Korean battery makers Samsung SDI and LG Energy Solution are putting considerable effort into boasting their latest technologies in the commercial electric vehicle sector at the ongoing IAA Transportation 2024 in Hanover, Germany. The IAA, currently being held from Sept. 17-22, is one of the largest auto exhibitions in the world and alternates its focus between passenger and commercial vehicles each year. This year’s theme is commercial vehicles. Samsung SDI has presented a lineup of nex

Mobility Sept. 18, 2024

Hyundai Motor Group and General Motors have joined forces to explore collaboration in vehicle development, supply chain and clean energy technology, officials announced Thursday. According to the announcement, the top leadership from each auto giant -- including Hyundai Motor Group Executive Chair Chung Euisun and GM CEO Mary Barra -- recently met at Genesis House New York and signed a memorandum of understanding to seek future collaboration across key strategic areas. Hyundai Motor and GM -- th

Mobility Sept. 12, 2024

BMW Group opened its newest charging station named BMW Charging Hub Lounge in central Seoul on Thursday, continuing to build upon the German automaker’s commitment to Korea’s electric vehicle transformation. According to BMW Group Korea, Seoul’s new charging facility has six 200 kilowatt-hour chargers and an indoor lounge including a cafe. The chargers will be open for other brands’ EVs as BMW aims to offer all EV drivers comfort and an opportunity to check out its newest

Mobility Sept. 12, 2024

Nexon on Wednesday announced its decision to split off Mintrocket, the South Korean game company's sub-brand known for its hit title, "Dave the Diver," in the effort to bolster its autonomy and create a more innovative environment for developing games. Mintrocket, which began as Nexon's sub-brand in 2022 under the motto of "creative and speedy development," came up with "Dave the Diver" -- a single-player, action-adventure game that requires players to con

Companies Sept. 11, 2024

Hanwha Group’s three affiliates -- Hanwha Aerospace, Hanwha Ocean and Hanwha Systems -- have set out to find the best talent to take the lead in global defense, aerospace and maritime into the future. According to Hanwha on Wednesday, the three firms plan to hire some 600 university graduates looking for their first jobs in the second half of this year, marking the biggest number of new employees for the three companies in either half of the year in at least over a decade. Hanwha Aerospace

Companies Sept. 11, 2024

Hanwha Aerospace and SK Enmove announced Tuesday that they have developed the world’s first non-flammable energy storage system, or ESS, seeking to secure the lead in the eco-friendly maritime solution sector. The two companies under two of Korea’s largest conglomerates -- Hanwha Group and SK Group -- showcased the liquid immersion cooling ESS technology and how it fills up a lithium-ion battery module with thermal fluids to reduce the chances of a fire to zero. “Safety is a pr

Technology Sept. 10, 2024

Samsung SDI has decided to sell its polarizing film business to China’s Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($833.3 million) as the company aims to focus on honing the competitiveness of its electronic materials unit, the Korean battery maker said Tuesday. Polarizing films, optical films that allow displays to show an image by controlling the amount of light, affect the image quality of the screen. According to the company’s regulatory filing, Samsung SDI&rsqu

Companies Sept. 10, 2024

NCSoft is seeking answers to rebound with new titles and managerial overhauling efforts amid its falling stock price, as the first-generation South Korean gaming powerhouse hopes to get back to the throne. Experts forecast that the success of new games NC plans to roll out and reorganization of human resources will determine whether the game developer can turn things around in the short term. Plummeting shares NC’s stock has been practically in a free fall since reaching its peak at 1.

Companies Sept. 8, 2024

The South Korean government said Friday it will certify the safety of electric vehicle batteries beginning October, four months ahead of the initial plan, as it rolled out various measures to prevent EV fires. According to the government’s EV fire safety management measures, both domestic and imported auto brands will be subject to the authorities’ EV battery certification requirement. The government will disclose the information of the battery cell manufacturer, battery type and key

Mobility Sept. 6, 2024

Hyundai Motor Group Executive Chair Chung Euisun (center) speaks during the second Trilateral Executive Dialogue, or TED, a leadership seminar between South Korea, the United States and Japan, held at Grand Hyatt Seoul on Wednesday. Hyundai Motor Group sponsored this year's TED, which gathered some 100 key figures from the three countries’ governments, assemblies and corporations to discuss strategic trade and investment, biotechnology security, energy cooperation, and the role of tec

Mobility Sept. 4, 2024

SK Group Chairman Chey Tae-won discussed ways to bolster economic cooperation between South Korea and the United States with a group of US senators on Tuesday in Seoul and asked them for bipartisan efforts to support Korean companies, the Korean conglomerate said Wednesday. “SK Group has been setting up semiconductor ecosystems in both Korea and the US, and through this, we will be able to contribute to strengthening the two countries’ (artificial intelligence) leadership,” sai

Companies Sept. 4, 2024

Hyundai Motor Group announced Tuesday that it will sponsor the second Trilateral Executive Dialogue, or TED, a leadership seminar between South Korea, the United States and Japan, set to take place at Grand Hyatt Seoul on Wednesday. TED, which held its first gathering in San Francisco last year, aims to explore opportunities for democracy and shared prosperity through in-depth discussions on expanding the trilateral ties’ comprehensive mutual benefits such as economic development and natio

Mobility Sept. 3, 2024

The all-new Colorado, the latest generation of the Chevrolet’s pickup truck, has returned as a well-rounded off-roader featuring an impressive powertrain and unexpectedly comfortable driving experience. The Korea Herald checked out the newly launched American pickup in a recent test drive including both on- and off-road courses in Seoul and Gyeonggi Province. Measuring 5,410 millimeters in length, 1,905 mm in width and 1,810 mm in height with a wheelbase of 3,337 mm, the new Colorado looke

Mobility Sept. 2, 2024

Hanwha Ocean has secured Korea’s first warship maintenance project from the United States Navy, pioneering the market for the country’s maritime defense industry. According to Hanwha Ocean on Thursday, the company landed a depot maintenance contract for the US Navy’s 40,000-ton-class auxiliary ship. The company explained that the project was only open to those who had signed a master ship repair agreement (MSRA) with the US Naval Supply Systems Command. Hanwha Ocean announced i

Companies Aug. 29, 2024

Hyundai Motor Company and Kia have paved the way for their future investment plans as they recently received triple 'A credit' ratings from the leading credit rating agencies in the world. Hyundai and Kia -- Hyundai Motor Group's two automakers -- stand as one of the only four auto brands worldwide to have all A credit ratings from Fitch, Moody's and Standard & Poor's along with Toyota, Honda and Mercedes-Benz. The Korean automakers said they plan to speed up the pus

Companies Aug. 29, 2024