Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Inflation eases in April, continues bumpy ride
-
3
Golden chance to liquidate babies’ gold rings?
-
4
Seoul to more than double military drones by 2026 to counter NK threats
-
5
Seoul alerts overseas missions to NK terror threats
-
6
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
7
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
8
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans
-
Hyundai Motor denies possible technical partnership with FCA
Hyundai Motor, South Korea’s leading automotive company, on Sunday rejected Fiat Chrysler Automobiles CEO Sergio Marchionne’s comments that the two are discussing about a technical partnership.“Hyundai is not is in talks with FCA over a partnership on hydrogen propulsion,” the spokesperson of Hyundai Motor told The Korea Herald. Marchionne said at the Alfa Romeo Museum in Arese, Italy on Saturday, local time, “There is the potential of a technical partnership with Hyundai, which already supplies
Dec. 3, 2017
-
Hyundai Rotem signs W900b deal with Iran for rail cars
Hyundai Rotem, a tank and train-making affiliate of Hyundai Motor Group, signed a business agreement worth some 900 billion won ($831.1 million) with Iran for passenger rail cars production, the company said Sunday. Iran’s state-run rail Iranian Rail Industries Development and Hyundai Rotem will manufacture 450 diesel-powered rail cars for commuters in the next 78 months. (Hyundai Rotem)The diesel cars will run about 960 kilometers, connecting the capital Tehran and its suburbs, the company said
Dec. 3, 2017
-
Carmakers' Nov. sales fall 12% on weak overseas demand
South Korea's five carmakers said Friday their combined sales fell 12 percent last month from a year earlier mainly due to weak overseas demand. The five automakers -- Hyundai Motor, Kia Motors, GM Korea, Renault Samsung Motors and SsangYong Motor -- sold a combined 762,967 vehicles in November, down from 868,842 units a year earlier, according to the companies' sales data. (Yonhap)Their domestic sales declined 3.1 percent to 140,342 autos last month from 144,814 units a year ago. Overseas sale
Dec. 1, 2017
-
Posco Daewoo signs $60m deal in Pakistan
Posco Daewoo, the trading arm of the South Korean steel giant, has signed a $60 million contract with a Pakistani paper manufacturing company, it said Thursday.Under the deal, Posco Daewoo will supply plant equipment to Century Paper & Board Mills, one of the largest paper making companies in Pakistan. Posco Daewoo CEO Kim Young-sang (left) shakes hands with Century Paper & Board Mills President Iqbal Ali Lakhani, after signing a $60 million contract in Karachi, Pakistan, Wednesday. (Posco Dae
Nov. 30, 2017
-
Kia Motors’ Stinger shortlisted for 2018 North American Car of the Year
(Yonhap)Kia’s Stinger sports sedan has been shortlisted as one of three finalists for the 2018 North American Car of the Year, the company said Thursday. The other two finalists are Honda Motor’s Accord sedan and Toyota Motor’s Camry sedan.The final result will be announced at the Detroit motor show in January. Kia Motors’ Stinger is the sixth model of Hyundai Motor Group to be listed as a finalist for the award. The group’s luxury sedan Genesis was its first model to be among the finalists, fol
Nov. 30, 2017
-
Mercedes-Benz bets on AMG models in Korea
Mercedes-Benz said Thursday it sees big growth potential in South Korea's high-performance vehicle market as local customers respond to distinct products and services. In a press conference held in Seoul to introduce a series of new models, Mercedes-Benz Korea President and Chief Executive Dimitris Psillakis said the German carmaker will provide "differentiated services" through its performance-based AMG models to meet the needs of customers in South Korea's rapidly growing performance car marke
Nov. 30, 2017
-
[Photo News] Mercedes-Benz Korea celebrates AMG's 50th anniversary
50TH ANNIVERSARY -- Mercedes-Benz Korea CEO Dimitris Psillakis introduces the latest Mercedes-Benz AMG models and services at the event held to celebrate the 50th anniversary of the German luxury automaker‘s iconic performance division AMG in Seoul on Thursday. (Mercedes-Benz Korea)
Nov. 30, 2017
-
Kia Motors launches gasoline-powered Stonic in Korea
Kia Motors on Thursday began sales of the gasoline-powered Stonic in the Korean market in an attempt to counter its sales decline here and abroad. The price of the gasoline Stonic has been set at between 17 million won ($16,000) and 20 million won, 2.4 million won lower than the 1.6-liter diesel Stonic launched in July, according to the company. The gasoline version of the Stonic is also around 1.5 million won cheaper than other small SUV models here. Kia Motors' gasoline-powered Stonic /Kia Mo
Nov. 30, 2017
-
[Newsmaker] Amid rumors, GM Korea’s new CEO puts financial viability first
Amid persistent rumors of leaving South Korea, GM Korea’s new chief said Thursday he would focus on reviving the financial stability of the carmaker first by cutting down its costs and promoting sales next year. In his first meeting with Korea media, Kaher Kazem, president and CEO of GM Korea, said the carmaker will launch Equinox, a Chevrolet compact sports utility vehicle, next year to expand the carmaker‘s sales volume.Kaher Kazem, CEO and president of GM Korea, speaks at a press conference i
Nov. 30, 2017
-
Mahindra partners with Uber for EV sales
Indian carmaker Mahindra & Mahindra has teamed up with Uber to expand sales of electric vehicles in India, the company’s office in Seoul said Wednesday.The collaboration includes deploying hundreds of the vehicles in Delhi and Hyderabad, and operating Mahindra’s electric vehicles -- the e2oPlus hatch and eVerito -- on the Uber platform there, it said.Under the partnership, Uber drivers can purchase Mahindra electric vehicles at competitive prices and with attractive financing and insurance premi
