Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
Hyundai, Aurora to commercialize level 4 self-driving system by 2021
Hyundai Motor has partnered with the US startup Aurora, which develops sensors and software for autonomous vehicles, with a plan to commercialize a level-four self-driving system by 2021, the South Korean carmaker said Thursday.Hyundai MotorThis is the first partnership that Hyundai has formed for the development of a self-driving system, marking a shift in the company’s previous strategy of developing the system on its own, officials said.The project between the two will be announced at the Con
Mobility Jan. 4, 2018
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Innocean to present smart driving sunglasses at CES
Innocean Worldwide, an advertising arm of Hyundai Motor Group, will unveil a set of smart sunglasses programmed to prevent drowsy driving and help drivers with hearing problems at the Consumer Electronics Show, the company said Wednesday. The product named “Glatus” has sensors built into the sides of the sunglasses to detect the wearer’s biorhythm. If signs of sleepiness are detected, the sunglasses vibrate to warn the wearer of the dangers of driving while drowsy, the company said. Glatus by In
Industry Jan. 3, 2018
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Samsung’s Lee likely to quit Boao Forum board
Samsung Electronics Vice Chairman Lee Jae-yong is likely to leave the board of the Boao Forum, known as Asia’s Davos Forum, as he is unable to carry out his role.His term as a board member ends in April. The heir apparent of the nation’s largest conglomerate is not likely to seek another five-year term, industry observers said.Lee took the board member position from SK Group Chairman Chey Tae-won in 2013. The board includes Singapore’s former Prime Minister Goh Chok Tong and former US Secretary
Industry Jan. 3, 2018
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Korea Inc call for innovation, change, and synergy in 2018
Amid fierce competition as markets move toward the “fourth industrial revolution,” leaders of major Korean companies on Tuesday urged their businesses to seek innovative ideas and responsible management as well as to secure key technologies for the future while embracing challenges in the new year.Emerging protectionism, geopolitical uncertainties as well as fast-changing market environments will be hurdles for Korean businesses this year, they said in their New Year’s messages, adding that chan
Industry Jan. 2, 2018
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[Herald Interview] ‘Regulation mars Korea’s entry to 4th industrial revolution’
President Moon Jae-in’s state visit to China last month has provided a reconciliatory mood to resume bilateral business ties between the two countries after a monthslong diplomatic row that hindered Korean companies’ operations there. But what worries the chairman of Korean Chamber of Commerce and Industry Park Yong-maan, is rather China taking a step ahead of South Korea, an IT giant, toward technologies of the “fourth industrial revolution.“ The former Doosan Group chairman who led the busines
Industry Jan. 1, 2018
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Samsung leaders’ stock value surges by W6tr
The family members in control of the Samsung empire have earned nearly 6 trillion won ($5.6 million) in stock value increases this year, despite a series of unfortunate events that suspended the planned generational transfer of power.Samsung Chairman Lee Kun-hee saw his stock value rise by nearly 4 trillion won this year, due to a stock rally the tech giant continued throughout the year, CEOScore, a local corporate tracker, said in its report released Wednesday.Though Lee has been hospitalized s
Industry Dec. 27, 2017
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[Newsmaker] SK Chairman Chey seeks sharing economy
The sharing economy can simply refer to well-known platforms like Uber and Airbnb, or in the broader sense of all democratized marketplaces. Unlike its vibrant use in North America, though, the term remains relatively unfamiliar to the public here. Now a Korean chaebol is seeking to bring this economic concept to life in the South Korean market.Chey Tae-won, the chairman of telecom and energy giant SK Group and the nation‘s fifth-richest man, according to The Investor, has been pursuing ways to
Industry Dec. 26, 2017
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Revised FTC guideline to force Samsung SDI to sell stake in C&T
Korea’s antitrust watchdog said Thursday it would correct what it called an error in its guideline on conglomerates’ cross-shareholding structure, a decision that would force a Samsung affiliate to sell more of its stake in Samsung C&T Corp., the de facto holding company of the tech giant. In December 2015, the Fair Trade Commission had set the guideline with regard to a merger between Samsung C&T and Cheil Industries, prohibiting the conglomerate from strengthening its shareholding chains by th
Industry Dec. 21, 2017
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Hyundai completes development of voice-recognition assistant
Hyundai Motor has completed the development of a voice-recognition personal assistant jointly developed with a US tech company, and will adopt the service in cars to be released in 2019, the company said Thursday.The voice-recognition platform called Intelligent Personal Agent controls in-car systems and features, and provides information for drivers on a real-time basis, the company said in a statement.The South Korean carmaker will unveil the connected car service at the Consumer Electronics S
Mobility Dec. 21, 2017
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Posco’s premium steel, engineering solution used for PyeongChang Olympics
Premium steel products and an engineering solution by Posco were used for the construction of major facilities for the PyeongChang Winter Olympics, the company said Wednesday.Posco, the nation’s largest steelmaker, supplied steel products for the construction of major buildings at sites for the sporting event including the International Broadcasting Center, media residence and Gwandong Hockey Center. The company said it had tailored steel structures for the construction of the broadcast center t
Industry Dec. 20, 2017
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LG-invested power plant in China starts operation
A combined heat and power plant in northwestern China invested by LG International Corp., the trading arm of South Korea’s LG Group, has recently started operation, the company in Seoul said Wednesday. Combined heat and power plant in Wuwei, Gansu Province, China (LG International Corp.)In 2015, the company formed a joint venture with Gansu Province Electric Investment Group Corp. to build a power plant capable of generating 700 megawatts of electricity. Built on 410,000 square meters of land, t
Industry Dec. 20, 2017
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CJ seeks to simplify governance structure
CJ Cheiljedang, the food arm of CJ Group, will secure 20 percent of shares of the group’s logistics unit to become a sole affiliate under CJ Corp., the holding company of the conglomerate, it said Tuesday. The logistics arm of CJ Group will also merge with the conglomerate’s construction unit to create synergy in building logistics centers and other related businesses, it added.The company has decided to secure 20.1 percent of CJ Logistics’ shares currently held by KX Holdings, formerly known as
Industry Dec. 19, 2017
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G4 Rexton takes lead in large SUV market
SsangYong Motor’s G4 Rexton led the growth of the large sport utility vehicle segment in South Korea this year, according to market data Tuesday.As of October, a total of 77,516 units of large SUVs were sold, a 29 percent increase from last year, according to data compiled by the Korean Automobile Manufacturers Association. SsangYong`s Rexton G4 (SsangYong Motor)Since its debut in May, more than 13,000 units of the G4 Rexton have been sold, taking the top position in the market segment.The G4 Re
Mobility Dec. 19, 2017
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Labor disputes remain unsettled at Hyundai Motor, GM Korea
The Korean auto industry is still reeling from unsettled labor disputes that are likely to extend into next year amid sluggish sales as well as the fallout from a diplomatic row with China this year. Hyundai Motor, the nation’s largest carmaker, and GM Korea, the Korean branch of the US carmaker, are unlikely to reach agreements with their respective labor unions over wages this year, according to industry watchers Monday. (Yonhap)If they fail to narrow differences in the remaining two weeks of
Mobility Dec. 18, 2017
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[Weekender] How do skyscrapers work?
Skyscrapers are not just buildings that are tall, but are the outcome of a complex combination of evolving technologies. From highly sophisticated engineering techniques to futuristic elements, today’s skyscrapers have absorbed the latest technology to realize a luxurious human dream.The challenge when building a skyscraper is how to overcome the forces of nature -- wind, heat from above and below and natural disasters that can happen without warning.The key to overcoming these challenges is in
Industry Dec. 15, 2017
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