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Reporter : Kim Bo-eun
Sat, December 3, 2022 | 15:47
Renault Samsung's Arkana named Spain's car of 2022
Renault Samsung Motors' XM3, known as Arkana in Europe, has been named Spain's car of 2022. A total 12 models of global car brands were finalists for the honor. The new Renault Arkana was honored by the title in the contest which marks its 50th year, securing 16.52 percent of votes, based on evaluations by Spain's auto industry reporters and ABC News viewers.
Hankook & Company begins new era under Cho Hyun-bum
Korea's tire giant Hankook & Company said Wednesday that Cho Hyun-bum, the younger son of Honorary Chairman Cho Yang-rai, has been appointed as the new leader of the group.
Samsung develops high-performance SSD for enterprise servers
Samsung Electronics said Thursday it has developed a new solid-state drive (SSD) for enterprise servers that offers data transfer speeds of up to two times faster than current devices and 30 percent enhanced power efficiency than the previous generation.
LG Display to feature flexible panels at CES 2022
An LG Display employee tries out the display maker's "virtual ride" product, which integrates a large, flexible, organic light-emitting diode (OLED) display panel and an exercise machine. The product, incorporating three 55-inch OLED panels, provides users with an immersive experience, the company said. LG Display is set to present the product, among others, next month at the...
Carbon neutrality, electricity bill freeze exacerbating KEPCO's snowballing debt
The price freeze on electricity announced earlier this week is set to add to the snowballing debt of the state-run Korea Electric Power Corp. (KEPCO), at a time electricity generation has become increasingly expensive as the government has accelerated the shift to eco-friendly power.
LG's Koo Kwang-mo to focus on offering mind-blowing experiences for customers
LG Group Chairman Koo Kwang-mo has kept a low profile since he took helm of the group in 2018. But in rare messages to employees that have been made public, he has continued to emphasize the need to cater to customers' needs.
Soaring battery raw material costs to drive up EV prices
Spiking costs of raw materials for electric vehicle (EV) batteries are leading to a hike in battery prices, which is placing pressure on carmakers to raise EV prices. Bloomberg NEF recently stated battery prices might reverse the year-on-year price declines for the first time, since it began surveying these in 2012.
Shipbuilders accelerate drive to make eco-friendly vessels
A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming years. Shipping accounts for about 3 percent of the world's annual carbon emissions. The International Maritime Organization has ordered shipping companies to cut their greenhouse gas emissions by at least 30 perce...
Key M&As face growing risks amid global chip war
Korean chipmakers are facing greater uncertainty, as key mergers and acquisitions (M&A) are falling through amid the escalating power struggle between the world's two largest economies. Magnachip Semiconductor, a U.S. integrated device manufacturer focusing on non-memory chips, stated last week that it was withdrawing its contract with China's private equity firm Wise Road Ca...
SK invests in leading US bioenergy firm Fulcrum
SK Inc., SK Group's investment arm, stated Thursday that it had invested with private equity partners a total of $50 million in the U.S. firm, Fulcrum BioEnergy. Fulcrum is the first company in the U.S. to produce biofuel commercially by chemically converting municipal solid waste into transportation fuel.
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