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Hyundai Mobis moves market forward with in-vehicle infotainment tech

Hyundai Mobis' local dimming head-up display showcased at CES 2023 / Courtesy of Hyundai MobisBy Kim Jae-heunHyundai Mobis, an auto parts unit of Hyundai Motor Group, is focusing on research and development to take the lead in the global market for in-vehicle infotainment (IVI) technology, the company said Thursday.The company unveiled its blueprint to provide an integrated solution tailored to customer needs after declaring its future strategy of aiming to become a mobility platform provider at the 2023 Consumer Electronics Show (CES) held in Las Vegas in Jan. Three out of four IVI-related technologies it showcased at the tech event also won Innovation Awards there. The world-first integrated cockpit swivel display received much attention at CES 2023. The 34-inch super curved display, which runs from the driver's seat to the passenger seat, moves in and out of the cockpit. It not only provides various driving information but also 3-dimensional navigation as well as infotainment. The company's local dimming head-up display (HUD) developed based on full array local dimming (FALD) tech

Apr 20, 2023By Kim Jae-heun
Hyundai Mobis moves market forward with in-vehicle infotainment tech
Companies

LG Chem innovates chemical industry with emerging technology

An employee at LG Chem's Daesan factory in Seosan, South Chungcheong Province, monitors workers' safety through installed cameras, on Tuesday. Courtesy of LG ChemLG Chem is introducing various cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI) and big data into its major businesses in petrochemicals, advanced materials and life sciences, the company said on Wednesday.It plans to optimize shop floors and lead the progression of the chemical industry with core technologies in preparation for the Fourth Industrial Revolution. First, the company introduced an AI chatbot called ChemBot in its company-wide business portal to increase worker convenience and efficiency. ChemBot communicates and gives answers to people's questions through text with a messenger-based interactive system. Its main functions include people searching, schedule management and text messaging. It is also designed to help with difficult jargon used in the industry. Workers can deal with various tasks by giving orders in simple sentences. In the future, LG Chem plans to accumul

Apr 20, 2023By Kim Jae-heun
LG Chem innovates chemical industry with emerging technology
Companies

Philip Morris Korea appoints new managing director

By Kim Jae-heunPhilip Morris Korea (PMK) has appointed Hannah Yun, the managing director of Philip Morris Australia, as its new head who will continue to accelerate its effort for the rapid realization of a “smoke-free future,” the company said on Wednesday. Yun will take the helm at the Seoul office on May 1.Philip Morris Korea's new managing director Hannah Yun / Courtesy of PMK“With its cutting-edge technology and dynamic market environment, Korea is one of the most important countries leading Philip Morris' transformation to a 'smoke-free future,” Yun said in a statement. “I will further strengthen the competitiveness of Philip Morris Korea by implementing consumer-centric strategies and services based on my international experience.” She continued, “Korean consumers are known to have a high level of trust in innovative technologies and support efforts to create greater choices and a better society. We will continue to provide accurate information on the dramatic differences between cigarettes and heat-not-burn products and support adult

Apr 19, 2023By Kim Jae-heun
Philip Morris Korea appoints new managing director
Companies

Novelis Korea to foster robotics experts

Students operate robots during the 2022-2023 Korea Robot Championship held in Daejeon, Feb. 10. Courtesy of Novelis KoreaBy Kim Jae-heunNovelis, a leader in sustainable rolling and recycling of aluminum, has been at the frontier in fostering young experts living outside the Seoul capital region, according to company officials, Tuesday.Since 2019, the company has been sponsoring a scholarship team with FEST Creative Engineering Education Association every year and providing free robot-making kits to participants while running workshops and offering education sessions. After the sessions, students are given the opportunity to participate in the Korea Robot Championship, the country's largest robot-making contest, to make robots and solve problems related to global issues. The winners of the championship are eligible to join the Global Robot Championship.“As a result of providing robot coding education to a total of 323 students from 63 teams since 2019, the Novelis scholarship teams have shown notable accomplishments at the robot championship by garnering a Winning Alliance award

Apr 19, 2023By Kim Jae-heun
Novelis Korea to foster robotics experts
Companies

LG chairman stresses importance of maintaining competitive edge in cathode business

LG Group Chairman Koo Kwang-mo walks with staffers at LG Chem's Cheongju plant in North Chungcheong Province, during his visit to the global cathode production line, Monday. Courtesy of LG GroupBy Kim Jae-heunLG Group Chairman Koo Kwang-mo stressed the importance of expanding the company's cathode production during his recent visit to LG Chem's plant, in order to capitalize on the rapidly growing global demand for electric vehicle batteries, according to company officials Tuesday.Koo made the visit to LG Chem's cathode-producing factory in Cheongju, North Chungcheong province, Monday, to check the global battery supply chain. He emphasized the importance of the material in the value chain. “As cathodes are a key material in the second battery business and a new growth engine, it is important that we have a leading position with the material in the global market,” Koo said during his visit to the factory.The Cheongju plant serves as a global control tower and a key base for LG Chem's cathode production. Cathodes are a core material that determines battery capacity and life

Apr 18, 2023By Kim Jae-heun
LG chairman stresses importance of maintaining competitive edge in cathode business
Companies

