. The visit comes after US Navy Secretary John Phelan visited the same shipyard in April to inspect the company’s next-generation Aegis destroyer, Jeongjo the Great. Caudle’s tour on Saturday was guided by HD Hyundai Chairman Chung Ki-sun, after their discussion on strengthening the

Nov. 16, 2025

LG Display to supply next-generation display for Mercedes-Benz SUV

Korea’s LG Display is set to supply a 40-inch next-generation liquid-crystal display for Mercedes-Benz’s upcoming 2026 GLC electric sport utility vehicle, strengthening a partnership that has lasted more than 20 years, according to industry sources. The oxide thin-film transistor, known as oxide TFT, LCD offers higher pixel density, a larger visual canvas and lower power consumption compared with conventional displays. The display will be integrated into the model’s MBUX Hyperscreen infotainment

Nov. 16, 2025

Will Hyundai’s fuel-cell buses accelerate hydrogen mobility?

Hyundai Motor Group is pushing ahead with hydrogen buses as a core pillar of its mobility strategy, betting that commercial fleets will give the technology a clearer path to scale than passenger cars. Despite high costs and slow global infrastructure rollout, experts say buses are better suited to showcase hydrogen’s advantages, especially for heavy loads and long-distance operation. While hydrogen is viewed as a potential replacement for diesel in commercial transport, high prices and the slugg

Nov. 13, 2025

Posco bets $830 million on lithium to secure battery future

Korea’s Posco Holdings is doubling down on lithium despite a market downturn, investing a total of $830 million in Australia and Argentina to lock in long-term supply and cost competitiveness for its fast-growing battery materials business, according to the firm on Wednesday. The move — which includes a $765 million direct mining stake in Australia’s Mineral Resources and a $65 million acquisition in Argentina’s Hombre Muerto salt lake — shows the Korean steelmaker’s determination to secure raw

Nov. 12, 2025

HD Hyundai deepens defense shipbuilding partnership in India

HD Hyundai Heavy Industries has signed an agreement with India’s Cochin Shipyard to jointly build naval vessels and pursue upcoming Indian Navy procurement projects, according to the Korean shipbuilder on Tuesday. Cochin Shipyard, India’s largest state-owned yard, already works with HD Hyundai’s parent HD Korea Shipbuilding & Offshore Engineering, the parent company of HD HHI, on talent training, design upgrades and supply-chain cooperation. Cochin and HD HHI are now planning to jointly bid for

Nov. 11, 2025

Hyundai Rotem accelerates push for Egypt's hydrogen tram projects

Korea’s leading railway systems provider, Hyundai Rotem, announced Monday that it is promoting its hydrogen-powered tram at Egypt’s largest transportation industry event to secure an early advantage in the country’s upcoming tram projects. Starting Sunday, the company began showcasing its hydrogen-electric tram system — set to be commercialized in Korea — at Smart Transport, Infrastructure, Logistics & Traffic for the Middle East & Africa 2025, which runs through Tuesday. To help visitors unders

Nov. 10, 2025

Korea’s mid-tier automakers struggle to reverse domestic plunge

Korea’s three mid-sized automakers are facing a steep fall in domestic sales, with their market share shrinking to just above 7 percent this year. The downturn, driven by aging lineups, is prompting concerns over the weakening of the country's auto industry base. According to market tracker Carisyou, Renault Korea, KG Mobility and Chevrolet all posted double-digit year-on-year declines in domestic sales in October, falling 29.8 percent, 23.1 percent and 45.2 percent, respectively. The decline is

Nov. 7, 2025

Hyundai Motor Group partners with UK AI startup for new material innovation

Hyundai Motor Group announced Friday that it has teamed up with CuspAI, a United Kingdom-based artificial intelligence start-up, to accelerate its research into new materials for future mobility solutions. The company, located in Cambridge, developed an AI-powered platform that combines generative AI, deep learning and molecular simulation to accelerate the discovery of materials optimized for specific purposes by analyzing their properties and combinations. Hyundai Motor Group expects the colla

Nov. 7, 2025

Samsung SDI wins CES Best of Innovation for high-output battery

Korean battery-maker Samsung SDI announced Thursday that its ultrahigh output battery, SDI 25U-Power, has been selected for Best of Innovation at CES 2026, marking a second consecutive year of recognition for the company at the world’s largest consumer electronics and technology exhibition. Presented by the US-based Consumer Technology Association, the honor will be awarded at the exhibition in Las Vegas in January. The award, in the Construction & Industrial Tech category, recognizes the most o

Nov. 6, 2025