Articles by Shim Woo-hyun
Shim Woo-hyun
ws@heraldcorp.com-
Hyundai Steel to develop anti-flood door for manufacturing facilities
Hyundai Steel on Thursday said the company has forged a new alliance to develop anti-flood measures that will protect its manufacturing facilities. On Wednesday, representatives from Hyundai Steel, Hyundai Engineering, Haejeon Industry and the Korean Society of Steel Construction signed a memorandum of understanding, according to the steelmaker. Choi Ju-tae and Park Chan-woo, senior managing directors at Hyundai Steel and Hyundai Engineering, joined the signing ceremony held in Hyundai Steel
Industry Dec. 8, 2022
-
S. Korea rolls out biotech plan
The Ministry of Science and ICT on Wednesday announced its midterm plan to nurture the local biotechnology industry, aiming to pour about 400 billion won ($303 million) annually from next year into securing key technologies in the field. South Korea will “implement the country’s cutting-edge digital technologies into the bio industry to increase the overall efficiency within the industry and related research,” said Lee Jong-ho, minister of science and ICT. The minister added th
Technology Dec. 7, 2022
-
US ambassador visits Coupang fulfillment center in Daegu
Coupang, the South Korean e-commerce giant, on Wednesday showcased the investments and innovations it made over the past decade at its Daegu fulfillment center, one of Asia's largest. The event was attended by US Ambassador Philip Goldberg and Korean government officials, including the deputy mayor of Daegu Metropolitan City and officials from the Science and ICT Ministry. Kang Han-seung, the representative director of Coupang, and its Chief Administrative Officer Harold Rogers also joined
Industry Dec. 7, 2022
-
Court puts end to SK chief's high-profile divorce
A Seoul court on Tuesday ordered SK Group Chairman Chey Tae-won to pay 66.5 billion won ($50 million) in property division to Roh So-young, ending the couple’s marriage of 34 years. Chey will also have to pay 100 million won in alimony, the court added. The Seoul Family Court announced its ruling on the divorce suit that was filed by Roh in December 2019. The court dismissed a separate divorce suit filed by Chey, saying he is the person who is responsible for the divorce. The couple’
Industry Dec. 6, 2022
-
Samsung, Naver team up to develop AI chips
Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. The two companies will develop chip solutions that have greater capacity to process large-sized data, which existing computing systems have difficulties in dealing with, the firm said. The duo seeks to find new solutions that better address the bottlenecks in advancing AI systems and maximize efficiency
Technology Dec. 6, 2022
-
Lotto 6/45 marks 20th anniversary with 8,000 jackpot winners
Around 8,000 people have won first prizes for South Korea’s most popular lottery Lotto 6/45 in its 20 years of history, with their combined jackpot totaling 16 trillion won ($12 billion), according to the lottery commission on Monday. According to the Korea Lottery Commission, an organization under the Finance Ministry, the number of first prize winners of the Lotto reached 7,803 as of Nov. 26 this year since its debut back in 2002. On average, 7.5 people won first prizes per draw, which i
Market Dec. 5, 2022
-
LG Chem to supply plant-based plastic first to Mattel
LG Chem, South Korea’s leading chemical firm, said Sunday that it will launch a new acrylonitrile butadiene styrene product using plant-based raw materials, with the first batch being supplied to US toy manufacturer Mattel. ABS is a rigid thermoplastic polymer that boasts higher resistance to heat and impact. LG Chem is the market leader in ABS products with an annual production capacity of 2.4 million tons. ABS products make up almost 20 percent of its overall petrochemicals business sale
Industry Dec. 4, 2022
-
Delayed supplies caused by truckers' strike amounts to 1.6 tln won: gov't
Over one trillion won worth of financial damage has been caused by the ongoing unionized truckers' strike in the past week, affecting the cement, steel, oil and other industries, the South Korean government on Thursday. The Ministry of Trade, Industry and Energy said shipments delayed due to the walkout that started nationwide on Nov. 24 has amounted to some 1.6 trillion won ($1.23 billion). Amid concerns that transport disruptions could escalate further, the Trade Ministry is reviewing o
Industry Dec. 1, 2022
-
Hyundai Elevator announces winners of elevator design contest
