Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Seoul alerts overseas missions to NK terror threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Volkswagen makes comeback with new Passat
Volkswagen Korea, the local importer and distributor of the German carmaker, resumes sales of its vehicles here next month, beginning with the new Passat GT that will open for preorders Thursday. Since its debut in 1973, Volkswagen has sold around 22 million units of the Passat. The new Passat GT is the eighth generation of the brand. “The latest model is expected to become a leader in the mid-size sedan segment here, as it is upgraded with completely new premium options and safety features,” th
Jan. 29, 2018
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Genesis G70 named car of the year
The Genesis G70, a sports sedan by Hyundai Motor, was named the car of the year by an association of South Korean reporters covering the auto industry Monday. The Korea Automobile Journalist Association tested 55 models that sold more than 300 units here in South Korea last year, conducting test drive sessions at a driving circuit to evaluate the overall performance of cars. Evaluation categories included maintenance, design, product quality, function and cost effectiveness, it said. Genesis G7
Jan. 29, 2018
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Hyundai, Kia fell behind global rivals in profitability last year: sources
Hyundai Motor Co. and its affiliate Kia Motors Corp. fell far behind global rivals in profitability last year due to a strong won and declining sales in China and the United States, industry sources said Sunday.For the whole of 2017, Hyundai Motor and Kia Motors posted operating profit margins of 4.7 percent and 1.2 percent, respectively, down 0.8 percentage point and 3.5 percent points from a year earlier, earnings data from the companies showed.The won's strength against the dollar and sharp s
Jan. 28, 2018
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Hyundai’s 2017 operating profit low due to THAAD, strong won
Hyundai Motor, the nation’s largest carmaker, saw its net profit last year hit the lowest mark in seven years, due to the strong Korean currency and sluggish sales in China.In a regulatory filing released Thursday, the carmaker posted 4.57 trillion won ($4.31 billion) for its 2017 operating profit, an 11.9 percent decrease from the previous year. It is the lowest figure since the company adopted International Financial Reporting Standards in 2010. (Yonhap)Its revenue last year rose 2.9 percent t
Jan. 25, 2018
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Hyundai Motor opens multicultural family center in Vietnam
Hyundai Motor has turned an old college building into a center for multicultural families in the Vietnamese city of Can Tho, to bridge the cultural gap and provide Korean language services, the company said Thursday.The center is a part of a 1 billion won ($943,000) project by the carmaker to help Vietnamese women who are married to, or plan to get married to, Korean men while they are in Vietnam and Korea, and also to support their economic independence later on. Hyundai Motor officials, commu
Jan. 25, 2018
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[Photo News] Sharing Burden
(From left) Hyundai Motor President Chung Jin-haeng, SMEs and Startups Minister Hong Jong-haak and Korea Foundation for Cooperation of Large and Small Businesses, Rural Affairs Secretary-General Kim Hyung-ho shake hands after signing a tripartite agreement to financially support the carmaker’s subcontractors following the government‘s plan to increase the minimum wage, in Seoul, Wednesday.Hyundai Motor
Jan. 24, 2018
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Jaguar SUVs ready to take on Korean streets
Riding on the popularity of the sport utility vehicle market, Jaguar Land Rover Korea plans to increase its presence in the local market by launching new SUV lineups this year.Since launching the midsized luxury SUV F-Pace in 2016, Jaguar has proved its market potential here. This year seems to be another milestone for the British brand, as it plans to unveil two new SUVs, one each in the first and the second half, completing Jaguar’s Pace lineup. E-Pace, a compact performance vehicle, is a foll
Jan. 24, 2018
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Korea to invest 11.9 billion won in unmanned vehicle sector in 2018
South Korea will invest 11.9 billion won ($11.1 million) in 2018 to develop unmanned vehicles, including the first passenger drones, the science ministry said Wednesday, as the country aims to emerge as a global leader in the sector, The Ministry of Science and ICT said the government finalized this year's plan to boost the development of future-oriented drones, self-driving cars, unmanned ships and agricultural machines.The ministry earlier designated the sector as one of the key strategic indu
Jan. 24, 2018
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[Herald Interview] ‘Robo taxis to transform auto industry’
LAS VEGAS -- Consumers have witnessed massive changes in the tech industry in the last decade, with innovative concepts and technologies that, for instance, have combined a camera, the internet and phone into a single palm-sized device. Similar yet more transformative change is likely to begin, with self-driving vehicles in such forms as robo taxis that will hit the road in the next decade, according to a US developer of operating systems for autonomous cars.Robo taxis, or robo cabs, refer to se
Jan. 23, 2018
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Mercedes-Benz Korea to roll out 20 models in 2018
Mercedes-Benz Korea, the local importer and distributor of the German automaker, will launch 20 models, including two plug-in hybrids, this year, with an aim to sell over 70,000 units, the company said Monday.“All-time best performance was achieved through active investment and effort to provide differentiated customer experience in 2017,” said Mercedes-Benz Korea CEO Dimitris Psillakis during the New Year’s conference held at Hotel Shilla in central Seoul.“It will not be easy to maintain the gr
