Powered by: Motilal Oswal

News

Mirae Asset looking to acquire India`s 9th largest brokerage Sharekhan South Korea’s leading asset manager Mirae Asset Financial Group aims to enhance its presence in India by acquiring Sharekhan, the Southeast Asian country’s ninth-largest brokerage firm, Korea Economic Daily reported. Bidders for Sharekhan have recently been shortlisted and Mirae Asset is one of them, people familiar with the matter said on Thursday. The Korean asset manager has begun due diligence on the Indian brokerage firm, they said, as per the report. The select bidd...
Mirae Asset looking to acquire India`s 9th largest brokerage Sharekhan
Mirae Asset looking to acquire India`s 9th largest brokerage Sharekhan
Source: IANS
2/09/2023 9:25:07 AM
Solid-state batteries, software essential for bigger share in EV era   South Korean carmakers need to speed up developing all-solid-state lithium batteries and securing electric vehicle-related software capabilities to gain a bigger share in the era of electric vehicles (EVs), an auto industry expert has said. All current EVs are powered by lithium-ion batteries, which can catch fire once they enter an uncontrolled, self-heating state known as "thermal runaway" in which the fires burn so hot and quickly that it can be extremely difficult t...
Solid-state batteries, software essential for bigger share in EV era
Solid-state batteries, software essential for bigger share in EV era
Source: IANS
21/08/2023 4:09:24 PM
Samsung working on 440MP camera sensor Tech giant Samsung is reportedly working on a new 440MP camera sensor, among other projects. The information came from tipster @Tech_Reve who claimed that the tech giant is working on three new camera sensors-- 50MP ISOCELL GN6, 200MP ISOCELL HP7 and 440MP ISOCELL HU1, reports SamMobile. With its large 1.6-micrometre pixel size, the ISOCELL GN6 camera sensor appears to be a continuation of the ISOCELL GN1 and ISOCELL GN2 camera sensors. "That's an upgrade over the ISOCELL GN...
Samsung working on 440MP camera sensor
Samsung working on 440MP camera sensor
Source: IANS
20/08/2023 5:11:21 PM
SK Telecom to invest $100 mn in US AI firm Anthropic SK Telecom, South Korea's largest wireless carrier, said it will invest $100 million in the US artificial intelligence (AI) company Anthropic in a partnership deal to expand its footprint in the AI sector. Anthropic is a San Francisco-based AI safety and research company, with products like the AI assistant Claude. It was founded in 2021 by former members of OpenAI, the operator of ChatGPT. SK Telecom said it planned to collaborate with Anthropic to develop an AI platform, as well a...
SK Telecom to invest $100 mn in US AI firm Anthropic
SK Telecom to invest $100 mn in US AI firm Anthropic
Source: IANS
14/08/2023 3:10:02 PM
South Korea`s Hyundai to launch more EVs in India South Korea's Hyundai Motor Group said on Tuesday it plans to launch more electric vehicles (EVs) under the Hyundai and Kia brands in India, in a sign that it is betting big on the world's third-largest auto market. Hyundai, already India's second-biggest carmaker by sales, will introduce five EV models by 2032 to add to the two it already sells -- the Kona and Ioniq 5 sport utility vehicles (SUVs). It will also grow its charging stations to 439 by 2027. Kia will start produ...
South Korea`s Hyundai to launch more EVs in India
South Korea`s Hyundai to launch more EVs in India
Source: Reuters
8/08/2023 6:35:59 PM
Momentum of FPI buying slows down It appears that the momentum of buying has slowed down and FPIs have turned sellers during the last two trading days, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI’s sustained buying continues in July. During the last three months, from May 1 through July 28, FPIs have invested Rs 1,36,351 crore in India. In July through 28, FPIs have invested in equity for Rs 45,365 crore, he said. An important feature of FPI investment is that their buy/sel...
