Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
[Foreign Execs in Korea] Taking Korean defense technology to the world
The decadeslong standoff between the two Koreas has presented a struggle for Asia’s fourth-largest economy, but it has, ironically from a business perspective, ensured the continuous development of its defense industry. One of the driving forces that has led the development of South Korea’s defense technology is Hanwha, a conglomerate that started as a gunpowder supplier in the then war-torn country 67 years ago. It has since evolved into an energy-to-chemicals empire, but the defens
Industry Nov. 4, 2019
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Han Sung Motor supports public art project in Seoul
Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, will support a public art project run by the Seoul Foundation for Arts and Culture to create art installation works on streets of the capital city next month, the company said Thursday.Dream Gream scholarship recipients, Han Sung Motor employees and citizens will participate in the project titled “Sowon Bandi,” to create a collection of 5,000 solar-power light lamps, each of which holds a person’s wish
Mobility Nov. 4, 2019
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[Eye Plus] Silver grass waving on royal tomb of King Taejo
It’s unusual: tall silver grass covering the burial site of a king. Geonwolleng, the royal tomb of the founding King Taejo of the Joseon era (reign 1382-1398), is probably the only place in the world where one can take a glimpse into the past and enjoy the spectacular sight of silver grass waving in the autumn wind at the same time.It was his last wish, according to historians, that King Taejo wanted to have his tomb covered by silver glass brought from his home town Hamheung, now a part o
Travel Nov. 1, 2019
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GS Group to establish VC firm in Silicon Valley
GS Group said Thursday it will establish a venture capital firm in Silicon Valley in the first half of next year, as part of its plan to seek new growth engines.The decision was made during a two-day meeting of top executives held in Taipei, Taiwan, chaired by GS Group Chairman Huh Chang-soo. The list of executives who attended the meeting includes, GS Engineering and Construction Vice Chairman Huh Myung-soo, GS Home Shopping Vice Chairman Huh Tae-soo and GS Vice Chairman Jeong Taek-geun.
Mobility Oct. 31, 2019
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Renault Samsung partners LG Chem for ESS development
Renault Samsung Motors, a South Korean subsidiary of French carmaker Renault, has forged a partnership with LG Chem to develop energy storage systems with used batteries, the companies said Thursday. The carmaker has provided 40 units of used batteries from its electric vehicle SM3 Z.E. to its counterpart to help the latter develop and start testing a new type of ESS by 2021.Renault Samsung plans to provide batteries that have reached retirement age from its ultramini EV Twizy and other EVs plan
Mobility Oct. 31, 2019
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Hyundai unveils upgraded hydrogen bus for Korean police
Hyundai Motor unveiled an upgraded version of fuel cell electric bus powered by hydrogen for the Korean police on Thursday, in line with the law enforcement agency’s plan to turn its entire bus fleet green.The carmaker had previously introduced city bus-type hydrogen vehicles for the law enforcement agency, but it is the first model with large cargo space for police equipment and is suitable for long-haul travel. The latest model has two 95 kilowatt fuel cell stacks with hydrogen tanks pla
Mobility Oct. 31, 2019
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Hyundai Motor invests in hydrogen tech companies overseas to lower costs
Seeking to lower the cost of manufacturing fuel cell electric vehicles and of producing and storing hydrogen, Hyundai Motor will make strategic investments in three companies in Europe and in the Middle East and pursue technical cooperation, the company said Wednesday. Hyundai Motor has agreed to work with Impact Coatings AB of Sweden, a supplier of PVD-based coating solutions for fuel cells; H2Pro of Israel, a startup that developed an electrochemical, thermally active chemical (E-TAC) water-sp
Mobility Oct. 30, 2019
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Hyundai names new Genesis head
