Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
HD Hyundai signs W641b warship deal with Peru
HD Hyundai Heavy Industries has bagged an order worth 640.6 billion won ($462 million) to build four warships for Peru’s state-owned shipyard SIMA, marking Korea’s largest-ever defense export deal to Latin America. According to HD Hyundai on Wednesday, Peru's President Dina Boluarte and Defense Minister Walter Astudillo Chavez, as well as Joo Won-ho, head of HD Hyundai Heavy Industries' special ship business unit, attended a signing ceremony held at the Naval Center San Bor
Industry April 17, 2024
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LS Materials breaks ground on EV parts plant
LS Materials’ subsidiary HAIMK began construction of an aluminum parts plant for electric vehicles in Gumi, North Gyeongsang Province, on Wednesday. According to LS Materials, the plant will begin the mass production of battery cases with an annual capacity that can be used for 300,000 EVs in the first quarter of next year. The product is a high-strength aluminum component that protects the battery from outside impact without supplementary steel material. “Our products will be the on
Industry April 17, 2024
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HD Hyundai expands solar power business
HD Hyundai Energy Solution, a solar energy affiliate under South Korean shipbuilding conglomerate HD Hyundai, has recently completed the installment of rooftop solar power systems at CJ CheilJedang’s two plants, the company said Monday. With an installed capacity of 2.7 megawatts, the rooftop photovoltaic system can generate 3.5 gigawatts and cut down carbon emissions by 1,607 tons per year. According to HD Hyundai Energy Solution, the solar power systems will be operated under leases, so
Industry April 15, 2024
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Hyundai Mobis to test fully autonomous driving in Incheon
Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Monday that it will begin conducting test rides of level 4 autonomous driving in Incheon this month to accelerate the commercialization of self-driving vehicles. The Society of Automotive Engineers categorizes autonomous driving in six levels, ranging from 0 to 5. Level 4 autonomous driving requires the vehicle to perform the majority of driving tasks independently. The auto parts maker signed a memorandum of understanding
Mobility April 15, 2024
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HD Hyundai to develop uncrewed surface vessel by 2026
HD Hyundai has teamed up with Palantir Technologies, a US software company, to develop uncrewed surface vessels by 2026, the Korean shipbuilding conglomerate said Sunday. Officials from HD Hyundai and Palantir signed a memorandum of understanding at the US side’s office in Washington, DC, on Thursday. The two sides plan to develop reconnaissance USVs by 2026 and expand their portfolio to combat USVs later on. In doing so, Avikus, an autonomous navigation solutions developer that was launch
Industry April 14, 2024
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Former biz leaders receive mixed results in election
Former corporate executives who ran for a seat at the National Assembly received mixed results as the votes from the general election were announced Thursday. The two headliners -- Koh Dong-jin, former president of Samsung Electronics, and Kong Young-woon, former president of Hyundai Motor -- found each other on opposite ends of the spectrum as the former won while the latter suffered a loss. Koh, who joined the ruling People Power Party in January, confirmed victory in the Gangnam-C constituenc
Politics April 11, 2024
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Korean battery firms await grim Q1 earnings amid EV slowdown
Korea's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are buckling up for the impact of their first-quarter earnings, which are certainly looking dispirited amid the withering demand for electric vehicles across the globe. According to LG Energy Solution’s preliminary earnings released on Friday, the country’s leading battery firm is expected to post 6.13 trillion won ($4.53 billion) in revenue and 157 billion won in operating profit from January to Ma
Industry April 10, 2024
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Samsung to receive over $6b subsidy from US: report
