LG Group said Thursday it has partnered with the Guggenheim Museum, a world-renowned modern and contemporary art museum in New York, to spur innovation in the art world using its technological prowess. The nation’s fourth-largest conglomerate plans to discover and support the convergence of advanced technology and art, and also financially support emerging innovative artists through this partnership. In collaboration with the Guggenheim Museum which is located in New York City, Abu Dhab

Hyundai Oilbank seeks to become an eco-friendly energy company through two new projects on emission reduction technology that can be applied across the energy system. The Korean oil company said Tuesday it has been working with DL E&C on two carbon capture and utilization projects to produce construction materials such as cement and concrete with desulfurized gypsum and carbon. Hyundai Oilbank is also working with Taekyung Industry, a company responsible for 30 percent of the high purity

South Korea has the most established electric vehicle charging infrastructure per unit in the world, a report by an autonomous intergovernmental organization said Tuesday. The latest findings released in the Global EV Outlook 2022 by the Paris-based International Energy Agency showed that South Korea had 2.6 EVs per charging point last year. A charging point refers to the number of sockets that can charge vehicles at the same time. Among the 20 countries included in the report, South Korea h

Hyundai Engineering & Construction successfully remediated a large amount of dioxin-contaminated soil for the first time in South Korea. According to Hyundai E&C on Monday, the project of remediating 11,031 cubic meters of dioxin-contaminated land at Camp Market -- a US Army installation situated in Bupyeong-gu, Incheon -- was successfully completed after two years and 11 months of work. The company used the in-pile thermal desorption and thermal oxidation cleanup treatment of dioxins

Three cars under Hyundai Motor’s high-performance N brand will participate in the 50th 2022 ADAC 24h Nurburgring race from May 28 to 29, the company said on Friday. This year, Hyundai Motor is entering Elantra N TCR, i30 N TCR and i30 Fastback N cup race cars into the VT2 class to further demonstrate the performance and durability of its N brand models. The 24-hour Nurburgring race is a racing event in which more than 100 cars take to the starting grid and drive through a 25-kilometer ci

Air Busan opened up a new international flight route from Incheon to Osaka on Friday. The budget carrier offers a weekly flight every Friday from Incheon to Osaka at 9 a.m. and one return flight departing from Osaka at 12:30 p.m. Air Busan will be using the 220-seater A321LR aircraft for the one hour and 50-minute-long flight. Starting from June 26, Air Busan will increase the number of flights to twice a week. “As the immigration procedure in Japan has eased up and as the two countrie

Korean Air is facing hurdles in acquiring the cash-strapped air carrier Asiana Airlines as it awaits clearance from at least four regions the EU, the US, Japan, and China. The EU’s regulatory body, considered one of the biggest obstacles in the airline’s bid as it has been getting tougher over business mergers, recently asked Korean low-cost carriers Tway Air and Air Premia for their opinion on the merger between South Korea’s two biggest air carriers, according to the aviatio

Starting next month, South Korea and Japan will resume flight services between Seoul’s Gimpo and Tokyo’s Haneda airports. Korea Airports Corp. said during its regular briefing Tuesday that it is currently discussing the exact date and immigration procedures with the Japanese government before reopening flights between Gimpo and Haneda. Once resumed, there will be 16 flights provided every week by Korean Air, Asiana Airlines, Japan Airlines and All Nippon Airways. The air route ha

Hyundai Engineering & Construction has signed a strategic cooperation agreement with the nuclear power industry leader Westinghouse Electric Company to jointly build next generation nuclear power plants. This is the first time that a Korean firm has formed a partnership with the US nuclear power company. Under the agreement, Hyundai Engineering & Construction will be participating in engineering, procurement, and construction of next-generation nuclear power plants such as the AP1000 p

The Porsche World Roadshow, featuring diverse driving programs such as circuit driving, slalom course, and launch braking offered by the German carmaker, resumed in South Korea on May 19 after skipping a year due to the COVID-19 pandemic. Porsche Korea had around 28 models including the Taycan GTS, a model yet to be launched in South Korea, lined up for test drives at Everland Speedway in Yongin, Gyeonggi Province. The Taycan GTS was definitely the eye-catcher of the event, as not only it is t

