Articles by Kan Hyeong-woo
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Kan Hyeong-woo
hwkan@heraldcorp.com-
Boryung launches space initiative with global partners
South Korean health care company Boryung has launched a global space initiative to advance human activities in space with industry-leading partners, the company said Tuesday. Boryung has joined hands with Axiom Space, a US commercial space station developer, and the Space Exploration Initiative, a research institute at the Massachusetts Institute of Technology, for the Humans in Space program. The HIS program marks the second global-scale space project for Boryung, after the South Korean health
Technology May 30, 2023
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Posco Future M secures $221m funding from Canada for new plant
A joint venture project between Posco Future M and General Motors has secured 300 million Canadian dollars ($221 million) in funding from Canada to build an electric vehicles' battery materials plant. The provincial government of Quebec and the Canadian federal government on Monday announced the financial support plan to aid the joint venture project, named Ultium CAM, to construct the country's first cathode production factory. The public investment is aimed at strengthening the supp
Industry May 30, 2023
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Hyundai Motor taps ex-presidential aide as global affairs executive
Hyundai Motor Group has reportedly recruited Kim Il-bum, a former presidential secretary, to strengthen its global public affairs competency, according to sources on Tuesday. Kim, who resigned from the presidential secretary position in March, is expected to begin working as an executive vice president at the auto giant in July. He is expected to help the company cope with challenging tasks amid a global supply chain crisis and bolster networks with foreign governments. "We are aware that t
Mobility May 30, 2023
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[Beyond Earth] Korean lunar rover developer aims for first mission in 2032
South Korea’s consecutive successes with the homegrown Nuri rocket and lunar orbiter Danuri have led to the government’s ambitious road map to land on the moon in 2032 and on Mars in 2045. While the spotlight has been shining on rockets and satellites, less attention has been paid to the sector of space robotics. Unmanned Exploration Laboratory, a Korean startup led by a young CEO, is working relentlessly to develop lunar-roving vehicles as the country’s only player to make suc
Technology May 29, 2023
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[Test Drive] Kona Electric flaunts longer range, bigger space
The all-new Kona Electric -- Hyundai Motor’s latest all-electric compact sport utility vehicle -- is looking to lure customers with a roomier interior, longer driving range and sound riding experience. The South Korean automaker on Tuesday held a test drive event for local journalists to ride the Kona EV over a 172-kilometer-long course beginning from Hanam, Gyeonggi Province and ending in Sokcho, Gangwon Province. At first glance, the all-electric SUV did not appear too “compact.&rd
Mobility May 26, 2023
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Korea launches 3rd Nuri rocket
GOHEUNG, South Jeolla Province -- South Korea successfully conducted the third launch of the homegrown Nuri rocket Thursday, as the satellite launch vehicle reached the targeted altitude and released satellites into orbit, marking another space milestone for the country. “Following the success of the Nuri rocket’s second launch last year, today’s third launch affirmed the Nuri rocket’s flight capability and secured reliability. At the same time, it was a chance to reaffir
Technology May 25, 2023
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Nuri rocket’s 3rd launch postponed
GOHEUNG, South Jeolla Province -- South Korea postponed the third launch of the homegrown Nuri rocket due to a software error during the preparation process, the Ministry of Science and ICT said Wednesday. “During the checkup on the low-temperature helium valve control, a problem occurred in the communication between computers that control the launch operation and the launch pad’s equipment. The valve itself did not have any issues as it could be operated manually. But once the valve
Technology May 24, 2023
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Hanwha propels Nuri rocket project
Hanwha Group, South Korea’s seventh-largest conglomerate, stands at the forefront of the country’s efforts to grow and nurture its space industry, as Hanwha Aerospace became the first system integration company to lead the launch of the homegrown Nuri rocket. Hanwha Aerospace won the government bid in December to take charge of upgrading the Nuri rocket, also known as Korea Satellite Launch Vehicle-II, and launching it four times through 2027. The company signed a contract worth appr
Industry May 24, 2023
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Hyundai Motor resurrects Pony Coupe Concept
Hyundai Motor Company has brought back the Pony Coupe Concept vehicle about 50 years after the original vehicle was first showcased at the 1974 Turin Motor Show in Italy to highlight the automaker’s history and heritage. Hyundai Motor unveiled the restored Pony Coupe Concept at the inaugural event for Hyundai Reunion -- a heritage brand platform that reflects on the automaker’s past and its future direction -- in Lake Como, Italy, on Thursday. "Despite the poor industrial enviro
Mobility May 19, 2023
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LG, Trudeau seek breakthrough on halted battery plant in Canada
LG Energy Solution’s top management and Canada’s top leadership including Prime Minister Justin Trudeau discussed ways to resolve the issue of the halted construction of a joint battery plant between the South Korean battery maker and Stellantis in the Canadian province of Ontario, according to an industry source Thursday. “The Canadian prime minister and Canadian government officials sat down with LG Energy Solution’s high-ranking officials to figure out a breakthrough f
Industry May 18, 2023
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Kolon invests W24b to target EV tire market
Kolon Industries will invest 24 billion won ($18 million) to increase the production of pure monomer resin, or PMR, to cope with the expanding electric vehicle market and the increasing demand for EV tires, the company said Monday. The South Korean chemical and industrial materials maker plans to boost its annual production capacity at the PMR manufacturing plant in Yeosu, South Jeolla Province, by 10,000 metric tons to 21,000 tons. The expansion is projected to be completed in the first half of
Industry May 15, 2023
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[Test Drive] Face-lifted Rexton boasts powered toughness
KG Mobility, formerly known as SsangYong Motor, is hoping to expand the market size of its long-beloved large sports utility vehicle Rexton and pickup truck Rexton Sports with the latest face-lifted versions of the two signature brands: Rexton New Arena and Rexton Sports&Khan Culmen. The automaker held the test drive events for the Rexton New Arena and Rexton Sports&Khan Culmen last week with about 100 South Korean media outlets taking part. The 220-kilometer test drive included winding
Mobility May 15, 2023
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SpaceX's Starlink gets approval for Korean business
The Ministry of Science and ICT has completed the registration of Starlink Korea, a local subsidiary of US space company SpaceX, as a common telecommunications business. According to the ministry on Friday, the government decided to grant the license to the US company after it reviewed its financial and technical capabilities, and plans to protect users, as part of the registration requirements under the Telecommunications Business Act. SpaceX filed for business registration with the ministry in
Technology May 14, 2023
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[Beyond Earth] KAI poised to repeat success with satellite exports
The consecutive successes of South Korea’s Nuri rocket and Danuri lunar orbiter opened a new space era for the country’s space road map last year. The Korean government and President Yoon Suk Yeol set out ambitious goals of landing on the moon in 2032 and on Mars in 2045, signaling the beginning of the space economy. Korea Aerospace Industries, which has played an essential role in the country’s recent space milestones, is now aiming to expand its space businesses with a focus
Technology May 14, 2023
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SK bolsters carbon capture technology
SK Innovation and SK IE Technology announced Monday that the two companies will jointly invest in Airrane, a local firm specializing in membrane technology for gas separation, to strengthen their carbon reduction competitiveness. SK IE Technology -- a subsidiary of SK Innovation, an energy and chemical company under South Korean conglomerate SK Group -- manufactures lithium-ion battery separators, or LiBS, for electric vehicles. The amount of the investment was not disclosed. Airrane has worked
Technology May 8, 2023
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