Kan Hyeong-woo

3 days ago | koreaherald.com | Kan Hyeong-woo

Doosan Enerbility eyes global expansion as US, Europe reignite nuclear ambitionsDoosan Group, a Korean power generation-to-heavy equipment conglomerate, has shaken up the leaderboard of the country’s largest conglomerates as its listed companies, namely Doosan Enerbility, saw their stock prices surge in the first five months of this year on the back of the United States doubling down on nuclear energy.

1 week ago | koreaherald.com | Kan Hyeong-woo

Korean battery maker turns to rising ESS demand amid EV slumpLG Energy Solution has begun the mass production of lithium iron phosphate, or LFP, batteries for energy storage systems, or ESS, at its manufacturing plant in Holland, Michigan, the Korean battery maker said Sunday.

1 week ago | koreaherald.com | Kan Hyeong-woo

Hyundai Mobis on Thursday announced the opening of a 97 billion won ($70.1 million) logistics center in Gyeongju, North Gyeongsang Province, as the auto parts-maker under Hyundai Motor Group looks to improve its supply chain for the maintenance and repair works. Covering 81,000 square meters in ground space, the new logistics center will handle some 175,000 auto parts for 152 models of Hyundai Motor, Kia and Genesis vehicles.

1 week ago | koreaherald.com | Kan Hyeong-woo

General Motors has once again dismissed speculation that it plans to end its Korean operations despite the US automaker’s decision to sell off loss-making businesses and idle assets in Korea. According to auto industry sources on Thursday, Hector Villarreal, president and managing director of GM Korea, met with the leadership of the company’s labor union the previous day to explain that the selloff decision was not part of a process to exit the Korean market but rather to increase profitability.

1 week ago | koreaherald.com | Kan Hyeong-woo

HD Hyundai Executive Vice Chairman Chung Ki-sun (third from right) takes a selfie with new employees of HD Hyundai Heavy Industries' special ship buisness unit at the International Maritime Defense Industry Exhibition -- MADEX -- 2025 in Busan on Wednesday. Chung presented the company's vision to build the best warships that back up the global maritime security during a reception ceremony with representatives from several countries.