Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
[CES 2020] Chung Euisun leads aggressive mobility drive with global firms
Hyundai Motor Group’s Executive Vice Chairman Chung Euisun has been highlighting the conglomerate’s transformation into a mobility solution provider by partnering with global firms in the industry. South Korea’s top auto group said Wednesday that it sealed a partnership with Uber at Consumer Electronics Show 2020 in Las Vegas, to develop an urban air mobility business and create “the world’s top personal air vehicle.” “Based on the collaboration with Ube
Mobility Jan. 8, 2020
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[CES 2020] Hyundai foresees personal air vehicle by 2028
Hyundai Motor envisions a future of mobility where people can hop on a personal air vehicle and transfer to a specialized vehicle that doubles as a restaurant or even a clinic, its chief said Monday.Speaking at the annual Consumer Electronics Show in Las Vegas, Hyundai Motor Group Executive Vice Chairman Chung Euisun unveiled a smart mobility vision for hubs that link aerial vehicles with specialized ground transportation. “We have thought deeply about what is significant when it come
Mobility Jan. 7, 2020
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FDI to Korea falls 13.3% to $23.3b
Data from the Ministry of Trade, Industry and Energy showed Monday that foreign direct investment to South Korea fell 13.3 percent on-year in 2019 to reach $23.3 billion of investment in total.According to the data, last year’s FDI pledged to Korea was the second-largest amount after the $26.9 billion reported in 2018. The ministry said 2018 saw the record-high FDI thanks to earlier-reported investments by firms prior to the government’s planned abolition of corporate tax benefi
Industry Jan. 6, 2020
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Hyundai Motor rolls out upgraded Kona Electric 2020
Hyundai Motor said Monday it has launched Kona Electric 2020, an upgraded version of the country’s most-sold electric vehicle last year.A total of 13,587 units of Kona Electric were sold in the domestic market last year, maintaining its top position in the EV market for two years in a row. The automaker said all trims of Kona Electric 2020 have adopted 10.25-inch navigation, offering drivers with wider, clearer screen as well as various multimedia contents. The navigation program is
Mobility Jan. 6, 2020
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[Trending in Pairs] Delicious or exotic? Koreans’ mala craze, black sugar hype continue
In a country where food trends come and go, stores selling black sugar milk tea and Mala xiang guo -- Sichuan-style spicy stir-fried vegetables and meat -- are widespread these days. Korea’s “sweet fever” peaked when Taiwanese boba milk tea franchise Tiger Sugar opened here in March last year, selling milk tea with dark brown sugar syrup called “heukdang” in Korean. In less than a year, Tiger Sugar has opened 16 additional stores in Korea.Coffee shops like Coffee Be
Industry Jan. 5, 2020
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Airlines to expand number of flights ahead of Seollal
The country’s airlines are expanding their numbers of flights ahead of Seollal and throughout the holiday, industry sources said Friday. Seollal, the Lunar new year, is one of the biggest holidays in Korea. This year’s Seollal falls on Jan. 25, with the holiday running from 24th until 27th. Korean Air said it would add a total of 26 more domestic flights connecting Gimpo to Jeju, Cheongju to Jeju and Gimpo to Busan, from 23rd to 27th.Asiana Airlines said it will add 12 mor
Mobility Jan. 3, 2020
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Carmakers to launch new models in first half of 2020 to recover sales
Carmakers are rushing to launch new models in the first half of the year -- mainly market-dominating sport utility vehicles -- seeking opportunities to recover sales, according to industry sources.Hyundai Motor’s first-ever Genesis SUV GV80 opens up this year’s new vehicle lineup. The automaker released images of the luxury SUV GV80 on New Year’s Day, raising market expectations for the model set to debut in mid-January. The three-row SUV from Hyundai Motor’s l
Mobility Jan. 2, 2020
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Biz leaders call for more deregulation, aggressive investments in 2020
Amid forecasts of lower economic growth and harsher business conditions in 2020, South Korea’s business community is pushing to ease government regulations to stimulate aggressive investments and entrepreneurship, according to industry sources Wednesday.Heads of the country’s business lobby groups noted abandoning old regulations to seek new changes in 2020.The Federation of Korean Industries chief Huh Chang-soo said in his New Year’s address that future-oriented regulations ar
