LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and cobalt batteries, the LG enblock S is a device with high energy density that can provide a wide range of power sources for households. “With LG enblock S products, households can save energy and lower electric bills. They can also be used as a backup power source when the electricity is shut do

Industry Oct. 19, 2023

Hyundai Motor Group said Wednesday that its affiliate Kia has reached a tentative agreement with its labor union, continuing wage talks without a strike for a third consecutive year. The management and labor union members sat down for the 16th round of negotiations at Kia Autoland in Gwangmyeong, Gyeonggi Province, Tuesday. The most pressing item on the agenda was whether Kia would remove a clause in the collective agreement that allows for the hiring of children of workers with more than 25 yea

Mobility Oct. 18, 2023

Hyundai Motor Group said Tuesday that its urban air mobility arm Supernal, along with its sister firm Kia, are showcasing their latest UAM vision and drone technology at this week's Seoul ADEX 2023, Korea’s largest aerospace and defense trade show. This is the first time for the US-based Supernal to set up an exhibition booth at the biennial event since its launch in 2020. During the event, it aims to raise its brand awareness and seek new business opportunities. At this year’s

Mobility Oct. 17, 2023

Doosan Robotics, South Korea’s largest collaborative robot manufacturer under the conglomerate Doosan Group, said Monday it will supply chicken-frying collaborative robots to fried chicken franchise Kyochon F&B. Under the deal, Doosan will install its first collaborative robot at Kyochon F&B headquarters in Osan, Gyeonggi Province within this month, with plans to do so at other Kyochon franchise stores nationwide. Doosan Robotics co-CEOs Park In-won and Ryu Jung-hoon, Kyochon F&

Industry Oct. 16, 2023

Samsung SDI said Thursday it is poised to set up a second electric vehicle battery manufacturing plant with Stellantis in the US state of Indiana. The production facility will be built by StarPlus Energy, a joint venture of Samsung SDI and Stellantis in the city of Kokomo, next to the JV’s first plant under construction within the region. The first and second StarPlus Energy Kokomo Gigafactory plants will start operation in the first quarter of 2025 and early 2027 for 33 GWh and 34 GWh cap

Mobility Oct. 12, 2023

Hanwha Aerospace said Wednesday it plans to become a total services provider for outer space, ranging from space-based internet, future air mobility and cosmic data analysis platform. “Although the space sector is considered a high-risk business, it is a key infrastructure for sustainable growth of our future generation. With the combination of big data and artificial intelligence, the space economy is witnessing exponential growth,” said Lee Joon-won, senior vice president at Hanw

Technology Oct. 11, 2023

Science and ICT Minister Lee Jong-ho on Wednesday made congratulatory remarks for The Korea Herald’s Humanity in Tech Forum, vowing to take the lead in ushering in Korea’s new space economy. “I give my sincere congratulations for The Korea Herald’s HIT Forum that discusses ‘space’ as its first topic for sharing vision on science and technology innovation,” said Lee in a pre-recorded video played during the forum held at the Shilla Seoul. “It is a t

Technology Oct. 11, 2023

Hyundai Motor Group is expected to post record earnings this year, breaking its own record for the third year in a row since Executive Chair Chung Euisun took the helm of the world's third largest carmaker in 2020. Hyundai and its smaller affiliate Kia are projected to post 260.8 trillion won ($192.5 billion) and 26.6 trillion won in sales and operating profits this year, according to estimates by market tracker FnGuide. Both figures stand at an all-time high. Since Chung took up leadership

Mobility Oct. 10, 2023

Hanwha Aerospace said Monday it participated in the Association of the US Army exhibition, one of the world’s largest military shows, to showcase its state-of-the-art ground weapons systems. At its 232-square-meter exhibition booth, the company displayed the K-9 Thunder -- the world’s No. 1 self-propelled artillery -- k56 automatic ammunition resupply vehicle and a modular charge system. “Our goal is to join the US Army’s upgrade project of self-propelled artillery and ma

Industry Oct. 9, 2023

BMW’s 5 Series, one of the bestselling premium sedans in Korea, has returned with full-change upgrades in design and driving performance, making its global debut in the country in six years. The 5 Series has sold over 8 million units worldwide since its launch of the first generation model in 1972. Korea, in particular, has shown great enthusiasm for the high-end sedan, taking approximately 20 percent of total sales last year, according to the German carmaker. “We know how important

Mobility Oct. 8, 2023

South Korean electric wire and cable manufacturer Taihan Cable & Solution has faced challenges of quality control after using impure copper from a new supplier in its production process, industry sources said Wednesday. For approximately three weeks -- from early last month to Sept. 24 -- the company’s Dangjin plant in South Chungcheong Province had shut down its copper rod manufacturing. Copper rods are a basic metal element in cable production. The melting furnace was reportedly clog

Industry Oct. 4, 2023

Hyundai Motor Group on Tuesday unveiled the updates to its high-end brand Genesis’ sport utility vehicles, the GV80 and GV80 Coupe, in Korea. “Our latest design masterpieces -- the new GV80 and GV80 coupe -- will play a key role in further establishing Genesis as a truly original Korean luxury brand,” said Graeme Russell, Genesis chief brand officer, during a press conference in Yongin, Gyeonggi Province. “Building upon our foundation here in Korea, our global momentum is

Mobility Sept. 27, 2023

Toyota launched its fourth electrification model in Korea for this year, the luxury hybrid minivan Alphard that features a chauffeured, sedanlike driving experience. The fourth generation of the multipurpose vehicle that has sold some 150,000 units in Japan and abroad hopes to offer “omotenashi” -- a Japanese expression that describes hospitality and mindfulness -- to customers ranging from company executives who need private space, to family car lovers. “Compared to the previo

Mobility Sept. 24, 2023

KG Mobility on Thursday vowed to sell 200,000 cars in global markets by 2026, expanding its global networks from the Asia-Pacific region to Europe. The South Korean carmaker’s planned sales target consists of 200,000 exports -- 100,000 cars and 100,000 units of complete knock-downs -- unassembled car parts -- and 120,000 units of domestic sales in the citied period. “Based on the cumulative $1 billion exports, we are expected to be awarded as one of the Korean companies to have con

Mobility Sept. 21, 2023

The nation's top three battery makers have gone on a hiring spree, and it shows no signs of stopping. LG Energy Solution, Samsung SDI and SK On have hired thousands of new employees during the first six months of this year alone, but the mass hiring fell short of easing the talent shortage to keep up with their business expansion at home and abroad. According to their regulatory filings in August, LG Energy Solution, the largest among the three, hired 1,688 workers in the January-June perio

Mobility Sept. 19, 2023