Momentum of FPI buying slows down
Momentum of FPI buying slows down
Source: IANS
29/07/2023 3:23:51 PM
Google sees huge opportunities for future of AI in South Korea US tech giant Google has seen great potential for artificial intelligence (AI) technologies in South Korea, as it has chosen Korean as its priority service language besides English for its AI-based chatbot, Bard, a senior company official said on Thursday. "With Bard launched in Korean in 2023, this is one of the many opportunities that lie ahead," Yossi Matias, vice president for engineering and research at Google, said during the AI Week conference, co-hosted by the Ministry of...
Google sees huge opportunities for future of AI in South Korea
Google sees huge opportunities for future of AI in South Korea
Source: IANS
13/07/2023 5:14:32 PM
South Korea to create $230 mn fund for chip industry South Korea will create a fund worth 300 billion won ($229.25 million) to ensure the stable value chain of the chip industry by strengthening the logic chip sector and related materials, parts and components firms, the industry ministry said on Monday. Samsung Electronics and SK hynix vowed to invest a combined 75 billion won, and the Korea Development Bank, the Industrial Bank of Korea and several other entities will extend another 75 billion won of policy financing for a parent fund, acc...
South Korea to create $230 mn fund for chip industry
South Korea to create $230 mn fund for chip industry
Source: IANS
26/06/2023 5:43:44 PM
YouTube to launch its 1st-ever official shopping channel this month Google-owned YouTube will launch its official shopping channel in South Korea for live commerce later this month for the first time in the world, people familiar with the matter said on Wednesday. The new channel, set to open on June 30, will provide a live commerce platform to companies and plans to livestream shopping content with about 30 brands at launch, according to the people. This is the first time YouTube is opening an official shopping channel in any country in the world. &...
YouTube to launch its 1st-ever official shopping channel this month
YouTube to launch its 1st-ever official shopping channel this month
Source: IANS
21/06/2023 4:48:54 PM
Kia to launch all-electric EV9 SUV that gives 501 kms on single charge Kia, South Korea's second-biggest carmaker, said on Sunday it will launch its all-electric EV9 flagship SUV in the domestic market this week as part of its electrification efforts. The three-row seater is Kia's second model equipped with Hyundai Motor Group's dedicated electric vehicle platform, called E-GMP, after the EV6 SUV launched in 2021. The two-wheel-drive EV9 comes with a 99.8 kilowatt-hour battery and can travel 501 kms on a single charge. An all-wheel-drive model ...
Kia to launch all-electric EV9 SUV that gives 501 kms on single charge
Kia to launch all-electric EV9 SUV that gives 501 kms on single charge
Source: IANS
18/06/2023 11:43:30 AM
Hopes for a Fed pause bolster risk rally  A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for an explosive open on Wednesday after a below-consensus reading of headline U.S. inflation lit the touchpaper for a rally across all risky assets on Tuesday, although investors will be mindful of the steep rise in U.S. bond yields. The fall in U.S. inflation to a two-year low has convinced investors the Federal Reserve will pause raising rates on Wednesday, and they ...
Hopes for a Fed pause bolster risk rally
Hopes for a Fed pause bolster risk rally
Source: Reuters
14/06/2023 9:42:28 AM
Tata Motors rises on partnering with HSBC India Tata Motors is currently trading at Rs. 563.75, up by 1.55 points or 0.28% from its previous closing of Rs. 562.20 on the BSE. The scrip opened at Rs. 566.20 and has touched a high and low of Rs. 568.85 and Rs. 562.50 respectively. So far 122551 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576.50 on 08-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors rises on partnering with HSBC India
Tata Motors rises on partnering with HSBC India
Source: Accord Fintech
12/06/2023 11:26:36 AM
South Korean President, OpenAI CEO discuss ways to boost AI cooperation South Korean President Yoon Suk Yeol met with Sam Altman, CEO of OpenAI, the creator of ChatGPT, to discuss a variety of topics regarding artificial intelligence (AI) technologies. "ChatGPT is stirring up a global sensation," Yoon told Altman, who is traveling to meet political and tech leaders around the world. "I asked ChatGPT some questions when writing up my New Year's speech and got some very decent results," Yoon said. Altman suggested South Korea, one o...