Hyundai Elevator, South Korea's largest elevator manufacturer, on Wednesday unveiled the six winners of its design contest for the future of elevators. A total of 347 individuals and teams from six different countries joined the contest, the manufacturer said. The six countries were South Korea, China, Indonesia, Vietnam, Malaysia and Turkey. Participants with different backgrounds, ranging from children to professional designers, submitted their works, in which they showed their own vision
Industry Dec. 1, 2022
-
[Contribution] Enhancing trust in government through innovation, international cooperation
By Han Chang-seob The Organization for Economic Cooperation and Development launched the results of its Trust Survey last July. A total of 22 member countries including Korea voluntarily participated in the survey which showed that just over 4 in 10 people trust their national government. The survey also highlighted that trust in government matters and helps governments respond to the major challenges such as health and economic crises, inequalities and climate change. Korea ranked seventh in th
Social Affairs Nov. 30, 2022
-
Businesses brace for prolonged trucker strike
Financial damages and disruptions in logistics services are anticipated to increase further among oil suppliers and businesses in the cement and construction industries if the nationwide walkout of truckers continues, industry sources said Tuesday. Some local gas stations have started to report supply shortages, and the cement industry has reported an accumulated loss of 64.2 billion won ($48.4 million) in sales already. According to a source from a local oil retailer, certain gas stations -- pa
Industry Nov. 29, 2022
-
EV industry advised to adopt battery swapping for better efficiency
The Korea International Trade Association suggested introducing battery swapping as a solution that could boost South Korea’s electric vehicle transition, the association said in a report released Monday. Battery swapping is touted as an emerging solution for EVs, particularly in China. The technology allows drivers to switch a drained battery with a fully charged one in just a few minutes, instead of having to charge the empty one at a designated station. Rolling out battery swapping in S
Industry Nov. 28, 2022
-
Seoul's Yeouido suffers traffic disruptions due to street protest
Transport disruptions are expected in Seoul's Yeouido district until the late afternoon on Friday due to a protest that has gathered some 50,000 people. According to the Seoul Metropolitan Police Agency on Friday, transportation disruptions are expected on the main road that connects Mapo Bridge and Seoul Bridge in the Yeouido area as a union representing irregular workers at schools held a street protest, occupying part of the road. On Friday, the union of irregular workers at schools went
Social Affairs Nov. 25, 2022
-
Parties agree to launch 45-day probe into Itaewon crowd crush
The ruling People Power Party and the main opposition Democratic Party agreed to launch a 45-day parliamentary investigation into the Itaewon Halloween tragedy, the two parties said Wednesday. The probe was to kick off on Thursday as soon as the assembly members approve the motion for the investigation. But the actual probe will begin after the National Assembly passes the national budget bill for next year, they said. The probe period could be extended later on, they added. It will be an 18-m
Politics Nov. 23, 2022
-
Street cheering to be held in Seoul amid woes over large-scale gatherings after Itaewon crowd crush
The Seoul Metropolitan Government has decided to allow street cheering events during the South Korean national soccer team's World Cup games to be held at Gwanghwamun Square, the capital’s largest outdoor space for public gatherings, despite safety concerns following the Itaewon crowd crush last month. The Seoul city government on Tuesday evening announced that the operation committee of Gwanghwamun Square came to such conclusion after a meeting that started at 5 p.m. The decision cam
Social Affairs Nov. 22, 2022
Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
Tensions heighten ahead of first president-opposition chief meeting
-
4
Seoul to provide housing subsidy to married couples with newborns
-
5
[Weekender] How DDP emerged as an icon of Seoul
-
6
Rapper jailed after public street fight with another rapper
-
7
Woman gets suspended term for injuring boyfriend with knife
-
8
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
9
[KH Explains] No more 'Michael' at Kakao Games
-
10
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency