Articles by Cho Chung-un
Cho Chung-un
christory@heraldcorp.com-
Macallan releases Edition No. 5 in new color
Macallan has released a new whisky called Edition No. 5, in collaboration with the Pantone Color Institute, to demonstrate its craftsmanship and pioneering design, importer Edrington Korea said Wednesday. Inspired by Macallan’s natural color spectrum, the Pantone Color Institute developed a new color it has named “The Macallan Edition Purple” for the first time in the world, and applied it to the packaging of the latest whisky product, it added.The color symbolizes the whisky b
Industry Oct. 16, 2019
-
Korean executives getting younger: study
Executives at South Korea’s large businesses are fewer in number this year and are getting younger, a study found Wednesday.According to recruiting company Unico Search, Korea’s top 100 companies had a total of 6,932 executives, around 100 fewer than last year. The majority, 60 percent, were between the ages of 45 and 54. The most popular birth year for CEOs was 1962. The 27-person list of CEOs born that year includes Korean Air CEO Woo Ki-hong, GS Engineering and Construction CEO Li
Industry Oct. 16, 2019
-
GS Caltex to launch first H2 station in Seoul
GS Caltex, a local oil refiner that has a vast network for energy distribution here, will open its first hydrogen refilling station in Seoul at a retail outlet that also houses other sources of energy such as electricity, liquefied petroleum gas and gasoline.Calling it Total Energy Station, the planned station will be built on 3,300 square meters in Gangdong, southeastern Seoul, to provide all sorts of energy needed for ground transportation. It will start operation in December.The hydrogen refi
Mobility Oct. 15, 2019
-
Korea aims to become world’s No. 1 green car provider, first to commercialize autonomous driving
South Korea aims to become the world’s No. 1 green car provider and the first country to start commercial operations of autonomous driving in the next 10 years, the government said Tuesday. It will achieve the goal by promoting the convergence of industries, implementing policy support and injecting a combined 60 trillion won ($50 billion) from the private and public sectors. Highlighting the nation’s leadership in the areas of batteries, hydrogen, semiconductors and IT technology, P
Mobility Oct. 15, 2019
-
Korando, perfect choice for modern families in Korea
Storage for strollers, golf clubs and boxes of groceries, spacious backseats and high-end safety features are increasingly becoming important factors to customers in Korea seeking vehicles that fit their family-oriented lifestyles.Rather than choosing sedans with better driving performance, a growing number of customers -- particularly those in their 30s and 40s -- are looking for mid-sized sport utility vehicles in consideration of fuel economy, passenger convenience and ease of use.According t
Mobility Oct. 14, 2019
-
[Photo News] THE AMG FAMILY
Dimitris Psillakis (left), CEO and president of Mercedes-Benz Korea, and Mark Raine, vice president of product and marketing, pose for photos at a session held for the media to test the new Mercedes-AMG GT four-door coupe and E53 4MATIC+ at the AMG Racing Track in Yongin, Gyeonggi Province, Monday. Introducing the family of high-performance AMG vehicles, Psillakis said, “No matter which AMG model you choose, you will get a high-performance vehicle, which excites with powerful performa
Mobility Oct. 14, 2019
-
SK hynix’s YouTube video hits 12 million views
A YouTube video that chronicles SK hynix’s technological challenges over the years to mass-produce the world’s first 128-layer triple-level cell 4D NAND chip has received over 12 million views in less than two weeks of its release, the company said in a statement Monday.The corporate promotion video titled “Cheongju Jikji,” narrates how the company’s challenging spirit resembles the passion and drive that drove the inventors of the world’s first metal movable
Technology Oct. 14, 2019
-
Hyundai hires ex-Audi CEO for US operations of Genesis
Hyundai Motor has hired a former chief executive officer of Audi’s US division as the head of its luxury segment Genesis’ operations in North America, signaling the carmaker’s drive to expand its market presence in the world’s second-largest auto market.Mark Del Rosso, who led operations of luxury brands Audi and Bentley for two decades, will take the CEO position of Genesis’ US operations. He will lead the sales and marketing strategy of the brand under the command
Mobility Oct. 13, 2019
-
Korea rises two notches in global competitiveness on high macroeconomic stability, IT
