Government, Business, Technology, Logistics

Companies Rethink Supplier Networks in COVID Era

The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places to minimize shipment and production disruptions.

Kyunghee Park | Bloomberg News
June 21, 2022
Business, Technology, Fuel, Logistics, Global Freight

HMM to Continue Deploying More Ships as Port Congestion Persists

HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

Kyunghee Park | Bloomberg News
May 10, 2022
Business, Equipment

Singapore Air Picks Airbus Freighters to Renew Cargo Fleet

Singapore Airlines Ltd. signed a letter of intent with Airbus SE for seven A350 freighters with an option to take five more as the carrier phases out its aging cargo fleet.

Kyunghee Park | Bloomberg News
December 15, 2021
Business, Logistics, Top 100

FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules

FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.

Kyunghee Park | Bloomberg News
November 17, 2021
Business, Technology, Equipment, Fuel

Global EV Battery Sales Surge as Demand for Clean Cars Booms

Global electric-vehicle battery sales more than doubled in the first four months of the year as the switch to environmentally friendly cars gathers pace.

Kyunghee Park | Bloomberg News
June 1, 2021
Business, Technology, Fuel

Cars on Hyundai’s Electric Platform Can Charge 80% in 18 Minutes

Hyundai Motor Group plans to build 23 electric vehicles on its new EV-dedicated platform, and is aiming to sell 1 million of the cars worldwide by 2025, the South Korean automaker said Dec. 2.

Kyunghee Park | Bloomberg News
December 2, 2020
Business, Technology, Fuel

World’s Top Electric-Car Battery Business Moves Toward IPO

South Korean petrochemicals maker LG Chem Ltd. will split off its electric-vehicle battery business into a separate entity, seeking to carve out value as global EV demand increases.

Kyunghee Park | Bloomberg News
September 17, 2020
Government, Business, Safety

Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage

Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.

Kyunghee Park | Bloomberg News
February 4, 2020
Business, Technology, Fuel

Battery Giants Hit by Slump in China’s Electric Vehicle Market

CATL and BYD Co. saw sharp declines in sales of electrified-vehicle batteries in September as demand weakened in China, where the government is cutting subsidies in the EV sector.

Kyunghee Park | Bloomberg News
November 22, 2019
Government, Business, Technology, Autonomous

South Korea Speeds Up Plans for Autonomous, Electric and Flying Cars

South Korea unveiled plans to speed up the adoption of electric cars, self-driving vehicles and even flying automobiles in the coming years to help revive a sagging economy.

Kyunghee Park | Bloomberg News
October 15, 2019