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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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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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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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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Han Sung Motor sells artistic goods at Seoul Design Festival for donation
Han Sung Motor, an official local dealer of Mercedes-Benz in Korea, said it had sold artistic goods at its booth at the 2019 Seoul Design Festival to help children in need.The five-day annual event that kicked off on Dec. 4 involved rising artists and young designers as well as collaborative projects between art groups. Han Sung Motor participated by arranging a collaboration project between its Dream Gream scholarship students and local design studio Maeum.Dream Gream is a schol
Dec. 18, 2019
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Naver Financial attracts W800b investment from Mirae Asset
Naver Financial, a financial platform by South Korean internet giant Naver, has attracted an investment of about 800 billion won ($683 million) from its financial partner Mirae Asset, the company said in a regulatory filing on Friday. The investment will secure a stable financial structure for Naver Financial and forge a partnership between the two to take the lead in the country’s emerging “techfin” industry. Techfin refers to technology firms seeking to deliver financial prod
Dec. 13, 2019
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Hyundai Motor jumps into Indonesian ride-hailing market
Hyundai Motor said Friday it has delivered the first batch of 20 Ioniq EVs to Indonesia, entering the ride-hailing market in the Southeast Asian country in partnership with Grab. The South Korean carmaker and Grab will operate ride-hailing services in Jakarta with the electric version of the compact starting early next year. They plan to expand the number of vehicles in operation by the end of the year. The Ioniq EV is capable of running 271 kilometers per single charge. It can be recharged to 8
Dec. 13, 2019
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K5 preorders set new record for Kia
The number of all-new K5 preorders has set a fresh record of more than 16,000 units sold in just three weeks, Kia Motors said Thursday as it launched the third-generation of the popular sedan officially on the same day. The number of preorders the K5 received is the highest among vehicles launched under the Kia marque, the company said. “Of all customers who preordered the K5, 53 percent of them were in their 20s and 30s, demonstrating overwhelming support and attention from younger genera
Dec. 12, 2019
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Renault Samsung workers overturn wage deal, set for another strike
Overturning a wage deal clinched in June, unionized workers at Renault Samsung have voted to hold a sit-in protest, according to members of the union Wednesday, although the automaker said it would continue with the labor-management negotiations which kicked off in September. Of more than 2,000 unionized workers at the South Korean unit of the French automaker Renault, 66.2 percent voted to go on strike. The labor union and management had reached a wage deal on June 24, bringing an end to a
Dec. 11, 2019
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Mercedes-Benz Korea holds future mobility startup hackathon
Mercedes-Benz Korea said Wednesday it has kicked off its Connected Car Startup Hackathon, a competition between startups to develop connected car services for innovative future mobility.The 48-hour nonstop event is taking place at the EQ Future Pavilion set up by the automaker in Sinsa-dong, Seoul. Nine startups that develop and produce connected car technologies such as mobility, UX, maintenance and charging have made it to the final, the company said.The event was organized in a joint partners
Dec. 11, 2019
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[Behind the Wheel] Why Mercedes-Benz GLB has it all
MALAGA, Spain -- It may be difficult to have it all, but Mercedes-Benz’s new compact SUV lineup of the GLB has certainly tried its very best. It’s a luxury family car with enough spacious cabin room for a third row of seats. It has strong and adaptive suspension and an intelligent four-wheel system that increases driving pleasure even on curvy, steep and inclined mountain roads. Above all, the spirit of a traditional SUV is intertwined with the latest auto technology, including the a
Dec. 9, 2019
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Half of Hyundai, Kia cars sold in US are SUVs
More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since they launched operations in the world’s second-largest auto market, the companies said Sunday. Of the 1.2 million vehicles Hyundai and its smaller affiliate Kia sold as of November, 668,328 units or 55.4 percent of the total were SUV, from 30.9 percent in 2013. The number of SUVs sold by November already has surpassed the figure for las
Dec. 8, 2019
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Kia to accelerate sales in India as new plant kicks off
Celebrating the launch of its latest overseas plant in India, Kia Motors said Thursday it will expand its portfolio of “Made-in-India” products next year and introduce fully digitalized sales and service channels for customers.The South Korean auto giant officially opened its new production facility in Anantapur district in the state of Andhra Pradesh, built with an investment of $1.1 billion. It started operations in July rolling out the Seltos compact SUV, the company’s first
Dec. 5, 2019
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Hyundai Motor to invest W61.1tr for R&D, future tech under 2025 road map
Hyundai Motor said Wednesday it plans to invest 61.1 trillion won ($51 billion) in research and development and future technology by 2025, with the aim of transforming into a smart mobility solution provider. Under the Strategy 2025 road map, the automaker will foster smart mobility devices and smart mobility services as the two main pillars of its business.“The key to our future strategy is to focus on customers and to present the most desirable products and services. We want to offe
