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Hyundai Glovis Bets on Giant Car Carriers as Global Auto Shipping Shortage Creates New Opportunities

Hyundai Glovis Bets on Giant Car Carriers as Global Auto Shipping Shortage Creates New Opportunities

(Photo=Hyundai Glovis) A shortage of ships capable of transporting automobiles is creating new opportunities in the global auto industry. Hyundai Glovis, a South Korean logistics company that handles vehicle shipments for Hyundai Motor and Kia, two major South Korean automakers selling cars and SUVs in the United States, is expanding its fleet with one of the world's largest car carriers.

Oct 15 2026
10:00 AM PST
South Korea Tried to Control Home Prices. Seoul Apartments Now Cost $1.2 Million

South Korea Tried to Control Home Prices. Seoul Apartments Now Cost $1.2 Million

(Photo=Pixabay) South Korea imposed sweeping restrictions on property purchases to curb speculation and make housing more affordable. A year later, the average apartment in Seoul costs $1.2 million, nearly $100,000 more than before the crackdown. Rents have also surged, leaving the government struggling to contain a housing market it sought to control. The stakes are particularly high in South Korea,

Oct 15 2026
09:00 AM PST
AI Hacking Attacks Expose a Bigger Weakness in South Korea’s Banking System

AI Hacking Attacks Expose a Bigger Weakness in South Korea’s Banking System

(Photo=MotionElements) Artificial intelligence is making it easier for hackers to search for weaknesses in financial networks. But a series of cyberattacks in South Korea has exposed a more fundamental problem. Many financial institutions are struggling to maintain basic security protections, leaving customer information vulnerable as cyber threats become more sophisticated. South Korea's Financial Services Commission, the country's financial regulator, said

Oct 15 2026
08:00 AM PST
LG Electronics and Apple Team Up on AI Smart-Home Devices as Competition Intensifies

LG Electronics and Apple Team Up on AI Smart-Home Devices as Competition Intensifies

Photo=LG Electronics The smart-home industry is entering a new phase of competition as technology companies move beyond standalone security cameras and connected appliances to build integrated systems that automate everyday household tasks. LG Electronics and Apple are joining forces on a new lineup of AI-powered devices, a move that could intensify pressure on Amazon’s Ring and Google’s Nest while opening

Oct 14 2026
02:00 PM PST
Hyundai Motor Group Pledges $15.5 Billion for India Expansion Through 2032

Hyundai Motor Group Pledges $15.5 Billion for India Expansion Through 2032

India’s expanding auto market is becoming an increasingly important battleground for global automakers seeking growth beyond China, and Hyundai Motor Group plans to invest $15.5 billion through 2032 to strengthen its position in the country. The commitment highlights a broader shift in the automotive industry toward local manufacturing, resilient supply chains and emerging-market demand, offering U.S. automakers and investors a

Oct 14 2026
01:00 PM PST