Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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LG Hausys acquires stake in Slovakian auto parts firm
LG Hausys has acquired a 50.1 percent share of c2i (Composite Innovation International), an automobile parts company based in Slovakia, the company said Sunday.It held a meeting of its board of directors Friday and approved the acquisition of the shares in c2i, which specializes in carbon-fiber components for automobiles. The two companies will seal the contract within this month and complete the transaction by March, LG added.The move follows LG Hausys’ push to further expand its lightweighting
Feb. 19, 2017
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[Behind the Wheel] All New Morning safer, more spacious
GAPYEONG, Gyeonggi Province -- Defying the common perception of compact cars, Kia Motors’ third-generation smart compact car All New Morning features enhanced safety along with a bigger interior.The company hosted a media test drive encompassing 109 kilometers to and from the Grande Walkerhill Hotel in Gwangjin-gu, eastern Seoul to a cafe in Gapyeong of Gyeonggi Province. Kia Motors’ third-generation smart compact car All New Morning. (Kia Motors) The All New Morning’s interior provided enough s
Feb. 19, 2017
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[Behind the Wheel] New Korando C goes family-oriented
HWACHEON, Gangwon Province -- In contrast to the original Korando, which had a masculine and adventurous image, the latest SUV rolled out by SsangYong Motor, the New Style Korando C, aims to be family oriented, offering a comfortable driving experience. SsangYong Motor, the local unit of Indian carmaker Mahindra & Mahindra Ltd., held a media performance test drive of its latest SUV from its headquarters in central Seoul to Hwacheon of Gangwon Province. The round trip totaled 290 kilometers and a
Feb. 19, 2017
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[Eye] ‘Basics, nature are key to iconic auto designs’
Park Jong-suh, 70, had never thought of becoming a car designer. In his childhood, cars had been his favorite like other boys, though in the postwar era of the early 1950s, they often had to pretend rubber shoes were vehicles as an alternative to toy cars.Twenty years later, Car Styling magazine in Japan would publish a set of his drawings and artwork, completely changing his life. “I was offered to work with Hyundai Motor in 1974 when somebody in the company saw my work from the magazine. I thi
Feb. 17, 2017
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Korea's auto exports retreat in Jan.
South Korea's auto exports fell for the first time in three months in January on decreased working days and contracted demand from global markets, government data showed Thursday.The total value of autos shipped overseas reached $2.86 billion last month, down 4.8 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. (Yonhap)The January downturn came after the country's monthly auto exports have logged an on-year growth in November and December
Feb. 16, 2017
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Sales of luxury imported cars top 20,000 in 2016
Sales of imported luxury cars continued to grow despite a sharp drop in overall sales of imports last year, industry data showed Thursday, reflecting an apparent economic polarization among local consumers.In 2016, the number of newly registered foreign-made vehicles each priced over 100 million won ($87,600) came to 20,384, accounting for over 9 percent of the total 225,279 imported cars sold here, according to the data from the Korea Automobile Importers and Distributors Association. Dimitris
Feb. 16, 2017
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SsangYong Motor back in the black
SsangYong Motor announced Wednesday that the company posted its highest sales volume in 14 years last year, resulting in an operating profit of 28 billion won ($25 million) and net profit of 58.1 billion won.The company, which is the fourth-largest South Korea-based automobile manufacturer, sold a total of 155,844 units worldwide in 2016. Exterior view of SsangYong Motor Company’s Tivoli SUV. (SsangYong Motor Company)“Last year, the company was able to recover its market share thanks to the Tiv
Feb. 15, 2017
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Tesla expected to hit Korean market in May
Major US electric car maker Tesla is expected to hit the Korean auto market this May after completing the registration process with the Ministry of Land, Infrastructure and Transport.The ministry said Wednesday that the registration for Tesla as a manufacturer has been finalized. The company said it will begin sales from May.This Sept. 7, 2016 photo provided by the Insurance Institute for Highway Safety shows a Tesla Model S before crash safety testing. (Yonhap - AP)Tesla first submitted for the
Feb. 15, 2017
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Hyundai Ioniq EV tops US list as 'greenest car'
The Hyundai Ioniq electric vehicle has been named the greenest car in the United States, beating its global rivals the BMW i3 and the Toyota Prius Eco, the South Korean manufacturer of the car, Hyundai Motor Co., said Wednesday.The Ioniq Electric topped a list of environmentally friendly vehicles sold in the United States that was put together by a non-profit organization, the American Council for an Energy-Efficient Economy. The Hyundai Ioniq Electric Vehicle (Hyundai Motor)The list, posted on
Feb. 15, 2017
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Chinese SUV starts off sales with a bang in Korea
All 120 units of the Chinese SUV Kenbo 600 -- which began sales here last month as the first Chinese automobiles to be introduced in the Korean market -- have sold out, the distributor of the Chinese vehicle said Wednesday. According to China-Korea Motor Co., the model’s exclusive local importer and distributor, contracts for the first round of the Kenbo 600 will be completed by this week. The company has placed orders for another 200 units.The SUV was officially launched on Jan. 18 and deliveri
Feb. 15, 2017
