Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Medical feud leaves hospitals in financial crisis
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Probe of first lady on Dior bag allegations set to begin
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'Queen of Tears' riding high on Netflix chart
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Samsung mocks Apple over iPhone alarm glitch
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S. Korea calls for auto tariff relief from US
South Korea's finance minister called Friday for an exemption from US tariffs on South Korean automobiles as he expressed deep concerns about an ongoing US probe.Hong Nam-ki, the minister of economy and finance, made the appeal in a meeting with US Ambassador to South Korea Harry Harris at the government complex building across from the US Embassy in central Seoul, according to the finance ministry. Hong Nam-ki (L), the minister of economy and finance, shakes hands with US Ambassador to South Ko
Jan. 11, 2019
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Posco chief says no plans for overseas investment in steel sector
The head of the nation’s largest steelmaker Posco said he has no plans to make additional investment overseas in the steel sector this year but will focus on securing natural resources needed for its lithium-ion battery business touted as the company’s new growth engine.“With regard to steel, (I) don’t have any plans for making additional investment or (pursuing) mergers and acquisitions overseas,” said Posco Chairman Choi Jeong-woo in a brief meeting with reporters Thursday. “As for the new bus
Jan. 11, 2019
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[Herald Interview] Rolls-Royce Motor CEO attributes record sales to Asia, Korea
Strong business growth in Asia was behind the record-breaking sales of British luxury carmaker Rolls-Royce last year, particularly in China and South Korea, its head said in an interview with The Korea Herald. “Our growth was fueled by a strong Asian business and a Korean business. We have seen an uptake in your market by around 40 percent compared to the year 2017 and for that reason I am very satisfied with the results,” said Torsten Muller-Otvos, chief executive officer of Rolls-Royce Motor C
Jan. 10, 2019
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Apple thanks Korean police for seizing fake accessories
US tech giant Apple is planning to present a plaque to officers at a local police unit to express its gratitude for their efforts to prevent the sale of fake accessories worth 1 billion won ($892,000), sources told The Korea Herald on Wednesday.As a token of thanks, Donald Shruhan, senior regional director for Apple’s Asia-Pacific operations, will visit the Bucheon Sosa Police Station in Bucheon, Gyeonggi Province, on Friday to deliver a plaque of appreciation to investigators who arrested local
Jan. 9, 2019
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Hyundai unveils world’s first holographic AR navigation system
South Korean auto giant Hyundai Motor has unveiled the world’s first holographic augmented reality navigation system equipped on its luxury sedan Genesis G80 in partnership with Swiss startup WayRay, the company said Wednesday.Introduced at the Consumer Electronics Show being held in Las Vegas, the holographic AR navigation technology delivers driving guidance by projecting navigational alerts through the windshield onto the road, the company said. A holographic augmented reality navigation syst
Jan. 9, 2019
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Hyundai, Kia, Genesis win eight Good Design Awards
Hyundai Motor said Friday that eight cars from Hyundai Motor and its sister company Kia Motors, as well as its premium brand Genesis, won 2018 Good Design Awards.According to the carmaker, its Le Fil Rouge, Santa Fe, Kona, Solati Moving Studio, Kia Motor’s K3 and K9 and Genesis’ Essentia Concept and G70 were awarded in the category of transportation design. This marks the ninth consecutive year Hyundai vehicles have been recognized with the honor.Jointly presented by the Chicago Athenaeum Museum
Jan. 4, 2019
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Rexton Sports returns with wider utility deck
SsangYong Motor unveiled its upgraded pickup Rexton Sports Khan on Thursday, targeting drivers keen on outdoor activities and leisure sports. The main difference between the previous Rexton Sports and the new Rexton Sports Khan is a 310-millimeter-longer utility deck and improved loading capacity, the company said. SsangYong Motor’s Rexton Sports Khan is displayed in Seoul on Thursday. (SsangYong Motor)The longer body Rexton Sports Khan has 24.8 percent increased deck space that can be loaded w
Jan. 3, 2019
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Here’s what to expect in Korea’s green car market in 2019
After commanding significant attention last year, green cars are set to expand their presence in the auto industry even further this year thanks to higher government subsidies and the plans of import carmakers to release new eco-friendly models.Green cars, often considered to offer good value for money while minimizing harm to the environment, are looking even more promising both in terms of stronger performance and sleeker designs. Kia Motors` Soul EV (Kia Motors)The number of eco-friendly cars
Jan. 2, 2019
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Hyundai Motor to run robo taxi pilot in 2021 in Korea
South Korean auto giant Hyundai Motor will start pilot operation of robo cabs here in 2021, part of a drive to become a smart mobility service provider, its chief said Wednesday.In a noticeable change for the 51-year-old car manufacturer, the conglomerate’s Executive Vice Chairman Chung Eui-sun said he would seek partnership with global leading companies to develop eco-friendly robo taxis that were both “safe and innovative.” Hyundai Motor Group Executive Vice Chairman Chung Eui-sun addresses th
Jan. 2, 2019
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[Newsmaker] SsangYong Motor reinstates 71 workers, ends decade of labor-management conflict
SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra, reinstated on Monday 71 employees and hired 34 new workers as a follow up measure of the September agreement ending a decadelong conflict between labor and management.“The decision to reinstate the workers was made to deal with the production of the long-body version of Rexton Sport and succeeding model of Korando C named C300 alongside reduced work hours,” the company said in a statement.In late September, four parti
