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Reporter : Kim Hyun-bin
Wed, July 6, 2022 | 10:02
Will Torres SUV save Ssangyong Motor?
Ssangyong Motor officially launched the Torres SUV, providing customers with more options to choose trendy SUVs with sleek designs and well-rounded technologies. Ssangyong Motor unveiled the Torres at a media showcase in Nest Hotel on Incheon's Yeongjong Island, Tuesday, with around 300 people in attendance including executives and employees. The Torres Media Showcase was hel...
EV fires could hinder transition to eco-friendly vehicles
Unexpected electric vehicle (EV) fires that have made headlines recently are causing concern that they could hold back the rapid transition to eco-friendly vehicles. On June 4, a Hyundai IONIQ 5 EV collided with a toll gate and was engulfed in flames within seconds. The driver and a passenger died as they could not escape from the burning car, and it took seven hours to extin...
Hyundai Motor Group launches investment unit in US for future businesses
Hyundai Motor Group established a new investment unit in the U.S. as part of the investment pledge made by Hyundai Motor Group Chairman Chung Euisun during U.S. President Joe Biden's visit to Korea in May. According to the announcement of the Financial Supervisory Service, Hyundai Motor Group established the affiliate, “HMG Global Limited Liability Company (LLC),” in Delaware...
Samsung chief's daughter to attend Colorado College in fall
Lee Won-ju, the daughter of Samsung Electronics Vice Chairman Lee Jae-yong, is scheduled to attend Colorado College in the U.S. for the fall semester, according to local reports, Thursday. Colorado College is a private liberal arts college in Colorado Springs, which was established in 1874 as one of the most prestigious liberal arts colleges in the U.S.
LG, Hanwha, LS eye EV charging biz for future growth
Major conglomerates are jumping into the electric vehicles (EV) charging business as a new future growth engine and aim to create synergy with other affiliates within the group, according to company officials, Wednesday. S-Traffic, which spun off from Samsung SDS, is currently leading the domestic EV charging market, while other major conglomerates such as LG Electronics, Han...
Can Ssangyong Motor recover under KG management?
The new owner of Ssangyong Motor has been confirmed to be KG Group, Korea's 71st-largest conglomerate which also operates the country's biggest online payment service. All eyes are now on whether KG will succeed in normalizing operations at the ailing SUV maker, which was on the verge of bankruptcy. Many experts believe the key is to improve the automaker's unstable financial...
Young chief drastically transforms LG over 4 years
LG Group Chairman Koo Kwang-mo has drastically transformed Korea's fourth-largest business group into a conglomerate focusing on future growth engines by dropping unprofitable businesses, according to industry watchers, Tuesday. Koo will mark his fourth anniversary Wednesday since he took over management of LG Group in June 29, 2018. Under Koo's leadership, LG has withdrawn f...
Hyundai Heavy to build six patrol vessels for Philippine Navy
Hyundai Heavy Industries (HHI) signed a contract with the Philippine Department of National Defense, Monday, to construct six 2,400-ton offshore patrol vessels (OPVs) worth $573 million.
Nexon to release new MMORPG 'HIT 2' in summer
Domestic game company Nexon released a teaser video for “Hit 2” last month, and will start the full pre-registration process on June 30. The previous game, “Hit,” created a big sensation in the mobile market when it was released in 2015 and Nexon hopes “Hit 2” will also become a hit in the second half of this year.
Booyoung supports veterans
Booyoung Group Chairman Shin Myung-ho, right, delivers a $100,000 donation to Kwon Oh-seong, president of the Army Association. Booyoung Group has been engaged in various social contribution activities, holding the Liberty Walk Seoul event, Saturday, at the War Memorial of Korea in Yongsan, along with the 6.25 Foundation and the Korea Army Association. At the event, Booyoung ...
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