Hyundai Rotem is on a winning streak in the rail business this year, with contract wins already surpassing 3 trillion won. Most recently, the company secured a 425 billion won turnkey deal to supply E&M systems—including trains, communications, and fare collection—for the Taichung Blue Line in Taiwan. They’re part of a consortium with Alstom from France and ST Engineering from Singapore. This fo..

KOLMAR Korea announced on the 9th that its consolidated operating profit for the first quarter came in at 55.9 billion won, up 84.8% from the same period last year. Revenue rose 13.6% year-over-year to 653 billion won. Net profit for the quarter jumped 92% to 23.2 billion won. A company spokesperson said the strong performance was driven by robust sun care exports and higher makeup sales. The U...

HL Mando reported record-breaking annual revenue of KRW 8.84 trillion last year, fueled by strong sales growth in North America and the domestic market. The company has set its 2024 revenue target at KRW 9 trillion. According to its earnings release on the 6th, HL Mando recorded a 5.4% year-on-year increase in revenue and a 29% rise in operating profit, reaching KRW 3.6 trillion. Net profit stoo..

Samsung Life Insurance has applied to the Financial Services Commission (FSC) for approval to incorporate Samsung Fire & Marine Insurance as its subsidiary. A decision on the approval is expected as early as next month. According to financial experts, the impact of this acquisition will likely become evident only after 2028, once Samsung Fire & Marine completes its planned sale of treasury share..

Kia Unveils the EV4, Its Fourth Dedicated EV in the Korean Market, Featuring an Innovative Silhouette That Breaks Away from the SUV-Dominated Electric Vehicle Segment. The front of the EV4 showcases a bold "Tiger Face" design, where vertically aligned headlamps harmonize with Kia’s signature Starmap lighting. The lower bumper, adorned with geometric patterns, adds a sleek and dynamic touch. From..

Indian defense news outlets Defense Watch and NDTV reported on the 11th (local time) that BEML Ltd., a public sector enterprise under India’s Ministry of Defense, has signed a strategic partnership with South Korea’s STX Engine for the joint development of engines for tanks and naval vessels. According to the report, the two companies exchanged a Memorandum of Understanding (MOU) at Aero India 2..