LAS VEGAS -- Kia on Monday unveiled a versatile lineup of concept purpose-built electric vehicles at the CES 2024, featuring an all-new modular design architecture, and targeting commercial applications with a focus on sustainability and a blend of hardware and software solutions. The lineup is set for commercialization in 2028. “We are targeting the under-electrified light commercial vehicle market, identifying an opportunity to innovate in a sector burdened by inefficient post-production

LAS VEGAS -- Hyundai Motor Group on Monday unveiled a centralized strategy for its software-defined vehicles and an expanded hydrogen ecosystem during the CES 2024. "Our hydrogen venture is for future generations. ... (Software-defined vehicles) can offer enhanced safety,” said Hyundai Motor Group Executive Chair Chung Euisun, who attended the media conference held at the Mandalay Bay Convention Center in Las Vegas on Monday Hyundai reinforced its commitment to hydrogen energy by e

South Korean tech companies are gearing up to showcase their latest cutting-edge products and innovations at the upcoming CES 2024, the world’s largest tech trade show that opens Tuesday in Las Vegas. After years of pandemic disruptions, this year’s CES is expected to attract over 130,000 visitors, making it second largest after a record 180,000 visitors in 2020, according to the event organizer, Consumer Technology Association. Under the theme of “All On,” the upcoming C

Hyundai Motor Group kick-started the year with a New Year's address on Wednesday at Kia AutoLand Gwangmyeong, South Korea’s first dedicated electric vehicle factory, with Executive Chair Chung Euisun and other top executives sharing the company's vision and commitment to electrification and future mobility. The Hyundai chief reaffirmed the group's focus on "constant change" and "sustainable growth" as key strategies to thrive amid global uncertainties and

LG Display said Monday it will unveil four new automotive display technologies at the upcoming CES 2024 slated for next week in Las Vegas, introducing innovations tailored for software-defined vehicles that heavily rely on multiple advanced displays for various functions. These display solutions aim to improve the flexibility, visual quality, affordability, and safety of screens in software-defined vehicles. Central to LG's showcase is the adaptation of P-OLED, or plastic OLED, technology t

Leaders of South Korea’s top conglomerates are set to converge at CES 2024 in Las Vegas next month to immerse themselves in emerging tech trends and expand global business networks. SK Group Chairman Chey Tae-won will be making his second consecutive appearance after last year's CES. “I’m also wondering how far artificial intelligence can be evolved. Drastic changes are expected to be made in the next five years. (That’s why) I’m heading to the CES,” th

South Korean automotive technology company Hyundai Mobis said Wednesday it has teamed up with the Marine Corps to develop a novel anti-motion sickness technology for assault vehicles to boost Marines' combat performance on rough terrain. The potential technology is designed specifically for amphibious assault vehicles. Because these vehicles are used for transporting troops from ships to shore through rough, unpredictable sea and land conditions, motion sickness is a common issue that plagu

South Korean undersea cable maker Taihan Cable & Solution said Tuesday that it has acquired Korea's first cable-laying vessel designed specifically for offshore wind power projects, addressing a critical need in the sector. Priced at 50 billion won ($38.4 million), the 6,200-ton CLV outperforms traditional cable-laying barges in enabling faster, more precise cable installation. Capable of sailing at an average speed of 9 knots under its own power, it can transport and lay cables more

South Korean agri-food giant Harim Group reaffirmed its commitment to use container transportation and shipping company HMM's substantial cash reserves to bolster the shipping firm's global competitiveness as it moves close its acquisition deal, denying concerns about potential misappropriation of funds. “We are committed to making strategic use of HMM's 10 trillion won ($7.7 billion) reserves to navigate the current challenges in the shipping industry effectively. This mirr

Hyundai Motor Group's self-driving mobility division, 42dot, revealed Friday that it will make its debut at the upcoming CES 2024 tech show in Las Vegas to showcase its software-driven vehicle technology. The technology integrates both software and hardware in automobiles, reflecting the digital advancements seen in smartphones and Tesla vehicles. Established in 2019 by Song Chang-hyeon, a former chief technology officer at Korean online platform Naver, 42dot has quickly emerged as a notabl

