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Large Corporations Expanding Beyond Traditional Boundaries with 'Functional New Materials'… From Home Appliances to Aquaculture Equipment and Healthcare.

"Functional materials" are breaking industry boundaries, expanding beyond the electronics sector to various industries such as smart aquaculture, healthcare, and electric vehicle batteries. Major companies like LG Electronics and Samsung Electronics are accelerating the development of new markets by leveraging differentiated material technologies. On the 16th, LG Electronics announced that it is collaborating with smart aquaculture company 'EcoAquafarm' to apply its antimicrobial functional material, 'Furotec,' in smart fish farms. The two companies signed a Memorandum of Understanding (MOU) on the 13th at LG Electronics' Gasan R&D campus in Geumcheon-gu, Seoul, to strengthen hygiene in land-based aquaculture plant manufacturing using Furotec. Furotec is an antimicrobial and antifungal functional material. When added to plastics, paints, and rubber, it suppresses the growth of microorganisms, preventing odors, contamination, and discoloration. Its fine particles, about 4μm (micrometers) in size, which are 1/10 the size of flour particles, exhibit high antimicrobial performance, offering excellent cost-effectiveness and versatility. Furotec will be applied in fish farm processing room floors, walls, storage areas, packaging materials, and processing equipment to inhibit the growth of bacteria and fungi and help maintain the freshness of salmon. LG Electronics received approval from the U.S. Food and Drug Administration (FDA) last year for Furotec as a Food Contact Substance (FCS), allowing its application in food packaging materials. The company plans to expand its business into various B2B markets, including smart aquaculture, food processing and distribution, healthcare, and construction materials. Samsung Electronics significantly expanded the use of recycled materials in the 'Galaxy S25 series' launched this January. All exterior components of the Galaxy S25 and S25+ are made from recycled materials, including recycled glass on the front and back of the device, and recycled aluminum on the side keys, volume keys, and SIM tray. Notably, the Galaxy S25 established a circular system to recycle cobalt extracted from its own used batteries. To date, 200 tons of recycled cobalt have been used in Galaxy smartphones. Additionally, in collaboration with Lotte Chemical, Samsung has introduced a circular economy model to recycle discarded semiconductor wafer trays into plastic raw materials, applying recycled polycarbonate to several components of the Galaxy S25. Chemical and materials companies are actively expanding their functional material technologies. LG Chem developed a thermal runaway suppression material at the end of last year that can fundamentally prevent electric vehicle battery fires. This material is a composite substance whose electrical resistance changes with temperature, acting as a "fuse" to block the electrical flow during the initial stages of rising temperatures. LG Chem has completed safety verification tests for thermal runaway suppression materials in mobile batteries and will continue safety tests to apply it to large-capacity electric vehicle batteries. Materials specialist Deep Smatec has developed a polymer thin-film deposition technology that can be applied at room temperature, which is being used in the electric vehicle battery sector. This technology helps to enhance the durability of battery separators by coating them with functional polymers, preventing explosions and fires caused by breakage. It also reduces energy consumption compared to traditional high-temperature processes, while improving the stability and lifespan of the batteries. An industry insider commented, "Functional materials have significant value not only in consumer products but also across various industries. Electronics companies are strengthening their competitiveness in the B2B market through the development of new materials." ChatGPT를 사용하여 번역한 기사입니다.

2025-03-16 16:23:04 메트로신문 기자

'K-Defense Leadership' Vice Chairman Kim Dong-kwan Sets a New Milestone for South Korea's Shipbuilding Industry… "Proves MRO Expertise to the World"

Hanwha Ocean, led by Hanwha Group Vice Chairman Kim Dong-kwan, has set a new milestone in South Korea's shipbuilding industry. It is the first domestic shipbuilder to complete the maintenance, repair, and overhaul (MRO) of U.S. Navy vessels. On the 13th, Hanwha Ocean announced that the U.S. Navy's logistics support ship, the USS William R. Shirah, had completed its maintenance and departed. The industry views this achievement as a historic moment that elevates South Korea-U.S. maritime defense cooperation to a new level. The MRO work was carried out at the Geoje facility over a period of six months and included hull and engine maintenance, inspection and replacement of key equipment, and system upgrades. During the process, Hanwha Ocean identified new maintenance requirements for the vessel that were not recognized at the time of the initial contract, demonstrating its technical expertise. As a result, sales also increased. After signing the U.S. Navy Ship Maintenance Agreement (MSRA) in July last year, Hanwha Ocean won the first project to carry out the MRO for the USS William R. Shirah. Additionally, in November last year, the company secured the contract to repair the USS Yukon, an oiler assigned to the U.S. Navy's 7th Fleet. The maintenance work for the Yukon is being carried out in cooperation with small and medium-sized shipbuilders in the Geoje region. Hanwha Ocean plans to highlight South Korean shipyards as a key hub in the global naval MRO market, leveraging the successful maintenance project of the USS William R. Shirah. The company intends to expand its MRO business to the U.S., Asia, the Middle East, and Europe. The global naval MRO market is valued at approximately $8 billion (11.63 trillion KRW). Hanwha Ocean aims to secure the MRO business for 5 to 6 U.S. Navy vessels this year and plans to further expand its overseas MRO business. In January, Vice Chairman Kim Dong-kwan attended the inauguration of President Trump in Washington, D.C., where he met with key U.S. defense and security officials to introduce Hanwha Ocean’s business capabilities and explore opportunities for projects in the U.S. Patrick Moore, U.S. Navy Maritime Transportation Command’s Korea-based commander, stated, "This is evidence of the close cooperation between the U.S. and South Korea, and we expect many opportunities to further strengthen this collaborative relationship in the future." Kim Dae-sik, Executive Director of Hanwha Ocean's Special Ship MRO Business Task Force (TFT), remarked, "Through the success of this MRO project, we have once again proven the technological expertise and reliability of South Korea’s shipbuilding industry to the world." ChatGPT를 사용하여 번역한 기사입니다.

2025-03-13 16:51:44 메트로신문 기자

"Hydrogen Enthusiast" Chairman Chung Euisun... Hyundai Motor's Hydrogen Business Strategy Drive

Hyundai Motor Group Chairman Chung Eui-sun, who is "serious about hydrogen," is accelerating efforts to realize a hydrogen society. Chairman Chung is leading the charge for a hydrogen society through activities that transcend borders. Hyundai Motor Group is collaborating with Japan to build a local hydrogen cooperation network, while in Korea, the company is actively preparing to launch the next model of its hydrogen electric vehicle (FCEV) Nexo and constructing the nation's first hydrogen fuel cell plant, aiming to lead the global hydrogen ecosystem. According to the industry on the 12th, Hyundai Motor plans to add "hydrogen business and other related businesses" to its corporate purpose at the upcoming shareholders' meeting on the 20th. This will be the first time Hyundai has specified hydrogen business in its articles of incorporation, which is interpreted as considering the potential for expanding hydrogen-related businesses in various directions. Hyundai Motor's construction of a next-generation hydrogen fuel cell plant at its Ulsan plant this year can be seen as part of this trend. This plant will be Hyundai's first hydrogen fuel cell facility in Korea and will be located at the site of the transmission plant within the Ulsan plant. Construction is set to begin this year, with mass production targeted for 2028. In addition, Hyundai Motor plans to launch the new FCEV 'Inisium' in the first half of this year. The successor to the FCEV Nexo, which was released in 2018, is expected to feature the combined technology of the world's leading hydrogen vehicle manufacturer, achieving a driving range of over 650 km on a single charge. This is expected to strengthen Hyundai's competitiveness in the hydrogen vehicle market. Since the 'Inisium' will be produced at the Ulsan plant, it is expected to maximize the synergy effect with the fuel cell plant to be built on the same site. Producing hydrogen fuel cells, a core component of hydrogen vehicles, alongside the vehicles themselves offers the advantage of increased efficiency. Hyundai Motor Group announced plans to focus on the development of eco-friendly future technologies by investing a significant portion of its 24.3 trillion won domestic investment this year (11.5 trillion won) into electrification and hydrogen systems. Furthermore, Hyundai Motor Group is strengthening its hydrogen cooperation network in the global market. On the 10th, Hyundai Motor participated in the Japan-Korea Parliamentarians' Union event in Japan to promote the establishment and activation of a hydrogen cooperation network. Through this, the group aims to establish an organic hydrogen cooperation system in Japan and accelerate the global development of the hydrogen industry ecosystem and the expansion of the hydrogen market. Specifically, the company plans to develop and establish international hydrogen technology standards, implement hydrogen production technology demonstration projects, and introduce hydrogen-related components as part of its practical cooperation efforts. Kim Pil-su, a professor in the Department of Automotive Engineering at Daelim University, stated, "Hyundai Motor Group is focusing more on optimizing the value chain rather than generating profit from hydrogen vehicles. The current hydrogen electric vehicle market is structured in a way that the more vehicles you sell, the greater the loss. Hyundai is making significant efforts to realize a hydrogen society that extends beyond just automobiles, including areas like the environment and energy." Earlier, Chairman Chung Eui-sun introduced the clear vision for Hyundai's hydrogen business at the 'Hydrogen Wave' event, saying, "The future hydrogen society that Hyundai Motor Group envisions is one where hydrogen energy is used by everyone, for everything, everywhere." He emphasized, "We aim to achieve this hydrogen society by 2040." ChatGPT를 사용하여 번역한 기사입니다.

