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's 5 SUVs' sales hit 15 mln worldwide
Hyundai Motor Co., South Korea's largest carmaker, and its sister Kia Motors Corp. saw cumulative sales of its five flagship sports utility vehicles surpass the combined 15 million mark worldwide last month, industry data showed Sunday.The five models -- Hyundai's Tucson and Santa Fe and Kia's Sportage, Sorento and Mohave -- reported a total of 15.13 million in accumulated sales at home and abroad since their launches, according to the data.Sales of Hyundai's Tucson compact reached 4.42 million
March 13, 2016
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Hyundai vice chairman reelected as board member
Shareholders of Hyundai Motor approved the third term of the automaker’s vice chairman Chung Eui-sun’s board membership at its annual general meeting Friday. As a registered board director of Hyundai Motor responsible for management issues, the heir apparent of the group is expected to spur the global launch of G90 (EQ900 in Korea), the first model of Genesis, its independent premium brand. Chung Eui-sunIndustry watchers said he will also focus on capitalizing on the carmaker’s green car projec
March 13, 2016
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[Weekender] Tuning industry suffers from negative perception
In almost every episode of U.S. television sitcom hit “Home Improvement” in the 1990s, viewers were able to see its main star Tim “The Tool Man” Taylor played by stand-up comedian Tim Allen building and tuning a classic hot rod in his garage with his eldest son.They would chat, giggle and joke around, telling stories to one another while tending to their dream hot rod.Even in movies like “The Fast and the Furious” about a band of criminal street racers, its main character Dominic Toretto’s favor
March 11, 2016
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[Weekender] 'Power up from bottom-up'
Hundreds of college students study auto mechanical engineering, design and new auto technologies such as hybrid and self-driving cars in Korea every year.But only very few land jobs in tuning, which is one of the most lucrative auto fields in countries such as the U.S., Germany and Japan. This is because the Korean tuning market is extremely small for several reasons including tough regulations against tuning in the country’s automotive aftermarket, lack of industry promotions and opportunities,
March 11, 2016
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[Weekender] ‘Car tune-ups for safety, not merely for looks’
In South Korea, car tuning -- the aftermarket modification of an automobile’s performance or appearance -- has long been portrayed under a negative light as an unnecessary practice that disturbs peace and order on the streets. Although many still associate vehicle tune-ups with noisy, sometimes reckless, cars sporting ostentatious exteriors, there is reportedly a lot more to car tuning than looks alone. “What most people don’t know is that the biggest merit of tuning up a car is ‘safety’,” said
March 11, 2016
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[Weekender] Tuning is on
Korea is gearing up to boost the aftermarket auto tuning sector, which is less developed than its auto production. According to the Ministry of Land, Infrastructure and Transport, the tuning industry of the world’s fifth-largest auto market is estimated at 600 billion won ($500 million), which is much smaller than the 29 trillion won of the U.S. and 17 trillion won of Japan.The restrictive regulations against car modifications have kept a lid on growth of the lucrative industry and the strict re
March 11, 2016
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Mercedes-Benz Korea may face probe over transmission change
The Korean unit of German luxury carmaker Mercedes-Benz may face a probe by the prosecutor’s office over the submission of false specifications of its high-end lineup of S-Class S350 models, the authorities said Friday.The Transport Ministry announced that it would soon file a complaint of a possible violation involved.Before the sales, Mercedes-Benz Korea notified the ministry that the S350 model came equipped with a seven-speed transmission. But the vehicle had a nine-speed transmission instal
March 11, 2016
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[Weekender] Luxury car aficionados spur vehicle tune-up
In recent years, Seoul has seen a sudden rise in luxurious vehicles on its roads, parking lots and even narrow streets, with many foreign car brands gaining popularity. Although those premium cars equipped with astonishing design and excellent performance are compelling enough for some owners, car maniacs and some customers want more. Tuned-up cars in front of BRABUS Korea‘s Studio (BRABUS Korea)“Many Korean foreign car owners want more than just driving a car,” said Yoon Dong-Joo, sales directo
March 11, 2016
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Trade show seeks to promote vehicle modification business
The 2016 Seoul Auto Salon, the country’s largest custom car and accessories show, will take place this summer from July 7 to 10 at Coex in southern Seoul. The trade fair is the largest auto aftermarket show in Korea, displaying tuned cars and other parts and accessories used to modify vehicles. 2015 Seoul Auto Salon (SAS)Starting with 82 exhibiting companies and 51,000 visitors in 2003, the auto show has indeed increased in scale over the past 13 years to an expected 130 companies and estimated
March 11, 2016
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[Photo News] Debut of bullet train bound for 2018 Winter Olympics venue
DEBUT OF BULLET TRAIN BOUND FOR 2018 WINTER OLYMPICS VENUE -- A high-speed train line for the PyeongChang Winter Olympics, manufactured by Hyundai Rotem, debuts in the Changwon plant on Thursday. The high-speed train will transfer visitors for the PyeongChang Winter Olympics from Incheon to Gangneung in just two hours. Hyundai Rotem held a ceremony today, explaining it would conduct test runs until 2017. The railway is expected to be opened by 2018. (Hyundai Rotem)