Industry Jan. 1, 2020
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Hyundai Motor unveils images of first Genesis SUV GV80
Hyundai Motor’s luxury brand Genesis unveiled its first sport utility vehicle on Wednesday, raising market expectations for the much-anticipated model set to debut in mid-January. The GV80, a three-row SUV, is the fourth model of the brand, which consists of the G70, G80 and G90 sedans. The “V” in its name represents the “versatile” aspect of the luxury SUV, while the number 80 indicates its large size, Hyundai Motor said. Under the design concept of
Mobility Jan. 1, 2020
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SUVs, EVs, luxury cars to again dominate auto market in 2020
After a bumpy year with flat consumer sentiment and global trade uncertainties, the automotive market is likely to face a similar business environment in 2020, with sport utility vehicles, electric vehicles and luxury cars remaining popular, according to market analysts.Hyundai Motor Group’s think tank for global business research and development center noted that the global auto market is estimated to record sales of 86.95 million units in 2019, down 5 percent from the previous year. This
Mobility Dec. 31, 2019
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Mercedes-Benz Korea launches S 560 e for diversified hybrid sedan choices
Mercedes-Benz said Sunday its luxury flagship sedan the new Mercedes-Benz S 560 e has landed in South Korea, as part of the efforts to diversify its plug-in hybrid sedan lineup here. The German automaker’s S-Class sedan is conspicuous by its long wheelbase, spacious interior, innovative suspension system and high fuel efficiency, being a 70-year-long steady-selling luxury sedan, Mercedes-Benz Korea said.With the third-generation plug-in hybrid new S 560 e launching in Korea, the company sa
Mobility Dec. 29, 2019
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[News Focus] With Asiana officially under HDC, financial improvement emerges as top priority
Following Asiana Airlines’ new owner Hyundai Development Company finalizing a stock purchase agreement with the air carrier’s parent company Kumho Industrial on Friday, market analysts viewed that the priority mission for HDC is to improve the financial status of the debt-ridden air carrier. In short, it may cost the firm more than the promised 2 trillion won ($1.73 billion). According to the HDC consortium, which includes Mirae Asset Daewoo that will take 15 percent stake, it clinch
Mobility Dec. 29, 2019
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Hyundai’s mobility service venture Mocean Lab teams up with car rental association
Hyundai Motor Group said Thursday its affiliate Mocean Lab has joined hands with the country’s car rental business association to develop a mobility service ecosystem in the rental car market. The mobility service venture set up by the parent group of Hyundai Motor and Kia Motors has signed a memorandum of understanding with the Korea Rental Car Business Association for collaboration in the future mobility business. The association is the country’s largest group of car rent
Mobility Dec. 26, 2019
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[Newsmaker] For college students, Samsung remains most coveted employer
University students in South Korea still view tech giant Samsung Electronics as the most desirable future employer, a local survey showed Thursday. According to the survey of 473 male students and 586 female students conducted by online job portal JobKorea, 10.6 percent chose Samsung Electronics as the company where they would most like to work. The next most popular answer was Korean Air (7.6 percent), followed by food manufacturer CJ CheilJedang (6.7 percent) and the Korea Electric P
Industry Dec. 26, 2019
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[Newsmaker] Wi-Fi use latest hot spot of tension at Hyundai Motor
The latest bone of contention between the labor union and management at Hyundai Motor was unforeseen in a country that boasts one of the highest internet penetration rates -- Wi-Fi use.On Tuesday, the automaker changed its decision to allow employees to use Wi-Fi at its manufacturing plant in Ulsan, and placed restrictions on use only during meal times and break hours. The decision was taken after criticism that employees spent a lot of their time surfing the internet or watching YouTube vi
Mobility Dec. 24, 2019
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