Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
South Korea’s eco-friendly car exports expand
South Korea’s export of eco-friendly cars mainly involving compact sport utility vehicles such as Hyundai Motor’s Kona and Niro have expanded significantly, government data showed Sunday.According to data compiled by the country’s Transport Ministry and Korea Automobile Manufacturers Association, exports of eco-friendly vehicles including electric vehicles and hybrid cars increased 41.8 percent to 189,033 units from January to September, compared to a year ago. In Septemb
Mobility Oct. 20, 2019
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Asiana Airlines introduces A350-900 to focus on long-haul flights
Asiana Airlines, the country’s second-largest full-service carrier in terms of sales, has added Airbus’ A350-900 for service to focus on strengthening long-haul flights, the firm said Thursday. The company said it will introduce up to 30 of the A350s by 2025, to increase its competitiveness in operating diversified, mid- and long-distance flight services. The latest introduction of the new A350-900 is the air carrier’s 10th of its kind. The air carrier has been recen
Industry Oct. 17, 2019
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Korean Air, Raytheon partner for ISTAR military solution
South Korean full-service carrier Korean Air said Wednesday that it had partnered with US weapons and military electronics firm Raytheon to cooperate on the Korean military’s Intelligence Surveillance Target Acquisition and Reconnaissance (ISTAR) solution. ISTAR is used for missions such as disaster monitoring, border security and protection against ballistic missiles, as well as to track mobile ground targets. The British Royal Air Force is one of Raytheon’s clients, using it o
Industry Oct. 16, 2019
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Benz joins mobility trend with new Mercedes-Benz Mobility Korea
Daimler Mobility AG -- a subsidiary of Daimler AG, which owns Mercedes-Benz -- has established Mercedes-Benz Mobility Korea to offer mobility solutions in Korea, the firm said Tuesday.The new entity by the mobility unit of the Daimler AG, which recently changed its name from Daimler Financial Services AG to Daimler Mobility AG, will focus on providing digitalized customer service and premium mobility products, MBMK said. MBMK will kick off in Korea with the launch of a premium long-term car rent
Mobility Oct. 15, 2019
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Low-cost carriers to go on leading Korea’s flight industry: Boeing
Low-cost carriers are expected to continue to lead the growth of South Korea’s flight industry and to expand the country’s passenger transport capacity and air traffic, an executive from American aircraft manufacturer Boeing said Monday. Randy Tinseth, Boeing’s vice president of commercial marketing, said in a press conference in Seoul that South Korea’s low-cost carriers lead the market in Northeast Asia, accounting for 65 percent of the region’s total capacit
Industry Oct. 14, 2019
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[KH Biz Forum] International trade standards can strengthen Korea’s business competitiveness: Psillakis
A strong and multilateral trade system supported by international standards can help South Korea to build a conducive business environment, encourage foreign capital and strengthen the competitiveness of Korean industries, according to the chairperson of a European business advocacy organization here. “Aligning domestic regulations with global standards is imperative, as otherwise they will have (a) difficult time adapting to the international standards when the time for export comes,
Industry Oct. 11, 2019
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Starbucks Korea to expand charity-focused stores from 2020
Starbucks Korea said Thursday that it will strengthen its focus of business operation in Korea by opening more “community stores” that donate a portion of sales to the community via charity programs, working with nonprofit organizations. According to Starbucks Korea CEO David Song, the country’s second community store will open in the first half of 2020. The move comes as part of the franchise’s effort to expand Starbucks’ “humanism-based positive impact&
Industry Oct. 10, 2019
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Korea Herald to host Biz Forum on corporate risks, solutions
With the global trade wars intensifying and threatening to undermine economic growth, companies across the world are facing growing challenges. The trade wars have hurt the South Korean economy, denting business sentiments and complicating crisis management.Amid this rapidly changing business environment, The Korea Herald is hosting a forum Friday to discuss the growing corporate risks and possible solutions. The theme of the event is “Korea in crisis: How to survive in an era of trade war
