Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
Samsung SDI seeks top US talent
Samsung SDI has embarked on a global journey to find the most talented professionals to advance the Korean company’s level of technology and take the lead in the secondary battery industry. The battery maker held this year’s first career fair at the Hyatt Regency Cambridge Hotel in Cambridge, Massachusetts on Saturday, inviting some 90 people working at top universities and research institutes in North America. Boston is home to Samsung SDI’s first research and development cent
Companies Aug. 4, 2024
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[KH Explains] Can Korea commercialize UAM in 2025?
Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sector. The Ministry of Land, Infrastructure and Transport has laid out the K-UAM roadmap with two-part demonstration projects of "Grand Challenges," or GC1 and GC2. The ministry explained that UAM, which mainly focuses on utilizing electric vertical take-off and landing, or eVTOL, aircraft to
Mobility Aug. 1, 2024
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Hanwha Aerospace logs record profit in Q2
Hanwha Aerospace posted record operating profit of 358.8 billion won ($260 million) in the second quarter thanks to arms exports to Poland, the Korean defense firm said Wednesday. According to the company, operating profit surged by 357 percent compared to the second quarter of last year. Hanwha Aerospace logged 2.79 trillion won in revenue, up 46 percent on year. The earnings exceeded market expectations. Hanwha explained that the delivery of six units of K9 self-propelled howitzers and 18 unit
Companies July 31, 2024
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NCSoft invests $3.5m in Sweden's Moon Rover Games
NCSoft announced Tuesday that it had invested $3.5 million in Swedish game studio Moon Rover Games, as the Korean game company continues seeking future growth engines to expand its gaming portfolio and global market. Moon Rover Games was established in 2022 by a group of developers who had taken part in creating global hit first-person shooters such as the Battlefield series, Far Cry and Tom Clancy’s The Division. Moon Rover Games is currently developing an FPS titled Project Aldous, based
Companies July 30, 2024
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Hyundai Motor accelerates air mobility business in Indonesia
Hyundai Motor and Kia demonstrated their advanced air mobility in Indonesia as they demonstrated a flying aircraft and hailing procedure at the Samarinda Airport in East Kalimantan on Monday. With officials from Indonesia’s Ministry of Transportation and Nusantara Capital City Authority in attendance for the presentation, the automakers explained how ride-pooling application Shucle and specialized aircraft can be developed to fit the circumstances of the local customers and advanced furthe
Mobility July 29, 2024
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Hyundai Motor’s decadeslong support for Korean archery shines in gold at Olympics
South Korea's female archers continued to rewrite history as they won the Olympic gold medal in the women's archery team event in Paris on Sunday, extending the winning streak to a 10th consecutive title. Behind the archery team’s efforts, there was Hyundai Motor Group’s unwavering support that began in 1985. The auto conglomerate’s 40-year-long sponsorship of the Korea Archery Association marks the longest for a single sports association here. Hyundai Motor Group beg
Companies July 29, 2024
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[Test Drive] Kia EV3 takes regenerative braking to next level
Kia is going all-out to turn around the slowing growth of electric vehicles with the launch of its latest all-electric vehicle EV3 as the Korean automaker has developed an affordable, all-around EV. The Korea Herald got to check out the Kia EV3 long-range model with 17-inch wheels for a test drive last week. The 201-kilometer course included city drive, highways and winding roads between Seoul and the eastern city of Sokcho in Gangwon Province. Categorized as a subcompact crossover sports utilit
Mobility July 28, 2024
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Kia posts record operating profit in Q2
Kia logged another record profit in the second quarter on Friday, driven by an enhanced product mix, higher average selling price and favorable exchange rates. During the April-June period, Kia achieved two new records -- 3.64 trillion won ($2.63 billion) in operating profit and a 13.2 percent operating profit margin -- in second-quarter earnings, continuing to break records for two straight quarters. The automaker’s quarterly operating profit increased by 7.1 percent in comparison to the
