Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Medical reform committee kicks off despite boycott from doctors
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Hyundai’s 42dot to debut software-centric car tech at CES 2024
Hyundai Motor Group's self-driving mobility division, 42dot, revealed Friday that it will make its debut at the upcoming CES 2024 tech show in Las Vegas to showcase its software-driven vehicle technology. The technology integrates both software and hardware in automobiles, reflecting the digital advancements seen in smartphones and Tesla vehicles. Established in 2019 by Song Chang-hyeon, a former chief technology officer at Korean online platform Naver, 42dot has quickly emerged as a notabl
Dec. 22, 2023
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Hyundai Motor to detail hydrogen ecosystem and software vision at CES 2024
Hyundai Motor on Thursday shared a glimpse into its upcoming presentation at CES 2024 in Las Vegas, set for Jan. 8, previewing the company’s vision for a hydrogen-powered ecosystem and a future shaped by software innovations. The presentation, under the theme of "Ease every way," is scheduled from 1:00 p.m. to 1:45 p.m. Pacific Standard Time and will be livestreamed on Hyundai's global YouTube channel. Central to Hyundai's hydrogen strategy is the "Hydrogen Busines
Dec. 21, 2023
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LG Energy Solution secures 10 power grid projects in US
LG Energy Solution said Thursday its US subsidiary has landed 10 power grid supply deals in the fast-growing US energy storage system market since its launch last year. The projects' total energy storage capacity amounts to 10 gigawatt-hours, the firm said. Based in Texas, LG Energy Solution Vertech provides energy storage system integration services ranging from business solutions to installation, maintenance and repair. The venture was set up in February 2022 after the battery manufacture
Dec. 21, 2023
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[Test Drive] Kia refines family favorite with first hybrid Carnival
The Kia Carnival, a top choice for a family vehicle in South Korea, reflects the classic American family minivan. Three years after the success of the fourth generation, Kia is upping its game with a revamped Carnival lineup, most notably with its first-ever hybrid model that tackles the vehicle's main shortcoming: fuel efficiency. The hybrid model, entering its precontract phase last month alongside other models, has quickly attracted consumer attention, with hybrids making up 70 percent o
Dec. 20, 2023
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Record earnings propel Hyundai Motor to conduct most promotions ever
Hyundai Motor Group promoted 252 executives on Wednesday, the largest upper-level promotion ever in the company’s history, on the back of its record-high earnings this year as it looks to find future mobility leaders. Hyundai Motor said the promotions focused on preparing for the future as it speeds up its generational shift in leadership. Among the promoted, there are 197 newly appointed executives, of which some 38 percent are in their 40s. The conglomerate's proportion of those in their
Dec. 20, 2023
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LG Chem breaks ground on largest materials plant
LG Chem said Wednesday it broke ground to build a cathode materials manufacturing plant in the US state of Tennessee that is to be the largest production facility in the all-important electric vehicle market. LG Chem Vice President Shin Hak-cheol, Tennessee Gov. Bill Lee, Stuart McWhorter, commissioner at the Tennessee Department of Economic and Community Development, Cho Hyun-dong, South Korean ambassador to the US, and other company executives and government officials participated in the groun
Dec. 20, 2023
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[Photo News] Advanced air mobility
Supernal, Hyundai Motor Group's US-based urban air mobility firm, will take part in CES 2024, slated for January in Las Vegas, for the first time and exhibit its electric vertical takeoff and landing vehicle concept model. Hyundai Motor Group said Supernal will present its strategies to set up an ecosystem of advanced air mobility in the future at a media presentation on Jan. 9. (Hyundai Motor Group)
Dec. 20, 2023
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Hyundai Motor to sell auto plant in Russia
Hyundai Motor Group said Tuesday it has decided to sell its entire shares of its car manufacturing plant in Russia, which has been temporarily shut down because of Russia's invasion of Ukraine, to a Moscow-based company, ending a decadelong operation. The carmaker’s board of directors approved selling Hyundai Motor Manufacturing Russia in St. Petersburg, along with a General Motor plant it acquired in 2020 to the Russian automotive service firm Art-Finance. “We have reviewed var
Dec. 19, 2023
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Hyundai Motor donates W35b to charity
Hyundai Motor Group said Tuesday that it has donated 35 billion won ($26.8 million) to Community Chest of Korea, a nonprofit organization and state-sanctioned charity. The South Korean auto conglomerate has taken part in CCK’s year-end campaign for helping the underprivileged since 2003. Hyundai Motor said it increased this year’s donations by 10 billion won. According to the company, the auto giant’s accumulated amount of donations reached 394 billion won as of this year. &ldq
Dec. 19, 2023
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Harim takeover of debt-ridden HMM draws concerns
Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4 trillion won ($4.9 billion), industry sources said Tuesday. Outbidding rival Dongwon Group, the company is expected to take over the 57.9 percent stake owned by controlling shareholders of HMM -- the state-run Korea Development Bank and Korea Ocean Business Corp. The creditors have sought to get the shipper back on track t
Dec. 19, 2023
