Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
Hyosung launches holding company, 4 affiliates
South Korean textile giant Hyosung officially launched a holding group and four affiliates on Friday to improve transparency in management and corporate governance, officials said Sunday.In the first major change in decades, the textile company will have four operations under a control tower, Hyosung Corp. The CEO post of the holding company will be shared by Hyosung Chairman Cho Hyun-joon and President Kim Kyu-young. President Cho Hyun-sang, the chairman’s younger brother, was named boardroom m
Mobility June 3, 2018
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KCCI hosts annual photo competition on life of businessmen
Korea Chamber of Commerce and Industry, the nation’s largest business lobby group, is hosting an annual photo competition from June 1 to Sept. 30, officials said Thursday.Titled “Businessmen’s workplace and life,” the panelists will look for candidates who capture unexpected scenes at workplaces and the people with stories. They also expect to have creative pieces that are also high in photographic quality. The 100 million won ($92,900)-competition is the largest photo competition in Korea. The
Industry May 31, 2018
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Hyundai Glovis receives ISO anti-bribery certificate
Hyundai Glovis, a logistics arm under Hyundai Motor Group, has been certified as a company operating with an anti-bribery management system by the International Organization for Standardization, the company said Thursday.The certificate, codenamed ISO 37001, is given after assessing the company’s overall management system whether it is capable of preventing, detecting and responding to bribery as well as its compliance with bribery laws.“The company will have strict ethical standards as we are a
Industry May 31, 2018
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LG CNS turns golf course in Japan into solar energy plant
LG CNS, an IT service provider under LG Group, has turned a closed golf course in Japan into a major solar energy plant capable of generating 62 gigawatt hours of electricity a year, the company said Thursday. Located near Mine city of Yamaguchi prefecture, the solar power plant was built on a 27-hole golf course that covers 142 square meters of land, equivalent to 200 football grounds. A solar power station built by LG CNS near Mine city of Yamaguchi Prefecture, Japan (LG CNS)The South Korean
Industry May 31, 2018
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[Eyes On] Fettered by accounting dispute, Samsung BioLogics faces first major challenge
It all started with a command from the chairman who laid out the future of tech giant Samsung, the world’s largest chipmaker. Samsung Biopharma was one of the five new businesses that now-bedridden Chairman Lee Kun-hee came up with in 2010. But it was a mid-level salaryman who engineered the birth of Samsung’s biologics business and watched it grow. Samsung BioLogics CEO Kim Tae-han was one of many executives at Samsung’s now-defunct Corporate Strategy Office -- a control tower that orchestrated
Industry May 30, 2018
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Posco to build lithium-ion cathode plant in Gwangyang
South Korean steelmaker Posco will build a lithium-ion cathode plant in the nation’s southwestern region to meet the growing market demand on rechargeable battery, the company said Tuesday.Posco has bought a 50,000-square-meter construction site from Gwangyang Bay Free Economic Zone Authority, to build the new plant capable of producing 6,000 metric tons of cathode material.The land transaction contract was signed Tuesday after the board approved to increase the capital of its battery component
Industry May 29, 2018
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BMW Korea vows co-prosperity, sustainable growth
BMW Korea said Monday it would continue its efforts in sustaining growth and seeking co-prosperity with the community. From social responsibility programs to direct investment, the local branch of the German carmaker will inject 1 trillion won ($927.2 million) and buy 10 trillion won worth of auto parts from local partners. Trainees of Ausbildung, the German educational program nurturing technical professionals, pose in this undated photo. BMW Korea sponsors the vocational training program.(BMW
Mobility May 29, 2018
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Hyundai Mobis named top supplier to GM
Hyundai Mobis, an auto parts maker under Hyundai Motor Group, was picked as one of top suppliers to US carmaker GM for the first time since their partnership has begun in 2010, the company said Tuesday. Hyundai Mobis` test driving track in Seosan (Hyundai Mobis)The Korean company has been delivering core auto components including integrated center stacks to GM. The accumulated value of products supplied to the US carmaker has totaled $1.1 billion, it said.Named the supplier of the year by the De
