Articles by Kan Hyeong-woo
![Kan Hyeong-woo](https://res.heraldm.com/content/koreaherald/hgrp_profile/kanhyeong-woo.jpg)
Kan Hyeong-woo
hwkan@heraldcorp.com-
HD Hyundai gets green light to bid for US warship maintenance projects
HD Hyundai Heavy Industries said Thursday that it has secured the right to bid for the United States Navy's warship maintenance, repair and operations, or MRO, projects to become the first South Korean shipbuilder to do so. According to the shipbuilder, HD HHI signed the master ship repair agreement with the US Naval Supply Systems Command. Under the agreement, HD HHI has been given the qualification to submit bids for MRO projects of the US Navy's warships as well as support ships of
Companies July 11, 2024
-
Hyundai Rotem renews K2 supply consortium with Poland
Hyundai Rotem has renewed a consortium agreement with Poland's state armament group PGZ to carry out the production and delivery of K2PL, the Polish variant of Hyundai Rotem's K2 Black Panther tank, the Korean company said Wednesday. The renewed contract has laid out the foundation for the two sides to engage in accelerating talks for a second K2 tank contract. According to Hyundai Rotem, the previous consortium, which began its term in March last year, reached its expiration date last
Companies July 10, 2024
-
LS invests $681m to build largest submarine cable plant in US
LS Cable & System on Wednesday announced its plan to invest $681 million to build the largest submarine cable manufacturing plant in the United States. According to the announcement, the new facility will be in Chesapeake, Virginia. LS GreenLink USA, a US subsidiary of LS Cable & System, will break ground for the plant next year. The facility is expected to begin operations by 2027 and create over 330 jobs. The site will include a 200-meter-tall submarine cable manufacturing building, wh
Companies July 10, 2024
-
Hanwha Aerospace inks W1.4tr arms deal with Romania
Hanwha Aerospace has secured a 1.4 trillion won ($1 billion) arms contract with Romania to export 54 units of the K9 self-propelled howitzer and 36 units of the K10 ammunition resupply vehicle, the Korean defense firm said Wednesday. According to Hanwha Aerospace, the delivery of the arms machinery will begin in 2027 in phases. The company said it beat out the competing bidders from the North Atlantic Treaty Organization such as Germany's PzH2000 and Turkey's Firtina to secure the cont
Companies July 10, 2024
-
Hyundai Motor, Oxford establish Foresight Center
Hyundai Motor Group and the University of Oxford in the UK have established a joint Foresight Center to explore the former's long-term strategies and visions together, the Korean auto conglomerate said Tuesday. "The automotive industry is undergoing a paradigm shift and significant changes in business environments, leading to unprecedented uncertainty," said Kim Gyun, head of Hyundai Motor Group Business Intelligence Institute. "In such times, it is crucial for companies to m
Companies July 9, 2024
-
HD Korea Shipbuilding launches translation service for foreign workers
HD Korea Shipbuilding & Offshore Engineering said Tuesday that it developed an artificial intelligence translation technology to support foreign workers. According to the company, the service named AI Agent was developed using generative AI technology and has been implemented at the HD Hyundai Samho shipyard in Yeongam, South Jeolla Province. Combined with the shipbuilder's self-developed messaging app Team Up, the AI Agent translates the messages originally written in Korean to a langu
Companies July 9, 2024
-
[Business Diplomacy] Importance of tracking money in politics
The United States and its capital, Washington, DC, have one of the biggest lobbying sectors in the world. Hilary Braseth, executive director of OpenSecrets, a Washington DC-based nonprofit organization specializing in tracking and publishing the money flows in politics, says transparency is integral to lobbying. “In the US, the case for making lobbying legal I believe, or some form of it legal, was on the basis of our Constitution, which some (court rulings) believe that (it’s) the F
Companies July 8, 2024
-
LG Energy Solution CEO underscores stronger fundamentals
LG Energy Solution CEO Kim Dong-myung said Thursday that the company needs to focus on strengthening fundamentals and review ways to cut down any dissipation amid the stagnating demand for electric vehicles forecasting a troublesome outlook for the battery industry. "As we have been pushing for aggressively winning contracts and expanding businesses, it's true that there have been a lot of inefficiencies across various sectors such as personnel, facilities, and purchases," he said
Companies July 4, 2024
-
Maserati seeks revitalization in Korea
Italian luxury auto brand Maserati on Wednesday signaled a new beginning in Korea as it launched a regional office, seeking a revitalization in the local market. “Maserati for more than 110 years has delivered the excitement on the road in terms of performance, design, innovation and luxury,” said Davide Grasso, CEO of Maserati, in a press conference at Dongdaemun Design Plaza in Seoul. “Today we are emphasizing our focus in the market as a luxury brand with extreme confidence.
