Korean Air Lines Co., South Korea's biggest carrier, said Thursday it has received a 290 billion won ($260 million) F-16 maintenance order in the United States.  In the 10-year deal signed with the US Department of Defense, Korean Air will be in charge of maintenance, repair and overhaul (MRO) work for the life extension of the F-16 Fighting Falcon aircraft deployed to the US air forces in South Korea and Japan, the company said in a statement. The national flag carrier has been providi

Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are set to export over 100,000 electric vehicles this year on growing demand for environment-friendly cars. Hyundai and Kia shipped a combined 98,505 EVs from January to October, jumping 71 percent from 57,517 units during the same period of last year, according to the companies. "Stricter emission rules in Europe drove up demand for all-electric and less-emitting models," a Hyundai spokesman said. Hyundai's

Hanjin, KCGI continue to butt heads over Asiana deal

General Motors Korea and its labor union reached a tentative agreement on wages Wednesday, four months after their talks began in July. According to GM Korea, the two sides came up with a draft agreement during negotiations that started Tuesday. In the tentative agreement, GM Korea promised to offer an incentive of 4 million won ($3,600) to its workers as a message of encouragement amid the COVID-19 pandemic. As the labor union asked for the management to maintain operations at the two aut

New Rexton adopts bold changes in appearance and driving assistance programs as family SUV

Hyundai Motor Co., Mercedes-Benz Korea and four other companies will voluntarily recall over 160,000 vehicles to fix faulty components, the transport ministry said Wednesday. This is the latest in a series of recalls by carmakers operating in South Korea and vehicle importers due to problems with vehicle components. The four other companies are Kia Motors Corp., Renault Samsung Motors Corp., GM Korea Co. and Daijeon Machinery Co., the Ministry of Land, Infrastructure and Transport said in a st

South Korea said Wednesday it plans to allocate 1.44 billion won ($1.29 million) through 2025 to foster experts of eco-friendly cars in sync with the country's green growth policy, which centers on breaking away from fossil fuels and utilizing more sustainable resources. Under the project, South Korea will spend the budget to educate around 480 experts of eco-friendly cars annually over the next five years, according to the Ministry of Trade, Industry and Energy. "The project is aimed at

Porsche Korea said Tuesday it opened the first Porsche Dream Circle, a student education program promoting the value of sustainability in the environment, at an elementary school in Gyeonggi Province. According to the automaker, the new project is part of its corporate social responsibility campaign, Porsche Do Dream, which marks its fourth year in 2020. Porsche Dream Circle, which has opened at the Pangyo Elementary School in Seongnam, is to provide a learning space for students on the imp

Seoul Metro, the operator of the city's vast subway system, has signed a deal with an Australian engineering firm to provide consulting services to Sydney Metro, the Korean company said Tuesday. Under the deal signed in mid-November, Seoul Metro and Ricardo will jointly assist Sydney Metro in the design, construction, operation and maintenance of two subway line extensions. The West line and the Western Sydney Airport link are scheduled for completion and opening in 2030. The three-year consu

Air Busan Co. said Tuesday it will resume flights to the Chinese city of Ningbo next month to meet travel demand from businessmen. The budget carrier unit of Asiana Airlines Inc. will begin offering one flight per week on Dec. 6 on the Incheon-Ningbo route after suspending the route for 10 months due to the coronavirus impact on the airline industry, the company said in a statement. Instead, the carrier plans to suspend the Incheon-Shenzhen route beginning Nov. 27, it said,  In July, t

$2.5 billion order likely related to Russia’s Arctic LNG 2 project, industry watchers say

Mercedes-Benz Korea said it is strengthening its digital-based customer experience for preemptive and professional services. The automaker said it is steadily investing in expanding digital-based services that customers can use without having to visit showrooms and service centers in person. One of the digital services is “Sales Touch,” an integrated digital sales platform that carries out all the necessary procedures for vehicle contracts through mobile or tablet devices without

Hyundai Motor and Kia Motors overtook German brand BMW to rank fourth in the global electric vehicle market this year, data showed Monday. Local research company SNE Research said Hyundai and Kia sold a combined 130,000 EVs in the global market between January and September this year. The figure is up 40.7 percent from the same period last year. The strong performance was driven by a surge in sales of the Kia Niro, Hyundai Kona, Kia XCeed Plug-in Hybrid and Hyundai Porter 2 Electric. The co

South Korea’s leading tire manufacturer Hankook Tire & Technology Co. will supply tires for General Motors‘ new pickup trucks, the company said on Monday. The Dynapro MT2, Hankook Tire’s most extreme off-road all-season brand, will be supplied for the 2021 Chevrolet Silverado Heavy Duty and GMC Sierra HD, two models that share a platform. Having won the Red Dot Design Award, the tire boasts additional off-road grip due to angled V-shape shoulder scallops, according to the

Hyundai’s fuel cell system to be applied for Ineos’ new SUV ‘Grenadier’