South Korean President, OpenAI CEO discuss ways to boost AI cooperation
South Korean President, OpenAI CEO discuss ways to boost AI cooperation
Source: IANS
10/06/2023 12:24:03 PM
OpenAI CEO Sam Altman says ready to invest in South Korean startups The head of US artificial intelligence company OpenAI, Sam Altman, said he is ready to invest in promising startups in South Korea, where its global sensation chatbot ChatGPT has been rapidly and widely used. "We love to support people building on our platform. Some of our teams here today are happy to help with that," Sam Altman, CEO of OpenAI, said during a meeting with Korean businesspeople in Seoul. "We're exploring investing more in Korean startups. And we'd be ...
OpenAI CEO Sam Altman says ready to invest in South Korean startups
OpenAI CEO Sam Altman says ready to invest in South Korean startups
Source: IANS
10/06/2023 10:26:05 AM
Tata Motors moves up on looking to introduce new products including CNG, electric models Tata Motors is currently trading at Rs. 553.25, up by 6.80 points or 1.24% from its previous closing of Rs. 546.45 on the BSE. The scrip opened at Rs. 548.60 and has touched a high and low of Rs. 553.50 and Rs. 545.50 respectively. So far 581592 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 554.00 on 06-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on looking to introduce new products including CNG, electric models
Tata Motors moves up on looking to introduce new products including CNG, electric models
Source: Accord Fintech
6/06/2023 11:55:37 AM
Tata Motors moves up on launching upgraded Nexon EV MAX XZ+ LUX Tata Motors is currently trading at Rs. 540.25, up by 4.50 points or 0.84% from its previous closing of Rs. 535.75 on the BSE. The scrip opened at Rs. 538.05 and has touched a high and low of Rs. 542.45 and Rs. 538.00 respectively. So far 156406 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.45 on 05-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on launching upgraded Nexon EV MAX XZ+ LUX
Tata Motors moves up on launching upgraded Nexon EV MAX XZ+ LUX
Source: Accord Fintech
5/06/2023 10:11:26 AM
South Korea calls on North Korea to make 'audacious choice' for its future South Korea's Foreign Minister Park Jin has called for North Korea to immediately halt its "provocations" and make an "audacious" choice for a better future during a visit to Uzbekistan, Seoul's Foreign Ministry said on Sunday. Park made the call during a meeting with Uzbek scholars and experts at the University of World Economy and Diplomacy in Tashkent on Saturday, while deploring that the North's focus on its nuclear and missile programs came at the expen...
South Korea calls on North Korea to make 'audacious choice' for its future
South Korea calls on North Korea to make 'audacious choice' for its future
Source: IANS
4/06/2023 2:59:46 PM
LG partners Canadian startup to develop Artificial Intelligence chips  LG Electronics and Canadian AI computing startup Tenstorrent said on Wednesday they are working together to develop next-generation chips that could potentially power the South Korean tech company's smart consumer appliances and automotive products. Tenstorrent, founded in 2016, builds computers for artificial intelligence (AI). CEO Jim Keller is a microprocessor engineer, best known for his work at AMD and Apple, reports Yonhap news agency. The collaboration is expected to bo...
LG partners Canadian startup to develop Artificial Intelligence chips
LG partners Canadian startup to develop Artificial Intelligence chips
Source: IANS
1/06/2023 12:17:37 PM
India, South Korean reviews progress in bilateral strategic partnership, agrees deepen cooperation in trade, defence Prime Minister Narendra Modi and South Korean President Yoon Suk Yeol have reviewed the progress in the bilateral strategic partnership and agreed to deepen cooperation in areas like trade and investment, defence, semiconductors and cutting-edge technologies. They also discussed India's G20 presidency and South Korea's Indo-Pacific strategy. The Ministry of External Affairs (MEA) said they reviewed the progress of the India, Republic of Korea Special Strategic Partnership and discusse...
