Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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Contentious grain bill put directly to plenary meeting for vote
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Why is Apple Pay struggling to get purchase in Korea?
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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[Today’s K-pop] BTS pop-up event to come to Seoul
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Why Hyundai Motor has no plan to adopt Apple’s upcoming CarPlay
Hyundai Motor Group could compete head-to-head with Apple in software, a domain where Apple, as the world's most valuable company, is known to excel, as the South Korean automaker is progressing toward its own software-defined vehicle vision that aims to incorporate its proprietary connected car operating system into all new models by 2025. This bold move could be part of its strategy to dominate in-car screens with its own software, potentially opening new revenue streams through content a
Dec. 18, 2023
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[Photo News] Team building
Kia held the championship round of its in-house League of Legends tournament on Friday at the automaker's training institute, the Kia Vision Square, in Yongin, Gyeonggi Province, the South Korean automaker said Monday. The company began its first in-house LoL tournament with 23 teams of 115 employees from Kia offices nationwide in November. On the sidelines of the championship round, professional esports players from the automaker-sponsored Dplus Kia team held an event match and competed ag
Dec. 18, 2023
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Korea’s car exports surge over 80% after COVID-19: report
South Korea’s car exports climbed 84.2 percent from January to September this year compared to 2019, while imports of electric vehicles and EV batteries from China gradually increased, a report showed Monday. The export volume surged to $50.5 billion in the cited period after the prolonged COVID-19 pandemic and global supply glitches, according to the Korea Automotive Technology Institute, or Katech. Compared to last year, exports of battery-powered cars and hydrogen fuel cell vehicles sky
Dec. 18, 2023
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KG Mobility to produce Torres EV in Saudi Arabia
KG Mobility, formerly SsangYong Motor, and Saudi National Automobiles Manufacturing Company, a licensed producer of international and domestic automobiles, signed a partnership agreement on Friday to assemble the carmaker's Torres EVX electric vehicle in Saudi Arabia. The agreement expands an existing deal between the companies for SNAM to manufacture KGM's internal combustion engine vehicles. Under the new pact, SNAM will augment production capabilities to assemble the all-electric To
Dec. 17, 2023
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Why Renault bets big on Polestar’s Busan production
Swedish electric-vehicle maker Polestar recently announced its plan to produce the new all-electric Polestar 4 at Renault Korea Motors’ Busan plant in 2025. The new partnership comes as Polestar, a spinoff from Volvo in 2017, is seeking to secure a bigger footing in the burgeoning EV market with a more diversified product lineup from the Polestar 2 sedan and the Polestar 3 sport utility vehicles to the latest Polestar 4 coupe-styled SUV. At a time when it is crucial to beef up its produc
Dec. 17, 2023
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[Herald Interview] Group14, SK Materials to operate Asia’s largest silicon plant for EVs
The joint venture between Washington-based Group14 Technologies and SK Materials, a chemical materials unit under Korea’s SK Group, will start the commercial operation of Asia’s first large-scale manufacturing plant for silicon battery materials in Sangju, North Gyeongsang Province, early next year. “(SK Materials Group14), the joint venture in Sangju, is the Asia’s first electric vehicle-scale silicon anode manufacturing facility that will go online very soon in the next
Dec. 17, 2023
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Sales of Hyundai, Kia in US exceed 1.5m this year
The combined vehicle sales of Hyundai Motor Co., South Korea's top carmaker, and its affiliate Kia Corp. in the United States surpassed 1.5 million units this year, according to industry data on Sunday. Hyundai and Kia sold 788,403 and 722,176 units, respectively, over the January-November period, the data showed. Hyundai's figures include sales of its independent Genesis brand, which also hit an annual record of 62,372 units. The combined figure marks the highest yearly sales since Hy
Dec. 17, 2023
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Hyundai Kona EV remains eligible for French EV incentives
Hyundai Motor's all-electric compact sports utility vehicle, the Kona Electric, will continue to be eligible for cash incentives offered by the French government to buyers of electric vehicles. Paris on Thursday released a list of 78 EVs from 22 brands eligible for the government incentives. According to the announcement, Kona was the only Korean vehicle that remained eligible, whereas Kia’s two hybrid vehicles -- the Niro and Soul -- were excluded from the list. The new eligibility l
Dec. 15, 2023
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Kia to unveil 5 new concept cars at CES 2024
Kia will present its future sustainable mobility strategies and unveil five new concept vehicles for the first time at the CES tech show in Las Vegas early next month, the Korean automaker said Thursday. Returning to CES for the first time since 2019, Kia said it will redefine the “Purpose-Built vehicle,” or PBV, the brand’s total mobility solution, to “Platform Beyond Vehicle” to offer experience-based values that suggest new business and lifestyles. The automaker
Dec. 14, 2023
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[Herald Interview] SES AI bolsters battery partnership with Hyundai Motor on EV, UAM
SES AI Corp., a Boston-based company pioneering in lithium-metal batteries, is strengthening business ties with Hyundai Motor Group in developing the next-generation power source for electric vehicles and Urban Air Mobility. “Of the three production lines in Korea, we are preparing one for developing B-Sample lithium-metal batteries for EVs in Uiwang, near Seoul, with Hyundai Motor Group,” said SES AI Corp. CEO Qichao Hu during an interview with The Korea Herald in Seoul on Wednesday
