Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Korea’s homegrown nanosatellite successfully launches into space
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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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Medical reform committee kicks off despite boycott from doctors
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Hybe's multilabel system tested amid conflict with Ador
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SNU profs to suspend treatment for one day
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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SK hynix pledges W20tr to ramp up DRAM production at home
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Tesla's Model 3 forecast to boost Korean demand for EVs
The entry of Tesla Motors Inc.'s more affordable electric vehicle into South Korea next year is expected to boost domestic demand for EVs considerably in light of sharp consumer interest in the envisioned model, an expert said Monday.US electric car maker Tesla is slated to unveil the Model 3 in late 2017, which is capable of traveling more than 340 kilometers before being recharged and is estimated to have a price tag of $35,000, nearly half the price of its flagship and luxury Model S. (Tesla)
Aug. 29, 2016
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Auto imports halve in July on end of tax favors, VW woes
Imports of foreign cars in South Korea more than halved in July due to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal and the end of tax favors on car purchases, industry data showed Sunday.According to data from the Korea Automobile Manufacturers Association, a total of 17,897 foreign vehicles were imported into the country last month, down 51 percent from the previous month.By country, a total of 6,423 German cars were imported in July, sharply down 58 per
Aug. 28, 2016
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Hyundai, Kia sales in China surge 30 percent
Hyundai Motor and its sister company Kia Motors saw a boost in sales last month in China, thanks to the popularity of sports utility vehicles there and the improved economic conditions, officials said Thursday.Hyundai Motor, South Korea’s largest automaker, and Kia Motors, the second-largest, sold a combined total of 111,021 vehicles in July, up 31.9 percent year-on-year. Separately, Hyundai Motor sold 70,016 units, up 29.3 percent year-on-year while Kia shipped 41,005 cars in July, increasing b
Aug. 25, 2016
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[Photo News] World's first compact SUV Convertible
Jaguar Land Rover Korea hosts a showcase for the Range Rover Evoque Convertible, the world’s first compact SUV convertible, slated for launch in Korea in September, at Yeong Bin Gwan, Hotel Shilla in central Seoul on Wednesday. (Yonhap)
Aug. 24, 2016
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Audi to recall over 1,500 A8 cars for coolant leak
German automaker Audi AG will recall certain model years of A8 luxury passenger cars sold in South Korea for a coolant leak that may cause the car to lose power while driving and thus possibly lead to accidents, the transportation ministry said Wednesday.The local government began investigating possible coolant leaks in the Audi cars in June 2014 following a series of reports from vehicle owners here, according to the Ministry of Land, Infrastructure and Transport.The government confirmed coolan
Aug. 24, 2016
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Kia Motors' Mexico sales more than double in July
South Korea's No. 2 automaker Kia Motors Corp. again renewed its monthly sales record in Mexico in July, market data showed Wednesday, suggesting its annual target of 50,000 cars will be anything but unattainable.The South Korean carmaker sold 5,510 cars, including light trucks, in Mexico last month, up more than 260 percent from the same month last year, according to the data from AMIA, the Association of Auto Manufacturers in Mexico.Kia only began selling its cars in Mexico in July 2015, but i
Aug. 24, 2016
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Korean regulations continue to hinder development of autonomous cars: report
South Korea needs to further remove regulations to support the development of domestic autonomous or self-driving vehicles, a private think tank here said Wednesday.In a report, the Korea Economic Research Institute claimed excessive or unnecessary regulations here created a major hurdle to local developers of self-driving cars, partly by adding to their costs.The report came amid government efforts to help develop and commercialize level 3 self-driving cars by 2020. A level 3 self-driving car r
Aug. 24, 2016
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Private-gov't body launches to foster hydrogen car sector
The South Korean government on Wednesday launched a consultative body of the public and private sectors in order to steer the hydrogen car industry to a leading growth engine of Asia's fourth-largest economy, the trade ministry here said.Led by the Ministry of Trade, Industry and Energy, the alliance for hydrogen convergence is comprised of provincial governments and local automotive and energy companies including Hyundai Motor Co., the country's largest carmaker, SK Gas and the state-run Korea
Aug. 24, 2016
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Ssangyong Motor reenters Philippines
By Ahn Sung-mi THE INVESTORSsangyong Motor is reentering the Philippine market after an eight-year hiatus, the company said Tuesday. The automaker, owned by India’s auto giant Mahindra & Mahindra, will begin selling its vehicles, including the brand’s popular Tivoli compact SUVs in the country. Earlier in December, Ssangyong Motor formed a contract with local distributor Ssangyong Berjaya Auto Philippines, part of the Malaysian Berjaya Group, to resume sales of Ssangyong cars in the country, whi
Aug. 23, 2016
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Korean shares open slightly higher on auto gains
South Korean shares opened slightly higher on Tuesday, rebounding from a sharp drop in the previous session.The benchmark Korea Composite Stock Price Index gained 3.63 points, or 0.18 percent, to 2,045.79 in the first 15 minutes of trading.On Monday, the index lost 14.08 points, or 0.68 percent, to close at 2,042.16.Large caps traded mixed with most tech shares in negative terrain.Market bellwether Samsung Electronics shed 0.12 percent, while global chipmaker SK hynix remained flat at 36,000 won
