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April 13 (Asia Today) — Chung Eui-sun said robotics and artificial intelligence will be central to Hyundai Motor Group’s future growth, as the company plans to invest $26 billion in the United States by 2028.

Hyundai Motor Group aims to expand beyond its traditional automotive business into “physical AI,” integrating robotics and AI into real-world industrial applications.

In an interview with Semafor published Saturday, Chung said robotics and physical AI are key to the group’s evolution beyond mobility, adding that the company is working to develop robots that collaborate with humans.

The chairman reiterated a human-centered AI robotics strategy introduced earlier this year and confirmed plans to deploy humanoid robots in manufacturing by 2028. The company intends to build an annual production capacity of up to 30,000 units by 2030.

The initiative includes the use of humanoid robots developed by Boston Dynamics, which is affiliated with Hyundai Motor Group.

Chung said robotics and AI will play a growing role in improving manufacturing efficiency and product quality as customer demands evolve. He added that integrating innovation into real-world applications will enable collaboration between humans, robots and AI to enhance productivity.

He also underscored the strategic importance of the U.S. market, calling it a key foundation for long-term resilience and sustainable growth.

The group has invested about $20.5 billion in the United States over the past 40 years and plans to increase that figure to $26 billion by 2028, he said. The company is also advancing software-driven manufacturing innovation through its U.S. production operations.

To address global uncertainty, Chung said the company is pursuing a strategy that combines global expansion with localization, citing shifts in regulations, supply chains and customer demand across regions.

He also reaffirmed Hyundai’s commitment to hydrogen energy, saying rising demand driven by AI infrastructure and data centers makes hydrogen a critical alternative energy source.

The company is expanding its hydrogen ecosystem under its HTWO brand, covering production, storage, transportation and utilization.

Chung emphasized that hydrogen and electric vehicles are complementary technologies, adding that offering diverse energy options will be key to competitiveness in the energy transition era.

He cited quality and brand trust as the foundation of the group’s competitiveness, noting that Hyundai, Kia and Genesis sell more than 7 million vehicles annually across more than 200 countries, supported by 16 global production facilities.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260413010003703

Mérida, April 8, 2026 (venezuelanalysis.com) – Energy multinational Shell is reportedly in advanced negotiations with the Venezuelan government to expand its operations in the country’s offshore natural gas fields

According to Reuters, the London-based oil and gas giant is seeking rights to exploit four major fields in Venezuelan waters near the maritime border with Trinidad and Tobago.

Shell wants to move beyond the 4.2 trillion cubic feet (tcf) Dragon field project, which it is set to develop alongside Trinidad’s National Gas Company (NGC) after receiving a 30-year license from the Venezuelan government in December 2023.

The company is currently targeting three additional fields that, together with Dragon, comprise the Mariscal Sucre project: Río Caribe, Patao, and Mejillones. The four fields represent approximately 12 tcf of reserves combined.

Shell likewise aims to accelerate operations in the 7.3 tcf Loran field, which forms part of the Loran-Manatee cross-border reservoir with Trinidad. The firm is already developing the Manatee side in Trinidadian waters, and spokespeople referred to Loran, which remains largely untapped, as an “attractive investment opportunity.” 

If the deals are finalized, Shell would gain access to a combined resource base of approximately 20 tcf of Venezuelan natural gas, with plans to process it into liquefied natural gas (LNG) in Trinidadian facilities.

Shell CEO Wael Sawan stated during the late March CERAWeek conference in Houston that the company could reach a final investment decision (FID) on at least two Venezuelan projects “before the end of this year, if afforded the right fiscal and legal frameworks.” Sawan added that there is “a long way to go” before the projects launch but that he was “encouraged” by recent progress.

A primary hurdle in the current negotiations is the status of the Río Caribe and Mejillones fields, which had partial ownership stakes previously assigned to Rosneft and then transferred to Russian state-owned Roszarubezhneft in 2020. Both fields have remained largely untouched.

In a statement to Reuters, a Shell spokesperson confirmed that the Russian part-ownership is “a problem” but expressed confidence in overcoming it.

For its part, the government of Trinidad and Tobago has maintained a supportive stance toward the integration of Venezuelan gas into its domestic infrastructure. Port of Spain possesses significant idle capacity at its Atlantic LNG facility, partly owned by Shell, due to declining domestic production in recent years.

The Trinidadian Energy Chamber recently expressed optimism that the expanded Shell projects in Venezuelan waters would “boost [Trinidadian] exports and generate much-needed foreign currency.”

However, the recent negotiations have drawn internal scrutiny. Former Energy Minister Kevin Ramnarine noted that while the deals will benefit Trinidad’s LNG exports, it effectively transitions the country into a gas importer.

The acceleration of talks for natural gas concession projects in Venezuelan waters follows the January 2026 reform of the Caribbean nation’s Organic Hydrocarbon Law. The pro-business overhaul granted private corporations significant benefits in terms of reduced fiscal responsibilities and increased control over operations and sales.

In addition to offshore natural gas ventures, Shell additionally signed agreements to take over light and medium-crude projects in the Punta de Mata Division in eastern Venezuela.

