FCA Korea filed an administrative lawsuit against the Ministry of Environment to have its recall order issued last year revoked. The ministry determined in December last year that FCA Korea manipulated emissions data and told it to recall 2,428 Renegades and 500Xs with 2,000 cc diesel engines.The mi

LG U+ is under fire for beginning to receive subscriptions to its 5G services in areas where it has not established its 5G base stations.LG U+ is activating customers’ 5G smartphones in Busan, even though it has not yet installed 5G base stations and repeaters in the city. The number of 5G base stat

Samsung Electronics Co. and Harman International Industries Inc. are speeding up the creation of synergy.Samsung Electronics announced on April 18 that Harman has recently signed an agreement with Germany’s BMW and China’s Great Wall Motor (GWM) to supply next-generation infotainment modules. Harman

South Korean shipping line Hyundai Merchant Marine Co. (HMM) is desperate to normalize its operations under its new president. The company is pinning hopes on the 12 mega container ships with a 23,000-TEU capacity that it will secure next year. HMM is struggling in the face of higher oil prices, low

The Genesis brand would unveil the Mint Concept Car based on an electric car at the 2019 New York International Auto Show, Hyundai Motor said on April 17.The Mint Concept Car is a global project created through collaboration among Hyundai Motor’s design centers in Korea, Europe and North America, th

SK Group chairman Chey Tae-won said on April 17 that SK Energy’s investment in vacuum residue desulfurization (VRDS) facilities is a good example of a shift to a blue ocean.Chey visited the construction site of the facilities at SK Energy's Ulsan Complex. “These facilities will set a good exampl

SK E&S unveiled its liquefied natural gas (LNG) carrier at a shipyard of Hyundai Heavy Industries in Ulsan, Korea on April 17. The vessel is the first LNG tanker to be launched by a private company in Korea. It will be used to transport shale gas from the United States.SK E&S completed the construct

South Korea’s auto industry is shrinking, with production, domestic consumption and exports all on a steady decline amid global economic slowdown, intensifying competition and labor strikes.Domestic automobile production and demand declined by 0.8 percent and 0.3 percent in the first quarter of this

Dominique Signora, CEO of Renault Samsung Motors Corp., said on April 16 that Renault Group will continue to invest in the South Korean market and contract out production of new models to Renault Samsung.Signora made the remarks during his meeting with Oh Keo-don, mayor of Busan Metropolitan City.Fo

Six domestic companies in Gwangju and South Jeolla Province, including large companies such as LG Chem and Hanwha Chemical, have been manipulating the measurement of air pollutants for years, the Ministry of Environment said on April 17.The Ministry of Environment and the Yeongsan River Basin Enviro

COMITIA, an in-house venture startup of Korea Midland Power (KOMIPO), has succeeded in exporting a product it has developed.KOMIPO announced on April 16 that COMITIA exported a ladder slip prevention device to Wampu Hydro Electric Power Plant and Cirebon Coal-Fired Power Plant in Indonesia.The ladde

Imported car sales have been on a steady decline this year. However, car importers are preparing to make a major comeback in April, the peak season. They are seeking to promote imported car sales by addressing a shortage of imported cars and launching new models that were recently introduced at the

SK Telecom and Hyundai Motor Group have banded together to nurture mobility and connected-car startups.SK Telecom and Hyundai Motor Group announced on April 16 that they would launch the “Zero One True Innovation Accelerator Program” to discover and invest in tech service startups in the fields of m

South Korea’s state-run power generation companies are entering the hydrogen industry one after another by launching projects for hydrogen fuel cell-based power generation in cooperation with their counterparts in the private sector. This type of power generation is characterized by using hydrogen a

A labor-labor conflict is emerging at Renault Samsung Motors as the company is facing a “production cliff” due to a protracted labor-management conflict. Concern about job security is growing among labor union members as the automaker’s production volume has plummeted due to a strike of the labor un

Hyundai Motor said on April 15 that it would invest in Code 42, a recently established startup, for cooperation in various areas related to future mobility. Code 42 was created last month by Song Chang-hyun, who was chief technology officer (CTO) of Naver Corp. until early this year.Code 42 members

Coupang presented a surprising scorecard once again. The company saw its sales surpass 4 trillion won (US$3.53 billion), widening the gap with its competitors. However, its annual operating loss exceeded 1 trillion won (US$882.22 million), which boosted the e-commerce company’s cumulative loss over

Doosan Corp. said in a regulatory filing on April 15 that its board of directors has decided to spin off its fuel cell and material business units. After the spin-off, the two companies, tentatively named “Doosan Fuel Cell” and “Doosan Solus,” respectively, will have an independent management system

South Korea's largest steelmaker POSCO Group will transfer its liquefied natural gas (LNG) storage business to its power generation affiliate, POSCO Energy Co., in order to reorganize its LNG business structure. The group is planning to increase synergy by transferring its LNG storage facilities

A number of South Korean cosmetics companies flew to Vietnam after China's THAAD retaliation in 2016. Now, most of the companies are not found there.South Korean companies started to invest a lot in Vietnam in the 1990s. At present, business environments in Vietnam are not that favorable. Especi