Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Ministry denies blame for Jamboree debacle
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Hyundai Motor speeds up strategic shift to software-defined mobility
Hyundai Motor Group said Wednesday it has set up a new research and development division in its push for software-defined vehicles by combining several teams across the auto giant's affiliates. The Advanced Vehicle Platform Division integrates three software development units -- its in-house SDV division and two separate teams at the carmaker’s research centers. Other teams working on the next-generation automotive platform and software that used to be under the leadership of the carm
Jan. 17, 2024
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[Photo News] Hyundai, Kia sweep 9 design awards
Hyundai Motor Group said Wednesday that it has won nine Good Design awards this year. Eight cars, including Hyundai’s N Vision 74 sports car, Kia’s EV9 and the Genesis X Convertible, won transportation awards, while Kia’s next-generation infotainment system, called Ki, won an interactive media award. The N Vision 74, inspired by the Pony Coupe Concept, the nation’s first sports car unveiled in 1974, has won all four major design awards, including from iF, the Industrial D
Jan. 17, 2024
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Hyundai ditches China plant to focus on India, Indonesia
Hyundai Motor Group said Wednesday it has sold its Chongqing plant in China to the region’s industrial park developer Yufu Industrial Complex Construction Co. for approximately 1.62 billion yuan ($290 million), as part of a global operational restructuring aimed at shifting focus from volatile markets to expanding in growing Asian countries like India and Indonesia. The sale comes in the wake of the company's dwindling market share in China, which fell to 1.4 percent in 2023. This dec
Jan. 17, 2024
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Samsung SDI buys stake in Canadian nickel miner for battery expansion
Samsung SDI, a leading South Korean lithium-ion battery manufacturer, has acquired a stake in Toronto-based Canada Nickel in a $18.5 million deal to ensure a stable supply of critical battery materials for its expanding North American operations. Announced on the Toronto Stock Exchange on Monday, Samsung SDI will acquire an 8.7 percent stake in the major Canadian nickel mining company. This stake translates into 15.6 million shares. Under the agreement, Samsung SDI not only secures an initial pu
Jan. 16, 2024
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Hyundai Motor eyes W1tr funding for Indian plant
Hyundai Motor Group plans to invest an additional 70 billion rupees ($845 million) into an automotive plant owned by General Motors in Talegaon, India, according to Indian authorities on Tuesday. According to an online post on X, formerly Twitter, uploaded by Devendra Fadnavis, deputy chief minister of the western state of Maharashtra, the Korean auto giant plans to sign a memorandum of understanding for the new funding during this week’s World Economic Forum in Davos, Switzerland. Fadnavi
Jan. 16, 2024
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[KH explains] EV tires: Profit surges, sustainability lags
South Korea's tire industry is booming, with leaders Hankook, Kumho, and Nexen posting impressive financials, thanks largely to the surging demand for electric vehicle tires. However, they face a sustainability dilemma, as the environmental impact of these tires clashes with the green ethos of EVs. Regulatory shifts could also affect future profits. The recent spotlight on Hankook & Company, which owns Hanbook Tire, following a failed takeover bid by MBK Partners, highlighted the sector
Jan. 16, 2024
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[From the Scene] Desert testing drives Hyundai, Kia's US success
CALIFORNIA CITY, California -- If you want to know how Kia's Telluride SUV managed to rank among the top midsize sporty utility vehicles in the US market last year, or how Hyundai and Kia clinched second place in the US EV market behind Tesla following a record sales year, it’s worth taking a closer look at their California Proving Ground, the Korean carmakers’ extensive vehicle testing facility in the Mojave Desert. “Our focus has evolved from primarily testing internal c
Jan. 15, 2024
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[Photo News] Hyundai future adventure on Roblox
Hyundai Motor Group steps into the virtual space with its latest launch, Hyundai Future Adventure, on Roblox. Unveiled Monday, the game aims to captivate younger audiences by presenting Hyundai's mobility technologies in Roblox, the popular virtual gaming platform frequented by Generation Alpha and Generation Z. In the image is a Hyundai Roblox avatar in the center flanked by Boston Dynamics' robots Spot and Atlas on the right, with DAL-e, the service robot, on the left, as Hyundai
Jan. 15, 2024
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SK Ecoplant bolsters ties with Nevada on batteries, e-waste recycling
SK Ecoplant, the construction arm of South Korea’s second-largest conglomerate SK Group, said Monday it will boost business ties with the US state of Nevada on electric vehicles and electronic waste recycling. SK Ecoplant CEO Park Kyung-il met with Governor of Nevada Joe Lombardo on Sunday at the company’s recycling subsidiary TES in Las Vegas. The two leaders looked around the e-waste recycling plant and discussed TES’ e-waste business, battery recycling technology and global
Jan. 15, 2024
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Samsung SDI outpaces Korean rivals in US tax credits
Samsung SDI has outpaced its Korean rivals by supplying batteries to the largest number of electric vehicles under the heightened US EV tax credit regulations that went into effect Jan. 1, according to industry sources on Sunday. Of the 19 EVs eligible for the new incentive rules this year under the Inflation Reduction Act, 15 car models will use Korea-made batteries, while China’s CATL and AESC Group, which made the cut last year, have been removed from the list. Samsung SDI topped the li
