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Inter-Korean railway will turn S. Korea global logistics hub: experts

South Korea will become a global logistics hub benefitting giants in the industry here if a railway project aimed at reconnecting the South and the North is realized, experts at a forum in Seoul on Tuesday.“Strained ties between the South and the North have blocked the (international) logistics flow. But if the inter-Korean railway is reconnected all the way to Busan, neighboring countries will enjoy a large convenience in terms of time and costs,” said Na Hee-seung, head of the Korea Railroad R

Audi Korea fulfills environment responsibilities through A3

Audi Korea delivered 700 units of the 2018 A3 40 TFSI compact sedan last month through its eight official used car dealerships nationwide, the company said Tuesday.Under a law enacted to improve air quality in capital regions, which was revised in 2013, carmakers that sell over 4,500 units annually are required to make up 9.5 percent of their sales with low-emissions cars such as pure electric vehicles and hybrid vehicles.Audi Korea’s quota for this year is 3,000 units, which it has fulfilled th

Today
Automode
Dispute-free SsangYong Motor to aim overseas with new SUVs

Carmaker and unions agree to reinstatement of 119 former workers, ending longstanding conflict

Sept 17, 2018
Automode
Hyundai heir promoted to oversee group

Hyundai Motor Group Chairman Chung Mong-koo promoted his son Chung Eui-sun to executive vice chairman, a new position created to assist his father, the company said Friday.The heir to the world’s fifth-largest carmaker has worked as the vice chairman of Hyundai Motor Corp. so far. The promotion will give him authority to oversee the entire operation of the Hyundai Motor Group, of which Hyundai Motor Corp., is a part. Hyundai Motor Group Executive Vice Chairman Chung Eui-sun (Yonhap)According to

Sept 15, 2018
Automode
Labor questions GM’s HR decision

After a brief compromise, unionized laborers of GM Korea said they oppose the company’s decision to relocate an executive previously in charge of laying off workers at its Gunsan factory that shut down in May to its headquarters.GM Korea has named Lee Dong-woo, senior vice president who headed overall operations of the Gunsan factory, as the head of the Bupyeong manufacturing site. The unionized workers claimed that Lee had pressured workers to retire voluntarily by telling them that they would

Sept 14, 2018
Automode
Business chiefs: Hydrogen can power digital innovation

Hyundai Motor vice chairman calls for large-scale commercialization of hydrogen

Sept 14, 2018
Automode
GM Korea reaffirms need to set up R&D entity

Preliminary injunction filed by KDB barring GM Korea from holding general shareholders meeting

Sept 13, 2018
Automode
[Hydrogen Korea] ‘Hydrogen technology could save ailing shipbuilders’

The Korea Herald is publishing a series of articles on South Korea’s latest measures, hurdles and the market drive for hydrogen economy. This is the fourth installment. -- Ed.Hydrogen technology, which aims to replace the use of fossil fuels, would not only benefits carmakers, but also other traditional industrial players such as shipbuilders, the head of H2Korea said in a recent interview with The Korea Herald.“The market perception that the government’s push for hydrogen technology is only for

Sept 13, 2018
Automode
Hyundai, Kia become third-largest SUV makers in H1

Hyundai Motor and its sister company Kia Motors were the third-largest sport utility vehicle makers in the first half of the year, a survey showed Wednesday.According to the UK market research firm Jato Dynamics, combined SUV sales by the two companies accounted for 8.2 percent of total global sales of SUVs, a 1.2 percentage point increase from 7 percent in the same period last year. Facelifted Tucson unveiled in Aug seen during a test drive. (Hyundai Motor)About 15 million SUV units were sold i

Sept 13, 2018
Automode
Hyundai expands investment in new batteries, mobility services

Hyundai Motor is investing in foreign startups in the US that develop solid-state batteries and mobility services, as part of its investment in future technologies, according to news reports.The South Korean carmaker was among a list of investors in the Series A funding round arranged by Solid Power, a Colorado-based solid-state battery cells maker, according to Bloomberg on Tuesday. The list of investors for the $20 million financing round also included the venture capital unit of Samsung Elect

Sept 12, 2018
Automode
[Newsmaker] The war is on: Elliott reveals letters to Hyundai in apparent resumption of push for change

Elliott Advisors, the Hong Kong arm of Elliott Management, on Friday afternoon released letters it had sent a month earlier to directors of Hyundai Mobis, Hyundai Motor Company and Kia Motors. The recent move is a response to news reports full of speculation that the US hedge fund leaked excerpts of its letters to the media.“Because portions of these letters were selectively provided to the press and others, Elliott has decided to make the full contents of the letters publicly available in the i

Sept 8, 2018
Automode
Hyundai Motor Vice Chairman vows to lead India’s smart mobility revolution

Hyundai Motor Vice Chairman Chung Eui-sun vowed on Friday to transform the automotive group in response to changes in the auto industry so that it can take the lead in India’s smart mobility revolution.Speaking in New Delhi at the first Global Mobility Summit, called MOVE and organized by the Indian government, Chung detailed the three-point strategy that Hyundai would pursue in order to reach its goal in the world’s fourth-largest electric vehicle market, where it now ranks No. 2 in sales after

Sept 8, 2018
Automode
Hyundai unveils facelifted Avante, aims to sell 120,000

Hyundai Motor unveiled an upgraded version of the sixth-generation Avante on Thursday, targeting young drivers looking for their first cars. The carmaker has set a sales target of 120,000 units by next year. The new compact car underwent a drastic change in its design with arrow-like triangular elements on the front and wheels.“The car will become a new standard in the global midsized sedan market, with a near-full design change, state-of-the-art safety features, enhanced performance and fuel ef

Sept 7, 2018
Automode
Korea to slap penalties on defect coverups by carmakers

The South Korean government said Thursday it will impose penalties on carmakers that cover up manufacturing defects and fine them for delayed recalls.The move comes in the middle of BMW Korea's recall of 106,317 vehicles in South Korea to fix a faulty part following dozens of engine fires in its cars so far this year. (Yonhap)"A series of fires in BMW vehicles has fueled safety concerns among local consumers. The government has come up with strengthened measures to keep carmakers from delaying r

Sept 6, 2018
Automode
Hyundai, Kia see US sales rise in August

Hyundai Motor and Kia Motors sold a combined 111,406 units in the United States last month, up roughly 3.5 percent on-year on the back of strong sales of sport utility vehicles in the overall US auto market, the company said Wednesday.Of the total, Hyundai’s luxury sedan brand Genesis accounted for 613 units.By carmaker, Hyundai Motor sold 57,542 units last month, up 6 percent, the company said. The Avante compact car was the No. 1 seller with 14,502 units, followed by the midsize SUV Tucson wit

Sept 6, 2018
Automode

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
Tel : 02.727.0114