2025-03-12 16:14:22 메트로신문 기자

Refining Industry Accelerates Transition to Blue Hydrogen… 'Decarbonization Strategy' for Survival

Domestic oil companies, including SK Innovation, are focusing on "blue hydrogen" to simultaneously achieve carbon neutrality and secure new growth drivers. Leveraging existing refining infrastructure and technology to produce "eco-friendly" hydrogen, blue hydrogen is considered a realistic "decarbonization strategy." According to market research firm MarketsandMarkets on the 11th, the global hydrogen market is expected to reach approximately $411 billion (about 550 trillion won) by 2030. Currently, about 90% of hydrogen produced globally is "gray hydrogen," which has a high carbon dioxide emission rate. In contrast, "blue hydrogen" is eco-friendly hydrogen that captures and stores carbon dioxide generated during the process of extracting hydrogen from natural gas, minimizing carbon emissions. Ultimately, "green hydrogen," which is produced by electrolysis of water using renewable energy sources like solar or wind power, is the most environmentally friendly. However, considering current technology and economic viability, blue hydrogen is evaluated as a more practical alternative. In response, the domestic oil industry is expanding its business scope across the entire value chain, from hydrogen production to distribution and infrastructure development, accelerating the transition to a hydrogen economy. SK Innovation constructed a liquefied hydrogen plant at its SK Incheon Petrochemical plant last year, producing 30,000 tons of liquefied hydrogen annually by utilizing gray hydrogen (by-product hydrogen) generated in the refining process. Recently, the company improved the carbon capture, utilization, and storage (CCUS) efficiency at the Incheon plant to 89%, increasing the annual production of blue hydrogen to 35,000 tons and reducing the production cost to $2.8 per kilogram. According to the Korea Energy Economics Institute, the production cost of blue hydrogen is expected to range from $2.5 to $3 per kilogram by 2025, which is more economical than green hydrogen, whose cost is around $6.8 per kilogram. HD Hyundai Oilbank operates a hydrogen production facility in Seosan, South Chungcheong Province, with an annual production capacity of about 200,000 tons, in line with its 'Hydrogen Dream 2030 Roadmap.' The 'Hydrogen Dream 2030 Roadmap' is HD Hyundai Group's future growth strategy, aiming to build a value chain for hydrogen production, transportation, storage, and utilization in both land and maritime sectors by 2030 across HD Hyundai subsidiaries. GS Caltex utilizes carbon dioxide generated during the hydrogen production process in its CCUS (Carbon Capture, Utilization, and Storage) business. Last year, GS Caltex signed a memorandum of understanding (MOU) for cooperation and strategic partnership with the Korea Institute of Chemical Technology for a CO2 capture and utilization (CCU) project. The company also signed agreements with Jeollanam-do and Yeosu City to promote a CCU mega project. Based on this, GS Caltex plans to conduct technology research and pilot projects at the Yeosu Industrial Complex. Experts have analyzed that the transition to blue hydrogen in the refining industry is not just an eco-friendly investment but a matter directly related to the survival of companies. An energy-related researcher stated, "It is true that securing future growth drivers is difficult with traditional refining businesses alone," and advised, "While companies are currently expanding their businesses around blue hydrogen, they must diversify their portfolios to include green hydrogen in the long term." The government plans to increase the share of carbon-free energy sources, such as hydrogen, in power generation to 13.8–21.5% by 2050, as part of its '2050 Carbon Neutrality Strategy.' In January of last year, the government enacted the 'Carbon Capture, Transport, Storage, and Utilization Act (CCUS Act),' setting a goal to complete small-scale demonstration technology by 2030 and large-scale demonstration technology by 2050. ChatGPT를 사용하여 번역한 기사입니다.

2025-03-11 17:13:45 메트로신문 기자

Samsung, Hyundai Motor, LG Electronics, Hanwha, and others secure opportunities amid crisis... Expanding investment in talent.

Major domestic companies are focusing on talent acquisition by recruiting new employees in the first half of this year, despite the domestic economic slump and global economic uncertainties. Although the business environment has worsened, this move is interpreted as an effort to strengthen future competitiveness through increased investment in talent. According to the industry on the 10th, major domestic companies such as Samsung Group, Hyundai Motor Group, LG Electronics, and Hanwha are sequentially launching new employee recruitment this month. While recruiting talents in various fields such as production, manufacturing, business planning, and design, competition for talent in areas such as artificial intelligence (AI), smart factories, and electric vehicles for future business is particularly noticeable. First, Samsung's recruitment will take place at 16 subsidiaries, including ▲Samsung Electronics ▲Samsung Display ▲Samsung Electro-Mechanics ▲Samsung SDI ▲Samsung SDS ▲Samsung Biologics ▲Samsung Bioepis ▲Samsung C&T ▲Samsung Heavy Industries ▲Samsung E&A ▲Samsung Life Insurance ▲Samsung Fire & Marine Insurance ▲Samsung Securities ▲Cheil Worldwide ▲S1 Corporation ▲Samsung Welstory. After receiving applications, Samsung will proceed with the recruitment process in the following order: the online Samsung Job Aptitude Test in April, interviews in May, and health check-ups. This appears to align with Chairman Lee Jae-yong's management philosophy of "investing more and creating better jobs." Hyundai Motor Group is also hiring new employees. Hyundai Motor will recruit new employees for a total of three departments—▲Production and Manufacturing, ▲Business and Planning, and ▲Management Support—across 68 job positions until the 14th. With the upcoming completion of the Ulsan electric vehicle (EV) plant and the establishment of smart factories, Hyundai plans to focus on hiring talent for the production and manufacturing sectors to accelerate technological innovation. Kia is focusing on hiring experienced professionals. From the 10th to the 24th, Kia will be recruiting for a total of 25 departments and 86 job positions, including ▲Purpose-Built Vehicles (PBV) ▲Information Technology (IT) ▲Customer Experience ▲Manufacturing Solutions ▲Special Projects ▲Finance ▲AutoLand Gwangju ▲AutoLand Hwaseong, among others. This recruitment effort is aimed at securing talented individuals early across all sectors to lead the future mobility market. Kia CEO Song Ho-sung stated last month at the '2025 Kia EV Day' held in Spain that the company aims to present a new paradigm of customized mobility leading the PBV market, based on a customer-first approach. LG Electronics also recently posted job openings for new employees. The company is recruiting for various departments under its Home Appliance & Air Solution Division (HS Business Unit). Positions include roles in the 'Kitchen Solution Business Division' responsible for kitchen appliances, the 'Living Solution Business Division' overseeing home appliances such as washing machines and dryers, the 'Component Solution Business Division' designing appliance components like motors and compressors, and the 'HS Research Center' focused on next-generation home appliances. Each department is recruiting a double-digit number of employees. Applications can be submitted through the LG Careers website by the 17th. Hanwha Ocean is recruiting new employees through two pathways: a general recruitment for those with a bachelor's degree or expected to graduate by the 23rd, and the Global Challenger program, which requires global capabilities. The general recruitment positions include roles in design, production management, business management, and management support, divided into four main areas. The Global Challenger program is accepting applications only for three positions: design, business management, and management support. An industry source stated, "Securing talented individuals who can lead innovation in the rapidly changing global environment has become more important than ever," adding, "Talent development is also necessary for investment in new industries to secure future growth." ChatGPT를 사용하여 번역한 기사입니다.

2025-03-10 15:36:37 메트로신문 기자

'Solid-state batteries' dominate the market… Global companies in 'limitless speed' competition.

The global battery exhibition, 'Interbattery 2025,' concluded on the 7th, and this year, the solid-state battery technology, often referred to as the 'game changer,' garnered significant attention. Countries around the world, including South Korea, are accelerating efforts to secure a lead in solid-state battery technology in preparation for the upcoming supercycle, with commercialization expected to ramp up within the next 2-3 years. According to industry reports on the 9th, at this year's 'Interbattery,' companies showcased advanced technologies such as the 46mm cylindrical battery and immersion cooling technology, but the most prominent technology was solid-state batteries. A battery consists of cathode material, anode material, electrolyte, and a separator. Solid-state batteries replace the liquid electrolyte used in lithium-ion batteries with a solid one. In the case of the existing liquid electrolytes, although ions can move easily between the anode and cathode, there was a fire risk due to their flammability. However, solid-state batteries offer superior energy density and output compared to traditional batteries, while also reducing the fire risk, which is considered a major vulnerability in electric vehicles. Additionally, the driving range is extended, significantly improving performance. If commercialization is successful, solid-state batteries could be a 'game changer' capable of reshaping the battery ecosystem, making it a technology that companies are betting their future on. Samsung SDI, which has already completed the construction of its solid-state battery pilot line, aims to begin mass production in the second half of 2027. Last year, the company supplied solid-state battery samples to its customers for evaluation, and it is currently considered the fastest-moving company in South Korea in this field. LG Energy Solution plans to establish a pilot line for solid-state battery development within this year. Once mass production technology is secured, the company intends to fully commercialize solid-state batteries by around 2030. However, it is reported that LG Energy Solution is putting in tremendous effort to accelerate this timeline. Battery material companies are also intensifying their research and development efforts related to solid-state battery technology. EcoPro, for example, has started considering mass production this year, and if the results are positive, it plans to enter mass production by 2026. While South Korean companies are leading in the development of solid-state batteries, the technological pace in the United States, China, and Japan is also accelerating. Chinese electric vehicle manufacturer BYD plans to begin testing its sulfide-based solid-state batteries in 2027 and aims to begin mass deployment in electric vehicles by 2030. Initially, it will be installed in premium electric vehicles, gradually expanding the number of vehicles with this technology, with a goal of using it in most vehicles by 2032. The world's largest battery company, China’s CATL, is also conducting research and development with a goal of small-scale production of solid-state batteries by 2027. Meanwhile, U.S. battery startup QuantumScape plans to begin producing solid-state batteries at a scale of 20 gigawatt-hours (GWh) starting this year. Factorial Energy has successfully completed road testing of the EQS vehicle equipped with a solid-state battery in collaboration with Mercedes-Benz. Compared to the existing EQS lithium-ion battery, the driving range has increased by up to 25%, enabling a maximum driving range of 1,000 km. In Japan, Toyota plans to release vehicles equipped with solid-state batteries by 2027. Japan is evaluated as having a significant technological advantage, with a substantially higher number of solid-state battery-related patents compared to competing countries. Jeong Kyung-hwan, Executive Director of LG Energy Solution's Business Strategy Division, stated, "Next-generation batteries face various process-related challenges, and the key to commercialization lies in securing mass production technology beyond just the process. The next 3-5 years will be the 'golden time' for securing product competitiveness, cost innovation, and building a flexible product portfolio." ChatGPT를 사용하여 번역한 기사입니다.

2025-03-09 16:59:30 메트로신문 기자

[Interbattery 2025] "BYD and EVE make their debut" … Interbattery becomes a battleground between South Korea and China.

At 'Interbattery 2025,' the three major domestic battery companies (LG Energy Solution, Samsung SDI, and SK On) showcased their next-generation technologies, while this year, major Chinese companies also participated, intensifying the competition. With Chinese battery manufacturers aggressively targeting the market, domestic companies are emphasizing differentiation strategies, creating a tense atmosphere. The event, held on the 6th at COEX in Gangnam, Seoul, saw the participation of powerful Chinese battery companies BYD and EVE Energy for the first time, drawing the attention of attendees. While their booths were relatively less crowded compared to those of major domestic companies, it was observed that Chinese tourists and other visitors were consistently visiting in small groups of two or three. Although the booths of both companies were small in scale, they prominently showcased their flagship product, LFP (Lithium Iron Phosphate) batteries, and introduced their technological capabilities. BYD displayed batteries for electric bicycles and electric motorcycles as its main exhibition items, but did not showcase batteries for electric vehicles separately. BYD explained that its LFP batteries are known for their high stability, long lifespan, and high output. Additionally, the company highlighted its capabilities in battery cell production, BMS (Battery Management System), and pack design, stating that it provides an end-to-end solution based on a vertical integration strategy. EVE also set up its booth near BYD's to showcase its LFP battery technology. In addition, the company displayed LMFP (Lithium Manganese Iron Phosphate) and solid-state batteries, introducing a diverse range of products. Notably, EVE's booth was located right next to LG Chem's, creating a natural atmosphere of comparison. While the number of visitors was lower than at LG Chem's booth, EVE demonstrated its determination to accelerate its efforts in targeting the global market. In response, domestic battery companies emphasized battery safety and technological capabilities to highlight their differentiation from Chinese competitors. LG Energy Solution presented its cylindrical 46-series batteries along with BMTS (Battery Management Total Solution). Samsung SDI showcased ultra-high output 50A cylindrical batteries and solid-state batteries to emphasize the strengths of next-generation technologies. SK On also garnered attention with its high-voltage, mid-nickel batteries, which enhanced stability and reduced costs to align with changing market trends. On the 5th, the opening day of the exhibition, the leaders of each company gathered to express their confidence in competing with China despite the challenging industry conditions. Kim Dong-myung, CEO of LG Energy Solution, highlighted intellectual property (IP) as a key competitive advantage in the race against Chinese competitors. He stated, "LG Energy Solution will secure a competitive edge over Chinese companies by leveraging technologies such as the 46-series battery, lithium iron phosphate (LFP) battery, and Cell-to-Pack (CTP) technology." Meanwhile, 79 Chinese companies participated in 'Interbattery 2025.' This is a significant increase from 24 companies in 2023 and 62 companies in 2024, showing a steady upward trend in participation. ChatGPT를 사용하여 번역한 기사입니다.

2025-03-06 15:53:28 메트로신문 기자

The legendary SUV Musso returns as an electric vehicle... KGM launches its first electric pickup, the Musso EV.

"I am the first to approve the business investment plan as chairman, and I also resurrected the name 'Musso'." (Kwok Jae-sun, Chairman) Kwok Jae-sun, Chairman of KG Mobility, expressed his excitement on the 5th during the 'Musso EV' new car launch event held at the company's headquarters in Pyeongtaek, Gyeonggi Province. On this day, KG Mobility (KGM) shared Its strategy for the unified pickup brand 'Musso' along with the new car launch. Chairman Kwok emphasized, "Not only did I invest in the development of Musso, but I also revived the name. I made sure to perfect the design, which had been a bit disappointing in the past." He added, "Although we faced some difficulties in the past, I believe that it should not taint our products. I will make this name something we can be increasingly proud of." Given Chairman Kwok's deep affection for the vehicle, it is evident that the Musso EV, launched by KG Mobility (KGM), is a carefully crafted product in terms of both design and performance. The Musso EV features a robust silhouette with a deck and body seamlessly connected, incorporating simple and clean design elements typical of electric vehicles, all while maintaining the distinctive design of the existing Torres model. The Musso EV ensures both safety and impressive driving range for an electric vehicle. It is equipped with an 80.6kWh lithium iron phosphate (LFP) blade battery from China's BYD, which boasts excellent durability and a low fire risk. The vehicle achieves a sufficient 400 km of driving range on a single charge and a combined energy consumption of 4.2 km/kWh. The use of the Cell-to-Pack method maximizes energy density per unit area, while the battery pack is designed to be resistant to external impacts, enhancing durability and efficiency. Additionally, the next-generation multi-battery safety management system (BMS) continuously monitors the battery status in 10-minute intervals, even while parked, and automatically connects to the nearest fire station in the event of an emergency. The Musso EV delivers powerful performance with a 152.2 kW front-wheel-drive motor and an optimally tuned reduction gear, achieving a maximum output of 207 horsepower (ps) and a maximum torque of 34.6 kgf·m. The AWD model provides dynamic driving performance with a maximum output of 413 horsepower (ps) and a maximum torque of 64.9 kgf·m. Park Kyung-jun, Head of Domestic Operations at KGM, stated, "I believe the main concern customers have when choosing an electric vehicle is safety." He added, "Based on our experience of operating LFP batteries domestically for the longest time, KGM has strengthened the safety measures further." He also mentioned, "KGM offers a 10-year, 1 million km warranty for high-voltage batteries in accordance with domestic standards, and we will continue to operate a program that guarantees up to 500 million won in the event of an electric vehicle fire." Additionally, KGM announced that with the launch of the Musso EV, it will continue the heritage of the 1993 Musso model. As part of this, all pickup models will be rebranded under the "Musso" name, with the Rexton Sports and Rexton Sports Khan models being renamed Musso Sports and Musso Khan, respectively. The pre-order for the Musso EV gathered 2,000 participants. KGM has set a target sales volume of around 3,000 units for this year, with a monthly target of 500 units. Meanwhile, the Musso EV's price for the base trim MX is set at 48 million KRW, while the Black Edge trim is priced at 50.5 million KRW. With a government subsidy of 6.52 million KRW and a local government subsidy of 1.86 million KRW for Seoul residents, the actual purchase price can be reduced to the high 30 million KRW range. Small businesses can benefit from additional support and VAT refunds, bringing the final purchase price down to the low 33 million KRW range. The event was attended by around 200 people, including Chairman Kwok Jae-sun, CEO Hwang Ki-young, CEO Park Jang-ho, Labor Union Chairman Noh Cheol, and key executives, as well as domestic and international reporters. ChatGPT를 사용하여 번역한 기사입니다.

2025-03-05 15:54:00 메트로신문 기자

Korean Air Announces Integrated Airline's Value System 'KE Way'... "Connecting for a Better World"

"Before officially preparing for the launch of the integrated airline this year, we aim to present a new corporate value system. 'KE Way' will be the focal point of our journey towards a shared goal and will define Korean Air's identity at its core." Cho Won-tae, Chairman of Hanjin Group, said this on the 4th at the 'Boarding Day' event held at Korean Air's headquarters in Gangseo-gu, Seoul, to mark the airline's 56th anniversary. He pledged to take a leap forward as a global network carrier based on the new corporate value system, 'KE Way.' On this day, Korean Air officially announced 'KE Way,' which encompasses the company's purpose of existence, its new vision, mission, and other key elements. The airline presented its direction for building a sustainable management system and its growth as a global airline. Chairman Cho also held a town hall meeting to communicate with employees. During the meeting, he reflected on the company's achievements over the past 56 years, shared the vision for the future, and engaged in a Q&A session with employees. Korean Air named its core concept of existence as "Connecting for a better world." This reflects the company's commitment to connecting customers, society, and the world, advancing toward a better world, based on Hanjin Group’s founding philosophy of 'Transportation for the Nation.' The vision and mission reflect the ambition to take a leap as a global network carrier. The new vision is "To be the world's most loved airline," which reflects the commitment to earning global recognition as a company trusted and loved by all through the practice of social responsibility and the achievement of customer satisfaction. The strategy to achieve this new vision is composed of three key aspects: ▲ the highest level of safety management, service, and operations, ▲ a corporate culture that prioritizes customers and colleagues, and ▲ active global exchanges and contributions to sustainable development through social responsibility. Chairman Cho emphasized the importance of a gradual integration centered around communication and employee involvement for the launch of the integrated Korean Air. He stated, "Cultural integration within the organization cannot be achieved in a short period; it is a long-term task that requires continuous effort," adding, "We are aware of the potential challenges that may arise during the integration process with Asiana Airlines, and we plan to proceed gradually while fully considering the emotions and values of both companies' employees." He also mentioned the new corporate identity (CI) to be unveiled on the 11th. Chairman Cho said, "As Korean Air stands at the starting point of its leap to becoming a global network carrier, it is essential to re-establish the values and identity that Korean Air pursues, strengthening the trust and confidence of our customers and employees." He further explained, "We will first unveil the new CI reflecting the brand's values and identity, and at the time of the integrated Korean Air's launch, we will also reveal new uniforms that will enhance operational efficiency." ChatGPT를 사용하여 번역한 기사입니다.

2025-03-04 16:00:37 메트로신문 기자

Hyundai Motor Group Minimizes Risks Through Global Hub Investments

U.S. President Donald Trump, who has launched a "tariff war" against the world, has been intensifying pressure on global automakers by declaring a 25% tariff rate. With the barriers to entry in the world's largest automobile market rising, the sense of crisis in the automotive industry has reached its peak. Hyundai Motor Group, a representative automaker of South Korea, is no exception. Under the bold decision-making of Chairman Chung Eui-sun, Hyundai Motor Group is minimizing risks by expanding local production in the U.S. and implementing region-specific strategies in countries like India and China. This strategy aims to create opportunities through strong determination, even amidst a global crisis. ◆ Global Production Restructuring… Turning Crisis into Opportunity Under the leadership of Chairman Chung Eui-sun, who took office in 2021, Hyundai Motor Group has evolved from being known for its 'quality and perseverance management' to embracing 'innovative management,' which has upgraded the company's approach. This shift in management philosophy has rapidly transformed the entire group. In particular, by methodically implementing a localization strategy to target global markets, Hyundai Motor Group has enhanced its competitiveness in international markets. As a result, despite not being able to avoid the impact of President Trump's tariff bomb, the group has developed the flexibility to respond effectively. According to Hyundai Motor Group's business report, Hyundai and Kia set a record last year by selling approximately 1.71 million units in the U.S. – the highest in history. Half of this volume was produced domestically and exported. Industry experts predict that if a general tariff is imposed, Hyundai will face an additional monthly burden of 200 billion to 400 billion KRW, while Kia will have an additional monthly burden of 100 billion to 200 billion KRW. The direct impact of the tariff imposition on Mexico is being felt at Kia's Monterrey plant. Kia produces approximately 400,000 vehicles annually at the Monterrey plant, with more than 160,000 units exported to the U.S. However, Hyundai Motor Group's proactive measures, including a strategic investment of approximately 11 trillion KRW (79.9 billion USD) and the establishment of the 'Hyundai Motor Group Metaplant America (HMGMA)' in Georgia, have been hailed as a 'masterstroke.' HMGMA, located on 11.83 million square meters (approximately 3.58 million pyeong) of land, will begin full-scale operations this year with an annual production capacity of 300,000 units. Originally built as an electric vehicle-only plant, HMGMA plans to modify its production lines to allow for the mixed production of hybrid vehicles, with a target of expanding capacity to 500,000 units annually. The Alabama plant will produce 360,000 units annually, while Kia's Georgia plant will produce 340,000 units, expanding U.S. production capacity to 1.2 million units. Additionally, Hyundai's September meeting with GM's Chair and CEO Mary Barra, where they signed a Memorandum of Understanding for comprehensive cooperation, has been positively evaluated. This partnership allows Hyundai to avoid tariff imposition by producing vehicles at GM's plants. Hyundai Motor and Kia are focusing on expanding production and sales by increasing investments in countries such as China and India. Hyundai Motor produces 750,000 units annually at its Chennai plants 1 and 2 in India, with 20% of this production, or 150,000 units, being exported to regions like Africa, Europe, and Southeast Asia. Both production and exports rank second after domestic production. Kia, on the other hand, produces approximately 390,000 units at its Anantapur plant in India. Hyundai Motor has not stopped there and has identified India as a core hub. In October of last year, Hyundai listed its Indian subsidiary on the Indian stock exchange, with the company's value estimated at approximately 19 billion USD (27.4 trillion KRW). The IPO raised 3.3 billion USD (about 4.7 trillion KRW), making it the largest IPO in Indian history. This is the first instance of Hyundai’s overseas subsidiary being listed, and the funds raised from the IPO will be focused on investments in the Indian region, aiming to develop it as a strategic export hub to target emerging markets. This success is attributed to the trust Hyundai has built with India, as Chairman Chung Eui-sun has met with Prime Minister Modi more than six times since 2015 to discuss business collaboration. Currently, Hyundai Motor Group is focused on increasing production capacity, including the construction of Hyundai's third plant in the Pune region, which will implement smart manufacturing systems. The Pune plant is scheduled for completion in the second half of this year and will start with a production scale of 170,000 units in Phase 1, with plans to expand to a total production capacity of 250,000 units by 2028. In China, Hyundai Motor has set a "selection and concentration" strategy and plans to gradually increase production in the long term. The company is particularly focusing on increasing the production share of eco-friendly vehicles at its Chinese plants to boost both domestic and export volumes. In 2016, Hyundai operated five plants in China, but after the "THAAD dispute," it faced sales difficulties and now only has two plants remaining (Beijing 2 and 3 plants, with an annual production capacity of 750,000 units). Hyundai is now focusing on expanding production at these remaining plants. In December of last year, Hyundai decided to invest 1.1 billion USD (approximately 1.6 trillion KRW) in its joint venture Beijing Hyundai with its Chinese partner Beijing Automotive Group (BAIC). Through this investment, Hyundai aims to introduce its first dedicated electric vehicle model in China this year and increase sales in the country to 400,000 units. Additionally, Hyundai has already expanded its export volume from zero in 2022 to over 45,000 units last year, and it plans to focus on further expanding its export markets. Kia also reduced its factories in China from three to two, but continues to operate them as production hubs for both local sales and future expansion into emerging markets. Last year, Kia's Chinese plants sold 170,317 units through overseas exports, accounting for 68.6% of its total sales (248,202 units). Vehicles such as the Pegas, Sonet, Seltos, and Sportage, produced at the Chinese plants, are being exported to regions including Latin America (Chile, Peru), Saudi Arabia, Vietnam, and the Philippines. SK Securities analyst Yoon Hyuk-jin stated, "Even if a 25% tariff is imposed, the expansion of production capacity and increased utilization rates at U.S. plants, along with the higher utilization rate at Kia's Mexican plant, can minimize the impact of the tariffs." However, he added, "To ensure production stability, employment security, and export competitiveness in Korea, it is crucial to make efforts to reduce tariffs as much as possible." Professor Kim Pil-su from Daelim University’s Department of Automotive Engineering noted, "Hyundai Motor Group is building a stable response system by increasing production in major global hubs," and added, "However, reducing reliance on the U.S. and expanding production bases to other countries will take some time." He also remarked, "A 25% tariff essentially means 'don't come to the U.S.,'" but he further pointed out, "President Trump is a negotiator aiming for an advantageous position, so this policy is unlikely to last long." ◆ Overcoming Crisis through 'Strategic Alliances'... Forging Future Mobility Technologies Hyundai Motor Group is further expanding its collaborations with global companies to secure technological competitiveness in areas such as eco-friendly and autonomous driving technologies, aiming to grow as a leading company in the future mobility market. First, Hyundai Motor Group garnered global attention by formalizing its collaboration with Samsung Electronics last month. On the 24th of last month, the two companies, the top two in South Korea, signed a "Strategic Business Agreement for Samsung SmartThings Pro-Kia PBV Business Collaboration" at the 'Kia EV Day' media event held at the Tarragona Arena in Spain. Kia decided to integrate Samsung Electronics' B2B customer-tailored solution, "SmartThings Pro," into its Purpose-Built Vehicle (PBV) business, which Kia has positioned as a new growth engine. Additionally, the two companies are pooling their efforts in building smart manufacturing solutions and collaborating on battery development. Hyundai Motor and Samsung SDI began collaborating on electric vehicle batteries in 2021, signed their first electric vehicle battery supply contract in 2023, and agreed to supply batteries for Hyundai's European electric vehicles starting in 2026 for a period of seven years. Recently, they have also expanded their cooperation to include batteries for robots. Hyundai Motor Group is accelerating its efforts to secure a leading position in the rapidly growing Software-Defined Vehicle (SDV) market. By next year, the group plans to complete the development of SDV test vehicles with autonomous driving as a core function, and then sequentially apply the technologies to mass-produced vehicles. Last month, Hyundai Motor Group entered into a partnership with Google to enhance its navigation and infotainment systems. Furthermore, earlier this year, the group formed a strategic partnership with NVIDIA to strengthen the application of AI in autonomous driving, SDVs, and robotics. Efforts to secure leadership in eco-friendly vehicle technologies are also ongoing. Last year, Chairman Chung Eui-sun met with Toyota Chairman Akio Toyoda to discuss strengthening cooperation in areas such as hydrogen and robotics between Japanese and Korean automakers. In October of last year, Hyundai Motor’s overseas subsidiary Boston Dynamics and Toyota's research institute, Toyota Research Institute (TRI), formed a partnership to develop AI-based humanoid robots, reflecting the growing collaborative atmosphere between the two companies. During this time, Chairman Chung stated regarding hydrogen collaboration with Toyota, "We are discussing hydrogen, and we aim to collaborate well together." Chairman Akio Toyoda also mentioned the possibility of further collaboration with Hyundai, saying, "We definitely need cooperation in the expansion of technologies and infrastructure related to carbon neutrality and the future of automobiles." In September of last year, Hyundai Motor Group signed a joint development agreement with GM, the largest automaker in the U.S., to collaborate on the development of passenger and commercial vehicles, as well as internal combustion, electric, and hydrogen vehicles. Hyundai Motor Group has announced that it will complete the final contract signing in the first quarter of this year. Chairman Chung Eui-sun's 'golden network' is also contributing to the group’s management in the global market. Last month, Chairman Chung had a two-hour golf meeting with Donald Trump Jr., the influential eldest son of U.S. President Donald Trump. This was likely not just a social meeting but a discussion closely tied to future business strategies. Chairman Chung is seeking to explore North American market opportunities through strengthened networks with the Trump administration. ◆ Leading Core Technologies: Hyundai Mobis... Securing Future Competitiveness Hyundai Mobis, a key subsidiary of Hyundai Motor Group, is focusing on securing core technologies for future mobility. This is aimed at ensuring not only the qualitative growth of Hyundai Motor Group but also securing stable demand sources in the unstable global market. Centered around its Mabuk Technology Research Center, Hyundai Mobis has 3,000 researchers working across six global R&D hubs (Mabuk, Uiwang, the U.S., Germany, China, and India), concentrating their efforts on securing key technologies in areas such as electrification and electronics. Based on these efforts, Hyundai Mobis has seen its sales nearly double in the past five years, reaching 60 trillion KRW. Despite challenges such as the COVID-19 pandemic and semiconductor supply issues, the company has maintained a steady annual sales growth of 17% in the 2020s, continuing to drive its progress. Hyundai Mobis is investing 2 trillion KRW in research and development (R&D) this year to secure core competencies in advanced technologies such as autonomous driving, electrification, infotainment, and connectivity. The goal is to differentiate product competitiveness and focus on diversifying its global customer base. This investment represents about a twofold increase compared to the 1.1 trillion KRW spent on R&D in 2021. In line with the increase in R&D spending, the number of R&D personnel has also been steadily growing. Hyundai Mobis' domestic and international R&D workforce, which was about 5,500 in 2020, grew by more than 30% to approximately 7,500 people last year. This expansion is directly tied to securing future competitiveness. From 2021, Hyundai Mobis has filed about 3,000 new patents in key future vehicle technologies such as electrification, autonomous driving, and connectivity over three years. These patents account for nearly 40% of the total 8,001 new patents filed by Hyundai Mobis in the past three years. Hyundai Mobis has ranked 6th in the global automotive parts industry for three consecutive years and has been named to the 'Most Admired Companies' list by the U.S. business magazine Fortune for two years in a row. ChatGPT를 사용하여 번역한 기사입니다.

