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Reporter : Lee Min-hyung
Sun, December 3, 2023 | 13:49
Israel-Hamas war feared to hamper Hyundai's overseas sales, R&D expansion
Hyundai Motor Group is facing growing risks of falling sales in the Middle East as the ongoing military conflict between Israel and Hamas will likely continue for the time being, industry officials said Tuesday. Operations at the group's regional research and development (R&D) center in Israel also appear to have ground to a virtual halt.
Korea urged to regulate influx of low-priced Chinese EVs
The Korean government is being urged to impose more environmental charges on Chinese electric vehicles (EVs) mostly equipped with non-recyclable lithium iron phosphate (LFP) batteries, as local EV manufacturers are feared to fall victim to a planned influx of low-priced Chinese EVs, experts and industry officials said Tuesday.
Adidas, A Twosome Place, Burger King warned of abusing franchisees
Adidas Korea, A Twosome Place and Burger King Korea have come under criticism by lawmakers over their alleged abuse of their franchisees, during an annual audit at the National Assembly, Monday.
Korean Air to transfer control of 5 airplanes, 100 pilots to T'way for Asiana takeover
Korean Air is expected to transfer control of five passenger jets and dispatch around 100 pilots to T’way Air, in a move to alleviate monopoly concerns claimed by European antitrust authorities regarding its takeover of Asiana Airlines, according to industry officials, Monday.
Two Hong Kong investment banks hit for illegal short selling
The Financial Supervisory Service (FSS) has found that two Hong Kong-based investment banks (IBs) engaged in illegal short-selling practices estimated to be worth 56 billion won ($41.32 million).
LG Innotek accelerates bid for global EV market with charging patents
LG Innotek has been recognized as a company holding internationally-renowned patents for electric vehicle (EV) charging components, after placing its name on a list of EV tech licensors from the industry’s largest patent pool administrators, the LG affiliate said Sunday.
Kia expands EV lineup to offer sustainable mobility to consumers
Kia has unveiled its new electric vehicle (EV) strategy of targeting more consumers by diversifying its EV lineup, specifically its compact and mid-sized segments, the company said during its annual Kia EV Day, Thursday.
HD KSOE expands investments in next-generation energy tech
HD Korea Shipbuilding & Offshore Engineering (KSOE) has decided to invest 64 billion won ($47.77 million) to build an eco-friendly energy ecosystem by forming ties with a European clean energy tech firm, the Korean company said Wednesday.
Kia labor union criticized for unlawful recruitment demands
Kia’s labor union is catching flak for making an unlawful demand over the guaranteed hiring of their children, according to industry officials, Wednesday.
LG Electronics posts earnings surprise in Q3
LG Electronics reported an earnings surprise in the third quarter of this year on robust growth at its vehicle component solutions (VS) unit and increasing sales at its cash cow home appliance business, the company said Tuesday in a preliminary regulatory filing.
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