Articles by Byun Hye-Jin
Byun Hye-Jin
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KG Mobility unveils roadmap for reboot
KG Mobility, formerly SsangYong Motor, said Tuesday it will be reborn as a futuristic mobility company focusing on electric vehicles, autonomous driving and software-defined vehicles. “Unlike other global automakers, we don’t consider exporting cars as our one and only goal,” said KG Mobility Chairman Gwak Jae-sun during a press conference at Kintex, Ilsan, Gyeonggi Province. “Instead, we will strive to produce cars made from our own (automotive) technology.” With
Mobility April 4, 2023
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Incheon Airport likely to turn first profit in 3 years
Incheon Airport said Monday that it is expecting to turn a profit in the first quarter this year for the first time in nearly three years, largely driven by increased management efficiency and the gradual recovery of international travel. The exact earnings will be made available after mid-April, the airport said, adding that they are highly likely to see a profit, considering the January and February earnings as well as the estimated passenger revenue in March. Following the outbreak of the
Mobility April 3, 2023
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[Herald Interview] Porsche makes big electrification push for sports cars
Porsche Korea CEO Holger Gerrmann vowed to gain further traction with sporty electric vehicles from South Korea, the carmaker’s sixth-biggest market, whose appetite for luxury cars is entering the fast lane. “We successfully wrapped up 2022 with close to 9,000 sales volume. We were very humbled by the positive reception from the Korean customers,” said the CEO during an interview with The Korea Herald on Thursday on the sidelines of the Seoul Mobility Show that kicked off earli
Mobility April 3, 2023
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KG Mobility makes grand comeback with electrified Torres
SsangYong Motors has returned to the Seoul Mobility Show 2023 for the first time in four years under its new name, KG Mobility, with an electrified version of its bestselling midsized sport utility vehicle Torres EVX. “Changing the company’s name was not an easy decision. But after a series of ups and downs, we aim to deliver a total solution for mobility sectors,” said KG Mobility Chairman Gwak Jae-sun at a media preview Thursday at Kintex in Ilsan, Gyeonggi Province. The ca
Mobility March 30, 2023
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BMW presents revamped electrification vision
BMW Korea presented the largest number of car lineups at 24 at the Seoul Mobility Show 2023, underscoring its net-zero initiative as a key vision for future mobility. BMW, along with sub-brands Mini and BMW Motorrad, introduced its distinctive clean car models powered by battery and hydrogen engines. The Korean unit of the German carmaker showcased the prototype of iX5, a hydrogen fuel cell vehicle, for the first time in Korea. On a single hydrogen charge, which takes around 3 to 4 minutes, it c
Mobility March 30, 2023
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Porsche Vision 357 makes Asia debut in Seoul
Porsche Korea on Thursday showcased its Vision 357 sports car for the first time in Asia at the Seoul Mobility Show 2023, celebrating its 75 years of sports car history. The car model is an homage to the first-ever Porsche sports car, the 356, the dream sports car made by Ferry Porsche, the legendary car designer and founder of the German carmaker. The symbolic car made its Asia debut in Korea, Porsche's sixth-largest market. “We have sold around 310,000 vehicles worldwide last year a
Mobility March 30, 2023
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Incheon Airport CEO resigns under political pressure
Incheon International Airport Corp. CEO Kim Kyung-wook said Tuesday he offered to resign, citing political pressure from Transport Minister Won Hee-ryong. “I have expressed my intention to resign to the Land, Infrastructure and Transport Minister on March 23 that I will be stepping down from the post on April 28,” said Kim during a press conference at Incheon Airport. “I asked the minister to withhold the news release until I resign as a courtesy. But somehow, a local news outl
Mobility March 28, 2023
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Asiana Airlines speeds up integration with Korean Air
