Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Hyundai, Kia hold 9 of 10 best-selling cars
South Korea's top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. continue to dominate the local market despite a recent drop in their sales here as they together hold nine of the 10 best-selling cars, data showed Tuesday.The two carmakers form Hyundai Motor Group, the world's fifth-largest automotive group by sales.According to the companies, the Hyundai Avante, sold as the Hyundai Elantra in some parts of the world, was the best-selling car here with 78,253 units sold in
Nov. 8, 2016
-
Gov't to revise law, allowing mirrorless vehicles
The South Korean government said Monday that it will soon revise the law on vehicle safety to allow camera monitor systems to replace side and rear view mirrors in cars, reducing greenhouse gas emissions, as well as the possibility of accidents.A mirrorless vehicle may save up to 10 percent in fuel as the removal of external side mirrors will reduce wind resistance, according to the Ministry of Land, Infrastructure and Transport.Camera monitor systems may also help reduce the possibility of acci
Nov. 7, 2016
-
Auto industry likely to lack hit model in 2016
The local auto market is not likely to have a hit model this year that sells over 100,000 vehicles, something that has happened only three times over the past 15 years, industry watchers said Monday.Industry data for 2016 up to the end of October showed Hyundai Motor's midsize sedan Avante sold the most at 78,253 vehicles, followed by Porter, a small truck from the same company, with 78,115. Hyundai Motor's Porter truck (file photo)Hyundai's Sonata, the model that has been the face of the autom
Nov. 7, 2016
-
[Behind the wheel] Genesis G80 Sport combines elegance and dynamism
The two previous models of Hyundai’s premium brand Genesis have been popular as corporate cars among executives, but this might change with the launch of the G80 Sport, a speedy luxury sedan unveiled in October. According to the company, 71.3 percent of the 500 preorders taken between Oct. 6 and 31 were made by those in their 30s and 40s, while 7 percent were by those in their 20s.The shift in the vehicle’s popularity among younger consumers might be due to its hip design, which drew hordes of y
Nov. 6, 2016
-
Auto sales in Korea to retreat for 2nd year in 2017: report
Automakers in South Korea is expected to face another bumpy road next year as consumers cut their spending on new vehicles amid snowballing debts and challenging economic conditions, a report said Sunday.According to the report by Hyundai Motor Co., the country's leading automaker, domestic auto sales for next year are estimated at 1.76 million unit, lower than this year's estimated 1.8 million.In 2015, a total of 1.84 million vehicles were sold in the country."While there are some positive fact
Nov. 6, 2016
-
Korea No. 5 eco-friendly auto market in 2015
South Korea was the world's fifth-largest eco-friendly auto market last year with some 42,000 units sold here despite its relatively small size, industry data showed on Sunday.According to the data compiled by the Korea Automobile Manufacturers Association, a total of 41,959 eco-friendly vehicles such as hybrid cars and electric vehicles were sold in the country last year, up 17.1 percent from 2014. This photo, provided by Hyundai Motor Co., shows how a battery is recharged for the firm's Ioniq
Nov. 6, 2016
-
Hyundai, Kia's domestic market share dips to record low in October
The combined domestic market share of Hyundai Motor Co. and its affiliate Kia Motors Corp. dropped to an all-time low in October due largely to a decline in output caused by labor strikes and a rise in the sales of foreign vehicles here, industry data showed Friday.According to the data, the corporate duo's domestic market share stood at 58.9 percent last month, dipping to below the 60-percent threshold for the first time.Last month, a total of 148,078 vehicles were sold in South Korea, with the
Nov. 4, 2016
-
Kia Motors unveils 4 modified cars at US auto show
Kia Motors Corp., South Korea's second-largest carmaker, said Friday it unveiled four modified cars at an annual US auto show, including a self-driving Sorento equipped with tracks. The annual trade fair, hosted by the Specialty Equipment Market Association this week in Las Vegas, showcased aftermarket modified cars from automakers and specialty tuners.Fitted with tracks and a roof rack, the Sorento Ski Gondola can be run on a ski slope while tackling ice and snow, Kia said. The Sorento Ski Gond
Nov. 4, 2016
-
Mercedes-Benz reaches new sales record in Korea
Mercedes-Benz hit a new record in Korea in October by selling more than 6,000 vehicles, standing on its own as other imported cars are losing customers, industry officials said Friday.The feat follows a series of other records. In August, Mercedes-Benz became the first to win over 30 percent of the imported car market. In September, it surpassed 5,000 in sales, a jump of 15 percent from the same month a year ago. Its October sales of 6,400, a 72.4 percent increase on-year, is the best monthly pe
Nov. 4, 2016
-
[NEWS FOCUS] What is causing Hyundai Motor’s decline?
