The Korea Herald

Global air traffic won’t return to pre-pandemic levels until 2024: IATA

Jul 29, 2020

The International Air Transport Association says air travel will take four years for a full recovery as a second wave of pandemic looms large and consumer confidence tumbles, pushing its previous pro...
Korean Air named world’s third-best airline by TripAdvisor

Jul 29, 2020

Korean Air has been selected as the third-best airline in the world by TripAdvisor’s 2020 Travelers’ Choice Awards. The annual awards, based on reviews and scores collected via the website, also nam...
[Behind the Wheel] Mercedes-Benz’s upgraded AMG GT gives more invigorating drive

Jul 29, 2020

YONGIN, Gyeonggi Province -- “The ultimate sports car, spearheading AMG family. I love to call it our street legal racing machine.” Mark Raine, vice president of product & marketing at Mercedes-Benz...
[Monitor] Hyundai, Kia’s accumulated car sales surpass 130 million units

Jul 29, 2020

Fifty-eight years since they were founded, Hyundai Motor and Kia Motors have sold a total of over 130 million vehicles as of last month, latest data showed last week. The accumulated number of vehic...
Ssak3 ride helps Volvo lure younger drivers

Jul 28, 2020

The global carmaker Volvo is rejuvenating its brand image in South Korea via successful collaborations with popular dramas and variety shows. In the currently airing tvN drama “It’s Okay to Not Be O...
Rise in domestic travel helps smaller airlines

Jul 28, 2020

Budget airlines turn to in-country flights to cope with impact of coronavirus
Hyundai Motor seeks to acquire GM plant in Russia

Jul 28, 2020

Hyundai Motor confirmed Tuesday it is seeking to acquire General Motors’ production facility in St. Petersburg, Russia. “We are discussing acquisition of the plant with GM,” a Hyundai official said....
Taihan secures W92.5b power grid project in the UK

Jul 27, 2020

Taihan Electric Wire said Monday it has signed a 92.5 billion won ($77.3 million) contract with the UK’s National Grid to supply underground cables and accessories for the London Power Tunnel 2. It ...
Pessimism soars over HDC-Asiana deal

Jul 27, 2020

Market pessimism over HDC Hyundai Development Company’s purchase plan of the country’s second-largest airline grew Monday, with Asiana Airlines stocks plunging. Shares of the airline closed at 3,560...
FCA Korea chief suspended over sexual harassment allegations

Jul 27, 2020

Fiat Chrysler Korea confirmed Monday that President Pablo Rosso has been suspended following allegations of sexual harassment, verbal abuse and assault. To ensure the integrity of the investigation ...
Samsung Heavy seeks 3D design approval from ABS

Jul 27, 2020

Samsung Heavy Industries said Monday it has become the first shipbuilder to seek approval for its 3D model-based ships from American Bureau of Shipping. ABS sets standards for safety and excellence ...
S. Korea's H1 auto output hits 11-year low amid coronavirus

Jul 27, 2020

South Korea's auto output sank nearly 20 percent to an 11-year low in the first half of the year due to the coronavirus outbreak, industry data showed Monday. Industry leader Hyundai Motor Co. and f...
HDC calls for repeat of due diligence on Asiana to break deadlock

Jul 26, 2020

HDC Hyundai Development Co. on Sunday called for an additional round of due diligence on Asiana Airlines as it reaffirmed its interest to close the $2.2 billion deal to take over the country’s second...
[Behind the Wheel] Renault Samsung’s SM6 returns with more power

Jul 26, 2020

For the revamp, Renault Samsung said it spent 230 billion won ($192 million), and 3 1/2 years for its development. The automaker said it conducted numerous surveys to receive opinions from customers ...
Jeju Air pulls plug on Eastar Jet with nowhere to go

Jul 23, 2020

High-profile M&A deal falls apart, further dampens mood of aviation industry