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2 weeks ago | 
businesskorea.co.kr | Michael Herh
LG Uplus is making waves in the domestic electric vehicle charging market, which had been stagnant due to a temporary demand plateau. The company has risen to become one of the top four operators by rapidly expanding its infrastructure. While competitors are tightening their operations due to poor performance, LG Uplus is making preemptive investments to prepare for the recovery of electric vehicle demand.
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2 weeks ago | 
businesskorea.co.kr | Michael Herh
Hyundai Mobis, which has been preparing to leap forward as a “global top player,” is set to strengthen its value-up efforts with a new vision. The company aims to maximize shareholder value by achieving more than 8% annual revenue growth, a 5 to 6% operating profit margin, and raising the total shareholder return to over 30% over the next three years.
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2 weeks ago | 
businesskorea.co.kr | Michael Herh
LG Energy Solution Arizona has hosted an event to provide construction updates to major local stakeholders and to celebrate the opening of the workforce training center for future battery professionals in the community, LG Energy Solution announced in Seoul on April 5.
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2 weeks ago | 
businesskorea.co.kr | Michael Herh
The South Korean government has announced plans for a substantial financial support package aimed at shielding key industries from the impact of U.S. tariffs. The centerpiece of this initiative is a 3 trillion won emergency policy financing package for the domestic automobile industry, a sector heavily reliant on exports and particularly vulnerable to trade disruptions.
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2 weeks ago | 
businesskorea.co.kr | Michael Herh
U.S. President Donald Trump's decision to impose hefty tariffs on major ASEAN countries has impacted domestic tire companies. Kumho Tire has been exporting tires produced in Vietnam, and Hankook Tire from Indonesia, to the U.S., achieving record performance. However, with high tariffs looming, both companies are establishing emergency measures such as expanding U.S. factories and adjusting global supply chains to minimize tariff damage.
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2 weeks ago | 
businesskorea.co.kr | Michael Herh
Celebrating its 30th anniversary, Seoul Mobility Show 2025 opened on April 4 at KINTEX Exhibition Hall No. 1 in Goyang, Gyeonggi Province. This prestigious event, originally launched as the Seoul Motor Show in 1995, has evolved into a leading exhibition that encompasses both domestic and international mobility industries and technologies. This year, it promises to be a showcase of future technologies alongside traditional automobiles.
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2 weeks ago | 
businesskorea.co.kr | Michael Herh
HD Hyundai has announced a strategic partnership with U.S. artificial intelligence defense company Anduril Industries to develop unmanned surface vessels (USVs), signifying a significant move towards capturing the emerging USV market. The collaboration, formalized through a memorandum of understanding (MOU) signed on April 4, aims to combine HD Hyundai's autonomous navigation technology with Anduril's cutting-edge defense AI technology.
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3 weeks ago | 
businesskorea.co.kr | Michael Herh
Hankook Tire & Technology announced on April 4 that its electric vehicle performance tire "iON Evo" and ultra-high-performance tire "Ventus Evo" received the prestigious "Best" rating in a rigorous tire test conducted by the esteemed German automotive magazine, Auto Bild. The comprehensive test involved eight global brands for the iON Evo, which was mounted on the Hyundai Kona EV model with 215/55 R18 specification products.
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3 weeks ago | 
businesskorea.co.kr | Michael Herh
Hanwha Aerospace has announced the signing of a new $253 million contract with Larsen & Toubro (L&T) to supply components for 100 additional K9 Vajra-T self-propelled howitzers to the Indian Army. The contract signing ceremony took place at the Embassy of the Republic of Korea in New Delhi, marking a significant milestone in the defense partnership between South Korea and India.
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3 weeks ago | 
businesskorea.co.kr | Michael Herh
Doosan Fuel Cell announced on April 3 that it has signed a memorandum of understanding (MOU) with Samchully to expand the adoption of domestically produced mid- and low-temperature solid oxide fuel cells (SOFCs) for power generation. Under this agreement, Samchully, which operates city gas and power businesses, will secure project sites and oversee business development across various regions.
