The Korea AeroSpace Administration, the government’s new space body, officially began operations last week with the hope of vaulting the country into the category of the top five space leaders across the globe. Steve Chien, a longtime artificial intelligence expert at the US National Aeronautics and Space Administration, says the space sector should try to have a “balanced portfolio.” “You have the government. You have big companies. You have small companies. You have uni

Industry June 2, 2024

Hanwha Ocean has bolstered its partnerships with Canadian companies to strengthen its submarine businesses, the Korean shipbuilder said Friday. According to the company, Hanwha Ocean signed a teaming agreement with CAE, a Canadian simulation technologies developer that provides integrated live, virtual and constructive training solutions for defense forces, at Canada's largest defense and security trade show CANSEC in Ottawa. Hanwha Ocean and Hanwha Aerospace were the only Korean firms to p

Companies May 31, 2024

Hanwha Group has made the list of Time magazine's 100 Most Influential Companies in the world for the first time, as the only Korean company recognized this year. The list, which was unveiled on Thursday, described Hanwha as the "Lockheed Martin" of Asia, pointing out that the conglomerate had a good business year amid the ongoing global geopolitical crises. The US magazine noted that Hanwha Aerospace's market value jumped 69 percent last year to top $7.8 billion through sign

Companies May 31, 2024

사우디아라비아가 전 세계 e스포츠와 게임의 중심지로 거듭나기 위해 수십조 원을 공격적으로 투자하는 가운데, 사우디 게임 산업 발전 전략의 실권자인 파이살 빈 반다르 빈 술탄 알사우드 왕자가 한국 게임 업체들과의 협업 확대를 위해 서울을 방문했다. 사우디아라비아 e스포츠 연맹 회장인 빈 반다르 왕자는 29일 시그니엘 서울에서 진행된 코리아헤럴드와의 인터뷰에서 “사우디 게임 업계가 당면한 과제는 다름 아닌 현지화다. 한국 기업들이 물리적으로도 사우디에 진출해야 하는 것도 바로 이 때문”이라고 말했다. 사우디 최상위 권력인 무함마드 빈 살만 왕세자의 5촌인 빈 반다르 왕자는 사우디국부펀드(Public Investment Fund) 산하의 게임 회사인 ‘새비 게임즈 그룹(Savvy Games Group)’의 부회장이기도 하다. 사우디국부펀드는 엔씨소프트와 넥슨의 지분을 각 9.26%와 10.54%씩 확보해 화제가 된 바 있다. 2022년 사우디는

한국어판 May 30, 2024

LS Eco Energy, an Asia-focused subsidiary of LS Cable & System, has identified submarine cables and rare-earth elements as the new growth engine for future business as the company aims to more than double its annual sales by 2030. “For the next 15 years and beyond, large electricity demand will continue across the world,” said Lee Sang-ho, CEO of LS Eco Energy, in a press conference held Tuesday at the Federation of Korean Industries building in Seoul. “By expanding the cab

Companies May 30, 2024

Saudi Arabia is looking for more collaboration with Korean game companies as the Middle Eastern country has been aggressively spending billions of dollars to develop its gaming industry with the ultimate goal of becoming a global esports hub, Riyadh’s top gaming officials said Wednesday. “We're looking to start a conversation to make sure that we can be a good partner and see where we can collaborate and where we can be good partners,” said Prince Faisal bin Bandar bin Sul

Industry May 30, 2024

Hyundai Motor Group has recruited Manfred Harrer, former lead developer of Porsche’s first all-electric vehicle Taycan, to take the helm of developing products for the Korean carmaker’s luxury brand Genesis and Hyundai Motor’s high-performance N series, the company said Tuesday. According to the auto conglomerate, Harrer has been appointed as the head of Genesis & Performance Development Tech Unit, which operates under the Research & Development Division of Hyundai Moto

Mobility May 28, 2024

South Korea officially opened its first independent space-dedicated body, the Korea AeroSpace Administration, on Monday. “The role of KASA can be divided into four main sectors: establishing national aerospace policies, fostering talents while conducting R&D, promoting industry and international cooperation,” said Yoon Young-bin, chief of KASA and former aerospace engineering professor at Seoul National University, as he addressed his fellow officials in Sacheon, South Gyeongsang

Industry May 27, 2024

LEIPZIG, Germany -- The automotive security sector has never been more important with the growth of connected cars and the advancement of software for vehicles. Autocrypt, a South Korean startup, has been making strides and is looking to become a leading provider of automotive cybersecurity and mobility solutions. “Cars are now equipped with loads of software so now they are exposed to hacking like computers (facing risks) in the backend server and various (types of) IT infrastructure,&rdq

Technology May 27, 2024

LEIPZIG, Germany -- Bright rays of sunlight shone through the roof Thursday morning at the assembly building of Porsche’s manufacturing plant in Leipzig, Germany, enlivening the atmosphere of the busy production site. The German sports carmaker’s Leipzig plant shattered the traditional image of auto factories being rather grey and stifling as The Korea Herald visited the site as a part of this year’s International Transport Forum held at the Congress Center Leipzig from Wednesd

Mobility May 26, 2024

LEIPZIG, Germany -- Global transport leaders have called for the importance of bolstering environmentally friendly transportation during these times of climate, health and geopolitical crisis at this year’s International Transport Forum’s annual summit in Leipzig, Germany. “The world is facing what can be described as a polycrisis, in other words, a situation with multiple simultaneous disruptions that interact and can quickly spill over from one area to another,” said IT

Mobility May 23, 2024

Hyundai Motor Group revealed Monday new concept images of its envisioned landmark named Global Business Complex with an emphasis on creating a foothold in global innovation for the future mobility industry and an eco-friendly site in Seoul. The auto conglomerate said the change in the GBC’s name, which was originally known as the Global Business Center, highlights the new landmark’s inclusiveness for visitors. Hyundai Motor plans to build two 55-story buildings at a height of 242 met

Companies May 20, 2024

진행자: 간형우, Ali Abbot Seoul transit pass for travelers to be available starting July 기사 요약: 서울시, 오는 7월 중 기후동행카드 단기권인 '관광권'을 출시해 내·외국인 관광객들에게 맞춤형 서비스를 제공할 계획 [1] Seoul's all-inclusive transit pass, the "Climate Card," will soon be available for short-term use by visitors to Korea starting in July, the Seoul Metropolitan Government said Sunday. *inclusive: 포함된 *term: 용어, 기간 [2] The city's initiative to introduce a short-term pass, available for one, two, three,

Podcast May 20, 2024

Lotte and SK both made announcements of progress in their entries to the US EV charging market Thursday, joining LG as Korean conglomerates competing in the burgeoning sector. Lotte Innovate announced Thursday that it had recently established EVSIS America, a US unit of its EV charging subsidiary and secured about 3,300 square meters of land in California to build an EV charger factory. Lotte Innovate plans to complete preparations for the California plant’s production lines before the end

Mobility May 17, 2024

Researchers at the Korea Advanced Institute of Science and Technology have developed the world’s first technology to extend the lifespan of electric vehicle batteries by 10 to 20 percent, KAIST said Thursday. The study, which was supported by Hyundai Motor Group, came up with a triazole-motivated electrolyte additive that can significantly increase the duration of lithium-ion batteries. According to the researchers, the new electrolyte additive succeeded in protecting lithium iron phosphat

Technology May 16, 2024