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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Hyundai, Kia warned of ‘hazardous conditions’ at US suppliers before worker's death
A worker at an Alabama plant making auto parts for Hyundai Motor and Kia Motors was crushed to death by machinery in June, several months after the automakers were warned of hazardous conditions at their suppliers.David Michaels, assistant secretary of labor for the Occupational Safety and Health Administration, said in a report on the death of Regina Allen Elsea that he had visited the carmakers in South Korea in 2015 and warned top managers of safety problems at their suppliers. He cited the c
Dec. 15, 2016
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‘Samsung’s Harman buy shows evolving automotive industry’
The recent acquisition of Harman International Industries by Samsung Electronics is expected to spur the global automotive industry’s move toward intelligent and connected cars, the Korean head of a leading German auto parts maker said Wednesday.“Personally, I don’t think Samsung focusing on the automotive industry is a bad idea. I rather think it is an evidence of how innovative and dynamic the industry has become,” said Robert Lee, president and CEO of Continental Automotive Korea. Continental
Dec. 14, 2016
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Auto exports to Algeria on rise: data
Auto exports to Algeria have sharply risen this year, partly driven by rising demand and the operation of an assembly plant there, industry sources said Wednesday.According to the Korea Trade-Investment Promotion Agency (KOTRA), exports of South Korean passenger cars to the African country amounted to US$92.56 million in the first 10 months of the year, up 52 percent from a year earlier.Exports of commercial vehicles to Algeria also surged 11.1 percent on-year to $57.57 million through October.S
Dec. 14, 2016
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Imported auto sales in Korea to grow 4% next year: trade association
Imported car sales in South Korea are expected to increase 4 percent next year, aided by a recovery in the sales of Volkswagen and Audi models, and the releases of new models, a trade association said Tuesday.According to the Korea Automobile Importers and Distributors Association (KAIDA), some 238,000 foreign vehicles are forecast to sell in the country next year, compared with this year's estimated 228,000 units.In the first 11 months of the year, a total of 205,162 imported vehicles have been
Dec. 13, 2016
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S. Korea's auto exports may dip for 2nd year
South Korea's auto exports are widely expected to decline for the second consecutive year in 2016, affected by a production disruption caused by a string of labor disputes at major automakers and a protracted slump in the global economy, industry sources said Sunday.According to the sources, the total value of overseas auto shipments reached $36.07 billion in the first 11 months of the year, down 13 percent from $41.43 billion a year earlier.If this trend continues this month, this year's overal
Dec. 11, 2016
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Korea's auto exports turn around in Nov. after 17-month lapse
South Korea's car exports turned around for the first time in 17 months in November on the back of increased production after the end of strikes at major carmakers, government data showed Thursday.The total value of overseas car shipments rebounded to rise 1.5 percent on-year to US$3.98 billion in November, according to the Ministry of Trade, Industry and Energy.It is the first time since June 2015 that the country's monthly auto exports have logged an on-year growth.The number of exported vehic
Dec. 8, 2016
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Korea's import vehicle sales dip 16% in Nov.
Sales of imported cars in South Korea slumped 15.8 percent last month from a year earlier, after an on-year rise the previous month, due to a supply shortage, industry data showed Tuesday.In November, 19,361 new imported cars were registered, according to the data from the Korea Automobile Importers and Distribution Association. The November reading also marks a 6.1 percent on-month fall, the data showed.In the first 11 months of the year, foreign vehicle sales amounted to 205,162 units, down 6.
Dec. 6, 2016
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Chevrolet Malibu, SM6 named safest new cars of year
The Chevrolet Malibu and SM6 midsize sedans have been named safest cars of the year in an annual government safety assessment of new cars launched in South Korea, the transportation ministry said Monday.Both the Chevrolet Malibu and the SM6 received the highest points of 92.1 in the government assessment program that reviewed 14 new cars, according to the Ministry of Land, Infrastructure and Transport.The two cars were followed by the K7 midsize sedan from Kia Motors Corp., which received 91.7 p
Dec. 5, 2016
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Advances by small carmakers to offer more value for money to S. Korean consumers
South Korea's auto market is set to witness one of the most significant and dramatic changes in years, but one that may greatly benefit local consumers, market observers said Friday.Ironically, however, such a dramatic and yet positive change will come from a relative retreat by two of the largest carmakers here -- Hyundai Motor Co. and its smaller affiliate Kia Motors Corp.Together, Hyundai and Kia form Hyundai Motor Group, the world's fifth-largest automotive giant by sales.They have long domi
Dec. 2, 2016
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Hyundai, Kia see US sales grow 9% in November
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States grow 9 percent in November, thanks to strong sales in sport utility vehicles, industry data showed Thursday.The two South Korean auto giants sold a combined 115,011 units in the US last month, up from 105,560 units during the same period last year, the data showed. Hyundai's sales rose 4.2 percent to 62,507 units, led by its two sport utility vehicles, Tucson and Santa Fe, while Kia's sal
Dec. 2, 2016
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Hyundai G90 named finalist for North American Car of the Year
Hyundai Motor’s luxury sedan Genesis G90 will be competing with Chevelot’s Bolt and the Volvo S90 for the prestigious North American Car of the Year award, the company said Wednesday.The carmaker’s high-end vehicle, known as the Genesis EQ900 in South Korea, was named one of the three finalists for the award at the Los Angeles auto show. The winner will be announced during the Detroit Motor Show scheduled for January, based on the decision of a judging panel consisting of 57 journalists from the
Dec. 1, 2016
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Ssangyong Motor to recall 5,200 cars sold in Korea
Ssangyong Motor Co., the local unit of Indian automaker Mahindra & Mahindra Ltd., is recalling some 5,200 vehicles sold here for issues related to the car's front bumper shock absorbers, the transportation ministry said Thursday.According to the Ministry of Land, Infrastructure and Transport, the shock absorber may break due to a manufacturing defect, upsetting the balance of the car should part of the absorber also become detached. The 2017 Korando Turismo (Photo courtesy of Ssangyong Motor)The
Dec. 1, 2016
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All 6 new cars pass interior air quality standards
All new cars launched in South Korea over the past 12 months have satisfied government standards on vehicle interior air quality, the transportation ministry said Tuesday.The government test checked the interior air quality of six new cars launched here between July 2015 and June 2016, according to the Ministry of Land, Infrastructure and Transport.The new cars include the Sportage SUV and the K7 midsize sedan from the country's No. 2 automaker Kia Motors Corp. and the SM6 midsize car from Renau
Nov. 29, 2016
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Can Tesla, BYD boost Korean EV market?
