Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Medical reform committee kicks off despite boycott from doctors
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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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Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Seoul to promote luxurious side of the city
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First-ever meeting of president, opposition chief set to finally happen
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[CES 2020] Hyundai foresees personal air vehicle by 2028
Hyundai Motor envisions a future of mobility where people can hop on a personal air vehicle and transfer to a specialized vehicle that doubles as a restaurant or even a clinic, its chief said Monday.Speaking at the annual Consumer Electronics Show in Las Vegas, Hyundai Motor Group Executive Vice Chairman Chung Euisun unveiled a smart mobility vision for hubs that link aerial vehicles with specialized ground transportation. “We have thought deeply about what is significant when it come
Jan. 7, 2020
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Volvo aims to sell 12,000 vehicles in S. Korea this year
Volvo Cars Korea said Tuesday it aims to sell 12,000 vehicles this year on higher demand for its SUVs.The 2020 sales target is 14 percent higher than the carmaker's sales of 10,570 vehicles last year, according to data from the Korea Automobile Importers and Distributors Association.Volvo's three best-selling models were the midsize XC60 SUV, the compact XC40 SUV and the S90 upper midsize sedan in 2019, driving up the annual sales result, the KAIDA data showed. The midsize S60 sedan and the V60
Jan. 7, 2020
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With Cherokee Trailhawk to debut this year, Jeep joins 10,000-unit club
American classic sport utility vehicle brand Jeep sold 10,251 units in Korea in 2019, joining the “10,000-unit club” here for the first time, the company said Monday. The 10,000-unit mark is a standard that measures whether foreign carmakers have made a safe landing here.According to Jeep, it saw a 35.1 percent increase in annual sales last year from the year prior, bringing it to seventh among foreign carmakers and second among imported SUV brands. It is the first time for the
Jan. 6, 2020
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Hyundai Motor rolls out upgraded Kona Electric 2020
Hyundai Motor said Monday it has launched Kona Electric 2020, an upgraded version of the country’s most-sold electric vehicle last year.A total of 13,587 units of Kona Electric were sold in the domestic market last year, maintaining its top position in the EV market for two years in a row. The automaker said all trims of Kona Electric 2020 have adopted 10.25-inch navigation, offering drivers with wider, clearer screen as well as various multimedia contents. The navigation program is
Jan. 6, 2020
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[Monitor] EV sales by Hyundai, Kia more than double
Hyundai Motor and its affiliate Kia Motors said they have seen their combined electric vehicle exports more than double last year.In 2019, the two carmakers exported 63,414 EVs, up from 27,798 units a year earlier.Their other eco-friendly vehicles including plug-in hybrid and fuel cell EV models also increased 16 percent to 226,581 units last year.Hyundai’s all-electric models include the Ioniq and the Kona Electric. Kia sells the Niro Electric and Soul electric boxcar in global markets. H
Jan. 5, 2020
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Airlines to expand number of flights ahead of Seollal
The country’s airlines are expanding their numbers of flights ahead of Seollal and throughout the holiday, industry sources said Friday. Seollal, the Lunar new year, is one of the biggest holidays in Korea. This year’s Seollal falls on Jan. 25, with the holiday running from 24th until 27th. Korean Air said it would add a total of 26 more domestic flights connecting Gimpo to Jeju, Cheongju to Jeju and Gimpo to Busan, from 23rd to 27th.Asiana Airlines said it will add 12 mor
Jan. 3, 2020
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Carmakers to launch new models in first half of 2020 to recover sales
Carmakers are rushing to launch new models in the first half of the year -- mainly market-dominating sport utility vehicles -- seeking opportunities to recover sales, according to industry sources.Hyundai Motor’s first-ever Genesis SUV GV80 opens up this year’s new vehicle lineup. The automaker released images of the luxury SUV GV80 on New Year’s Day, raising market expectations for the model set to debut in mid-January. The three-row SUV from Hyundai Motor’s l
Jan. 2, 2020
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Hyundai Motor unveils images of first Genesis SUV GV80
Hyundai Motor’s luxury brand Genesis unveiled its first sport utility vehicle on Wednesday, raising market expectations for the much-anticipated model set to debut in mid-January. The GV80, a three-row SUV, is the fourth model of the brand, which consists of the G70, G80 and G90 sedans. The “V” in its name represents the “versatile” aspect of the luxury SUV, while the number 80 indicates its large size, Hyundai Motor said. Under the design concept of
Jan. 1, 2020
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SUVs, EVs, luxury cars to again dominate auto market in 2020
After a bumpy year with flat consumer sentiment and global trade uncertainties, the automotive market is likely to face a similar business environment in 2020, with sport utility vehicles, electric vehicles and luxury cars remaining popular, according to market analysts.Hyundai Motor Group’s think tank for global business research and development center noted that the global auto market is estimated to record sales of 86.95 million units in 2019, down 5 percent from the previous year. This
Dec. 31, 2019
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[Newsmaker] Feud for helm of Hanjin Group intensifies
The family feud for the helm of Hanjin Group, the South Korean conglomerate that owns flag carrier Korean Air, appears to be intensifying as the chairman reportedly kicked up a storm at his mother’s house on Christmas.On Sunday, media outlets here reported that group Chairman Cho Won-tae visited the home of his mother, Lee Myung-hee, in the Jongno area of Seoul on Wednesday with his family. There, he reportedly broke a window and items in the house.The incident reportedly occurred because
