Hyundai to establish hydrogen mobility infrastructure in Singapore

SEOUL -- Hyundai auto group, the world's third-largest carmaker, has partnered with Singaporean logistics company PTCL to establish hydrogen mobility infrastructure in Singapore. The island country aims to increase the proportion of low-carbon energy such as hydrogen to half of its electricity production by 2050. According to data released by Singapore-based think tank Asia Natural Gas and Energy Association, the Southeast Asian country currently relies on natural gas for 96 per

November 22, 2023

Korean Air partners with logistics company LX Pantos for bio-aviation fuel business

SEOUL -- Korean Air, South Korea's flag carrier, will work with domestic logistics company LX Pantos to beef up its bio-aviation fuel business. LX Pantos will buy biofuel for the flag carrier's cargo operation, and Korean Air will disclose how the partner company's purchase has contributed to reducing its carbon emissions. Biofuel is created using plant-derived or animal-derived oils, such as cooking oil from fast-food restaurants or palm oil. Biodiesel, a highly acknowl

November 20, 2023

Exports of S. Korean instant noodles Ramyeon surpass $785 mln in 2023

SEOUL -- Exports of South Korean instant noodles known as Ramyeon soared 24.7 percent year-on-year to a record high of $785.2 million (1.1 trillion won) between January and October in 2023, state data showed. This year marks the 60th anniversary of the release of South Korea's first instant noodles in 1963. According to data released by the Korea Customs Service, exports of Ramyeon packs totaled $785.2 million during the first ten months of this year. The largest importer was Ch

November 20, 2023

Hyundai partners with Amazon to sell cars through world's largest ecommerce platform

SEOUL -- Hyundai auto group, the world's third-largest carmaker, has partnered with Amazon, the world's top ecommerce service operator, to become the first brand to sell vehicles in Amazon's online store for customers living in the United States. In the third quarter of 2023, Hyundai sold 200,534 units in the U.S. market, up nine percent compared to the same period in 2022. The carmaker also set new Q3 total and retail sales records for IONIQ 5, an electric sport utility

November 17, 2023

Pulmuone expands noodles plant in California targeting Asian noodle lovers

SEOUL -- Seoul-based food company Pulmuone has expanded its fresh noodle production plant in the western region of California to meet growing demands for Asian noodles in the United States. Targeting American consumers, the South Korean company has showcased various refrigerated noodle products, including ramen with pork and broth, and Japchae, a Korean stir-fried noodle dish with beef and various vegetables. Data released by market research firm Research and Markets showed that t

November 15, 2023

Hanwha Ocean wins $502.2 mln smart ammonia carrier contract from Greek shipping firm

SEOUL -- Hanwha Ocean, a major South Korean shipbuilder formerly known as Daewoo Shipbuilding & Marine Engineering, has grabbed a smart ammonia carrier contract worth $502 million from Naftomar Shipping and Trading, a Greece-based maritime logistics company that specializes in the transport of liquefied petroleum gas and ammonia across the globe. Naftomar Shipping and Trading focuses on strengthening its foothold in the energy transition and zero-carbon energy businesses in the

November 15, 2023

Kakao to introduce new business plans with lower royalty fees for affiliated taxi companies

SEOUL -- Kakao Mobility, the mobility service wing of South Korea's web service giant Kakao, will introduce a new service plan for affiliated taxi business operators and individual taxi drivers that would offer a lowered royalty fee of less than three percent. The current plan demands a royalty fee of about 20 percent from affiliated taxi companies and drivers. Kakao Taxi was first introduced to South Korea in 2015. The service is now integrated into Kakao T, Kakao Mobility'

November 14, 2023

Hyundai shares future vision of software-defined vehicle-centered driving experience

SEOUL -- Hyundai auto group has shared the carmaker's vision that is centered on the driving experience of software-defined vehicles. The auto group revealed a roadmap in 2022 to reveal its plan to transform all vehicles to vehicles that can be continuously upgraded and have new features added through the development of software. A software-defined vehicle (SDV) is a future-generation car that constantly evolves to remain up to date. New vehicle functions can be added or existin

November 14, 2023

Southern resort island to export tangerines to New Zealand for first time

SEOUL -- The southern resort island of Jeju will export "Gyul," tangerines which are well-known winter season specialty products of Jeju, to New Zealand for the first time since South Korea and New Zealand engaged in trade negotiations of tangerines in 1999. Gyul was farmed in Jeju since the fifth century and the citrus fruit was highly regarded as a luxury product by royal families and nobles throughout the history of Korea. Tangerines are now South Koreans' favorite

November 13, 2023

Kakao Mobility to discuss lowering service royalty fee with taxi industry officials

SEOUL -- Kakao Mobility, the mobility service wing of South Korea's web service giant Kakao, will engage in talks with taxi officials to discuss possible changes that could be made to the existing service brokerage fee of "Kakao Taxi," the country's favorite smartphone taxi-hailing service. Kakao Taxi was first introduced to South Korea in 2015. The service is now integrated into Kakao T, Kakao Mobility's one-stop mobility service app with some 12 million month

November 13, 2023