Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Renault Samsung workers overturn wage deal, set for another strike
Overturning a wage deal clinched in June, unionized workers at Renault Samsung have voted to hold a sit-in protest, according to members of the union Wednesday, although the automaker said it would continue with the labor-management negotiations which kicked off in September. Of more than 2,000 unionized workers at the South Korean unit of the French automaker Renault, 66.2 percent voted to go on strike. The labor union and management had reached a wage deal on June 24, bringing an end to a
Mobility Dec. 11, 2019
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Mercedes-Benz Korea holds future mobility startup hackathon
Mercedes-Benz Korea said Wednesday it has kicked off its Connected Car Startup Hackathon, a competition between startups to develop connected car services for innovative future mobility.The 48-hour nonstop event is taking place at the EQ Future Pavilion set up by the automaker in Sinsa-dong, Seoul. Nine startups that develop and produce connected car technologies such as mobility, UX, maintenance and charging have made it to the final, the company said.The event was organized in a joint partners
Mobility Dec. 11, 2019
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Biz circle mourns Daewoo founder's death
Kim Woo-choong, founder of Daewoo Group -- once among Korea’s four major conglomerates -- died from a chronic disease Monday evening at the age of 82. The self-made man had contributed to the country’s industrial growth in the 1970s and 1980s. The former chairman of Daewoo Group died at 11:50 p.m. at a hospital in Suwon, Gyeonggi Province, where he had been receiving medical treatment since December last year due to his worsening health condition, Kim’s family said.&n
Industry Dec. 10, 2019
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Hyundai Motor Group donates W25b for charity
Hyundai Motor Group said Monday it has donated 25 billion won ($21 million) to the country’s nonprofit charity organization Community Chest of Korea to contribute in helping vulnerable members of the society and alleviate social polarization. The donation ceremony was attended by Hyundai Motor Group President Kong Young-woon, along with Chairman Ye Jong-suk and Secretary-General Kim Yeon-soon of the Community Chest of Korea.Since 2003, the automaker has been delivering year-end donati
Industry Dec. 9, 2019
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Koreans consider W3.9b in assets as threshold to be wealthy
South Koreans consider a person who owns an average of 3.9 billion won ($3.2 million) in assets is wealthy, a local survey showed Monday.According to a recruiting service provider Saramin’s survey on 4,111 adults, respondents in their 30s said a person can be considered rich when he or she owns assets of 3.98 billion won, while those in 40s said 3.9 billion won. Those aged 50 and above said a rich person owns 3.3 billion won. Some 3.9 billion won of assets equal the amount accumu
Industry Dec. 9, 2019
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Starbucks Korea receives presidential award for supporting cultural heritage
Starbucks Coffee Korea said Thursday it has received a presidential award for its effort to contribute to restoring the country’s cultural assets and honoring it heritage and history. The award ceremony which took place at Korea Cultural Heritage Foundation on Friday was attended by some 100 awardees. The local unit of Starbucks Coffee joined hands with the Cultural Heritage Administration in 2009 and has conducted various activities to protect cultural assets and support descen
Industry Dec. 9, 2019
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BTS’ music video second-most liked in world: Youtube
Music videos by South Korean K-pop groups were among the top 10 most liked videos on YouTube globally this year, including those from BTS and Blackpink.According to YouTube, BTS’ hit song “Boy With Luv” featuring Halsey was the second-most liked video in 2019. It was followed by four-piece girl group Blackpink’s “Kill This Love” music video, which was also the eighth-most played globally, the only Korean act to be included on that list. This year’s
Industry Dec. 6, 2019
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Passengers flying to Japan fall 43.7% in Nov.
