Hyundai Mobis secured a record high of global orders totaling $9.2 billion last year on the back of the worldwide automation trend in the car sector, the South Korean auto parts manufacturer under Hyundai Motor Group said Monday. Noting that the overseas orders significantly exceeded the originally set target of $5.6 billion, Hyundai Mobis highlighted that the new record was achieved through key parts orders signed with global automakers excluding the two Korean carmakers, Hyundai Motor Company

Mobility Jan. 29, 2024

SINGAPORE -- Porsche has underscored its drive to put a great emphasis on the Southeast Asian region, as the German automaker vowed to find ways to offer various Porsche experiences for the Association of Southeast Asian Nations. “Our business is based on four pillars and (they are) Europe, North America, China and (what we call the) 'overseas region,' which is becoming more and more important,” said Matthias Becker, Porsche’s vice president of region overseas and eme

Mobility Jan. 28, 2024

SINGAPORE -- Porsche debuted the new Macan -- the automaker’s second all-electric vehicle and first battery-powered sport utility vehicle -- in Singapore on Thursday, officially signaling the start of its future lineup based on the company’s EV-dedicated platform. “We are taking the Macan to a completely new level with exceptional E-Performance, the new driver experience and a very impressive design,” said Oliver Blume, chairman of Porsche’s executive board, durin

Mobility Jan. 25, 2024

Hyundai Glovis, a logistics affiliate of Hyundai Motor Group, said Monday that it has decided to invest in Korean battery recycling firm ER to take the lead in the global market as the worldwide demand for electric vehicles is expected to increase. According to the announcement, the two firms signed a share subscription agreement but did not disclose the investment amount or details of the contract. Hyundai Glovis has secured the rights to ER’s preprocessing technology and relevant facilit

Industry Jan. 22, 2024

Chung Mong-joon, the founder and honorary chairman of the Asan Institute of Policy Studies, will attend the late Henry Kissinger's memorial service, slated to be held in New York on Thursday, the South Korean think tank announced Sunday. "Dr. Kissinger’s scholarly and intellectual achievements have influenced how people around the world view the United States and our world order," said Chung in a statement. "We will always remember his wisdom and miss his insights as we

Industry Jan. 21, 2024

Hyundai Motor Company and Kia have set a new record, selling over 1.1 million vehicles in Europe in 2023, the South Korean automakers said Thursday. According to the announcement, Hyundai Motor sold 534,170 units and Kia sold 572,297 units, up 3.1 percent and 5.4 percent on-year, respectively. Together, the two carmakers’ yearly sales increased by 4.3 percent in comparison to the year before. The European Automobile Manufacturers’ Association announced that the European Union's

Mobility Jan. 18, 2024

진행자: 간형우, Ali Abbot Fried chicken voted most popular K-food overseas 기사 요약: 해외 18개 도시서 한식 소비자 조사 실시한 결과 가장 좋아하는 음식은 ‘한국식 치킨’ [1] Korean-style fried chicken was selected as the favorite Korean food outside of Korea, according to the results of a government survey announced Thursday. *result: 결과 [2] In an international study involving some 9,000 people living in 18 major cities across the world, officials investigated the global perception of Korean food. *involve: 포함하다, 관련되다, 참여하다

Podcast Jan. 15, 2024

Water, a Korean electric vehicle charging network operated by Brite Energy Partners, said Friday that it has installed fast chargers for EVs at a Burger King in Cheongju, North Chungcheong Province, as part of its collaborative efforts with retail brands. Established in 2017, BEP finances, acquires and develops clean energy projects such as those in solar and renewable energy, while running clean energy producers and selling electricity. BEP has drawn about 330 billion won ($251 million) in in

Technology Jan. 12, 2024

GS Group Chairman Huh Tae-soo has called on the conglomerate’s affiliates to take their respective technologies to the next level and move toward future businesses, during his visit to the CES 2024 held at the Las Vegas Convention Center, Las Vegas, from Tuesday to Friday. According to the Korean energy, retail and construction giant, Huh looked around the exhibition booths of not only Korean conglomerates such as Samsung, Hyundai Motor and LG, but also those of global firms such as Goog

Industry Jan. 12, 2024

Doosan Group Chairman Park Jeong-won underscored the importance of applying artificial intelligence technology to other business areas as he toured CES 2024 in Las Vegas on Wednesday. “We are closely looking at how far the advancement of AI has come and how it could change the traditional manufacturing industry,” said Park. “We will look for the ties between AI technology and our business and seek business opportunities.” The Doosan chief along with the group’s mana

Industry Jan. 11, 2024

Kia will collaborate with Uber to develop purpose-built vehicles tailored to fit the needs of the car-sharing service provider to expand the automaker’s PBV business, the South Korean carmaker said as the two sides announced their partnership at the CES 2024 in Las Vegas on Wednesday. According to the announcement, the Uber-customized PBV will be developed on the basis of PV5, Kia’s first PBV slated for mass production in 2025. The PV5, which will be the first model to be assembled o

Mobility Jan. 11, 2024

진행자: 간형우, Ali Abbot One in two Koreans physically inactive: report 기사 요약: 한국인 2명 중 1명 WHO 권고 신체활동량 미달…복지부 “성인, 1주일 2시간반∼5시간 중강도 운동 해야” [1] Almost half of Korean adults are not moving their bodies enough, failing to meet the physical activity standards set by the World Health Organization, a health report revealed on Sunday. *reveal: 드러내다, 밝히다 [2] According to the “Physical Activity Guidelines for Koreans Revised Edition,” released by the Ministry of Health an

Podcast Jan. 11, 2024

South Korean shipbuilding and heavy industries conglomerate HD Hyundai is presenting the blueprint of future construction sites utilizing unstaffed autonomous technologies at CES 2024 in Las Vegas this week. According to HD Hyundai, this year’s exhibition has been set up under the core theme of “Xite Transformation,” a land innovation vision to solve the problems humanity is facing, such as security, supply chains and climate change. HD Hyundai divided its exhibition area into

Industry Jan. 10, 2024

South Korea’s new space body, Korea Aerospace Administration, or KASA, is finally set to take flight with the country poised to join the global space race. The National Assembly on Tuesday passed special bills required for establishing and managing the space aviation agency to allow legal grounds for KASA. KASA, inspired by the US National Aeronautics and Space Administration, will be established in Sacheon, South Gyeongsang Province. The space agency is expected to be officially launched

Industry Jan. 9, 2024

South Korean defense firms are seeking to break through into the US market, the biggest in the world, as the industry looks to carry on its export momentum. Hanwha Aerospace on Thursday announced that it completed a field test of its multipurpose unmanned ground vehicle, Arion-SMET, with the US Army and Marine Corps in Hawaii in December. It was the first time a Korean UGV developer had taken part in the US Defense Department’s foreign comparative testing. “Arion-SMET’s partici

Industry Jan. 7, 2024