Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
Hyundai unveils world’s first holographic AR navigation system
South Korean auto giant Hyundai Motor has unveiled the world’s first holographic augmented reality navigation system equipped on its luxury sedan Genesis G80 in partnership with Swiss startup WayRay, the company said Wednesday.Introduced at the Consumer Electronics Show being held in Las Vegas, the holographic AR navigation technology delivers driving guidance by projecting navigational alerts through the windshield onto the road, the company said. A holographic augmented reality navigation syst
Mobility Jan. 9, 2019
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Samsung 4Q profit suffers from declining chip sales
Samsung Electronics saw its operating profits nose-dive by nearly 40 percent in the fourth quarter last year, mainly on weakening market demand for memory chips, the biggest source of its profits, the company said Tuesday.In a regulatory filing, the world’s largest manufacturer of chips and smartphones posted 10.8 trillion won in operating profits in the past three months, a 38.5 percent decrease from 15.1 trillion won posted for the previous quarter. It is the lowest operating profit figure sin
Technology Jan. 8, 2019
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[Weekender] A new year dreaming of abundance
It cannot be explained scientifically in today’s hypermodern society. But for hundreds of years, Koreans have pinned high hopes on the new year by reinterpreting the symbolic significance of each of the 12 zodiac animals. And this year, Koreans celebrate the Year of the Pig, which symbolizes abundance, luck and fecundity. According to Chinese astrology, the pig is the 12th animal in the 12-year zodiac cycle, and it is a good year to make money and build one’s fortune -- just like the plump image
Industry Jan. 3, 2019
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Hyundai Motor to run robo taxi pilot in 2021 in Korea
South Korean auto giant Hyundai Motor will start pilot operation of robo cabs here in 2021, part of a drive to become a smart mobility service provider, its chief said Wednesday.In a noticeable change for the 51-year-old car manufacturer, the conglomerate’s Executive Vice Chairman Chung Eui-sun said he would seek partnership with global leading companies to develop eco-friendly robo taxis that were both “safe and innovative.” Hyundai Motor Group Executive Vice Chairman Chung Eui-sun addresses th
Mobility Jan. 2, 2019
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SK Innovation to unveil flexible film for foldable devices at CES
The nation’s energy-to-petrochemical giant SK Innovation will introduce flexible film developed for foldable devices at the Consumer Electronics Show, which kicks off next week in Las Vegas, the company said Tuesday.The transparent film, called Flexible Cover Window, was designed to protect displays and is considered a core component of foldable smartphones for its flexibility as well as its durability. Market interest in the plastic film has been growing alongside plans for the commercializatio
Technology Jan. 1, 2019
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KCCI chief says ‘now or never’ in pushing for regulatory reform amid economic recession fears
The clock is ticking for full-fledged reforms in regulations for Korean businesses to survive, the head of the country’s top business lobby group said Wednesday, voicing concerns over an economic recession and companies losing growth momentum due to multilayered market restrictions.Comparing companies to “frogs in a burning pot,” KCCI Chairman Park Yong-maan stressed that there is not much time for companies in the face of fierce market competition, adding that damage is already being seen. The
Industry Dec. 26, 2018
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KCCI chief calls for closer ties with Moroccan businesses
Korea Chamber of Commerce and Industry Chairman Park Yong-maan (Yonhap)The head of the Korea Chamber of Commerce and Industry urged businesses to strengthen ties with Moroccan firms, highlighting the country’s push for industrial development.“Morocco, which has signed free trade agreements with about 50 countries, holds geopolitical advantage for business expansion,” said Park Yong-maan, chairman of the KCCI, the nation’s largest group representing Korean businesses.“I wish for broader cooperati
Industry Dec. 21, 2018
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KAI apologizes, vows thorough inspections after chopper crash
