Latest news with #KimDong-wook
Korea Herald
22-07-2025
- Automotive
- Korea Herald
Hyundai Motor tapped as mobility partner for 2025 APEC energy summit
Korean automaker's newest hydrogen SUV Nexo to lead fleet of 63 cars for ministerial meetings in Busan Hyundai Motor will present a fleet of 63 emission-free vehicles at next month's Asia-Pacific Economic Cooperation ministerial meetings in Busan as the official transportation provider, the Korean automaker said Tuesday. According to Hyundai Motor, the fleet will be led by 34 all-new Hyundai Nexo hydrogen fuel cell sport utility vehicles, accompanied by 12 Genesis Electrified G80 premium sedans, 14 all-electric Kia EV9 SUVs and three Hyundai Universe hydrogen buses. The eco-friendly vehicles will be used to transport key figures and support various activities during the APEC's 15th Energy Ministerial Meeting, the 16th Clean Energy Ministerial Meeting and the 10th Mission Innovation Ministerial Meeting. The 15th APEC Energy Ministerial Meeting is scheduled to take place from August 27 to 28, gathering top energy officials from 21 economies to discuss pending issues such as power grid infrastructure, energy security and stability, electricity supply and energy innovation through artificial intelligence. The 16th APEC Clean Energy Ministerial Meeting and the 10th APEC Mission Innovation Ministerial Meeting, which will take place as co-events from August 25 to 27 at Bexco convention center, will bring in representatives from about 30 APEC member economies to discuss transition towards clean power, hydrogen and future fuels, AI-driven energy solutions and carbon reduction technologies. The three APEC events are expected to be joined by energy ministers and government delegations from more than 40 countries. The Korean automaker said it aims to showcase the capability of its electrified models and reinforce its commitment to a sustainable future by offering a fleet of hydrogen fuel cell electric vehicles and EVs. According to Hyundai Motor, the all-new Nexo, which will serve as the main official vehicle, exemplifies the automaker's hydrogen leadership and vision for green mobility as the hydrogen-powered car features a whopping 720 kilometers of driving range per charge. The automaker added that it will continue to raise awareness of hydrogen-powered vehicles throughout the APEC meetings. "Hyundai Motor Group is honored to support these major international energy forums with our hydrogen and electric vehicles," said Kim Dong-wook, executive vice president and head of strategy planning division at Hyundai Motor Group. "By showcasing our eco-friendly vehicles at a venue that discusses the future of global energy, we hope to share our vision for sustainability and innovation with the world." Hyundai Motor has provided eco-friendly vehicles at key international events in the past, including the 43rd ASEAN Summit and the G20 Bali Summit, as it continues to underline its pledge to promote sustainable mobility.
Korea Herald
30-06-2025
- Business
- Korea Herald
Hanwha Life completes investment in Indonesia's Nobu Bank
Company pioneers Korean insurers' entry into overseas banking South Korean insurer Hanwha Life said Monday it has completed its strategic investment in Indonesia's Nobu Bank, acquiring a 40 percent equity stake and marking its first foray into the overseas banking sector. The deal closed earlier in the day, more than a year after Hanwha signed a stock purchase agreement with Nobu Bank's parent, Lippo Group — Indonesia's sixth-largest conglomerate — in May 2024. The investment deepens Hanwha Life's presence in Indonesia's financial sector. The Korean insurer, along with its Hanwha Group affiliates, already operates across life and general insurance, securities and asset management. With Nobu Bank, it becomes the first Korean insurance firm to enter the country's commercial banking market. Nobu Bank, ranked among Indonesia's top 30 commercial banks, has shown strong and stable growth in recent years. Net income more than doubled from 12 billion won ($8.9 million) in 2023 to 27.9 billion won in 2024, with total assets reaching 3 trillion won as of the end of 2024. Hanwha Life is Korea's second-largest life insurer by premium income and reported a consolidated net profit of 866 billion won last year. Hanwha Life said it aims to combine its financial expertise with Nobu Bank's local branch network to drive retail financial innovation, targeting Indonesia's youthful population —over half of whom are under 30. 'We are proud to set a new milestone by becoming the first Korean insurer to successfully enter the banking sector,' said Kim Dong-wook, chief global business officer at Hanwha Life. 'Leveraging our digital financial expertise and global network, we will continue to shape the future of finance and build a trusted global financial brand.'
![[Photo News] Korea gears up to celebrate Buddha's birthday](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F05%2F04%2Fnews-a.v1.20250504.03c783301ff34caba2f38e1354e79294_T1.jpg&w=3840&q=100)
Korea Herald
04-05-2025
- General
- Korea Herald
[Photo News] Korea gears up to celebrate Buddha's birthday
With Buddha's birthday falling on Monday this year, South Korea geared up for the celebrations on Sunday. Lotus lanterns are hung around Jogyesa, the main temple of the Jogye Order of Korean Buddhism, which is situated in central Seoul. On Sunday, children participated in a "Buddha bathing" ritual, traditionally held on the eve of Buddha's birthday. One can pay his or her respect to Buddha and celebrate his birth by bathing a statue of baby Buddha. Calligraphy artist Kim Dong-wook performed a ceremony to celebrate Buddha's birthday at a beach in Pohang, North Gyeongsang Province. Kim drew a swastika, a Buddhist symbol of good fortune, along with the message "by the power of Buddha."
