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[Photo] International environmental activists call for Samsung to withdrawal plans for coal power plant in Vietnam On Aug. 17, the Financial Times ran an ad by an international environmental coalition (#WRONGCALLONCOAL) targeting Samsung C&amp;T Corporation. The ad called for Samsung to pull out of its involvement Wed, 19 Aug 2020 17:31:23 GMT
[Photo] Tesla ordered to revise unfair contract terms for Korean consumers On Aug. 18, the Korea Fair Trade Commission (FTC) announced that it had ordered electric vehicle maker Tesla to revise contract terms that were unfair toward Korean consumers. The most striking term i Wed, 19 Aug 2020 17:29:55 GMT
S. Korean companies steadily boost market share in EV battery industry South Korean companies producing electric vehicle (EV) batteries have enjoyed a rapidly increasing market share over the past few years. But with EV battery technology undergoing swift changes and a f Tue, 18 Aug 2020 17:05:08 GMT
LG Chem battles with China’s CATL for top spot in global electric battery industry A two-way battery race is taking shape between LG Chem and the Chinese company Contemporary Amperex Technology (CATL). With most of its supply chain functioning even amid the COVID-19 pandemic, LG Che Mon, 17 Aug 2020 17:32:54 GMT
OECD revises projection for S. Korea’s economic growth rate from -1.2% to 0.8% The Organisation for Economic Cooperation and Development (OECD) has raised its projection for South Korea’s economic growth rate this year from -1.2% to -0.8%. Since releasing projections for all mem Wed, 12 Aug 2020 17:29:03 GMT
Mahinda Group to reduce stake in SsangYong Motor to be below 50% India’s Mahinda Group, which is currently the majority shareholder of SsangYong Motor, announced plans to reduce its stake in the automaker below 50%.In a quarterly performance announcement on Aug. 7, Wed, 12 Aug 2020 17:08:21 GMT
Hyundai Motor to launch EV brand under “Ioniq” name Hyundai Motor has selected “Ioniq” as the name for its first brand incorporating a platform that exclusively features fully electric vehicles.Hyundai Motor announced on Aug. 10 that it would be launch Tue, 11 Aug 2020 16:58:04 GMT
Surge of investments of investments in overseas stocks prevents downward stabilization of won-dollar exchange rate The failure of the won-to-dollar exchange rate to achieve downward stabilization despite the recent weakness of the US dollar is partly due to the effects of rising demand for the dollar amid a wave o Tue, 11 Aug 2020 15:29:49 GMT
[Photo] LG Electronics tests robot waiters at Seoul’s Mayfield Hotel On Aug. 9, LG Electronics announced that it has launched a trial service that uses two outdoor robots at Mayfield Hotel in Seoul’s Gangseo District. The robots will deliver food and beverages to custo Mon, 10 Aug 2020 18:00:33 GMT
Experts predict -0.9% growth rate for S. Korea in 2020 in KDI survey South Korean economic experts predicted an economic growth rate of –0.9% for the country this year. This is a decrease from a previous projection during the first half of the year, coming amid the con Mon, 10 Aug 2020 16:34:32 GMT
[Photo] Korean Air manages to turn net profit through cargo, despite COVID-19 Despite a severe shortage of passenger flights amid the COVID-19 pandemic, Korean Air managed to avoid losses in the second quarter of 2020 by transporting cargo. Among the airlines who have published Sun, 09 Aug 2020 17:35:40 GMT
[Photo] Samsung unveils five new products in Unpacked 2020 Samsung Electronics unveiled five new products, including its Galaxy Note 20, during its Unpacked 2020 event, which was streamed live on Aug. 5. Other products included the tab PCS Galaxy Tab S7 and t Thu, 06 Aug 2020 18:05:27 GMT
[Photo] Hyundai Motor sales in US recover after four months of losses Hyundai Motor’s vehicle sales in the US increased by .01% in July compared to the same month last year. This is the South Korean automaker’s first increase in performance in the US market in five mont Wed, 05 Aug 2020 18:08:10 GMT
[Photo] Convenience store chain GS25 launches on-foot delivery service GS Retail is launching a delivery service for its G25 convenience store franchise. Workers will deliver products to nearby customers on foot so long as they’re located within 1.5km of a GS25 branch. O Tue, 04 Aug 2020 17:50:27 GMT
SK Telecom launches prepaid service for foreign residents On Aug. 2, SK Telecom (SKT) launched Miri, a telecommunications service catering to foreigners who are accustomed to prepaid mobile services.With this service, users can make a deposit ranging from 10 Mon, 03 Aug 2020 17:30:15 GMT

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