India, South Korean reviews progress in bilateral strategic partnership, agrees deepen cooperation in trade, defence
India, South Korean reviews progress in bilateral strategic partnership, agrees deepen cooperation in trade, defence
Source: Accord Fintech
22/05/2023 10:24:30 AM
South Korea seeks grace period for China`s mandatory battery certification South Korea has asked China to defer the application of its mandatory product certification rules for lithium-ion batteries used in mobile phones, the industry ministry said on Sunday. The Korea Agency for Technology and Standards under the ministry called on China to give a grace period to South Korean companies regarding the China Compulsory Certificate (CCC) required for lithium-ion batteries and battery packs, mobile power supplies and power chargers for telecommunication terminals use...
South Korea seeks grace period for China`s mandatory battery certification
South Korea seeks grace period for China`s mandatory battery certification
Source: IANS
22/05/2023 9:32:56 AM
South Korea set for homegrown space rocket Nuri`s launch next week South Korea was set to wrap up the assembly of its homegrown space rocket Nuri on Sunday, with three days to go before the planned third launch, coming about a year after its successful test launch, the science ministry said. Nuri, or KSLV-II, is set to lift off from the Naro Space Center in the country's southern coastal village of Goheung on Wednesday, and officials will complete its assembly and make final inspections on Sunday, according to the Ministry of Science and ICT and the K...
South Korea set for homegrown space rocket Nuri`s launch next week
South Korea set for homegrown space rocket Nuri`s launch next week
Source: IANS
21/05/2023 11:23:20 AM
Samsung, LG, other South Korean firms to invest $49 bn in display biz Samsung Display, LG Display and other South Korean display companies will make a combined investment of over 65 trillion won ($48.77 billion) by 2027 to secure innovative technologies and reclaim the world's No 1 position, the industry ministry said. The planned investments aim to expand the country's global market share to over 50 percent by 2027 from last year's 37 percent by developing new technologies for next-generation display items and expanding organic light-emitting di...
Samsung, LG, other South Korean firms to invest $49 bn in display biz
Samsung, LG, other South Korean firms to invest $49 bn in display biz
Source: IANS
20/05/2023 3:23:06 PM
Samsung to build $222 mn chip development facility in Japan Samsung Electronics will reportedly build a chip development facility in Yokohama as part of a highly symbolic initiative that will spur collaboration between the Japanese and South Korean chip industries, the media reported. According to Nikkei Asia, the new facility will cost around $222 million and will be built in Yokohama, southwest of Tokyo, where the South Korean company already has a presence. The development hub will be a separate unit. Although the details remain unclear, S...
Samsung to build $222 mn chip development facility in Japan
Samsung to build $222 mn chip development facility in Japan
Source: IANS
15/05/2023 5:39:28 PM
India`s carmakers back zero duty on limited British imports under trade deal Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain "if the need arises", according to a document seen by Reuters, offering better access to the world's third-largest automobile market. India currently levies 60% and 100% tax on car imports which will be reduced in a phased manner to 10% by year five but only for a maximum of 46,200 vehicles, according to a proposal made by the country's leading auto lobby grou...
India`s carmakers back zero duty on limited British imports under trade deal
India`s carmakers back zero duty on limited British imports under trade deal
Source: Reuters
15/05/2023 3:02:03 PM
South Korea, Japan agree on Seoul team's 4-day visit to assess nuke water release plan South Korea and Japan have agreed that a delegation from Seoul will visit Tokyo for four days to assess the latter's plan to discharge radioactive water from the crippled Fukushima nuclear power plant, the Foreign Ministry here said on Saturday. Working-level officials from the two countries held a meeting in Seoul on Friday to discuss details of South Korean experts' planned visit to the nuclear plant, reports Yonhap News Agency. The meeting lasted for 12 hours until around 2 a...
