Kyunghee Park

Business, Technology, Fuel

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

BYD Qilai Shen/Bloomberg News

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

Charging an EV A man attaches a charging plug to a Chevrolet Volt hybrid electric vehicle at a charging station in Jeju, South Korea. (SeongJoon Cho/Bloomberg)

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
Business, Technology, Autonomous

Hyundai to Set Up $4 Billion Driverless Car Venture

Hyundai SeongJoon Cho/Bloomberg News

Hyundai Motor Group will spend $1.6 billion to develop autonomous vehicles with Aptiv Plc, marking one of the biggest investments yet by a traditional carmaker into the burgeoning robocar industry.

Kyunghee Park | Bloomberg News
September 23, 2019
Technology, Autonomous

Volvo Self-Driving Buses Set for Singapore

Volvo Ore Huiying/Bloomberg News

Volvo AB is ready to start trialing full-size driverless buses in Singapore, helping the city state take a step forward in the race to deploy autonomous public transport.

Kyunghee Park | Bloomberg News
March 5, 2019
Business, Logistics

As China Reduces Pollution, Value of Vessels Transporting LNG Increases

LNG Vessel SeongJoon Cho/Bloomberg News

The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year.

Kyunghee Park | Bloomberg News
January 29, 2019
Business, Logistics

Cosco Shipping to Sell $947 Million of Orient Overseas Shares

Jasper Juinen/Bloomberg News

Cosco Shipping Holding Co. plans to sell as much as HK$7.43 billion ($947 million) of shares in Orient Overseas International as part of efforts by China’s biggest container-shipping line to maintain the listing status of the rival it is acquiring.

Kyunghee Park | Bloomberg News
July 6, 2018
Business, Technology, Logistics

Blockchain on Verge of Revolutionizing Shipping Industry

Akos Stiller/Bloomberg News

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.

Kyunghee Park | Bloomberg News
April 18, 2018
Business, Logistics

Hong Kong Set to Lose Spot Among Top Five Container Ports in 2018

Anthony Kwan/Bloomberg News

Hong Kong is poised to lose its ranking as the world’s fifth-busiest container port if cargo-handling trends continue.

Kyunghee Park | Bloomberg News
January 4, 2018
Business, Logistics

The World’s Shipping Companies Are Going Super-Sized

A Maersk Ship kees torn/Flickr

A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.

Kyunghee Park | Bloomberg News
August 16, 2017

Cathay Pacific to Buy Out Partner DHL’s 40% Stake in Cargo Unit

DHL cargo venture montoya711/Flickr

Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.

Kyunghee Park | Bloomberg News
July 7, 2017