S-Oil Chief Executive Officer Hussain A. Al-Qahtani on Friday apologized over the explosion of its refinery in Ulsan, about 415 kilometers southwest of Seoul, and promised to take all measures possible to prevent such incident from happening again. “I would like to express my deepest condolences and apologies to the deceased who lost his life from an incident in S-Oil Onsan Refinery and to his family. My apologies also go out to the injured workers and local residents close to the refine

General Motors on Friday named Roberto Rampel, current president of GM Technical Center Korea, as president and CEO of GM Korea. Rempel, an engineering specialist, will start his term on June 1 when his predecessor Kaher Kazem leaves for his new role as executive vice president of SAIC-GM in China. GM expressed high hopes for the new CEO in winning more customers in both domestic and exports markets, and improving the overall competitiveness of GM’s Korean operations. “The GM K

INJE, Gangwon Province - Toyota’s iconic motorsports car Gazoo Racing 86 is back, 10 years after its second-generation model was launched in South Korea. And while other models are sold on green credentials, the carmaker has made a play for petrolheads with the third generation of the car, increasing the size of the engine by 20 percent to 2.4 liters, and offering a maximum torque of 25.5 kilogram-meters. Design-wise, the GR86 is unremarkable, looking like a typical sports car that can b

Hyundai Motor’s IONIQ 5 loaded with Level 4 self-driving technology has started delivering food in California. Motional, a US autonomous vehicle company that Hyundai Motor Group and US mobility startup Aptiv formed, and Uber Eats began operating their pilot program of automated delivery service in Santa Monica, California, on Tuesday. The partnership was announced in December. At Level 4, a vehicle can drive itself under limited conditions and will not operate if all required conditions

South Korean sports utility vehicle maker SsangYong Motor unveiled its new mid-size SUV called Torres on Tuesday, scheduled to be launched next month. The launch of the new vehicle came amid growing financial pressure on the SUV maker, which has been struggling to find a new suitable buyer. The new vehicle was named after the Torres del Paine National Park located in Chile’s Patagonia region, a place often known as “the end of the world.” “We adopted the name Torres bec

Volvo is close to catching up to German automaker Audi, which kept its title as the third top selling foreign car brand in South Korea, data showed Monday. According to Korea Automobile Importers & Distributors Association, Volvo Korea sold a total of 1,332 units in April overtaking Audi Korea which sold 1,051 units the same month. Compared to sales in March, Volvo Korea saw a 1.8 percent on-month sales increase in April while Audi Korea’s sales dropped by 9 percent. In April, Volvo

On news reports that South Korea’s auto giant Hyundai Motor is set to announce a $7 billion investment plan in US, market experts said Friday that the carmaker appears to have done the math: lucrative state incentives, tax benefits, growing demand for electric vehicles and perhaps, proximity of battery supply from its fellow South Korean company SK Innovation. The world’s fifth-largest carmaker will unveil the plan to build an EV plant during US president Joe Biden’s state vis

Korea Aerospace Industries is seeking to expand to Central Europe, the firm said Thursday, as it promoted the homegrown FA-50 light attack fighter during the International Defense Exhibition Bratislava 2022 in Slovakia. “We are prioritizing looking for new markets in Central Europe for FA-50 as the recent accelerated formation of a new Cold War structure is resulting in an increase of defense spending to realize self-defense in many parts of the world,” said a KAI official. The na

By 2025, flying taxis, or urban air mobility (UAM) vehicles, in South Korea could be accessed at gas stations located near major cities. Oil refiner GS Caltex, along with five leading companies in telecom, mobility and airline businesses, have formed a consortium to jump into the future mobility market together on Tuesday. The five other firms are telecom company LG Uplus, taxi-hailing app Kakao Mobility, domestic drone solutions company Pablo Air, low-cost carrier Jeju Air, and British UAM man

Samsung C&T Corp., the construction unit of Samsung Group, has partnered with NuScale, the leading small modular reactor (SMR) technology provider, to expand its SMR business into the global market. Samsung C&T CEO Oh Se-chul and NuScale CEO John Hopkins gathered at the headquarters of NuScale Power in the US state of Oregon on Monday to form a comprehensive partnership for joint global SMR market development and expansion. Samsung C&T has been continuously enhancing its strategic