South Korean author Han Kang has won the 2024 Nobel Prize in literature, clinching the country's first honor in one of the world's most prestigious literature awards. The Nobel committee on Thursday called “her intense poetic prose that confronts historical traumas and exposes the fragility of human life.”

Culture Oct. 10, 2024

Hanwha Group Chairman Kim Seung-youn has reiterated the company's approach to overcoming crises as a “Great Challenger,” expressing the need to take more proactive and leading measures rather than waiting for market conditions to turn favorable. “Driven by unwavering beliefs that do not compromise with the currents of the times and a relentless dedication to being the best, we will overcome the waves of crises and write a new history for Hanwha,” said Kim in a video

Companies Oct. 10, 2024

LS Group, a South Korean cable and industrial electric machinery conglomerate, is looking to achieve the vision to double its total assets value to 50 trillion won ($37 billion) by 2030 as it welcomes more opportunities for its existing businesses in the era of artificial intelligence while investing in the sectors of batteries, electric vehicles and semiconductors. Since taking the helm of the conglomerate in January 2022, LS Group Chairman Koo Ja-eun has vowed to invest 20 trillion won or more

Companies Oct. 9, 2024

Posco Future M CEO Yoo Byung-ok and US Ambassador to South Korea Philip Goldberg have discussed the importance of stabilizing supply chains as the Korean battery material and chemical producer struggles to cope with declining anode prices due to competition from China. According to Posco Future M on Tuesday, the US Ambassador visited the Korean company’s artificial graphite anode plant in Pohang, North Gyeongsang Province, the previous day. “Despite being the only alternative for sta

Companies Oct. 8, 2024

LG Energy Solution on Monday vowed to double its annual sales by 2028 based on expanding and diversifying battery businesses outside of electric vehicles while continuing to secure technological leadership in the EV battery sector. “We will not settle at producing and selling batteries anymore, but we will establish a paradigm of subscription economy for batteries based on our battery diagnosis and management technologies,” said Kim Dong-myung, CEO of LG Energy Solution, during the c

Companies Oct. 7, 2024

G-Star, Korea’s top annual gaming convention, is getting ready for its 20th edition set to open at the Busan Exhibition & Convention Center, or Bexco, on November 14. The G-Star organizing committee said this year’s event will feature 3,281 booths, slightly more than the previous year, which was the largest event in G-Star's 20-year history and drew nearly 200,000 visitors. “This year’s G-Star marks a very important moment as we welcome the convention's 20th

Industry Oct. 6, 2024

Hyundai Motor announced Friday that it has entered a multi-year, strategic partnership with Google’s autonomous driving technology subsidiary Waymo as the Korean automaker looks to bolster its newly established autonomous vehicle foundry business. According to the announcement, the two sides will work together to integrate Waymo’s sixth-generation fully autonomous technology into Hyundai’s all-electric sports utility vehicle Ioniq 5. The Ioniq 5s headed for the Waymo fleet will

Mobility Oct. 4, 2024

KG Mobility will push for advancing autonomous driving technology based on its cooperation with companies that have core technologies in the self-driving sector, the Korean automaker said Friday. The Korando E-Motion, the country’s first nighttime autonomous driving taxi developed by KG Mobility and SWM, a local autonomous driving startup, began its ride-hailing service in Gangnam-gu’s trial operation zone last month. The two companies previously signed a memorandum of understanding

Mobility Oct. 4, 2024

HD Hyundai Infracore's hydrogen engine HX12 has won the top award at a global hydrogen exhibition, H2 MEET 2024, the Korea Automobile Journalists Association announced Friday. Journalists from the KAJA's 58 press members visited H2 MEET at Kintex in Gyeonggi Province from Sept. 25 to 27, to assess the latest hydrogen technologies of the participants and graded them based on the public's feedback, market potential and innovativeness, in cooperation with the exhibition organizers. H

Technology Oct. 4, 2024

SK Enmove, a lubricant subsidiary of SK Innovation, has secured a stable supply of iodine by partnering with SQM, the world’s largest iodine producer based in Chile, in efforts to take the lead in the next-generation automotive refrigerants market, the company said Thursday. As iodine is a crucial material for producing high-efficiency automotive refrigerants, SK Enmove plans to develop advanced refrigerants that offer superior cooling and heating performance in comparison to the existing

Companies Oct. 3, 2024

SK On is looking to raise 1 trillion won ($755 million) through a rights offering as the battery maker continues efforts to improve its financial structure amid ongoing losses due to the sluggish growth of the electric vehicle market. Parent company SK Innovation announced in a regulatory filing on Wednesday that it plans to issue about 18 million new shares of SK On at a price of 55,458 won. The rights offering will take place in the form of a price return swap, through which a business guarant

Companies Oct. 3, 2024

Hanwha Solution’s Qcells, the solar energy division under Korean conglomerate Hanwha Group, has sold a 142 megawatt solar photovoltaics project to Washington state’s largest utility company Puget Sound Energy, Hanwha Qcells said Wednesday. Hanwha Qcells highlighted that the sale of the solar power project signifies optimizing the profit structure by selling the developmental assets and securing a turnkey contract for the services of engineering, procurement and construction, or EPC.

Companies Oct. 2, 2024

Hanwha Aerospace is looking to export Chunmoo, the self-developed multiple rocket launch system, to Norway as the Korean defense firm pins hopes on expanding its market presence in Europe. Hanwha Aerospace showcased a life-sized Chunmoo for the first time in Europe at the Eurosatory defense show in Paris in June this year, emphasizing the company’s willingness to secure more clients in the region beyond Poland. Defense industry experts say weapons system manufacturers do not exhibit actual

Companies Oct. 1, 2024

Global leaders in advanced air mobility are heading to Dubai for the fifth edition of the Airtaxi World Congress, slated to take place at the Grand Hyatt Dubai Conference & Exhibition Center from October 7-10. The next-generation clean air mobility event is expected to gather about 1,000 major players in the AAM sector such as airlines, airports, original equipment manufacturers, startups, investors and regulators. This year’s event participants include the US Federal Aviation Administ

Mobility Sept. 30, 2024

진행자: 간형우, Chelsea Proctor Young Koreans more open to Japanese cultural products 기사 요약: 올해로 20주년 맞은 한국의 완전한 일본 문화 수용과 젊은 세대에겐 익숙한 일본 문화 소비 습관 현상 [1] Japanese songs playing on South Korean TV and radio stations and giant posters of Japanese anime hung outside cinemas -- unimaginable just over two decades ago -- are no longer surprising. anime: 일본 만화 unimaginable: 상상할 수 없는 [2] Following liberation from 35 years of Japanese colonial rule in 1945, Korea had banned Japanese cultural products from re

Podcast Sept. 30, 2024