Mobility May 29, 2018
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Samsung scraps scholarship programs for journalists
A non-profit foundation run by Samsung has decided not to run scholarship programs designed to support academic works of journalists here, officials said Tuesday.The Samsung Press Foundation will discontinue its four major projects including the Samsung Press Award, training courses overseas and publications by journalists, to “re-establish its role in the changing media environment.“The decision came amid the foundation facing rumors of providing special offers to a limited group of journalists
Industry May 29, 2018
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[Behind the Wheel] New GLC plug-in hybrid is more about performance than being green
SEOGWIPO, Jeju -- The New GLC 350 e 4MATIC, the first Mercedes-Benz SUV under the EQ brand, has landed in Korea aiming to get a foothold in the market’s fast-growing green sector. Despite its green ambition, the plug-in hybrid SUV disappoints in regard to its driving range of a maximum of 15 kilometers on pure electric power. However, what the vehicle really wants to prove is its performance, rather than its greenness, through the latest hybrid technology that completes its dynamic yet reliable
Mobility May 28, 2018
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Infiniti Q60 aims for ‘double whammy’ in design, performance
For those looking for a sports coupe, there are two major factors to consider before making a decision. Should one consider the vehicle’s unique design or its dynamic performance? Infiniti’s newly launched sports coupe is the answer to both, the luxury carmaker said.“The all-new-400-horsepower coupe not only stimulates drivers’ speeding instinct but also embodies Infiniti’s design philosophy of powerful elegance, making graceful racing possible,” said the company’s importer and distributor in Se
Mobility May 24, 2018
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Samsung BioLogics’ plant No. 2 wins FDA approval
South Korean biopharma company Samsung BioLogics has won approval from the US Food and Drug Administration for bio drugs manufactured from its second plant in Songdo, west of Seoul, the company said Thursday.(Yonhap)Winning the FDA’s approval means that the company can sell bio drugs manufactured from its second plant in the United States, according to the company. It also indicates that the firm has gotten the greenlight to manufacture a new bio product at the second factory, as companies have
Industry May 24, 2018
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BMW Korea to host LPGA competition next year
BMW Group Korea, the local importer and distributor of the German luxury carmaker, said Thursday it has teamed up with the LPGA tour to hold a tournament in the southeastern port city of Busan next year. Kim Hyo-jun, chairman of BMW Group Korea (left), and Michael Whan, commissioner of the LPGA, pose during a signing ceremony of the local importer, which is hosting a tournament next year. (BMW Group Korea)Scheduled for October, the first event will be held at LPGA International Busan, the tour’s
Industry May 24, 2018
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GS Chairman urges affiliates to seek new opportunities amid changing geopolitical landscape
Huh Chang-soo, chairman of GS Group, urged GS affiliates to find new business opportunities amid an evolving geopolitical landscape, at an annual forum designed to seek innovation in the retail-to-energy conglomerate, the group said Wednesday. Huh Chang-soo, chairman of GS Group“After an inter-Korean summit, the summit between leaders of North Korea and the United States is on the way, leading a change in the geopolitical landscape over the Korean Peninsula,” he said at the annual Value Creation
Mobility May 23, 2018
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‘Chevy’s back’: GM Korea marks fresh start with new Spark
Putting the issues of the past behind, GM Korea said it was opening “a new chapter” by launching a refreshed and also slightly cheaper mini car Spark in Seoul on Wednesday. Kaher Kazem, CEO of GM Korea said that the company will launch 15 new or renovated models in the next five years as part of a comprehensive Chevrolet strategy. Starting with Spark, the company plans to unveil its compact SUV Equinox at the upcoming Busan Motor Show and will bring more models produced overseas to Korea to sati
Mobility May 23, 2018
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