11. 09
(Mon)
Top stories list
249 articles-
Boston Dynamics cuts Atlas assembly time from 1 day to 1 hour for Hyundai Motor US plants
Boston Dynamics is moving Atlas humanoid robots to mass production with Korean suppliers Hyundai Mobis and Samsung SDI, targeting deployment at Hyundai Motor Group plants.
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Bank loan rates surge despite base rate freeze, hitting vulnerable borrowers
Bank lending rates are surging despite the Bank of Korea's base rate freeze, with mortgage rates at a 14-year high and delinquency rates at a near 10-year high, hitting vulnerable borrowers hardest and raising concerns about a broader credit crisis.
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CD rates spike as banks defend liquidity, hitting marginal SMEs
Korean banks' heavy CD issuance to meet year-end liquidity rules is driving short-term rates up while long-term rates fall, squeezing SMEs with floating-rate loans and raising default risks.
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Indonesia building 10GW nuclear power visits Doosan Enerbility Changwon plant
An Indonesian National Energy Council delegation visited Doosan Enerbility's Changwon plant to inspect nuclear manufacturing capabilities as Indonesia pursues 10GW of nuclear power by 2040, raising hopes for Korean firms' entry into Southeast Asia.
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Korea Electric Power signs 2.1 trillion won power plant contract at Saudi Arabia's largest gas field
Korea Electric Power Corp. signed a final contract with Aramco to build and operate a 331MW cogeneration plant at Saudi Arabia's Jafurah gas field, expecting $1.4 billion in revenue over 17 years. Doosan Enerbility and Korea Eximbank will join the project as Team Korea.
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Hyundai Steel, POSCO break ground on $5.8 billion US joint steel mill
Hyundai Steel and POSCO have begun foundation work on their joint steel mill in Louisiana after securing key permits, targeting commercial production in 2029 with an annual capacity of 2.7 million tons.
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72 Trillion Won in Corporate Bond Maturities in 2027: A Refinancing Time Bomb for Low-Rated Firms
Corporate bond maturities will hit 72.3 trillion won in 2027, with 48.3 trillion won due in the first half. Low-rated firms face a liquidity crisis as refinancing costs surge and credit spreads widen.
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Samsung Electronics ends 2-year 4G·5G patent war with China's ZTE
Samsung Electronics and ZTE have mutually withdrawn all patent infringement lawsuits, ending a two-year global dispute over 4G and 5G standard essential patents. The settlement follows conflicting royalty rulings in UK and Chinese courts.
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Hyundai Motor's 560 billion won Algeria plant gears up for full production
Hyundai Motor is preparing to start full production at its $400 million assembly plant in Relizane, Algeria, with an annual capacity of 50,000 vehicles. The Algerian government pledged support to boost local parts production and technology transfer.
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Korea's Chunmoo emerges as strong candidate for Philippines' long-range strike weapon
Korea's K239 Chunmoo rocket system is emerging as a leading candidate for the Philippine military's long-range strike program, with faster delivery and stable ammunition supply cited as key advantages over the US HIMARS.
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Hanwha Q Cells-led petition pays off as US slaps up to 268% tariffs on Indian, Indonesian solar
The US ITC made a final injury determination on solar imports from India, Indonesia and Laos, clearing the way for tariffs up to 268%. Hanwha Q Cells, which led the petition, is expected to benefit from blocked Chinese detour exports.
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JYP sues US distributor over Stray Kids song copyright infringement
JYP Entertainment sued US distributor OneSync Media and its founder over unauthorized distribution of Stray Kids member Han's solo track, alleging DMCA violations through DIY distribution platforms.
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Kia to invest 2.1 trillion won in India plant for 500,000-unit annual capacity
Kia plans a $1.5 billion investment to expand its Anantapur plant in India to 500,000 units annual capacity, with three Korean parts makers investing 266 billion won alongside.
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Samsung Bioepis proves efficacy of Keytruda biosimilar in phase 3 trial at US conference
Samsung Bioepis presented phase 3 data for its Keytruda biosimilar SB27 at SITC 2026, showing equivalence in objective response rate. The company has filed for US FDA approval, leveraging large-scale trial data as rivals scale back.
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LG Energy Solution signs partnership with China's Linyang Energy after 355% ESS shipment growth
LG Energy Solution has formed a strategic partnership with China's Linyang Energy to enter China's ESS market, with plans to supply prismatic LFP batteries to a Nanjing grid project. Its global ESS shipments jumped 355% in the first three quarters of 2026.
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Korean defense AI startup Newtype denies reports of halted Barbara tests in Ukraine
Newtype Industries denied reports that Ukraine suspended tests of its AI targeting software Barbara, citing diplomatic tensions. CEO Cho Sung-won reaffirmed cooperation with Ukrainian forces.
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Hyundai's Motional joins fully driverless taxi race in Las Vegas
Motional, Hyundai Motor Group's autonomous driving joint venture, will launch fully driverless robotaxi service in Las Vegas with Uber this month, Uber said on Nov. 4. Uber plans to secure about 700 driverless vehicles by year-end to improve profitability.
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LG Energy Solution to supply LFP batteries for 400MWh ESS in Nanjing
LG Energy Solution will supply its prismatic LFP batteries for a 400MWh ESS plant in Nanjing, China, its first such application in the country, through a joint venture with Nanjing Urban Construction Group.
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LS Cable & System US unit starts 68 billion won expansion line, ships first product
LS Cable & System's US subsidiary has started operating a new CCV line at its North Carolina plant, shipping its first medium-voltage cable product to meet surging demand from AI data centers.
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Hyundai Steel’s US plant site leased for 1,400 won a year, sparking secret subsidy controversy
Hyundai Steel's $5.8 billion Louisiana steel mill project faces backlash over a $1-a-year land lease, up to $200 million in state support and NDAs signed by at least 23 officials.