Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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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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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Hyundai ordered to recall 68,000 Equus, Genesis sedans
Hyundai Motor, South Korea’s No. 1 auto company, has been ordered to recall 68,000 of its luxury Equus and Genesis sedans that were made in 2011, due to defective engine parts, the Ministry of Land, Infrastructure and Transport said Tuesday.“Hyundai Motor was notified on March 28 to recall four cases of affected automobiles, including the Equus and Genesis, within 30 days. A forced recall will take place if the company does not carry out a voluntary recall within the given time period,” the mini
April 11, 2017
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Toyota Prius Prime enters domestic green car market
The new Toyota Prius Prime plug-in hybrid is looking to be the next contender in South Korea’s rapidly growing green car industry, following the introduction of Hyundai’s Ioniq plug-in hybrid here earlier this year and the recent domestic unveiling of the Chevrolet Bolt EV at the Seoul Motor Show. The Japanese automaker unveiled its Prius Prime plug-in for the first time in Korea on March 31, prior to the opening of this year’s Seoul Motor Show, highlighting the vehicle’s fuel efficiency and sle
April 11, 2017
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Korean carmakers making extra effort for Shanghai motor show
South Korean automakers are taking extra steps for Auto Shanghai opening later this month, choosing to debut their China-exclusive models to woo back consumers in the giant market affected by an ongoing diplomatic row, industry officials said Tuesday.The motor show, held every other year, begins with a press day on April 19 and runs till April 28. Three South Korean car manufacturers -- Hyundai Motor, its sister firm Kia Motors and Ssangyong Motor -- are participating.This file photo shows a con
April 11, 2017
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Korea returning additional 2,500 VW, Audi vehicles to Germany
South Korea is returning 2,500 vehicles manufactured by Volkswagen and Audi in the aftermath of Volkswagen’s emissions scandal, according to news reports Monday.It has been reported that the 2,500 automobiles, which include VW’s Tiguan, Golf and Jetta models, have been held at a port in Pyeongtaek, Gyeonggi Province, since last year following the government’s sales ban slapped on Audi Volkswagen Korea, the domestic distributor of the two German brands. The company is said to be sending the fleet
April 10, 2017
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[Photo News] Kia releases its high performance sedan K5 GT
Kia Motors, South Korea’s second-largest automaker, released a high performance version of its flagship sedan, dubbed the K5 GT on Monday. The new model is equipped with electronically controlled suspension and comes with an enhanced interior and exterior. (Hyundai Motor Group)
April 10, 2017
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Hyundai Motor tops auto sales in Peru in Feb.
Hyundai Motor Co., South Korea's top automaker, topped the list of auto sales in Peru, in February, aided by a sharp rise in demand for small passenger vehicles, industry data showed on Monday.According to the data compiled by the the Korea Trade-Investment Promotion Agency, Hyundai Motor sold a total of 2,348 units in the Latin American nation in February, followed by Japanese rival Toyota Corp.'s 2,253 units. (Yonhap)In October last year, Hyundai Motor also clinched the top slot in the Peruvia
April 10, 2017
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Hyundai's Sonata sales surpass 10,000 units in March
Hyundai Motor Co., South Korea's top automaker, said Monday the sales of its midsize Sonata sedan exceeded the 10,000 unit mark in March, helped by the face-lifted version hitting local dealerships and an improved powertrain that expands the car's customer base. The March tally marked the first time in 15 months that the sedan's monthly sales surpassed 10,000 units, the automaker said. The Sonata New Rise Turbo (Hyundai Motor)In March, Hyundai Motor unveiled the updated version of the sedan, the
April 10, 2017
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[Behind the Wheel] Grandeur Hybrid highlights eco-friendly luxury, but not so speedy
Amid the growing rivalry among mid-sized hybrid vehicles, Hyundai Motor is hoping to create a premier image with a hybrid version of its luxury Grandeur brand. The 2017 Grandeur Hybrid retains the basic design of its gasoline model, but falls behind the original version in terms of performance. Of course, the hybrid version is meant to be more energy efficient than the conventional model. But its acceleration felt less responsive during a 40-kilometer test drive Wednesday. The 2017 Grandeur Hybr
April 9, 2017
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[Behind the Wheel] New Bolt EV pleasantly fast, redefines eco-driving
General Motor’s latest Bolt EV compact electric car has finally made its way to the domestic market, looking to push the envelope in the country’s already vastly growing green car market. Last week, members of the media were given the opportunity to take the new Bolt EV for a spin on the roads of Goyang, Gyeonggi Province.One of the vehicle’s biggest highlights other than its emissions-free features is its driving range of 383 kilometers on a single charge, the first of its kind to be introduced
April 9, 2017
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Hyundai, Kia expanding share in US hybrid car market
Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in world's largest economy last month, up 87.8 percent from a year earlier, according to US online market tracker HybridCars.com (Yonhap)Their share in the US hybrid vehicles market rose to 13.7 percent
