Recent News
Beginning of petrochemical project by Hyundai E&C
Thursday, March 23, 2023
Hyundai Engineering & Construction and Hyundai Engineering have formally launched a project to construct the most extensive petrochemical facilities to date in Ulsan, South Korea, known […]
SK E&S presents hydrogen-powered drone at CES
Thursday, February 23, 2023
SK Group’s natural gas division, SK E&S presented sustainable energy solutions at CES, which took place in January. At the US tech show in Las Vegas, […]
Rising car sales figures in December 2022
Thursday, January 19, 2023
Despite the ongoing semiconductor scarcity, import vehicle sales in South Korea increased last month by 24 percent compared to the same month last year. According to […]
Hydrolux develops new storage method for hydrogen
Thursday, January 12, 2023
The South Korean company Hydrolux recently unveiled the development of a new storage method for hydrogen with high safety and efficiency. The so-called Hydrolux alloy is […]
Korean Authorities Closed During New Year
Thursday, December 22, 2022
Several Korean authorities and certification institutions will be closed for Christmas and New Year Holidays. The holidays will be on December 25, 2022 and on January 01, 2023 respectively. This […]
New hydrogen extractor delivered by Hyundai Rotem
Friday, November 11, 2022
Hyundai Rotem has supplied a hydrogen extractor to a fusion charging station that produces and pumps hydrogen, using biogases from food. The station can produce over […]
Northvolt develops cylindrical cell type 2170
Thursday, October 6, 2022
Battery manufacturer Northvolt recently announced the successful development of a Type 2170 round cell and plans to mass produce it soon. The specification 2170 means a […]
Samsung works on the next generation of storage media
Thursday, September 29, 2022
In July 2022, Samsung Electronics Co. unveiled an improved storage medium that significantly reduces computing time and power consumption. The storage medium is called the second […]
LG and Samsung develop EV batteries without cobalt
Thursday, February 10, 2022
South Korean battery manufacturers LG Energy Solution and Samsung SDI are working on EV batteries without cobalt, according to Business Korea. Competitor SK On, on the […]
Korean Authorities Closed During New Year
Thursday, December 23, 2021
Several Korean authorities and certification institutions will be closed for Christmas and New Year Holidays. The holidays will be on December 25, 2021 and on January […]
Successful Conclusion of 2021
Thursday, December 16, 2021
The MPR Group looks back on an extremely successful 2021, even with the ongoing Covid-19 challenges. Many of our clients had to deal with delivery bottlenecks, […]
Sales of eco-cars in South Korea pass 200,000 mark
Thursday, December 2, 2021
The number of eco-friendly vehicles sold in South Korea passed the important 200,000-unit mark for the first time in September, Pulsenews reports. Thanks to generous government […]
Coupang’s revenue up by more than 50 per cent
Thursday, November 11, 2021
US-listed e-commerce giant Coupang Inc recently reported its highest-ever quarterly revenue. On 12 August, the company, which is also known as the “Amazon of South Korea”, […]
Korean companies venture into wind energy market
Thursday, August 12, 2021
Several Korean companies are entering wind power generation to take advantage of this global growth trend. POSCO Group plans to collaborate with Denmark’s Orsted, the world’s […]
Memory chip makers expect supercycle until 2023
Thursday, August 5, 2021
A so-called supercycle for global memory chip availability, combining price increases and supply shortages, will continue through 2023. As a result, the world’s largest memory chip […]
South Korea’s shipbuilders remain global leaders
Thursday, June 3, 2021
Consulting firm Clarkson Research reported in early March that orders for 92 new ships were placed globally in the previous month. Of these, South Korean shipbuilders […]
Korean retail sales up in spring
Thursday, May 20, 2021
According to multiple sources, Korea’s three largest retailers, Lotte, Shinsegae and Hyundai saw their sales increase an average of 87 percent year-over-year during the first weekend […]
New KC EMC Standards to become mandatory in May
Thursday, April 29, 2021
The Korean Radio Research Agency (RRA) circulated new standards for KC EMC in their Announcement No. 2021-10 on February 8. The changes take effect three months […]
Korean automotive industry on a solid recovery track
Thursday, April 15, 2021
The Ministry of Trade, Industry and Energy released the corresponding figures on February 15. Automobile production increased 24.9 percent, domestic sales increased 18.4 percent and exports […]
South Korean Car Market Strong During Last Year
Thursday, February 11, 2021
Despite falling numbers in global automobile sales, which declined by 14 percent last year, the South Korean market proved to remain strong with a growing number […]
Hyundai Group sold 350,000 “green” vehicles in 2019
Thursday, November 19, 2020
According to a report by the Korean Automobile Manufacturers Association (KAMA), a total of 5.27 million vehicles with alternative drive systems were sold worldwide. Alternative drives […]
KT introduces new services for automated warehouses
Thursday, September 17, 2020
South Korean telecommunications company Korea Telecom KT recently introduced its new automated warehouse services using a local 5G network and self-guided forklift trucks. The company uses […]
Electronics industry prepares for growing demand
Thursday, August 27, 2020
The South Korean electronics industry is preparing for increasing demand after an improvement of the coronavirus situation. Managers from the industry expect an increase starting from […]