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Mon, May 29, 2023 | 18:46
Bill Gates arrives in Korea
Microsoft founder Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, arrives at Seoul Gimpo Business Aviation Center (SGBAC) in the Korean capital, Monday. Gates has been invited to speak at the National Assembly during his stay in Korea during Aug. 15-17, and is expected to meet with President Yoon Suk-yeol and key business leaders during his visit. Yonhap
Hyundai Motor Group becomes world's No. 3 automaker in sales volume
Hyundai Motor Group is now the world's third-largest automaker in terms of sales volume. Hyundai Motor Group said Monday that its global sales volume from January to June of this year stood at 3.3 million vehicles, coming in third behind Volkswagen Group, which sold 4 million vehicles, and Toyota, which ranked first with 5.1 million vehicles sold.
LCCs struggle despite increased int'l passenger demand
Local low-cost carriers (LCC) are deeply concerned despite a rise in international passenger demand, as the competition for Southeast Asian routes is intensifying due to difficulties entering the most popular destinations - Japan and China. Many experts believe it will be difficult for LCCs to improve their financial structure despite a surge in international flight demand.
Korea lacks data to operate autonomous vehicles
Amid intensifying competition to gain an edge in the self-driving vehicle market, concerns are rising that Korea might lose in the game as it lacks data to implement autonomous driving. Industry experts stress that a better environment should be established to accumulate autonomous driving data as in other leading countries such as China and the U.S. According to KMPG, a glob...
Hyundai to set up Robot AI research institute in US
Hyundai Motor Group announced Friday the launch of the Boston Dynamics AI Institute with the goal of making fundamental advances in artificial intelligence (AI), robotics and intelligent machines. Hyundai and Boston Dynamics will make an initial investment of more than $400 million in the new institute, which will be led by Marc Raibert, founder of Boston Dynamics.
Interpark under fire for 'unreasonable' airline ticket payment policy
Customers who booked flights through Interpark Tour are furious over the unexpected additional fees they have to pay three months after booking their nonrefundable flights, according to passengers and industry officials, Thursday
SK Signet to introduce EV chargers at Seoul E-Prix
SK Signet, a subsidiary of SK Inc., will participate as a sponsor of the 2022 Hana Bank Seoul E-Prix & Seoul Festa event and exhibit the latest electric vehicle chargers, according to the company, Wednesday. The Seoul E-Prix is the last competition of the 2021-2022 season of Formula-E, the world's largest electric car race
Bill Gates expected to meet with top business leaders in Korea
Bill Gates, the founder of Microsoft and co-chairman of the Bill & Melinda Gates Foundation, has been invited to speak at the National Assembly during his stay in Korea on Aug. 15-17, but all eyes are on whether he will meet with key business leaders during his visit, according to industry officials, Wednesday.
Wife of Hanwha chairman passes away at age 61
Suh Yung-min, the wife of Hanwha Group Chairman Kim Seung-youn, passed away at the age of 61, Tuesday. Suh passed away at a hospital in the U.S. after battling cancer. She is the daughter of Suh Jeong-hwa, who served as a member of the 12th to 16th National Assemblies and as Minister of the Interior. He is currently a standing adviser to the People Power Party. Suh and Kim we...
Solar, wind power firms to benefit from US anti-inflation act
The U.S. Inflation Reduction Act, which will likely take effect next year, is expected to benefit local companies in the solar and wind power sector, according to industry officials, Tuesday. The act, which is primarily designed to fight inflation, was passed by the U.S. Senate last week and will soon be signed into law by President Biden after a democrat-controlled House vot...