Chung Euisun puts physical AI at heart of Hyundai’s future

Hyundai Motor Group Executive Chair Chung Euisun said Monday that the automaker must place artificial intelligence at the core of its strategy to secure its future, betting on physical AI as a key strength amid a rapidly changing business environment. “Looking at the automotive market alone, we’ve entered an era where AI capabilities determine core competitiveness of products like autonomous driving, software-based vehicle control and personalized UX,” Chung said in a pre-recorded New Year’s rou

Jan. 5, 2026

LG Energy Solution bets on ESS as global demand surges

LG Energy Solution CEO Kim Dong-myung said demand for energy storage systems iswas growing faster than ever, urging the company to expand production capacity and sharpen cost competitiveness as it marked its fifth anniversary in December. In a New Year’s message on Monday, Kim said LG Energy Solution had spent the past five years rebalancing its business portfolio and stabilizing its profit structure, citing steady progress in securing orders in both energy storage systems and electric vehicles.

Jan. 5, 2026

Korea brings AI into the physical world at CES 2026

South Korea’s industrial heavyweights are arriving at CES 2026 with a shared message: artificial intelligence is moving beyond software and screens, and into the physical world. Hyundai Motor Group, LG Electronics and Doosan are set to showcase their latest AI robotics technologies at this year’s CES in Las Vegas, highlighting what they describe as the next stage of AI: systems that can perceive real-world conditions and carry out physical tasks. At the center of their showcases is physical AI,

Jan. 5, 2026

What Georgia raid changed for journalists heading to CES

It was a freezing morning when I lined up outside the US Embassy in Seoul on Nov. 17. Despite having a visa agency staffer hold a place for me, I waited more than 30 minutes just to enter the building, followed by another hour and a half for my interview — all to apply for an I-visa ahead of the upcoming Consumer Electronics Show in Las Vegas. This marked the first time Korean reporters were required to obtain an I-visa. In previous years, journalists had traveled under the Electronic System for

Dec. 30, 2025

Tesla surge lifts imported cars to record 20% market share in Korea

Imported vehicles are set to capture a record 20 percent of Korea’s auto market this year, led by surging Tesla sales and strong demand for premium brands. According to the Korea Automobile Importers & Distributors Association on Monday, newly registered imported vehicles surged 16 percent year on year to 278,769 units from January to November. Registrations of domestically produced vehicles rose only 3 percent to 1.1 million units. Given that monthly registrations typically range between 20,000

Dec. 29, 2025

LG ends W3.9tr battery deal with FBPS

LG Energy Solution has ended its 3.9 trillion won ($2.7 billion) electric vehicle battery deal with the Michigan-based Freudenberg Battery Power System amid a pullback in US electrification initiatives and weakening EV demand. The company said in a regulatory filing Friday that the cancellation of the EV battery module supply agreement follows FBPS’s decision to withdraw from its battery business. The termination value excludes the supply volume already made under the original 4.04 trillion won

Dec. 28, 2025

LG Energy Solution to sell W4.2tr Ohio battery JV building to Honda

LG Energy Solution said Wednesday it will sell the building of its Ohio electric vehicle battery joint venture plant to its partner Honda for 4.2 trillion won ($2.9 billion), seeking to reduce capital burdens amid a global slowdown in EV demand. According to LG Energy Solution’s regulatory filings, the battery maker will dispose of the building and all building-related facilities of the joint venture L-H Battery Company — excluding the land and equipment — to Honda’s US unit. The final selling p

Dec. 25, 2025

Hyundai chief vows full support for 42dot’s self-driving tech

Hyundai Motor Group Executive Chair Chung Euisun visited the company’s autonomous driving subsidiary 42dot on Wednesday, a move seen as reaffirming the commitment to the advanced technology amid a leadership vacuum. According to industry sources, Chung test-rode an autonomous Ioniq 6 in the Pangyo area, where 42dot’s headquarters is located. The vehicle featured the unit’s end-to-end autonomous driving system that uses a single AI model to translate raw sensor data directly into driving actions

Dec. 25, 2025

Hyundai Motor names first female president

Hyundai Motor Group said Wednesday it has promoted Jin Eun-sook, executive vice president of its ICT division, to president, making her the first woman to be appointed to the group’s top executive ranks. Since joining the group in 2022, Jin has led major IT initiatives, including consolidating multiple regional applications into a single global platform and implementing a next-generation enterprise resource planning system to integrate data and improve operational efficiency across the group. Ji

Dec. 24, 2025

Posco Future M, China's CNGR to build LFP cathode plant in Pohang

Posco Future M said Wednesday it would set up a joint venture with China’s CNGR to develop cost-competitive cathode materials, targeting the rapidly expanding energy storage system battery market. Under the agreement, Posco Future M will jointly develop lithium iron phosphate cathode materials through C&P Advanced Technology, its joint venture with CNGR and CNGR’s Korean subsidiary Fino. The signing ceremony, held at Fino’s headquarters in Anyang, Gyeonggi Province, on Tuesday, was attended by Y

Dec. 24, 2025

Samsung SDI, KGM team up on next-gen EV batteries

Samsung SDI and KGM have agreed to jointly develop advanced cylindrical electric vehicle battery pack technology, marking their first strategic partnership on next-generation batteries. Under the agreement, the two companies will co-develop battery pack systems based on Samsung SDI’s 46-millimeter cylindrical cells and expand technological cooperation for future battery innovations. The battery packs are expected to be installed in KGM’s upcoming EV models, including large SUVs. The companies wi

Dec. 23, 2025

Hyundai Motor Group dominates IIHS safety ratings

Hyundai Motor Group said Tuesday that it secured the most accolades in the latest US vehicle safety evaluations for the second year in a row, reinforcing its standing as a global leader in automotive safety. The South Korean automotive giant said 21 models across its Hyundai, Kia and Genesis brands earned awards from the Insurance Institute for Highway Safety. Of those, 18 models received the institute’s highest honor, the Top Safety Pick Plus (TSP+), while three models earned the next Top Safet

Dec. 23, 2025

Hyundai Motor Group refreshes top leadership

Hyundai Motor Group promoted four executives to president Thursday, as South Korea’s biggest carmaker speeds up its transition to software-defined vehicles and secure future technologies amid global uncertainty. In a year-end reshuffle, Hyundai Motor’s Manfred Harrer and Jung Jun-cheul, Kia’s Yoon Seung-kyu and Hyundai Steel’s Lee Bo-ryong were promoted to president, the group said. This year’s executive appointments highlight Hyundai’s growing reliance on international talent and performance-ba

Dec. 18, 2025

LG Innotek pushes under-display cameras into autos

As new safety rules push driver monitoring from a premium feature to a regulatory requirement, LG Innotek has detailed specifications for an under-display camera designed to make in-cabin monitoring both invisible and reliable. LG Innotek said Thursday that it has developed a next-generation under-display camera module for driver monitoring systems, or DMS, and will present the product at CES 2026 in Las Vegas in January. While the technology was briefly previewed earlier this month as part of t

Dec. 18, 2025

Fescaro makes strong Kosdaq debut, eyes global auto cybersecurity

South Korean mobility software solutions provider Fescaro has made a successful debut on the Kosdaq market through the technology special listing track, accelerating its expansion in the global automotive cybersecurity market. The company’s shares surged more than 70 percent on Dec. 10, their first day of trading. Fescaro closed at 27,100 won ($18), up 74.84 percent from its initial public offering price of 15,500 won. Founded in 2016, Fescaro is led by a team of experts in automotive electrical

Dec. 17, 2025