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Senior N. Korean diplomat arrives in Beijing
Head of animal shelter apologizes for euthanizing stray pets
S. Korea welcomes planned second Trump-Kim summit
Seoul shares to move within limited range next week
Trump, Kim to hold 2nd summit near end of Feb.: White House
Report: Secret talks between US, NK in Sweden
Injured midfielder returns to full practice for S. Korea
S. Korea’s nuclear envoy may visit Sweden for talks with N. Korea: source
Cause of KT building fire remains a mystery despite two months of probe
Credit card firms bet on digital switchover, big data for survival

Jan 18, 2019 Automode

Korea's auto exports up 22.6% in December

South Korea's automobile exports shot up 22.6 percent on-year in December on the back of the release of new models from local carmakers, government data showed Friday.According to the Ministry of Trade, Industry and Energy, automakers here shipped 219,313 cars overseas last month, rising sharply from a year earlier, with the value estimated at $3.78 billion. (Yonhap)For the whole of 2018, the number of cars shipped abroad edged down 3.2 percent to 2.44 million units, or $40.9 billion due to the

Korea lagging behind Japan, China in EV battery competitiveness

South Korean battery makers are lagging behind their rivals in China and Japan in electric vehicle battery competitiveness, a local think tank said Thursday. Korean car battery companies, such as LG Chem Ltd. and Samsung SDI Co., have witnessed their combined share in the global battery market plunge to 11 percent in 2018 from 30 percent in 2014, due mainly to a lack of captive buyers, the Korea Economic Research Institute said in a statement. (Yonhap)"Unlike their Korean rivals, Chinese power

Jan 17, 2019
Automode
Mercedes-Benz vows push for future mobility with EQ brands

Mercedes-Benz Korea, the Korean unit of the German carmaker, said Thursday that it would push future mobility this year and roll out the new EQC crossover, its first fully electric sport utility vehicle.Declaring 2019 as the “year of EQ,” the company said it would launch four new plug-in hybrid electric vehicles in addition to the new fully electric SUV, as well as nine new models and six facelifted ones to strengthen its product lineup.The exact local launch date remains undecided, the company

Jan 18, 2019
Automode
Korea to produce 6.2 million hydrogen cars by 2040

President Moon stresses government’s determination to make transition to a hydrogen economy

Jan 18, 2019
Automode
Hyundai Mobis, KT team up for 5G-based connected car technology

Hyundai Mobis, the car parts making arm of Hyundai Motor Group, said Thursday that it has partnered with telecommunication company KT to jointly develop connected car technologies. The companies have launched fifth-generation network service at Hyundai Mobis’ test ground in Seosan, South Chungcheong Province, in an effort to ramp up the drive for connected car research and development.A connected car refers to a car equipped with internet access, usually a wireless local area network. This allow

Jan 18, 2019
Automode
Hyundai, Kia to recall 168,000 vehicles in US for faulty fuel pipes

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. said Thursday they will recall approximately 168,000 vehicles in the United States over defective fuel pipes.The recall involves fixing improper repairs during the previous two recalls over engine failures and offering software upgrades for the affected vehicles, the companies said. (Yonhap)The software update is designed to protect the vehicles from engine damage, and new extended warranties will be offered for engine problems, they s

Jan 17, 2019
Automode
Korea sets FCEV target at 80,000 units by 2022

Government seeks to grow data industry to W30tr by 2023

Jan 17, 2019
Automode
[Herald Interview] Audi Volkswagen steps up to support Korea’s Industry 4.0 drive

Hoping to nurture young professionals, company plans to open cultural space for future mobility in Seoul this year

Jan 16, 2019
Automode
Kona, Genesis G70 win top auto awards in US

At star-studded Detroit auto show, carmaker unveils Veloster N TCR, Kia Telluride

Jan 16, 2019
Automode
Toyota Motor Korea fined 817 m won for deceptive advertising

South Korea's antitrust watchdog said Tuesday that it has fined Toyota Motor Korea Co. 817 million won ($729,000) for deceptive advertising of its RAV4 sport utility vehicle.Toyota Motor Korea advertised that its RAV4 obtained a top safety pick in five test categories, including the driver's side small overlap front and roof strength, from the U.S. Insurance Institute for Highway Safety in 2015. (Yonhap)In 2016, the RAV4 earned the Top Safety Pick Plus rating from the independent nonprofit organ

Jan 15, 2019
Automode
Hyundai, Kia's US sales almost flat in 2018

Hyundai Motor Co. and its affiliate Kia Motors Corp. posted 0.6 percent on-year sales growth in the United States last year due to a slowing economy and a lack of competitive models, the companies said Monday.In 2018, Hyundai and Kia sold a combined 1.27 million vehicles in the US market. Hyundai's sales fell 1.1 percent on-year to 677,946 units and Kia's were little changed compared to a year earlier at 589,763 units, Hyundai Motor Group said in a statement, citing figures from Autodata Ltd., a

Jan 14, 2019
Automode
S. Korea calls for auto tariff relief from US

South Korea's finance minister called Friday for an exemption from US tariffs on South Korean automobiles as he expressed deep concerns about an ongoing US probe.Hong Nam-ki, the minister of economy and finance, made the appeal in a meeting with US Ambassador to South Korea Harry Harris at the government complex building across from the US Embassy in central Seoul, according to the finance ministry. Hong Nam-ki (L), the minister of economy and finance, shakes hands with US Ambassador to South Ko

Jan 11, 2019
Automode
Posco chief says no plans for overseas investment in steel sector

The head of the nation’s largest steelmaker Posco said he has no plans to make additional investment overseas in the steel sector this year but will focus on securing natural resources needed for its lithium-ion battery business touted as the company’s new growth engine.“With regard to steel, (I) don’t have any plans for making additional investment or (pursuing) mergers and acquisitions overseas,” said Posco Chairman Choi Jeong-woo in a brief meeting with reporters Thursday. “As for the new bus

Jan 12, 2019
Automode
[Herald Interview] Rolls-Royce Motor CEO attributes record sales to Asia, Korea

Strong business growth in Asia was behind the record-breaking sales of British luxury carmaker Rolls-Royce last year, particularly in China and South Korea, its head said in an interview with The Korea Herald. “Our growth was fueled by a strong Asian business and a Korean business. We have seen an uptake in your market by around 40 percent compared to the year 2017 and for that reason I am very satisfied with the results,” said Torsten Muller-Otvos, chief executive officer of Rolls-Royce Motor C

Jan 11, 2019
Automode
Apple thanks Korean police for seizing fake accessories

US tech giant Apple is planning to present a plaque to officers at a local police unit to express its gratitude for their efforts to prevent the sale of fake accessories worth 1 billion won ($892,000), sources told The Korea Herald on Wednesday.As a token of thanks, Donald Shruhan, senior regional director for Apple’s Asia-Pacific operations, will visit the Bucheon Sosa Police Station in Bucheon, Gyeonggi Province, on Friday to deliver a plaque of appreciation to investigators who arrested local

Jan 10, 2019
Automode

The Korea Herald by Herald Corporation

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Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
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