[Photo News] The New Ioniq 5

Hyundai Motor Company on Monday announced the launch of the new Ioniq 5, the first product enhancement model of the automaker's signature all-electric vehicle since its debut in 2021. Equipped with an 84-kilowatt-hour battery, the upgraded EV has a driving range of up to 485 kilometers per charge, an increase of 27 km from the previous model. The EV also comes with the next-generation infotainment system called connected car navigation cockpit to offer the experience of a software-defined v

MobilityMarch 4, 2024

[Photo News] Tops in efficiency

Hyundai Motor's all-electric Ioniq 6 has been recognized as the most fuel-efficient 2024 model year vehicle by the US Department of Energy and Environmental Protection Agency, the South Korean automaker said Sunday. The Ioniq 6 long-range, rear-wheel driving model with 18-inch wheels scored a combined 140 miles per gallon equivalent, or 59.5 kilometers per liter equivalent. The EPA's rating estimates the distance a car can travel on 33.7 kilowatt-hours of electrical energy. (Hyundai Mo

MobilityMarch 3, 2024

[Photo News] The all-new CLE Coupe

Mercedes-Benz Korea showcased its all-new CLE Coupe and all-new CLE Cabriolet from Tuesday to Wednesday in Seoul, the company said Thursday. In this photo, Mercedes-Benz Korea CEO Mathias Vaitl (right) poses with the all-new CLE Coupe at the showcase. According to the German automaker, the new vehicle is offered in two trims -- the CLE 200 and CLE 450 4MATIC -- with starting prices at 72.7 million won ($54,500) and 96 million won, respectively. (Mercedes-Benz Korea)

MobilityFeb. 29, 2024

[Photo News] Hyundai Staria Hybrid

Hyundai Motor Company on Wednesday started taking preorders for the 2024 Hyundai Staria and the newly-added hybrid model of the minivan. According to the automaker, the Staria 1.6 Turbo Hybrid boasts a fuel efficiency of 13 kilometers per liter with a maximum system horsepower of up to 245. The prices of the hybrid model and the 2024 year model begin at 34.33 million won ($25,763) and 28.47 million won, respectively. (Hyundai Motor Group)

MobilityFeb. 28, 2024

[Photo News] Samyang Buldak at MLS opener

Samyang Round Square said Tuesday it sponsored the opening match of the 2024 Major League Soccer season for the LA Galaxy soccer club, which faced off against Inter Miami CF on Sunday, as part of its efforts to expand into the US market. During the game held at Dignity Health Sports Park, LA Galaxy's home stadium in Carson, California, the food company showcased product advertisements featuring its flagship Buldak products on the scoreboard, while also offering its spicy ramyeon products

CompaniesFeb. 27, 2024

[Photo News] Urban air mobility

Visitors try out KT's Urban Air Mobility service at MWC 2024, which kicked off in Barcelona, Spain, Monday. At this year's connectivity tech show, the mobile carrier showed off its air mobility technologies and services, including Urban Air Traffic Management system, and 5G service Skypath. (KT)

IndustryFeb. 26, 2024

[Photo News] Taegeukgi adorns trees in honor of patriotic figures

Trees are decorated with Taegeukgi, South Korea's national flag in Yongsan-gu, central Seoul on Saturday. Yongsan-gu Office empolyees installed the flags Friday along the 710-meter walkway between Hyochang Park subway station and the park in celebration of the 105th anniversary of the March 1 Independence Movement. The flag decoration will be displayed until March 3, according to the district office.

Social AffairsFeb. 24, 2024

[Photo News] Naver at Saudi tech show

Naver said Wednesday it is set to participate in the upcoming Leading Edge Arab Platforms exhibition, affectionately called the Saudi Arabian version of the CES, the world's largest tech show. Naver will join at the invitation of Saudi Arabian Communications and Information Technology Minister Abdullah Alswaha, who visited Naver's second headquarters 1784 in October. Under the theme of "Global Tech Convergence Company," the IT giant will set up an exhibition booth and boast t

TechnologyFeb. 21, 2024

[Photo News] Triple crown for Ioniq 5 N

The Ioniq 5 N, Hyundai Motor's high-performance electric vehicle, has won the Korea Automobile Journalists Association's 2024 Car of the Year award, the association announced Tuesday. On top of winning the highest overall award, the Ioniq 5 N also claimed the awards for EV of the Year and Performance of the Year as well. The Korean-made EV edged out the BMW New 5 Series, Kia EV9, Mercedes-Benz EQS and Genesis GV80 Coupe to take the top honor. KAJA comprises some 200 auto journalists

MobilityFeb. 20, 2024

[Photo News] Galaxy experience space in Barcelona

Samsung Electronics has opened a brand experience space at the Plaza de Catalunya in Barcelona, Spain, ahead of the upcoming MWC Barcelona 2024, the telecom industry's largest annual gathering, which kicks off Monday next week. Visitors can experience the tech giant’s latest flagship smartphone, the Galaxy S24 series, alongside diverse Galaxy AI features, until Feb. 29. (Samsung Electronics)

