Police are investigating whether Hanjin Group’s holding company, Hanjin KAL, transferred treasury shares worth approximately KRW 66.3 billion to an employee welfare fund to protect Chairman Cho Won-tae’s control of the company rather than primarily to benefit employees.The investigation centers on the transfer of treasury shares to an in-house employee welfare fund, which enabled the shares to carry voting rights. Investigators are examining whether the decision was a legitimate employee welfare

Hyundai Engineering & Construction is stepping deeper into Europe’s nuclear power market by taking part in the front-end engineering design phase of a planned nuclear project in the Netherlands.Hyundai E&C said Thursday that it has signed a contract with Westinghouse to participate in the first phase of the front-end engineering design, or FEED 1, for the Dutch government’s planned construction of two large-scale nuclear reactors.The project is being developed under the Netherlands’ renewed push

Hyundai Motor and Kia are broadening their approach to electrification, presenting a strategy that combines electric vehicles (EVs), hybrids (HEVs), extended-range electric vehicles (EREVs) and fuel-cell electric vehicles (FCEVs), rather than relying on a single powertrain technology.The automakers showcased their future mobility vision and key technologies at the Aachen Automotive Colloquium 2026, held in Aachen, Germany, from Oct. 5 to 7.A key highlight was the companies’ first keynote address

Samsung SDS is accelerating its enterprise artificial intelligence transformation (AX) business by combining partnerships with global AI companies with its own cloud infrastructure and AI platforms. The company is also extending its AI capabilities beyond the private sector into public and defense p

Hyundai Engineering & Construction is expanding its role in overseas real estate development by investing in a large-scale residential project in Sydney, Australia.Hyundai E&C announced on Sept. 22 that it had signed an investment agreement with the Korea Overseas Infrastructure & Urban Development

Samsung C&T is expanding its small modular reactor (SMR) business beyond conventional light-water reactor technology through a strategic partnership with U.S. advanced nuclear developer Kairos Power.Samsung C&T’s construction division said on Sept. 22 that it will sign a strategic agreement with Kai

LG Electronics is stepping up its push into the rapidly expanding AI data center market with a new large-capacity cooling system designed to address the rising power and thermal demands of AI infrastructure.The company said September 20 that it has launched a new air-cooled, oil-free inverter turbo

Hyundai Engineering & Construction has begun construction of a high-performance artificial intelligence data center in Pohang, South Korea, as demand for infrastructure capable of handling increasingly intensive AI workloads continues to grow.Hyundai E&C said on September 21 that it had finalized th

A growing number of Mercedes-Benz owners in South Korea are voicing frustration over certain functions in the automaker’s latest models, saying features designed around safety and security are proving inconvenient in the country’s unique parking environment.Among the most frequently cited complaints

Ssangyong Engineering & Construction has secured a $2.15 billion contract to build a major hospital in Singapore, marking the largest single project award in the company's history.The Korean construction company said on Sept. 17 that it had been selected as the sole contractor for the Tengah Gen

Korea Expressway Corp. is stepping up efforts to expand its overseas road infrastructure business by strengthening cooperation with transport authorities in Bangladesh and Türkiye.The state-run road operator said Wednesday that it held a series of high-level meetings with officials from both countri

LS Cable & System and LS Marine Solution are showcasing technologies spanning next-generation power grids and resource recycling at a climate industry exhibition in Busan, as the expansion of renewable energy increases demand for more efficient and sustainable transmission infrastructure.The two com

Hyundai Motor Group is stepping up its autonomous driving development by putting a data-driven development cycle into full operation and integrating real-world driving data into the continuous improvement of its AI systems.The group held its Autonomous Driving Media Day at 42dot’s headquarters in Se

Genesis showcased the Magma GT Concept and X Skorpio Concept on public roads for the first time at the Tutto Bene Hillclimb in Italy, demonstrating how the luxury brand is expanding its performance ambitions across markedly different driving environments.The event was held on Sept. 9 near Mount Mott

KT is strengthening its supply chain for key media device chipsets while expanding technology cooperation in artificial intelligence, as semiconductor supply stability becomes increasingly important to media service operators.KT said on Sept. 13 that it signed a memorandum of understanding with glob

Samsung E&A has secured a $3.5 billion fertilizer plant project in Saudi Arabia, reinforcing its position as a major player in the Middle East’s chemical engineering and construction market.Samsung E&A said on Sept. 11 that it had signed an EPC (engineering, procurement and construction) contract wi

Korea Hydro & Nuclear Power (KHNP) has signed a letter of intent (LOI) with French nuclear company Orano to pursue long-term cooperation in uranium enrichment, as the Korean utility seeks to diversify its nuclear fuel supply chain and strengthen access to Western suppliers.KHNP said on Sept. 9 that

Samsung C&T has been selected as a strategic partner for a 1.2GW small modular reactor project in Sweden, marking a significant step in the company's push to expand its nuclear power business across Europe.Samsung C&T said on Sept. 3 that it signed a joint development agreement (JDA) in Stockhol

The South Korean steelmaker has signed a HyREX Collaboration Agreement with Australian mining giant BHP, bringing one of the world’s major iron ore suppliers directly into the process of validating its next-generation steelmaking technology.Under the agreement signed in Pohang on Sept. 3, POSCO will

For decades, automotive design was largely judged by what drivers could immediately see and touch: the exterior silhouette, the cabin, materials and controls.Hyundai Motor Group’s latest showing at the 2026 International Design Excellence Awards (IDEA) suggests that definition is becoming increasing