Dec. 4, 2019
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Mercedes-Benz Mobility Korea introduces long-term car rental program
Daimler Mobility -- a subsidiary of Daimler Group, which owns Mercedes-Benz -- officially kicked off operations in South Korea on Tuesday, offering a long-term car rental program. Mercedes-Benz Mobility Korea is the first of its kind globally and the fourth entity of the Daimler Group to launch operations in Korea. The company said it will offer a tailor-made mobility product under its concept of “mobility at your fingertips.”“We will offer one- to five-year long-term
Dec. 3, 2019
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Monthly sales of Renault Samsung’s QM6 surge 50% on-year
Renault Samsung, a South Korean subsidiary of the French carmaker, sold 5,648 units of its sport utility vehicle QM6 in November, up 50 percent from the same month last year, the company said Monday.It was the first time since 2016 that sales of the QM6 surpassed the 5,000 mark. It ranked second in the mid-sized SUV segment, after Hyundai Motor’s Santa Fe, added the company. Driven by growing interest in vehicles powered by liquefied petroleum gas, 3,626 units of the QM6 LPe were sold
Dec. 2, 2019
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7 importers to recall over 12,000 vehicles
Seven distributors of foreign car brands in South Korea are voluntarily recalling more than 12,000 vehicles over faulty parts, the Ministry of Transport said Monday.Audi Volkswagen Korea, FCA Korea, Porsche Korea, Scania Korea, Bike Korea, Moto Rossa and Hanbul Motor -- which imports Peugeot and Citroen vehicles -- will recall 12,053 units of 16 models.VW’s Tiguan was found to have a faulty air bag while Peugeot 5008 1.5 BlueHDi SUV reported problems with the spare tire holder. Defects in
Dec. 2, 2019
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Hanwha chief’s eldest son promoted to Hanwha Q Cells VP
Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-youn, has been promoted as the vice president of Hanwha Q Cells and Advanced Materials, the conglomerate’s solar panel maker.The 36-year-old chaebol scion has been serving as the chief commercial officer and a senior executive of Hanwha Q Cells for four years. Officials said he was promoted in recognition of his contributions in raising the company’s profile as the world’s leading photovoltaic panel manufacture. H
Dec. 2, 2019
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Han Sung Motor’s Dream Gream students to participate in Seoul Design Festival
A corporate social responsibility project by Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, will join the 2019 Seoul Design Festival that kicks off Wednesday for a five-day run.Taking place at Coex in southern Seoul, the annual event invites prominent designers, design brands and companies to exchange their artistic talents and to support local designers in making international debuts. Recipients of Han Sung’s Dream Gream scholarship program will demonstr
Dec. 2, 2019
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[Newsmaker] Tada claims legitimacy by adding mobile tech to existing service
Top executives of van-hailing service Tada, which is owned by car-sharing company SoCar, argued in court on Monday that their operations are fully within the ambit of current laws.They claimed during the first trial held at the Seoul Central District Court that the company has only upgraded an existing business model with a mobile application platform. SoCar CEO Lee Jae-woong and CEO Park Jae-wook of its subsidiary and Tada operator VCNC attended the trial after they were indicted by prosec
Dec. 2, 2019
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[Foreign Execs in Korea] Audi VW Korea gears up to regain market leadership
The two-year hiatus in South Korea where Audi Volkswagen Group held years of market leadership has been a lesson to reorganize its operational structure and restore strength for another leap forward, according to a top executive. Audi VW Korea Group Managing Director Rene Koneberg told The Korea Herald that the company is “back on the track” to regain market leadership next year, armed with a wide range of lineups and customer services reinforced in line with restoration of public tr
Dec. 1, 2019
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Hyundai Glovis enters used car, shipping markets in China
Hyundai Glovis said Thursday it has launched two joint ventures in China to make a foray into the local used car and shipping markets.The subsidiary of Hyundai Motor Group and Beijing Changjiu Logistics have set up two separate JVs -- Beijing Changjiu Glovis Automobile Service and Shanghai Changjiu Glovis Shipping. The two JVs will be launched early next year, the company said without disclosing the size of investments.The first JV seeks to target China’s growing secondhand car market, whi
Nov. 28, 2019
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Mercedes-Benz Korea delivers first new EQC
Mercedes-Benz Korea said Thursday that it has delivered its new EQC to the model’s first customer in South Korea. The vehicle, launched here Oct. 22, is the German carmaker’s first full electric vehicle under the EQ brand.The delivery ceremony at the EQ Future Pavilion in Seoul’s Sinsa-dong was attended by Lee Sang-kuk, vice president of sales at Mercedes-Benz Korea, and Mark Raine, the company’s vice president of products and marketing. They delivered the new EQC to
Nov. 28, 2019
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BMW vows to expand R&D center, partnerships with Korean firms
YEONGJONGDO, Incheon -- BMW Group Korea said Tuesday it will expand its research and development center in South Korea and increase its partnerships with local firms.BMW Finance board member Nicolas Peter told reporters that the German carmaker plans to strengthen its R&D center here by relocating and hiring 13 additional employees to have 29 staff in total.But the company did not clarify the exact scale or funding for the expansion.“We will invest in a new location for our R&D Cen
Nov. 27, 2019