IndustryFeb. 20, 2024

[Photo News] AI workshop for Baskin Robbins

SPC Group on Monday opened “Workshop by Baskin Robbins,” a creative research lab for the ice cream chain to study next-generation products based on artificial intelligence and other futuristic technologies. Located at the food giant’s headquarters in southern Seoul, the company said, new and more experimental products will be introduced first via the venue to gauge consumer sentiment. (SPC Group)

CompaniesFeb. 19, 2024

[Photo News] Safety first

Cho Jeong-lae (right), the president director of KB Insurance Indonesia, places a safety helmet on a student at the Sinar Cahaya Kasih school in South Jakarta, Indonesia, during a donation ceremony Friday. KB Insurance said it will distribute 1,000 helmets to underprivileged children and adolescents in Indonesia to promote road safety. (KB Insurance)

IndustryFeb. 19, 2024

[Photo News] Winner of 2024 Genesis Invitational

Hyundai Motor Group Executive Chair Chung Euisun (right) and Japan’s nine-time PGA Tour winner Hideki Matsuyama hold the trophy celebrating the player’s victory at the 2024 Genesis Invitational of the US PGA Tour held last week at California's Riviera Country Club. In its eighth year as the event's title sponsor, the carmaker's Genesis brand provided a fleet of 220 vehicles during the four-day tournament. Matsuyama was awarded a $4 million prize along with the GV80 c

MobilityFeb. 19, 2024

[Photo News] Water Partnership

Woori Financial Group Chairman Yim Jong-yong (left) and Korean Water Resources Corp. (or K-water) CEO Yun Seog-dae pose for a photo at the financial giant’s Seoul headquarters on Thursday after signing a memorandum of understanding to support small- and medium-sized firms for their overseas expansion and environmental, social and governance management. “Our partnership combining Woori’s expertise in corporate financing and K-water’s business know-how will become a crucial

IndustryFeb. 18, 2024

[Photo News] Busan baseball stadium to get a new look

Minister of Culture, Sports and Tourism, Yu in-chon, on Saturday visited the Sajik Baseball Stadium in Busan, which is undergoing reconstruction. The reconstruction of Sajik Baseball Stadium is scheduled to begin in the first half of 2026, to be completed in the second half of 2028. In 2021, the city of Busan adopted a joint declaration with the Lotte Giants on the reconstruction and conducted a study to carry out the reconstruction. “This year, we plan to hold discussions with Lotte Grou

CultureFeb. 17, 2024

[Photo News] Shining Future

Citibank Korea CEO Yoon Myung-soon (left) and JA Korea President Lee Eun-hyung pose for a photo during a sponsorship signing event held at the bank’s Seoul office on Wednesday. The bank donated 317 million won ($250,000) to the Korean unit of JA Worldwide, a non-profit youth organization, to help vocational school students prepare for their future careers as part of the Citi-JA Shining Future Program. (Citibank Korea)

IndustryFeb. 15, 2024

[Photo News] Korean BMW navigation

BMW Group Korea said Wednesday that it will begin loading the Korean BMW navigation system based on the country's leading mobility platform Tmap, starting with the BMW X1 and BMW 2 Series Active Tourer models this month. The automaker said the newly developed navigation system offers advanced convenience, as it receives the latest traffic and map information in real time through online streaming. The Korea-dedicated navigation will be equipped on the BMW New X2 and new Mini models, which ar

MobilityFeb. 14, 2024

[Photo News] Bitcoin flies high

A screen shows bitcoin trading at over 67 million won ($50,459) at local crypto exchange Bithumb's headquarters in southern Seoul, Tuesday. The price of bitcoin traded above $50,000 on Monday (US time) for the first time since December 2021, according to the US-based crypto exchange Coinbase. The sharp increase is assessed to have stemmed from a strong inflow of spot bitcoin exchange-traded funds that directly hold bitcoin. The Korean price of bitcoin stood at 67.1 million won as of 2 p.m.,

MarketFeb. 13, 2024

[Photo News] Fostering investment with UK

First Vice Finance Minister Kim Byung-hwan (right) and Minister of State for Regulatory Reform of the United Kingdom Lord Dominic Johnson pose after signing a Memorandum of Understanding for the launch of a dialogue between the two governments to promote mutual investment expansion in London on Wednesday. The Korean ministry expected that the dialogue would serve as a channel for introducing investment opportunities from both countries and create a friendly investment environment. (The Ministry

EconomyFeb. 8, 2024

[Photo News] Boosting Shipping Logistics

Hyundai Glovis, Hyundai Motor Group's logistics affiliate, said Wednesday that it has signed a memorandum of understanding with the Korea Ocean Business Corporation under the Ministry of Oceans and Fisheries to secure four pure car and truck carriers, or PCTCs, to bolster Korea's vehicle exports. The Korea Ocean Business Corporation will place the orders for the ships, which have the global top-class capability of loading 18,000 cars per ship and are expected to be delivered in 2027. I

IndustryFeb. 7, 2024