Carmakers around the world may be struggling with common problems such as a slowing economy, fierce market competition or growing demands on technical innovations. But Hyundai Motor, Korea’s largest carmaker, is being cornered by other factors that include chronic labor disputes, rigid hierarchy in management and a diminishing monopoly in the local market, experts said.Concerns are growing over the South Korean carmaker and its future, raising questions about its growth capacity and future agend
Nov. 3, 2016
-
Kia Motors, labor union reach tentative wage deal
Kia Motors Corp., South Korea's No. 2 automaker, said Wednesday that it has reached a tentative wage deal with the labor union which will be put to a vote by unionized workers next week. Since late June, the automaker and its labor union have been negotiating the wage deal. Unionized workers have staged partial strikes causing 2.1 trillion won ($1.83 billion) in production losses, the company estimated. Under the deal, the automaker's workers will see a 72,000 won raise in their basic salar
Nov. 2, 2016
-
GM Korea likely to top 10% in S. Korean market share
GM Korea Co., the South Korean unit of US automaker General Motors Co., will likely see its market share in South Korea grow to over 10 percent for the first time in nine years, company officials said Wednesday.In the January-October period, GM Korea sold 144,726 vehicles in the South Korean market, accounting for 11.2 percent of 1,278,906 cars sold by five car manufacturers here over the cited period. In this file photo, taken on Oct. 17, 2016, James Kim (R), president of GM Korea Co. introduce
Nov. 2, 2016
-
GM Korea sales rise 1.1% on-year in Oct.
GM Korea Co., the local unit of US automaker General Motors Co., said Tuesday its sales grew from a year earlier in October, as a surge in domestic sales more than offset a drop in exports.The carmaker's overall vehicle sales came to 55,269 last month, up 1.1 percent from the same month last year.Domestic sales spiked 14 percent on-year to 16,736 cars, the highest sales figure for October in the company's history.Outbound shipments slipped 3.7 percent on-year to 38,533 vehicles.In the first 10 m
Nov. 1, 2016
-
Hyundai, Kia to pay $41.2 million over inflated fuel economy ratings
Hyundai Motor and Kia Motors have agreed to pay $41.2 million to settle investigations over inflated fuel economy ratings in US states.“We have faithfully taken all the follow-up measures related to the fuel economy ratings,” Hyundai said on Friday. In return for the settlement, the group representing 33 states -- which claimed the automakers misrepresented fuel economy in advertising -- decided not to file lawsuits against the automakers. The deal is the latest in the ongoing fallout from the a
Oct. 28, 2016
-
Kia Motors Q3 net profit jumps 20.8% on-year
South Korea's No. 2 automaker Kia Motors Corp. said Thursday that its third quarter net profit jumped 20.8 percent from a year earlier despite a slight drop in sales.In the July-September period, Kia Motors' net profit came to 664.3 billion won ($583.23 million) on a consolidated basis, compared with a net profit of 550.1 billion won in the same period last year, the company said in a regulatory filing.Sales dropped 3.1 percent on-year to some 12.7 trillion won over the cited period, with operat
Oct. 27, 2016
-
Korea's passenger car exports tumble 17.4% in Q3
South Korea's passenger car exports slumped 17.4 percent in the third quarter of 2016 from a year earlier due mainly to contracted world demand and partial strikes at local carmakers, customs data showed Wednesday.The total value of exported vehicles reached $7.23 billion in the July-September period, down from $8.76 billion a year earlier, according to the data compiled by the Korea Customs Service.Local carmakers led by No. 1 Hyundai Motor Co. shipped out 515,000 cars in the three-month period
Oct. 26, 2016
-
Hyundai Motor unveils new, sleek Grandeur
South Korea’s largest carmaker Hyundai Motor on Tuesday unveiled the much-awaited sixth generation of the Grandeur. During a media preview event in Seoul, Hyundai designer Koo Min-chul said the new Grandeur will “spearhead a new era” for the company’s designs. “It features a cascading grill inspired by molten metal flowing from a furnace and the curves of Korean ceramics,” Koo told the media. Hyundai’s cascading grill, which was first introdu
Oct. 25, 2016
-
BMW Korea recalls 23 vehicle models
The local unit of German carmaker BMW is recalling 23 of its models for defects in devices that control emissions, the South Korean government said Tuesday.BMW Korea voluntarily started the recall on Oct. 12 on two gasoline and 21 diesel models for problems detected in the exhaust gas recirculation device and other equipments, according to the Ministry of Environment.The recall affects a total of 11,548 vehicles, including the BMW 520d model, which was the best selling imported car in South Kore
Oct. 25, 2016
-
Hyundai Motor Group executives to take 10% paycut to tide over crisis
South Korea's leading automaking group Hyundai Motor Group said Tuesday that executives of its 51 affiliates will have their salaries cut by 10 percent starting this month as part of efforts to tide over worsening business conditions at home and abroad."Executives of the group's affiliates are moving to voluntarily cut their salaries," said a high-ranking official at Hyundai Motor Group told Yonhap News Agency. "As far as I know, it (paycut) will start this month."The automaking group's paycut f
Oct. 25, 2016
-
Hyundai to recall Sonata in Korea over sunroof problem
Hyundai Motor will issue a recall for its mid-size sedan Sonata in South Korea as the panoramic glass sunroofs can come loose and fly into traffic, the automaker said on Sunday. Hyundai said the sedan’s poorly attached wind deflector may interfere with its panoramic sunroof that could thus easily become detached.The Korean automaker reported the measure to the Land Ministry last week and plans to start the recall from Oct. 31. The recall covers around 24,000 units of 2015-2016 Sonata including h
Oct. 23, 2016