HD Hyundai XiteSolution announced Tuesday that it has developed Korea’s first electric heavy-duty forklifts, capable of lifting up to 9 tons. According to shipbuilding giant HD Hyundai's construction equipment subsidiary, it plans to launch a new electric forklift lineup this June, consisting of eight models with load capacities ranging from 4 to 9 tons. While forklifts with capacities over 7 tons are typically classified as heavy-duty equipment, no electric models exceeding 5 tons have been dev

Rolls-Royce Motor Cars debuted the high-performance Black Badge variant of its all-electric Spectre coupe in Seoul on Tuesday. With a maximum torque of 1,075 newton meters, the Spectre Black Badge is among the most powerful electric vehicles on the market. Korean pricing starts at 719 million won ($510,327), with deliveries scheduled to begin in the third quarter of 2025. (Rolls-Royce Motor Cars)

Korea’s electronics parts maker LG Innotek announced Monday that it has partnered with Boston Dynamics, a US-based robotics subsidiary of Hyundai Motor Group, to develop a vision system for a future edition of the Atlas humanoid robot. Under the partnership, LG Innotek will design and supply hardware modules for the robot’s vision sensing system, drawing on its expertise in advanced sensors for smartphones, home appliances and mobility devices. Boston Dynamics will be responsible for developing

Korea’s leading battery manufacturer, LG Energy Solution, announced Monday the launch of a new program to accept collaboration proposals from companies with innovative battery technologies, aiming to spur growth through technical partnerships. Through its Open Submission Start-up program, LG Energy Solution will offer joint research and development opportunities or potential investment, following a thorough review and technology assessment of submitted proposals. As part of the initiative, the c

Korea's infrastructure and energy conglomerate LS Group announced Friday that it will take part in building the power grid for a planned city in Bhutan by forming a joint venture with the country’s state-run city development agency. LS Group signed an agreement in Seoul earlier in the day with Bhutan’s Gelephu Investment and Development Corporation to establish the joint venture LS GIDS Pte. Ltd. The joint venture will provide essential infrastructure components — such as transformers, energy st

SK On emerged during the first quarter as the sole South Korean battery maker to increase its market share in the global EV battery market outside China, defying headwinds from fast-growing Chinese rivals. The company captured 10.6 percent of the global market between January and March, up from 9.9 percent a year earlier, overtaking Samsung SDI to become the world’s No. 3 EV battery supplier, according to a report Friday from SNE Research. Battery usage in newly registered EVs reached 10.4 gigaw

The Korean government, shipbuilding industry and academic institutions have joined forces to develop a liquefied hydrogen carrier and secure an advantage in the future of shipbuilding technology, the Ministry of Trade, Industry and Energy announced Friday. To design and build a large-scale vessel capable of transporting hydrogen fuel, a new consortium was launched on the day at Bexco convention center in Busan. The ministry will provide 55.5 billion won ($39.6 million) in funding for the project

LG Energy Solution announced Thursday that it has completed its acquisition of General Motors’ stake in a joint venture battery plant in Michigan, expanding its production capacity to serve a wider range of automakers in North America. The electric vehicle battery plant has been under construction since 2022. It was initially intended to become the third battery manufacturing facility under Ultium Cells — a 50:50 joint venture between LG Energy Solution and GM — based on a joint investment of $2

HD Hyundai announced Thursday that its subsidiaries have partnered with robotics companies to develop an artificial intelligence-powered humanoid robot for welding, aiming to improve both efficiency and safety in the essential yet hazardous process of shipbuilding. According to the company, HD Korea Shipbuilding & Offshore Engineering, the shipbuilding arm of HD Hyundai, and HD Hyundai Robotics recently signed a strategic partnership in Houston, Texas, with two firms: Persona AI, a US-based robo

Korea’s leading shipbuilders have teamed up to pursue a Canadian submarine project estimated to be worth up to 24 billion Canadian dollars ($17.4 billion), easing their long-standing rivalry in the special shipbuilding sector, industry sources said Wednesday. HD Hyundai Heavy Industries and Hanwha Ocean, two of Korea’s largest shipyards, jointly submitted a proactive proposal to the Canadian government in March for the project, which aims to add up to a dozen 3,000-ton-class submarines to the co

HD Hyundai announced Tuesday that it has signed a strategic partnership with shipping giant Maersk to support the Danish firm’s efforts toward low-emission operations while strengthening its own global supply chain. The signing ceremony took place at HD Hyundai’s Global R&D Center in Seongnam, Gyeonggi Province on April 24, with Executive Vice Chair Chung Ki-sun and Maersk Chair Robert Maersk Uggla in attendance. "Our collaboration with Maersk will serve as a leading example of innovation in the

US Navy Secretary John Phelan and top executives at Korea’s major shipbuilding companies explored opportunities for bilateral collaboration during the secretary's tour of key Korean shipyards. On Wednesday afternoon, Phelan traveled from Seoul to the HD Hyundai Heavy Industries shipyard in Ulsan, located 300 kilometers southeast. He then continued another 100 kilometers to Hanwha Ocean in Geoje, South Gyeongsang Province. “The relationship between the US Navy and the Republic of Korea’s maritime

LS Cable & System, a Korean grid facility manufacturer, has been recognized as a top supplier at the Americas' largest conference for offshore wind power generation and ocean renewable energy, it said Thursday. The company received the Supply Chain Advancement Award on Tuesday at the International Partnering Forum 2025 in Virginia Beach, Virginia. It is the first time a Korean company has been honored with the recognition. The award recognizes LS Cable & System’s expertise in submarine cables, i

Jaguar Land Rover, British premium car manufacturer, announced the introduction of a new customer care initiative in Korea that aims to address long-standing concerns over consumer trust, which has been a key obstacle to the brand’s growth here. The One Strategy initiative is "designed to redefine what a premium ownership experience means in Korea,” said Robin Colgan, managing director of JLR Korea, during a media conference held Wednesday in Seoul. The strategy includes extending warranty cover

The American Chamber of Commerce in Korea announced that it held a seminar focused on Korea’s business regulatory landscape, seeking ways to strengthen business partnerships between Korea and the US and foster closer ties between the two countries. The seminar, titled Shaping the Regulatory Environment for Sustainable Trade, was held at the Conrad Seoul Hotel in Seoul on Tuesday. It aimed to explore strategies to enhance Korea’s appeal as an investment destination, according to AmCham. AmCham st