Photo=Hyundai Motor Group's Hyundai Motor Group's founding chairman Chung Ju-yung, honorary chairman Chung Mong-koo, and current chairman Chung Euisun have been named recipients of the Automotive News Centennial Award, recognizing their multigenerational impact on the global auto industry. The U.S.-based automotive publication, which celebrates its 100th anniversary this year, announced the honor on August 18. Since its founding in 1925,

Photo=Motionelements South Korea’s four largest banks are accelerating efforts to issue stablecoins as the country prepares legislation to regulate the digital assets. KB Kookmin, Shinhan, Hana, and Woori Bank are all considering meetings next week with Circle President Heath Tarbert, who will visit Seoul. Circle is the U.S.-based company behind the dollar-pegged stablecoin USD Coin (USDC). The banks confirmed they

(Photo=Hanwha Aerospace) The state government of Victoria, Australia, is funding local defense companies to join the supply chain of Hanwha Aerospace, a leading South Korean defense and aerospace company, aiming to boost regional industry involvement in the production of self-propelled howitzers and Redback armored vehicles. Hanwha Aerospace, a major South Korean defense manufacturer, is expanding its footprint in Australia with

(Photo=Lotte Mart) Lotte Mart, a leading South Korean hypermarket chain, has been recognized as one of Vietnam’s Top 10 Most Reputable Brands for the seventh consecutive year, reaffirming its strong local presence and commitment to sustainable business practices. South Korea's retail giant Lotte Mart has once again secured a spot on Vietnam's "Top 10 Famous Brands of 2025," according to

Photo=Asiana Airlines Asiana Airlines, one of South Korea’s major carriers, reported a notable rebound in the second quarter, posting an operating profit of approximately $24 million. This marks a sharp turnaround from the $22 million operating loss in the same period last year, signaling improved operational efficiency and market positioning. The company’s revenue for the quarter stood at about $1.2