Hyundai Motor Group Executive Chair Chung Euisun (center) speaks during the second Trilateral Executive Dialogue, or TED, a leadership seminar between South Korea, the United States and Japan, held at Grand Hyatt Seoul on Wednesday. Hyundai Motor Group sponsored this year's TED, which gathered some 100 key figures from the three countries’ governments, assemblies and corporations to discuss strategic trade and investment, biotechnology security, energy cooperation, and the role of tec

SK Group Chairman Chey Tae-won discussed ways to bolster economic cooperation between South Korea and the United States with a group of US senators on Tuesday in Seoul and asked them for bipartisan efforts to support Korean companies, the Korean conglomerate said Wednesday. “SK Group has been setting up semiconductor ecosystems in both Korea and the US, and through this, we will be able to contribute to strengthening the two countries’ (artificial intelligence) leadership,” sai

Hyundai Motor Group announced Tuesday that it will sponsor the second Trilateral Executive Dialogue, or TED, a leadership seminar between South Korea, the United States and Japan, set to take place at Grand Hyatt Seoul on Wednesday. TED, which held its first gathering in San Francisco last year, aims to explore opportunities for democracy and shared prosperity through in-depth discussions on expanding the trilateral ties’ comprehensive mutual benefits such as economic development and natio

The all-new Colorado, the latest generation of the Chevrolet’s pickup truck, has returned as a well-rounded off-roader featuring an impressive powertrain and unexpectedly comfortable driving experience. The Korea Herald checked out the newly launched American pickup in a recent test drive including both on- and off-road courses in Seoul and Gyeonggi Province. Measuring 5,410 millimeters in length, 1,905 mm in width and 1,810 mm in height with a wheelbase of 3,337 mm, the new Colorado looke

Hanwha Ocean has secured Korea’s first warship maintenance project from the United States Navy, pioneering the market for the country’s maritime defense industry. According to Hanwha Ocean on Thursday, the company landed a depot maintenance contract for the US Navy’s 40,000-ton-class auxiliary ship. The company explained that the project was only open to those who had signed a master ship repair agreement (MSRA) with the US Naval Supply Systems Command. Hanwha Ocean announced i

Hyundai Motor Company and Kia have paved the way for their future investment plans as they recently received triple 'A credit' ratings from the leading credit rating agencies in the world. Hyundai and Kia -- Hyundai Motor Group's two automakers -- stand as one of the only four auto brands worldwide to have all A credit ratings from Fitch, Moody's and Standard & Poor's along with Toyota, Honda and Mercedes-Benz. The Korean automakers said they plan to speed up the pus

Samsung SDI and General Motors reaffirmed their commitment to the growth of the electric vehicle market despite the recent slowdown as they finalized the agreement to establish a joint battery plant in the United States on Tuesday. According to Samsung SDI, key representatives from the Korean battery maker and the US automaker attended the signing ceremony at Samsung SDI’s office in Seoul to complete the agreement. Samsung SDI and GM reached an initial agreement in April last year to form

The Korea Archery Association and its decadeslong sponsor Hyundai Motor Group held a congratulatory banquet Tuesday to celebrate the Korean national archers’ unprecedented success -- winning all five available gold medals at the 2024 Olympic Games in Paris earlier this summer. The Korean women’s archery team won its 10th consecutive gold while the men’s team won its third gold in a row. The mixed archery team took the back-to-back titles. Koreans also swept both men's and

HD Hydrogen, a recently established hydrogen fuel cell subsidiary of HD Korea Shipbuilding & Offshore Engineering, recently acquired Finnish fuel cell firm Convion at 72 million euros ($81 million), HD KSOE said Monday. Established in 2012, Convion specializes in manufacturing solid oxide fuel cells, or SOFC, and solid oxide electrolyzer cells, or SOEC, both of which are key technologies for hydrogen energy. According to HD KSOE, the intermediate holdings company under Korean shipbuilding co

진행자: 간형우, Paul Kerry Korea sees panic selling in used EVs 기사 요약: 전기차 화재 이후 중고차 판매 시장에서 매물 쏟아지는 전기차 [1] A mass sell-off of EVs has begun in South Korea, following a fire involving a Mercedes-Benz EV in Incheon that destroyed more than 140 cars and sparked proposals to restrict EVs' access to underground parking lots. sell-off: 매각 spark: 촉발시키다 access: 입장 [2] Since the fire on Aug. 1, the market has been flooded with used EVs. K Car, Korea’s second-largest used car trading platform, r