  The South Korean National Assembly concluded a contentious decision to reduce the national research and development budget to 26.5 trillion won ($20.4 billion) on Thursday, a 15 percent reduction from this year and marking the first R&D budget cut in 33 years. The reduction of 4.6 trillion won is a slight adjustment from the government's initial proposal of a 5.2 trillion won cut, a concession in response to significant backlash and criticism from both the scientific and political com

Hyundai Motor on Thursday shared a glimpse into its upcoming presentation at CES 2024 in Las Vegas, set for Jan. 8, previewing the company’s vision for a hydrogen-powered ecosystem and a future shaped by software innovations. The presentation, under the theme of "Ease every way," is scheduled from 1:00 p.m. to 1:45 p.m. Pacific Standard Time and will be livestreamed on Hyundai's global YouTube channel. Central to Hyundai's hydrogen strategy is the "Hydrogen Busines

The Kia Carnival, a top choice for a family vehicle in South Korea, reflects the classic American family minivan. Three years after the success of the fourth generation, Kia is upping its game with a revamped Carnival lineup, most notably with its first-ever hybrid model that tackles the vehicle's main shortcoming: fuel efficiency. The hybrid model, entering its precontract phase last month alongside other models, has quickly attracted consumer attention, with hybrids making up 70 percent o

Hyundai Motor Group could compete head-to-head with Apple in software, a domain where Apple, as the world's most valuable company, is known to excel, as the South Korean automaker is progressing toward its own software-defined vehicle vision that aims to incorporate its proprietary connected car operating system into all new models by 2025. This bold move could be part of its strategy to dominate in-car screens with its own software, potentially opening new revenue streams through content a

Sport utility vehicle sales in the South Korean market are projected to surpass 900,000 units in 2023 for the first time, marking a significant milestone as SUV sales rapidly approach double that of sedans. There were 856,362 new SUV registrations, including recreational vehicles, in the first 11 months of 2023, data from the Transport Ministry analyzed by the CarIsYou data lab showed Monday. This exceeds the 837,948 SUV units sold throughout 2022 and represents the highest annual total since 20

Hyundai Motor Co. and Mubadala Investment Co., the United Arab Emirates sovereign wealth fund, have entered into a partnership set to advance projects in hydrogen energy, green aluminum production, eco-friendly mobility solutions, and advanced air mobility. This agreement was sealed at a signing ceremony in Abu Dhabi's Mubadala Tower on Friday, with Chang Jae-hoon, president and co-CEO of Hyundai Motor, and Waleed Al Mokarrab Al Muhairi, the deputy group CEO of the Investment Committee at

KG Mobility, formerly SsangYong Motor, and Saudi National Automobiles Manufacturing Company, a licensed producer of international and domestic automobiles, signed a partnership agreement on Friday to assemble the carmaker's Torres EVX electric vehicle in Saudi Arabia. The agreement expands an existing deal between the companies for SNAM to manufacture KGM's internal combustion engine vehicles. Under the new pact, SNAM will augment production capabilities to assemble the all-electric To

Hyundai Engineering and the Korea Atomic Energy Research Institute on Monday formalized an agreement to export Korean-made small modular reactors internationally, beginning with a project in Canada. Hyundai Engineering CEO Hong Hyeon-sung and KAERI President Joo Han-gyu signed the agreement at the institute's Daejeon headquarters to globally promote Korea’s System-integrated Modular Advanced Reactor, or "Smart." Under this partnership, Hyundai Engineering will spearhead busi

Posco Future M, a South Korean producer of battery materials, has newly joined the 2023 Dow Jones Sustainability Indices Asia Pacific Index in recognition of its commitment to sustainability and responsible business practices, the company said Tuesday. The DJSI, published annually by S&P Global, serves as a benchmark for investors globally, evaluating companies based on their economic, environmental, social and governance performance. The inclusion in the Asia Pacific Index positions Posco

Hyundai Motor and its sister company Kia on Monday unveiled a new tire technology that promises to improve winter driving safety and convenience by offering an automatic, hassle-free alternative to traditional snow chains. The patented technology integrates snow chains into the tire using a shape memory alloy. Traditional snow chains, known for their cumbersome installation and removal process, often deter drivers from using them. This new technology enables automatic deployment and retraction o