In line with South Korean President Moon Jae-in’s state visit to France, the Korea Trade-Investment Promotion Agency on Monday released a report highlighting Europe as the place to be for Korean startups.According to the report, Europe has concentrated efforts on creating an ecosystem for startups as its strategy for survival in the “fourth industrial revolution.” London, Berlin, Paris, Stockholm, and Amsterdam ranked among the world’s leading 20 startup ecosystems, according to a 2017 report by

Industry Oct. 15, 2018

South Korean President Moon Jae-in test rode the Hyundai Motor Nexo fuel cell electric vehicle during his state visit to France on Sunday afternoon and observed the charging process of a Tucson FCEV taxi.This marked Moon’s second test ride on the Nexo SUV, following his firsthand experience of the SUV’s driverless technology in Seoul this February.South Korea’s No.1 carmaker Hyundai Motor is slated to sign a memorandum of understanding on Tuesday with French industrial gas supplier Air Liquide a

Mobility Oct. 15, 2018

Getting a glimpse of the real world and experience in their field of interest is important for all students, especially for young artists who aspire to portray different aspects of life through their work.Han Sung Motor, the largest official dealer of Mercedes-Benz here, which initiated the CSR art project Dream Gream in 2012, participated in the 17th Korea International Art Fair earlier this month to broaden the horizons of young artists by enabling them to take part in one of Asia’s biggest ar

Mobility Oct. 14, 2018

South Korean auto parts maker Hyundai Mobis is seeking collaboration with two local startups selected through its M.Start contest in an effort to gain the upper hand in in-demand mobility technologies, the company said Thursday.Genesis Lab and Linkflow were chosen among 155 candidates for their artificial intelligence-based image and voice recognition technologies.“The latest cooperation is aimed at advanced acquisition of innovative technology. Mobis will lead the market by boosting cooperation

Mobility Oct. 11, 2018

Amid mounting tensions surrounding US automaker General Motors’ move to separate GM Korea’s research and development center as an independent body, conflict at the local unit is expected to deepen with the union, which is slated to hold a vote on staging a strike over the move.The issue also took center stage at Wednesday’s parliamentary inspection where politicians grilled related government officials and the carmaker.As GM Korea pushes forward its R&D center separation plan that has been in th

Mobility Oct. 10, 2018

GONGJU, South Chungcheong Province -- Riding the wave of green cars, Kia Motors recently released its first fully electric vehicle, the Niro, highlighting its driving distance of 385 kilometers per charge -- enough to drive from Seoul to the southern port city Busan. South Korea’s roads, which until now have been packed with gasoline-powered sedans, mostly black or white in color, are going through a transition with the influx of eco-friendly cars such as electric vehicles, plug-in hybrid electr

Mobility Oct. 9, 2018

Following the appeals court’s suspension of his sentence last week, Lotte Group Chairman Shin Dong-bin returned to work Monday after eight months away, facing pending decisions including kick-starting Lotte Chemical’s 4 trillion-won ($3.5 billion) petrochemicals project in Indonesia and completing the group’s corporate governance overhaul plan.The leader’s absence had dealt a blow to the country’s fifth-largest conglomerate, where about 10 mergers and acquisitions deals here and abroad, worth so

Industry Oct. 8, 2018

Mercedes-Benz Korea, the local unit of the German luxury carmaker, has launched the AMG Driving Academy with an aim to make the AMG Speedway an automotive cultural complex, the company said Monday.Benz Korea’s latest program will begin in November by opening the AMG racetrack to a wider audience.“Participants of the program will not only experience the excitement of driving, but also learn safe driving skills and car racing techniques in an effective manner. Anyone who wishes to participate can

Mobility Oct. 8, 2018

The Korea Forest Service hosted an event to commemorate the 44th year since the start of technical cooperation in the forestry sector with Germany that had largely contributed to development of Korea’s forests, the agency said Sunday.German officials visited Korea for three days through Sunday at the invitation of the state-run forest service to show appreciation for their contribution in restoring Korea‘s forests in the course of the partnership between the countries from 1974 and 1993, and dis

Industry Oct. 7, 2018

Nineteen-year-old art student Myohwa, who believes the meaning of peace is “health for every cell in one’s body,” hopes to change people’s perception of life through her artwork. And Han Sung Motor, the largest official dealer for Mercedes-Benz Korea, has supported her for the past six years as she strives to achieve her aspirations.Aimed at nurturing emerging artists like Myohwa, who will someday lead the art scene in Korea and the world, Han Sung Motor launched the Dream Gream art scholarship

Mobility Oct. 4, 2018

South Korea’s LG Electronics unveiled the LG V40 ThinQ, the first smartphone ever to be equipped with five cameras, saying it was looking to foster smartphone sales in anticipation of a 2020 turnaround, the company said Thursday. “We didn’t simply increase the number of cameras. We focused all our capacity (on cameras), which is the most (widely) used part of a smartphone and the one that gets the most complaints (from customers),” said Hwang Jeong-hwan, head of LG Electronics’ mobile communicat

Technology Oct. 4, 2018

The labor union of Renault Samsung Motors is set to stage a partial strike Thursday, its first strike in four years, in a move that could lower the carmaker’s chances of renewing its contract on production of the Nissan Rogue sport utility vehicle next year, industry insiders said Wednesday.Ahead of the Chuseok holiday last month, the union held a vote, and 85.1 percent agreed to stage a strike after failing to reach a consensus in wage negotiations with the company.The union is pushing for a 10

Mobility Oct. 3, 2018

Lexus Korea has released its best-selling seventh-generation premium hybrid sedan ES 300h six years after the previous model, stepping up its hybrid portfolio, the company said Tuesday.“South Korea was the second most sold market worldwide for the ES 300h after China last year. It is also the first country in Asia for the new-generation ES 300h to begin sales,” said Nobuyuki Takemura, president and CEO of Lexus Korea, at a launch event in eastern Seoul.He added that customers will be satisfied w

Mobility Oct. 2, 2018

Hyosung Chairman and CEO Cho Hyun-joon attended a textile exhibition in Shanghai and met with clients in a bid to cement the company’s position as the world’s leading textile company, the company said Monday.Cho’s attendance of the exhibition comes amid the company’s aggressive efforts to dominate the global textile market, following visits to Vietnam and India earlier this year. Hyosung Chairman and CEO Cho Hyun-joon (center) visits a client’s booth to examine latest trends during Intertextile

Industry Oct. 1, 2018

Despite signs of South Korea’s domestic auto market on track for a sales recovery, Renault Samsung Motors, the local unit of French carmaker Renault, has been hit with plummeting sales and constant friction with its labor union in wage negotiations, industry experts said Friday. It looks set to miss this year’s goal to sell 100,000 vehicles on the local market. The automaker sold 55,630 units here, down about 18 percent on-year, between January and August, data from the company showed. Among fiv

Mobility Sept. 28, 2018