Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
SsangYong Motor to renew Korando in 8 years in March
SsangYong Motor plans to renew its signature sport utility vehicle Korando in eight years next month, the company said Monday.Unveiling a teaser image of the vehicle, the company said it has the most “flamboyant” digital interface, state-of-the-art tech features and a sophisticated body design. The vehicle, code-named C300, is a successor to the Korando C SUV upholding the legacy of the 37-year-old brand. Korando is the oldest SUV brand in South Korea.A teaser image of Korando (SsangYong Motor)T
Mobility Jan. 28, 2019
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SK chief stresses businesses’ role of generating social value at Davos forum
SK Group Chairman Chey Tae-won stressed the role of businesses in creating a sustainable economy in a discussion session on the sidelines of the World Economic Forum in Davos, Switzerland, the company said Friday.At a session jointly hosted by Boston Consulting Group, the head of South Korea’s second-largest conglomerate shared his experience of pursuing ways to promote the sharing economy nationwide by facilitating tangible and intangible assets held by his companies.Taking an example of SK Inn
Industry Jan. 25, 2019
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Hyundai Motor heir named co-chair of Hydrogen Council
Hyundai Motor Executive Vice Chairman Chung Eui-sun has been named co-chair of the Hydrogen Council, a global alliance of hydrogen technologies launched to promote the energy transition from fossil fuels, the organization said Thursday.Chung replaces Yang Woong-chul, a former vice chairman of Hyundai Motor who left the carmaker late last year, and joins incumbent Co-chair Benoit Potier, chairman and CEO of Air Liquide, to lead the council for the next two years. (Yonhap)The Hydrogen Council said
Mobility Jan. 24, 2019
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Hyundai Motor to set up joint sales venture in Vietnam
Hyundai Motor has signed a memorandum of understanding with Vietnam’s Thanh Cong Group to set up a joint sales venture as part of efforts to expand its presence in the Southeast Asian country, the company said Thursday.Under the agreement, the companies will work together to expand sales and after-service networks to cater to growing demand in the country’s auto market. Vietnam’s auto market grew 27 percent last year. (Hyundai Motor)Established in 1999, Thanh Cong Group is a Vietnamese conglomer
Mobility Jan. 24, 2019
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Kia’s New Soul gets power, sleekness
Targeting 20-something first-time car buyers, South Korean carmaker Kia Motors unveiled the third-generation model of its signature compact sports utility vehicle, the Soul, Wednesday, highlighting its upgraded power, high-tech features and competitive price. Returning to the market for the first time in six years, the Soul Booster boasts a 1.6-liter turbo engine that can produce up to 204 horsepower or 27 kilogram-meters of torque, making it the most powerful car in the CUV segment. Kwon Hyeok
Mobility Jan. 23, 2019
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McDonald’s McDelivery scooters to go all green by 2021
McDonald’s in Korea will replace all of its motorbikes used for its delivery service with electric scooters by 2021, the Korean branch of the fast food chain said Tuesday.“In the next three years, we are going to replace around 1,400 vehicles (operated by) restaurants under direct management with electric bikes,” it said in a statement. Electric bikes are lined up at a McDonald's chain in Jeju. (McDonald's Korea)The fast food giant has placed around 40 electric bikes late last year for its opera
Mobility Jan. 22, 2019
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Hyundai Mobis secures record $1.7b worth of overseas orders
South Korean auto parts-maker Hyundai Mobis has secured $1.7 billion worth of overseas orders from foreign carmakers last year, marking a record on-year increase of 40 percent, the company said Tuesday.Overseas sales of core auto components by the company have also shown rapid growth, having shot up from $500 million in 2015 to $1.2 billion in 2017. (Hyundai Mobis)The company has secured around 60 percent of its overseas orders -- worth $1 billion -- from electric vehicle manufacturers from Chin
Mobility Jan. 22, 2019
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[Behind The Wheel] Tale of two sports cars in wintery Korea