Aug. 23, 2016
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GM CEO Mary Barra due in Seoul next week
Mary Barra, the top executive officer of US automaker General Motors Co., will visit South Korea next week, a US business lobby in Seoul said Monday.The top executive of General Motors Co. is scheduled to offer a special speech at a meeting of the American Chamber of Commerce next Tuesday, according to AMCHAM.Officials at GM Korea, the South Korean unit of the US carmaker, confirmed her scheduled visit.They, however, did not provide any other details, only saying it will be part of her "regular"
Aug. 22, 2016
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FCA boasts Jeep’s originality as SUV
The popularity of sports utility vehicles in South Korea is expected to continue with local and foreign carmakers trying to lure local drivers with exquisite designs, fuel efficiency and engine power. But there’s nothing more original than Jeep is, said Fiat Chrysler Automobiles Sunday, stressing its efforts in continuing the brand’s legendary heritage for 75 years.“Since the World War II, when the first Jeep was built, the brand has become one of the most successful SUV brands in the world, tha
Aug. 21, 2016
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Infiniti bets on with new QX60 in Korea
Infiniti, the luxury division of Japanese automaker Nissan, is slated to unveil its new luxury crossover QX60 later this month in the South Korean auto market, the company’s official said. Already having been a great crossover vehicle, the new QX60 is to offer some upgrades. “We aim to attract Korean consumers with QX60’s unique design, advanced safety systems and a reasonable price this autumn,” the company‘s official said. Infiniti QX60The company said its new QX60, a key model of Infiniti’s
Aug. 21, 2016
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10-year wait for Korean firm’s Apple car battery: analysts
Amid reports that Apple is in talks with a small Korean firm to make batteries for a secretive car project, local experts said that it would take more than 10 years to be mass produced.A local news media recently reported that Apple is working with an unidentified Korean firm comprised of around 20 battery experts. The small Korean battery firm Orange Power is considered a strong candidate as it is the first and only Korean firm to have a patent on such technologies. An Apple store in Santa Moni
Aug. 21, 2016
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Gov't orders recall of Chevrolet Orlando LPG for emission problems
South Korea's government on Sunday ordered GM Korea Co. to recall 15,056 Chevrolet Orlando compact multi-purpose vehicles for emission-related problems.The order affects Orlandos using the 2.0 liter engine that uses liquefied petroleum gas as fuel, the environment ministry said.The vehicles made from May 6, 2011 to Oct. 7, 2013 have been found to emit carbon monoxide beyond permissible levels. (Yonhap)The colorless and odorless gas can be toxic to people above a certain concentration in the atmo
Aug. 21, 2016
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Tesla opens website for online reservations in Korea
Tesla Motors has begun taking online reservations in Korea for its electric cars, Model S, Model X, and Model 3, the company said Friday.With a deposit of 2 million won ($1,800) for the Model S, 5 million won for Model X and 1 million won for model 3, customers can make a reservation, it said in the first statement released for Korean press. (AFP-Yonhap)“Korean customers have already shown a great interest in Tesla through reservations for Model 3,” it said. The model 3 is a Tesla electric vehic
Aug. 19, 2016
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Nearly 4,500 Jaguar, Land Rover cars to be recalled in Korea
Nearly 4,500 cars imported by Jaguar Land Rover Korea, the local importer of the luxury brand cars, will be recalled due to problems that include a possible fuel leak that could cause a fire, the transportation ministry said Friday.Due to a defect in the design of the engine cover in certain models of Land Rover cars, the engine cover may rub against the car's fuel hose, possibly causing a puncture in the hose, according to the Ministry of Land, Infrastructure and Transport.The recall affects 4,
Aug. 19, 2016
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Foreign automakers face tougher authentication
The Korean government is relooking all documents submitted by foreign automakers, as there might be more carmakers like Audi and Volkswagen, which manipulated documents to move up release dates. The Environment Ministry said Thursday it requested the state-run National Institute of Environmental Research to review again all documents provided by 23 foreign brands including BMW and Mercedes-Benz. At a briefing session by the Environment Ministry last month, Volkswagen had reportedly said most of
Aug. 18, 2016
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Hyundai, Kia cars take top best-selling car spots in Israel
Three vehicle models produced by South Korea's top automaker Hyundai Motor Co. and its affiliate Kia Motors Corp. took the top three spots in terms of best-selling cars in Israel in the first half of the year, also making their manufacturers the two most preferred brands in the Middle Eastern country, the companies said Thursday.In the January-June period, Kia's Morning compact car, sold as the Picanto in some countries, took the top spot as the best-selling car in Israel.It was followed by the
Aug. 18, 2016
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Kumho Tire rides SUV boom
South Korea’s second-largest tire-maker Kumho Tire is riding the wave of strong demand for sport utility vehicles led by growing popularity of family leisure and outdoor camping activities here. SUVs accounted for 34 percent of the total auto market last year, with steady growth since 2011. In line with the trend, tire companies are also shifting their sales strategy to meet growing demand for SUVs. Kumho Tire’s product sales for SUVs have grown 24 percent over the last three years. Among them,
Aug. 17, 2016