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The Korea Herald

Companies

November 10, 2020
[Advertorial] Hyundai Motor vehicles to become smarter with Nvidia Drive chips

Hyundai will offer lifetime updates for the ccOS. Hyundai Motor’s collaboration with Nvidia comes amid growing rumors that the carmaker is in talks with Softbank to acquire robot maker Boston Dynamics, according to foreign media reports. While the acquisition is expected to cost Hyundai as ...
October 29, 2020
Samsung Biologics opens 1st overseas CDO at heart of San Francisco biotech hub

Biopharmaceutical firm Samsung Biologics unveiled its first research and development center for contract development in the biotechnology hub in southern San Francisco on Thursday. The contract development organization is designed to serve clients -- mostly biopharmaceutical firms there -- to offe...
October 19, 2020
S-Oil invests in startup developing safe water solution

S-Oil announced on Oct. 19 that the company would secure certified emission reductions by helping a local startup specializing in developing solutions designed to improve access to safe water in developing countries. S-Oil will purchase certified emission reductions of around 13,000 metric tons o...
October 15, 2020
Hyundai chairman’s first stop: Hydrogen economy

Starting his first day as Hyundai Motor Group’s chairman on Oct. 15, Chung Euisun attended the government’s hydrogen economy committee meeting, riding there in his company’s first hydrogen fuel cell vehicle, the Nexo. Prior to the meeting, Chung had agreed to establish a joint entity with the ...
October 14, 2020
Hyundai Motor stocks unfazed by leadership change

Stock prices of Hyundai Motor Group‘s affiliates remained largely unfazed by the announcement of the South Korean conglomerate welcoming Chung Euisun as its new chairman on Wednesday, except for Hyundai Glovis, a subsidiary controlled by the new leader. The group’s crown jewel Hyundai Motor Com...
October 08, 2020
Hyundai Oilbank to operate 200 EV charging stations by 2023

Hyundai Oilbank announced on Oct. 8 it plans to grow the number of its electric vehicle charging stations to 200 by 2023. The petroleum and refinery company currently operates 20 charging stations for electric cars, but a partnership agreement signed with Charzin, a company specializing in electr...
October 07, 2020
Hyundai Mobis invests $25m in UK augmented reality head-up display provider

Hyundai Mobis said on Oct. 7 that it invested $25 million in Envisics, a UK-based augmented reality head-up display provider. The auto parts company has been making investments in autonomous driving and electrification over the last three years in response to the growing need for self-driving car...
September 22, 2020
SK hynix invests in group’s first AI entity Gauss Labs

SK hynix on Sept. 22 announced its investment in an artificial intelligence solutions company Gauss Labs that will lead SK Group’s future value creation. The chipmaker will invest $55 million in Gauss Labs as the sole investor through 2022. Last month, Gauss Labs opened its headquarters in Cal...
September 21, 2020
LG Chem to decide acquisition of Nissan factory in Spain within this month

LG Chem is expected to notify the Spanish government within this month as to whether it will take over Nissan’s factory in the country to turn it into a battery plant, according to local media reports Monday. To salvage the Nissan plant in Barcelona that is scheduled for closure in December 202...
September 18, 2020
Hanwha Q Cells makes first solar modules in Korea to acquire grade 1 carbon certification

Hanwha Q Cells said Friday that it has become the first company to receive the highest grade under the government’s carbon certification program for solar modules. According to the South Korean solar cell and module manufacturer, seven of its solar modules earned grade 1 certification from the I...
September 17, 2020
Korean Air injects W1.1tr into Hanjin International to keep hotel business afloat

Korean Air announced on Sept. 17 it was injecting 1.1 trillion won into its subsidiary company Hanjin International to help pay off its debts and keep the latter’s hotel business afloat. The decision was made during a board of directors meeting on Sept. 16, which will help pay back HIC’s debt w...
September 09, 2020
[Herald Interview] Beverages legend bets on health drinks, overseas markets

“I’m very excited about this year, which will be the first year our beverage has truly made a foray into the US market,” Jo Un-ho, CEO of Hite Jinro Beverage, said in a recent interview. Hite Jinro Beverage is a subsidiary of Korea’s leading liquor conglomerate Hite Jinro and produces the grou...
August 19, 2020
Food companies see massive growth in wake of COVID-19

South Korean food companies scored massive sales growth in the wake of the COVID-19 pandemic, as the demands increased for products that can be consumed at homes, in both domestic and overseas markets. In the second quarter this year, CJ CheilJedang recorded an operating profit of 384.9 billion w...
August 13, 2020
Big Hit posts estimated record sales in Q2

Big Hit Entertainment, the label-management agency of K-pop giants BTS, announced on August 14 that its estimated sales revenue during the first half of 2020 reached a record 294 billion won (US$244.8 million) on the back of strong album sales and paid online concert revenues. In a biannual co...
August 12, 2020
Hyundai, Aptive unveil name of autonomous driving venture

Hyundai Motor Group announced on August 12 that its autonomous driving joint venture with Aptive has been named Motional. The automaker had announced a joint venture in March with Aptive -- a self-driving technology company -- as it seeks to develop and commercialize its autonomous technology for...

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