Articles by Byun Hye-jin
Byun Hye-jin
hyejin2@heraldcorp.com-
Hyundai Motor posts record earnings on upbeat US sales
Hyundai Motor said Wednesday it posted record-high sales and profits in the second quarter this year, largely buoyed by strong sales in key markets, including the US. The carmaker’s sales revenue surged by 17.4 percent to 42.2 trillion won ($33 billion) from a year earlier, surpassing the previous record posted in the fourth quarter last year. Operating profits exceeded the 4 trillion won mark for the first time to reach 4.2 trillion won, a 42.2 percent jump on-year. Of the 1.06 million
Mobility July 26, 2023
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Hanwha Aerospace to develop fighter jet engine materials
Hanwha Aerospace on Wednesday said it is poised to develop engine materials for fighter jets in a move to bolster the nation’s self-defense capabilities. The defense and aerospace unit of Hanwha Group signed a memorandum of understanding with the Korean Institute of Metals and Materials, the Korea Aerospace Technology Research Association, the Korea Evaluation Institute of Industrial Technology and Seoul National University on developing, forging and casting materials for Inconel 718, a sp
Industry July 26, 2023
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[단독] 현대차, 인도네시아서 현지 생산 배터리 장착한 아이오닉 5 내년 8월 양산
[코리아헤럴드=변혜진 기자] 현대자동차그룹이 ‘제2의 중국’으로 급부상 하고 있는 인도네시아에서 전기차 생산율을 더욱 확대할 예정이다. 이르면 내년 8월부터 현지에서 제조한 배터리팩을 장착해 아이오닉5를 생산한다는 계획이다. 25일 현대자동차그룹 이영택 아태권역본부장은 용산에서 열린 ‘한-인니 수교 50주년 기념 비즈니스 포럼’에서 "현대에너지 인도네시아는 2024년 7월부터 현대자동차-LG에너지솔루션 배터리셀 합작공장으로부터 셀을 공급받아 팩을 완성하고 8월부터 현지 생산 전기차에 탑재할 예정"이라고 말했다. 현대에너지 인도네시아는 현대자동차의 인도네시아 생산법인과 현대모비스가 공동 투자해 지난해 설립한 배터리팩 생산 법인이다. 이 본부장은 “현지화 생산 비중을 40% 이상으로 맞추고, 나아가 60% 이상 달성하면 현대차가 완성차업체 중 유일하게 인도네시아 정부의 특별소비세 (사치세) 15% 면제 혜택 등을 계
한국어판 July 25, 2023
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[Exclusive] Hyundai to ramp up EV production in Indonesia
Hyundai Motor Group is poised to produce electric vehicles, including the flagship Ioniq 5, in Indonesia equipped with battery packs made at its manufacturing plant there from August 2024, ramping up production to allow hefty EV tax incentives. “Hyundai Energy Indonesia will be producing battery packs from July 2024 using cells made by Hyundai Motor Group and LG Energy Solution’s joint battery manufacturing plant. A month later, the packs will be put into EVs produced in Indonesia,&r
Mobility July 25, 2023
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Korea, Indonesia vow to bolster business ties
Top government officials and entrepreneurs from South Korea and Indonesia on Tuesday renewed their commitment to bolstering economic and business ties between the two countries, commemorating the 50th anniversary of bilateral relations this year. “As of 2022, South Korea became the seventh largest investor in Indonesia, reaching $2.29 billion, a 40.06 percent jump from a year earlier. Indonesia is ready to cooperate with Korea in the field of technology exchange, investment, education, R
Industry July 25, 2023
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Samsung SDI, Stellantis to build second joint EV battery plant in US
Samsung SDI said Monday it is poised to build a second electric vehicle battery manufacturing plant with Stellantis in the US, ramping up its investment in the all-important EV market. The two signed a memorandum of understanding to set up the plant under StarPlus Energy, a joint venture of Samsung SDI and Stellantis, with an initial annual production capacity of 34 gigawatt hours. It is slated to start production in 2027. The location of the plant has yet to be decided. The Korean battery maker
Mobility July 24, 2023
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Renault’s LPG-powered QM6 nears 100,000 unit sales
The New QM6 by Renault Korea Motors is the only sport utility vehicle in Korea that is powered by liquefied petroleum gas or LPG. Highlighting the high demand for the LPG model among Korean drivers, the carmaker said almost seven out of 10 QM6 cars sold in the first half of this year were LPG models. Since its debut in 2019, the QM6 LPe is expected to hit the 100,000 mark in sales in the near future. According to Renault, one of the key reasons behind the LPG model’s huge success is its re
Mobility July 21, 2023
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HMM put up for sale for 'at least' W5tr
