Hyundai Motor and Kia demonstrated their advanced air mobility in Indonesia as they demonstrated a flying aircraft and hailing procedure at the Samarinda Airport in East Kalimantan on Monday. With officials from Indonesia’s Ministry of Transportation and Nusantara Capital City Authority in attendance for the presentation, the automakers explained how ride-pooling application Shucle and specialized aircraft can be developed to fit the circumstances of the local customers and advanced furthe

Mobility July 29, 2024

South Korea's female archers continued to rewrite history as they won the Olympic gold medal in the women's archery team event in Paris on Sunday, extending the winning streak to a 10th consecutive title. Behind the archery team’s efforts, there was Hyundai Motor Group’s unwavering support that began in 1985. The auto conglomerate’s 40-year-long sponsorship of the Korea Archery Association marks the longest for a single sports association here. Hyundai Motor Group beg

Companies July 29, 2024

Kia is going all-out to turn around the slowing growth of electric vehicles with the launch of its latest all-electric vehicle EV3 as the Korean automaker has developed an affordable, all-around EV. The Korea Herald got to check out the Kia EV3 long-range model with 17-inch wheels for a test drive last week. The 201-kilometer course included city drive, highways and winding roads between Seoul and the eastern city of Sokcho in Gangwon Province. Categorized as a subcompact crossover sports utilit

Mobility July 28, 2024

Kia logged another record profit in the second quarter on Friday, driven by an enhanced product mix, higher average selling price and favorable exchange rates. During the April-June period, Kia achieved two new records -- 3.64 trillion won ($2.63 billion) in operating profit and a 13.2 percent operating profit margin -- in second-quarter earnings, continuing to break records for two straight quarters. The automaker’s quarterly operating profit increased by 7.1 percent in comparison to the

Mobility July 26, 2024

Automakers around the world are racing to develop advanced technology in autonomous driving and battery-powered vehicles. But for Italian luxury supercar brand Lamborghini, those are not the main concerns. “Lamborghini will always have a steering wheel in the cars,” said Stephan Winkelmann, CEO of Automobili Lamborghini in a video interview with a group of Korean reporters after the opening ceremony of Lamborghini Bundang in Gyeonggi Province. “We might have assisted driving

Mobility July 25, 2024

Hyundai Motor Group’s premium auto brand Genesis on Wednesday announced a five-year partnership with the Metropolitan Museum of Art in New York to provide various inspirational experiences for global audiences visiting the museum. The partnership marks the beginning of Genesis Art Initiatives, established to celebrate art as an authentic experience to discover truly meaningful and valuable aspects of life. Genesis will support the Met’s annual contemporary art commission series for t

Mobility July 24, 2024

The competition between Korean conglomerates Hanwha and HD Hyundai to expand their work with the US Navy has heated up as both secured key certification for maintenance and repair projects this month. Hanwha Ocean, which was known as Daewoo Shipbuilding and Marine Engineering before Hanwha Group’s acquisition last year, said Monday that it had signed a master ship repair agreement (MSRA) with the US Naval Supply Systems Command to secure the right to bid for maintenance, repair and operati

Mobility July 22, 2024

South Korea logged an all-time high trade surplus with the United States in the first half of this year based on strong auto exports, as the country monitors the US presidential race carefully and the chances of a second Donald Trump administration’s heavy protectionism. According to the Ministry of Trade, Industry and Energy and Korea International Trade Association on Sunday, Korea posted a record US trade surplus of $28.7 billion from January to June this year, up 55.1 percent from the

Economy July 21, 2024

BlueOval SK, a joint venture between Korean battery maker SK On and US automaker Ford, will begin mass production of batteries at its first plant in Glendale, Kentucky, in the first half of next year, a company official said Wednesday. “We are very excited about Kentucky 1 going online, the first of our three plants,” said Keli McAlister, external affairs director at BlueOval SK in an interview with The Korea Herald in Seoul. “There’s a lot of moving parts in a project th

Mobility July 18, 2024

SK온이 포드와 합작으로 짓고 있는 미국 배터리 공장이 이르면 내년 상반기 양산을 시작할 것으로 확인됐다. 블루오벌SK 캘리 맥알리스터 대외협력 총괄은 수요일 코리아헤럴드와의 인터뷰에서 켄터키 1공장이 내년 상반기 완공과 동시에 생산을 시작할 것이라고 밝혔다. 지난 주말 방한한 그는 “켄터키 1공장이 준비 중인 세 공장 중 가장 먼저 가동된다는 것에 굉장히 흥분된다”며 “장비 설치가 이미 시작됐다”고 설명했다. 2022년 SK온과 포드는 총 114억 달러를 투자해 합작사 블루오벌SK를 공식 출범시켰다. 켄터키주와 테네시주에 배터리공장이 각 2개, 1개 설립될 예정이고 이곳에서 생산된 배터리들을 포드의 전기차에 탑재한다는 계획이다. 미국 전기차 시장 성장세가 둔화하면서 지난 4월 포드는 신규 전기차 출시를 연기한 바 있다. 이에 블루오벌SK의 양산계획에도 차질이 생기는 것이 아니냐는 일부 우려가 있었다. 맥알리스터 총괄은 “전기차

한국어판 July 18, 2024

SK Innovation on Thursday vowed to create synergy and lead the global energy sector through the realignment of its affiliates by merging itself with SK E&S and amalgamating battery-maker SK On with SK Trading International and SK Enterm. “We decided the merger with SK E&S to lay the groundwork for the growth of future energy businesses and push for a bold, structural innovation,” said Park Sang-kyu, CEO of SK Innovation, in a press conference at the SK Seorin Building in Seou

Companies July 18, 2024

Kia on Tuesday presented the most cutting-edge technologies applied to craft the automaker’s latest all-electric vehicle EV3 to auto journalists in Seoul, showcasing several new technologies developed to make the car a leader in popularizing EVs amid slowing EV growth. The EV3 has been equipped with the i-Pedal 3.0, which offers different levels of regenerative braking to allow more flexible ways to slow down the vehicle. Unlike the automaker’s previous i-Pedal technology which only

Mobility July 17, 2024

Renault Korea has begun the mass production of its new Grand Koleos at its Busan plant, the company said Tuesday. The company held a ceremony to roll out its new Grand Koleos at the Busan plant on the previous day. The automaker plans to begin delivery of the new sports utility vehicle to customers in autumn. Renault Korea debuted the new Grand Koleos at the 2024 Busan International Mobility Show at Bexco on June 27, marking the first new car from the Renault subsidiary in four years. According

Mobility July 16, 2024

This article is the fifth installment in a series of interviews and analyses on how South Korean corporations can sharpen their diplomatic capabilities to brighten their prospects for overseas growth in this mega-election year around the world. -- Ed. Hyundai Motor Group has been exerting all-out efforts into strengthening its government relations capabilities in the United States after the Korean auto conglomerate got caught off-guard by the impact of the Joe Biden administration’s In

Companies July 15, 2024

BUSAN -- Yoon Young-bin, the head of Korea AeroSpace Administration, or KASA, on Monday reiterated the importance of collaboration and cooperation in space to make progress across borders for the prosperity of humanity at the 45th Committee on Space Research, or COSPAR, at Bexco in Busan. “In order to become an influential member of the international space community, we will actively pursue cooperative activities in the field of space exploration and space science where global collaboratio

Technology July 15, 2024