Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
[From the scene] Posco to produce more EV materials
GWANGYANG, South Jeolla Province -- Safety guiding fences were set up at Posco’s electrical steel sheet plant in Gwangyang, South Jeolla Province, on Friday. The plant, which is in the final stages of phase one construction before its scheduled start for partial operations in October, signifies the South Korean steel giant’s will to bolster its eco-friendly vehicle materials business. “We are in the final stages of constructing the electrical steel sheet plant. Basically, all e
Industry July 6, 2023
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[From the Scene] Kia's Gwangju plant ups automation
GWANGJU -- A line of pressing machines continuously stamped out automotive body panels inside Kia’s manufacturing plant in Gwangju on Thursday. The pressers never seemed to miss a beat as they kept stamping out the panels, offering a glimpse of the automatized operations at the South Korean carmaker’s major domestic production site. A similar scene could be observed at the next stop, the welding shop. A large electronic display board hanging down from the ceiling showed how the autom
Mobility July 4, 2023
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KG Mobility to take over Edison Motors
KG Mobility said Monday it will look to strengthen its commercial vehicle portfolio after being picked as the final candidate to acquire Edison Motors. With approval from the local court in Changwon, South Gyeongsang Province, of KG Mobility as the final takeover candidate, Edison Motors can complete the corporate rehabilitation process once it submits a debt recovery plan and acquires an agreement from creditors. KG Mobility said it plans to transform Edison Motors into a firm that can contribu
Mobility July 3, 2023
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Hyundai, Kia to outpace chaebol rivals in Q2 profits
Hyundai Motor Company and its sister firm Kia will continue to post upbeat earnings in the second quarter as the two automakers are projected to take first and second places on the list of Korea’s top profit makers in the second quarter. According to market tracker FnGuide’s earnings consensus on Monday, Hyundai Motor’s operating profit in the second quarter is expected to reach 3.6 trillion won ($2.7 billion), up 21.1 percent on year to repeat as the leading earner among the l
Mobility July 3, 2023
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Researchers develop waterproof, transparent, flexible OLED
Korean researchers have developed an organic light-emitting diode display that can emit light while showing the background under water by utilizing MXene nanotechnology, Korea Advanced Institute of Science and Technology said Wednesday. MXenes indicate a class of two-dimensional inorganic compounds comprising transition metal carbides, nitrides or carbonitrides. “We expect this study to not only serve as a guideline for MXene’s application in various electronic devices, but also be u
Technology June 28, 2023
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HD Hyundai Electric scores W290b contracts in US, Europe
HD Hyundai Electric, an energy solution provider under HD Hyundai, has secured two orders worth about 290 billion won ($223 million) to supply eco-friendly electric equipment in the United States and Europe, the company said Tuesday. HD Hyundai Electric struck a 213.6 billion won deal to provide its electric power transformer to US energy firm Xcel Energy, marking the largest contract for a single product since the company’s spinoff from Hyundai Heavy Industries in 2017. The high-electrici
Industry June 27, 2023
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Hyundai Mobis bets big on futuristic displays
Hyundai Mobis, a South Korean automotive parts maker under Hyundai Motor Group, is seeking to lead the global in-vehicle display market with its rollable and swivel displays. “Hyundai Mobis is developing various in-vehicle display technologies centered on innovating space, enhancing user satisfaction and securing passenger safety,” said Han Young-hoon, Hyundai Mobis’ vice president heading the Electronics Convenience and Control lab during a media conference held at the company
Mobility June 27, 2023
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Hyundai Motor chief underlines Vietnamese cooperation
The leaders of Hyundai Motor Group and Vietnam National University, Hanoi, agreed to establish a new cooperation center to nurture professional talent and advance the competitiveness of the Vietnamese auto industry, the South Korean company said Sunday. According to the Korean automaker, Hyundai Motor Group Executive Chair Chung Euisun and Le Quan, the President of Vietnam National University, Hanoi, met Friday on the school’s Hoa Lac campus to discuss various ways for cooperation. “
Mobility June 25, 2023
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[Herald Interview] Cross-border cooperation drives success of Chevrolet Trax Crossover
The number of preorders for the second-generation Chevrolet Trax Crossover surpassed 13,000 a week after the Korean office of General Motors launched the preorders in March. The figure set a new record for the American auto brand as the vehicle with the most preorders in a week, according to GM. The vehicle’s relatively cheap price tag starting at 20.5 million won ($15,900) is likely to have contributed to the sales rush, but the automaker is attributing both the vehicle’s immersive
Mobility June 22, 2023
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[Herald Interview] Koreans' 'discerning taste’ spurs Mercedes-Benz's growth
Mercedes-Benz Korea sold 80,976 units last year -- the first time an auto importer has sold more than 80,000 in a year here -- while claiming the top spot for the seventh consecutive year among foreign automakers in South Korea. Thomas Klein, who is wrapping up his 2 1/2-year tenure as the CEO of the German carmaker’s Korean office this week, says the auto brand’s success here is linked to Korean customers’ "discerning taste." “I believe South Koreans in general
Mobility June 21, 2023
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[Beyond Earth] Kolon aims to become global space parts supplier
Kolon Group, a South Korean chemical and textile conglomerate, is looking to become a global space parts supplier as it continues to build upon its strength of developing and manufacturing composite materials. “Our business is to supply all parts that are made up of composite materials, so we are developing technologies that can produce composite-materials-made components that go into a space launch vehicle,” said Bang Min-soo, CEO of Kolon Glotech, in an interview with The Korea Her
Companies June 19, 2023
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Rolls-Royce Spectre makes Asia-Pacific debut in Seoul
Rolls-Royce Motor Cars on Friday showcased its first all-electric vehicle, Spectre, in South Korea for the first time in the Asia-Pacific region. “I must say that Korea has the largest number of preorders for this Rolls-Royce Spectre in the Asia-Pacific region and this is the reason why our Korean customers will be the first to see the Spectre in the Asia-Pacific region,” said Irene Nikkein, regional director of Asia-Pacific at Rolls-Royce Motor Cars, in a media unveiling event held
Mobility June 16, 2023
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Korea unfazed by new EU battery law
The South Korean government dismissed concerns over the domestic battery makers’ status in the European market after the European Parliament passed a sustainable battery law on Wednesday. “The law does not contain provisions that discriminately apply to certain companies or work against only Korean companies, so it is not expected that the implementation of the law will shake our companies' market status in the EU,” the Ministry of Trade, Industry and Energy said in a stat
Industry June 15, 2023
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Korean biz leaders join forces for hydrogen leadership
South Korean business leaders on Wednesday reaffirmed their will to lead the global hydrogen economy and accelerate the hydrogen transformation in the country as they announced a set of initiatives to create and bolster the hydrogen ecosystem at the second general assembly of the Korea H2 Business Summit held in Seoul. The participants from the 17 members of the Korea H2 Business Summit, a corporate-led hydrogen alliance that kicked off in September 2021, underlined the country's transforma
Industry June 14, 2023
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[KH Explains] Are Hyundai, Kia really responsible for thefts in US?
South Korean automakers Hyundai Motor Company and its sister firm Kia have been facing a public backlash and multiple lawsuits in the United States as the number of vehicle thefts among certain models lacking immobilizers surged after videos of young men stealing the cars went viral on social media platforms last summer. Videos with the hashtags “Kia Boyz” or “Kia Boys” began trending on social media platforms, namely TikTok, across the country. They showed mostly teenage
Companies June 13, 2023
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