Articles by Kim Da-sol
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Kim Da-sol
ddd@heraldcorp.com-
Will Sampyo become first to get punished under new industry safety law?
Following a deadly landslide accident on Saturday, the industry is keenly focused on whether Sampyo Industry will become the first company to get punished under the new industry safety law that came into effect last week. The accident occurred at Sampyo’s quarry in Yangju, Gyeonggi Province, on the first day of the Lunar New Year holiday. All three missing workers who were making holes for demolition work were discovered dead this week. Sampyo is the local manufacturer of con
Industry Feb. 3, 2022
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Companies brace for new industrial safety law
With the nation’s new industrial safety law taking effect Thursday, companies across industries are bolstering their safety management systems to avoid being the first punished under the enhanced rules. Under the Serious Accident Punishment Act, business owners or executives at companies with more than 50 employees could face a criminal penalty of a minimum one-year prison term or fines of up to 1 billion won ($835,000) for fatal industrial accidents under circumstances where safet
Industry Jan. 27, 2022
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[Market Eye] Companies fret over new industrial accident law
South Korean companies are fretting over a new industrial safety law that goes into effect Thursday, voicing concerns over the law’s lack of clarity and “excessive penalties” to hold CEOs accountable for fatal industrial accidents. According to the Serious Accident Punishment Act, which targets companies with more than 50 employees, business owners or management held responsible could face a criminal penalty of a minimum one-year prison term or fines of up to 1 billion
Industry Jan. 26, 2022
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[Herald Interview] Royal Salute heritage reinterpreted with Richard Quinn's design
Pernod Ricard’s Royal Salute 21 Year Old is British to the core. Created to mark the coronation of Queen Elizabeth II, Royal Salute’s every detail from its tasting note to the bottle design is dedicated to being British. In that context, Royal Salute’s latest collaboration with London-based fashion designer Richard Quinn is more than just a collaboration between the two British icons. Quinn captivated the British fashion scene after becoming the first recipient
Industry Jan. 26, 2022
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Mercedes-Benz Korea to add more EVs, bolster online shop service this year
Mercedes-Benz Korea will focus on launching electric models to complete its EV-lineup in all segments this year, as well as bolstering the supply chain via its online shop, the company said Tuesday. After launching the full-change C-class model in the first quarter, the new EQB will be launched in the second quarter. It is the second compact SUV model following the new EQA. By year-end, the new EQE will be launched, the second model to be based on the modular architecture for premium EV after t
Mobility Jan. 25, 2022
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Korea sees huge drop in employment in manufacturing industry
South Korea’s manufacturing industry saw a huge drop in the number of employed in recent years mainly due to the companies’ contracted local investment and restructuring among shipbuilding and auto making companies, data showed Monday. According to the Federation of Korean Industries, the number of employed in the manufacturing industry dropped by 180,000 in 2019 from the corresponding figure in 2015. Such figures are tantamount to the combined number of employees at Samsung
Industry Jan. 24, 2022
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[Test Drive] SsangYong’s New Rexton Sports Khan proves pickups can go smart, too
For SsangYong, Rexton is not simply a flagship SUV model that has significantly pulled up its sales among its complete lineup of SUVs ranging from those in the small segment to pickup trucks. Following an unprecedented bumper year in 2015 for the small SUV model Tivoli, SsangYong needed to continue the momentum to keep the nickname “leader of SUV.” The fourth generation Rexton, launched in 2017, recorded a 200 percent growth rate that year. A year later, SsangYong took its well-se
Industry Jan. 23, 2022
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Kia EV6 wins Car of Year, Electric SUV of Year in UK
Kia said Friday that its electric SUV model EV6 has been recognized as Car of the Year and Electric SUV of the Year by the UK automotive What Car?’s Car of the Year Awards, Friday. “The EV6 combines a huge real-world range with the ability to charge at speeds that no rival can keep up with, addressing two of the biggest concerns that people still have about electric cars. Kia has been able to take advantage of the compact size of electric motors and produce a car that’s hugely
Mobility Jan. 21, 2022
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Hyundai Glovis launches online platform for used car purchases
Hyundai Glovis, Hyundai Motor Group’s logistics arm, said Thursday that it has launched Autobell, an online platform for used car sales and purchase, to diversify its business portfolio. Hyundai Glovis has been operating a used car business since 2001, mostly focused on B2B sales of secondhand cars through auctions. Its parent company Hyundai Motor sought to enter the certified used car market lately, but it seems blurry whether the automaker can launch B2C business as planned this
Industry Jan. 20, 2022
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Hyundai Motor’s used car market entry blurry after ministry puts on hold
Hyundai Motor Group’s launch of B2C secondhand car business has met with headwind after the ministry put a halt on the business launch temporarily, according to the industry on Tuesday. The Ministry of SMEs and Startups last week advised the nation’s largest carmaker to temporarily suspend the launch of the certified used car sales business here. The advisory comes after the country’s association of used car dealership asked the ministry to intervene the automotive congl
Mobility Jan. 18, 2022
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HDC chairman resigns over series of Gwangju accidents
Hyundai Development Company Chairman Chung Mong-gyu stepped down Monday, apologizing for two fatal accidents at the builder‘s construction sites in Gwangju. “I apologize deeply to the family members of the victims in the accident in Gwangju and to the public,” he said during a press conference at its headquarters in Yongsan, Seoul. “I promise to give all effort and support to amend the situation at the accident site and regain public trust.” The HDC c
Industry Jan. 17, 2022
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[Newsmaker] HDC chief likely to make public address over Gwangju accident
Amid pressure building over a series of safety accidents at Hyundai Development Co.’s large-scale construction sites in Gwangju, the builder’s chief is likely to make a public address this week, according to insiders Sunday. A week has passed since an accident at HDC’s 39-story apartment building site in Hwajung-dong in Gwangju, with five people still missing. But HDC Chairman Chung Mong-gyu has remained silent. The Gwangju accident is the second case involving HDC. In
Industry Jan. 16, 2022
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[Test Drive] Genesis G90, how different from S-Class
When it comes to luxury sedans, Mercedes Benz’s S-Class easily comes to mind. It’s obviously difficult to go beyond the German carmaker's brand reputation and technology built over decades, but the 6-year-old Korean luxury car brand Genesis is seeking to lure customers in the high-end luxury segment with its flagship full-size sedan G90 that offers a brand new experience different from S-Class. Rather than presenting state-of-the-art auto technology to easily edge out its Germ
Mobility Jan. 16, 2022
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Gwangju seeks to exclude HDC from construction projects
The Gwangju Metropolitan Government will review legal measures to restrict Hyundai Development Company from participating in building projects in Gwangju, the city mayor said Thursday. “If legal measures allow, we will exclude HDC from participating in construction projects in the city for a fixed period,” Gwangju City Mayor Lee Yong-seop said during a briefing held on Thursday. Lee added that authorities are also reviewing whether to order HDC to demolish the collapsed apartment b
Industry Jan. 13, 2022
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Genesis ups 2022 sales target, hints at new EV
Taking last year’s momentum of Genesis expanding its global presence, Hyundai Motor’s standalone luxury brand expects to increase its sales by 10 percent this year with its new lineups and electrified versions of high-end vehicles, its chief executive said on Tuesday. “We are expected to (sell) between 215,0000 to 220,000 (in numbers) of Genesis vehicles,” Genesis CEO Chang Jae-hoon told reporters at the G90 launching event, adding that the global sales of the luxury bra
Industry Jan. 13, 2022
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