March 10, 2016
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Hyundai Motor extends coprosperity drive
Hyundai Motor Group said Thursday it has extended its initiative to grow together with its vendors for another year.In an agreement with the Fair Trade Commission, officials from the automotive group pledged to build a cooperative ecosystem for the group and its small vendors.The nation’s anti-trust body has made such fair trade agreements with major conglomerates since 2007. Hyundai Motor Group joined the FTC’s “economic democratization” initiative in 2008, pledging to encourage its affiliates
March 10, 2016
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Hyundai Motor vice chairman to attend global EV expo in Jeju
Hyundai Motor Group vice chairman Chung Eui-sun will attend the third International Electric Vehicle Expo that will open on Jejudo Island on March 24, group officials said Wednesday.During the seven-day exposition, Chung is expected to introduce Hyundai’s Ioniq series — the carmaker’s green car lineup. He had also done so at the 2016 Geneva Motor Show in Switzerland earlier this month. Hyundai Motor vice chairman Chung Eui-sun (Yonhap)The expo plans to display various electric vehicles and batte
March 9, 2016
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Korean car exports shrink for four straight months
Korea's automobile exports shrank for four consecutive months in February due mainly to contracted demand from emerging markets amid fast-falling oil prices, the government said Wednesday.Outbound shipments of vehicles came to 192,276 units last month, down 8.1 percent from 209,148 units tallied a year earlier, according to the Ministry of Trade, Industry and Energy.The February figure narrowed from an 18.8 percent on-year plunge in January, the fastest decline since October 2010, but extended i
March 9, 2016
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Seoul to host first motorcycle trade show in March
The first motorcycle trade show in Seoul will be held on March 31 at Coex in Samseong-dong, Seoul, said co-organizers Coex and the Korea Motorcycle Industry Association on Tuesday. The Seoul Motorcycle Show 2016 aims to attract motorcycle maniacs and other interested public, they said. About 80 motorcycles from nine makers will be exhibited at the show. They include BMW, Ducati, Harley-Davidson, Honda, Indian Motorcycle, Kawasaki, KR Motors, Kymco and Suzuki. Twelve of them are being presented t
March 8, 2016
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Ssangyong Motor eyes compact SUV market with Tivoli Air
Ssangyong Motor Co., owned by India's auto giant Mahindra & Mahindra, launched the Tivoli Air on Tuesday, targeting the growing compact SUV market. The Tivoli Air is a long-body version of its popular Tivoli crossover SUV, which was launched early last year. The Tivoli led its domestic and overseas sales throughout last year, raising expectations for the larger-sized family model. "The Tivoli Air is armed with the unique dynamic style, which evolved from the luxurious and stylish brand of the Ti
March 8, 2016
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Government OKs first self-driving car
The Korean government issued a temporary license plate Monday for the nation's first self-driving car.Hyundai's luxury sedan Genesis equipped with a high-tech driving assist system will be able to hit the road in six routes designated by the transport ministry. Hyundai Genesis EQ900 (Yonhap)The move is part of efforts to commercialize autonomous vehicles and develop driverless cars in the long term.Korea, a car-making power, pushes not to lag behind its global competitors in the promising field.
March 7, 2016
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Kia denies report on auto plant project in India
Hyundai Motor Group denied a local new report on Monday that Kia Motors -- one of its two auto units alongside Hyundai Motor -- is mulling a plan to build a plant with an annual production capacity of 300,000 units in India. The reports also mentioned Tada in the state of Andhra Pradesh as the strongest candidate for the site location.“India is one of countries Kia inspected for an overseas plant, following its investment in Mexico, but nothing has been decided yet for the Indian project,’’ an o
March 7, 2016
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Competition over full-size SUVs heating up
Kia's facelifted Mohave SUVCarmakers are rushing to roll out full-size, luxury sports utility vehicle as demand for bigger and broader SUVs is heating up, amid falling oil prices and the extension of tax benefits. Volvo's all-new XC90 “As the craze for SUVs continues, carmakers -- domestic or foreign -- are in competition to debut full-size SUVs to strengthen their SUV product lineup and to raise profit margins,’’ said an official from the Korea Automobile Manufacturers Association. SUV was on
March 6, 2016
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[Photo News] Audi introduces new Q7
AUDI INTRODUCES NEW Q7-- Audi Korea on Thursday launched the New Audi Q7, an improved version of the German carmaker’s signature premium sports utility vehicle. The New Q7 is 325 kilograms lighter and fitted with state-of-the-art features such as the Audi Virtual Cockpit interface, a Traffic Jam Assist. Prices start from 110 million won ($89,374). (Audi Korea)
March 3, 2016
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Volkswagen to recall emissions-faked cars in late April
Volkswagen and its luxury brand Audi plan to start the recall process for their emissions-faked vehicles sold in Korea in late April following a delay caused by the Seoul government rejecting the companies' measures to fix the problem for being insufficient, industry sources said Thursday.The two German carmakers recently submitted their recall plans to the environment ministry for around 125,000 vehicles equipped with what are called deceit devices designed to manipulate emissions results. Unde
March 3, 2016