Driving a sports car on slippery roads in wintertime is definitely not a smart thing to do, but can be fun if you know how to handle the adrenaline-stimulating horsepower from a turbocharged engine. And the advanced safety features of the latest sports cars to hit the market, including GM’s all-new Camaro and Mercedes-Benz’s 400 d 4Matic, ensure a driving experience that’s fun but not terrifying.Mercedes-Benz`s CLS 400 d 4 Matic run on slippery roads on Dec. 13, 2018. (Cho Chung-un/The Korea Her
Mobility Jan. 20, 2019
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[Eye Plus] An afternoon in a hanok
North European and classic American styles have prevailed among interior design fanatics in South Korea in recent years.But before the invasion of Western culture, it was mostly wooden furniture -- made from either maple or paulownia -- that was favored by aristocrats in the 18th and 19th centuries. The Korea Furniture Museum in Seongbuk-dong, northern Seoul, invites visitors to take a break -- and perhaps, travel back in time -- inside hanok, or traditional Korean houses, where more than 2,500
Industry Jan. 17, 2019
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Korea to produce 6.2 million hydrogen cars by 2040
South Korea will produce 6.2 million units of fuel cell electric vehicles and build 1,200 refilling stations across the country by 2040, in a major industrial push aimed at securing energy independence and assuming a leadership role in hydrogen technology. President Moon Jae-in (center) looks at a model of the hydrogen fuel cell electric vehicle Nexo during a visit to a Hyundai Motor facility in Ulsan on Thursday. (Yonhap)In its road map announced Thursday, the government said it would diversify
Mobility Jan. 17, 2019
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Korea sets FCEV target at 80,000 units by 2022
South Korea will increase the number of hydrogen-powered vehicles on the roads by 80,000 units in the next four years, the finance minister said Wednesday.Deputy Prime Minister and Minister for Economy and Finance Hong Nam-ki said at a ministerial meeting on innovation-led growth in Seoul that the new fuel-cell electric vehicle target is part of a broad strategy aimed at building an ecosystem for hydrogen industries. It would include producers of the fuel as well as technologies that store and t
Mobility Jan. 16, 2019
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[Herald Interview] Audi Volkswagen steps up to support Korea’s Industry 4.0 drive
Determined to restore customer trust and committed to doing so by contributing to society, the head of the Korean arm of Audi Volkswagen said the automaker is on board with the South Korean government’s drive to promote future technologies and is planning to foster young professionals in the area of future mobility.In an interview with The Korea Herald, Rene Koneberg, a group managing director with Audi Volkswagen Korea, said the company would start providing educational and cultural opportuniti
Mobility Jan. 15, 2019
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Kona, Genesis G70 win top auto awards in US
Hyundai Motor became the first South Korean automaker to have two vehicles win top US auto awards this month, signaling a favorable start for the auto giant to gain fresh momentum in the sought-after market this year.The annual award given by 55 automotive journalists was announced at the North American International Auto Show in Detroit that officially kicked off Tuesday.The Hyundai Genesis G70 and Hyundai Kona won the North American car and utility vehicle of the year awards, respectively. Man
Mobility Jan. 15, 2019
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Posco chief says no plans for overseas investment in steel sector
The head of the nation’s largest steelmaker Posco said he has no plans to make additional investment overseas in the steel sector this year but will focus on securing natural resources needed for its lithium-ion battery business touted as the company’s new growth engine.“With regard to steel, (I) don’t have any plans for making additional investment or (pursuing) mergers and acquisitions overseas,” said Posco Chairman Choi Jeong-woo in a brief meeting with reporters Thursday. “As for the new bus
Mobility Jan. 11, 2019
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[Herald Interview] Rolls-Royce Motor CEO attributes record sales to Asia, Korea
Strong business growth in Asia was behind the record-breaking sales of British luxury carmaker Rolls-Royce last year, particularly in China and South Korea, its head said in an interview with The Korea Herald. “Our growth was fueled by a strong Asian business and a Korean business. We have seen an uptake in your market by around 40 percent compared to the year 2017 and for that reason I am very satisfied with the results,” said Torsten Muller-Otvos, chief executive officer of Rolls-Royce Motor C
Mobility Jan. 10, 2019
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