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[Monitor] LG Chem maintains No.1 in global EV battery market

IndustryOct 7, 2020

LG Chem topped the global electric vehicle battery market by deploying 15.9 gigawatt-hours of EV batteries in the Jan-Aug period, commanding 24.6 percent of the market, followed by China’s CATL and Japan’s Panasonic, which controlled 24 percent and 19.2 percent, respectively. Samsung SDI ranked fourth, selling 4.1 gigawatt-hours of EV batteries to account for 6.3 percent of the market. Meanwhile, SK Innovation took the sixth place, posting sales of 2.7 gigawatt-hours and taking up
[Editorial] Hypocritical virus control

EditorialOct 7, 2020

The government and the ruling party come out looking hypocritical with regard to the guidance to prevent the spread of COVID-19.　 Despite a special travel advisory from the Ministry of Foreign Affairs, which asks people to avoid going abroad due to coronavirus concerns, Lee Yill-byung, the husband of Foreign Minister Kang Kyung-wha, traveled to the US on Oct. 3, presumably to buy a yacht. The US is a high-risk country where the number of coronavirus cases has topped 7.3 million. Even President
[Monitor] Hyundai, Kia sold fourth most EVs worldwide

TransportOct 6, 2020

The nation’s largest automakers, Hyundai Motor and Kia Motors, sold the fourth most electric vehicles among global car brands by July of this year. Citing data provided by SNE Research, the Korea Automotive Technology Institute said Monday the two automakers sold a combined 6,707 electric vehicles in the global market by July, ranking fourth in terms of sales. (khnews@heraldcorp.com)
[Elizabeth Drew] Is US facing next civil war?

ViewpointsOct 6, 2020

America’s capital is more on edge now than at perhaps any other time since the eve of the US Civil War in 1860. The city was tense during Watergate, of course. But as much as Richard Nixon tested the constitutional system as a lawyer who had served in government for decades, he recognized that there are limits that even a president dares not transgress. And now, with President Donald Trump, the first lady and a top aide among those testing positive for COVID-19, there is more uncertainty i
[Editorial] Calm Posture

EditorialOct 6, 2020

The news of US President Donald Trump having contracted the coronavirus has prompted concerns here over the effect his illness could have on the security situation on the peninsula, with inter-Korean ties strained amid stalled denuclearization talks between Washington and Pyongyang. It is hoped that dire scenarios will be averted by Trump’s quick recovery from COVID-19. And the US government should be counted on to function without a significant hitch even if his condition becomes worse t
Belief in mission vital to entrepreneurs

ViewpointsOct 5, 2020

The world as we know it has changed. I have lived through three different crises in my life. The first one was the Indonesian political turmoil in 1998 that coincided with the Asian financial crisis, and the second is when I graduated from college in the United States. Having graduated with an electrical engineering degree, I faced a job market reeling from the burst of the dot-com bubble. Even though I was lucky enough to find a job in Boston, the highlight of my second day of work was 9/11. T
[Monitor] Korea outperforms other OECD countries in GDP growth in Q2

IndustryOct 5, 2020

Data released by the Bank of Korea on Sunday showed that South Korea performed better than other major countries in the second quarter in terms of gross domestic product growth. According to the BOK, Korea’s economy receded 3.2 percent on-year in the April-June period, but leaped to second place from the previous quarter’s 12th place. The list comprised the GDP growth rates of 36 countries that are members of the Organization for Economic Cooperation and Development, plus China and
[Editorial] Sophistry or lies?

EditorialOct 5, 2020

Justice Minister Choo Mi-ae has strongly denied that her son received preferential treatment in extending his leave when he served as a member of the Korean Augmentation to the US Army.　 News media and lawmakers had raised suspicions that her son was granted an extended leave -- two periods of sick leave and one regular leave successively -- in June 2017 thanks to her aide’s phone calls to his unit. At that time, she was chair of the ruling Democratic Party of Korea. She has argued on se
[Monitor] Average price of apartments in Seoul surpasses W1b

BusinessSept 30, 2020

Data released by KB Kookmin Bank‘s real estate information provider Liiv On showed that the average selling price of apartments in Seoul surpassed 1 billion won for the first time in September this year. (khnews@heraldcorp.com)
[Lee Kyong-hee] A land developer’s passion for Korean script

ViewpointsSept 30, 2020

Tourists flock to Bukchon Hanok Village, perpetuating the must-see reputation of the Seoul enclave. The small Korean-style houses lining narrow alleyways are cultural magnets, pulling in sightseers from home and abroad. Many of the residents don traditional Korean garb to perhaps recapture the backdrops of popular serials and movies shot in the neighborhood. This, of course, was before the COVID-19 pandemic froze travel and tourism. The tourist boom in Bukchon began with the first ripples of H
[Editorial] Strategic path

EditorialSept 30, 2020

Top diplomats from the US and China are scheduled to visit Seoul in October with South Korea being pulled in by the two superpowers amid their escalating rivalry. Diplomatic sources here say US Secretary of State Mike Pompeo will come to Seoul next week for a two-day visit, which will soon be followed by Chinese Foreign Minister Wang Yi’s trip here. Their back-to-back visits may be the latest indication of the growing pressure Washington and Beijing are putting on Seoul to stand by eithe
[팟캐스트] (372) 떡의 재발견 / 탈북자, 국보법 위반으로 집유

PodcastSept 29, 2020

진행자: 손지형, Paul Kerry 1. New rice cakes break away from traditions 요약: 떡이 단순히 명절때만 먹는 음식이 아닌, 젊은 세대의 간식으로 변신하는 중 [1] One of the traditional foods associated with Chuseok is tteok, or rice cakes. In recent years more tteok treats have strayed from traditional flavors, and cooking methods targeting younger customers have been coming into the spotlight, with social media marketing leading the trend. *traditional: 전통의 *treats: 특식 *stray from: 벗어나다 (차별화를 두다) *flavor: (음식 등의) 맛, 풍미 *come in
[Monitor] Nearly half of Korean companies adopt remote work system

BusinessSept 29, 2020

A survey conducted by Jobplanet and commissioned by the Labor Ministry showed that nearly half, or 48.8 percent, of companies in South Korea have adopted a remote work system as of July since the pandemic. (khnews@heraldcorp.com)
[Trudy Rubin] Trump’s ‘big lie’ echoes autocrats

ViewpointsSept 29, 2020

In the 1920s Adolf Hitler coined the term “the big lie,” meaning the use of falsehood so huge no one would believe a leader could dare promote it were it not true. From then on the phrase “the big lie” became a standard description of the prime propaganda technique used by strongmen in undemocratic regimes. Last week, Donald Trump’s mastery of the big lie was on full display when he gave himself an A+ for his handling of COVID-19. “We’ve done a phenom
[Editorial] Regulations pile up

EditorialSept 29, 2020

The government and the ruling Democratic Party of Korea keep tightening business regulations. They appear determined to demotivate companies. Business circles appealed to them for days to reconsider three “fair economy” bills. But they are adamant. The ruling party is poised to pass them through the National Assembly. Under the banner of a fair economy, they proposed bills to revise the commercial law and fair trade law, and enact the financial group supervision law, but companie