Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
Hyundai Motor sets ambitious goals to beef up domestic output
Hyundai Motor Co. on Thursday laid out its goals to ramp up domestic production and exports to the highest figures since the COVID-19 pandemic began three years ago, showing the auto giant’s willingness to overcome various economic and geographical uncertainties. The record-high targets were announced as President Yoon Suk Yeol visited the automaker’s Ulsan plant. Hyundai Motor Group Executive Chair Chung Euisun accompanied Yoon as the president toured the automaker’s plant. Ac
Mobility March 9, 2023
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Samsung SDI, GM to form EV battery alliance
South Korean battery maker Samsung SDI and US auto giant General Motors will build a joint battery manufacturing plant for electric vehicles in the US with an investment worth up to 5 trillion won ($3.8 billion), according to reports Sunday. The battery alliance, which will mark the first collaboration between the two companies, will become official later this week as they are expected to sign a memorandum of understanding in Michigan on Wednesday. Citing unnamed industry sources, the reports sa
Mobility March 5, 2023
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[Beyond Earth] ‘Focus on space solutions, not market'
Korean space startups should look for problems and solutions instead of putting too much focus on technology’s future marketability, says the managing director at the Korean branch of Starburst, a US-based startup accelerator specialized in the aerospace sector. “Push back how big of an investment you can receive with your idea on the priority list,” Kim Sang-dawn, managing director of Starburst’s Korean office, told The Korea Herald in an interview at the Herald Square i
Technology March 5, 2023
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L&F wows investors with $2.9b Tesla deal
South Korean battery materials maker L&F is expected to continue growing after it recently wowed investors around the world by signing a $2.9 billion supply deal with US electric vehicle giant Tesla, according to analysts Thursday. L&F on Tuesday posted in a regulatory filing that it will provide high-nickel cathode materials to Tesla for two years from Jan. 1, 2024, to Dec. 31, 2025. The two-year contract is almost four times bigger than L&F’s total sales of 971 billion won ($
Technology March 2, 2023
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Korea looks to grant full autonomy, flexibility for new space body
South Korea aims to establish a space agency based on a special law granting a degree of autonomy and flexibility the country’s public sector has never seen, reflecting the government’s all-out efforts to develop and support the space sector. The Ministry of Science and ICT on Thursday announced the beginning of the advanced publication of legislation for the special law on the establishment and operation of the country’s new space agency. The space agency has been tentatively
Technology March 2, 2023
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Hyundai Motor Group chief promotes Busan Expo bid
Hyundai Motor Group Executive Chair Chung Euisun underscored South Korea’s vision to host the 2030 World Expo in Busan to 12 ambassadors from countries in Africa, the Caribbean and the Pacific region, asking for their support in the country’s bid. According to Hyundai Motor Group on Wednesday, Chung met the ambassadors at the Korean Embassy in the US on Tuesday. The ambassadors represented Malawi, Mali, Mauritius, Burundi, Central African Republic, Togo, Guyana, Barbados, Bahamas, Sa
Mobility March 1, 2023
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SeAH Group remains mum over SpaceX supply deal
SeAH Group, a South Korean steelmaker, could become the first South Korean company to sign a delivery contract with SpaceX as the conglomerate is in talks with the US spacecraft manufacturer to supply materials for rockets and satellites, according to local reports Monday. Citing anonymous industry sources, the reports said SeAH Changwon Integrated Special Steel (SeAH CSS) -- the group’s unit that specializes in producing special steel alloys for aerospace parts -- is carrying out negoti
Industry Feb. 27, 2023
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[Beyond Earth] ‘In space sector, failure is natural’
Innospace, a South Korean startup established in 2017, is gearing up to become the first in the world to successfully launch a hybrid rocket -- its Hanbit-TLV -- from the Alcantara Space Center in Brazil next month. The second trial comes about three months after the first attempt did not get the green light due to a weather issue, problems with a cooling valve and connection errors between systems. “Although the perception has changed a lot, I think the culture that accepts failure is sti
Technology Feb. 26, 2023
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Kia to begin EV9 production in 1st half of this year
Kia, South Korea’s second-largest automaker under Hyundai Motor Group, will begin production of EV9 -- a large electric sport utility vehicle -- in the first half of this year, according to officials Friday. The Korean Metal Workers’ Union said Kia’s labor union and management finally came to an agreement on the production plan earlier this week after the two sides began negotiations to discuss the automaker’s EV manufacturing strategy and future employment security in Ap
Mobility Feb. 24, 2023
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Hanwha looks to secure drone defense technology
Hanwha Aerospace and a group of investors including Lockheed Martin have invested $17.8 million in Fortem Technologies, a US airspace security firm specialized in drone defense, Hanwha officials said Wednesday. Fortem Technologies operates its own air defense system based on an artificial intelligence radar that can monitor and detect dangerous drones or unmanned aircrafts and catch them by sending autonomous flying drones equipped with nets. The system is being used in Ukraine’s efforts a
Technology Feb. 22, 2023
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Toyota aims to win back Korean customers
Toyota will release eight new electric vehicles in South Korea to ramp up its automation lineup to meet the diversifying needs of local customers this year, Toyota Motor Korea said Tuesday as it announced the launch of its RAV4 plug-in hybrid electric vehicle. According to the Japanese automaker, the Korean office has set 2023 as a turning point to implement the global headquarters’ “multipathway” strategy that aims to offer a varied selection of automated vehicles in different
Mobility Feb. 21, 2023
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Korea aims to showcase pre-6G network in 2026
South Korea will demonstrate the sixth generation of wireless technology to the world in 2026, the Ministry of Science and ICT said Monday as it unveiled the government’s network advancement plan called the "K-Network 2030" strategy. In order to carry out the technical display, the Korean government will host an international event, tentatively called 6G Vision Fest, to invite leading telecommunication companies, experts and ministerial-level state officials from across the world
Technology Feb. 20, 2023
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SK Nexilis signs W1.4tr copper foil deal with Northvolt
SK Nexilis, the South Korean copper foil producer under SKC, has inked a supply contract worth up to 1.4 trillion won ($1.08 billion) with Swedish battery maker Northvolt, the company said Sunday. The Korean company’s five-year deal with Europe’s largest secondary battery maker will take effect next year, the announcement read. The supply volume will cover about 80 percent of Northvolt's copper foil demand during the signed period, which would be enough for 1.7 million electric
Mobility Feb. 19, 2023
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[Beyond Earth] ‘Space technology is matter of state survival’
South Korea's space development is more than just science, but also a matter of state survival in terms of security, according to a high-ranking official at the Korea Aerospace Research Institute. “Frankly, space has been regarded as science technology until now. Space development was done by project, such as developing satellites and space launch vehicles. But with a deeper understanding of space, it has become clear that it's not just about science,” said Lee Joon, execut
Technology Feb. 19, 2023
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Tiger Woods set to return at Genesis Invitational this week
Tiger Woods is ready to make this season’s PGA Tour debut at the 2023 Genesis Invitational taking place from Thursday to Sunday at the Riviera Country Club in California. Woods, who is making a comeback to an official PGA tour after a seven-month hiatus, will be joined by 19 of the top 20 golfers in the Official World Golf Ranking, including the top-three ranked -- Scottie Scheffler, Rory McIlroy and John Rahm. According to Hyundai Motor Group’s premium brand Genesis, a total of 132
Golf Feb. 16, 2023
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