Asiana Airlines said Monday it has formed a task force to accelerate the business integration process with Korean Air. The task force, headed by Asiana Airlines Vice President Won Yoo-suk, consists of a total of 42 staff and executives. Legal and strategic planning units will oversee the task force. The passenger and cargo business, finance and public relations units will also be collecting data requested by the remaining three jurisdictions -- the European Union, the US and Japan -- from whic
Mobility March 27, 2023
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Posco Future M named top supplier for General Motors
South Korea’s battery materials producer Posco Future M said Sunday it has received an award from General Motors for its outstanding achievement across the global purchasing and supply chain. It was one of 14 companies to have received the General Motors’ Overdrive Award, which is given to companies who specialize in automotive components, batteries and software provision. The evaluation criteria for the award include sustainability, innovation, launch excellence and safety. Posc
Mobility March 26, 2023
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Hyundai, Advent to speed up fuel-cell business
Hyundai Motor Group said Thursday it has signed a memorandum of understanding with the US-based Advent Technologies to develop hydrogen fuel cells, with the goal of ramping up its hydrogen car business. Under the partnership, the carmaker plans to acquire key technologies for hydrogen fuel cells that can operate at 200 degrees Celsius from Advent Technologies by 2024. It will provide ion transfer materials and catalysts to the Boston company, who will use them and support the technology requir
Mobility March 23, 2023
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[Contribution] Scaling up SMEs, startups as key export players
By Cho Ju-hyeon South Korea’s small and medium-size enterprises and startups are facing challenges in exports amid bleak economic outlook and Chinese-dependent business. For survival, small companies should alter their course to diversify exports. As of February, the total amount of exports has decreased for five consecutive months, along with a trade deficit for 12 consecutive months. Exports from SMEs, which came to $117.5 billion last year, however, has been on a downward trend since
Industry March 22, 2023
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Hyundai Heavy Industries hits 200m horsepower in engine output
Hyundai Heavy Industries, the nation's largest shipbuilder affiliated with HD Hyundai, said Wednesday that its accumulative engine production for vessels has exceeded 200 million horsepower -- a record in the global shipbuilding industry. The company held a ceremony to mark the production milestone as it started a new 74,720-horsepower vessel engine at its engine production plant in Ulsan, an industrial city on the southern coast. The company said the latest feat comes 44 years since it sta
Mobility March 22, 2023
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Posco Future M to build W400b battery materials plant in Pohang
Posco Future M, formerly called Posco Chemical, said Tuesday it would construct an electric vehicle battery materials plant in Pohang, North Gyeongsang Province, after landing a 40 trillion won ($30.6 billion) deal with Samsung SDI earlier this year. During a shareholders meeting Monday, the company decided to build a 392 billion-won plant that exclusively produces nickel cobalt aluminum (NCA) battery materials for the first time. The estimated annual production capacity is 30,000 tons, enough
Mobility March 21, 2023
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Kia unveils EV5 concept in China in renewed sales push
Hyundai Motor Group’s Kia on Monday unveiled the concept of its full-electric midsized sport utility vehicle EV5 in China, renewing its sales push in the all-important market where it has struggled to elevate its shrunken market share. The carmaker held the Kia EV Day event, its first media event this year, in Shanghai. Earlier, Kia said it would produce the EV5 in China for both domestic and global sales. The car is the smallest of its EV lineup. Since the 2021 debut of the EV6, its fir
Mobility March 20, 2023
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[단독] ‘삼성SDI 유치’ 美인디애나주, 올해 한국사무소 개설…K-배터리 업체들에 구애
[코리아헤럴드=변혜진 기자]지난해 삼성SDI와 스텔란티스의 배터리 합작법인을 유치한 미국 인디애나주가 올해 한국 사무소를 개소할 예정이다. 국내 배터리3사들이 공격적으로 투자를 확대하면서 이들에 대한 미국 주정부들의 구애도 더욱 활발해지는 모습이다. 브래들리 체임버스 인디애나주 상무부 장관은 17일 코리아헤럴드와의 인터뷰에서 “올해 한국 사무소를 열고 한국 기업들로부터 투자유치를 확대할 것”이라며 “ 사무소 운영과 관련된 인력도 적극 모집 중”이라고 밝혔다. 체임버스 장관은 주한미국대사관의 초청으로 지난주 ‘인터배터리 2023’ 참석차 방한했다. 인디애나 이외에 오하이오, 미시건, 테네시, 켄터키 등 국내 배터리 3사가 진출해 있는 7개 주정부 관계자들이 함께 대거 한국을 찾은 것으로 알려졌다. 그는 LG에너지솔루션과 SK온을 언급하며 “고성장 중인 배터리 기술 생태계와 자동차·전기차 제조 산업
한국어판 March 20, 2023
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