Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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Hyundai, Kia to operate regional headquarters from July
Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday that their regional headquarters in North America, Europe and India will be making key decisions going forward to better meet local market demands.Starting on July 2, Hyundai's regional headquarters in the three regions and Kia's offices in North America and Europe will begin work in earnest, with top managers allowed to take charge of matters involving local output and sales networks, Hyundai Motor Group said in a statement. (Yonh
June 18, 2018
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Benz Korea reveals new CLS coupe, aims to sell over 2,300 units
Mercedes-Benz Korea, the local unit of the German luxury carmaker, revealed its first five-seater CLS coupe in six years in Seoul on Monday, seeking to inch closer to this year’s goal of selling over 70,000 cars for the first time among import carmakers.Riding on demand for CLS coupes here, Benz Korea hopes to sell more than 2,300 units of the new CLS this year, surpassing last year’s performance when South Korea was the second bestselling market for CLS worldwide after China.The third-generatio
June 18, 2018
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GM Korea on path to posting notable sales recovery in June
GM Korea, the local unit of the US carmaker, is seeking to regain its rank as the No. 3 bestselling local carmaker here this month on demand for new models and financial support from related parties to stabilize its financial conditions, the company said Friday.GM Korea is hoping to sell more than 10,000 units in June for the first time this year and regain its position as the third top-selling local carmaker here after Hyundai and Kia, based on 3,000 vehicles sold here in the first ten days of
June 15, 2018
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Re-elected Seoul mayor likely to ban old diesel cars in city center
After a sweeping election victory by the Democratic Party of Korea, leaders of municipalities are likely to push ahead with an administrative drive to ditch old diesel cars and boost electric vehicles as part of their campaign pledges.Re-elected Seoul city major Park Won-soon vowed during his campaign that he would classify vehicles in five different groups based on the amount of emissions and make an alternative-day-no-driving system mandatory. Park said incentives would be given to vehicles em
June 14, 2018
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Hyundai Motor to sponsor La Liga’s Atletico Madrid
Hyundai Motor has become a global automotive sponsor for La Liga’s leading football club Atletico Madrid, stepping up sports marketing efforts in Europe, the company said Thursday.The sponsorship deal was announced just days after the automaker revealed its partnership with Chelsea FC.Until 2021, Hyundai’s logo will appear on the sleeve of the football club’s uniform, alongside advertising boards in its stadium. Hyundai will also be given the rights to display its vehicles at Atletico Madrid’s h
June 14, 2018
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Hyundai, Kia step up cooperation with Chinese IT firms for future mobility
South Korea’s largest carmaker Hyundai Motor has signed a partnership with Chinese artificial intelligence startup DeepGlint, as part of measures to beef up “open innovation” with startups in future mobility, the company said Wednesday.The deal was revealed by Hyundai Motor heir apparent Chung Eui-sun at the annual CES Asia 2018 underway in Shanghai, China, for three days until Friday. Chung was making a public appearance for the first time since the conglomerate dropped plans for governance ove
June 13, 2018
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Hyundai flags eight wins at international motorsports competitions this year
Hyundai Motor is poised to become a leading automaker in motorsports, sweeping eight wins at the World Rally Championship and World Touring Car Cup so far this year, the company said Tuesday. The latest victory scored by Thierry Neuville, driver of Hyundai WRC team, came last week at the seventh round of the 2018 WRC in Italy.“The rally in Italy was fantastic. We were able to reap a notable record thanks to Hyundai’s outstanding i20 rally car and team members,” said Michele Nandan, the head to H
June 12, 2018
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Hyundai signs partnership with EPL Chelsea FC
Hyundai Motor, South Korea’s leading automaker, has become an official global automotive partner of top Premier League Chelsea football club, the company said Tuesday. Hyundai’s logo will appear on advertising boards in the stadium, and Hyundai’s vehicles displayed at the club’s home stadium Stamford Bridge.Chelsea players will also wear jerseys with Hyundai’s logo embedded on the left sleeve for the next four years starting August this year, when the new season begins, the company said. (from l
June 12, 2018
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South Korea’s gas price hike to boost green car sales
Amid instabilities surrounding oil-exporting countries, gas prices in Korea have risen for eight weeks in a row and averaged 1,610 won ($1.50) per liter as of Monday, industry figures showed.According to gas price information provider Opinet, gas prices in Korea averaged 1,610 won per liter at the start of the week, retaining the highest rate since December 2014.At stations across Seoul, the average cost of gas surged to 1,696 won, up 0.19 percent from the previous day. The most expensive statio
June 11, 2018
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Hyundai Mobis invests W1.4b in self-driving software training
Hyundai Mobis has started a software training program at a cost of 1.4 billion won ($1.2 million) at its research center in Yongin, Gyeonggi Province, to beef up its automotive software professionals by five times by 2025, according to the firm on Sunday.The auto parts unit of Hyundai Motor Group said it has widened the role of its research and development centers in India and Vietnam to serve as a global base to analyze information collected by the firm’s self-developed automated vehicle.“In th
