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Hyundai Strikes Tentative Labor Deal With Union, Ending Rare Strike in South Korea

Hyundai Strikes Tentative Labor Deal With Union, Ending Rare Strike in South Korea

(Photo=Hyundai Motor Group) Hyundai Motor, South Korea’s largest automaker and a major global EV manufacturer, has reached a tentative agreement with its union that could bring an end to its first strike in seven years. The deal follows nearly three months of tense negotiations and comes at a time when the company faces growing challenges abroad, including rising U.S. tariffs

Sep 11 2025
10:00 AM PDT
Coupang Joins South Korea’s National AI Push to Transform Logistics

Coupang Joins South Korea’s National AI Push to Transform Logistics

(Photo=Coupang) Coupang, South Korea’s largest e-commerce player, is stepping into the country’s new national artificial intelligence initiative aimed at reshaping manufacturing and logistics. The program, called the “Manufacturing AI Transformation (AX) Alliance,” was officially launched on September 10 at the Westin Josun Hotel in Seoul under the direction of the Ministry of Trade, Industry and Energy. The alliance brings together

Sep 11 2025
09:00 AM PDT
HYBE’s Bang Si-hyuk, the Mogul Behind BTS, Faces Police Questioning Over Alleged IPO Fraud

HYBE’s Bang Si-hyuk, the Mogul Behind BTS, Faces Police Questioning Over Alleged IPO Fraud

Photo=Bang Si-hyuk instagram Bang Si-hyuk, the billionaire music producer who built BTS into a global pop juggernaut, is set to be questioned by South Korean police this month over allegations of fraudulent stock dealings tied to HYBE’s blockbuster IPO. Police officials confirmed that Bang will appear before investigators at Seoul’s Financial Crimes Investigation Unit on September 15. He is expected

Sep 10 2025
12:00 PM PDT
South Korea’s Once-Promising E-commerce Star WeMakePrice Faces Collapse After Court Ends Rescue Efforts

South Korea’s Once-Promising E-commerce Star WeMakePrice Faces Collapse After Court Ends Rescue Efforts

Photo=WeMakePrice WeMakePrice, an early pioneer of South Korea’s booming e-commerce sector, is now on the verge of bankruptcy after a Seoul court terminated its corporate rehabilitation process—a dramatic downfall for a company that once helped shape the way Koreans shop online. On September 9, Judge Jeong Jun-young of the Seoul Bankruptcy Court ruled to end the company’s rehabilitation, a restructuring

Sep 10 2025
11:00 AM PDT
Hyundai Debuts ‘Concept THREE,’ a Compact EV Targeting Europe’s Small-Car Market

Hyundai Debuts ‘Concept THREE,’ a Compact EV Targeting Europe’s Small-Car Market

(Photo=Hyundai Motor) Hyundai Motor, South Korea's largest automaker and a growing global EV player, has unveiled its first compact electric vehicle concept, dubbed "Concept THREE," at the IAA Mobility 2025 show in Munich, Germany. IAA Mobility, Europe's largest mobility trade show, marked Hyundai's return to the event after a four-year absence.  The company installed a 6,243-square-foot open-air booth on Munich's

Sep 10 2025
10:00 AM PDT