With tension between South Korea and Japan showing no signs of abating, the number of passengers who flew to Japan in November fell by 43.7 percent on-year, government data showed Friday. According to the Transport Ministry, 891,851 passengers used domestic air carriers’ Japanese routes in November. In November, there were 5,759 flights to Japan, down 39.7 percent on-year. Among the country’s provincial airports, Muan Airport and Yangyang Airport did not operate Japan
Industry Dec. 6, 2019
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Hyundai Motor to invest W61.1tr for R&D, future tech under 2025 road map
Hyundai Motor said Wednesday it plans to invest 61.1 trillion won ($51 billion) in research and development and future technology by 2025, with the aim of transforming into a smart mobility solution provider. Under the Strategy 2025 road map, the automaker will foster smart mobility devices and smart mobility services as the two main pillars of its business.“The key to our future strategy is to focus on customers and to present the most desirable products and services. We want to offe
Mobility Dec. 4, 2019
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Mercedes-Benz Mobility Korea introduces long-term car rental program
Daimler Mobility -- a subsidiary of Daimler Group, which owns Mercedes-Benz -- officially kicked off operations in South Korea on Tuesday, offering a long-term car rental program. Mercedes-Benz Mobility Korea is the first of its kind globally and the fourth entity of the Daimler Group to launch operations in Korea. The company said it will offer a tailor-made mobility product under its concept of “mobility at your fingertips.”“We will offer one- to five-year long-term
Mobility Dec. 3, 2019
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[Newsmaker] Tada claims legitimacy by adding mobile tech to existing service
Top executives of van-hailing service Tada, which is owned by car-sharing company SoCar, argued in court on Monday that their operations are fully within the ambit of current laws.They claimed during the first trial held at the Seoul Central District Court that the company has only upgraded an existing business model with a mobile application platform. SoCar CEO Lee Jae-woong and CEO Park Jae-wook of its subsidiary and Tada operator VCNC attended the trial after they were indicted by prosec
Mobility Dec. 2, 2019
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China imports $100m worth of South Korean instant noodles
China’s imports of South Korean instant noodles jumped fivefold last year compared to 2014, industry data showed Sunday.According to the Korea Trade-Investment Promotion Agency (KOTRA), China imported $100 million (118 billion won) worth of Korean instant noodles last year, up from $15.1 million in 2014. Among all instant noodles imported by China, 50 percent came from Korea -- 40.2 billion packs -- in the January-September period, followed by Taiwan.About 280 million packs of instant
Industry Dec. 1, 2019
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[Global Finance Awards] KB Kookmin Bank runs mentoring school for SMEs
MUTUAL GROWTH/ BANKKB KOOKMIN BANKSouth Korea’s leading lender KB Kookmin Bank has been supporting early-stage entrepreneurs by conducting a mentoring and consulting program called KB Soho Mentoring School.The bank on Nov. 1 held a graduation ceremony for participants to the second round of the program dedicated to those starting a social enterprise. Some 40 early-stage entrepreneurs have participated in the seven-week-long program to obtain professional skills as a small business ow
Industry Nov. 28, 2019
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GS Energy signs deal to build LNG power plant in Vietnam
GS Energy, the energy unit of GS Group, said Thursday that it has signed a deal with Vietnam’s VinaCapital to build a liquefied natural gas power plant there.Through the collaborative partnership, the two firms will build a megasized LNG power plant with total capacity of 3 gigawatts in the southern region of Vietnam. All electricity generated from this power plant will be provided nationwide via a power purchase agreement with Vietnam’s state-run power company Vietnam Electricity.&n
Industry Nov. 28, 2019
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Pulmuone Foods claims 75% of US tofu market in Q3
South Korea’s Pulmuone announced Thursday that its wholly owned US subsidiary has gained 75 percent market share in the third quarter.Pulmuone entered the US tofu market by acquiring the nation’s top brand Nasoya in 2016 to establish nationwide distribution channels and its market share, according to Nielsen’s data, increased from 4.9 percent in 2015 to 69.5 percent that year. The company said the total sales of Pulmuone Foods USA was around $90 million in 2015 prior to the acq
Industry Nov. 28, 2019
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