Hyundai Motor Group announced Friday that it contributed 35 billion won ($24 million) to the Community Chest of Korea for the charity organization’s annual fundraising campaign. “Hyundai Motor Group made the donation as supporting neighbors and solving diverse social problems by sharing is one of the important roles that companies should play,” Hyundai Motor Group President Chang Jae-hoon said in a statement. Along with Chang, Executive Vice President Hahn Suk-won and CCK Chair

Industry Dec. 20, 2024

Hanwha Ocean, a shipbuilding unit of Korea’s Hanwha Group, announced Wednesday that its offshore oil platform began to produce crude oil two weeks before the expected date in Qatar. The fixed platform first saw oil spring out on Sunday in the Al-Shaheen oil field, one of the world's biggest offshore oil fields located 80 kilometers northeast off the coast of Qatari capital, Doha. It has been five months since the facility left Hanwha Ocean’s shipbuilding yard in Okpo, Geoje, Sou

Industry Dec. 18, 2024

Hyundai Mobis, the automotive parts maker affiliated with Hyundai Motor Group, said Tuesday that it is ready to commercialize a new battery cell cooler material expected to boost electric vehicle charging efficiency and safety. The material, called “Pulsating Heat Pipe,” consists of aluminum alloy tubes filled with refrigerants. In the battery module assembly, the tubes, located between battery cells, cool down the heat, especially during fast charging. With the breakthrough in batte

Mobility Dec. 17, 2024

Hanwha Aerospace said Monday that it has named Michael Coulter, a former executive at Leonardo DRS, the Italian defense manufacturing firm, as its new global defense CEO. In the newly created position, Coulter will oversee the global defense businesses of Hanwha Aerospace and its subsidiaries such as Hanwha Ocean and Hanwha Systems. The new appointment comes as the Korean defense company has expanded its presence in global markets with key products, including the K9 self-propelled howitzer and a

Industry Dec. 16, 2024

As National Assembly Speaker Woo Won-sik read out the results of the impeachment vote Saturday, the crowds filling Seoul's Yeouido district erupted in celebration. Car horns blared through the streets as tens of thousands of protesters, who had gathered throughout the day, broke into jubilant cheers and singing. "I declare that the impeachment motion has passed – 204 in favor, 85 against, 8 abstentions, three null votes," Woo said, confirming the passage of the motion to imp

Social Affairs Dec. 14, 2024

Posco Future M, the materials unit of Posco Group, said Thursday it has completed production technology for graphite electrodes, which are an essential material in steelmaking that Korea has solely relied on imports for so far. The carbon-based electrodes are used in melting metal scraps or refining them during the steelmaking process in an electric furnace, as they are inserted into the furnace and produce heat via an electric current. Larger poles with higher electrode density increase electri

Industry Dec. 12, 2024

OCI Energy, a US-based subsidiary of Korean chemical and battery manufacturer OCI Group, will supply solar power to the San Antonio region of the US state of Texas for 20 years, OCI Holdings, the company's holding unit, announced on Wednesday. OCI Energy signed the contract for a long-term energy storage project called “Alamo City ESS LLC” with US local energy grid operator CPS Energy on Friday in San Antonio. The signing event was attended by officials from both sides, includin

Industry Dec. 11, 2024

Korean oil refiner S-Oil on Tuesday honored eight members of the Korea Coast Guard for their life-saving efforts with awards totaling 90 million won ($62,800). The annual 2024 Hero Maritime Officers awards ceremony was held Monday at a Seoul hotel, with S-Oil CEO Anwar al-Hejazi, Korea National Council on Social Welfare Chairman Kim Seong-yee and Korea Coast Guard Commissioner General Kim Jong-wook in attendance. Han Seung-man, a senior police officer of the Gunsan Coast Guard Station in Gunsan

Industry Dec. 11, 2024

South Korean aircraft maker Korea Aerospace Industries said Tuesday that it has extended its contract with Boeing to produce empennage parts for the US aerospace giant’s 737 Max model. The extension will add 1.12 trillion won ($789 million) in sales to the existing contract. The Boeing 737 Max – the manufacturer's newest narrow-body model for short and medium-haul passenger flights – carries up to 230 passengers. KAI has provided vertical and horizontal stabilizers for the

Mobility Dec. 10, 2024

A fire caused by a butane gas explosion in a Daegu apartment led to 30 residents being evacuated on Monday. The fire began at 8:59 a.m. after a portable stove gas canister exploded while the resident was boiling gomtang, or beef-bone soup. The flames reached several stories high, causing 21 residents in other units to evacuate. Nine residents were rescued by firefighters. Some residents complained about headaches, difficulty breathing and eye sores caused by smoke inhalation, but no deaths were

Social Affairs Dec. 3, 2024

Seoul subway Line No. 2 was delayed over 20 minutes during morning rush hour due to a conductor taking an urgent toilet break on Monday, according to Seoul Metro. The conductor who was driving a train on the outer lane of the circular route had to leave the train urgently to use the toilet in a station at 8:11 a.m. While an engineer watched the train, the conductor ran down the platform and returned in 4 minutes 16 seconds after using the restroom on another floor. However, the 125 trains follow

Social Affairs Nov. 27, 2024

Police awarded a man who rescued a student on a bridge over the Han River, Seoul’s Seongdong Police Station announced on Tuesday. While crossing the bridge, the man found the student standing on the opposite side of the guardrail of the Dongho Bridge in eastern Seoul around 5 a.m. on Friday. He immediately grabbed the student’s hands and pulled him back over the rail. After trying to calm the student down, he took the student to the Oksu patrol box in Seongdong-gu, Seoul, which was n

Social Affairs Nov. 26, 2024

Eighteen people were injured Monday after a motel caught fire in Bongdam-eup, Hwaseong, Gyeonggi Province, according to local media. One person was found on the second floor in a state of cardiac arrest, but recovered. The fire reportedly began on the first floor of the four-story building at 10 p.m., but the smoke quickly spread to the entire building. At the time, 22 people were staying in the motel and many of them were foreign workers at a nearby employer who was using the motel to accommoda

Social Affairs Nov. 26, 2024

A man in his 50s has been fined for assaulting a woman who was smoking in the street. Judge Jang Min-ju, presiding over Daejeon District Court’s 11th criminal chamber, fined the man of 700,000 ($498), local media reports on Monday. The man hit the 22-year-old woman on her back at midnight on April 29 while she was smoking in front of a shop in Daeduk-gu, Daejeon. During the police investigation, he reportedly said “How could a girl smoke?” and that he was angry about smoking ne

Social Affairs Nov. 26, 2024

Lawmakers and ambassadors were among the 1,122 people who gathered in Gwangju and Seoul Friday to make kimchi to donate to underprivileged people. The 2024 Korea Kimchi Grand Festival was held for two hours in the National Assembly’s courtyard in Yeouido, central Seoul and May 18 Democracy Square in central Gwangju simultaneously. The event was organized by Herald Media Group, local broadcaster Gwangju MBC and Rep. Ju Chul-hyun of the main opposition Democratic Party. The event at the Nati

Social Affairs Nov. 24, 2024