Hyundai Motor Group appointed powertrain expert Alain Raposo as executive vice president in charge of its powertrain tech unit at the group’s research and development division on Friday. Hyundai said Raposo will be responsible for engine, transmission and electrification development for Hyundai and Kia brands at the group’s global R&D headquarters, starting Monday. According to the automaker, Raposo is an expert who has led the research and development for powertrains, electr

Mobility Sept. 25, 2020

Hyundai Motor said Friday it is participating in this year’s ADAC Total 24H Race to be held in Nurburgring, Germany, with three vehicles from its high-performance brand N. Hyundai Motor said all of its three vehicles of Hyundai N -- i30 N TCR, Veloster N TCR and i30 Fastback N -- will compete in the contest from Sept. 26 to 27 to test their endurance. It is the fifth time the automaker is taking part in the race since 2016, the company said. The Nurburgring circuit is a 25-kilometer c

Mobility Sept. 25, 2020

Hyundai Motor Group said Thursday it has scouted Tomaso Poggio and Daniela Rus, experts on artificial intelligence, to work together on various projects of AI technology development. Poggio and Rus are serving as technology consultants and have been giving advice on utilizing AI to build planning and technological strategies for new business models, to establish a global research organization and to set investment directions for research infrastructures. Poggio, who heads the Center for Br

Mobility Sept. 24, 2020

Posco, a South Korean steelmaker, said Thursday it received dividends of about 50 billion won ($42.6 million) from Roy Hill Holdings, which operates an iron ore mine in Australia. According to Posco, the Roy Hill Holdings board of directors agreed to start profit-sharing for the first time, seeing the improved financial solvency and profit. Hancock Prospecting owns 70 percent of Roy Hill Holdings, and the remainder of the shares is held through a consortium, in which Posco is included along w

Industry Sept. 24, 2020

진행자: 조혜림, Kevin Lee Selzer 1. Child porn offenders could be sentenced to 29 years in jail 요약: 대법 양형위 새 양형기준안 발표, 아동청소년 성착취물 범죄, 최고 29년 3개월 형 선고 가능 [1] The country’s highest court decided to strengthen sentencing guidelines for digital sex crimes Tuesday, enabling producers of child pornography to be punished by up to 29 years in prison. *sentence: 형벌, 형을 선고하다 *enable: (사람에게) ~을 할 수 있게하다 [2] The decision from the Supreme Court’s sentencing commission came following public outcry

Podcast Sept. 23, 2020

For the upcoming Chuseok holidays, Victorinox suggested special gift items that satisfy both in style and quality, including its iconic army knife, swiss-made watch and backpack. Victorinox said its Altmont Professional Fliptop Laptop Backpack is perfect fit for office workers, with its iconic design appropriate in business settings, and with great storage capacity. The flagship product Victorinox Swiss Army Knife will make as a special gift, as it come in different sizes and has a wide rang

Consumer Sept. 20, 2020

As the majority of Koreans plan to stay at home during the upcoming Chuseok holiday, ready-meals and unique pandemic-related gift sets are selling like hot cakes. Homeplus, a local supermarket chain, said it saw an 83 percent increase in online sales of refrigerated convenient meal products from Sept. 1 to 8, compared to the same period in the previous month. The sales figure is up 159 percent on-year. The retailer said people are buying more ready-meal products that they can conveniently h

Consumer Sept. 20, 2020

Hyunday Motor announced the launch of the overhauled version of its bestselling sport utility vehicle Tucson in a world premiere online event Tuesday. It is the fourth generation of the vehicle, released five years after the third generation. The all-new Tucson embraces a new exterior styling of Hyundai’s “sensuous sportiness” design identity, the automaker said. The Tucson‘s identity is emphasized through the “parametric dynamics” with kinetic jewel sur

Mobility Sept. 15, 2020

To celebrate the country’s first Youth Day, Starbucks Coffee Korea said it organized an online event to give out 2,030 tumblers to customers from Tuesday to Friday. The Youth Law implemented from August designates every third Saturday in September as Youth Day. The presidential decree has set Youth Day as a public anniversary to encourage and support the youth and also raise awareness on issues related to young people. This year the day falls on Saturday. Jointly with the Prime Minist

Consumer Sept. 15, 2020

YONGIN, Gyeonggi Province -- At this year’s Porsche World Roadshow, the automaker presented Taycan, the very first all-electric Porsche sports car, to South Korea for the first time. It was one of 26 vehicle models delivered from the German head office for the PWRS, which was held from Aug. 31 to Sept. 10. Of the four sessions planned for PWRS, the automaker organized a session dedicated to the Taycan, to introduce the Taycan Turbo and Turbo S models. “Taycan is 100 percent el

Mobility Sept. 13, 2020

Of the many streams that weave through the crowded city of Seoul, Hongjecheon one of the first tributaries of the Han River, passes many historic monuments.  The 13.92-kilometer stream starts in the mountains just north of the city, and courses through Seodaemun-gu and Mapo-gu districts in the west of Seoul before reaching the Han. Built on Hongjecheon is Hongjimun, a structure that connected Hanyangdoseong, or the Seoul City Wall, and Bukhansanseong, a nearby mountain fortress. Built du

Travel Sept. 12, 2020

Since the launch of its first store in Seattle in 1971, Starbucks Coffee has grown into an empire, making forays into more than 80 countries to operate some 30,000 stores across the globe. In South Korea, the coffee giant introduced its first store in front of Ewha Womans University in Seoul in 1999 in partnership with Shinsegae Group, a Korean retail conglomerate. Shinsegae initially acquired the operation license from Starbucks, and Shinsegae’s hypermart affiliate Emart and the coffe

Consumer Sept. 6, 2020

Samsung Electronics said Sunday it has signed a partnership agreement with Hanssem, the country’s leading furniture maker, to seek business opportunities in the home interior remodeling market as consumers pay more atttention to their living spaces amid social distancing efforts. On Friday, the parties inked a memorandum of understanding and agreed to cooperate on expanding their house remodeling business; to explore new business models on retail sales; to develop smart home solutions.

Industry Sept. 6, 2020

Fiat Chrysler Automobiles has unveiled a plug-in electric sports utility vehicle, the Wrangler 4xe, and a revamp of a classic SUV, the All-New Grand Wagoneer next year. The automaker on Friday livestreamed the showcase held in Detroit on YouTube, to reveal the two new models. Jeep Wrangler 4xe is equipped with two electric motors and a 400-volt lithium-ion battery that can move up to 40 kilometers solely on electric power, cutting down both engine noise and carbon emissions. The automaker

Mobility Sept. 6, 2020

Porsche Korea unveiled the brand’s first electronic sports car in the country, the Taycan, at the 2020 Porsche World Roadshow on Wednesday, where it also presented all of its other models, including ones that have not yet hit the Korean market. For this year’s Porsche World Roadshow, hosted by Porsche’s German head office, the automaker brought in all of its 26 vehicle models, including the Taycan, 911, 718 Boxster and Cayman, for participants to test-drive and fully experien

Mobility Sept. 3, 2020