LG Display's plastic organic light emitting diode (P-OLED) panel for automobiles has been certified as an eye-friendly display. The company selected P-OLED panels as a future growth engine, and is pioneering new markets for the product in automobiles and aviation, For example, it recently won an

Hyundai Motor and Kia Motors significantly ramped up sales of their electric vehicles (EVs) in Europe. Hyundai and Kia's EV sales in the European market in January stood at 6,083 units, up 71.3 percent from 3,552 units in January, Hyundai and Kia said on Feb. 18.By car model, Kia Soul EV sales r

Six out of 10 Korean companies are concerned about business slumps due to COVID-19 infections, the Korea Economic Research Institute (KERI) said on Feb. 16.The institute, which is affiliated with the Federation of Korean Industries (FKI), announced the results of a recent survey conducted on the 1,0

The National Fire Agency and the Korea Automobile Manufacturers Association announced on Feb. 17 that Jaguar cars caused the largest number of car fires per 10,000 vehicles in South Korea last year. Their data, which does not include arson-based fires, is based on mechanical, electrical and chemical

The Korea International Trade Association announced on Feb. 16 that South Korea’s photovoltaic module imports from China totaled US$367.52 million last year, up 67.4 percent from a year ago, while South Korea’s photovoltaic module exports to China fell from US$1,423,000 to US$437,000.Experts point o

Hyundai Motor and Kia Motors have decided to extend the suspension of their factories just one day after their operation has been resumed after a shutdown due to the COVID-19 outbreak. A shortage of wiring harnesses from China has not been totally resolved yet.Hyundai Motor said on Feb. 17 that its

Kia Motors Corp. has revealed the first official images of the new Kia Sorento on Feb. 17, ahead of its first public appearance at the 2020 Geneva International Motor Show. The concept of ‘refined boldness’ inspired Kia’s designers, who sought to maintain the robust, tough-looking aesthetic of earli

LG Group has begun to reexamine the production strategies of its key manufacturing subsidiaries amid the spread of the COVID-19. Last year, the company began to diversify the import sources of electronic materials and components following Japan’s export restrictions against Korea. Now the group is e

Samsung Heavy Industries overcame a liquidity crisis by securing 700 billion won in January. However, the risk burden stemming from its unsold drill ships still threatens its financial recovery.Samsung Heavy Industries recently secured 700 billion won in long-term borrowings against the five drill s

A Turkish consumer electronics company has filed a "nonsensical" patent suit against LG Electronics. The patent claimed by the Turkish company Arcelik has already been expired. Industry watchers say the Turkish company appears to have filed the suit in an attempt to offset the patent infringement la

LG Chem has pulled off a victory in a lawsuit filed against SK Innovation regarding an infringement of its electric battery (EV) battery trade secrets. LG Chem and SK Innovation are expected to begin a settlement process in the near future.On Feb. 14 (local time), the U.S. International Trade Commis

Korean Air’s financing costs are forecast to snowball this year as its business performance is likely to keep deteriorating due to adverse market conditions.This year alone, the company must repay a total of 4,354.2 billion won. For example, samurai bonds worth 5.1 billion won are scheduled to matur

The Japanese government’s WTO litigation against a business combination between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering is to keep South Korea’s shipbuilding industry in check.Hana Financial Investment said in its recent report that Japan Marine United (JMU), which was

SK Engineering & Construction (SK E&C) announced on Feb. 13 that it signed a financial agreement on financing the Almaty Circular Road Project in Kazakhstan with a creditors group consisting of multilateral development banks (MDBs), including the European Bank for Reconstruction and Development (EBR

SM Line, SM Group's flagship subsidiary, will be jointly operating the U.S. West Coast route with 2M, the world's largest shipping alliance.SM Line announced on Feb. 13 that it will start joint operation, hold exchanges and ship exchanges with 2M (Maersk and MSC) on the Asia-America route. J

Samsung Group has denied rumors about illegal propofol use by Samsung Electronics vice chairman Lee Jae-yong. The Seoul Central District Prosecutors’ Office is currently looking into the suspicion. According to a local news outlet, an anonymous person filed a report about Lee's repeated use of t

Korean airliners are facing an unprecedented crisis. Following Jeju Airlines, four low-cost carriers (LCCs) are receiving applications for unpaid leave from employees, and Asiana Airlines has received applications for a unpaid leave of absence from cabin crew members.Jeju Air's sales increased l

Hyundai Motor and Kia Motors have joined hands with a U.S. company to jointly develop a next-generation electric vehicle (EV) platform.Hyundai-Kia and Canoo announced on Feb. 12 that they have signed a mutual cooperation agreement on the development of next-generation electric vehicles at the Canoo

Market expectations are going up for LG Chem, Samsung SDI, and SK Innovation, the trio that represents the Korean electric vehicle (EV) battery industry. Global automakers such as Jaguar and Mercedes-Benz are forced to suspend their car production because of a shortage of battery supply from Korean

The Japanese government called into question the legitimacy of a merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) in making an issue of the South Korean government’s shipbuilding industry restructuring plan by bringing the case to the WTO. According t