Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
Hyundai Motor jumps into Indonesian ride-hailing market
Hyundai Motor said Friday it has delivered the first batch of 20 Ioniq EVs to Indonesia, entering the ride-hailing market in the Southeast Asian country in partnership with Grab. The South Korean carmaker and Grab will operate ride-hailing services in Jakarta with the electric version of the compact starting early next year. They plan to expand the number of vehicles in operation by the end of the year. The Ioniq EV is capable of running 271 kilometers per single charge. It can be recharged to 8
Mobility Dec. 13, 2019
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K5 preorders set new record for Kia
The number of all-new K5 preorders has set a fresh record of more than 16,000 units sold in just three weeks, Kia Motors said Thursday as it launched the third-generation of the popular sedan officially on the same day. The number of preorders the K5 received is the highest among vehicles launched under the Kia marque, the company said. “Of all customers who preordered the K5, 53 percent of them were in their 20s and 30s, demonstrating overwhelming support and attention from younger genera
Mobility Dec. 12, 2019
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Hanwha names Lee Tae-kil as new communications head
Hanwha Group named Lee Tae-kil, executive vice president of the group’s compliance committee, as the head of its communications committee in an annual executive reshuffle, officials said Thursday. Lee replaces President Choi Sun-mok, who moves to the committee’s advisory board. After joining Hanwha Chemical in 1991, Lee climbed the corporate ladder by building his career in compliance and communications.The head of Hanwha’s communications committee oversees both the inter
Industry Dec. 12, 2019
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Posco Energy tie-up with FCE faces hurdle
An envisioned joint venture between Posco Energy and US-based FuelCell Energy is making little progress due to mutual differences, an industry insider said Wednesday.The energy unit of steel giant Posco produces molten carbonate fuel cell -- dubbed a second-generation technology -- with technology transferred from the US company. FuelCell Energy CEO Jason Few was in Seoul to discuss the JV proposal. The talks, however, ended without any agreement, sources noted. The two had signed a memora
Industry Dec. 11, 2019
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[Behind the Wheel] Why Mercedes-Benz GLB has it all
MALAGA, Spain -- It may be difficult to have it all, but Mercedes-Benz’s new compact SUV lineup of the GLB has certainly tried its very best. It’s a luxury family car with enough spacious cabin room for a third row of seats. It has strong and adaptive suspension and an intelligent four-wheel system that increases driving pleasure even on curvy, steep and inclined mountain roads. Above all, the spirit of a traditional SUV is intertwined with the latest auto technology, including the a
Mobility Dec. 9, 2019
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Half of Hyundai, Kia cars sold in US are SUVs
More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since they launched operations in the world’s second-largest auto market, the companies said Sunday. Of the 1.2 million vehicles Hyundai and its smaller affiliate Kia sold as of November, 668,328 units or 55.4 percent of the total were SUV, from 30.9 percent in 2013. The number of SUVs sold by November already has surpassed the figure for las
Mobility Dec. 8, 2019
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#Hyundai Oilbank to launch new brand for oil with less sulfur
Hyundai Oilbank to launch new brand for oil with less sulfurBy Cho Chung-unSouth Korea’s major oil refiner Hyundai Oilbank said Thursday it plans to launch a new brand of its very-low sulfur fuel oil to target the growing demand in the maritime industry.Tentatively named Hyundai Star, the company touts the brand’s unique manufacturing process developed as a solution to IMO 2020 guidelines. The new International Maritime Organization Low Sulphur Regulation -- to be effective from Jan. 1 -- requir
Industry Dec. 5, 2019
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Kia to accelerate sales in India as new plant kicks off
Celebrating the launch of its latest overseas plant in India, Kia Motors said Thursday it will expand its portfolio of “Made-in-India” products next year and introduce fully digitalized sales and service channels for customers.The South Korean auto giant officially opened its new production facility in Anantapur district in the state of Andhra Pradesh, built with an investment of $1.1 billion. It started operations in July rolling out the Seltos compact SUV, the company’s first
Mobility Dec. 5, 2019
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GS Group chairman retires, passes baton to younger brother
GS Group said Tuesday that Huh Tae-soo, vice chairman of its TV shopping channel subsidiary, will lead the energy-to-retail giant and also be chairman of its board. The leadership succession at South Korea’s eighth-largest conglomerate will be carried out after a shareholders meeting next year. Huh, who is now with GS Home Shopping, replaces his elder brother Chairman Huh Chang-soo who tendered his resignation, citing the need for a leadership transfer amid the fast-changing business
Industry Dec. 3, 2019
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Heads of Posco, SK say CSR new business opportunity
The heads of South Korea’s two major conglomerates, Posco and SK Group, attended a rare joint event Tuesday to promote corporate social responsibility, indicating a possible partnership to generate social value for sustainable growth.The purpose of the event, held at Posco’s head office in Seoul, was to share the steelmaker’s vision of becoming a responsible business entity and to present the CSR projects carried out by affiliates over the past 1 1/2 years. Posco Chairman Choi
Industry Dec. 3, 2019
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Monthly sales of Renault Samsung’s QM6 surge 50% on-year
Renault Samsung, a South Korean subsidiary of the French carmaker, sold 5,648 units of its sport utility vehicle QM6 in November, up 50 percent from the same month last year, the company said Monday.It was the first time since 2016 that sales of the QM6 surpassed the 5,000 mark. It ranked second in the mid-sized SUV segment, after Hyundai Motor’s Santa Fe, added the company. Driven by growing interest in vehicles powered by liquefied petroleum gas, 3,626 units of the QM6 LPe were sold
Mobility Dec. 2, 2019
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7 importers to recall over 12,000 vehicles
Seven distributors of foreign car brands in South Korea are voluntarily recalling more than 12,000 vehicles over faulty parts, the Ministry of Transport said Monday.Audi Volkswagen Korea, FCA Korea, Porsche Korea, Scania Korea, Bike Korea, Moto Rossa and Hanbul Motor -- which imports Peugeot and Citroen vehicles -- will recall 12,053 units of 16 models.VW’s Tiguan was found to have a faulty air bag while Peugeot 5008 1.5 BlueHDi SUV reported problems with the spare tire holder. Defects in
Mobility Dec. 2, 2019
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Hanwha chief’s eldest son promoted to Hanwha Q Cells VP
Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-youn, has been promoted as the vice president of Hanwha Q Cells and Advanced Materials, the conglomerate’s solar panel maker.The 36-year-old chaebol scion has been serving as the chief commercial officer and a senior executive of Hanwha Q Cells for four years. Officials said he was promoted in recognition of his contributions in raising the company’s profile as the world’s leading photovoltaic panel manufacture. H
Mobility Dec. 2, 2019
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Han Sung Motor’s Dream Gream students to participate in Seoul Design Festival
A corporate social responsibility project by Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, will join the 2019 Seoul Design Festival that kicks off Wednesday for a five-day run.Taking place at Coex in southern Seoul, the annual event invites prominent designers, design brands and companies to exchange their artistic talents and to support local designers in making international debuts. Recipients of Han Sung’s Dream Gream scholarship program will demonstr
Mobility Dec. 2, 2019
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[Foreign Execs in Korea] Audi VW Korea gears up to regain market leadership
The two-year hiatus in South Korea where Audi Volkswagen Group held years of market leadership has been a lesson to reorganize its operational structure and restore strength for another leap forward, according to a top executive. Audi VW Korea Group Managing Director Rene Koneberg told The Korea Herald that the company is “back on the track” to regain market leadership next year, armed with a wide range of lineups and customer services reinforced in line with restoration of public tr
Mobility Dec. 1, 2019
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