The state-run Korea Development Bank and Korea Ocean Business Corp., the two largest shareholders of debt-ridden shipping company HMM, are seeking to sell their shares for at least 5 trillion won ($3.9 billion), according to industry sources Friday. The two organizations said they are selling a combined 40.65 percent controlling stake in HMM, together with perpetual convertible bonds worth 2.68 trillion won. A perpetual bond has no maturity date and can be converted into equity. From 2018 to 2
Industry July 21, 2023
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Hyundai Motor unveils nanotechnology vision
Hyundai Motor Group said Thursday it has developed six kinds of nanotechnologies that will be key drivers of growth in future mobility, ranging from autonomous driving cars to software defined vehicles. Nanotechnology creates new materials by synthesizing or fabricate arrays of materials that are 1 billionth of a meter in width. “Only when we secure top level materials technology in mobility can we improve the performance and durability of car parts and vehicles which will offer a competit
Mobility July 20, 2023
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[KH explains] How to stay safe driving through flood water
Flooding due to monsoon rains in South Korea has resulted in dozens of casualties this week, raising the issue of vehicle safety during storms. Drivers need to take extra care and be vigilant to avoid getting trapped in submerged cars, according to experts. “It is recommended to reduce speed, almost by 20 percent of the speed limit to prevent the car from skidding on wet roads,” said Lee Ho-geun, a car engineering professor at Daeduk University. “Also, keep longer stopping di
Mobility July 19, 2023
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Public affairs strategies reshaping at chaebol groups
South Korea’s top four chaebol groups are gearing up to secure supply chain resilience and salvage their global businesses from the rising geopolitical uncertainties reshaping industrial dynamics. From expanding their public affairs organizations to hiring seasoned ex-government officials, the conglomerates are coming up with measures to minimize the impacts of increasingly protectionist policies around the world, especially in the US and Europe. Their spending on lobbying activities has
Industry July 17, 2023
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Korea to dominate 75% of battery separator market by 2030: report
South Korean battery materials makers are expected to take up 75 percent of separator film production within North America and Europe by 2030, a report showed Monday. Of the Korean companies, SK IE Technology, an electronics materials maker affiliated with SK Group, is projected to control the largest market share of 33 percent with an annual production capacity of 380 million square meters of separators in the cited period, according to energy market tracker SNE Research. Battery separator fi
Mobility July 17, 2023
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Hyundai’s N brand hits 100,000 unit sales
Hyundai Motor Group said Sunday its high-performance N brand has hit the 100,000 sales mark since its official launch in 2015. The brand’s six cars, including the very first i30 N and the recent Kona N, sold a total of 103,947 units globally as of the day. The South Korean auto giant offered an upbeat outlook for sales of the N brand, with the latest launch of the Ioniq 5 N -- the brand’s first full-electric car -- scheduled to make its commercial debut in September. Under the slogan
Mobility July 16, 2023
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[단독] 美인디애나주 “삼성SDI, 전기차 제조 인력 양성에 크게 기여…고용 부담 줄여줄 것”
삼성SDI가 스텔란티스에 이어 제너럴 모터스(GM)와 인디애나에 두 번째 배터리 합작공장 설립에 나서면서 현지 내연기관 자동차 중심의 노동력을 첨단 제조 인력으로 전환하는데 중추적인 역할을 할 것으로 기대된다. 브래들리 체임버스 인디애나주 상무부 장관은 12일 코리아헤럴드와의 전화 인터뷰에서 “인디애나주에는 GM, 토요타 등을 포함한 5개 자동차 OEM사 공장의 풍부한 노동력이 있지만 대부분 내연기관 자동차 제조 인력에 치중돼 있다”며 “그들을 전기차 배터리 전문 인력으로 다시 양성해내는 과정이 필요한 상황”이라고 설명했다. 그는 또 “삼성SDI와 GM의 합작공장이 현지에서 새로운 종류의 고임금 제조 일거리를 제공함으로써 자동차 산업에서의 청정 에너지 전환을 앞당길 것”이라고 덧붙였다. 체임버스장관은 인디애나 주정부 역시 아이비 테크(Ivy Tech · 미국 전역에서 가장 거대한 규모의 인디애나 지역 대
한국어판 July 13, 2023
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[Herald Interview] 'Samsung SDI to play vital role in accelerating Indiana's EV transition'
Samsung SDI’s recent joint venture deal with General Motors to construct an electric vehicle battery cell manufacturing plant in Indiana is expected to play a pivotal role in fostering a more advanced manufacturing workforce. “We’ve got five auto OEMs (original equipment manufacturers) (including GM and Toyota) in Indiana that give us tons of auto (workers). However, they are mostly focused on working on the production lines of internal combustion engine cars,” Indiana&rs
Mobility July 13, 2023
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