진행자: 간형우, Chelsea Proctor Soccer legends impress fans at 2024 Nexon Icons Match 기사 요약: 400만 명 이상이 온라인과 현장에서 지켜본 넥슨의 ‘아이콘 매치’ [1] More than 4 million fans gathered to watch a match featuring legendary soccer players hosted by Nexon, the game developer that published the FIFA Online series, the firm said Friday. gather: 모이다 legendary: 전설적인 [2] For the Nexon Icons Match event, held at Seoul World Cup Stadium from Oct. 19-20, players were split into two teams -- former forwards played

Podcast Oct. 31, 2024

Nexon has laid out a future roadmap to strengthen its existing gaming intellectual properties and develop new IPs to target the global market. “In this way, we will further advance Nexon's strong capabilities based on our experience and focus on providing innovative gaming services to users,” said Kang Dae-hyun, co-CEO of Nexon Korea, in a press conference at the company’s headquarters in Pangyo, Gyeonggi Province, on Wednesday. Nexon Korea is wholly owned by Tokyo-listed

Companies Oct. 30, 2024

Hanon Systems, a Korean automotive thermal management supplier, announced plans to build a new manufacturing plant for electric compressors in Ontario, Canada, on Tuesday to cope with growing demand from global automakers. The new plant will mark the company’s first North American facility to produce electric scroll compressors, which are essential components for thermal management in hybrid and battery electric vehicles. Hanon Systems will invest $111 million in the new plant to produce u

Companies Oct. 29, 2024

LG Energy Solution will tighten its belt next year to cope with uncertain market conditions due to the slowing growth of the electric vehicle sector, the Korean battery maker said Monday as it announced its third-quarter earnings. The company posted 6.88 trillion won ($4.97 billion) in sales in the third quarter of this year, down 16.4 percent on year. Its operating profit was 448.3 billion won, down 38.7 percent on year. The company would have logged a quarterly operating loss of 17.7 billion

Companies Oct. 28, 2024

Hanwha Ocean and HD Hyundai Heavy Industries -- Korea’s two leading shipbuilders under conglomerates Hanwha Group and HD Hyundai, respectively -- are ramping up their efforts to win a $2.7 billion submarine procurement contract from Poland. According to HD Hyundai, Tomasz Szubrycht, commandant of the Polish Naval Academy, visited HD Hyundai Heavy Industries’ Ulsan shipyard on Thursday to assess the shipbuilder’s latest submarines and related technologies. HD Hyundai presented a

Companies Oct. 27, 2024

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won. The automaker explained in a conference call that a proactive warranty extension for the North American Grand Santa Fe, a sport utility vehicle, caused a provision of about 320 billion won and affected the lower-than-expected operating profit for the July to Sept. period. Despite the dip

Companies Oct. 24, 2024

ULSAN -- The construction site of S-Oil’s Shaheen project at its Onsan plant in Ulsan showed little to no activity Tuesday afternoon. Although the day’s workflow had seemingly stopped due to heavy downpours in the morning, the officials from S-Oil and Hyundai Engineering & Construction said the building process of the Shaheen project had already reached 40 percent completion. “Four major construction firms -- Hyundai E&C, Hyundai Engineering, Lotte E&C and DL E&

Companies Oct. 23, 2024

Doosan Group announced Monday a revised business realignment plan to go ahead with its earlier bid to incorporate Doosan Bobcat into Doosan Robotics as a subsidiary as the conglomerate looks to create better synergy between its affiliates to expand businesses. The two boards of Doosan Enerbility, the parent company of Doosan Bobcat with a 46 percent stake in Doosan Bobcat, and Doosan Robotics approved the plan to spin off a new company that will own Doosan Bobcat’s shares from Doosan Enerb

Companies Oct. 21, 2024

KG Mobility, a South Korean sport utility vehicle maker, has teamed up with China’s Chery Automobile to co-develop a range of vehicles including plug-in hybrid cars to expand its global presence. According to a KG Mobility regulatory filing on Monday, the auto brand signed a platform technical license agreement with Chery Automobile on Friday to collaborate in areas as such the design and development of vehicles as well as car manufacturing and distribution. The deal includes sharing the i

Mobility Oct. 21, 2024

Hyundai Motor Group and Toyota -- the world’s third and first top-selling auto giants, respectively -- have teamed up to advance the development of artificial intelligence and robotics. According to Hyundai-backed Boston Dynamics and Toyota Research Institute on Wednesday, the two sides decided to join forces to accelerate the development of general-purpose humanoid robots using the former’s two-legged Atlas robot and the latter’s large behavior models, or LBMs. “There ha

Mobility Oct. 18, 2024

Amazon’s decision to invest in clean energy projects to meet the increasing energy demands of artificial intelligence has raised expectations for South Korean companies in the nuclear power sector. Amazon announced Thursday that it signed three new agreements to support the development of nuclear energy projects, including the construction of several new small modular reactors, or SMRs. Amazon joined a recent series of nuclear energy pledges by big tech companies such as Google and Microso

Industry Oct. 17, 2024

Korea’s two leading auto brands -- Hyundai Motor Company and Kia -- announced Wednesday that they developed the world’s first automatic press die system for all designs. Press dies are used to form a vehicle’s body parts such as the trunk, hood and fender. Depending on the part’s design, automakers usually conduct the press dying process three to five times to manufacture a part while press die designers line up numerous requirements for the production of each part. Accor

Mobility Oct. 16, 2024

Hanwha Group, South Korea’s defense-to-energy conglomerate, is looking to expand its shipbuilding and maritime businesses in the United States as it appears to be contemplating a second American shipyard acquisition. Mike Smith, who was appointed as the CEO of Hanwha Defense USA in August, a US subsidiary of Hanwha Aerospace, said in Washington last week that Hanwha is “not done” when asked whether Hanwha’s purchase of Philly Shipyard was a one-time deal. Hanwha Group ann

Companies Oct. 15, 2024

Hanwha Aerospace is gearing up to showcase its latest land weapons systems at the US Army’s Annual Meeting & Exposition, known as AUSA, in Washington, as the Korean defense firm looks to score exports to the North American defense sector, the company said Friday. Hanwha Aerospace plans to display its wheeled self-propelled howitzer, uncrewed transport robotic vehicle and modular charge system at the upcoming arms trade show slated to take place from Monday to Wednesday. In particular,

Companies Oct. 11, 2024

Author Han Kang became the second South Korean to win a Nobel Prize on Thursday, as she was recognized with the laureate honor in literature by the Swedish Academy. Preceding Han was Kim Dae-jung, the late South Korean president who won the Nobel Peace Prize in 2000 to honor his efforts to revive democracy in South Korea and improve relations with North Korea. The Nobel Prize committee said the award motivation was “for his work for democracy and human rights in South Korea and in East Asi

Politics Oct. 10, 2024