Manfred Fitzgerald who led Genesis, the luxury brand of Hyundai Motor, for nearly four years has tendered his resignation citing personal reasons, the company said Tuesday.The former director of brand and design Lamborghini joined the company in January 2016, and is said to have contributed to raising the brand’s profile in a short period of time. Genesis G70, the smallest sedan of the family, was named the Car of the Year in North America, early this year.Fitzgerald will be replaced by Le
Mobility Oct. 29, 2019
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[Advertising Awards] SK Innovation pursues green strategy for sustainable growth
PRINCIPAL AWARDS/ GRAND PRIZESK INNOVATIONBy Lim Su-kilHead of PR OfficeI would like to express my sincere gratitude to all who joined and supported SK Innovation’s corporate PR campaign, “Our innovation is natural,” that embodied our attitude toward the environment.Under the campaign’s slogan, we sought to convey our management strategy of “green balance” that aims to uphold the values of nature, while at the same time carrying a message that the firm’s
Industry Oct. 29, 2019
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[Advertising Awards] SK Holdings promotes happiness through social campaign
CREATIVE AWARDS/ GRAND PRIZESK HOLDINGSBy Hong Kyung-pyoVice president of brand management SK has been pursuing ways to generate social value for greater happiness for all. Social value that aims to solve various problems together with cooperation between society and business is the new growth engine for our community. This year’s “OK! SK” campaign is designed to provide better understanding of SK’s efforts in creating social value. In this campaign we described the
Industry Oct. 29, 2019
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Hyundai, Taavura forge partnership for future mobility
South Korean carmaker Hyundai Motor and Israeli mobility firm Taavura have forged a partnership to seek business opportunities in future mobility, the companies said Tuesday.Established in 1955, Taavura is a logistics service firm that transports ground and air cargo and also imports and distributes vehicles as well as providing public transportation services. The Israeli company has been seeking to transform into an innovative company in the Middle East, expanding its business to information te
Mobility Oct. 29, 2019
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Greenpeace slams Hyundai Motor’s green car strategy
The Seoul branch of Greenpeace has slammed South Korean carmaker Hyundai Motor, claiming that its green car strategy falls short of global movements on climate change.In a statement published on Friday, the nongovernment organization argued that Hyundai’s plans to raise both production and sales capacity of electric vehicles to 850,000 a year by 2025 accounts for only 10.3 percent of its 2018 sales. Despite the global efforts to curb carbon emissions, the carmaker is still producing diesel
Mobility Oct. 27, 2019
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Posco’s Q3 profit down 32 percent
Korean steel giant Posco saw its operating profit drop 32 percent in the third quarter from a year prior over rising raw material costs, the company said Thursday.Its operating profit marked 1.04 trillion won ($887 million), with sales falling 2.6 percent to 15.9 trillion won, it said. Its net profit halved to 496.8 billion won in the July-September period, from a net profit of 1.05 trillion won a year earlier. The earnings reflected rising material costs, dragging operating profit down 8.5 perc
Industry Oct. 24, 2019
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Hyundai Mobis invests $50m in Velodyne for lidar development
Hyundai Mobis, a top-tier auto parts maker in South Korea, will invest $50 million in Velodyne, a leading lidar company based in California, to achieve its aim of mass producing level 3 autonomous driving lidar system in two years, the company said Wednesday.By forging the partnership, the two will collaborate on new lidar system supply by integrating Velodyne’s latest lidar sensors with Hyundai Mobis’ cognitive software, it said in a statement.Velodyne, founded by a US inventor Davi
Mobility Oct. 23, 2019
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Posco chief visits Argentina to inspect lithium mining site
Posco’s chief visited Argentina to check on the ongoing construction of a demonstration plant that extracts lithium collected from a local salt lake last week, the company said Wednesday.Stressing the importance of the steelmaker’s operation in the South American country for its sustainable growth, Posco Chairman Choi Jeong-woo encouraged workers to complete the project safety and maintain the sound partnership with the community, the firm said.In an intermediate survey of lithium re
Mobility Oct. 23, 2019
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