Dec. 31, 2018
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8 new cars secure govt. interior air quality approval
Eight new cars released in South Korea by local manufacturers this year secured governmental approval for their interior air quality, a report showed Monday.The Ministry of Land, Infrastructure and Transport said new vehicles produced and sold in the country were found to be safe from seven hazardous elements, including formaldehyde and toluene. (Yonhap)The cars that passed requirements are Hyundai Motor Co.'s G70, Santa Fe and Veloster; Kia Motors Corp.'s K3, K9 and Stonic; Renault Samsung's QM
Dec. 31, 2018
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Samsung No. 1 in number of patents filed for self-driving cars
Samsung Electronics Co. filed the largest number of patents related to self-driving cars in Europe, data showed Monday, far above traditional automobile manufacturers.According to the data compiled by the European Patent Office, the number of applications related to self-driving cars filed in Europe came to 3,998 in 2017, growing more than threefold from 922 tallied in 2011. (Yonhap)Over the 2011-2017 period, Samsung Electronics held the most patents at 624, trailed by US IT giant Intel Corp. w
Dec. 31, 2018
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SsangYong offers safe passage with 4WD SUVs
SsangYong Motor’s four-wheel-drive G4 Rexton is perfect for winter sports and travel, the company said Sunday, citing its electronic stability program and the body-on-frame structure designed to ensure safety even on slippery roads.Not only the premium SUV G4 Rexton, but all the SUVs in the carmaker’s lineup -- including the Tivoli and the Rexton Sports -- provide comfort and safety for winter travelers thanks to “4Tronic” technology, which powers all four wheels so that they move forward on icy
Dec. 28, 2018
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Hyundai to launch Kona Iron Man edition in January
South Korea’s leading automaker Hyundai Motor will start global sales of its limited-edition Kona Iron Man, inspired by the Marvel character, next month, the company said Thursday.A total of 7,000 units of the special-edition model will go on sale in countries including the United States, China and those in Europe, with 1,700 allotted solely for Korea. This is the world’s first vehicle incorporating a Marvel character theme, under the company’s partnership with Marvel signed in 2015, Hyundai sai
Dec. 27, 2018
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Hyundai, Kia sweeps Korea NCAP
Hyundai Motor and Kia Motors, which combined form the world’s fifth-biggest carmaker, swept awards at the Korea New Car Assessment Program 2018, with Hyundai’s Nexo hydrogen fuel cell vehicle taking home three awards, the companies said Wednesday.At Korea NCAP, managed by the Transport Ministry, the Nexo sport utility vehicle took first in three categories -- midsize SUV, environmentally friendly car and child protection -- and dispelled worries that the hydrogen tank positioned at the back of t
Dec. 26, 2018
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Korea confirms BMW’s defective EGR cooler as cause of car fires
South Korea’s Transportation Ministry confirmed Monday the cause of BMW engine fires that sent jitters across the country this summer was the faulty exhaust gas recirculation cooler, and slapped an 11.2 billion won ($9.9 million) fine on the German carmaker for concealing and downplaying the defect. The investigation team consisting of government officials and auto professionals released the final result, including plans to file criminal charges against the German luxury automaker and for the ad
Dec. 24, 2018
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Large sedans, SUVs gain popularity amid weaker demand for smaller cars: data
South Korea's domestic car market moved in two different directions this year with the rise in popularity of large sedans and sport utility vehicles standing in contrast to weaker demand for smaller vehicles, industry data showed Sunday.In the January-November period, Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. sold a combined 698,326 units, up 0.3 percent from 696,403 cars sold a year earlier, the data showed. (Yonhap)It said demand fo
Dec. 23, 2018
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After months of debate, GM Korea to launch R&D unit next month
GM Korea’s new research and development entity, dubbed GM Technical Center Korea, is expected to officially launch early next year, after its second-largest shareholder gave the green light despite strong opposition from its union, the company said Friday.The local unit of US auto giant General Motors said in an official notice that the “due date for the spinoff has been decided as Dec. 31 at a board meeting held on Dec. 18, and registration is slated for Jan. 2.” (Yonhap)Roughly 3,000 workers
Dec. 21, 2018
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GM Korea to launch research spin-off unit early next year
GM Korea, the South Korean unit of General Motors Co., said Friday that it plans to launch a separate R&D company early next year after completing the necessary procedures.Early this week, GM Korea held a shareholders meeting to approve the plan as the Korea Development Bank, the second-biggest shareholder in GM Korea, backed the carmaker's plan to spin off a research unit in a reversal of the state lender's opposition to the plan. (Yonhap)In a regulatory filing, GM Korea said the research unit,
Dec. 21, 2018
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KAI apologizes, vows thorough inspections after chopper crash
Korea Aerospace Industries, the nation’s sole aircraft manufacturer, said Friday that it would accept the findings of an investigation identifying a defective part as the cause of a Marine Corps chopper crash in July.After a monthslong probe, a team of civilian, government and military experts said a defective rotor mast on the Marineon chopper had caused the crash that killed five military personnel. (Yonhap)The chopper crashed after the main rotor became detached from the airframe due to a cra
Dec. 21, 2018