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United Kingdom

Heekyong Yang

S. Korea restarts three naphtha crackers, lifting Asian demand

23 Dec 2020

SEOUL/SINGAPORE (Reuters) -Three naphtha crackers in South Korea, one of Asia's largest petrochemical centres, are to resume operations in December and January after months of maintenance and outages, company officials said on Tuesday.

South Korea reports record 950 cases in COVID-19 'emergency'

12 Dec 2020

SEOUL South Korea reported a record 950 daily coronavirus cases on Saturday, exceeding the late February peak of 909, with the president calling the country's third wave of COVID-19 an "emergency". | Video

Hyundai Motor to buy controlling stake in U.S. robot firm from SoftBank

11 Dec 2020

SEOUL Hyundai Motor Group and its chairman have agreed to buy a controlling stake in Boston Dynamics from SoftBank Group Corp in a deal that values the U.S.-based robot maker at $1.1 billion. | Video

U.S. ITC delays decision on LG Chem, SK Innovation trade secret case

09 Dec 2020

WASHINGTON/SEOUL The United States International Trade Commission (ITC) on Wednesday delayed a decision in a trade secrets case involving South Korean battery makers LG Chem and SK Innovation to Feb. 10.

Hyundai Motor to launch dedicated EV platform in major push into electric cars

02 Dec 2020

SEOUL South Korea's Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs. | Video

Korean Air sees pressure on cargo business in 2021, seeks cost cuts after Asiana buy

02 Dec 2020

SEOUL, Dec 2 Korean Air Lines Co Ltd said on Wednesday it expects its cargo business to face tougher competition next year as rivals expand in this area to offset a slump in passenger travel globally because of the pandemic.

GM sent back to drawing board after most South Korea union members reject labour deal

01 Dec 2020

SEOUL General Motors Co, which has long struggled with labour relations in South Korea, will have to renegotiate a preliminary labour deal after a majority of union members voted against it.

Samsung may discontinue high-end Galaxy Note smartphones - sources

01 Dec 2020

SEOUL Samsung Electronics Co Ltd may discontinue its premium Galaxy Note phone next year, sources with knowledge of the matter said, a move that would reflect the sharp drop in demand for high-end smartphones due to the coronavirus pandemic.

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