Kolon Industries is expanding its automotive materials business and accelerating its efforts to penetrate the global market. Kolon Industries launched a new division in January that consolidates its capabilities in the automotive materials and components business. The new division includes the autom...
Former Democratic Party of Korea representative Lee Jae-myung and singer Rosé have been selected by the U.S. weekly magazine Time as one of the '100 Most Influential People of the Year (Time 100).' Time included former representative Lee in the leaders section of the 'Time 100' list announced on the...
POSCO Engineering & Construction issued an apology regarding the collapse of the underground tunnel on the Shin Ansan Line that occurred on the 11th, stating it would implement thorough measures to prevent a recurrence. On the 16th, shortly after a worker missing at the construction site was found d...
It has been reported that Japanese financial company SBI Holdings plans to increase its stake in Kyobo Life Insurance to over 20%. SBI Holdings currently holds 9.3% equity in Kyobo Life Insurance. On the 16th, the Japanese newspaper Nihon Keizai Shimbun reported that SBI Holdings decided to increase...
Hyundai Motor Group participated in the 'Global Hydrogen Ecosystem Summit 2025' held in Jakarta, Indonesia, on the 15th (local time), and announced specific plans for the 'Indonesia W2H Hydrogen Ecosystem Establishment Project' being pursued in collaboration with the Indonesian government and the st...
U.S. President Donald Trump indicated that he would suspend tariffs on auto parts, increasing the likelihood that domestic auto parts and battery manufacturers would benefit. Several auto parts companies have established factories in Mexico, and battery manufacturers are setting up in Canada to supp...
Tata Daewoo Mobility announced that its new CEO, Kim Tae-sung, took office on the 14th. Kim was born in 1967 and joined Hyundai Motor in 1993, gaining approximately 30 years of experience in global sales strategy, product marketing, and digital business. He held positions such as head of Hyundai Mot...
China's decision to halt rare earth exports in response to the reciprocal tariffs imposed by the Donald Trump administration has led the domestic automobile industry, including Hyundai Motor Company and Kia, to face another challenge. Rare earths are essential materials used in the production of ele...
U.S. President Donald Trump announced he would suspend reciprocal tariffs on all trading partners for 90 days and indicated he would exempt certain corporations from tariffs. If the exemption applies only to American corporations, it would be a setback for Korean corporations, but if it is expanded ...
In 2018, analyses suggest that the expansion of U.S. President Donald Trump's tariff bomb, which had been limited to certain items centered around China, to all items worldwide in the second phase was due to China's 'disguised exports.' Concerns have been raised that the United States may continue t...
