Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Liberal bloc moves to rewrite student rights ordinance
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Hyundai to export 500 Xcient trucks to Indonesia
Hyundai Motor, South Korea’s leading automaker, said Wednesday it sealed a deal with Hyundai Oto Komersial Indonesia to supply 500 units of the Xcient heavy truck. The volume of the latest deal is Hyundai’s biggest for trucks, the company said.Hyundai Motor said it would aim to expand its presence in Indonesia’s commercial vehicle market, which is currently monopolized by Japanese commercial vehicle brands.Lee In-cheol (left), senior vice president of Hyundai Motor's commercial vehicle export di
Sept. 20, 2017
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LG Chem, Proterra announce co-development of new battery cell
LG Chem and Proterra, a California-based heavy-duty electric transportation manufacturer, announced on Wednesday the co-development of new battery cells. Proterra reported that its zero-emission bus model Catalyst E2 has succeeded traveling 1,772 kilometers at low speed on a single charge of batteries provided by LG Chem. The result is 83 percent further than the record of 970 km that Proterra achieved in a long-range test a year ago, it said. Proterra‘s Catalyst E2 (Proterra)With passengers on
Sept. 20, 2017
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Sales of new Genesis G70 sports sedan starts in Korea
Hyundai Motor Co. said Wednesday that sales of its Genesis G70 sports sedan have begun in its home market, as the company gears up for the car's global rollout early next year.The G70, the third sedan in the revamped Genesis lineup, is designed to not only help the South Korean carmaker make its presence felt in the luxury car market, but effectively end its drought of competitiveness in the sport utility vehicle field."The new car will help the independent Genesis brand grow and expand further,
Sept. 20, 2017
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Hyundai could become world’s No. 1 with FCA merger: report
Market rumors are circulating that Hyundai Motor is looking to acquire the world’s seventh-largest auto manufacturer Fiat Chrysler Automobiles despite the automaker’s vehement denial. And a local analyst said Tuesday that Korea’s largest auto company would leap forward to become the world’s No. 1 if the deal goes through.Lee Jae-il, an analyst in charge of automobiles at Eugene Investment & Securities, said in a report that Hyundai Motor would benefit from the acquisition due to an expanded port
Sept. 19, 2017
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Korean car sales keep sliding in China
The sales of South Korea’s two largest automakers, Hyundai Motor and Kia Motors, continued to plunge in China last month amid growing competition in the local market, as well as the prolonged political tension between China and South Korea over the deployment of a US missile defense system.Hyundai Motor and its sister company Kia Motors last month sold a total 76,010 vehicles in China, compared to 124,116 units in August last year, according to the companies’ data. Hyundai Motor’s sales in Augus
Sept. 17, 2017
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[Behind the Wheel] Renault Samsung’s new SUV caters to urban driving
Renault Samsung Motors, the South Korean unit of French carmaker Renault, has released a gasoline-powered version of its popular QM6 midsize SUV, targeting drivers who drive in the city and prefer SUVs, the company said Sunday. The press took the QM6 GDe gasoline model for a test drive from Gyeongwonjae Ambassador Incheon to Grand Hyatt Incheon, totaling 60 kilometers earlier this month.Before the test drive, CEO of Renault Samsung Motors Park Dong-hoon told reporters, “SUVs are no longer for pe
Sept. 17, 2017
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Hyundai Motor names new CEO of US unit
Hyundai Motor Co. has named Lee Kyung-soo the new chief executive of its American unit, a post that had been vacant for nine months, according to the company's website on Saturday. Lee, 61, joined Hyundai in 1982 and most recently served as chief executive of Hyundai Translead, a US affiliate of Hyundai Motor that produces dry and refrigerated van trailers and container chassis, Hyundai Motor's US unit said in a statement posted on its website. Lee Kyung-soo, newly appointed CEO of Hyunda
Sept. 16, 2017
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Genesis G70 sedan to rival premium European brands
HWASEONG, Gyeonggi Province -- Genesis, a luxury auto brand spun off from South Korea’s Hyundai Motor, unveiled its third model, the G70 sedan, with aims to expand its presence in the high-end segment, the company said Friday. Amid Hyundai’s weak performance at home and in the US, Genesis premium cars have been gaining popularity, which makes the first G70 sedan rolled out under the independent Genesis brand an important model. (From left) Lee Sang-yup, head of Genesis Styling, Luc Donckerwolke
Sept. 15, 2017
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Seoul charging ahead as carmakers go electric
South Korea is speeding up its efforts to expand charging infrastructure for electric vehicles, as global carmakers' unveiled road maps for electrification at this year's Frankfurt Motor Show, industry watchers said Friday, The government is planning to increase the number of fast-charging stations to 3,000 across the country by the end of 2018 from 1,508 at the end of June. It will more than double the number by 2020 to approximately 6,000, Lee Hyung-sup, director of the Clean Air Strategy Divi
Sept. 15, 2017
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[Monitor] 30s purchase less cars
Customers in their 50s have become one of the major purchasers of automobiles, while those in their 30s bought less, data from the Korea Automobile Manufacturers Association showed Thursday.Thirty-somethings bought a total of 144,360 vehicles in the first half of this year, dropping by 11.1 percent compared to the same period last year. Those in their 30s made up 18.2 percent of the total number of buyers, down 1.8 percentage points on-year.The percentage has continued to decline. The associatio