For the Dragon Project, the proposed development plan involves drilling subsea wells in Venezuelan waters and tying them to the Hibiscus platform off the north coast of Trinidad. The Loran field is expected to be linked to the Manatee platform.

Alongside Shell, BP had also previously progressed in talks to exploit the Cocuina-Manakin joint field. Both energy corporations recently received US Treasury licenses to negotiate contracts with Caracas under restricted conditions.

The Nicolás Maduro government had suspended all joint natural gas projects with Trinidad in late 2025 after the Kamla Persad-Bissessar government openly supported the Trump administration’s Caribbean military build-up ahead of the January 3 military strikes against Venezuela. Maduro and First Lady Cilia Flores were kidnapped by US special forces.

Edited by Ricardo Vaz in Caracas.

April 1 (Asia Today) — Samsung Heavy Industries has joined a U.S. Navy vessel development project, marking another step forward for South Korea’s shipbuilding industry in the American defense market following similar moves by Hanwha.

Samsung Heavy Industries said Wednesday it has begun conceptual design work for the Navy’s Next-Generation Logistics Support Ship program in partnership with U.S. shipbuilder General Dynamics NASSCO and Korean engineering firm DSEC. The project is scheduled to run through March 2027.

The program involves developing small, highly maneuverable vessels to support the Navy’s distributed maritime operations strategy, which emphasizes dispersed forces and flexible logistics. More than 13 ships are expected to be built under the initiative.

Samsung Heavy Industries will focus on hull design and technical support, using a 400-meter test tank at its research facility to improve efficiency and performance.

The announcement follows a move by Hanwha’s shipbuilding unit, which recently confirmed its participation in a separate U.S. Navy program. Industry analysts say a broader Korea-U.S. shipbuilding cooperation framework is beginning to take shape as major South Korean companies expand their presence in U.S. defense projects.

A company official said the NGLS program will serve as a foundation for expanding cooperation with the U.S. partner shipyard and accelerating efforts to secure tangible results in the American market.

In parallel with the design project, Samsung Heavy Industries is preparing to bid jointly with a U.S. shipyard for maintenance, repair and overhaul contracts. The company is also pursuing certification under the Navy’s ship repair agreement program, which would allow it to compete for future maintenance work.

The company is further strengthening collaboration in advanced manufacturing technologies, including artificial intelligence-based automation and robotics, through a research center established with San Diego State University. Plans include expanding cooperation to build a shipbuilding supply chain in the United States and train skilled workers.

The latest developments suggest South Korea’s shipbuilders are moving beyond commercial vessels into defense-related projects in the United States, broadening their global footprint and deepening bilateral industrial ties.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260401010000142

March 19 (Asia Today) — South Korean game companies are increasingly taking popular intellectual property beyond screens, launching immersive offline experiences to deepen engagement and diversify revenue.

The shift reflects efforts to reduce the industry’s reliance on new game releases, which can drive sharp swings in earnings. By combining well-known titles with venues such as aquariums and theme parks, companies aim to boost profitability while strengthening brand loyalty.

Experiential offerings typically include photo zones, merchandise sales and live events, creating both direct revenue and indirect benefits by encouraging players to return to games. Industry officials say the approach also opens the door to expansion into animation, performances and theme parks.

Devsisters will host “Cookie Run in Lotte World Aquarium: Ocean Adventure” from Thursday through June 7, transforming multiple floors of the aquarium into nine themed zones. The event blends eight signature Cookie Run characters with marine life, offering visitors an interactive storyline.

The exhibition also introduces an augmented reality stamp tour, allowing visitors to play mini-games on their smartphones and receive rewards such as character voice messages. Merchandise tied to the franchise will be sold on-site.

The company plans additional tie-ins, including a collaborative program at the “Sky Run,” a 123-floor vertical marathon at Lotte World Tower on April 19.

Nexon is pursuing a similar strategy with “MapleStory in Lotte World,” running through June 14 in Seoul’s Songpa district. The event features a themed “Maple Island” zone, along with recreations of in-game locations such as Henesys and Arcana.

Visitors can import or customize their in-game characters at dedicated experience zones. The event also includes retro gaming areas and themed products such as a “Red Potion” drink inspired by in-game items.

Other major firms are following suit. Krafton has operated pop-up stores based on “PUBG: Battlegrounds,” while Netmarble has hosted events featuring its “Kungya Restaurants” franchise.

“As pop-up stores, exhibitions and collaborations expand, game-based cultural content will become more diverse,” an industry official said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260319010005893

Caracas, March 20, 2026 (venezuelanalysis.com) – The US Treasury Department has issued a new sanctions waiver as the Trump administration seeks to deepen US control over Venezuela’s oil sector.

General License 52 (GL52), published on Wednesday, authorizes US entities to engage in transactions with Venezuelan state oil company PDVSA under conditions that limit Venezuelan sovereignty.

An updated FAQ from the Treasury’s Office of Foreign Assets Control clarified that the exemption allows US companies to engage in activities related to the exportation of Venezuelan-origin oil products, export diluents and inputs to Venezuela as well as enter into new contracts for oil and gas production.