Dec. 14, 2023
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[Photo News] New Toyota Prius
Toyota Korea on Wednesday launched the fifth-generation Prius in South Korea. The Japanese carmaker's signature hybrid model comes in two different powertrains: a 2.0-liter hybrid electric vehicle boasting fuel efficiency of 20.9 kilometers per liter and a 2.0-liter plug-in HEV capable of driving up to 64 km on battery only. The starting prices of the HEV and PHEV models are set at 39.9 million won ($30,350) and 46.3 million won, respectively. (Toyota Korea)
Dec. 13, 2023
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Germany’s lukewarm EV sales alarm Korean battery makers
A recent report showed that Germany, the largest European automotive market, is expected to see a drop in electric vehicle sales this year for the first time in seven years, piling pressure on Korean battery makers who have operated core businesses in the all-important region. From January to November, the number of EVs sold in Germany decreased 5 percent on-year to 627,000 units, according to a report from Eugene Investment & Securities. In November alone, the country witnessed a 39 percent
Dec. 12, 2023
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Hyundai, Kia file patent for 'automatic' snow chains
Hyundai Motor and its sister company Kia on Monday unveiled a new tire technology that promises to improve winter driving safety and convenience by offering an automatic, hassle-free alternative to traditional snow chains. The patented technology integrates snow chains into the tire using a shape memory alloy. Traditional snow chains, known for their cumbersome installation and removal process, often deter drivers from using them. This new technology enables automatic deployment and retraction o
Dec. 11, 2023
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Porsche Korea CEO named honorary Seoul citizen
Porsche Korea CEO Holger Gerrmann has been appointed as an honorary foreign citizen of Seoul, the German automaker's Korean office said Monday. "Blending historical landmarks and modern cityscapes and combining vibrant cultural diversity, Seoul is a city that inspires dreamers and is full of positive energy for the future," Gerrmann said in a statement. "As a representative of the corporate citizens and a citizen of Seoul, I will continue to fulfill my social responsibilities
Dec. 11, 2023
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LG Uplus, Toyota team up to extend EV charginbg network
Toyota Motor Korea and LG Uplus, the nation’s main telecommunications carrier, have joined hands to build an electric vehicle charging network in line with the electrification megatrend, the companies said Monday. Under the memorandum of understanding, the mobile carrier agreed to supply its EV charging platform named Voltup to the automaker. Launched last year, Voltup is an independent EV charger business led by LG Uplus. The mobile carrier takes care of the launch, management and custome
Dec. 11, 2023
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[Herald Interview] Renault Korea prepares for major changes from 2024
Renault Korea Motors is pinning high hopes for next year to be the beginning of a complete turnaround after years of struggle, as the French automaker has big plans for 2024 and beyond, its CEO says. “Next year, we will have two big events. One related to the brand uplift and one related to the launch of the Aurora 1,” said Renault Korea Motors CEO Stephane Deblaise in an interview with The Korea Herald at the automaker’s office in Seoul on Dec. 5. The Aurora 1, codenamed AR1,
Dec. 10, 2023
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LG's new research promises potential for 900km-range EVs
LG Energy Solutions and the nation's top-ranked Korea Advanced Institute of Science and Technology have made a significant discovery in lithium metal battery technology, as revealed in a research paper in the prestigious journal Nature Energy, potentially increasing electric vehicle range by 50 percent and drastically enhancing battery efficiency and lifespan. The discovery stems from a collaboration that began over two years ago at the Frontier Research Laboratory, a joint venture between
Dec. 7, 2023
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Samsung SDI renews push for all-solid-state batteries
Samsung SDI said Thursday it has set up a team dedicated to pushing forward the development of the next generation all-solid-state batteries. All-solid-state batteries are called “game changer batteries,” in which all the components are solid. Theoretically, they have higher levels of energy density and are more stable than lithium-ion batteries using liquid or polymer gel electrolytes. The new “ASB business team,” headed by Go Joo-young, executive vice president and he
Dec. 7, 2023
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BMW, Mercedes-Benz duel to be No. 1 importer in Korea
The race to be South Korea’s top auto importer is coming down to the wire as BMW tries to reclaim the No. 1 position from Mercedes-Benz for the first time since 2015. According to the Korea Automobile Importers and Distributors Association’s report released Tuesday, BMW sold 69,546 vehicles in the Korean market from January to November. Mercedes-Benz sold 68,156 units in the same period, 1,390 cars less than BMW. The bestselling models of the two German automakers are the BMW 5 Serie
Dec. 6, 2023
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Posco Future M to supply battery materials for LG-GM’s JV in US
Posco Future M said Wednesday its Pohang plant in North Gyeongsang Province had started the supply of high-nickel cathode materials to the US-based Ultium Cells, the joint venture of LG Energy Solution and General Motors. Following its manufacturing plant in Gwangyang, South Jeolla Province, the Pohang site is the company’s second production base for high-nickel cathode materials. With the fast-growing demand for the materials from battery makers, it has moved up the schedule for commercia
Dec. 6, 2023