South Korea, Japan agree on Seoul team's 4-day visit to assess nuke water release plan
South Korea, Japan agree on Seoul team's 4-day visit to assess nuke water release plan
Source: IANS
13/05/2023 10:13:55 AM
South Korea`s Hyundai to invest $2.45 billion in Indian state South Korea's Hyundai Motor Co said on Thursday it will invest 200 billion rupees ($2.45 billion) in the southern Indian state of Tamil Nadu over the next 10 years, to beef up electric vehicle production in the world's most populous country. Tamil Nadu is a hub for automobile manufacturing with the likes of Ashok Leyland, TVS Motor, Hyundai and Renault-Nissan making thousands of two- and four-wheelers every year. Hyundai, through its Indian subsidiary Hyundai Motor India, w...
South Korea`s Hyundai to invest $2.45 billion in Indian state
South Korea`s Hyundai to invest $2.45 billion in Indian state
Source: Reuters
11/05/2023 1:00:36 PM
South Korea seeks cooperation with Hungary on nuclear power generation South Korea's Industry Minister Lee Chang-yang on Monday proposed enhanced cooperation with Hungary on nuclear power and various other advanced industry sectors, the Industry Ministry said. He made the call during a meeting with Hungarian Parliamentary Speaker Laszlo Kover in Seoul, where the two sides discussed ways to enhance bilateral economic ties, and promote trade and investment, according to the Ministry of Trade, Industry and Energy. Lee sought chances of joint work with Hun...
South Korea seeks cooperation with Hungary on nuclear power generation
South Korea seeks cooperation with Hungary on nuclear power generation
Source: IANS
8/05/2023 5:43:14 PM
Yoon Suk Yeol, Fumio Kishida agree to allow South Korean experts to visit Fukushima nuclear plant South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida agreed on Sunday to allow a group of South Korean experts to visit Japan to inspect the planned release of radioactive water from the crippled Fukushima nuclear power plant, both sides said. Yoon and Kishida announced the agreement during a joint press conference following a summit in Seoul, Yonhap news agency reported. "With regard to the contaminated water from Fukushima, we agreed on the dispatch of a...
Yoon Suk Yeol, Fumio Kishida agree to allow South Korean experts to visit Fukushima nuclear plant
Yoon Suk Yeol, Fumio Kishida agree to allow South Korean experts to visit Fukushima nuclear plant
Source: IANS
7/05/2023 4:46:54 PM
South Korea to lower national crisis level for Covid-19 soon South Korea plans to "swiftly" lower its national crisis level for Covid-19, the head of the country's public health agency said on Saturday, after the WHO declared an end to the virus as a global health emergency earlier this week. The Korea Disease Control and Prevention Agency (KDCA) Commissioner Jee Young-mee made the announcement in a statement, following WHO's move on Friday to end the public health emergency of international concern that had been in place since Jan...
South Korea to lower national crisis level for Covid-19 soon
South Korea to lower national crisis level for Covid-19 soon
Source: IANS
7/05/2023 9:12:20 AM
South Korea Innovation Q1 profit drops 77%, paints rosy picture for battery biz SK Innovation reported a 77.3 per cent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while forecasting improvement in profitability for its loss-making battery unit after the second quarter upon US tax benefits. Operating income came to 374.9 billion won ($283.2 million) for the January-March period, compared with 1.65 trillion won the previous year, the refinery unit under South Korea's SK Group said in a filing. Revenue rose 17.7 per cent on-...