Dec. 29, 2019
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Mercedes-Benz Korea launches S 560 e for diversified hybrid sedan choices
Mercedes-Benz said Sunday its luxury flagship sedan the new Mercedes-Benz S 560 e has landed in South Korea, as part of the efforts to diversify its plug-in hybrid sedan lineup here. The German automaker’s S-Class sedan is conspicuous by its long wheelbase, spacious interior, innovative suspension system and high fuel efficiency, being a 70-year-long steady-selling luxury sedan, Mercedes-Benz Korea said.With the third-generation plug-in hybrid new S 560 e launching in Korea, the company sa
Dec. 29, 2019
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[News Focus] With Asiana officially under HDC, financial improvement emerges as top priority
Following Asiana Airlines’ new owner Hyundai Development Company finalizing a stock purchase agreement with the air carrier’s parent company Kumho Industrial on Friday, market analysts viewed that the priority mission for HDC is to improve the financial status of the debt-ridden air carrier. In short, it may cost the firm more than the promised 2 trillion won ($1.73 billion). According to the HDC consortium, which includes Mirae Asset Daewoo that will take 15 percent stake, it clinch
Dec. 29, 2019
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BMW Korea wins lawsuit against government's emission-related fine
BMW Korea has virtually won a lawsuit against the over 60 billion-won (US$51.7) fine imposed by the government over the auto company's gas emission verification, sources said Saturday. In September, the Supreme Court of Korea convicted BMW Korea of illegally skipping the compulsory gas emission verification process and forging related documents in the period of 2012-2017, leading to the government's imposition of a 62.7 billion-won fine on the company. Protesting the decision, BMW Kore
Dec. 28, 2019
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HDC inks deal to acquire Asiana Airlines
HDC Hyundai Development Co., a midsized construction company, signed a deal on Friday to acquire Asiana Airlines Inc. as the South Korean builder strives to diversify its business portfolio.In their board meetings held early Friday, HDC and Kumho Industrial Co., a construction unit of Kumho Asiana Group, approved the deal.The signing comes after the consortium formed between HDC and Mirae Asset Daewoo was picked the preferred bidder last month to acquire a 30.77-percent Asiana stake held by Kumh
Dec. 27, 2019
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Hyundai’s mobility service venture Mocean Lab teams up with car rental association
Hyundai Motor Group said Thursday its affiliate Mocean Lab has joined hands with the country’s car rental business association to develop a mobility service ecosystem in the rental car market. The mobility service venture set up by the parent group of Hyundai Motor and Kia Motors has signed a memorandum of understanding with the Korea Rental Car Business Association for collaboration in the future mobility business. The association is the country’s largest group of car rent
Dec. 26, 2019
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[Newsmaker] Wi-Fi use latest hot spot of tension at Hyundai Motor
The latest bone of contention between the labor union and management at Hyundai Motor was unforeseen in a country that boasts one of the highest internet penetration rates -- Wi-Fi use.On Tuesday, the automaker changed its decision to allow employees to use Wi-Fi at its manufacturing plant in Ulsan, and placed restrictions on use only during meal times and break hours. The decision was taken after criticism that employees spent a lot of their time surfing the internet or watching YouTube vi
Dec. 24, 2019
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Hyundai's upgraded Grandeur gets more than 50,000 preorders in S. Korea
Hyundai Motor Co., South Korea's top automaker, said Monday its face-lifted Grandeur sedan has received more than 50,000 preorders in just over a month since the vehicle's launch at home. Hyundai said it received orders for 52,640 new Grandeurs as of last week since the preorders started on Nov. 3.Hyundai said consumers in their 40s were the biggest buyers of the upgraded Grandeur, as they accounted for 31 percent of the total preorders. They were followed by consumers in their 50s, who made up
Dec. 23, 2019
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Mahindra chief set to retire amid talks on fate of SsangYong Motor
Following the massive executive reshuffle at Mahindra & Mahindra, an Indian auto giant that acquired SsangYong Motor in 2010, market insiders are speculating whether it will hamper investments in its ailing South Korean subsidiary. According to the Indian company, current Chairman Anand Mahindra will complete his term and take over a non-executive role as a chairman of the board of M&M from April 1. The group said that he will serve as a mentor and the board’s managing director to
Dec. 22, 2019
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Hyundai Motor to present new mobility road map at CES 2020
South Korea’s largest automaker Hyundai Motor will present its new mobility road map at the annual Consumer Electronics Show 2020, the world’s largest consumer technology conference to be held in Las Vegas next month, officials said Friday.Releasing the teaser image of the human-centered mobility vision, the company envisioned the innovative mobility and consequent changes for dynamic future cities. The upcoming mobility vision comprises three key pillars, Urban Air Mobility, Purpose
Dec. 20, 2019
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Kia workers strike for higher wages
Unionized workers at Kia Motors Corp. on Wednesday began a partial strike for higher wages after rejecting the company's proposals last week.Kia's union said they held a four-hour strike on Wednesday and plan to walk out for eight hours on Thursday. On Friday, 56 percent of the union's 27,050 workers voted down the deal tentatively agreed between the company and the union on Dec. 10. Under the initial agreement, Kia offered to raise workers' basic monthly wage by 40,000 won (US$34) and pro
Dec. 18, 2019