Samsung SDI has decided to sell its polarizing film business to China’s Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won ($833.3 million) as the company aims to focus on honing the competitiveness of its electronic materials unit, the Korean battery maker said Tuesday. Polarizing films, optical films that allow displays to show an image by controlling the amount of light, affect the image quality of the screen. According to the company’s regulatory filing, Samsung SDI&rsqu

Companies Sept. 10, 2024

NCSoft is seeking answers to rebound with new titles and managerial overhauling efforts amid its falling stock price, as the first-generation South Korean gaming powerhouse hopes to get back to the throne. Experts forecast that the success of new games NC plans to roll out and reorganization of human resources will determine whether the game developer can turn things around in the short term. Plummeting shares NC’s stock has been practically in a free fall since reaching its peak at 1.

Companies Sept. 8, 2024

The South Korean government said Friday it will certify the safety of electric vehicle batteries beginning October, four months ahead of the initial plan, as it rolled out various measures to prevent EV fires. According to the government’s EV fire safety management measures, both domestic and imported auto brands will be subject to the authorities’ EV battery certification requirement. The government will disclose the information of the battery cell manufacturer, battery type and key

Mobility Sept. 6, 2024

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

Mobility Sept. 4, 2024

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

Companies Sept. 4, 2024

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

Mobility Sept. 3, 2024

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

Mobility Sept. 2, 2024

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

Companies Aug. 29, 2024

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

Companies Aug. 29, 2024

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

Mobility Aug. 28, 2024

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

More Sports Aug. 27, 2024

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

Companies Aug. 26, 2024

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

Podcast Aug. 26, 2024

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

Mobility Aug. 25, 2024

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

Companies Aug. 23, 2024