LS Electric participates in Hannover Messe 2023

Seen is a model of LS Electric's exhibition booth opened at the Hannover Messe 2023 trade show held in Hannover, Germany, on Monday. Courtesy of LS ElectricBy Kim Jae-heunLS Electric has unveiled a number of smart energy solutions applying information and communications technology (ICT) at the Hannover Messe 2023, the world's largest industrial technology exhibition being held in Hannover until April 20, the company said, Monday.The company participated in the event held under the theme of “Sustainable future with Digitalized Energy Solution” and showcased its technologies in the fields of smart power and automation.It established a 189-square-meter exhibition booth ― the largest among Korean firms present at the trade show ― and invited clients from around the world to let them directly experience its smart energy management system as well as digital manufacturing innovation. In particular, LS Electric presented its up-to-date direct current (DC)-based power distribution systems such as its solid-state transformer (SST) and solid-state circuit breaker (SSCB). Unlike gene

Apr 18, 2023By Kim Jae-heun
LS Electric participates in Hannover Messe 2023
Companies

Robotic, unmanned services on rise in restaurants

A robot serves lunch boxes at the 62nd Franchise Startup Fair held at COEX in Seoul, in this 2021 file photo. YonhapBy Kim Jae-heunA 34-year-old owner of a French restaurant surnamed Lee recently purchased and installed tablets on all the restaurant's tables, enabling customers to browse the menu and place orders without a waiter. “It cost between only 200,000 won ($152.10) and 300,000 won to purchase one low-budget tablet, which I think well covers the work of one human server all day long. I don't have to worry about hiring staff. Robots are also the new trend among restaurant owners,” Lee said. “Employees are not always punctual ― sometimes they come late, sometimes they don't even show up. Robots, on the other hand, don't have any problems like that.”There are already various devices, machines and robots replacing human workers in restaurants and cafes such as menu-ordering tablets, self-ordering kiosks and server robots. Some major franchise restaurants, like VIPS, even have food preparation robots that cook noodles for multiple customers at once. As busi

Apr 17, 2023By Kim Jae-heun
Robotic, unmanned services on rise in restaurants
Companies

Kumho Petrochemical to overcome economic slowdown with strategic agility

Kumho Petrochemical's second rubber production facility in Yeosu, South Jeolla Province / Courtesy of Kumho Petrochemical Kumho Petrochemical plans to adopt the business concept of strategic agility, which involves insights, agility and flexibility, as its operational strategy in order to continue to generate stable profits this year, company officials said Friday.The company will maintain its solid business structure based on its strategic plan focusing on Core, Base and Growth principles revealed in 2022.Core: Will focus on strengthening the market dominance of solid synthetic rubber and latex products for tires. Base: Will focus on diversifying the sales regions of its synthetic resin business and expand high-value-added products. Growth: Will focus on securing the competitiveness of its carbon nanotube products. Kumho Petrochemical's subsidiary Kumho P&B Chemicals will continue to promote its Hydrogenated Bisphenol A (HBPA) business as a joint venture with its m

Apr 15, 2023By Kim Jae-heun
Kumho Petrochemical to overcome economic slowdown with strategic agility
Companies

Paris Baguette signs deal to offer job opportunities in New York City

From left, SPC Group President Hur Jin-soo, New York City Mayor Eric Adams, and American Chamber of Commerce in Korea (AMCHAM) Chairman James Kim pose after signing an internship agreement at a Paris Baguette store in New York City, Wednesday. Courtesy of SPC By Kim Jae-heunParis Baguette signed an agreement with New York City and the American Chamber of Commerce in Korea (AMCHAM), Wednesday (local time), to stimulate economic growth through internships for New Yorkers and support minority- and women-owned business enterprises, the bakery chain operator SPC said Friday.Central to the initiative is an immersive, six-week internship training program at Paris Baguette, where interns will receive hands-on training and classroom instruction on food preparation in either baking or cake decoration. The internship will conclude with consideration for job placements and opportunities for continued career development.“At Paris Baguette, we're proud of our standing as a pillar

Apr 14, 2023By Kim Jae-heun
Paris Baguette signs deal to offer job opportunities in New York City
Companies

Balaan faces uncertain future

Balaan's online shopping mall displays various luxury items on its platform on Feb. 3. Screencaptured from Balaan's websiteBy Kim Jae-heunThe online luxury goods shopping platform Balaan is facing growing doubts over the feasibility of its business after its operating loss doubled last year, from 2021, due to high marketing and advertising expenses, according to industry officials Thursday.The company's auditor Samdo Accounting's remarks that questioned Balaan's financial viability have further fueled concerns over the luxury goods sales platform.Balaan's sales grew 71 percent in 2022 to 89.1 billion won ($67.91 million) from 2021, with its transaction value also jumping 127 percent to reach 680 billion won. However, the company's operating loss doubled from 18.6 billion won in 2021 to 37.4 billion won in 2022. Balaan's net loss also increased two-fold from 19 billion won to 38 billion won, over the same period. “Balaan's current financial status indicates that there are significant uncertainties that could raise questions about its viability as a continuing company,” Sam

Apr 14, 2023By Kim Jae-heun
Balaan faces uncertain future
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