2025-03-03 15:43:40 메트로신문 기자

Samsung and Hyundai Motor's Strengthening Collaboration... Building a 5G Specialized Network Smart Factory.

Hyundai Motor and Samsung Electronics are accelerating the development of smart manufacturing solutions, which are key to enhancing future industry competitiveness, through technological collaboration. Hyundai Motor announced on the 26th that it successfully completed the verification of the '5G RedCap' technology in collaboration with Samsung Electronics starting in January of this year. The two companies will showcase the related technology at the world's largest IT and electronics fair, 'MWC25 Barcelona,' which will be held in Spain starting on March 3. Since January of this year, Hyundai Motor has successfully completed the verification of communication performance with equipment to be operated in its factory, using the 5G RedCap infrastructure setup based on Samsung Electronics' dedicated base station and integrated management system at Samsung's Suwon campus. Hyundai used its self-designed vehicle inspection terminals for this verification. 5G specialized networks are dedicated communication systems where companies install base stations (equipment that connects network devices for wireless communication) within their premises or specific areas and use separate communication frequency bands. This system prevents communication interference from external internet and mobile users. Since there is no external interference, communication disruptions or delays are minimized, and high-capacity data can be transmitted and received at high speed. Additionally, 5G specialized networks allow for centralized control of a large number of industrial robots and wireless devices. They also offer the advantage of being able to build networks optimized for the characteristics and requirements of the users. However, operating a 5G specialized network comes with challenges, such as the complexity of terminal design, the technical expertise required for infrastructure setup, and the assumption of high power consumption. The 5G RedCap technology jointly demonstrated by Hyundai Motor and Samsung Electronics is characterized by achieving 5G-level communication speeds, data processing capacity, and stable connectivity with low power consumption, low specifications, and low cost. This was made possible through innovations such as simplifying terminal configuration, miniaturizing specialized network equipment, and reducing frequency bandwidth to suit the manufacturing environment and equipment. Previously, 5G specialized networks were applied only to limited devices, such as automated logistics robots. However, by introducing RedCap technology, it becomes possible to control various manufacturing process equipment, including vehicle inspection devices, small wireless tools, cameras, and tablet PCs, through high-speed wireless communication. In particular, Hyundai Motor has equipped its autonomous vehicle inspection device, "D Scan," with Qualcomm's SDX35 chipset. This chipset is integrated with Samsung Electronics' 5G specialized network infrastructure, enabling the rapid transmission and reception of large volumes of vehicle quality inspection data. Through this technical verification with Samsung Electronics, Hyundai Motor is collaborating with global partners in the network business sector, leading the way in strengthening manufacturing competitiveness through the development of smart manufacturing solutions. Hyundai Motor is pushing for the introduction of 5G specialized networks at its Ulsan EV-exclusive factory, which is currently under construction and slated to begin operations in the first half of 2026. Through this demonstration, the 5G RedCap technology, which has been presented as a new smart manufacturing solution, will be mass-produced and expanded to major domestic and international factories, starting with the Ulsan EV-exclusive factory. A Hyundai representative stated, "Hyundai is the first domestic company to establish a 5G specialized network and apply it to mass production. Moreover, we are the first in the manufacturing industry to conduct a 5G RedCap technology demonstration, leading the way in smart manufacturing solutions in the global industry. We will accelerate preparations for the commercialization of 5G RedCap technology." A Samsung Electronics representative stated, "This collaboration is a key example of domestic companies with global competitiveness combining their technological expertise to apply the latest communication technology, RedCap, to specialized networks. It is significant that, as the first in the industry, we have demonstrated RedCap technology across the entire specialized network, from devices to communication equipment, and showcased new use cases to the world." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-26 16:39:16 메트로신문 기자

Hyundai Motor Aims to Regain Its Former Status in China... Will It Overcome Trump’s Retaliatory Tariffs?

Hyundai Motor Group is putting forward a strategy focused on 'localization' and 'eco-friendly vehicles' to target the world's largest automobile market, China. With heightened concerns over the U.S. market due to the Trump administration's 25% tariff, the group is ramping up efforts to target China, the world's second-largest car market. In particular, Hyundai is making large-scale investments to regain the reputation of the Chinese market, where it sold around 1.8 million units in 2016, and is expanding its brand competitiveness. According to industry sources on the 25th, Hyundai Motor is aiming for a turnaround in China by investing in research and development (R&D) and launching electric vehicles. With the risks of U.S. tariffs resurfacing, the company is actively targeting the Chinese market, where 25 million new cars are sold annually. Hyundai Motor has decided to invest a total of $1.096 billion in a joint venture with Beijing Automotive Group (BAIC), Beijing Hyundai, in December last year. Both Hyundai and BAIC will equally share the investment. With this funding, Beijing Hyundai plans to release more products tailored to Chinese consumers and expand its export volume. Specifically, Beijing Hyundai plans to launch its first dedicated electric vehicle model this year, and from 2026, it aims to introduce five new energy vehicles (NEVs), including hybrid electric vehicles (HEVs). Hyundai Motor Group is also strengthening its local research and development (R&D) capabilities. At the end of last year, the group established a new corporation in Shanghai, "Como China," which focuses on artificial intelligence (AI) business. The initial capital is 213 million yuan, approximately 42.2 billion KRW. Through Como China, Hyundai plans to enhance collaboration with the city of Shanghai on AI technology projects required for Software-Defined Vehicles (SDVs). Shanghai is actively building a smart transportation ecosystem through autonomous driving and SDVs, and has reportedly opened over 2,000 kilometers of roads for autonomous vehicles. Hyundai Motor has been expanding its presence in China to enhance its SDV competitiveness. In 2021, it established a digital research and development (R&D) center in Shanghai, and in October of last year, it opened the "Shanghai Advanced Technology Research and Development Center." Hyundai plans to launch an electric vehicle equipped with generative AI from the Chinese autonomous driving software company "Haomo" in the second half of this year. Hyundai Motor President José Muñoz stated, "The Chinese market presents a challenge for most automakers due to oversupply," and added, "We are conducting in-depth market analysis to identify opportunities for improving product mix, sales volume, and brand value." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-25 17:00:26 메트로신문 기자

LG Display, the world's first to mass-produce ultra-large P2P displays, is now aggressively targeting the SDV (Software-Defined Vehicle) market.

