Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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[Kim So-hyun] The quiet taxi driver from Paris
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Mahindra set to inject W230b into SsangYong Motor: sources
Mahindra & Mahindra Ltd. looks set to inject fresh cash into its cash-strapped South Korean unit SsangYong Motor Co. in a move to seek help from SsangYong's main creditor bank, industry sources said Friday. Mahindra & Mahindra Managing Director Pawan Goenka said the Indian carmaker will make a 230 billion-won ($198 million) investment after obtaining approval from its board during his meetings with SsangYong's labor union and Lee Dong-gull, chairman of the state-run Korea Development Ban
Jan. 17, 2020
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Hyundai Motor chief Chung Euisun underlines decarbonizing transportation
Chung Euisun, executive vice chairman of Hyundai Motor Group, said decarbonizing transportation will support the Hydrogen Council’s vision of building a hydrogen-powered societyAccording to the company on Friday, Chung, who co-chairs the council, said in an interview that it is the responsibility of Hyundai Motor to extend beyond vehicles and invest in the hydrogen supply chain.“As an innovator and pioneer in hydrogen-powered mobility, Hyundai Motor Group is willingly taking the resp
Jan. 17, 2020
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Chevrolet rolls out Trailblazer as new core SUV model
Chevrolet launched Friday its new sport utility vehicle Trailblazer in Korea, dubbing it as the brand’s “core next-generation model.” The midsized SUV sits between the compact SUV Trax and Equinox, targeting urban drivers. It contains Chevrolet’s next-generation powertrain and high-tech driving functions, said the American automaker, which is owned by General Motors. “Trailblazer is a stylish SUV that will strengthen the Chevrolet SUV lineup, maximize the driv
Jan. 17, 2020
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Hyundai Motor Group to invest W129b in UK EV startup Arrival
Hyundai Motor Group said Thursday that it will invest 129 billion won ($111 million) in London-based EV startup Arrival, in an effort to secure electric vehicle manufacturing technology and market dominance. According to the automaker, the two firms agreed to cooperate in developing urban-type EVs, after clinching a deal at the Hyundai Motor Group headquarters on Thursday. Established in 2015 Arrival is an EV-developing startup focused on commercial-type vehicles including vans and bu
Jan. 16, 2020
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Qatar Airways introduces Qsuite on flights from Incheon
Qatar Airways said Thursday that its new business class Qsuite will be introduced in all its flights departing Incheon International Airport. Qsuite is the airway’s business class, considered as one of the most luxurious business classes, offering customized suite room environment. It was first introduced for the Doha-London route in June 2017. All Qsuite seats can be customized. By using privacy panel, passengers can create their own room. When traveling with friends or family, the T
Jan. 16, 2020
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Top Mahindra exec visits Korea to seek support for SsangYong Motor
A top executive of Mahindra & Mahindra, the Indian auto giant that acquired SsangYong Motor in 2010, is in town to seek support for its ailing South Korean subsidiary, according to industry sources Thursday. M&M’s Managing Director Pawan Goenka’s visit to Seoul comes ahead of Ssangyong Motor’s board meeting slated for Jan. 30. He currently serves as chairman of SsangYong Motor’s board.A SsangYong Motor official told The Korea Herald that the company 
Jan. 16, 2020
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Hyundai Motor aims to sell 10,100 units of Nexo this year
Hyundai Motor Group said Thursday that it aims to sell 10,100 units of the hydrogen-powered sport utility vehicle Nexo in Korea this year, with the goal of cementing its dominance in the eco-friendly vehicle market here.The Nexo sold 727 units in 2018, the year it was launched, but the number skyrocketed to 4,194 units last year. Its price begins from 68.9 million won ($59,402) in Korea. Combined with Hyundai Motor’s first commercial hydrogen fuel cell vehicle Tucson ix, accumulated
Jan. 16, 2020
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GM Korea launches Trailblazer SUV to revive sales
GM Korea Co., the South Korean unit of General Motors Co., on Thursday launched the Trailblazer sport utility vehicle as it strives to revive sales amid labor woes and weak demand.The Trailblazer comes in two versions -- a front-wheel drive version with a 1.2-liter gasoline e-turbo engine and a continuously variable transmission, and another with a 1.35-liter gasoline e-turbo engine -- GM Korea said in a statement.The 1.35 gasoline model is equipped with an all-wheel drive powertrain and a nine-
Jan. 16, 2020
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Mahindra may seek support from KDB for SsangYong Motor: sources
An executive from Indian carmaker Mahindra & Mahindra Ltd. will come to South Korea this week to discuss and seek financial support from the main creditor bank of its local unit, SsangYong Motor Co., industry sources said Wednesday.SsangYong Motor confirmed Mahindra & Mahindra Managing Director Pawan Goenka will visit Seoul on Thursday but didn‘t provide any details about his schedule here. His visit comes ahead of the sport utility vehicle-focused carmaker’s planned board me
Jan. 15, 2020
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Genesis’ first SUV GV80 launched, threatens likes of Benz, BMW
Hyundai Motor launched Wednesday the much-anticipated first SUV from its luxury brand Genesis, the GV80, which is expected to compete with models from the likes of Mercedes-Benz and BMW. The world’s fifth-largest automaker in terms of sales aims to sell 24,000 units of the GV80 in Korea this year, with plans to launch in North America as well. According to the company, the two-row GV80 was built on the brand’s first rear-wheel-drive platform, based on three key pillar