Industry Oct. 10, 2019
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Coupang appoints ex-Federal Reserve governor to board of directors
E-commerce company Coupang said Wednesday that it has appointed economist and former Federal Reserve Gov. Kevin Warsh to its board of directors.The former senior US government official currently teaches at the Stanford Graduate School of Business. He is also a Shepard Family Distinguished Visiting Fellow at Stanford’s Hoover Institution. “Coupang is at the frontier of innovation. The company’s growth has been impressive, and its customer experience is unmatched. I am honored to
Industry Oct. 9, 2019
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Stonebridge Capital still keen to acquire Asiana
Stonebridge Capital, one of the four bidders shortlisted to buy a controlling 31 percent stake in the country’s second-largest full-service carrier Asiana Airlines, refuted Wednesday news reports that it is not keen to proceed with the acquisition deal. A local news outlet reported Wednesday that the South Korean private equity fund did not participate in a bidding presentation meeting with Asiana executives earlier this week, indicating that it may drop out of the race. Stonebr
Industry Oct. 9, 2019
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Nearly half of convenience stores suffer deficits: lawmaker
Approximately 48 percent of franchisees of major convenience store chains here such as CU, GS25 and 7-Eleven suffered deficits last year amid severe market saturation, a lawmaker said Tuesday, citing industry data.Based on convenience store association data, disclosed by Rep. Woo Won-shik from the ruling Democratic Party, 47.8 percent or 15,819 of the country’s total 33,068 convenience stores as of last year reported sales of less than 1.5 million won ($1,255) per day. Among them, 20
Industry Oct. 8, 2019
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Hyundai Motor, Doosan Fuel Cell join hands for hydrogen fuel cell development
Hyundai Motor Group and Doosan Fuel Cell have agreed to co-develop and jointly study hydrogen fuel cell systems and generation networks, the two firms said Monday.According to the companies, Hyundai Motor Group, Doosan Fuel Cell and a state-run automotive parts innovation center called Ulsan TechnoPark signed a memorandum of understanding to cooperate on hydrogen-based microgrid demonstration project, aimed to create an independent hydrogen fuel cell energy network. They will develop new b
Industry Oct. 7, 2019
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Mercedes-Benz posts No. 3 sales figure, after Hyundai, Kia
German carmaker Mercedes-Benz recorded the third-highest sales figure in the country in September, after Hyundai Motor and Kia Motors, outpacing three major local carmakers, according to industry data.According to data from the Korea Automobile Manufacturers Association and the Korea Automobile Manufacturers Association, a total of 118,895 vehicles were sold in September, an increase of about 8.9 percent from the previous month.Of them, Hyundai Motor and its sister company Kia Motors accounted f
Mobility Oct. 6, 2019
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Renault Samsung pioneers new sectors in local automotive market
Renault Samsung Motors has been pioneering new sectors in the local automotive market, which has been largely dominated by gasoline-powered sport utility vehicles. The automaker launched a face-lifted version of the QM6 in June, its most popular and most trusted midsized SUV model.The upgraded version, which is also the country’s first liquefied petroleum gas-powered SUV, has proved popular in the local market, leading the carmaker to record the second-highest midsized SUV sales in Ju
Mobility Oct. 1, 2019
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Asiana to offer weekly flight to Melbourne from December
Asiana Airlines said Tuesday it will launch a weekly flight to Melbourne, Australia, from Dec. 26 to Feb. 20. The first-ever direct flight to the second-largest city in Australia will leave Incheon Airport at 7 p.m. every Thursday and arrive in Melbourne at 7:30 a.m. the next day. The 300-seat Boeing B-777 will be used for the route. Starting with this flight, the air carrier said it will continue to expand long-haul routes. The price of a return ticket from Incheon to Melbourne
Industry Oct. 1, 2019
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