Sept. 14, 2017
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Kia Motors hires former BMW designer Pierre Leclercq
Kia Motors, South Korea’s No. 2 automaker, hired former BMW designer Pierre Leclercq as part of its continued efforts to bolster the design quality of its vehicles, the company said Thursday.Leclercq previously worked as the head designer of BMW’s high performance M brand before moving to his latest post at Chinese automaker Great Wall Motors in 2013.“From the end of this month Leclercq will join Kia Motors where he will work with Chief Design Officer of Hyundai Motor Group Peter Schreyer, and h
Sept. 14, 2017
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Young people's auto purchase dips on budget, car sharing: data
Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday.Those in their 30s bought a total of 144,360 vehicles in the first six months this year, down 11.1 percent from 162,422 a year earlier, according to the statistics by the Korea Automobile Manufacturers Association. The figure accounts for 18.2 percent of 793,987 units, the total newly regist
Sept. 14, 2017
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Fiat Chrysler, Mercedes-Benz to recall 4,419 vehicles
Fiat Chrysler Automobiles and Mercedes-Benz will recall over 4,000 vehicles sold in South Korea to replace faulty parts in air bags and seat belts, the transport ministry said Thursday. Fiat Chrysler must check 3,856 vehicles belonging to three models -- the Jeep Compass, Chrysler Sebring and Dodge Caliber -- over concerns that the air bag and seat belt pretensioners may not work correctly during an accident. The Italian carmaker is also recalling 288 Fiat Freemont SUVs to replace wires that cha
Sept. 14, 2017
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Carmakers to woo compact SUV customers with various colors
While Korean carmakers are set to attract customers with small sport utility vehicles of various colors, Renault Samsung Motors’ QM3 has increasingly been standing out as the front-runner in terms of color options offered. Since the launch of the model, the automaker has been providing different color options for the roof and body of the vehicle, as well as leather seat covers that are also available in orange, blue and black. Renault Samsung Motor’s compact sport utility vehicle QM3 (Renault Sa
Sept. 13, 2017
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GM Korea’s labor-management wage talks fall through
The new CEO of GM Korea Kaher Kazem’s first wage talks with the labor union were canceled at the last minute due to procedural problems, the company said Wednesday.The thwarted negotiation was anticipated to provide the new chief with a breakthrough amid persisting wage disputes.In the last meeting with unionized workers in late July, before his inauguration, Kazem vowed to improve labor-management relations.“I understand that GM Korea has produced an accumulated 10 million units,” he said at th
Sept. 13, 2017
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Aug. sales of imported commercial vehicles fall 20%
The sale of imported commercial vehicles in South Korea fell 20 percent in August from a month earlier due to lower demand, an industry association said Tuesday. Five foreign commercial vehicle companies -- MAN Truck & Bus Korea, Daimler Trucks Korea, Volvo Trucks Korea, Scania Korea and Iveco -- sold a combined 302 vehicles in August, down from 378 in the previous month, the Korea Automobile Importers and Distributors Association said in a statement. (Yonhap)In the January-August period, the fi
Sept. 12, 2017
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Hyundai unveils new SUV, performance models in Frankfurt
Hyundai Motor Co. has unveiled a new subcompact crossover and high-performance vehicles at the Frankfurt Motor Show, a move to expand into the European markets, the company said Tuesday.In a media event ahead of the formal launching of the event that runs from Sept. 14 through 24 (local time), Hyundai Motor showcased 14 models, including its latest subcompact SUV Kona and the high-performance car i30N, the company said in a statement. On top of the 14 car models introduced to the media, five mor
Sept. 12, 2017
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Hyundai, Kia suspend Alabama plant due to hurricane
Hyundai Motor and its sister company Kia Motors said Tuesday that they have decided to suspend the operation of their production facilities in Alabama to prevent possible damages from hurricane Irma.Production will be halted for two days starting Sept. 14, the company said. Global headquarters of Hyundai Motor Co. and Kia Motors Corp. in southern Seoul. (Yonhap)“Suspension of plant operations is a precautionary measure taken to prevent possible damages from a natural disaster,” the company said.
Sept. 12, 2017
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SsangYong Motor aims to sell 6,000 units of G4 Rexton in Europe next year
SsangYong Motor CEO Choi Johng-shik (first row, third from right) and reporters covering automobiles, who participated in driving the company‘s large-size G4 Rexton SUV across 10 Eurasian countries, in joy after arriving at their final destination Wiesbaden, Germany earlier this week. (SsangYong Motor)SsangYong Motor, the local unit of India’s Mahindra & Mahindra, set next year’s target sales for the large-size G4 Rexton SUV at 6,000 units in the European market, its CEO Choi Johng-shik said Tue
Sept. 12, 2017
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Korea's auto exports jump in Aug.
South Korea's auto exports rose sharply last month on the back of rising demand from North America and Europe, government data showed Tuesday.The total value of vehicles shipped overseas reached $2.84 billion last month, up 23.6 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy.The number of vehicles shipped abroad also soared 24.1 percent on-year to 174,363 units in August, compared to a 5.1 percent rise in the previous month. (Yonhap)A to
Sept. 12, 2017