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Hyundai Motor Group’s EV Exports to U.S. Plummet 88% Amid Weak Local Production and Sales

Hyundai Motor Group’s EV Exports to U.S. Plummet 88% Amid Weak Local Production and Sales

Photo=Hyundai Motor Group's Hyundai Motor Group’s electric vehicle (EV) exports to the United States have sharply declined, falling 88% in the first five months of 2025 compared to the same period last year. The steep drop is largely attributed to sluggish local production and disappointing sales performance. According to data from the Korea Automobile & Mobility Association (KAMA), Hyundai and

Jul 21 2025
11:00 AM PDT
KOTRA Launches AI Committee to Boost Korea’s Global AI Competitiveness

KOTRA Launches AI Committee to Boost Korea’s Global AI Competitiveness

(Photo=Kotra) KOTRA, South Korea's trade and investment promotion agency, has set up an internal AI Committee to spearhead its artificial intelligence initiatives and infrastructure as a central control tower. The move aligns with the government's goal of making Korea one of the world's top three AI powers. The committee, officially launching on July 21, will be chaired by KOTRA President

Jul 21 2025
10:00 AM PDT
HD Hyundai Expands Certification Partnership With Italy’s RINA

HD Hyundai Expands Certification Partnership With Italy’s RINA

(Photo=RINA) HD Hyundai, a South Korean industrial conglomerate specializing in shipbuilding, engines, and construction equipment, is strengthening its partnership with Italian classification society RINA to secure certifications in the shipbuilding and construction equipment sectors, paving the way for its European market push. The company recently obtained key certifications for its engine electronic control systems (ECS) and ship control systems. According

Jul 21 2025
09:00 AM PDT
Samsung Bioepis Signs Licensing Deal with U.S.-Based Harrow for Ophthalmology Biosimilars in North America

Samsung Bioepis Signs Licensing Deal with U.S.-Based Harrow for Ophthalmology Biosimilars in North America

Photo=Samsung Biopics Samsung Bioepis has signed a licensing agreement with U.S.-based ophthalmic pharmaceutical company Harrow for the commercialization rights of its biosimilar treatments for eye diseases in North America. Under the agreement, Harrow will be responsible for the sales and marketing of two ophthalmology biosimilars currently being developed by Samsung Bioepis. This marks a new partnership following the termination of

Jul 20 2025
10:00 AM PDT
58.3 Million Units Sold: Laneige Launches New ‘Sleeping Mask’ Products in Japan

58.3 Million Units Sold: Laneige Launches New ‘Sleeping Mask’ Products in Japan

Photo=Amorepacific South Korea’s household goods manufacturer Amorepacific is launching a renewed version of its global beauty brand Laneige’s Sleeping Mask in the Japanese market. The global bestseller, with over 58.3 million units sold worldwide, is now enhanced with sleep science-based technology to target Japan’s home care market. According to Amorepacific Japan on July 17, Laneige will release two updated versions

Jul 19 2025
10:00 AM PDT