The Korea Herald

POSCO’s overseas project gains momentum

POSCO plans to inject about $12 billion into a project to construct a new plant and develop an iron ore mine in India, which received the green light from the Indian government on Monday after years of delay.India’s Ministry of Environment and Forests gave POSCO conditional approval to go ahead with buying up land for an integrated steelworks and to continue processes for its plans for iron ore ex

Industry Feb. 1, 2011

Hyundai Heavy delivers a record 1,700th ship

Hyundai Heavy Industries Co. has delivered its 1,700th vessel, becoming the world’s first shipyard to pass the milestone figure, the firm announced Monday.The shipyard’s 1,700th vessel, a car carrier capable of loading 8,100 vehicles, was delivered to the Seoul-based EUKOR Car Carriers Inc. EUKOR Car Carriers is one of the world’s largest shipping firms specializing in automobile transportation, a

Industry Jan. 31, 2011

Volkswagen, Porsche, BMW feel pinch of tight supplies

Volkswagen AG, Porsche SE and Bayerische Motoren Werke AG are feeling the pinch of tight component supplies as parts-makers struggle to keep pace with resurgent vehicle demand.Volkswagen, Europe’s biggest automaker, will halt production at its main factory in Wolfsburg, Germany, on Jan. 31, because of a shortage of engines and other parts. BMW, the world’s biggest luxury-car maker, Porsche and Dai

Mobility Jan. 30, 2011

Hyundai introduces hybrid bus

Hyundai Motor Co. unveiled the Blue City compress natural gas-electric hybrid bus for the first time on Jan. 25.The vehicle is fitted with a 240-brake horsepower engine ― running on compressed natural gas ― and a 60 kilowatt or 80 brake horsepower electric motor powered by a 3.8 kilowatt hour lithium polymer battery pack. Blue CityAccording to the company the Blue City is able to travel 340 kilom

Mobility Jan. 30, 2011

Test drive Kia Morning for Valentine’s

Kia Motors Corp. is offering a chance to test drive the city car Morning for four days from Feb. 12 to 15.The event is open to anyone with a valid driver’s license over the age of 21, and applications can be submitted on the company’s website at www.kia.co.kr.The company will announce 50 successful applicants on the website from Feb. 10. Those selected for the event will also be given mobile coupo

Mobility Jan. 30, 2011

Renault Samsung offers discount on service

Renault Samsung Motors Co. is offering a 20 percent discount on mechanics fees and selected parts until Feb. 18.During the period, those replacing engine oils, batteries, anti-freeze fluid and brake pads will be able to receive services at the discount rates at the 448 directly-operated and associated service centers across the country. The offer is available for all Renault Samsung vehicles. For

Mobility Jan. 30, 2011

Ferrari likely to unveil station wagon

GENEVA (DPA) ― Ferrari is apparently planning to unveil at the Geneva Motor Show in March a Shooting Brake station wagon concept car based on the 612 Scaglietti, after spy shots of a car were revealed recently.The Italians could be testing the market for cars that could compete against the likes of the Porsche Panamera or other luxury sports utility vehicles, fitted with a V12 engine of some 540 h

Mobility Jan. 30, 2011

BMW dominates large bike market

Three of last year’s top five bestselling motorcycles with larger than 500 cubic centimeter engine displacement, excluding scooters, were BMW vehicles, BMW Korea announced Thursday.According to industry data, BMW’s S1000RR topped the list with 129 units sold last year. The BMW R1200GS came in third with 104 units, while the R1200RT came in fifth with 83 units. S1000RRThe second bestselling motorcy

Mobility Jan. 30, 2011

Volkswagen revives plan for fuel-thrifty car

BERLIN (DPA) ― Volkswagen, Europe’s biggest carmaker, has brought plans for a fuel-thrifty car out of abeyance and will display an ultra-light hybrid car at the Qatar Motor Show at the end of this month, according to a German magazine.Volkswagen has spoken for years of making a car that can travel 100 kilometers on just 1 litre of fuel, but has never put one on sale. The magazine Wirtschaftswoche

Mobility Jan. 30, 2011

The tricycle that roared ― world’s first car weighed-in 125 years ago

STUTTGART, Germany (DPA) ― It is not the most handsome, the most valuable or the fastest of its kind but it does have a very special distinction.The frail-looking patent motor vehicle in the style of a tricycle which burst on the scene in Germany 125 years ago is regarded as the world’s very first automobile.Replicas of the pioneering three-wheeler submitted to the German Imperial Patent Office on

Mobility Jan. 30, 2011

The tricycle that roared ― world’s first car weighed-in 125 years ago

Tata looks at selling Nano in Asia

Tata Motors Ltd. may expand sales of the Nano, the world’s cheapest car, to countries such as Thailand, Sri Lanka and Bangladesh as early as this year as demand for the egg-shaped vehicle rebounds in India.“We will go after these markets one after another,” Tata chief executive officer Carl-Peter Forster said Thursday at an auto-industry event in Bochum, Germany. Tata Motors Ltd. Nano vehicles ar

Mobility Jan. 30, 2011

Kia posts record revenue, profit on sales

Kia Motors Corp. saw its sales and profits reach an all-time high in 2010, fueled by massive improvements in sales seen both at home and abroad.The carmaker Friday reported yearly sales of 23.26 trillion won ($20.88 billion) and operating profit of 1.68 trillion won, up respectively 26.3 percent and 46.8 percent from a year earlier.Over the corresponding period, the company’s net profits jumped 55

Industry Jan. 28, 2011

POSCO steps up resources development

Steelmaker boosts magnesium capabilities in its diversification driveAs magnesium alloys emerge as next-generation material for vehicles, POSCO, the world’s fourth-largest steelmaker, is betting on the metal to fuel the next stage of its drive to become an all-round materials developer.While the market for magnesium alloys remains relatively small, such materials have become key candidates for use

Industry Jan. 27, 2011

Hyundai Motor net soars to 5.27tr won

Hyundai Motor Co.’s net annual profits broke the 5 trillion won mark for the first time in 2010 buoyed by improving performances from overseas operations, the company announced Thursday.The company’s net profits for 2010 jumped 77.8 percent from the previous year to come in at 5.27 trillion won ($4.73 billion), while operating profits came in at 3.23 trillion won, up 44.4 percent from 2009.The com

Industry Jan. 27, 2011

Korea catches up in water technologies

Korea has significantly narrowed the gap with advanced countries in water-related technologies under a government initiative to nurture growth, officials said Wednesday.For the past decade, the level of Korea’s technological capabilities in related fields have risen to about 80 percent that of advanced nations from 40 percent, according to the Ministry of Land, Transport and Maritime Affairs. A to

Industry Jan. 26, 2011

Articles by 최희석