June 10, 2018
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[Busan Motor Show] GM Korea seeks turnaround next year
BUSAN -- GM Korea, the local unit of the US auto giant, said Thursday it expects to make a turnaround next year on newly launched cars centered on sport utility vehicles.“I’m confident to say that we have landed on significant agreement with all our stakeholders that enables us to move forward. I’d like to think that we can try to get to profitability as soon as next year,” GM Korea chief Kaher Kazem said during a meeting with reporters at the Busan motor show. GM Korea CEO Kaher Kazem answers q
June 8, 2018
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[Busan Motor Show] Benz premieres E 300 e, Audi vows to revive sales
BUSAN -- Major imported car makers are showcasing their green car lineups and future eco-friendly vehicle plans at the ninth Busan International Motor Show that opens this week, aiming at the steadily growing local market.Highlighting the event was the world premiere by Mercedes-Benz Korea, which unveiled the plug-in hybrid version of its top selling 10th generation E-class, named the new E 300 e.The automaker also revealed the concept EQA, the first compact-sized electric vehicle under the EQ E
June 7, 2018
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[Busan Motor Show] Hyundai debuts second design concept car
BUSAN -- Hyundai Motor, South Korea’s leading automaker, unveiled for the first time its second design concept car, dubbed HDC-2 Grandmaster Concept, at the Busan International Motor Show opening this week, and introduced details for the high performance N brand.Portraying the direction of Hyundai’s future design strategy, the second design concept that takes the form of a sport utility vehicle is aimed to display “sensuous sportiness,” the automaker said.The unveiling took place on Thursday, a
June 7, 2018
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[Busan Motor Show] Benz to debut EQ model; Audi, GM seek turnaround in local sales
With one of the biggest auto industry events in South Korea kicking off this week, the spotlight of the 2018 Busan International Motor Show will be on the world premiere of Mercedes-Benz’s EQ model and Hyundai Motors’ large sport utility vehicle concept.Held under the slogan “Beyond Innovation, Into the Future” the 10-day event opens Friday and runs through June 17 in the southeastern port city of Busan, with some 15 automakers displaying over 200 models, event organizer Busan Exhibition & Conve
June 6, 2018
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Hyundai seeks breakthrough with Gwangju plant
Amid concerns of South Korea’s auto industry losing competitiveness due to high labor cost and low efficiency, Hyundai Motor and the Gwangju Metropolitan City Government have begun discussing a joint factory in Gwangju.Nine Hyundai working-level officials visited Gwangju earlier this week to inspect the site of the factory that is expected to complete construction by 2020. When built, it would create over 12,000 new jobs in the city, while lowering production cost for automakers by lowering wage
June 5, 2018
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Hyosung launches holding company, 4 affiliates
South Korean textile giant Hyosung officially launched a holding group and four affiliates on Friday to improve transparency in management and corporate governance, officials said Sunday.In the first major change in decades, the textile company will have four operations under a control tower, Hyosung Corp. The CEO post of the holding company will be shared by Hyosung Chairman Cho Hyun-joon and President Kim Kyu-young. President Cho Hyun-sang, the chairman’s younger brother, was named boardroom m
June 3, 2018
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Seoul still in talks with GM over future of Korean unit, minister says
The South Korean government is still closely working with GM on how to revive its Korean unit as the US carmaker is set to shut down one of its four plants in Asia's fourth-largest economy, Seoul's commerce minister has said.The Detroit-based company announced a restructuring plan for GM Korea in February, including the shutdown of a plant in Gunsan, southern South Korea.After wage concessions with GM Korea's labor union and intense negotiations with the Korean government, GM and the state-run K
May 30, 2018
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BMW Korea vows co-prosperity, sustainable growth
BMW Korea said Monday it would continue its efforts in sustaining growth and seeking co-prosperity with the community. From social responsibility programs to direct investment, the local branch of the German carmaker will inject 1 trillion won ($927.2 million) and buy 10 trillion won worth of auto parts from local partners. Trainees of Ausbildung, the German educational program nurturing technical professionals, pose in this undated photo. BMW Korea sponsors the vocational training program.(BMW
May 29, 2018
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Hyundai Mobis named top supplier to GM
Hyundai Mobis, an auto parts maker under Hyundai Motor Group, was picked as one of top suppliers to US carmaker GM for the first time since their partnership has begun in 2010, the company said Tuesday. Hyundai Mobis` test driving track in Seosan (Hyundai Mobis)The Korean company has been delivering core auto components including integrated center stacks to GM. The accumulated value of products supplied to the US carmaker has totaled $1.1 billion, it said.Named the supplier of the year by the De
May 29, 2018
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[Behind the Wheel] New GLC plug-in hybrid is more about performance than being green
SEOGWIPO, Jeju -- The New GLC 350 e 4MATIC, the first Mercedes-Benz SUV under the EQ brand, has landed in Korea aiming to get a foothold in the market’s fast-growing green sector. Despite its green ambition, the plug-in hybrid SUV disappoints in regard to its driving range of a maximum of 15 kilometers on pure electric power. However, what the vehicle really wants to prove is its performance, rather than its greenness, through the latest hybrid technology that completes its dynamic yet reliable
May 28, 2018