Mobility July 26, 2024
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[Herald Interview] 'Lamborghinis will always have steering wheel'
Automakers around the world are racing to develop advanced technology in autonomous driving and battery-powered vehicles. But for Italian luxury supercar brand Lamborghini, those are not the main concerns. “Lamborghini will always have a steering wheel in the cars,” said Stephan Winkelmann, CEO of Automobili Lamborghini in a video interview with a group of Korean reporters after the opening ceremony of Lamborghini Bundang in Gyeonggi Province. “We might have assisted driving
Mobility July 25, 2024
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Genesis to sponsor New York's Met through new art initiatives
Hyundai Motor Group’s premium auto brand Genesis on Wednesday announced a five-year partnership with the Metropolitan Museum of Art in New York to provide various inspirational experiences for global audiences visiting the museum. The partnership marks the beginning of Genesis Art Initiatives, established to celebrate art as an authentic experience to discover truly meaningful and valuable aspects of life. Genesis will support the Met’s annual contemporary art commission series for t
Mobility July 24, 2024
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Hanwha-HD Hyundai rivalry shifts to US warship maintenance
The competition between Korean conglomerates Hanwha and HD Hyundai to expand their work with the US Navy has heated up as both secured key certification for maintenance and repair projects this month. Hanwha Ocean, which was known as Daewoo Shipbuilding and Marine Engineering before Hanwha Group’s acquisition last year, said Monday that it had signed a master ship repair agreement (MSRA) with the US Naval Supply Systems Command to secure the right to bid for maintenance, repair and operati
Mobility July 22, 2024
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Korea logs record US trade surplus in 1st half amid surging Trump risks
South Korea logged an all-time high trade surplus with the United States in the first half of this year based on strong auto exports, as the country monitors the US presidential race carefully and the chances of a second Donald Trump administration’s heavy protectionism. According to the Ministry of Trade, Industry and Energy and Korea International Trade Association on Sunday, Korea posted a record US trade surplus of $28.7 billion from January to June this year, up 55.1 percent from the
Economy July 21, 2024
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[Exclusive] BlueOval SK’s Kentucky plant to start production in 1st half of 2025: official
BlueOval SK, a joint venture between Korean battery maker SK On and US automaker Ford, will begin mass production of batteries at its first plant in Glendale, Kentucky, in the first half of next year, a company official said Wednesday. “We are very excited about Kentucky 1 going online, the first of our three plants,” said Keli McAlister, external affairs director at BlueOval SK in an interview with The Korea Herald in Seoul. “There’s a lot of moving parts in a project th
Mobility July 18, 2024
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[단독] SK온·포드 美합작사 블루오벌SK, 켄터키 1공장 내년 상반기 양산 시작
SK온이 포드와 합작으로 짓고 있는 미국 배터리 공장이 이르면 내년 상반기 양산을 시작할 것으로 확인됐다. 블루오벌SK 캘리 맥알리스터 대외협력 총괄은 수요일 코리아헤럴드와의 인터뷰에서 켄터키 1공장이 내년 상반기 완공과 동시에 생산을 시작할 것이라고 밝혔다. 지난 주말 방한한 그는 “켄터키 1공장이 준비 중인 세 공장 중 가장 먼저 가동된다는 것에 굉장히 흥분된다”며 “장비 설치가 이미 시작됐다”고 설명했다. 2022년 SK온과 포드는 총 114억 달러를 투자해 합작사 블루오벌SK를 공식 출범시켰다. 켄터키주와 테네시주에 배터리공장이 각 2개, 1개 설립될 예정이고 이곳에서 생산된 배터리들을 포드의 전기차에 탑재한다는 계획이다. 미국 전기차 시장 성장세가 둔화하면서 지난 4월 포드는 신규 전기차 출시를 연기한 바 있다. 이에 블루오벌SK의 양산계획에도 차질이 생기는 것이 아니냐는 일부 우려가 있었다. 맥알리스터 총괄은 “전기차
한국어판 July 18, 2024
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SK Innovation shuffles affiliates to cope with EV slump, lead future energy sector
SK Innovation on Thursday vowed to create synergy and lead the global energy sector through the realignment of its affiliates by merging itself with SK E&S and amalgamating battery-maker SK On with SK Trading International and SK Enterm. “We decided the merger with SK E&S to lay the groundwork for the growth of future energy businesses and push for a bold, structural innovation,” said Park Sang-kyu, CEO of SK Innovation, in a press conference at the SK Seorin Building in Seou
Companies July 18, 2024
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