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

NPS to divide investment oversight as assets soar

The National Pension Service plans to overhaul how it makes investment decisions, as the size of its assets continues to surge, aiming to sharpen expertise and adapt to increasingly complex global markets. The pension fund said Thursday it is considering splitting its Investment Committee into two divisions — one overseeing public investments and the other managing private assets — to create a dual decision-making structure aimed at improving specialization and operational efficiency. The change

Nov. 6, 2025

LG Energy Solution becomes 1st battery-maker to win CES award for software

Korea’s LG Energy Solution announced on Thursday that its battery life management software, Better.Re, will receive a CES 2026 Innovation Award, marking the company’s expansion from battery cell expertise into software-based battery management systems. The award, in the Vehicle Technology & Advanced Mobility category, was presented by the US-based Consumer Technology Association at CES, the world’s largest consumer electronics and technology exhibition, scheduled to be held in January in Las Veg

Nov. 6, 2025

[Photo News] Hyundai Motor CEO sets 2026 course

Hyundai Motor Company's executives -- Lee Yeong-ho (second from left), head of the global operations division; CEO Jose Munoz (center); Kim Hae-in (second from right), head of the human resources division; and Kim Chang-hwan (first from right), head of the electrification energy solutions tech unit -- speak to the company's employees during a town hall meeting held on Wednesday in Gangnam-gu, southern Seoul. The town hall meeting -- the third presided over by CEO Munoz since he was appointed las

Nov. 6, 2025

Govt. to create 300b won loan for firms investing in carbon reduction projects

The government will launch a loan program worth 300 billion won ($207.5 million) over the next three years to support companies investing in carbon emission reduction facilities, and related research and development projects, the industry ministry said Thursday. The program will provide financial support to companies participating in 16 projects aimed at cutting greenhouse gas emissions across industries such as oil refining and shipbuilding, as well as advancing hydrogen and fuel cell technolog

Nov. 6, 2025

[Photo News] Swiss banking leaders visit Toss Bank

Toss Bank CEO Lee Eun-mi (fifth from left) poses with executives from Switzerland’s leading financial institutions, including officials from state-run cantonal banks, during their visit to Toss Bank’s headquarters in Gangnam, Seoul, on Wednesday. The 18-member delegation toured the internet-only lender to learn about its digital banking innovations and customer service model, receiving briefings on the bank’s rapid growth, tech-based risk management, contributions to digital finance and payments

Nov. 6, 2025

Fescaro enters agricultural machinery cybersecurity with Daedong

South Korean mobility software solutions provider Fescaro said Thursday that it has secured a cybersecurity project from Daedong, a leading agricultural machinery manufacturer here, marking the company’s entry into the specialized mobility market. The deal comes as the European Union’s Cyber Resilience Act, adopted in 2024, requires cybersecurity measures for all products containing digital elements. Beginning in 2027, the regulation will make cybersecurity mandatory for all mobility-related pro

Nov. 6, 2025

Korean Air ranks among top 3 airlines for cabin, services in USA Today awards

Korean Air Co. said Thursday it has been ranked one of the world's top three airlines in the 2025 USA Today 10 Best Readers' Choice Awards for its business cabin and in-flight services. In the US awards, the South Korean flag carrier ranked second for Best Business & First Class, third for Best Inflight Food and third for Best Cabin Crew, the company said in a press release. It marks the third consecutive year the airline has ranked among the top three in multiple categories, reaffirming its rep

Nov. 6, 2025

Seoul stocks open sharply higher, rebounding from crash

South Korean shares opened more than 1 percent higher Thursday as big-cap tech shares rebounded from their crash the previous day, which had been sparked by woes over the valuation of artificial intelligence - related stocks. The benchmark Korea Composite Stock Price Index gained 55.89 points, or 1.4 percent, to 4,060.31 in the first 15 minutes of trading, recovering from a nearly 3 percent fall on Wednesday. Overnight, major US indexes closed higher, rebounding from their falls the previous day

Nov. 6, 2025

S. Korea posts record September current account surplus on strong exports

South Korea posted a record current account surplus for any September, buoyed by solid exports and increased dividend income, the central bank said Thursday. The country's current account surplus came to $13.47 billion in September, up from $9.15 billion a month earlier, according to data from the Bank of Korea. It marked the largest surplus ever recorded for any September and the second-largest monthly figure overall. The data also marked the 29th consecutive month of surplus as South Korea has

Nov. 6, 2025

Korea Zinc logs record sales on strong non-ferrous prices

Korea Zinc, the nation’s largest non-ferrous smelter, reported record third-quarter sales of 4.16 trillion won ($2.87 billion) on Wednesday, driven by firm prices in strategic metals and expanding resource recycling operations. Revenue rose 29.7 percent in the July-September period year-on-year, while operating profit surged 82.3 percent to 273.4 billion won, extending the company’s consecutive quarterly profit streak to 103 quarters. “Driven by proactive investments and portfolio expansion, str

Nov. 5, 2025

LX Pantos promotes CEO Lee Yong-ho to president

Korean logistics company LX Pantos announced Tuesday it has promoted its CEO Lee Yong-ho to president and appointed Vice President Park Jang-soo as its new chief financial officer as part of its regular 2026 executive reshuffle. Lee is an overseas logistics expert who earned an MBA from Erasmus University in the Netherlands and gained experience at Germany’s leading logistics company, DHL. After joining LX Pantos, he served as head of overseas and forwarding businesses before his CEO appointment

Nov. 5, 2025

KMI marks 40 years, pledges expanded public health role

Korea Medical Institute, which operates medical checkup centers across the country, announced Thursday that it will continue to advance public health through disease prevention and social contribution initiatives as it marks its 40th anniversary. KMI held a commemorative ceremony at its headquarters in Namdaemun-ro, Jung-gu, Seoul, where it also unveiled a new publication, “K-Health Examination Leadership.” The institute reflected on its history since 1985, when comprehensive health checkups wer

Nov. 5, 2025

Seoul stocks dip nearly 3% on AI bubble woes; won slides to 7-month low

South Korean shares plunged by nearly 3 percent Wednesday as big-cap tech shares slid, tracking an overnight slump on Wall Street sparked by concerns over an artificial intelligence bubble. The Korean won sharply lost ground against the US dollar. The benchmark Korea Composite Stock Price Index lost 117.32 points, or 2.85 percent, to close at 4,004.42, after dipping to as low as 3,867.81 at one point, retreating back below the 4,200 mark just two days after reaching the milestone. The tech-heavy

Nov. 5, 2025

SK hynix wins eco-friendly certification for 15 memory products

SK hynix said Wednesday it has earned decarbonization certification for 15 of its memory products, including its flagship high-bandwidth memory chips, marking the first time a chipmaker has received the recognition across a broad portfolio of AI-related semiconductors. The company stated that its HBM chips, recognized for their industry-leading performance in the global AI market, have now earned recognition for their environmental efforts. “We aim to set a new benchmark in the industry with pro

Nov. 5, 2025