SEOUL, March 27 (Yonhap) -- Hyundai Motor Group on Wednesday (U.S. time) celebrated the opening of its new electric vehicle (EV) factory in Georgia, reinforcing its commitment to expanding production localization in the United States. Hyundai Motor Group Metaplant America (HMGMA) will serve as a strategic production base to drive the company's global growth

  SEOUL, March 20 (Yonhap) -- Chip giant SK hynix Inc. said Thursday its U.S. sales accounted for over 60 percent of its total revenue last year on rising demand for artificial intelligence (AI) chips from major U.S. tech companies. According to a financial report released by SK hynix, revenues from the United States totaled

  SEOUL, March 13 (Yonhap) -- Lotte Biologics Co., the biotech arm of Lotte Group, said Thursday it has signed an initial pact with U.S. biotech firm Asimov Inc. for partnership in contract pharmaceutical manufacturing. The agreement will allow Lotte Biologics to use Asimov's next-generation cell line development platform technology to provide "end-to-end" services, covering

  SEOUL, March 5 (Yonhap) South Korea's three major battery makers on Wednesday showcased their new battery solutions at InterBattery 2025, the country's premier battery industry exhibition, as they prepare for the upcoming era of electric vehicles (EVs) after the current slowdown. LG Energy Solution Ltd. (LGES), the country's biggest battery firm, unveiled its new

SEOUL, Feb. 27 (Yonhap) -- SK IE Technology Co. (SKIET), a South Korean battery separator company, said Thursday it has signed an initial pact with a Chinese battery maker for cooperation in the European and North American battery markets. SKIET has signed a memorandum of understanding (MOU) with China's Gotion to collaborate in supplying batteries

SEOUL, Feb. 21 (Yonhap) -- Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor Co., has underscored high-quality products and differentiated strategies as keys to growth, the company said Friday. Munoz shared his strategic vision for the company in a town hall meeting with 15,000 employees at its Namyang R&D Center, just

  SEOUL, Feb. 13 (Yonhap) -- Hanwha Aerospace Co. and LIG Nex1 Co., major South Korean defense equipment firms, plan to showcase their latest cutting-edge air defense systems at the International Defence Exhibition & Conference (IDEX) 2025 in the United Arab Emirates this month, the companies said Thursday. Hanwha Aerospace, together with affiliate Hanwha Systems

SEOUL, Feb. 7 (Yonhap) -- South Korea and the Czech Republic held working-level talks Friday to discuss ways to strengthen economic cooperation in energy, advanced technology, infrastructure and other areas. The Ministry of Trade, Industry and Energy said it held a task force meeting with its Czech counterpart to deepen the strategic partnership signed between

  SEOUL, Feb. 3 (Yonhap) -- Sam Altman, founder and chief executive officer (CEO) of U.S. artificial intelligence (AI) company OpenAI, will visit South Korea this week for an event with local developers amid an intensifying global AI race, industry sources said Monday. OpenAI will hold the "Builder Lab" event in Seoul on Tuesday, bringing

  SEOUL, Jan. 16 (Yonhap) -- Samsung Electronics Co. said Thursday it has teamed up with IBM Corp. to build a front-line emergency communications network in Britain. As part of the British government's Emergency Services Network (ESN), Samsung will provide its mission-critical (MCX) solution, marking the company's first venture into the European emergency services network