Hyundai Mobis to test self-driving car in U.S.
Hyundai Mobis will soon start testing Level 3 and 4 functions of its autonomous-car components and software on the roads of a test track in Michigan. It plans to extend tests to Korea and Ge...
Tellers’ breaks cause heartburn
Korean banks often see midday rushes of harried office workers who can’t spare any other time, so a proposal from a major banking union to close branches for lunch is drawing bitter complain...
Posco CEO announces his resignation
Kwon Oh-joon, the CEO of Korea’s largest steelmaker Posco, said he will resign at a hastily called board meeting at the company’s headquarters in southern Seoul on Wednesday. “I think it...
Samsung sticks with QLED for big new TVs
Samsung Electronics is doubling down on its TV strategy despite tough competition from rivals’ more popular OLED screens. “We will maintain a two-track strategy with QLED TVs and [forthcomin...
Gov’t ducks blame for job market
Finance Minister Kim Dong-yeon claimed that Korea’s tough job market has nothing to do with the recent minimum wage hike, instead blaming it on unusually high employment last year and corpor...
[ANALYSIS] Exit would hurt hundreds of dealers, suppliers
GM Korea’s sales hit rock bottom in March. The automaker sold only 6,272 cars last month, a drop of 57.6 percent from last year, according to the latest figures released Friday. It was th...
Hyundai Motor fosters education for the future
The Hyundai Motor Chung Mong-koo Foundation has significantly enhanced creativity in elementary schools to foster an imaginative and inventive generation ready for the upcoming fourth indust...
In Korea, beauty is in the eye of the recruiter
Last month, 25-year-old college graduate Sohn Min-young shelled out 200,000 won ($188) on clothes, makeup and a trip to the hairdresser. Sohn wasn’t getting ready for a special occasion - sh...