Audi Volkswagen Korea is committed to going net zero by 2050 and hopes to set an example for the car industry, the automaker said Friday. In a press conference, Audi Volkswagen Korea Group Managing Director Rene Koneberg said pursuing carbon neutrality is a task that everyone should work together to achieve. To highlight the seriousness of the climate change issue and the importance of reducing our carbon footprint, Audi Volkswagen Korea has also opened an exhibition titled “goTOzero&r

Mobility May 31, 2021

Posco has taken another step forward in the secondary battery recycling business, as it landed a new partnership deal with Chinese cobalt supplier Huayou Cobalt on Friday. The steelmaker inked a joint investment deal with the government of South Jeolla Province and Huayou Cobalt, a Shanghai-listed company specializing in material refining and purification. The secondary recycling business involves extracting core materials used in making secondary batteries, such as nickel and lithium fro

Industry May 28, 2021

Under a light drizzle on Thursday morning, a group of young people stood outside a McDonald’s in Sinchon, Seoul, waiting in line. “Since the announcement in April, I have been waiting for the launch of the BTS Meal, and I am very glad to finally have it today,” Toni Yeptho told The Korea Herald as she stepped outside with a McDonald’s meal to go. Not just any meal, but the BTS Meal. Clad in her green BTS sweatshirt, Toni, an exchange student from India, introduced he

Consumer May 27, 2021

Volvo Cars Korea was once one of the back markers in South Korea’s automotive market, but it has emerged as a force to be reckoned with in recent years, thanks to its reputation for safety. As cases accumulated over time that highlighted Volvo cars’ strength, the automaker’s sales, which were still below 2,000 units in 2013, have surpassed the 10,000-unit mark for two years running, setting a new sales record of 12,798 units in 2020. Now, the automaker is charging ahead for

Mobility May 27, 2021

South Korean food company SPC Samlip has signed an exclusive contract with US-based Chobani to distribute and sell their yogurt products here, the company said Thursday. Starting July, SPC Samlip said it will exclusively supply Chobani products to retailers here, and also work on producing new products under the brand using homegrown ingredients. Chobani supports the Farmer’s Assuring Responsible Management animal welfare program, which ensures that farms supplying milk to the company

Consumer May 27, 2021

Posco broke ground on a 760 billion-won plant for lithium hydroxide, a key material for electric vehicle batteries, in Gwangyang, South Jeolla Province, the company said Wednesday. The factory, to occupy a 196,000-square-meter plot inside the Yulchon Industrial Complex in Gwangyang, would have an annual production capacity of 43,000 metric tons of lithium hydroxide, a volume enough to produce 1 billion electric vehicles, the company said. The construction is expected to complete in 2023.

Industry May 26, 2021

SK global chemical received the highest mark on a United Nations environment-friendly certification thanks to its plastic upcycling technology, the company said Tuesday. According to the company, it received the top score for the Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration (GRP) certificate, which the Association for Supporting the Sustainable Development Goals of the UN announces every May. The GRP certificate is aimed to encourage companies

Industry May 25, 2021

Hyundai Steel is running an upcycling campaign to find new uses for discarded coffee grounds as part of its social contribution project, the company said Monday. From May 17 to June 16, the steelmaker is putting up advertisements showing eco-friendly products made from coffee waste inside subway stations and on city buses operating in Incheon, the company said. The campaign is designed to promote the idea of upcycling coffee waste. People who take selfies with the advertisements and post th

Industry May 24, 2021

With the Earth’s rapidly changing climate and its consequences being felt around the world, calls are growing for nations to take immediate action to tackle the issue. To play its part in the global fight against climate change, South Korea is implementing measures to become a net-zero emitter of greenhouse gases. Among them is a plan to plant 3 billion trees by 2050, and the key is to keep the country’s forests young, Choi Byeong-am, the minister of the Korea Forest Service tol

Industry May 23, 2021

Major business associations in South Korea welcomed the outcome of President Moon Jae-in’s visit to the US, and praised announced partnerships on strategic business areas including semiconductor chips and batteries. The Federation of Korean Industries, a major business lobbying group here, issued a statement on Sunday on the business agreements made over the weekend in line with President Moon’s summit talks with his US counterpart Joe Biden. “We view the agreement of the

Industry May 23, 2021

As the car industry is moving fast to migrate to environmentally friendly energy sources, Hyundai Steel is going full steam ahead with its hydrogen business.　 The steelmaker said Thursday that it will expand its hydrogen business to go in tandem with its biggest client Hyundai Motor Group’s fuel cell electric vehicle production. Hyundai Motor Group, in its Fuel Cell Electric Vehicle Vision 2030 unveiled in 2018, said it would produce 500,000 FCEV units by 2030. It was in 2016 that Hyun

Industry May 20, 2021

What completes a perfect ride relies not only on the car’s driving performance, but also how it instills a sense of self-worth and pride in the driver, people here often say. Luxury Italian automaker Maserati’s sport utility vehicle Levante S ticks all of those boxes, naturally catching the eyes of passersby with its classy, yet powerful aura. The Korea Herald had the chance to test drive the Maserati Levante S GranSport Zegna Pelletessuta, the limited edition model whose interi

Mobility May 20, 2021

Posco International has agreed to supply tools and materials for Korea Midland Power’s overseas renewable energy business under a new partnership agreement, the company said Tuesday. The trade arm of Posco, the country’s leading steelmaker, signed a memorandum of understanding with KOMIPO for the supply agreement, with Posco International President and Chief Executive Officer Joo Si-bo and KOMIPO President Kim Ho-bin in attendance. “We wish for the country to gain a footho

Industry May 18, 2021

Convenience store chain GS25 is opening three locations in Mongolia, in its second major overseas foray, the company said on Tuesday. According to GS Retail, the firm behind the chain, it has partnered with Shunkhlai Group, one of leading conglomerates in the country, to enter the Mongolian market. A launch event was held in both South Korea and Mongolia, livestreamed online on Tuesday, with company officials as well as dignitaries from both countries in attendance, including the South Kore

Consumer May 18, 2021

Han Sung Motor, the largest Mercedes-Benz dealer here, presented its third signature perfume, Passion Mystique, as part of efforts to better connect with its customers, the company said Monday. To create a new brand experience, Han Sung Motor has sought to link its unique fragrances with the brand’s identity, and launched its first signature perfume Hansung Interior Fragrance in 2015 upon the company’s 30th anniversary. The company released Han Sung No. 2 in the following year. A

Mobility May 18, 2021