Hyundai Motor Company is looking to spearhead the hydrogen-powered truck business in the United States as the Korean automaker welcomed the official launch of NorCAL ZERO Project, a pro-environment initiative using the company's hydrogen fuel cell technology to bring zero-emission freight transportation to the San Francisco Bay Area and California's Central Valley, on Friday. "The NorCAL ZERO Project in Oakland marks a significant step forward in realizing Hyundai's vision fo

Mobility May 3, 2024

Korea’s new state space agency, the Korea AeroSpace Administration, or KASA, will focus on rearranging roles with the private sector to support companies to lead commercial space developments while the government concentrates on long-term space projects, the nominee for the top leadership position at KASA said Thursday. “So far, Korea’s space sector has been led by the government out-sourcing projects to the industry,” said Yoon Young-bin, an aerospace engineering profess

Industry May 2, 2024

The Paris Agreement, an international treaty on climate change, calls for limiting the global temperature increase to 1.5 degrees Celsius above pre-industrial levels, stressing that emissions need to be reduced by 45 percent by 2030 and reach net zero by 2050. Nobuo Tanaka, former executive director of the International Energy Agency, says that the world needs to do a lot more to countermeasure global warming and achieve these goals. “The IEA’s net zero by 2050 scenario tells us th

Industry May 2, 2024

GS Group Chairman Huh Tae-soo has reiterated the significance of digital transformation as the Korean energy, retail and construction conglomerate continues to seek out business innovation opportunities. According to GS Group on Wednesday, Huh and several CEOs of the conglomerate’s major affiliates such as GS Retail, GS Energy, GS Caltex and GS Engineering & Construction, held an annual overseas CEO meeting in Seattle from Monday to Tuesday and visited Microsoft's headquarters a

Industry May 1, 2024

Naver, Intel and the Korea Advanced Institute of Science and Technology will set up a joint lab in Korea to lead the new global ecosystem for artificial intelligence semiconductors, KAIST announced Tuesday. The joint lab called NIK AI Research Center will be established on the KAIST campus in Daejeon in the first half of this year and begin research in July. KAIST said that the joint research center will be run for three years, adding that its operation can be extended depending on research achi

Technology April 30, 2024

Hanwha Systems, a defense electronics and ICT solutions provider under the Korean conglomerate Hanwha Group, broke ground on a space center in Jeju on Monday. Named the Jeju Hanwha Space Center, the new facility will be capable of developing and manufacturing satellites. Hanwha Systems plans to complete the construction by the end of next year. “The Jeju Hanwha Space Center will create innovative technology and economic value as a birthplace for satellite development and manufacturing,&rdq

Industry April 29, 2024

진행자: 간형우, Ali Abbot Culture Ministry, KTO unveil Hallyu-themed tours 기사 요약: 문체부-관광공사, 해외 방문객 대상으로 한국 콘텐츠에 기반한 관광상품 7종 선보인다 [1] The Ministry of Culture, Sports and Tourism and the Korea Tourism Organization are looking to woo Southeast Asian and Middle Eastern tourists with new Hallyu-themed tour packages. *woo: 구애하다 [2] “Despite the rising popularity of Korean content, some travel destinations have not been promoted properly due to their low accessibility and intellectual property right

Podcast April 29, 2024

Kakao Games has decided to scrap using English names among its employees, becoming the first Kakao affiliate to backtrack on the IT front-runner’s attempt to make a more bottom-up working environment with open communication. Kakao Games CEO Han Sang-woo, whose English name is Michael, announced the decision in a meeting with employees on April 17, noting that there had been confusion as its workers had to use English names inside the company but went by their Korean names for external comm

Technology April 28, 2024

진행자: 간형우, Ali Abbot Korea's food inflation surges to third-highest in OECD 기사 요약: 2월 식료품·음료 물가상승률 7% 기록한 한국, 2년 3개월 만에 OECD 평균 넘어섰다 [1] South Korea's food inflation spiked to 6.95 percent in February, the third-highest among member countries of the Organization for Economic Cooperation and Development. *inflation: 물가 상승율, 부풀리기 *spike: 급등하다, 못 [2] The OECD statistics for February announced Sunday reveal that Korea ranks third among 38 OECD member countries in terms of food and

Podcast April 25, 2024

Hyundai Motor Group has reiterated the importance of India and reaffirmed its commitment to the burgeoning market as its chief visited the world’s most populous country earlier this week. “India, one of the regions that has contributed the most to the growth of Hyundai Motor Group, has overcome many difficulties such as the global economic recession and supply chain crisis during the COVID-19 pandemic period and continuously came up with good performances,” said Hyundai Motor G

Mobility April 25, 2024

PYEONGTAEK, Gyeonggi Province -- A group of workers gathered to check a computerized system at KG Mobility’s Pyeongtaek plant in Gyeonggi Province on Tuesday afternoon. While most workers were taking their 10-minute break, they came together to try to improve the workflow. That passion played a crucial role in the company logging its first profitable year in 2023 for the first time in 16 years, according to the Korean automaker’s head of production. “I think (our turnaround) la

Mobility April 24, 2024

Hyundai Motor Group has inked a 147-megawatt power purchase agreement with Matrix Renewables, a Spanish renewable energy company, to power its electric vehicle plant currently under construction in the state of Georgia, the Korean auto conglomerate said Monday. According to Hyundai Motor, the deal marked the largest single PPA signed by a Korean company in the US. The conglomerate’s four companies -- Hyundai Motor Group Metaplant America, the auto giant’s EV plant, Hyundai Mobis Nort

Mobility April 22, 2024

HD Hyundai Infracore, a construction equipment maker under Korean shipbuilding conglomerate HD Hyundai, will unveil its new fuel-cell electric wheel loader named the DL250-FCEV for the first time at the Intermat in France later this week, the company said Monday. The Intermat, one of the three biggest global construction machinery exhibitions along with the Conexpo in the US and Bauma in Germany, will take place at the Paris Nord Villepinte exhibition center Wednesday to Saturday. The constructi

Industry April 22, 2024

Honda has long been known for its top-level hybrid technology in the global auto sector. As hybrid vehicles take the spotlight with the electric vehicle market having entered a slump, the Japanese automaker is looking to make the most of the opportunity in Korea. The Korea Herald had a chance to drive the Honda CR-V Hybrid 4WD Touring and Honda Accord Hybrid Touring. Each ride covered about 57 kilometers, taking place in southern Gyeonggi Province on Tuesday. Before the test ride began, Honda pr

Mobility April 22, 2024

Swedish electric vehicle maker Polestar will launch the Polestar 4, an all-electric coupe-style sports utility vehicle, in June, the carmaker’s Korean office said Friday. “The Polestar 4 is an all-around premium EV that has an outstanding commercial value in many aspects ranging from design, performance, sustainability, safety, spaciousness and (advanced driver assistance system),” said Ham Jong-sung, managing director of Polestar Korea. “We are working on various prepara

Mobility April 19, 2024