The Korea Herald

Hyundai Heavy completes world’s largest gas power plant

Hyundai Heavy Industries announced Sunday that it completed building the world’s largest gas-powered power station in Saudi Arabia.Located in Jubail in Eastern Saudi Arabia, the plant was built as part of a $2.7 billion contract for a power and desalination plant issued by the state-run utilities firm Marafiq in 2007. The contract was awarded to an international consortium composed of Hyundai Heav

Industry April 10, 2011

Interest-free installment on Nissan models

Nissan Korea is offering special financing programs on the Altima+ sedan and the crossover utility vehicle Murano until the end of the month.With the Altima+ 3.5 and the Murano, the company is offering a 36-month interest-free installment program with 35 percent of the price paid up front. AltimaFor the Murano, the company will also provide a 4 million won ($3,700) fuel voucher to those making the

Mobility April 10, 2011

Interest-free installment on Nissan models

Kia offers checkups to mark 10 millionth export

Kia Motors Corp. is offering free checkups to mark its exports hitting over 10 million units on March 23. As part of the event, the company will be offering checkups to Kia owners living on major islands scattered along the coast of the country, including Ullenung island in the East Sea, until May 19. Starting Tuesday, the company will check the air conditioning systems fitted in Kia vehicles used

Mobility April 10, 2011

Limited-time offer on Peugeot 207GT

Hanbul Motors, Korea’s official Peugeot importer and distributor, is offering a special financing scheme on the 207GT during April to mark the model’s global sales breaking the 2 million mark.Until the end of the month, those purchasing the vehicle can choose between a 24-month interest-free installment program or a lease financing scheme. Peugeot 207GTUsing the zero-interest installment program,

Mobility April 10, 2011

Hyundai, NHN step up IT efforts

Hyundai Motor Group announced Sunday that its two carmakers signed a memorandum of understanding with NHN Corp. to collaborate in the field of automotive information technology and telematics.NHN is the operator of the country’s top search engine Naver. Combining telecommunications and informatics, telematics for automobiles refers to the application of wireless telecommunications tools including

Mobility April 10, 2011

HHI wins wind power generator contract

Hyundai Heavy Industries Co. announced Wednesday that it signed a contract to supply eight wind-power generators to a Finnish power company.According to Hyundai Heavy, this is the first time a Korean company has been contracted to supply wind-power generating equipment to a European country. Under the contract, Hyundai Heavy will deliver eight 2-megawatt wind-power generators to Finnish Power to b

Industry April 6, 2011

LSIS shows wares at German expo

LSIS, a local electric equipment manufacturer, is taking part in the Hannover Messe exhibition as it gears up to expand its global operations, the company said Wednesday.The company said that its exhibits at the show, which is held in Hannover, Germany until Friday, includes power control and automation products, and green business solutions such as electric car chargers, and solar energy solution

Industry April 6, 2011

Hyundai Mobis focuses on technology, environment, human values

Latest products from Korea’s top auto parts maker turn heads at Seoul Motor ShowHyundai Mobis Co., South Korea’s largest automobile parts manufacturer, is grabbing the limelight at the Seoul Motor Show with its latest products emphasizing environmental and human values as well as technological edge. The event is underway at the KINTEX exhibition center in Goyang, Gyeonggi Province on the largest s

Mobility April 6, 2011

Hyundai Mobis focuses on technology, environment, human values

[Herald interview] U.S. law firm hopes for opportunities with Korean investors

While the U.S. is a major market for financial investors across the world, its complex financial laws represent a major hurdle for those looking to invest in the country. For the New York-based law firm Kirby McInerney LLP, which specializes in complex commercial litigations, that blind spot offers handsome opportunities for business with largely Asian investors who need help to navigate through i

Industry April 5, 2011

[Herald interview] U.S. law firm hopes for opportunities with Korean investors

Minister apologizes for FTA gaffe

Trade Ministry completes fixing mistakes in translation of Korea-EU agreementTrade Minister Kim Jong-hoon apologized to the public on Monday for mistakes in the Korean-language version of the Korea-E.U. free trade agreement. In a news conference, he pledged to punish officials responsible for the blunder that delayed parliamentary ratification and hurt the reputation of the trade authorities.The T

Industry April 4, 2011

Hyundai Heavy starts work at R&D center in Shanghai

The world’s largest shipyard Hyundai Heavy Industries announced Monday that its Shanghai-based Global Research and Development Center began operations this month.According to the company, the R&D center will first focus on developing new products and technologies in areas concerning Hyundai Heavy’s current operations in China including construction equipment and engines. In the long term, the cent

Industry April 4, 2011

Discount on Mercedes-Benz collection

Mercedes-Benz Korea is holding an online event offering 20 percent discount coupons to those who join the Mercedes-Benz Collection homepage to mark the German carmaker’s 125th anniversary. The Mercedes-Benz Collection consists of Mercedes-Benz memorabilia including clothing and accessories. The offer, available until April 20, is available to those joining the website for the first time. In additi

Mobility April 3, 2011

Free iPad2 with Cadillac

GM Korea, the distributor of Cadillac vehicles in Korea, is offering iPad2 tablet computers with all Cadillac vehicles purchased during the Seoul Motor Show.The show is open until April 10.To mark GM Korea’s participation in the show, the company is offering the iPad2 for customers who sign purchase contracts before the show’s end, and receive their vehicles before the end of the month. Cadillac

Mobility April 3, 2011

Chrysler begins free checkup campaign

Chrysler Korea is holding the “2011 Refresh Campaign,” which offers free checkup services for Chrysler vehicles registered before Dec. 31, 2007 until the end of the month. Models pose with the compact sport utility vehicle New Compass released by Chrysler Korea last month. (Yonhap News)Owners of Chrysler, Jeep and Dodge vehicles registered before the specified date will be offered a comprehensive

Mobility April 3, 2011

Fiat to up its Chrysler stake to 35 percent

TURIN, Italy (DPA) ― Fiat intends to increase by 10 percent its current 25 percent controlling interest in U.S. carmaker Chrysler, the chief executive of both companies, Sergio Marchionne, said Wednesday.“We will soon bring our stake in Chrysler to 35 percent, Marchionne said during a Fiat shareholders’ meeting at the Italian company’s Turin headquarters, indicating the move would happen soon.Figu

Mobility April 3, 2011

Articles by 최희석