Jan. 14, 2024
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[Photo News] Renault brand chief in Korea
Renault Brand CEO Fabrice Cambolive looks around the production lines of the French carmaker’s Busan plant last week. Cambolive was visiting Korea to inspect local operations, especially the development work of the “Aurora 1” project, the carmaker’s new hybrid sport utility vehicle. “Renault is preparing for a new phase in the Korean market this year. … (The Aurora 1) will certainly be a vehicle that meets the high expectations of Korean and international con
Jan. 14, 2024
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LG Electronics opens 1st overseas EV charger plant in US
LG Electronics Inc. said Saturday that it has opened its first plant in the US for electric vehicle charging stations, as part of its strategy to advance into the fast-growing EV charging solutions business. The factory based in Fort Worth, Texas, has an annual capacity of over 10,000 units, according to LG Electronics. LG said earlier its 11 kilowatt wall-mounted and stand-type slow chargers, and 175 kW fast-charging models will be available in the US market in the first half of 2024. The compa
Jan. 13, 2024
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Hyundai, Kia near 1m eco-friendly car sales in US
Hyundai Motor Group, following a record-breaking year with US sales surpassing 1.6 million Hyundai and Kia vehicles, is setting their sights high in the US this year to reach a cumulative sale of 1 million eco-friendly vehicles since 2011 and 300,000 luxury Genesis cars, leveraging their strong sales momentum and expanding their eco-friendly and high-end vehicle lineups. Last year, Hyundai and Kia sold a combined 1.6 million vehicles in the US, an increase of 12 percent from 2021 and the highest
Jan. 12, 2024
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[CES 2024] SK On chief hints IPO plan on track
LAS VEGAS/SEOUL -- Chey Jae-won, executive vice chairman of SK Group and SK On CEO, on Wednesday vowed to accelerate plans for the battery maker's market debut at the CES 2024 tech show being held in Las Vegas this week. “It’s hard to predict (the exact timeline for the initial public offering) because we have to consider market conditions and prepare (for the IPO process),” said Chey to the press. “But we’ll push forward (the schedule) as soon as possible when
Jan. 11, 2024
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[CES 2024] Kia to produce EVs for Uber
Kia will collaborate with Uber to develop purpose-built vehicles tailored to fit the needs of the car-sharing service provider to expand the automaker’s PBV business, the South Korean carmaker said as the two sides announced their partnership at the CES 2024 in Las Vegas on Wednesday. According to the announcement, the Uber-customized PBV will be developed on the basis of PV5, Kia’s first PBV slated for mass production in 2025. The PV5, which will be the first model to be assembled o
Jan. 11, 2024
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[CES 2024] 42dot, Samsung to launch Exynos-based auto platform
42dot, the software mobility unit under Hyundai Motor Group, clinched a deal with Samsung Electronics to develop an artificial intelligence-based software-defined vehicle platform on the sidelines of the CES 2024 tech show in Las Vegas on Tuesday. Song Chang-hyeon, who doubles as 42dot CEO and president of the software-defined vehicle unit at Hyundai Motor Group, and Park Yong-in, president of the system large-scale integration division at Samsung Electronics, participated in a signing ceremony
Jan. 10, 2024
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[CES 2024] Hyundai Mobis’ e-Corner system makes debut
Hyundai Mobis, a car parts manufacturing unit under Hyundai Motor Group, unveiled Mobion, an electric vehicle running on its self-driving e-Corner System technology for the first time at CES 2024 in Las Vegas on Wednesday. The technology incorporates the world’s first in-wheel motors consisting of four small motors that incorporate rotational steering and electronic braking in one module installed in the car wheels. “The e-Corner system reduces physical connections of mechanical devi
Jan. 10, 2024
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[CES 2024] Hyundai-backed Supernal to debut flying taxies in Korea, US by 2028
LAS VEGAS -- Supernal, Hyundai Motor Group’s air taxi subsidiary, unveiled the next generation of its aircraft, the S-A2, at CES 2024 in Las Vegas on Tuesday, marking a substantial step in its drive to introduce flying taxis. "We have pushed the technical boundaries toward a future where cities are free from congestion and limited mobility. Our goal is to bring air taxi service to both the US and Korean markets by 2028," said Shin Jai-won, executive vice president and head of Sup
Jan. 10, 2024
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[Photo News] Hyundai family
HD Hyundai Vice Chairman Chung Ki-sun (left) and Hyundai Motor Group Executive Chair Chung Euisun look around HD Hyundai's exhibition area at the CES 2024 in Las Vegas on Tuesday. As the grandsons of Chung Ju-yung, the late founder of Hyundai Group, the two business moguls are cousins. HD Hyundai is showcasing the future of construction on the back of automation technology at this year's global tech convention. (HD Hyundai)
Jan. 10, 2024
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[CES 2024] Kia debuts purpose-built concept EVs with modular design
LAS VEGAS -- Kia on Monday unveiled a versatile lineup of concept purpose-built electric vehicles at the CES 2024, featuring an all-new modular design architecture, and targeting commercial applications with a focus on sustainability and a blend of hardware and software solutions. The lineup is set for commercialization in 2028. “We are targeting the under-electrified light commercial vehicle market, identifying an opportunity to innovate in a sector burdened by inefficient post-production
Jan. 9, 2024