LG Display is set to target the SDV (Software-Defined Vehicle) market by becoming the first in the industry to mass-produce a 40-inch "Pillar to Pillar (P2P)" display. The mass-produced display will be installed in electric vehicles jointly produced by Sony and Honda. On the 24th, LG Display announced that it would begin mass production of the "40-inch Pillar to Pillar" vehicle display. The Pillar to Pillar display spans from the left end of the driver's side A-pillar to the right end of the passenger's side, making it a massive panel that has garnered attention as a next-generation mobility display. The increasing popularity of SDVs (Software-Defined Vehicles), which control vehicle performance and enhance driving convenience through software, has made the integration of large displays, which allow for easy manipulation of various functions, essential. LG Display's 40-inch Pillar to Pillar display will be installed in "Afeela," the first electric vehicle from Sony Honda Mobility. The expectation is that the massive display will enhance the AI-based driver assistance system in Afeela, maximizing its potential. Building on this, LG Display plans to aggressively target the vehicle display market. It is also expected that the share of displays larger than 10 inches in vehicle display revenue will grow from 43.0% in 2021 to 73.6% this year. A representative from LG Display stated, "This large Pillar to Pillar technology proves the company's industry-leading capabilities," adding, "Since vehicle displays are directly related to safety, stricter reliability evaluation standards are applied compared to traditional panels." Indeed, the large Pillar to Pillar display represents the culmination of vehicle display technology. For instance, connecting smaller displays often results in small gaps, which can detract from the immersive experience while driving. LG Display's large Pillar to Pillar display overcomes this challenge by implementing a single panel with high resolution, surpassing previous limitations. LG Display's 40-inch Pillar to Pillar display boasts features such as a large size for enhanced immersion, smooth and accurate touch functionality, and durability that remains stable even in extreme conditions. Specifically, LG Display has applied an "SPM Mode" in this product, which allows the driver to focus on driving. The display positioned in front of the passenger seat is designed so that the driver cannot see it when the passenger watches a movie or plays a game. This technology prevents distractions to the driver's forward view while maintaining the ultra-high definition quality of the display. Additionally, unlike traditional vehicle displays, which have limitations such as the navigation screen becoming hidden or reduced in size when using air conditioning or music features, the 40-inch Pillar to Pillar display provides a personalized, customized infotainment experience for both the driver and the passenger. The display also features the industry's first application of "Local Dimming" technology, which reduces heat generation and minimizes power consumption. This innovation helps reduce battery consumption and further improves driving efficiency. Additionally, the large touchscreen controls various functions, minimizing the need for physical buttons in the vehicle. This opens up possibilities for innovative, futuristic mobility designs. Moreover, the display is designed to operate under extreme conditions, ranging from -40°C in freezing cold to 85°C in extreme heat. This ensures the necessary reliability and durability for automotive displays. Kwon Geuk-sang, Head of the Auto Business Group at LG Display, stated, "Based on our industry-leading proprietary technologies, outstanding product competitiveness, and reliable supply capabilities, we will continue to introduce innovative solutions that provide differentiated customer value in the SDV era." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-24 16:58:05 메트로신문 기자

The three major battery companies will all participate in next month's 'INTERBATTERY,' battling for leadership with next-generation technologies.

The opening of "INTERBATTERY 2025," the largest battery industry exhibition in Korea, is just ten days away. Major battery companies will unveil next-generation innovative technologies and new products to target the market. As the electric vehicle market advances, the demand for battery performance and efficiency is increasing, making it a focal point to see what strategies and technological competitiveness each company will present. According to the industry on the 23rd, about 640 companies, including the three major battery companies (LG Energy Solution, Samsung SDI, SK On), along with secondary battery manufacturers and companies related to materials, parts, and equipment, will participate in "INTERBATTERY 2025," which will be held at COEX in Gangnam, Seoul, from March 5 to 7, hosted by the Ministry of Trade, Industry, and Energy. LG Energy Solution will publicly unveil its next-generation cylindrical battery, the 46-series cell lineup, for the first time. A solar mobility vehicle from the U.S. solar electric vehicle startup "Aptera Motors," which will be powered by LG Energy Solution's batteries, will also be displayed. The company will also showcase differentiated technologies related to BMTS (Battery Management Total Solution). LG Energy Solution's BMTS is an advanced solution that monitors battery data to ensure optimal performance, integrating cloud and AI technologies to provide enhanced safety diagnostics, degradation, and lifespan predictions. Additionally, the company will present LFP-CTP (Cell-to-Pack) technology, which improves cost competitiveness while maintaining high safety, as well as high-voltage mid-nickel (Mid-Ni) pouch cells, which reduce nickel content and increase energy density through high voltage. An LG Energy Solution representative stated, "This exhibition will showcase LG Energy Solution's vision and growth potential, demonstrating that the company is not just focused on battery manufacturing, but also positioning itself at the heart of the entire 'energy circulation' ecosystem to open up endless business opportunities." Samsung SDI will showcase a variety of next-generation battery products and innovative technologies under the slogan, "Upgrading Our Daily Life with Battery Technology, InCelligent Life." Samsung SDI plans to highlight the differentiated safety of its prismatic batteries by presenting technologies such as the "No TP" (No Thermal Propagation) technology, which has recently completed commercialization review, as well as solid-state batteries (ASB) and Cell-to-Pack (CTP) products. The company aims to focus on promoting the superior safety features of its products. No TP is a technology that physically prevents heat from propagating to other cells when an issue occurs in a specific cell of a battery product, using safety materials applied between the cells. By utilizing an independent thermal propagation prediction program (TPc), optimal structural designs for heat propagation prevention can be achieved from the product planning stage. Samsung SDI will also introduce the development status of its solid-state batteries. Solid-state batteries use a solid electrolyte, which reduces the risk of fire and offers longer driving ranges, earning them the nickname "dream battery" in the industry. Samsung SDI explained that after supplying samples to several customers at the end of last year for evaluation, the company is now preparing the next stage of samples and is progressing smoothly toward commercialization, with a goal of launching solid-state batteries by 2027. A Samsung SDI representative stated, "We have continuously strived for qualitative growth based on differentiated technology and quality." They added, "Through this exhibition, visitors will be able to witness how our daily lives are being upgraded by battery technology and the technological competitiveness that makes it possible." SK On will showcase all three major form factors (pouch, prismatic, and cylindrical) to emphasize its readiness to meet the diverse needs of the market. Notably, SK On will publicly unveil a cylindrical battery prototype for the first time and introduce its strategy and direction for cylindrical battery development. In the second half of last year, SK On completed the construction of its cylindrical pilot line and has been accelerating research and development efforts. In addition to the bidirectional model, SK On will showcase a unidirectional model of prismatic batteries at this year's exhibition. The company will also introduce Z-folding stacking technology and a fast-charging solution applied to its prismatic batteries. In line with market trends, SK On will present several products featuring different chemistries for cathode and anode materials. The company will unveil its high-voltage mid-nickel battery for the first time at this exhibition, highlighting its price competitiveness, performance, lifespan, and safety. SK On will also showcase a next-generation wireless Battery Management System (BMS) that eliminates the need for wiring. The system works by using wireless chips attached to the battery cell tabs to collect data, which is then transmitted wirelessly to the BMS through the module's antenna. A representative from SK On stated, "SK On will continue to strengthen its research and development capabilities and build a portfolio that meets customer demands, securing a differentiated competitive advantage." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-23 16:33:51 메트로신문 기자

Hanwha Philile Shipyard Emerges as a Key Hub for U.S.-Korea Shipbuilding Cooperation… U.S. Legislators Visit Shipyard for Inspection

Hanwha Group's U.S. shipyard, Philile Shipyard, which was acquired in June of last year, is gaining attention as a key hub for shipbuilding cooperation between South Korea and the United States. According to the shipbuilding industry on the 20th, Mark Kelly, the U.S. Senator from Arizona who introduced the so-called "Shipbuilding Act" aimed at strengthening the U.S. shipbuilding industry, visited Hanwha Philile Shipyard on the 18th (local time) to discuss future strategic collaboration plans. Senator Kelly is the key figure behind the introduction of the "Shipbuilding and Port Infrastructure Act for America's Prosperity and Security" in the 118th U.S. Congress. The bill highlights the fact that only 2% of goods imported into the U.S. are transported on U.S.-flagged vessels and aims to expand the strategic merchant fleet to 250 ships within the next decade. It emphasizes the need for cooperation with allied nations, including South Korea, to achieve this goal. Philile Shipyard was fully acquired by Hanwha Ocean and Hanwha Systems in 2022, with a $100 million investment (approximately 1.38 trillion KRW at the time). The acquisition is intended to serve as a foothold for entry into the U.S. merchant ship and defense industry markets. Since 1997, the shipyard has been responsible for building half of the large container ships constructed in the U.S. Its docks are the largest in the U.S., with two 330-meter (length) by 45-meter (width) docks. The shipyard has primarily built medium-sized (MR) tankers, small container ships, and other mid-to-small-sized merchant vessels. To create synergy with Hanwha Ocean's Geoje plant, which focuses on large vessel orders, Philile Shipyard is expected to expand its portfolio by focusing on medium-sized tankers and container ships. There is also a potential for expanding into the U.S. Navy's maintenance, repair, and overhaul (MRO) business, which is valued at 20 trillion KRW annually, including the possibility of shipbuilding in this sector. Hanwha Ocean has recently started preparations for its long-term strategy to obtain the Facility Certification License (FCL) for Philile Shipyard, which is necessary to qualify for U.S. Navy vessel maintenance, repair, and overhaul (MRO) contracts, as well as shipbuilding. Obtaining the FCL is essential for securing Navy MRO contracts. After reviewing the shipyard's production processes and listening to feedback from the field, Senator Kelly commented, "Currently, the U.S. has only half the shipbuilding capacity needed to meet demand." He added, "Korean shipbuilding has global competitiveness in terms of technology and productivity, making it the strongest partner for the U.S." Senator Kelly emphasized, "The direction the U.S. shipbuilding industry should take is not merely recovery, but a leap toward becoming a globally competitive, sustainable industry," and added, "We will support Philile Shipyard in playing a key role at the center of this transformation." David Kim, CEO of Philile Shipyard, stated, "The U.S. shipbuilding industry faces structural challenges such as supply chain instability and a shortage of skilled labor," and further emphasized, "We will do our best to resolve these issues and play an important role in growing the U.S. shipbuilding industry in a sustainable direction." Currently, Hanwha Philile Shipyard operates a three-year apprenticeship program, supporting participants in entering the shipbuilding industry without the burden of technical training costs. ChatGPT를 사용하여 번역한 기사입니다.