April 9, 2017
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Hyundai to launch new EV buses early next year
Hyundai Motor Company is said to be planning to roll out new electric buses early next year, according to news reports Friday. A representative of Hyundai Motor was quoted by reports saying the company’s electric bus development was underway and the company was looking to commercialize its new line in early 2018, adding that it was also scheduled to start trial operations in the second half of this year.The country’s largest automaker had introduced the country’s first electric bus, the “Elec-Ci
April 7, 2017
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Hyundai and Kia to recall 171,348 cars in South Korea
Hyundai Motor and Kia Motors are set to recall 171,348 units across five models due to possible defects in the Theta 2 engines made before August 2013, the Ministry of Land, Infrastructure and Transport announced Friday. Models subject to the recall are Grandeur HG, Sonata YF, K7 VG, K5 TF, Sportage SL with a Theta 2-liter turbo and 2.4-liter gasoline direct injection made between July 2009 and August 2013. A total of 112,670 units of the Grandeur along with 6,092 Sonatas, 34,153 K7s, 13,032 K5s
April 7, 2017
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Renault Samsung, BMW, Nissan order recalls over faulty parts
BMW, Renault Samsung Motors Co. and six other carmakers have ordered a recall of certain cars with faulty parts, the government said Friday. The Ministry of Land, Infrastructure and Transport said BMW, Renault Samsung, Volkswagen AG, Audi AG, Volvo, Nissan Motor Co., Porsche and Honda Motor Co. plan to recall a combined 18,181 units starting this month, the ministry said in a statement. The recall involves 37 different models made by the companies. Renault Samsung Motors' SM6 sedan (Yonhap file
April 7, 2017
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Moody's maintains Hyundai's, Kia's ratings despite poor China sales
Moody's Investors Service said Thursday it will maintain the current ratings for Hyundai Motor Co. and Kia Motors Corp. despite sharp declines in auto sales in China. "Although Hyundai's and Kia's weak auto unit shipments from China will likely have a short-term negative impact on their profitability and cash flow, we do not expect this development which mainly stems from political tensions between Korea and China to last over the longer term," Yoo Wan-hee, a Moody's vice president and senior cr
April 6, 2017
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[Monitor] M&As in global auto industry reach record high
The size of merger and acquisitions taken by companies in the auto industry globally reached a record high last year, according to a report by an accounting firm Samjong KPMG. The report, citing Bloomberg figures, showed that a total of 598 cases amounting to $87.5 billion took place in the year.
April 6, 2017
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Hyundai, Kia Motors‘ eco-friendly car sales rise
Hyundai and Kia sold an accumulated 509,645 eco-friendly vehicles worldwide between 2009 and last March, the companies said Thursday.A total of 201,785 units were sold in the domestic market and 307,860 units overseas in the cited period, the automaker said. Hyundai's Ioniq hybrid car (Yonhap file photo)By car type, hybrid models were the most popular, with sales of 470,903 units, followed by 33,443 electric vehicles and 4,549 plug-in-hybrids, the company said. The two automakers currently offer
April 6, 2017
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Kumho Tire wins Red Dot Design Award for 6th year
Kumho Tire, South Korea’s No. 2 tire maker, was crowned at Germany’s Red Dot Design Award 2017 for the sixth consecutive year, the company said Thursday. This year’s citation was for its latest high performance premium SUV tire Crugen HP71.Kumho Tire’s six-year straight recognition at the awards is a record among local tire makers, the company highlighted. The Crugen HP71 was crowned in the product category of the Red Dot Design Award 2017. (Kumho Tire)The Crugen HP71 was nominated in the produ
April 6, 2017
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Seoul to reward motorists for reducing mileage
Seoul's government said Thursday it will financially reward motorists for reducing their driving mileage, staring this month, as part of efforts to fight fine dust pollution and greenhouse gas emissions.According to the Seoul Metropolitan Government, the city's motorists will be paid a maximum of 70,000 won ($62) if they reduce their driving mileage by more than 3,000 km on an annual basis.(Yonhap)The reward will be given in the form of points, which can be used to pay local taxes or buy mobile
April 6, 2017
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Imported car sales plunge in March on halted VW car sales
Sales of imported vehicles in South Korea fell 8.4 percent in March from a year earlier as the government's sales ban on Audi and Volkswagen cars continues following the German carmaker's emissions scandal, industry data showed Thursday. The number of newly registered foreign cars fell to 22,080 in March from 24,094 a year earlier, the Korea Automobile Importers and Distributors Association (KAIDA) said in a statement. In July, Seoul announced it will ban the sale of almost all Audi and Volkswag
April 6, 2017
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Genesis eyeing luxury car market in Middle East
Hyundai Motor Co. is eyeing opportunities to expand into the Middle Eastern luxury car market by showcasing its luxury Genesis sedans at a local conference, the company said Wednesday.Hyundai will provide four G90 top-of-the-line full-size sedans and another four G80 executive cars as official vehicles for the Conde Nast International Luxury Conference 2017 to be held in Muscat, Oman from this week, a company spokesman said. Conde Nast International, a London-based fashion magazine, is holding t
April 5, 2017