Nov. 29, 2017
-
Samsung chief’s hidden accounts to face taxation
The National Tax Service has begun reviewing the Samsung chief’s assets allegedly withdrawn from accounts opened under borrowed names, after the Finance Ministry said the accounts are subject to taxation regardless of the timeline, officials said Wednesday.The Finance Ministry said as the upper body of the tax office that it could apply the limitation of period for tax assessment for 10 years on the accounts allegedly used for fraud and other wrongdoings. With the ministry’s interpretation, it w
Nov. 29, 2017
-
Hyundai gives sneak peek of new Veloster hatchback
Hyundai Motor has unveiled its second-generation three-door Veloster hatchback, the first upgrade of the model in seven years.“Since the first-generation Veloster, the model has been perceived as an icon of challenge and innovation within the Hyundai brand due to its unique design,” Yang Young-seon, marketing team manager of Hyundai Motor, said during a media preview event held at Inje Speedium, a race track in Gangwon Province, on Tuesday. “In other words, Veloster is a ‘brand spicer.’”The spor
Nov. 29, 2017
-
BMW Korea adds diversity to flagship 5-Series
BMW Korea, the local unit of the high-end German automaker, has been adding a touch of diversity to the bestselling 5-Series, introducing high performance and luxury versions of the popular series, the company said Wednesday.“New versions of the top-selling 5-Series have been added to meet the demand of different consumer preferences,” said an official of BMW Korea.The seventh-generation new 520d, released here in February this year, was the best-selling midsize sedan among imported cars by mont
Nov. 29, 2017
-
SsangYong Motor‘s G4 Rexton earns top safety rating
SsangYong Motor’s large SUV G4 Rexton received top rating in this year’s crash test conducted by the Korean transport ministry, the company said Monday.G4 Rexton earned five out of five stars in terms of collision safety in the 2017 Korean New Car Assessment Program, highlighted SsangYong Motor, the local unit of India’s Mahindra & Mahindra.SsangYong Motor‘s large size SUV G4 Rexton received top safety ratings in the transport ministry’s crash test. (SsangYong Motor)The annual KNCAP is held with
Nov. 27, 2017
-
Mercedes-Benz sales in Korea exceeds 60,000 units
Mercedes-Benz’s combined sales in Korea are forecast to surpass the 60,000 mark in November, according to the German Automaker’s sales unit here Sunday.The combined sales of Mercedes-Benz as of October was 58,060 units, up by 30.3 percent on-year. Given the monthly average sales, the combined sales are expected to pass well over 60,000 units as of the end of November, the company said. (Yonhap)The detailed monthly sales for November, however, remained undisclosed by the company.The 2017 sales r
Nov. 26, 2017
-
Renault upbeat about Korean EV market
DAEGU -- French automaker Renault Group’s top executive is optimistic about the Korean electric car market due to the government’s strong push for vehicle electrification and local firm’s advanced capabilities of car components. “When we launched our electric cars in Korea five years ago, many people were skeptical, saying the green cars will not be working in Korea,” said group’s senior vice president Gilles Normand in an interview with The Korea Herald at Daegu International Future Auto Expo o
Nov. 24, 2017
-
Renault Samsung unveils new EV sedan
DAEGU -- Renault Samsung Motors, the Korean unit of the French carmaker, on Thursday introduced the new full-electric vehicle, SM3 Z.E., as part of its strategy to tap into the new market of green cars here. The presentation was made by the group‘s Senior Vice President Gilles Normand at Daegu International Future Auto Expo held for four days from Wednesday at Daegu EXPO. As Korea’s only sub mid-sized EV sedan, SM3 Z.E. represents the most luxurious model among all EVs sold by Renault, incorpora
Nov. 23, 2017
-
[Exclusive] Hyundai vice chairman hints at Samsung partnership
DAEGU -- A top executive at Hyundai Motor Group, South Korea’s largest automaker, hinted Thursday at a strategic partnership with Samsung Electronics, which has been expanding into the vehicle component business in recent months. When asked by The Korea Herald about a possible partnership with the South Korean tech giant to develop electronic vehicle components and infotainment systems, Hyundai Motor Group Vice Chairman Kwon Moon-sik said, “We will do so.” But regarding the plan and timeline, th
Nov. 23, 2017
-
Hyundai Motor seen eyeing car-sharing biz: report
The chances of Hyundai Motor entering the car-sharing market are high, a report by KB Securities said Wednesday, referring to Volvo‘s latest partnership with Uber.Volvo on Monday signed a deal with Uber to provide tens of thousands Volvo XC90 SUVs, specifically modified for autonomous driving, from 2019 to 2021. (Yonhap)The report noted that partnerships between original equipment manufacturers and car-sharing service providers will become more important down the road as car-sharing service firm
Nov. 22, 2017
-
Jeep sales in Korea jump by 44% this year
Fiat Chrysler Automobiles’ sport utility vehicle brand Jeep posted brisk sales in Korea this year, largely backed by the sales of its small SUV model Jeep Renegade, market data showed Monday. According to data compiled by the Korea Automobile Importers and Distributors Association, the importer and distributer of the US cars sold a total of 5,543 Jeep units as of end-October, a 44.2 percent increase from 3,845 units last year. Jeep Renegade /FCA Korea“Almost all Jeep models are posting sales be
Nov. 20, 2017