Korea Aerospace Industries, the nation’s sole aircraft manufacturer, said Friday that it would accept the findings of an investigation identifying a defective part as the cause of a Marine Corps chopper crash in July.After a monthslong probe, a team of civilian, government and military experts said a defective rotor mast on the Marineon chopper had caused the crash that killed five military personnel. (Yonhap)The chopper crashed after the main rotor became detached from the airframe due to a cra
Mobility Dec. 21, 2018
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Transport Minister suggested taxi drivers adopt Uber system, got no response
Transport Minister Kim Hyun-mee proposed in July that taxi drivers adopt an IT system similar to that of Uber in order to streamline their operations, but received no response, she said in a radio interview on Friday.“If you look at Uber service abroad, it is built to make reservations and pay through an IT platform and the drivers get (paid) for various supplementary services,” she said. “I believe that the nation’s taxi service will be improved if such a system is adopted,” she said, adding th
Mobility Dec. 21, 2018
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Posco hires ex-Daelim CEO for future growth
Steel giant Posco has hired former the CEO of Daelim Industrial to seek the company’s future growth, it said Thursday in a statement. Oh Gyu-seokOh Gyu-seok, former president of the local builder, will take charge of the newly established future growth division assigned to pave the way for the 50-year-old steelmaker struggling to find alternatives amid declining market demand for metal. Oh is the first outsider to take the top-level executive position at Posco. Along with Oh, Posco named Park S
Mobility Dec. 20, 2018
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Car-sharing services offer discounts amid taxi protest
Car-sharing services in South Korea on Thursday intensified their marketing efforts while taxi drivers held a massive rally in protest of the planned launch of commercial carpool services.Kakao Mobility offered 10,000 points to carpool drivers who joined its trial service, in addition to 5,000 won ($4.50) worth of points per service, in an effort to encourage them to continue operating despite fierce opposition from taxi driversAnother ride-sharing service, SoCar, offered an 87 percent discount
Mobility Dec. 20, 2018
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Hyundai’s Kona named Car of Year in Spain
Hyundai Motor’s compact SUV Kona was named the car of the year by a Spanish national daily newspaper, beating Peugeot’s 508 and Honda CR-V, the company said Wednesday.According to ABC, the newspaper based in Madrid, Kona topped the list with 312 points, followed by Peugeot 508 and SEAT Arona, with 264 and 182 points, respectively.Also by a UK-based auto magazine Next Green Car.com, the electric version of Kona was named the car of the year and the family car of the year, citing its reasonable pr
Mobility Dec. 19, 2018
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New LG Uplus CEO hints at CJ HelloVision acquisition in H1
The new head of the nation’s third-largest telecom company said Wednesday that the firm would make a final decision as to whether it will acquire a local cable TV service provider by June next year, making its merger and acquisition attempt official for the first time. “We are going to decide whether to proceed with (acquiring the cable TV service provider) or not as soon as possible,” said LG Uplus CEO Ha Hyun-hoi at a press conference. “I will make that decision happen within the first half of
Technology Dec. 19, 2018
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Ministry to expand R&D spending, financial aid for autos, chips, batteries
The Ministry of Industry on Tuesday unveiled a comprehensive plan aimed at revitalizing the sluggish auto sector and increasing state spending on research and development for manufacturers of chips and batteries to secure their leadership in the global market. Industry Minister Sung Yoon-mo (center) visit a local auto parts maker in Changwon, South Gyeongsang Province, as part of the industry inspection tour on Dec. 13. (Yonhap)For auto parts makers suffering from shrinking sales at home and abr
Industry Dec. 18, 2018
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[BEHIND THE WHEEL] Don’t be swayed by BTS -- the Palisade is the ultimate family car
It’s practically a taboo for a car company, particularly South Korean carmaker Hyundai Motor, to hire a celebrity as the face of a new vehicle. It’s supposed to be all about the car, not the star. Breaking this unspoken rule, Hyundai Motor brought a global sensation -- Korean boy band BTS -- into its all-out efforts to promote the large SUV it launched last month, seeking a rebound for its global sales. But the Palisade is a car with a target market that goes beyond BTS’ young fan base, extendin
Mobility Dec. 17, 2018
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