South Korea Innovation Q1 profit drops 77%, paints rosy picture for battery biz
South Korea Innovation Q1 profit drops 77%, paints rosy picture for battery biz
Source: IANS
6/05/2023 7:32:32 PM
South Korea, Indonesia to seek stronger economic ties, push for green growth South Korea and Indonesia agreed on Wednesday to expand economic ties amid the realignment of the global supply chain and seek growth based on green technologies, the finance ministry said. The agreement came as Finance Minister Choo Kyung-ho met his Indonesian counterpart, Sri Mulyani Indrawati, onthe margins of the 56th Annual Meeting of the Board of Governors of the Asian Development Bank held in Incheon, 27 kilometers west of Seoul, the Ministry of Economy and Finance said. During t...
South Korea, Indonesia to seek stronger economic ties, push for green growth
South Korea, Indonesia to seek stronger economic ties, push for green growth
Source: IANS
4/05/2023 9:19:21 AM
South Korea to release report on North Korea`s economic, social situations for 1st time South Korea's Unification Ministry on Tuesday said it plans to publish a report on economic and social situations in North Korea for the first time in November to help better understand people's lives in the secretive regime. The report will include statistical analysis on social and demographic features in North Korea, and show changes in the North's economic and social situations, based on testimonies from the North's defectors, Yonhap News Agency quoted the Ministry as s...
South Korea to release report on North Korea`s economic, social situations for 1st time
South Korea to release report on North Korea`s economic, social situations for 1st time
Source: IANS
2/05/2023 11:23:13 AM
South Korea`s exports down for 7th month on falling chip demand South Korea's exports fell for the seventh consecutive month in April due mainly to sagging global demand for semiconductors amid an economic slowdown, the industry ministry said on Monday. Outbound shipments fell 14.2 per cent on-year to $49.6 billion last month, according to the data compiled by the Ministry of Trade, Industry and Energy. The decline came as exports of semiconductors, the country's key export item, sank 41 percent on-year on falling demand and a drop in chip p...
South Korea`s exports down for 7th month on falling chip demand
South Korea`s exports down for 7th month on falling chip demand
Source: IANS
2/05/2023 9:37:25 AM
Finance Minister Nirmala Sitharaman to attend AGM of ADB in South Korea Finance Minister Nirmala Sitharaman will lead the Indian delegation to attend the 56th annual general meeting (AGM) of the Board of Governors of Asian Development Bank (ADB) in South Korea's Incheon from May 2 to May 5. The Indian delegation, consisting of officials from the department of Economic Affairs, is scheduled to depart on Monday itself. The meetings will be attended by official delegations of ADB members, observers, non-governmental and civil society organisations, media, ...
Finance Minister Nirmala Sitharaman to attend AGM of ADB in South Korea
Finance Minister Nirmala Sitharaman to attend AGM of ADB in South Korea
Source: IANS
1/05/2023 7:49:05 PM
Top nuclear envoys of South Korea, US discuss North Korea threat in Seoul The top nuclear envoys of South Korea and the US have met in Seoul to discuss ways to cooperate on countering North Korea's "evolving nuclear and military threats", the foreign ministry said on Sunday. US Special Representative for North Korea Sung Kim held a meeting with his South Korean counterpart, Kim Gunn, on Tuesday on the sidelines of the Asan Plenum 2023 conference, a security forum hosted by a local think tank, Yonhap news agency reported. "The two sides shar...
Top nuclear envoys of South Korea, US discuss North Korea threat in Seoul
Top nuclear envoys of South Korea, US discuss North Korea threat in Seoul
Source: IANS
1/05/2023 10:15:13 AM
NASA camera onboard South Korean orbiter captures lunar South Pole region A NASA camera onboard South Korean orbiter Danuri has sent back images of the South Pole region on the Moon. Developed by Malin Space Science Systems and Arizona State University (ASU), the NASA instrument ShadowCam is flying with five other Korean instruments aboard KARI's (Korea Aerospace Research Institute) KPLO (Korea Pathfinder Lunar Orbiter), also known as Danuri. Danuri, which was launched in August 2022, entered the lunar orbit on December 27 after 145 days of travelling fro...