2025-02-20 15:54:07 메트로신문 기자

"Steel Breaks in a Recession"... Steel Industry Struggles for Survival through Restructuring

The domestic steel industry is facing severe downturns, compounded by both the dumping pressure from Chinese products and the imminent high tariffs from the U.S. government. With global supply overcapacity and rising raw material costs, steelmakers are resorting to drastic measures for survival. Intense restructuring, such as workforce reductions and factory closures, is underway, and major companies are maintaining emergency management systems, betting their survival on overcoming the crisis. According to the industry on the 19th, Hyundai IMC, a subsidiary of Hyundai Steel, will accept voluntary retirement applications from technical staff until the 21st. The company plans to offer benefits to those applying for voluntary retirement, such as recognizing up to 50% of the remaining service period for up to 36 months and providing educational support of 10 million KRW per child. In December of last year, Hyundai Steel reached an agreement with its union to transition the Pohang No. 2 plant's steelmaking and rolling processes from the existing 4-shift, 2-team system to a 2-shift, 2-team system. This move is aimed at cost reduction and improving efficiency. Initially, Hyundai Steel had proposed shutting down the Pohang No. 2 plant, but a conflict arose when the union demanded an increase in investment alongside the withdrawal of the shutdown plan. Eventually, both sides reached a compromise by agreeing to reduce operations instead. As a result of the operational downsizing, the company is currently accepting requests for employee transfers. Employees working at the Pohang plant have the option to transfer to Hyundai Steel subsidiaries in Dangjin or Incheon or choose voluntary retirement. The specific timeline for the work transfers has not yet been determined. There is growing speculation that Hyundai Steel, having initiated voluntary retirement programs at its subsidiaries, may also pursue workforce reductions at the parent company in the future. This opinion is gaining weight, especially considering the overall decline in demand and increased cost pressures in the steel industry, making further workforce adjustments seem inevitable. However, Hyundai Steel has dismissed these concerns, stating that there are currently no plans for additional restructuring. The trend of restructuring in the steel industry is not limited to Hyundai Steel. In October 2024, POSCO Group also implemented voluntary retirement programs, targeting long-term employees with over 10 years of service at major subsidiaries such as POSCO and POSCO International. Notably, this large-scale voluntary retirement within the steel division is seen as the first of its kind in the group. This move is interpreted as a reflection of the growing sense of crisis across the industry. Earlier, POSCO implemented significant cost-cutting measures, including reducing executive salaries by up to 20% and abolishing its stock compensation system, as part of its efforts to improve management efficiency. POSCO Group Chairman Chang In-hwa is also accelerating business restructuring this year, pushing forward with the group's organizational transformation. Last year, POSCO secured 26.6 billion KRW in cash by selling its steel division's service center in China. Both inside and outside the industry, there are expectations that restructuring and business adjustments, particularly in China, will continue this year. POSCO Holdings is reportedly in the process of selling its Jiangsu Province Zhangjiagang Pohang Steel Mill as part of its restructuring efforts. In July of last year, the company also shut down the No. 1 wire rod plant at the Pohang Steelworks, unable to withstand the pressures of overcapacity in the global steel market. An industry insider commented, "Given the difficulties facing the domestic steel industry, Hyundai Steel's subsidiary implementing voluntary retirement along with employee transfers seems to be part of this broader trend. As production cuts are underway across the industry, it is expected that some level of workforce movement will be inevitable." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-19 16:24:13 메트로신문 기자

"'Busy Busy' Business Leaders Are Focusing All Efforts on Securing Future Growth Opportunities"

As Korea's economy is expected to face a "perfect storm" (a complex crisis) this year, business leaders are accelerating efforts to secure future growth opportunities. The increasing uncertainty in the business environment, such as the inauguration of Donald Trump's second term in the U.S. and a prolonged gap in diplomatic and trade leadership, is prompting them to mobilize private sector capabilities to ensure stable growth in core businesses and secure leadership in global markets. According to the business community on the 18th, Hyundai Motor Group Chairman Chung Eui-sun recently traveled to the U.S. Despite the global economic downturn, the U.S. remains the most strategic region for Hyundai Motor Group, which achieved impressive results. Hyundai and Kia sold over 1.7 million vehicles in the U.S. market, accounting for more than 25% of global sales, marking their highest performance. Chairman Chung, who has elevated Hyundai's technological prowess over the past 20 years, began his trip with on-site management at the 'Mohave Test Track' and later had a golf meeting with Donald Trump Jr., who is considered a key figure in the U.S. This is seen as a move to respond to President Trump's announcement on April 2 regarding reciprocal tariffs and automobile taxes. There are predictions that if the U.S. imposes a 10% tariff on automobiles, Hyundai Motor Group's profit could decline by over 4 trillion KRW. The industry is closely watching whether Chairman Chung can foster a closer relationship with the Trump administration and continue to achieve positive outcomes. SK Group Chairman and the Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won is scheduled to visit the U.S. to attend the Trans-Pacific Dialogue (TPD) in Washington, D.C. on February 21-22. This will be his first visit to the U.S. since the inauguration of President Donald Trump, and according to the disclosed schedule, he will be the first of the top four chaebols' leaders to visit Washington, D.C. The TPD is an event hosted by the CJ Chey Foundation, which Chairman Chey leads, and has been held since 2021. While the event is usually held in December, this year's timing was adjusted to February due to U.S. and Japan political schedules. Given that the event has previously seen prominent opinion leaders from Korea, the U.S., and Japan, influential figures from politics and business are expected to attend this year's event as well. Within the business community, there are expectations that Chairman Chey will present new collaboration strategies with the U.S. and Japan, which he has previously discussed. Discussions are also anticipated on various sectors that are becoming key pillars of the global economy in the AI era, such as semiconductors, infrastructure, and energy industries. Recently, Samsung Electronics Chairman Lee Jae-yong, who has resolved his legal risks, is highly likely to visit the Middle East for his first overseas business trip. Industry insiders expect him to visit Abu Dhabi, UAE, this month. The UAE is not only the first destination Lee visited after becoming chairman in October 2022 but also the place he visited the day after being acquitted in his first trial. During his visit, Lee is expected to focus on cooperation in next-generation communication networks like 6G, IT new businesses, and semiconductor-related collaborations. Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-yeon, is focusing on expanding the group's competitiveness in the defense sector, which is one of its core areas. Kim Dong-kwan, who recently visited the UAE, met with Faisal Al Bannai, CEO of EDGE Group, on the 17th to discuss ways to build strategic partnerships in the defense industry, as well as in space, shipbuilding, and maritime sectors. Additionally, Kim explored opportunities for collaboration in unmanned air defense systems, space and satellite industries, and potential cooperation between Hanwha Ocean and EDGE Shipyard in the shipbuilding and maritime sectors. Hanwha and EDGE plan to continue discussions to establish concrete collaboration strategies and expand their strategic cooperation in the defense and related industries. An industry insider commented, "Given the challenging current situation in our country, companies are proactively preparing countermeasures to respond to the tariff bomb from the Trump administration. However, there are limits to what businesses can solve on their own, so there is also hope for diplomatic support from the government." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-18 16:24:53 메트로신문 기자

"'K-defense' targets Africa and the Middle East… Showcasing advanced technologies at the international defense exhibition 'IDEX 2025'"