Jan. 15, 2020
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Kia’s Telluride chosen as 2020 North American SUV of the Year
Kia’s Telluride has been named the 2020 North American Utility Vehicle of the Year, the carmaker said Tuesday, marking the first time it has been chosen as a finalist. According to Kia Motors, the Telluride beat out prominent rivals, the Hyundai Palisades and Lincoln Aviator, in the North American Car, Utility and Truck of the Year (NACTOY) awards. “The Telluride’s interior layout and design would meet luxury SUV standards, while its refined drivetrain, confident driving dynami
Jan. 14, 2020
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Kia Motors vows W29tr to transform into EV maker
Kia Motors on Tuesday unveiled its strategy to transform into a mobility solutions provider and ramp up its lineup with 11 new models to achieve global electric vehicle market share of 6.6 percent by 2025. Under its mid- and long-term business plan called “Plan S,” the sister company of Hyundai Motor said it will focus on EVs by injecting 29 trillion won ($25.1 billion), as well as increase profitability by offering customized mobility solutions.The vision was unveiled during it
Jan. 14, 2020
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Mercedes-Benz vows to maintain top spot in Korea with 15 new releases
Mercedes-Benz Korea said Tuesday it will release nine new models and six face-lifted vehicles this year to maintain its top position in the imported car market here.The automaker also touted its product lineup that “fits Korean tastes” as the reason for topping industry sales for four years in a row, during the automaker’s New Year’s press conference.According to the company, it has sold a record-high of 78,133 vehicles last year, up by 10.4 percent from the previous year
Jan. 14, 2020
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Hyundai targets sales of 1m cars annually in US by 2025
The US subsidiary of South Korean auto giant Hyundai Motor said Sunday it aims to sell 1 million units annually by 2025, on the back of rapid sales of the new Genesis model and sport utility vehicles. While the once-lucrative US market has seen total car sales fall by 1.1 percent last year to 17.08 million units due to global protectionism and sluggish global economy, sales of recreational vehicles inched up 2.8 percent, increasing its ratio in total sales to 71.9 percent in 2019 from 69.1 perce
Jan. 12, 2020
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HDC board OKs W400b rights issue for Asiana acquisition
HDC Hyundai Development Co. said Friday it will raise 400 billion won ($344 million) in a rights issue to help finance its acquisition of Asiana Airlines Inc.HDC plans to issue 21,969,110 shares, or half of its outstanding 43,938,220 shares, at about 18,550 won per share, the company said in a statement.The price will be finalized on March 2, and investors are required to make their payments for the purchase of the new shares by March 13. The new HDC shares are set to be listed on the main KOSPI
Jan. 10, 2020
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Renault Samsung workers wage sudden strike, renegotiation falters
Unionized workers at Renault Samsung staged an impromptu partial strike late Wednesday despite a planned renegotiation with the management the next day, according to the automaker. The South Korean carmaker said the unionized workers staged a four hour-long partial strike by suspending the operation of the production line. A Renault Samsung representative told The Korea Herald that given the current situation, the planned renegotiation on Thursday has been canceled. According to t
Jan. 9, 2020
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Toyota to launch 4 new models in H1 to boost S. Korea sales
Toyota Motors Corp. said Thursday it will launch four new models in South Korea in the first half of the year to jump-start its lackluster sales amid trade tensions between Seoul and Tokyo. Toyota Motors plans to introduce the gasoline-powered GR Supra sports car on Jan. 21, the Camry's sports version XSE gasoline model in February and the all-wheel drive Prius and Prius C Crossover gasoline hybrid models in March, the company said in a statement.For the whole of 2019, Toyota sold 10,611 vehicle
Jan. 9, 2020
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Hyundai, Kia's US sales rise 4.6% on brisk demand for SUVs in 2019
Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday their combined sales in the United States rose 4.6 percent last year, helped by robust sales of SUVs. In 2019, Hyundai and Kia sold a combined 1,304,109 vehicles in the world's most important automobile market, up 4.6 percent from 1,257,307 units the previous year, the companies' sales data showed. The annual figures include sales of Genesis models that are sold under Hyundai's independent Genesis brand. Hyundai and Genesis' US s
Jan. 9, 2020
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SUV sales in S. Korea hit record high in 2019
Sales of sport utility vehicle models in South Korea hit a record high last year as carmakers strengthened their SUV lineups to meet rising demand for recreational vehicles, industry data showed Thursday. For the whole of 2019, the country's five automakers, including Hyundai Motor Co. and Kia Motors Corp., sold a combined 575,662 SUVs here, accounting for 38 percent of their domestic sales of 1,533,166 passenger vehicles, according to the carmakers' sales data. Their local sales fel
Jan. 9, 2020
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[CES 2020] Chung Euisun leads aggressive mobility drive with global firms
Hyundai Motor Group’s Executive Vice Chairman Chung Euisun has been highlighting the conglomerate’s transformation into a mobility solution provider by partnering with global firms in the industry. South Korea’s top auto group said Wednesday that it sealed a partnership with Uber at Consumer Electronics Show 2020 in Las Vegas, to develop an urban air mobility business and create “the world’s top personal air vehicle.” “Based on the collaboration with Ube
Jan. 8, 2020