Jan. 22, 2018
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Hyundai ranks as No.1 CSR company in China
Hyundai Motor, South Korea’s top automotive company by sales, ranked No. 1 in terms of contribution to society in China last year, the company said.This marks the first time that a foreign-based company has been selected first place since the Chinese government began compiling the annual list in 2014. Hyundai scored 91.33 points out of 100 in 2017 and came in first place out of 300 companies operating in China, the company said.“Hyundai Motor Group is an exemplary company, continually carrying o
Jan. 22, 2018
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Cadillac reaps record sales in Korea last year
Cadillac of GM Korea said Friday it had marked the largest-ever yearly sales record in Korea, selling 28,000 units, and aimed to focus on quality growth through new releases and reinforced services this year.“2017 was a special year that can even be described as an inflection point in the history of Cadillac’s entry into South Korea,” Kim Young-sik, president and representative director of Cadillac, said in a press conference in Seoul. Cadillac entered Korea in 1996.Cadillac Escalade (Yonhap)“Th
Jan. 19, 2018
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Mercedes-Benz’s EQ makes Korean debut
Mercedes-Benz’s electric vehicle sub-brand EQ has made Korean debut on Friday, by displaying its plug-in hybrid SUV at the new terminal of Incheon International Airport. Mercedes-BenzThe 2018 GLC 350e 4Matic SUV is the first plug-in hybrid from EQ to enter Korea. The name EQ signifies “Electric Intelligence” and is derived from the Mercedes-Benz’s brand values of “emotion and intelligence,” the company said. “What EQ aims for is the smart mobility, the vision which we wanted to share with public
Jan. 19, 2018
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Hyundai, Kia see record-high new car registrations in Europe 2017
Hyundai and Kia Motors, South Korea’s top two automotive companies by sales, posted a record-high 995,383 units of newly registered vehicles in Europe last year, industry data showed Thursday.The combined number of newly registered cars made by the two companies rose 5.8 percent on-year in 2017 to 995,383 units from 940,693 units in the previous year, according to data from the European Automobile Manufacturers Association (ACEA). Registrations of Kia Motors’ cars jumped 8.5 percent on-year to 4
Jan. 18, 2018
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Hyundai Motor Group moves to improve shareholder rights
Hyundai Motor Group has decided to select a director representing shareholders out of candidates recommended by shareholders, seeking to boost shareholder’s rights and interest, the group said Thursday. Under the new system, stockholders here and overseas can recommend candidates through a website to the board dedicated to transparent management.Previously, an outside director in the board responsible for transparent management was chosen to represent shareholders, Hyundai Motor said.The nominat
Jan. 18, 2018
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Hyundai Motor vice chairman pledges W23tr investment in new businesses
YONGIN, Gyeonggi Province -- Hyundai Motor Vice Chairman Chung Eui-sun on Wednesday met with Finance Minister Kim Dong-yeon, pledging to invest some 23 trillion won ($21.6 billion) and hire 45,000 workers across its five new growth engines in the next five years.The five areas are automated and connected vehicles; smart cars; robot and artificial intelligence; future energy; and startups.“Hyundai Motor will try harder to secure future growth engines and to provide more opportunities for subcontr
Jan. 17, 2018
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Concept cars from Japan automakers offer glimpse into future
DETROIT — Japanese vehicle brands are exploring new design ideas — and figuring out what sets them apart from their US and European rivals — with new prototype vehicles.Nissan, Infiniti and Lexus are all unveiling new concept cars at the Detroit auto show, which opens to the public Saturday. Infiniti`s Q Inspiration concept appears on display at the North American International Auto Show, Tuesday, Jan. 16, 2018, in Detroit. (APConcepts are used to test ideas and see how show visitors react. Some
Jan. 17, 2018
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GM denies linking investment plan to state support
GM Korea on Tuesday denied local reports that Barry Engle, president of General Motors International, had proposed an investment scheme to the Seoul government worth some $1 billion in exchange for increasing production at a local plant during his visit last week.“President Barry Engle met related officials to discuss the future of GM Korea. We continue to work with key stakeholders to turn around our financial performance,” said a spokesperson of GM Korea. “However, there were no financial inve
Jan. 16, 2018
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[Herald Interview] Pyeongtaek Port seeks to develop independent profit model
As the only global trade port in Gyeonggi Province and a gateway to South Korea, Pyeongtaek Port has been logging rapid growth particularly in trade with China. And standing in the vanguard for the port’s exemplary buildup is Gyeonggi Pyeongtaek Port Corp.Despite being relatively “young” port, established in 2011, Pyeongtaek Port currently is the top port in export and import volumes of automobiles in the country and is now looking to expand its connections to Southeast Asia.Leading such venture
Jan. 16, 2018
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[Photo News] BMW Korea hosts 5th Young Engineer Dream project
Students participate in the 5th Young Engineer Dream project hosted by the BMW Korea Future Foundation at its driving center on Yeongjongdo in Incheon last week. The three-day program was held to help students explore career paths, while introducing them to the history of BMW and Mini, as well as the carmaker‘s crucial technologies. (BMW Korea)
Jan. 15, 2018