Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
EV expo shines light on SMEs, innovators, discusses future of carbon-free tech
SEOGWIPO, Jeju Island -- As the first and only exhibition entirely on electric vehicles, the International EV Expo kicked off its four-day run in the southern part of Jeju on Wednesday to offer wider business opportunities for small and medium-sized companies seeking to ride the wave of carbon-free evolution.The sixth edition of the expo has opened its doors to up-and-coming companies and is presenting international conferences looking back on the development of electric vehicles and the market
Mobility May 8, 2019
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EV expo kicks off in Jeju to promote zero-emission tech
Businesspeople, experts, investors and government representatives from around the world will gather on the South Korean resort island of Jeju to promote carbon-free mobility technology at an international exhibition that kicks off Wednesday. The sixth annual International Electric Vehicle Expo -- the world’s first and largest event dedicated entirely to EVs and EV components, technology and infrastructure -- runs May 8-11 at International Convention Center Jeju, organizers said Monday. Ioniq (Hy
Mobility May 6, 2019
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Renault Samsung halts Busan plant operation for 3 days
Amid ongoing labor disputes, the management of Renault Samsung has decided to suspend operations at its plant in the southeastern port city of Busan for three days starting Monday. It is the first time operations of the Busan plant have been temporarily suspended by the management, not by unionized workers who have staged partial strikes for months. Renault Samsung's Busan plantThe move is widely viewed as an attempt by the management to realign its strategy before reengaging in labor negotiati
Mobility April 29, 2019
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Yonsei University unveils plan with Samsung to nurture talent
A South Korean university is launching a new department in cooperation with Samsung Electronics to nurture future talent in the field of system chips. Yonsei University said Thursday it would open a system chip engineering department starting from the class of 2021, in partnership with Samsung Electronics. The undergraduate program, funded by South Korea’s biggest chipmaker, is designed to educate future talent under the condition that all students will be hired by the company as soon as they gr
Technology April 25, 2019
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SK denies $1b investment in Vietnam’s Vingroup
SK has denied local reports that the conglomerate is gearing up for a $1 billion investment in Vietnam’s largest private company Vingroup.“We have been reviewing a number of investment cases, but there is no such case confirmed yet,” the company’s spokesman said. (Yonhap)News reports said the nation’s third-largest conglomerate will soon invest $1 billion to acquire shares of Vingroup through its overseas investment arm SK South East Asia Investment. Based in Singapore, SK’s investment unit was
Industry April 24, 2019
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Posco pursues eco-friendly business with steel byproducts
Steelmaking itself is not environment-friendly, but its byproducts can be, South Korean steel giant Posco said Monday, citing its application of slag and gases to the company’s conservation projects and businesses. On average, in the process of making 1 metric ton of steel around 600-700 kilograms of byproduct is produced, mostly slag. Posco’s Triton is installed for marine life conservation. (Posco)Slag, if the lime is separated, can be used as a fertilizer to improve the production of rice ar
Industry April 22, 2019
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Hyundai Motor hires ex-Nissan CPO to boost sales in Americas
South Korean auto giant Hyundai Motor has named Jose Munoz, a former Nissan executive, as global chief operating officer in charge of sales in the Americas, the company said Friday. Munoz is to oversee the performance of the carmaker’s regional offices in North America and Latin America, the company said, announcing his appointment as president and CEO of both Hyundai Motor North America and Hyundai Motor America. He will play a leading role in improving the overall profitability of the carmaker
Mobility April 19, 2019
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Ex-Kumho chief bids adieu to Asiana Airlines
Former Kumho Asiana Chairman Park Sam-koo on Tuesday sent out a letter to the staff of Asiana Airlines apologizing for having to let go of the air carrier that was his “everything,” a day after the board of directors decided to put it up for sale to tackle the group’s liquidity crisis.“It is with a shameful and embarrassing heart as a person that has been leading the group to have had to come to this decision that must have sent all of you into shock and confusion,” Park said in the letter poste
Industry April 16, 2019
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Scientists unveil 'first' 3D print of heart with human tissue, vessels
TEL AVIV (AFP) -- Scientists in Israel on Monday unveiled a 3D print of a heart with human tissue and vessels, calling it a first and a "major medical breakthrough" that advances possibilities for transplants. Israeli scientist Tal Dvir from Tel Aviv University holds a transparent cup containing what the university says is the world?s first 3D-printed, vascularised engineered heart, during a demonstration at a laboratory in the university, Tel Aviv, on Monday. (Reuters)The heart, about the size
World News April 15, 2019
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Why is SK mentioned as prime bidder of Asiana Airlines?
With the nation’s second-largest flagship carrier now up for sale, speculation is rampant as to who will acquire Asiana Airlines, with the unlikely candidate SK Group -- a telecommunications-to-chips giant that has no business experience in transportation -- emerging as a potential dark horse.The nation’s third-largest conglomerate has so far denied all rumors it is interested in acquiring the heavily indebted air carrier. But market analysts continue to point at its sizeable capital resources,
Industry April 15, 2019
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[News Focus] Automakers in dilemma over falling exports, pressure for job protection
Amid a rising tide of trade protectionism, Korean carmakers are facing a dilemma between producing abroad or at home, where labor agreements force them to maintain staffing levels at high wages.Producing a vehicle in South Korea using highly paid workers costs a lot more than in emerging markets with cheaper labor such as in China, Southeast Asian countries and even Eastern Europe. The low profitability of vehicles made in Korea due to high tariffs has been also cited as a hurdle for Korean auto
Mobility April 15, 2019
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Hyundai invests in CODE42 for mobility solution development
Hyundai Motor has invested in CODE42.ai, a local startup founded by a former chief technology officer for Naver, to strengthen their partnership by developing an open platform for the new mobility-as-a-service market.The carmaker’s de facto chief, Executive Vice Chairman Chung Eui-sun, recently met Song Chang-hyun, CEO and founder of CODE42, to strengthen their partnership on a smart mobility solution called the Urban Mobility Operating System, the company said in a statement. Hyundai Motor Exe
Mobility April 15, 2019
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[Newsmaker] Korea welcomes WTO ruling, vows to continue import ban on Japanese seafood
The South Korean government on Friday welcomed a ruling by the World Trade Organization that upheld the government’s import ban on Japanese seafood in the wake of the 2011 Fukushima disaster.“The government has been making all-out efforts to follow the principle of making the health and safety of the people a priority, and the government highly appraises the WTO’s decision,” the Ministry of Trade, Investment and Energy said in a statement, adding that it would continue the import ban on Japanese
Industry April 12, 2019
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Hyundai presents Santa Fe to South Korean soccer head coach for Vietnam
Hyundai Motor and local partner Thanh Cong Group in Vietnam have presented a Santa Fe to Park Hang-seo, the South Korean coach currently leading the Southeast Asian nation’s national football team. The SUV given to Park was assembled at a complete knock-down plant the two companies completed in a joint venture early this year. “We offer Santa Fe to Park Hang-seo who has given pride to Vietnamese people, so that he could do better,” a Hyundai official said.
Mobility April 12, 2019
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Hyundai to test run 1-MW fuel cell generator in Ulsan
Hyundai Motor said Thursday it has signed a memorandum of understanding with Korea East-West Power Co. and Deokyang, a local hydrogen producer, to test run a 1-megawatt fuel cell generator in the nation’s southeastern city Ulsan.Under their partnership, Hyundai will set up fuel cell power generation system, while EWP, an affiliate of state-run Korea Electric Power Corp., will maintain the hydrogen-powered system and sell electricity generated from the plant. The hydrogen gas will be supplied by
Industry April 11, 2019
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