Samsung Electronics is set to receive between $6 billion and $7 billion in grants from the US government next week as the Korean chipmaker looks to bolster its US production, Reuters reported Monday. According to the report citing anonymous sources, the subsidy from the Biden administration will be used for the construction of four semiconductor facilities in Taylor, Texas. The subsidy-impacted facilities are a $17 billion chipmaking plant Samsung announced in 2021, another chip factory, an adva
Industry April 9, 2024
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Hanwha’s succession plan picks up pace
Hanwha Group, Korea’s seventh-largest conglomerate by total assets, is poised to solidify its plan for succession, which will move from the current chairman to his three sons, as the company has taken a clearer stance on who will take charge of each business. According to the conglomerate, Hanwha Group Chairman Kim Seung-youn visited the headquarters of Hanwha Robotics in Pangyo, Gyeonggi Province, on Friday, with his youngest and third son Kim Dong-seon, who is the vice president of Hanw
Industry April 8, 2024
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Hyundai, Kia expand role in India’s EV localization
Hyundai Motor and Kia announced Monday that they have signed a strategic partnership with Exide Energy, a leading battery company in India, to speed up India’s transition into electric vehicles and expand the Korean automakers’ presence there. Under the partnership, Exide Energy will develop lithium-iron-phosphate, or LFP, battery cells and supply them to the automakers’ manufacturing footholds in India. The LFP battery cells will be loaded onto the carmakers’ India-speci
Mobility April 8, 2024
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[Herald Interview] Porsche zeroes in on making more fans with new Panamera
The chief of the Porche's Panamera line said building a bigger local fandom will be the carmaker's most important goal as the sporty sedan's third-generation was rolled out in Korea. “The question is not only ‘how do we get the customers to the brand and how do we get them not only as customers and drivers of our cars' (but also) 'How do we get them as fans of the brand?’” said Thomas Friemuth, the head of Porsche’s Panamera product line at
Mobility April 7, 2024
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[KH Explains] Hyundai Motor’s bet on robot dog befalls murky outlook
Hyundai Motor Group has found itself at a crossroads as Boston Dynamics, a US-based robotics company that the Korean auto conglomerate acquired in 2021, struggles to find a breakthrough amid mounting losses. Over two years have passed since Hyundai Motor Group Executive Chair Chung Euisun appeared on stage with Boston Dynamics’ four-legged, dog-like robot, Spot, at the CES 2022 in Las Vegas. “Robots are getting closer to humans. Just like you are carrying your phone today, in the
Mobility April 7, 2024
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Kia to invest W38tr through 2028 with focus on automation
Kia on Friday unveiled a plan to invest 38 trillion won ($28.1 billion) through 2028 in an investor relations event held at Conrad Seoul, vowing to lead the global auto industry’s automation. According to the Korean automaker, 65 percent of the large-scale investment will be injected into automation, 19 percent will be used for developing purpose-built vehicles, which were redefined as "platform beyond vehicles" at CES in January, 8 percent will be spent on the transition to soft
Mobility April 5, 2024
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[Exclusive] Spelling errors call space agency's foreign talent search into question
Multiple spelling errors have been found in the Korea AeroSpace Administration’s English-language job application, raising questions about the country’s professionalism and sincerity in recruiting professionals from overseas to its soon-to-be-established space body. KASA’s English job application, which can be downloaded from the new space body’s official website, on Wednesday showed that all four documents contained the same spelling mistake in the name of the agency. Th
Technology April 4, 2024
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[단독] 우주청, '오타 투성이' 영문 지원서 빈축
우주항공청이 5월 공식 출범을 앞두고 파격 조건을 약속하며 국내는 물론 해외 우수 인재도 유치하겠다는 야심 찬 계획을 내세웠지만 정작 가장 기본적인 영문지원서에 다수의 오타가 나와 지원자들과 학계의 빈축을 사고 있다. 4일 우주항공청 공식웹사이트에서 다운로드 받은 외국인 전형 지원서 총 네 건을 살펴보면 모든 서류의 머리말에 기관명이 "Korea AreoSpace Administration"이라고 표기되어 있다. 우주항공청의 공식 영문 명칭은 "Korea AeroSpace Administration"인데 '우주항공'을 뜻하는 영어단어 'aerospace'를 'areospace'로 잘못 표기한 것이다. 오타는 이뿐만 아니다. 이력서 문서 중 학위 취득 대학원의 국가를 표기하는 란에는 'country'가 아닌 'countr'라고 쓰여 있는데 바로 밑 대학교 국가에
한국어판 April 4, 2024
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