The corporate social responsibility division of Mercedes-Benz Korea held its fourth annual charity marathon Sunday, saying it hoped to promote a spirit of community sharing and cultivate the philanthropic culture here, the company said Monday. Titled “Give ’n Race,” the annual event was jointly organized by the Seoul Metropolitan Government. Around 20,000 runners took part, raising about 920 mi...

LEIPZIG, Germany -- An annual forum of transport ministers around the world wrapped up Friday, strengthening an alliance to create better connectivity for regional prosperity, but leaving questions about developmental imbalance in the sector between advanced and emerging countries. The International Transport Forum, dubbed “the Davos of transport,” brought more than 1,000 government representati...

LEIPZIG, Germany -- Chinese Transport Minister Li Xiaopeng on Thursday said that China is not going to be involved in an inter-Korean railway project, saying it is “their own business.” When asked about China’s role in facilitating the project of reconnecting the railroad between South and North Korea, he said the project should be carried out by both countries, clearly indicating that China won...

LEIPZIG, Germany -- Citing the role of taxis in Korea as a form of quasi-public transport, South Korea’s vice transport minister said Wednesday that he “disagrees” with the idea of global ride-hailing services like Uber and Lyft entering the local market. In an interview with Korean reporters covering the International Transport Forum in German city of Leipzig, Kim Jeong-ryeol, the second vice m...

LEIPZIG, Germany -- Seeking to set standards to improve transport connectivity around the world and address concerted efforts on decreasing carbon emissions, a three-day forum was kicked off in the German city of Leipzig with more than 1,000 delegates from 70 countries. At the International Transport Forum, dubbed as Davos of Transport, around 40 ministers gathered to discuss a wide range of top...

The Korea Herald is publishing a series of interviews with foreign executives at Korean firms on their role and vision for change, growth in the homogenous corporate world. -- Ed. What drove the former BMW executive to take on the heart of the research and development unit of Hyundai Motor four years ago was the strategic vision of the carmaker’s heir and Korean engineers’ ambition for perfectio...

South Korean auto giant Hyundai Motor and its sister company Kia Motors invested 106 billion won ($89.23 million) in a Croatian manufacturer of high-performance electric cars, a move to target the emerging high-end market for race cars powered by electricity, the company said Tuesday. Under the partnership with Rimac, Hyundai plans to unveil two prototype models for hypercars next year, one powe...

With advanced manufacturing and export capacities, Renault Samsung Motors in South Korea stands out as strategically important for the global auto giant, with Renault Group’s head for the AMI and Asia-Pacific region, excluding China, coming to the country for a visit soon, according to the firm Thursday. AMI refers to Africa, the Middle East and India. In a video message, Fabrice Cambolive, chai...

SEOGWIPO, Jeju Island -- Despite differences in market characteristics and environment, businesses engaged in electric vehicle developments in Southeast Asia can grow together through a concerted effort to build regional partnerships on zero emission cars, experts said Tuesday. At an international conference held on the sidelines of the annual International Electric Vehicle Expo, business repres...

SEOGWIPO, Jeju Island -- As the first and only exhibition entirely on electric vehicles, the International EV Expo kicked off its four-day run in the southern part of Jeju on Wednesday to offer wider business opportunities for small and medium-sized companies seeking to ride the wave of carbon-free evolution. The sixth edition of the expo has opened its doors to up-and-coming companies and is pr...

Businesspeople, experts, investors and government representatives from around the world will gather on the South Korean resort island of Jeju to promote carbon-free mobility technology at an international exhibition that kicks off Wednesday. The sixth annual International Electric Vehicle Expo -- the world’s first and largest event dedicated entirely to EVs and EV components, technology and infr...

Amid ongoing labor disputes, the management of Renault Samsung has decided to suspend operations at its plant in the southeastern port city of Busan for three days starting Monday. It is the first time operations of the Busan plant have been temporarily suspended by the management, not by unionized workers who have staged partial strikes for months. The move is widely viewed as an attempt by th...

A South Korean university is launching a new department in cooperation with Samsung Electronics to nurture future talent in the field of system chips. Yonsei University said Thursday it would open a system chip engineering department starting from the class of 2021, in partnership with Samsung Electronics. The undergraduate program, funded by South Korea’s biggest chipmaker, is designed to educa...

SK has denied local reports that the conglomerate is gearing up for a $1 billion investment in Vietnam’s largest private company Vingroup. “We have been reviewing a number of investment cases, but there is no such case confirmed yet,” the company’s spokesman said. News reports said the nation’s third-largest conglomerate will soon invest $1 billion to acquire shares of Vingroup through its over...

Steelmaking itself is not environment-friendly, but its byproducts can be, South Korean steel giant Posco said Monday, citing its application of slag and gases to the company’s conservation projects and businesses. On average, in the process of making 1 metric ton of steel around 600-700 kilograms of byproduct is produced, mostly slag. Slag, if the lime is separated, can be used as a fertiliz...