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Kumho Tire reaps two awards at iF Design Award
Kumho Tire, South Korea’s No. 2 tire maker, received two awards in the transport device category at this year’s iF Design Award taking place in Germany, the firm said Wednesday. The ECSTA PS71, a high performance tire for sports sedans, and a futuristic concept tire dubbed the Smasher were recognized at the 64th iF Design Award. The ECSTA PS71 (right) and Smasher (Kumho Tire)The event is organized by the International Forum Design of Germany and considered one of the world’s top three design awa
Feb. 15, 2017
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Korea to recall 2,721 foreign vehicles
South Korea's transport ministry said Wednesday it has ordered seven companies to recall a total of 2,721 units of 33 models of foreign vehicles for certain defects.The recall affects 1,357 units of the 320i and 16 other BMW models built between June 8, 2000 and January 30, 2003 as they could be equipped with Japan's Takata air bag inflators during repair work. (Yonhap)Takata Corporation said on its website last year that certain inflator ruptures are caused by a combination of long-term exposur
Feb. 15, 2017
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Korea's auto imports top $10b in 2016
South Korea's annual imports of automobiles topped $10 billion for the second consecutive year in 2016 despite lingering repercussions stemming from Volkswagen's emissions scandal, industry data showed Wednesday.According to the data by the Korea International Trade Association, South Korea imported a total of $10.63 billion (about 12.1 trillion won) worth of foreign vehicles last year, but the reading marks a 1.4 percent dip from the previous year's $10.78 billion. (Yonhap)The country's foreign
Feb. 15, 2017
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Hyundai Steel pushes for steel plate price hike
Hyundai Steel, South Korea’s No. 2 steelmaker, has been pushing to raise the price of its automotive steel plates supplied to Hyundai and Kia Motors, according to industry sources. Hyundai and Kia Motors are currently negotiating with the local steelmaker to settle on a new price for steel sheets, according to a Hyundai Motor spokesperson. (Yonhap)The steel industry has been calling for a price hike, citing the increased cost of raw materials, while the auto firms remain reluctant due to a con
Feb. 14, 2017
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BMW aims to overtake top-seeded Benz with new 5 series
BMW Korea is preparing to launch the seventh generation of its 5-series luxury sedan on Feb. 21, looking to reclaim its throne as the country’s best-selling imported car brand after being bested last year by rival German automaker Mercedes-Benz. According to BMW Korea, the new 5 series began preliminary sales contracts on Jan. 4; and in less than a month, pre-sale contracts went on to surpass 2,000 units. In comparison, last year the average monthly sales of the previous 5 series averaged arou
Feb. 14, 2017
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433 imported trucks sold in Jan.
A total of 433 imported trucks were sold in South Korea last month, industry data showed on Tuesday.According to the data compiled by the Korea Automobile Importers and Distributors Association, Volvo topped the list with a total of 184 trucks sold, followed by 112 vehicles from MAN, 75 from Scania, 42 from Mercedes-Benz, and 20 from Iveco. (Yonhap)By type, tractors accounted for 209 vehicles, followed by 159 bodybuilders and 65 cargo trucks, the association said.The association started to compi
Feb. 14, 2017
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Car imports up, exports down with US following tariff lift
Following the effectuation of the Korea-US Free Trade Agreement in 2012, both countries fully lifted their import tariffs on vehicles early last year. Since the implementation, data shows that Korea’s imports of US cars have increased, while the number of Korean domestic vehicles exported to the US has dropped. In 2015, 1.06 million units were exported from Korea to the US. Last year, the figure decreased to 964,432 units, according to data from the Korea Automobile Manufacturers Association and
Feb. 13, 2017
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[Behind the wheel] New Chevy Cruze highlights safety with 360-degree protection
The 2017 Chevrolet Cruze takes to the road during a media experience test drive Wednesday morning. (GM Korea)Featuring 360 degrees of advanced protection technology, driving seems to feel safer with the new 2017 Chevrolet Cruze. GM Korea first unveiled the newest model of its Chevy Cruze last month, with safety at the vehicle’s forefront of appeal and attraction for the everyday driver. Whether it’s navigating through congested downtown streets or heading out on the open road, the new 2017 Chevy
Feb. 12, 2017
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Auto parts supplier set for listing on KOSDAQ
Mobile Appliance Inc., a smart car parts supplier, said Friday that it will be listed on South Korea's stock market later this month.The company, a manufacturer of mobile personal navigation devices for automobiles, car digital video recorders and head-up displays, plans to carry out an initial public offering next week. Lee Jae-shin, head of Mobile Appliance Inc., in a photo provided by the firm (Yonhap)"(We) are a prepared firm in the era of the fourth industrial revolution with core technolog
Feb. 10, 2017
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Kia Motors' Mexico sales jump fivefold in 2016
Sales of South Korea's No. 2 automaker Kia Motors Corp. in Mexico jumped more than five times from a year earlier in 2016, suggesting a possible solution to a newly proposed U.S. tax on foreign-made cars that could affect Kia vehicles produced in the Central American nation, market observers and a local trade agency noted Friday.In 2016, Kia Motors sold 58,112 vehicles in Mexico, up 427.3 percent from a year earlier, according to the Korea Trade-Investment Promotion Agency. An aerial view of Kia
Feb. 10, 2017