Mobility July 3, 2024
-
LG Energy Solution secures mass supply of lithium from Australian firm
LG Energy Solution said Tuesday that it had struck a deal to secure a large-scale lithium supply with Australian mining firm Liontown Resources, bolstering its global supply chain of key raw materials for electric vehicle batteries. According to the Korean firm, the contract guarantees about 1.75 million tons of lithium spodumene concentrate over the next 15 years. The supply is enough to produce batteries for approximately 5 million EVs with a range of at least 500 kilometers per charge. LG Ene
Companies July 2, 2024
-
Hyundai Motor takes aim at Southeast Asia
Hyundai Motor Group is looking to spearhead the burgeoning auto markets within the Association of Southeast Asian Nations, or ASEAN, based on its established footings in a number of countries in that region, the South Korean auto conglomerate said Monday. According to the automaker, Hyundai Motor Manufacturing Indonesia, the conglomerate’s first vehicle manufacturing plant in the ASEAN region, rolled out 22,520 units in the first quarter of this year to reach an overwhelming operation rate
Mobility July 1, 2024
-
[Reporter’s Notebook] Busan ‘International’ Mobility Show and BMW
The 2024 Busan International Mobility Show began at Bexco in Korea’s second-largest southeastern port city on Thursday, just like any other global auto exhibition. The press day allowed numerous journalists to take a firsthand look at what the event had in store. However, despite the global intentions behind the title of the event, the exhibition venue had only one auto importer present: BMW Group Korea. BMW Group Korea President Han Sang-yun noted in his presentation that the German autom
Mobility June 30, 2024
-
[Herald Interview] ‘Renault Grand Koleos is like Chanel’
BUSAN -- The Korean-tailored features, positioning and unique name of the Grand Koleos, the sports utility vehicle Renault Korea debuted at the 2024 Busan International Mobility Show last week, will lure Korean customers, according to the CEO of the French automaker’s local office. “This car is completely answering to a different proposal that we can give as a French brand,” said Renault Korea CEO Stephane Deblaise in an interview with the Korea Automobile Journalists Associa
Mobility June 30, 2024
-
Hanwha Systems teams up with US satellite company
Hanwha Systems said Friday that its in-house venture Flexell Space had teamed up with US satellite manufacturer Terran Orbital, paving the way to enter the US market and expand its businesses. According to the announcement, the two sides inked a memorandum of understanding on solar cell supply and international business cooperation. They plan to co-develop satellite solutions to bolster their presence in both US and Asian markets. As the first part of their partnership, Flexell Space will supply
Companies June 28, 2024
-
[BIMOS 2024] BMW M4, iX2 make Korean debut
BUSAN -- BMW Group Korea exhibited the new high-performance model M4 and the brand’s first all-electric sports activity coupe, the iX2, for the first time in Korea at the 2024 Busan International Mobility Show on Thursday. As the only import auto brand taking part in the local auto exhibition, BMW Korea rolled out 18 models including the new Mini Countryman JCW, the new all-electric Mini Cooper and the new BMW M 1000 XR at the event, which will welcome visitors at Bexco from Friday to July
Mobility June 27, 2024
Most Popular
-
1
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
-
2
Yoon urges municipalities to embrace foreigners
-
3
What is happening at Hybe?
-
4
S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
-
5
Korea unveils tax reform bill to spur economy
-
6
Actor’s excessive airport security sparks probe into human rights violations
-
7
Man who let his father die due to financial difficulties to be released on parole
-
8
Actor Yoo Ah-in accused of sexual attack
-
9
S. Korea, China shifting from tensions to cooperation: Seoul
-
10
LG Electronics achieves record earnings in Q2