Articles by Moon Joon-hyun
Moon Joon-hyun
mjh@heraldcorp.com-
Doosan, LG team up to debut EV charging robot
Doosan Robotics has teamed up with LG Electronics to test an automated electric vehicle charging system that uses its advanced collaborative robots to streamline the EV charging process. This system combines LG’s 100-kilowatt fast chargers with Doosan’s high-dexterity collaborative robotics tech to replace the manual process of handling bulky charging cables that drivers often find cumbersome. The companies started a pilot operation for their new automated EV charging station last Th
Mobility April 16, 2024
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BMW purchases over $4.7b Korea-made parts in 2023
BMW Group Korea said on Monday that in 2023, BMW Group’s global spending on parts sourced from Korean suppliers totaled approximately 6.53 trillion won ($4.72 billion), surpassing its own sales figures within the country for that year. The global group’s procurement from Korean suppliers increased by 25 percent compared to 2022, and even exceeded the Korean branch’s sales revenue, which was around 6.10 trillion won last year. Major contributors to this supply chain include dome
Mobility April 15, 2024
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[KH Explains] How should Korea adjust its trade defenses against Chinese EVs?
Korea, home of the world’s third-largest automaker, Hyundai Motor Group, finds itself at a critical juncture as the rise of Chinese-made electric vehicles in the domestic market poses a complex challenge: how to protect national interests while embracing the inevitable shift toward electrification. Unlike the United States and the European Union, which perceive Chinese EVs as a grave security threat, experts argue Korea should adopt a more nuanced regulatory strategy. This involves refinin
Mobility April 15, 2024
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Hyundai to start hydrogen vehicle trials in Guangzhou this year
Hyundai Motor Group plans to expand operations at its HTWO Guangzhou facility -- its first overseas hydrogen fuel cell system production plant -- by initiating pilot projects for commercial hydrogen fuel cell vehicles this year. Lee Hyuk-joon, executive vice president of Hyundai Motor Group China, detailed the initiative Tuesday at the 10th Annual Guangzhou International Investment Conference. Hyundai HTWO is a dedicated brand created by the Hyundai Motor Group to represent their hydrogen fuel c
Mobility April 12, 2024
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Korean auto exports hit record $17.5 billion in Q1
Korean automobile exports reached a record $17.5 billion in the first quarter of this year, marking a 2.7 percent increase from the same period last year, according to the Ministry of Trade, Industry and Energy on Thursday. Automobile exports surged to $6.2 billion in March alone, following a slight dip to $5.2 billion the previous month. This boost was largely driven by the robust performance of hybrid vehicles, which did not include plug-in hybrids. Hybrid vehicle exports in March soared to a
Mobility April 12, 2024
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Kia unveils new pickup brand Tasman
Korean automaker Kia on Thursday officially unveiled its first-ever pickup truck, the Kia Tasman, setting its sights primarily on the Australian market with a diesel-powered model planned for 2025. The Tasman, whose name pays homage to the Tasman Sea that lies between Australia and New Zealand, represents Kia's most direct nod to Australian culture. It is the first Kia product to bear an Aussie-inspired name. The name also reflects the country’s deep affinity for pickup trucks, colloquiall
Mobility April 11, 2024
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HD Korea Shipbuilding opens decarbonization R&D center
Korean shipyard conglomerate HD Korea Shipbuilding & Offshore Engineering said Sunday it has launched a new research and development facility dedicated to comprehensive testing of decarbonizing maritime technologies. The Marine Innovative Decarbonization R&D facility, located at the HD Hyundai Heavy Industries yard in Ulsan, was inaugurated in a ceremony attended by key executives, including HD Korea Shipbuilding & Offshore Engineering CEO Kim Sung-joon and Hyundai Mipo Dockyard CEO
Industry April 7, 2024
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LG Energy Solution breaks ground on $5.5b Arizona battery complex
LG Energy Solution has started construction on its second stand-alone battery manufacturing complex in the United States, located in Arizona, with a groundbreaking ceremony and stakeholder meeting on Wednesday. Announced last year, the $5.5 billion project will stand out as the first of its kind in North America, dedicated entirely to the production of cylindrical batteries for EVs and lithium iron phosphate pouch-type batteries for energy system solution applications. The company aims to comple
Industry April 4, 2024
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Renault Korea announces rebrand for fresh start
Renault Korea, the Korean branch of the French automotive firm, announced on Wednesday a significant rebranding initiative and the 2025 launch of the Renault Scenic E-Tech, an all-electric compact crossover SUV, in the Korean market. The announcement was made during a press conference at the Renault Seongsu flagship store in eastern Seoul. The rebranding sees Renault Korea shedding its previous moniker, Renault Korea Motors, in favor of a sleeker identity that simply reads "Renault Korea.&q
Mobility April 3, 2024
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HD Hyundai Marine Solution ready for record IPO
HD Hyundai Marine Solution, an industry leader in ship life cycle maintenance formerly known as Hyundai Global Service, has detailed a growth framework for its stock market debut as it gears up for what is expected to be Korea's largest initial public offering in the first half of 2024. The company held a press conference on Tuesday at the company's Global Research and Development Center in Seongnam, just south of Seoul, as it prepares to join the Korea Composite Stock Price Index in M
Industry April 3, 2024
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[Herald Interview] Seoul anchors Rolls-Royce's Asian luxe
Seoul is soon to be the third city hosting a Rolls-Royce Motor Cars Private Office, an exclusive design studio where clients can work closely with bespoke managers and designers to create their own custom Rolls-Royce. “The Seoul Office covers clientele from the whole Asia-Pacific, not just Korea, like the Dubai Office is for the Middle East and the Shanghai Office for China. Believe me, our team looked at 60 places across Asia for a whole year to find the perfect spot. And we’ve dete
Mobility April 2, 2024
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[KH Explains] Korean shipbuilders eye US yards to tap Navy's lucrative repair deals
Korean automotive, battery and semiconductor titans have been navigating their investments toward American shores, driven by incentives from the Inflation Reduction Act and the CHIPS and Science Act of 2022. Now, the Jones Act and Byrnes-Tollefson Amendments might beckon Korean shipbuilders to American waters. HD Hyundai Heavy Industries and Hanwha Ocean are setting their sights on acquiring American shipyards, specifically to tap into the maintenance, repair and overhaul (MRO) business. HD Hyun
Industry April 2, 2024
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Hyundai Motor grabs triple win in World Car Awards
Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The World Car Awards is an annual event organized by automotive journalists globally to honor excellence in the car industry across multiple categories. This accolade marks the third consecutive victory for Hyundai Motor Group in the World Car of the Year and World Electric Vehicle of the Year categories, be
Mobility April 2, 2024
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[From the Scene] Extreme climates to battery cells: Inside Hyundai's safety efforts
Hyundai Motor Group, having climbed to the rank of the second-largest electric vehicle seller in the United States last year just behind the trailblazer Tesla, recently took reporters behind the scenes to reveal the backbone of their success: a commitment to safety amid the industry's sprint toward longer battery ranges and fast charging. On Wednesday, the press was invited to the automaker's Namyang Technology Research Center in Hwaseong, Gyeonggi Province, to witness firsthand the safety testi
Mobility March 31, 2024
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Posco Future M named in Fortune's top 30 Asian innovators
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in Hong Kong on Wednesday. Posco Future M's progress from traditional industrial materials to leading-edge sectors like cathode material production has been marked by significant achievements, includin
Industry March 28, 2024
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