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[KH Explains] Why Hyundai Motor has no plan to adopt Apple’s upcoming CarPlay
Hyundai Motor Group could compete head-to-head with Apple in software, a domain where Apple, as the world's most valuable company, is known to excel, as the South Korean automaker is progressing toward its own software-defined vehicle vision that aims to incorporate its proprietary connected car operating system into all new models by 2025. This bold move could be part of its strategy to dominate in-car screens with its own software, potentially opening new revenue streams through content a
Dec. 18, 2023
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[Photo News] Team building
Kia held the championship round of its in-house League of Legends tournament on Friday at the automaker's training institute, the Kia Vision Square, in Yongin, Gyeonggi Province, the South Korean automaker said Monday. The company began its first in-house LoL tournament with 23 teams of 115 employees from Kia offices nationwide in November. On the sidelines of the championship round, professional esports players from the automaker-sponsored Dplus Kia team held an event match and competed ag
Dec. 18, 2023
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Korea’s car exports surge over 80% after COVID-19: report
South Korea’s car exports climbed 84.2 percent from January to September this year compared to 2019, while imports of electric vehicles and EV batteries from China gradually increased, a report showed Monday. The export volume surged to $50.5 billion in the cited period after the prolonged COVID-19 pandemic and global supply glitches, according to the Korea Automotive Technology Institute, or Katech. Compared to last year, exports of battery-powered cars and hydrogen fuel cell vehicles sky
Dec. 18, 2023
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KG Mobility to produce Torres EV in Saudi Arabia
KG Mobility, formerly SsangYong Motor, and Saudi National Automobiles Manufacturing Company, a licensed producer of international and domestic automobiles, signed a partnership agreement on Friday to assemble the carmaker's Torres EVX electric vehicle in Saudi Arabia. The agreement expands an existing deal between the companies for SNAM to manufacture KGM's internal combustion engine vehicles. Under the new pact, SNAM will augment production capabilities to assemble the all-electric To
Dec. 17, 2023
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Why Renault bets big on Polestar’s Busan production
Swedish electric-vehicle maker Polestar recently announced its plan to produce the new all-electric Polestar 4 at Renault Korea Motors’ Busan plant in 2025. The new partnership comes as Polestar, a spinoff from Volvo in 2017, is seeking to secure a bigger footing in the burgeoning EV market with a more diversified product lineup from the Polestar 2 sedan and the Polestar 3 sport utility vehicles to the latest Polestar 4 coupe-styled SUV. At a time when it is crucial to beef up its produc
Dec. 17, 2023
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[Herald Interview] Group14, SK Materials to operate Asia’s largest silicon plant for EVs
The joint venture between Washington-based Group14 Technologies and SK Materials, a chemical materials unit under Korea’s SK Group, will start the commercial operation of Asia’s first large-scale manufacturing plant for silicon battery materials in Sangju, North Gyeongsang Province, early next year. “(SK Materials Group14), the joint venture in Sangju, is the Asia’s first electric vehicle-scale silicon anode manufacturing facility that will go online very soon in the next
Dec. 17, 2023
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Sales of Hyundai, Kia in US exceed 1.5m this year
The combined vehicle sales of Hyundai Motor Co., South Korea's top carmaker, and its affiliate Kia Corp. in the United States surpassed 1.5 million units this year, according to industry data on Sunday. Hyundai and Kia sold 788,403 and 722,176 units, respectively, over the January-November period, the data showed. Hyundai's figures include sales of its independent Genesis brand, which also hit an annual record of 62,372 units. The combined figure marks the highest yearly sales since Hy
Dec. 17, 2023
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Hyundai Kona EV remains eligible for French EV incentives
Hyundai Motor's all-electric compact sports utility vehicle, the Kona Electric, will continue to be eligible for cash incentives offered by the French government to buyers of electric vehicles. Paris on Thursday released a list of 78 EVs from 22 brands eligible for the government incentives. According to the announcement, Kona was the only Korean vehicle that remained eligible, whereas Kia’s two hybrid vehicles -- the Niro and Soul -- were excluded from the list. The new eligibility l
Dec. 15, 2023
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Kia to unveil 5 new concept cars at CES 2024
Kia will present its future sustainable mobility strategies and unveil five new concept vehicles for the first time at the CES tech show in Las Vegas early next month, the Korean automaker said Thursday. Returning to CES for the first time since 2019, Kia said it will redefine the “Purpose-Built vehicle,” or PBV, the brand’s total mobility solution, to “Platform Beyond Vehicle” to offer experience-based values that suggest new business and lifestyles. The automaker
Dec. 14, 2023
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[Herald Interview] SES AI bolsters battery partnership with Hyundai Motor on EV, UAM
SES AI Corp., a Boston-based company pioneering in lithium-metal batteries, is strengthening business ties with Hyundai Motor Group in developing the next-generation power source for electric vehicles and Urban Air Mobility. “Of the three production lines in Korea, we are preparing one for developing B-Sample lithium-metal batteries for EVs in Uiwang, near Seoul, with Hyundai Motor Group,” said SES AI Corp. CEO Qichao Hu during an interview with The Korea Herald in Seoul on Wednesday
Dec. 14, 2023