The world’s two leading electric vehicle makers, Tesla Motors and BYD Auto Co, are set to hit the Korean market within this year. But questions remain over whether they can shake up the world‘s 10th-largest auto market that suffers from the sluggish EV sales. The total sales of eco-friendly cars saw a growth of 68 percent in the first 10 months of this year with a total of 53,631 units sold. But 94 percent of the total were hybrid cars with the rest being plug-in hybrid EVs, pure E
Nov. 27, 2016
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[Behind the Wheel] Grandeur reconstructs Hyundai’s legacy
Forget about the Grandeur that you used to know. The old image of the luxury sedan for upper class, middle-aged drivers is gone with the release of the all-new Grandeur last week. The new Grandeur, the sixth generation of Hyundai’s signature luxury sedan, is young, innovative and sporty.And the market is responding fast. Of all preorders, 48 percent of the drivers were in their 30s and 40s, a 7 percent increase from its previous model Grandeur HG, said Ryu Chang-seung, head of Hyundai’s domestic
Nov. 27, 2016
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Hyundai mulls pulling Grandeur out of US market
Hyundai Motor Co. is considering suspending the sales of the Grandeur sedan, exported under the name Azera, in the United States, industry sources said Sunday, due to its sluggish sales there.While Hyundai announced the launch of the sixth-generation Grandeur earlier in November, sources said the company would not introduce the model in the US If South Korea's top automaker makes that decision, it would mark the first time in 16 years for the Azera to leave the US market. Models pose with Hyunda
Nov. 27, 2016
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Hybrid takes up 94% of eco-friendly cars sold in S. Korea
Hybrid automobiles took up 94 percent of eco-friendly cars sold in South Korea through October this year, data showed Sunday, despite the government's efforts to push electric models.According to the data compiled by Korea Automobile Manufacturers Association and the Korea Automobile Importers and Distributors Association, the combined number of eco-friendly cars sold here came to 53,631 units through October, soaring 63.8 percent from a year earlier. A police officer recharges a hybrid patrol c
Nov. 27, 2016
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BMW cars recalled over engine, airbag defects
The South Korean government recalled more than 21,300 BMW vehicles distributed by local importer BMW Korea over defects found in the engine and airbags, officials said Friday.Of the total, 11,689 vehicles of BMW’s 19 models, including the 530d xDrive and the X6 M50d, are subject to the recall due to defective engine timing belt tensioners. The problem found with the component could make the engine stop while driving, the ministry said, quoting tests conducted by the Korea Transportation Safety A
Nov. 25, 2016
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BMW to recall over 21,000 cars in Korea over fuel, air bag related issues
BMW Korea, the local importer and distributor of BMW cars, will recall over 21,000 cars sold in South Korea for various problems related to engine timing belts and air bags, the transportation ministry said Friday.Some 11,600 cars of 19 vehicle models, including the 530d xDrive and the X6 M50d, will be recalled for defective engine timing belt tensioners that may cause the engine to turn off even when the ignition is on, possibly leading to accidents, according to the Ministry of Land, Infrastru
Nov. 25, 2016
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[Behind the wheel] Mercedes-Benz targets SUV market with GLS, GLE Coupe
Mercedes-Benz has recently launched two sport utility vehicles, GLS and GLE Coupe, in South Korea to target the growing premium SUV market. “We have achieved the goal of doubling SUV sales this year thanks to the continued rollout of upgraded models,” Mercedes-Benz Korea CEO Dimitris Psillakis said at a recent launch event. The chief also added that the SUV market in Korea is expected to continue growing, despite the saturated vehicle market here.The German auto giant had sold 7,454 SUVs this y
Nov. 21, 2016