However, in line with recent US licenses, GL52 mandates that all tax, royalty, and dividend payments be made into US Treasury-controlled accounts.

Following the January 3 US military strikes and kidnapping of Venezuelan President Nicolás Maduro, the Trump administration has taken control over Venezuelan crude exports while imposing conditions favorable to Western energy conglomerates.

Thus far, Washington has returned US $500 million out of an initial January deal worth $2 billion. US authorities have also confirmed Venezuelan imports of US-manufactured medicines and medical equipment. Trump officials had vowed that US energy revenues could only be used for purchases from US suppliers and that Caracas would need to submit a “budget request” to access its funds.

The White House issued GL52 amid soaring energy prices caused by the US and Israeli war against Iran. Tehran has responded to massive bombings by targeting US military assets in the region and closing the strategic Strait of Hormuz.

Last week, the US Treasury amended licenses to allow US imports of fertilizers from Venezuela, as well as repair works in the South American country’s electric grid. Venezuela’s electrical infrastructure remains in a precarious state after years of US sanctions, and expanded power capacity is a precondition for recovery of the oil industry.

Despite the broadened waivers for corporations hand-picked by the White House to engage with Venezuela, PDVSA and its subsidiaries remain under financial sanctions, while third-country firms risk secondary sanctions should they enter into agreements without a US Treasury special license.

In late January, Venezuelan authorities approved a pro-business overhaul of the country’s Hydrocarbon Law, granting private companies reduced fiscal responsibilities, increased control over production and exports, and the possibility of taking disputes to international arbitration bodies.

Chevron and Shell, with US Treasury approval, were the first companies to take advantage of the new incentives. Chevron’s Petropiar joint venture with PDVSA was granted a new 500 square-kilometer bloc to drill for extra-heavy crude in the Orinoco Oil Belt, while Shell is set to take over light and medium crude and natural gas operations in the eastern state of Monagas.

Last week, European energy giants Eni and Repsol, who were also given the inside track by the White House, announced an agreement with the Venezuelan government for the development of the Cardón IV offshore natural gas project.

Eni and Repsol each own 50 percent stakes in Cardón IV, which has been in operation since 2009. Neither firm nor Caracas offered details on the renewed agreement, though both enterprises had lobbied for improved conditions and mechanisms to recoup accumulated debt due to US sanctions.

According to Bloomberg, ONGC Videsh (India), Maha Capital AB (Sweden), and J&F Investimentos (Brazil) are among the companies likely to receive special licenses for involvement in Venezuela’s oil sector as Washington seeks to counter rising crude prices. Nevertheless, analysts stress that the Venezuelan oil industry does not have the capacity to significantly ramp up output in the near future.

On March 11, the Trump administration formally recognized Acting President Delcy Rodríguez as Venezuela’s “sole authority,” days after Venezuela and the US reestablished diplomatic ties following a seven-year hiatus.

On Monday, Rodríguez appointed new executive boards for PDVSA’s US-based affiliates, including refiner CITGO. Asdrúbal Chávez, who held multiple roles in both PDVSA and CITGO since the 2000s, was picked as president of CITGO and its parent company, PDV Holding. At the time of writing, US authorities have not commented on the proposed new leadership for the companies, which had been run by the US-backed opposition since 2019.

CITGO is currently in the closing stages of a court-mandated auction that will see Venezuela lose ownership of its most prized foreign asset to address creditor claims against the country. The sale to Amber Energy, a subsidiary of vulture fund Elliott Management, is pending authorization from the US Treasury Department.

Edited by Lucas Koerner in Fusagasugá, Colombia.

March 18 (UPI) — Korea Hydro & Nuclear Power said Wednesday that new CEO Kim Hoe-chun has officially taken office to lead the state-run company over the next three years.

The chief executive said that he would establish a dual-track strategy of focusing on large-scale nuclear reactors and small modular reactors, or SMRs, at the same time to gain a stronger foothold in the global market.

SMRs refer to next-generation nuclear power plants, which are smaller but considered safer than traditional massive reactors. Korea Hydro & Nuclear Power, or KHNP, has worked on its own models, known as “innovative SMRs.”

“We will successfully carry out already secured overseas projects while pursuing tailored bidding strategies to enter new markets,” Kim said during an inauguration ceremony at the firm’s head office in Gyeongju, around 180 miles southeast of Seoul.

“We will develop the KHNP-style integrated management model as an export product and take a leading position in the international nuclear power market through innovative SMR technologies,” he said.

In June 2025, KHNP signed a contract to build two nuclear reactors in the Dukovany region of the Czech Republic. The agreement is estimated to be worth about $18 billion.

The company also has been competing with global players to win nuclear contracts in other countries.

Before taking the helm at KHNP, Kim spent decades at Korea Electric Power Corp., where he held a series of key positions after joining it in 1985. Between 2021 and 2024, he served as CEO of Korea South-East Power, an affiliate of KEPCO.

The United Nations is warning that rapidly escalating drone warfare in Sudan has killed more than 200 people in little over a week as schools, hospitals, and civilian infrastructure become targets.