The popularity of hybrid vehicles has been gaining steam in South Korea as the country is still in an early phase of adapting electric vehicles. Audi’s A7 55 TFSI e quattro Premium, an upgraded plug-in hybrid vehicle, offers an ideal choice for drivers seeking comfortable city driving on electricity and sporty maneuvering on highways. Measuring at a length of 4,975 millimeters, a wheelbase of 2,926 mm, a width of 1,910 mm and a height of 1,425 mm, the A7 PHEV looks longer, wider and lower

Hanwha Aerospace announced Friday that it has completed the construction of the Hanwha Armored Vehicle Centre of Excellence, or H-ACE in Geelong, Australia, signifying the first overseas production foothold for a Korean defense company. “This facility represents Hanwha's commitment to Geelong, Victoria and Australia, demonstrating that the company is focused on the future of programs in this region, including howitzers, vehicles and other technological advancements beyond our current

Sung Kim, a former United States ambassador to South Korea and currently an adviser for Hyundai Motor Group, has been chosen as this year’s recipient of the National Committee on American Foreign Policy’s George F. Kennan Award for Distinguished Public Service, the Korean auto conglomerate said Friday. The NCAFP, which was established in 1974 as a think tank for supporting the US government’s diplomatic and foreign policies, underscored that Kim has built an outstanding diploma

The Casper Electric, Hyundai Motor’s newest all-electric sub-compact sport utility vehicle, might look unassuming but it wins consumers' hearts with a big surprise inside. The Korea Herald got to check out the EV model of the Casper, known as the Inster in overseas markets, in a test drive in Seoul and Gyeonggi Province on Wednesday. The first impression of the EV was the distinguished adorableness featuring harmless-looking circular headlights with pixel-style eyebrows on the front s

Porsche Korea launched the new Taycan on Thursday, the brand’s upgraded all-electric sports sedan, as the German sports car-maker aims to keep building on the success of the EV here. “Since (the Taycan’s) launch in 2020, the demand for (our) first fully electric sports car has exceeded our expectations,” said Holger Gerrmann, CEO of Porsche Korea, during the launch ceremony at Grand Hyatt Seoul. “Last year, the Taycan accounted for a 16 percent share of sales as the

진행자: 간형우, Paul Kerry Seoul records 26 consecutive tropical nights, most on record 기사 요약: 지속되는 폭염으로 역대 최장기간 기록한 열대야 [1] Seoul has endured the longest streak of tropical nights on record, running for 26 consecutive days, and the hot weather is expected to continue. endure: 버티다 streak: 연속 tropical: 열대의 consecutive: 연이은 [2] The current streak, from July 21 to Aug. 15, ties the previous record set in 2018 for the longest run of tropical nights since modern weather monitoring began in 1907. tie: 비

Korean sport utility vehicle dark horse KG Mobility (KGM) unveiled a refreshed brand strategy Tuesday as it launched its new SUV Actyon, with eyes set on expanding its presence in the global market. “KG Mobility has a history that always pursued being the first during its 70-year-long history, including the launch of the Korando and Musso -- the beginnings of traditional SUVs -- and the Chairman, Korea’s first luxury sedan,” said KGM Chairman Kwak Jea-sun during a media event a

Jeep is launching its first all-electric vehicle, the Avenger, in Korea next month. “The Avenger was the first Jeep nameplate offered with an all-electric power train. It marks the Jeep’s brand entrance in the (battery electric vehicle) arena in Korea,” said Matt Nyquist, vice president of global product planning at the Jeep brand, in an online interview with a group of reporters Tuesday. The Jeep official pointed out that the country’s sports utility vehicle segment was

Honeywell, a multinational integrated operating conglomerate, on Monday announced that it has appointed Dean Park as the head of its Korean office as it looks to bolster growth here. According to Honeywell, Park will oversee the delivery of tailored products and solutions designed to meet the local needs of Korea’s key industries that align with the three megatrends -- automation, the future of aviation and energy transition -- shaping Honeywell’s portfolio. The new Korea chief will

Hyundai AutoEver, Hyundai Motor Group’s software subsidiary, has scored a series of orders to build public security infrastructures in developing African nations: Angola and Mozambique. According to information and communications technology industry sources on Sunday, Hyundai AutoEver signed an 89 billion won ($65.7 million) contract with Angola for a security enhancement project in June this year. For the project, Hyundai AutoEver will set up a system similar to the Korean National Police