South Korean defense companies are showcasing the power of "K-defense" at the largest international defense exhibition in Africa and the Middle East. According to the industry on the 17th, Hyundai Motor Group and Hanwha Group's defense subsidiaries are participating in the international defense exhibition "IDEX 2025" to showcase advanced technologies. Kia will unveil the Medium Standard Vehicle (KMTV) bonnet-type bare chassis, the Small Tactical Vehicle (KLTV) two-seat cargo, and the Tasman. Kia's medium standard vehicle is set to replace the existing 2½-ton and 5-ton military standard vehicles, and it is scheduled to be supplied to the Korean military starting in June this year. Equipped with various convenience features such as front and rear cameras and navigation, this vehicle ensures safer transportation of personnel and supplies. It has capabilities like fording a 1-meter-deep river, climbing a 60% grade (both forward and backward), handling a 40% side slope, and a transport capacity of up to 25 passengers. The medium standard vehicle bonnet-type bare chassis is made up of just the frame and engine, allowing it to be customized into various forms depending on its specialized use. The small tactical vehicle two-seat cargo is designed to help secure safe military mobility in various environments, with capabilities such as fording a river with a depth of 760 mm, handling a 60% grade, navigating a 40% side slope, starting in temperatures as low as -32°C, and having electromagnetic shielding. The Tasman, the brand's first true pickup, will be showcased as a dedicated show car with various special features tailored to the local environment, including a desert-colored matte paint, snorkel, and front bumper with fire extinguishing capabilities. "Exhibition booth of Hyundai Wia at IDEX 2025, held at the Abu Dhabi International Exhibition Center in the UAE on February 17 (local time) / Hyundai Wia" 4o mini Hyundai Wia is participating in the exhibition for the first time, unveiling a range of mobile artillery systems in the form of mockups (display models). The mobile artillery system is a weapon system that reduces the weight of existing products and significantly improves mobility by being mounted on vehicles. A representative example is the "lightweight 105mm self-propelled howitzer" mounted on a small tactical vehicle. This lightweight 105mm self-propelled howitzer was developed through the rapid research and development project by the Defense Acquisition Program Administration (DAPA), and it boasts a maximum range of about 14 kilometers, longer than traditional self-propelled howitzers. Also on display are mockups of tactical vehicle-based future weapon systems, such as the vehicle-mounted 81mm mortar for rapid fire support in infantry combat and the vehicle-m Hanwha Group's defense subsidiaries are showcasing key technologies of the Korean Integrated Multi-Layered Air Defense Solution. Hanwha Aerospace and Hanwha Systems are displaying advanced air defense capabilities, including key components such as multi-function radars (MFR), guided missiles, and launchers. These include the Long-Range Surface-to-Air Missile System (L-SAM), known as the "Korean THAAD," the Korean Iron Dome Long-Range Artillery Intercept System (LAMD), and the Korean Patriot Medium-Range Surface-to-Air Missile System (M-SAM). The L-SAM is a surface-to-air defense system capable of tracking and intercepting incoming enemy missiles from much longer distances than any other air defense system currently held by the Korean military, enabling early destruction of the threats. At this exhibition, the companies showcased the key technologies of the multi-layered air defense solution, including the multi-function radar (MFR), launchers, and guided missiles, which are essential for the operation of L-SAM. The L-SAM guided missile, developed jointly by the Agency for Defense Development (ADD) and Hanwha Aerospace, features a multi-pulse propulsion system that generates stepwise thrust to reach stratospheric altitudes with low air density. Additionally, it is equipped with a Dual-Axis Control System (DACS) that precisely controls the missile's posture with minute gas ejection, even at high altitudes where the air is thin. Hanwha Aerospace showcased a K9 self-propelled howitzer equipped with a domestically produced engine. The K9, which is powered by a 1,000-horsepower diesel engine, recently passed durability tests in Egypt and will begin full-scale production in Egypt later this year. In 2022, Hanwha Aerospace signed a package export contract worth 2 trillion KRW with the Egyptian government, which includes the K9, K10 ammunition carrier, K11 fire control command vehicle, and other systems. ChatGPT를 사용하여 번역한 기사입니다.

2025-02-17 16:29:17 메트로신문 기자

Despite Trump’s tariffs, the cable industry remains resilient... Accelerating the push into the U.S. market.

Major domestic cable companies, such as LS Cable & System and Daehan Cable, recorded solid performance last year despite external uncertainties. Although U.S. President Donald Trump's protectionist policies have been strengthened, the global demand for electricity is rising rapidly, and investments in power infrastructure within the U.S. continue, leading to the view that the impact on the cable industry will be limited. According to industry sources on the 16th, LS Cable & System reported revenues of 6.766 trillion won and operating profit of 274.7 billion won last year, marking an 8.8% and 18.2% increase, respectively, compared to the previous year. Daehan Cable also achieved its best performance in 13 years, with revenues of 3.282 trillion won and operating profit of 114.6 billion won. The strong performance of major cable companies is largely attributed to the growth of the North American market. With increased investments in data centers in the U.S., the demand for power infrastructure has surged. The expansion of power grids, including the installation of ultra-high voltage cables and the replacement of outdated cables, has also contributed significantly to the performance boost. The U.S. Federal Energy Regulatory Commission (FERC) has projected that the growth rate of power demand in the U.S. will expand from 2.6% in 2023 to 4.7% by 2028. In particular, with the replacement of aging power infrastructure and the rapid increase in demand for AI and data centers, it is expected that power demand in the U.S. will rise from 8 terawatt-hours (TWh) last year to 652 TWh by 2030, an increase of more than 80 times. Domestic cable companies are actively entering the U.S. market. LS Cable & System plans to invest 1 trillion won this year to build the largest offshore cable factory in Virginia, U.S. The factory is set to begin mass production by 2028 and will feature a 200-meter-high power cable production tower. Daehan Cable surpassed 7.2 trillion won in total orders in the U.S. market last year, achieving its best performance since entering the North American market. The company plans to strengthen its competitiveness by securing multiple projects in the U.S. through its local subsidiary, T.E. USA. The rise in copper prices due to Trump's strengthened protectionism has also had a positive impact on the industry. Under price-linked contracts, an increase in the price of copper, a key raw material, also leads to higher cable export values. According to the London Metal Exchange (LME), copper prices (spot price) as of the 14th have risen by 4.8% to $9,812 per ton compared to the previous day. This increase is attributed to a surge in demand to secure supplies in anticipation of tariff measures, driving up the prices of industrial metals. The industry expects the supercycle (boom period) in the cable industry to continue until 2030. The "Stargate" project, an AI data center initiative driven by the U.S., is also expected to be a key factor in driving the expansion of power demand. This project will require substantial power facilities and infrastructure to proceed on a large scale. An industry insider stated, "As the demand for replacing aging power grids in the U.S. rapidly increases, the role of our companies in the local market is becoming more critical." He added, "Considering this, the cable industry is unlikely to face significant direct impact from Trump's strengthened protectionist policies." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-16 15:40:58 메트로신문 기자

Korea GM plays a pivotal role in the domestic industry, securing jobs through export expansion and enhancing customer experience through an expanded lineup.

Korea GM is focusing all efforts on capturing both domestic and export markets with its strategic models. The company is particularly concentrating on the export of vehicles developed and produced in Korea while also importing competitive models from General Motors (GM) headquarters for domestic sales, implementing a "two-track" strategy. According to industry sources on the 13th, Korea GM exported 418,782 units to the U.S. last year, solidifying its position as a major contributor to Korea's export industry. This figure represents 83.8% of its total production volume (499,559 units). The key export models are the Chevrolet Trailblazer and the Trax crossover. The Trax crossover, developed by GM Technical Center Korea in Korea, played a crucial role in turning Korea GM from a deficit to profitability. The Trailblazer, which was launched in Korea in January 2020, recorded about 18,000 units in exports in October 2022, making it the top-selling domestic car for exports. The Trax crossover, a small SUV that Korea GM began producing at its Changwon plant in February 2023, has maintained steady popularity in the North American market and became the top export model for the domestic car industry last year, with over 295,000 units exported. Through the expanded exports of its key models, Korea GM is making a significant contribution to the development of both the Korean economy and the automotive industry. Korea GM plans to further increase its production to 500,000 units this year, focusing on strategic models. In the domestic market, Korea GM is expanding its product lineup under GM's brands, offering consumers a wider range of choices. Korea GM has secured a unique lineup with models such as the Chevrolet Colorado pickup truck, the GMC Sierra full-size pickup, and full-size SUVs like the Chevrolet Tahoe and Cadillac Escalade. This year, the company plans to focus on expanding its lineup with the launch of various new models from its premium brand, Cadillac. New electric vehicle models and GM's strong RV models are expected to be the focus. Additionally, Korea GM is preparing to introduce the OnStar service in Korea. OnStar provides a new digital experience by offering remote vehicle control through a smartphone app, as well as vehicle status information, diagnostics, and more. In addition, Korea GM is preparing to introduce autonomous driving technology. At the "Cadillac EV Day" event held in Gangnam, Seoul, in November, it was announced that the domestic introduction of GM's autonomous driving technology, Super Cruise, is progressing smoothly. Chae Myung-shin, Head of Digital Business at Korea GM, stated, "We are preparing solutions that will meet the expectations of domestic customers, including the development of high-precision maps, navigation systems for this purpose, and addressing regulatory aspects, to launch Super Cruise in Korea." While Korea GM is focusing on both the domestic and export markets, rumors of a potential withdrawal continue to circulate. After receiving 8.1 trillion won in support from the Korea Development Bank in 2018, the company promised to continue its operations in Korea and produce two new car models through 2028. While Korea GM has kept its promises by producing the Chevrolet Trailblazer and the Trax crossover, it has not disclosed a clear future vision regarding additional investments. In response to these concerns, Korea GM emphasizes its commitment to securing stable jobs, enhancing future competitiveness, and focusing on ESG (Environmental, Social, and Governance) management. A Korea GM representative stated, "We are driving sustainable growth through enhanced production efficiency, a multi-brand strategy, and customer-centric management," adding, "We are also continuously investing in the latest facilities, such as converting R&D corporate interns into full-time employees and opening a new service center in Seoul in July last year." ChatGPT를 사용하여 번역한 기사입니다.

2025-02-13 15:33:38 메트로신문 기자

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