NASA camera onboard South Korean orbiter captures lunar South Pole region
NASA camera onboard South Korean orbiter captures lunar South Pole region
Source: IANS
30/04/2023 10:36:32 AM
South Korean President meets MIT scholars to discuss digital, bio tech South Korean President Yoon Suk Yeol met with a group of scholars at the Massachusetts Institute of Technology (MIT) to discuss cooperation on digital and bio technologies. Yoon, who was on a state visit to the United States, met with Anantha Chandrakasan, dean of the MIT School of Engineering, Professor Robert Langer, co-founder of Moderna, and James Collins, professor of biological engineering, among others. "It's significant that I came to Boston right after my trip to Washi...
South Korean President meets MIT scholars to discuss digital, bio tech
South Korean President meets MIT scholars to discuss digital, bio tech
Source: IANS
30/04/2023 10:15:49 AM
Japan starts process to put South Korea back on export `white list` Japan began domestic procedures on Friday to return South Korea to its "white list" of trusted trading partners, in a move to improve bilateral economic relationship, Seoul's industry ministry said. Japan began canvassing public opinion on redesignating South Korea as a "Group A," or white list nation, that would give Seoul preferential export treatment, the Ministry of Trade, Industry and Energy said, citing a statement issued by the Japanese trade ministry, Yonhap...
Japan starts process to put South Korea back on export `white list`
Japan starts process to put South Korea back on export `white list`
Source: IANS
29/04/2023 12:00:48 PM
South Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power South Korea and the US have signed 23 initial agreements to boost bilateral cooperation on advanced industries and energy fields, such as batteries, robots and nuclear power generation, Seoul's industry ministry said. The memorandums of understanding (MOUs) were signed during a business partnership event in Washington, DC involving 45 senior corporate officials from the two nations on the sidelines of President Yoon Suk Yeol's state visit to the US, according to the Ministry of Tra...
South Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power
South Korea, US sign 23 MoUs on stronger ties in batteries, nuclear power
Source: IANS
26/04/2023 12:17:17 PM
Hyundai Motor`s Q1 net jumps 92% on SUVs, increased production South Korea's Hyundai Motor said on Tuesday its first-quarter net profit jumped 92 per cent from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March rose to 3.42 trillion won ($2.56 billion) from 1.78 trillion won during the same period of last year, the company said in a statement. The net result was buoyed by increased vehicle production amid improving chip supplies, robust sales of high-margin SUVs, and the won's ...
Hyundai Motor`s Q1 net jumps 92% on SUVs, increased production
Hyundai Motor`s Q1 net jumps 92% on SUVs, increased production
Source: IANS
25/04/2023 4:50:20 PM
Hyundai Motors finalises $5 billion battery JV in US, doubles Q1 profit South Korea's Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint venture in North America, as it reported first-quarter net profit had more than doubled, exceeding expectations. Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new battery manufacturing plant in the state of Georgia, the companies said, formalising an earlier provisional agreement. Hyundai reported a net profit of 3.3 trillion won ($2.47 ...
Hyundai Motors finalises $5 billion battery JV in US, doubles Q1 profit
Hyundai Motors finalises $5 billion battery JV in US, doubles Q1 profit
Source: Reuters
25/04/2023 11:26:57 AM
South Korean airlines see spike in int`l passenger numbers amid border reopenings South Korean air carriers saw the number of international passengers spike 16-fold in the first quarter from a year earlier, driven by a surge in demand amid border reopenings, government data showed Sunday. The number of passengers that used international flights operated by Korean Air Lines Co., Asiana Airlines Inc. and low-cost carriers came to 9.87 million in the January-March period, according to the data by the Ministry of Land, Infrastructure and Transport. That marks a massive i...
