Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
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
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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
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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
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[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
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[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
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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
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[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
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[BIMOS 2024] Kia showcases EV mass appeal
BUSAN -- Kia on Thursday outlined its vision for realizing an all-electric vehicle ecosystem with the lineup of various EVs and purpose-built vehicles, or PBVs, at the 2024 Busan International Mobility Show. The second largest automaker by sales under Hyundai Motor Group displayed its EV portfolio spearheaded by the latest subcompact crossover electric sports utility vehicle the EV3 at the biannual auto exhibition that will be open for the public from Friday to July 7 at Bexco in Busan. The auto
Mobility June 27, 2024
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[BIMOS 2024] Hyundai Motor premieres Casper Electric
BUSAN -- Hyundai Motor debuted the Casper Electric, the Korean automaker’s newest small all-electric sports utility vehicle, at the 2024 Busan International Mobility Show held at Bexco on Thursday. Hyundai Motor underscored that the Casper Electric is expected to lay out new standards to lead the popularization of EVs, with its unique marketability and affordable price. Equipped with a 49-kilowatt-hour nickel, cobalt and manganese -- or NCM -- battery, the EV boasts 315 kilometers of drivi
Mobility June 27, 2024
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[BIMOS 2024] Renault Korea eyes breakthrough with new SUV
BUSAN -- Renault Korea premiered the Grand Koleos, the first new car from the French automaker in four years, at the 2024 Busan International Mobility Show on Thursday as the brand vowed to turn around its ailing sales in the local market. “This car perfectly embodies our core values of design: human-centric focus and modernity,” said Renault Korea CEO Stephane Deblaise in a press conference at Bexco. “We are excited to launch the new Grand Koleos as a world premiere, highlight
Mobility June 27, 2024
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Hyundai Motor to seek breakthrough in Japan with Casper Electric
Hyundai Motor is hoping its newest all-electric small vehicle, the Casper Electric, will allow it to break through in the Japanese market, a near wasteland for the Korean automaker. According to Hyundai Motor, the Casper Electric will be unveiled for the first time during press day at the Busan International Mobility Show on Thursday. This year’s auto event will last through July 7. The Casper Electric is expected to hit the Japanese market next year after going on sale in Korea in the sec
Mobility June 23, 2024
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Hyundai Mobis adopts sonic AI to assess quality
Hyundai Mobis, a South Korean auto parts developer under Hyundai Motor Group, said Wednesday that it has developed a sound-based artificial intelligence system that can determine the accuracy of product quality from sounds generated during inspection. It has applied the AI technology at its manufacturing site. According to Hyundai Mobis, a new technology called Acoustic AI has been installed at its Changwon plant in South Gyeongsang Province, which rolls out motor-driven power steering products.
Mobility June 19, 2024
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[Herald Interview] Georgia promises stability for companies at time of uncertainty
The US state of Georgia can provide stability for businesses when companies face uncertainties with the upcoming US presidential election, Gov. Brian Kemp said Monday in Seoul. “In a time of uncertainty, Georgia has the one certain thing that you will get a constant good business environment,” said Kemp in an interview with a group of reporters on the sidelines of the Georgia Night in Korea, a networking event held at Conrad Seoul on Monday evening. “No ups and downs. That'
Industry June 18, 2024
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'Korea's Space X' Innospace to go public in July
Innospace, a South Korean startup specializing in developing hybrid space rockets, said Monday that it will go public on the country’s tech-heavy bourse Kosdaq next month, spearheading the private sector’s space shuttle era. “In order to commercialize space projects such as data services using communications and Earth-observing satellites, space exploration, space travel and asteroid mining, space launch vehicles, which can carry satellites, people and supplies to space, are a
Companies June 17, 2024
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[팟캐스트] (593) 끝도 없이 오르는 외식 물가에 대안으로 떠오른 곳은?
진행자: 간형우, Kevin Lee Selzer Sales of warehouse stores rise amid high dining-out costs 기사 요약: 외식 물가 상승으로 인한 반사 이익으로 매출 증가 겪는 대형마트들 [1] Warehouse stores in Korea have seen a rise in sales, drawn by bulk sizes of fresh ingredients at lower prices as people opt for cooking at home rather than eating out, amid increasing prices. *warehouse store: 창고형 매장 (대형마트) *bulk: 큰, 대부분 *opt for ~ : ~을 선택하다 [2] From January through April, sales of Traders Wholesale Club, the warehouse-type discount store owned b
Podcast June 17, 2024
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