Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Korean Air orders 30 Boeing 787 aircraft for W11tr
South Korean flagship carrier Korean Air said Wednesday it has clinched a deal with Boeing to acquire 30 Boeing 787 aircraft at the Paris Air Show in an effort to modernize its aircraft.Korean Air has agreed to buy 20 new wide-body B787-10s and to lease 10 additional B787-9s, the company said in a statement. The deal approximately costs 11.5 trillion won ($9.7 billion), based on the price list. This marks the first large-scale purchase deal made by the new chief Cho Won-tae, who took office
Industry June 19, 2019
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Nissan’s 6th-generation Altima to hit Korea in July
Amid rebounding sedan sales in the South Korean market, Nissan Korea said it will launch a sixth-generation model of its bestselling midsized sedan, the Altima, here in July. According to the carmaker, the most distinctive aspect of the fully transformed Altima is its design. With a sportier, more dynamic exterior design, Nissan said it had equipped the latest Altima with its award-winning Nissan Vmotion 2.0 design. In 2017, the Nissan Vmotion 2.0 was recognized as the best concept ca
Mobility June 18, 2019
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With upgraded QM6, Renault Samsung hopes to cement top spot in midsized SUV market
Just days after a dramatic consensus with its labor union ended a year of confrontation and strikes, Renault Samsung unveiled a facelifted version of the QM6, the automaker’s most popular midsized sport utility vehicle, in Seoul on Tuesday.The QM6 is the automaker’s most trusted model, accounting for 61.2 percent of the country’s midsized gasoline SUV sales from September of 2017 to April this year, selling 41,191 vehicles.With the upgraded model, which is also the country&rsqu
Mobility June 18, 2019
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McDonald’s Korea to recruit 120 admin managers nationwide
McDonald’s Korea said Monday that it is recruiting 120 administrative managers who will work at its some 420 restaurants nationwide.According to the fast-food chain, applicants will go through the document screening, interview and practical assessment in a restaurant environment. Successful candidates will take training course as trainees and will be dispatched to stores from August. The new managers will be given opportunities for promotion to general manager of the store or regional
Industry June 17, 2019
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Hyundai Motor Group chief calls for global effort toward ‘hydrogen economy’
Chung Eui-sun, Hyundai Motor Group executive vice chairman, called for world leaders to take action for the hydrogen-focused energy transition during the Group of 20 meeting of environment and energy ministers Saturday. Chung, who co-chairs the Hydrogen Council, was invited to exchange views on the global energy paradigm and to analyze the role and possibilities of hydrogen energy, Hyundai Motor Group said Sunday. The council comprising some 60 companies is a global CEO-level initiative for
Mobility June 16, 2019
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Hankook Tire & Technology aims to lead market through innovative tech
Following the change in its name last month to Hankook Tire & Technology, the firm said Sunday it plans to lead the global original equipment tire market by beefing up its research and development on innovative technology. In May, the company was renamed from Hankook Tire as part of its holding company Hankook Technology Group’s rebranding to redefine its focus. The group said it included the word “technology” to reflect its long-term mission to achieve innovation
Mobility June 16, 2019
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Hyundai, Kia invest in US self-driving firm Aurora Innovation
Hyundai Motor and its sister company Kia Motors said Thursday that they are investing in US self-driving technology company Aurora Innovation to develop and further enhance the autonomous vehicle platform. The investment is part of the automakers’ plan to become a game changer in the global autonomous driving ecosystem and to launch an autonomous vehicle at an early stage, Hyundai Motor Group said, without disclosing the size of the investment. The two companies will strengthen c
Mobility June 13, 2019
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KCGI, Jin Air employees dencry return of Korean Air heiress
The Korea Corporate Governance Improvement Fund, the second-largest stakeholder in the country’s flagship carrier, Korean Air, has publicly denounced the return of the late Chairman Cho Yang-ho’s younger daughter to a management role in light of the damage she has inflicted on the corporate image and the value of the company’s shares.The KCGI, which holds a nearly 16 percent stake in the air carrier, released a statement Wednesday saying Hanjin Group’s decision to reinsta
Mobility June 12, 2019
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QM6 most popular midsized gasoline SUV in Korea
Renault Samsung’s QM6 GDe has hit record-high sales in the country’s midsized gasoline sport utility vehicle category, retaining its top position since its launch in 2017, data showed Wednesday. According to the Korea Automobile Manufacturers Association, the carmaker sold a total of 41,191 units of QM6 GDe from September 2017 to April, which accounts for 61.2 percent of the total sales of midsized gasoline SUVs sold here in three years. The automaker said as another 2,050 units
Mobility June 12, 2019
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Return of Korean Air heiress hints at family feud over succession nearing end
The surprise return of an heiress to Hanjin Group appears to signal that the family members of the group’s late chairman are close to settling succession plans of the transport empire, with each taking core businesses, according to industry sources and reports on Tuesday.On Monday, Hanjin Group said in a statement that Cho Hyun-min, the youngest daughter of the late Hanjin Group Chairman Cho Yang-ho, has been reinstated as a senior vice president at Hanjin KAL, the holding company of Hanji
Industry June 11, 2019
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Ediya Coffee beefs up investment in R&D, coffee roasting technology
Ediya Coffee, which focuses mainly on small shops offering low-cost coffee, has been boosting its investment in research and development and coffee roasting technology in an effort to increase its competitiveness, the company said Monday. Amid the expanding Korean coffee market -- the world’s third-largest following US and China as of last year -- Ediya Coffee said it has increased R&D spending for its coffee and bakery products by 20 percent each year. As part of its efforts
Industry June 10, 2019
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Olive Young launches global online mall for foreign shoppers
CJ Olive Networks’ health and beauty store Olive Young launched its first global online mall Monday, as part of its efforts to strengthen its global business and promote K-beauty products, the company said. According to Olive Young, the opening of its online mall targeting foreign shoppers in some 150 countries follows rapidly growing overseas demand for K-beauty products. The service, which can be found at global.oliveyoung.com, is the first e-commerce platform for overseas
Industry June 10, 2019
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Samdasoo’s market share falls amid heated competition in bottled-water business
Faced with an expanding market and growing consumer demand for cheaper options, South Korea’s bottled-water market leader Samdasoo has a stake below 40 percent in the country’s drinking water market for the first time, industry data showed Friday.Samdasoo, a drinking water brand manufactured by the Jeju Special Self-Governing Province Development Corporation, has topped the market since its launch in 1998, having secured a 45.7 percent stake in the 740 billion won ($626 million) bott
Industry June 7, 2019
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Majority of auto part makers in North Jeolla seek switch to EV business: survey
Around 82 percent of the Korean automobile parts makers in North Jeolla Province said they were seeking to switch to making electronic vehicle parts, a survey showed Friday. According to the survey conducted by Korea SMEs and Startups Agency on 403 auto components companies and subcontractors for General Motors Korea in North Jeolla Province, 82.6 percent said they were seeking to transfer their business to EV-parts production, amid dwindling plant operations in their region. Last year, GM
Mobility June 7, 2019
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Six in 10 listed firms post lower operating profit or loss
Listed companies in South Korea managed to record an higher operating profit overall, but in fact, 60 percent of them saw a decline or even marked losses, data showed Thursday.An analysis by market researcher Korea CXO Institute showed that the combined operating profit of 1,000 listed firms came in at 111.5 trillion won ($94.4 billion won) last year. The figure was up 4.2 percent from 2017 and 53.1 percent from 2016.Of them, however, 597 companies recorded a lower operating profit or loss, mean
Industry June 6, 2019
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