South Korean airlines see spike in int`l passenger numbers amid border reopenings
South Korean airlines see spike in int`l passenger numbers amid border reopenings
Source: IANS
23/04/2023 9:32:23 AM
South Korean carmakers` global market share falls to 7.3% in 2022 South Korean carmakers' global market share inched down in 2022 from a year earlier due largely to weaker sales in China and Russia, industry data showed. Local automakers accounted for 7.3 per cent of vehicle sales in the world's eight major markets last year, down from 7.7 per cent in 2021, according to the data from the Korea Automobile Manufacturers Association (KAMA). Hyundai Motor and Kia are South Korea's two biggest carmakers, with three other smaller rivals -- GM Ko...
South Korean carmakers` global market share falls to 7.3% in 2022
South Korean carmakers` global market share falls to 7.3% in 2022
Source: IANS
22/04/2023 5:47:44 PM
South Korea urges global cooperation on Pyongyang nuke issue at NATO meeting South Korea and the Indo-Pacific partners of the NATO discussed expanding cooperation to counter North Korea's escalating provocations, Seoul's Foreign Ministry said on Saturday. The NATO-Indo Pacific Partners Conference in Vilnius, Lithuania, on Thursday and Friday, brought together senior officials from NATO member states and Asia-Pacific partners, including South Korea, Japan, Australia and New Zealand, reports Yonhap News Agency. During the meeting, Park Yong-min, deputy for...
South Korea urges global cooperation on Pyongyang nuke issue at NATO meeting
South Korea urges global cooperation on Pyongyang nuke issue at NATO meeting
Source: IANS
22/04/2023 1:00:22 PM
Hyundai to develop moon-exploration mobility `Rover` Hyundai Motor said on Thursday it will develop a moon-exploration mobility "Rover" as it seeks to morph into a future mobility solutions provider. In July last year, Hyundai Motor signed a memorandum of understanding with the country's six aviation research institutes, including the Korea Aerospace Research Institute and the Korea Automotive Technology Institute, for the project, the company said in a statement. Hyundai and the institutes are aiming to collect minerals, ma...
Hyundai to develop moon-exploration mobility `Rover`
Hyundai to develop moon-exploration mobility `Rover`
Source: IANS
20/04/2023 5:02:09 PM
South Korean lunar orbiter Danuri sends back first photos of moon`s far side South Korea's unmanned space vehicle Danuri has sent photos of the moon's far side during its mission to collect selenographic data, the science ministry said on Wednesday. Danuri, which is rotating around the moon 100 kms above the surface, took pictures of the Tsiolkovskiy crater on March 22 and the Vallis Schrodinger and Szilard M craters each on March 24 with its high-definition cameras, according to the Ministry of Science and ICT and the Korea Aerospace Research Institute (KA...
South Korean lunar orbiter Danuri sends back first photos of moon`s far side
South Korean lunar orbiter Danuri sends back first photos of moon`s far side
Source: IANS
12/04/2023 2:07:18 PM
South Korea`s Job additions snap 9-month slowdown in March South Korea's job additions snapped their nine-month decline in March in the face of an economic slowdown, but most jobs were created for the over-60 age group, data revealed on Wednesday. The number of employed people came to 28.22 million last month, up around 469,000 from a year earlier, according to the data compiled by Statistics Korea. The country's monthly job additions had been slowing for nine consecutive months through February, when it added 312,000 jobs, reports Yonh...
South Korea`s Job additions snap 9-month slowdown in March
South Korea`s Job additions snap 9-month slowdown in March
Source: IANS
12/04/2023 12:49:26 PM
South Korea to offer $5.3 bn in financing to EV battery firms South Korea will extend 7 trillion won ($5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA) and to boost their competitiveness in the sector, the industry ministry said. The government will extend the financing at lower rates and insurance premiums, among other things, to support battery firms' facility investment in North America. The IRA calls for giving up to $7,500 in...
South Korea to offer $5.3 bn in financing to EV battery firms
South Korea to offer $5.3 bn in financing to EV battery firms
Source: IANS
9/04/2023 8:53:58 AM