South Korea ranked 13th in terms of global competitiveness this year, backed by its leadership in information technology and strength to counter external shocks, a report showed Wednesday.The country saw its competitiveness rising two notches from last year and by four from 2017, the Finance Ministry said, quoting the report from the World Economic Forum. Among 141 countries studied by the WEF, Korea ranked tops in macroeconomic stability and dissemination of information and communications techn
Market Oct. 9, 2019
-
Volvo Trucks Korea’s sales surpass 25,000 mark
The number of commercial vehicles sold by Volvo Trucks Korea has surpassed the 25,000 mark, a first for a foreign auto brand here, the company said Tuesday.The local importer and distributor of the Swedish carmaker delivered its 25,000th vehicle to a customer on Monday at its central cargo center in Pyeongtaek, Gyeonggi Province. After delivering its first vehicle in South Korea in 1997, Volvo Trucks Korea went on to sell its 5,000th in 2007 and reached the 10,000 mark in 2012. Since then
Mobility Oct. 8, 2019
-
Mercedes-Benz’s New GLE named car of the month
A group of South Korean reporters covering automobiles picked Mercedes-Benz’s latest sports utility vehicle, the New GLE, as the car of the month, they announced Tuesday.According to the Korea Automobile Journalists Association, the SUV from the German luxury carmaker earned 18.4 points of 25, taking the top spot for the monthly award. It competed against GM Korea’s Chevrolet Traverse and Kia Motors’ Mohave the Master.The association assesses finalists in five categories. The N
Mobility Oct. 8, 2019
-
[News Focus] Auto industry faces daunting challenge: Workforce reductions
South Korea’s auto industry, a key driver of the nation’s economic growth, is likely to go through throes of change as carmakers’ restructuring plans are gaining market support.An advisory group consisting of five independent industrial experts said Sunday in a report presented to the management and the labor union of Hyundai Motor that it would be inevitable for the largest carmaker here to reduce its manufacturing workforce by 20-40 percent by 2025. Stressing several changes
Mobility Oct. 7, 2019
-
Moon vows to invite foreign multinationals to Kaesong
President Moon Jae-in said Friday that he would seek to turn the Kaesong industrial complex into a factory zone for foreign corporations, if the manufacturing village in North Korea’s border city resumes operation.Moon was speaking at a luncheon with business representatives in South Korea. The remarks came a week after he, in an address delivered at the United Nations, urged support from the international community for designating areas linking the truce village of Panmunjeom and Kaesong
Industry Oct. 4, 2019
-
[Herald Interview] Taking artistic approach to CSR
Corporate social responsibility programs have now become an important barometer of a firm’s sustainability, beyond simply making profits. For Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, CSR projects have been a crucial part of its business strategy nearly for a decade. And what keeps the company going in its commitment toward the society is the changes it has brought so far, such as watching teenagers from underprivileged families grow their confidence and
Mobility Oct. 2, 2019
-
CODE42 attracts investment from Kia, SK, LG, CJ
CODE42, a local startup that is developing an autonomous transportation-as-a-service platform, said Tuesday it has raised 30 billion won ($25 million) in pre-Series A funding from major firms including Kia Motors and conglomerates SK, LG and CJ.This follows the 2 billion won in seed funding it received from Hyundai Motor in March.In one of the most successful pre-Series A funding round here, Kia invested the largest portion of 15 billion won, the company added. The 30 billion won will be used to
Mobility Oct. 1, 2019
Most Popular
-
1
[Exclusive] Korean military set to ban iPhones over 'security' concerns
-
2
Korean, Romanian leaders discuss defense tech, nuclear energy
-
3
[Graphic News] 77% of young Koreans still financially dependent
-
4
S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
-
5
Yoon’s jailed mother-in-law excluded from latest parole list
-
6
Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
-
7
[Pressure points] Leggings in public: Fashion statement or social faux pas?
-
8
Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
-
9
Korea’s homegrown nanosatellite successfully launches into space
-
10
Aging population to drive down Korea's housing prices from 2040: experts