Business

E-commerce operators keep splurging despite snowballing deficits In the classic game of chicken, two cars drive straight to each other. As the loss of swerving is trivial compared to the crash if nobody swerves, the rational option is to swerve...

Korean biosimilar maker promises to invest $34 billion Celltrion, a Korean biosimiar manufacturer, strives to surpass U.S. juggernaut Pfizer by 2030, according to the former’s Chairman Seo Jung-jin on May 16. Toward that end, Seo said that the Incheon-based company will...

Korean automaker named best certified CPO program Autotrader, the most visited third-party car shopping site in the United States, picked Hyundai Motor as the best non-luxury certified pre-owned (CPO) program among the non-luxury pack on May 16. In other words, Hyundai...

Automaker develops air purification system The era of convergence dawns as the boundaries between different industries continue to blur as a South Korean company dubbed Hyundai Motor amply demonstrates. The Seoul-based automaker announced May 16 that it developed an intelligent air...

Korean tech giant hosts Foundry Forum in US Samsung Electronics is ready for 3 nanometer (nm) technology, which will speed up innovations in advanced applications such as artificial intelligence and internet of things. One nanometer is a length that is...

Korean automaker joins hands with Rimac Hyundai Motor accelerates its development of next-generation models including high-performance electric vehicles (EV) and fuel cell electric vehicles (FCEV). The Seoul-based company said May 15 that it inked a strategic partnership with Rimac Automobili to...

People can see iTunes movies on smart TV In business, there are no permanent friends, no permanent enemies. There are only permanent interests - that would be the case for Samsung, which cooperates with Apple in smart TV. Both are...

Kim Hyo-joon investigated due to engine fire scandal BMW Korea Chairman Kim Hyo-joon has been regarded as one of the most successful CEOs in Korea. He led the company since midway through 2000 and made it the top foreign automotive...

Tech giant lays eyes on automotive components Samsung Electronics continues to try to diversify its revenue sources to reduce its high dependence on memory chips. Samsung is the world's largest maker of memory chips and smartphones. The Seoul-based company said May...

Stark-inspired vehicle delivered to Marvel fan Marvel fans would have a chance to watch an Iron Man-inspired vehicle on the road in the United States as Hyundai Motor recently delivered its first Kona Iron Man Edition to its customer. The Seoul-based...