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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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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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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Liberal bloc moves to rewrite student rights ordinance
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Mercedes-Benz Korea stands firm as No.1 foreign carmaker
(Yonhap)Mercedes-Benz Korea, the local unit of the German luxury carmaker, ranked the No. 1 foreign automaker here in the first half of this year on the back of a wider range of models being offered, industry experts said Wednesday.A total of 37,723 Mercedes-Benz vehicles were sold between January and June this year, up 13,000 units compared to the same period last year, according to data compiled by the Korea Automobile Importers and Distributors Association.“The huge popularity of the new E Cl
July 12, 2017
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Hyundai Mobis hires Continental camera sensor expert
Hyundai Mobis, South Korea’s biggest auto parts supplier, hired Gregory Baratoff, head of camera sensor development at Continental, as the vice president of the company’s driving assistant system development earlier this month to step up its competitiveness in autonomous driving, the company said Wednesday. (Hyundai Mobis)The recruitment comes as Hyundai Mobis recently accelerated efforts in securing industry-leading self-driving and eco-friendly vehicle technologies.“Hyundai Mobis will take the
July 12, 2017
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[Monitor] Auto industry in jeopardy
Multiple indices show the grave condition faced by the South Korean auto industry due to drastic declines in exports coupled with low domestic demand.The Korea Automobile Manufacturers Association showed that in the first half of this year, a total of 1,324,710 domestic car brands were exported, the lowest in eight years. The drop was attributed to some 40 percent cut in the sales in China and GM‘s withdrawal from Europe that led to downsized exports by GM Korea.Domestic sales also dropped by 4
July 11, 2017
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Hyundai Motor‘s Kona orders hit 7,100
Hyundai Motor received some 7,100 orders for its new subcompact sport utility vehicle Kona, the company said Tuesday at an event promoting the vehicle. Preorders of the Kona, the company’s first subcompact SUV, surpassed 5,000 before official sales began in Korea on June 27. The total number of orders reached 7,100 two weeks later. Hyundai Motor’s Kona (Hyundai Motor)Hyundai Motor has displayed Kona vehicles at its exhibition centers nationwide over the past week to promote sales.“There are more
July 11, 2017
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Toll fees for EVs, hydrogen cars to halve from Sept.
The highway toll charges for electric and hydrogen fuel-cell vehicles will halve from September, the transport ministry said Tuesday. The government plans to temporarily operate the discount program for environment-friendly vehicles by 2020, the Ministry of Land, Infrastructure and Transportation said in a statement. Depending on the operation results, it will decide on whether to continue the program or not, it said. In this photo taken on July 7, 2017, Transport Minister Kim Hyun-mee answers q
July 11, 2017
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Hyundai, Kia launch task force to revive sales in China
Amid Hyundai Motor and Kia Motors’ continued struggles in China, the two companies said Monday they had launched a 100-strong task force last month in an attempt to pick up sales in China.Members of the task force have temporarily been transferred from the companies’ research and development, product and marketing teams to focus on strengthening competitiveness.“The task force was made for Hyundai and Kia to take a look into our competitiveness in the Chinese market,” said the spokesman of Hyund
July 10, 2017
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BMW falls behind Mercedes-Benz in Korea in Q1
Mercedes-Benz maintained the top spot in Korea’s imported auto market, beating its rival BMW in the first half of this year, data showed Sunday.According to the Korea Automobile Importers and Distributors Association, BMW sold 28,998 cars in the Korean auto market, while Mercedes-Benz recorded sales of 37,723 units. (Yonhap)BMW’s market share accounted for 24.54 percent, while Mercedes-Benz’s reached 31.93 percent.In February, BMW rolled out its 5-series with the hope of boosting its sales in A
July 9, 2017
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Mercedes-Benz sales gain traction in S. Korea, BMW struggles to keep pace
German luxury carmaker Mercedes-Benz is speeding ahead in terms of sales in South Korea, while its main rival BMW is struggling to keep pace, industry data showed Sunday.According to sales figures released by the Korea Automobile Importers and Distributors Association (KAIDA) and other market trackers, Mercedes-Benz midsize E-Class executive sedans reigned supreme in the country despite the release of the all-new BMW 5-series cars in February."BMW's goal of taking back the No. 1 best-selling car
July 9, 2017
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South Korean carmakers plagued by labor disputes, poor sales
Carmakers in South Korea are likely to face worker strikes again this summer, as fears mount that the strikes will deal a severe blow to their already faltering businesses hit by poor sales, emerging protectionism and diplomatic disputes. Unionized workers at Hyundai Motor, the nation’s largest carmaker, said Thursday that an annual wage negotiation they had been engaged in with the management for the last two months had collapsed, and the group will hold a vote next week to make a decision on
July 7, 2017
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Eco-friendly cars expand presence in S.Korea‘s used car market
Hyundai Motor's eco-friendly car, the Sonata Hybrid (Hyundai Motor Group)The number of eco-friendly cars in South Korea’s used car market rose 26 percent on-year in the first half of this year due to eased regulations, industry data showed Wednesday.A total of 7,107 eco-friendly vehicles were offered on the official website of used car dealer SK Encar between January and June this year, up 26 percent compared to 5,644 units listed in the same period last year, the company said. Hybrid electric v
July 6, 2017
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Hyundai, Kia suffer sales decline in US market
Hyundai Motor and Kia Motors continued to struggle in the US market last month, as South Korea’s top two automotive companies have missed out on the SUV boom, industry watchers said Tuesday.In June, the combined sales of the two plummeted 14.9 percent on-year in the US, where they sold a total of 110,650 units, according to the automakers.Hyundai Motor suffered a greater sales decline and sold less vehicles than its sister company Kia Motors. Hyundai sold 54,507 units last month, including sales
July 4, 2017
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Lexus Korea introduces new flagship LC Coupe models
Lexus Korea on Tuesday rolled out its new flagship LC Coupe in Seoul, featuring the company’s latest technologies and automobile platform.LC 500h is Lexus’s new hybrid model that has adopted its latest Multi Stage Hybrid System, which offers the vehicle 359 horsepower and a 10-speed transmission. The system allows the hybrid vehicle to reach 100 kilometers per hour in under five seconds as well, the company said. Lexus Korea CEO Akihisa Yoshida speaks at an event unveiling LC Coup at the Toyota
July 4, 2017
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GM Korea CEO announces resignation
GM Korea CEO James Kim will be stepping down as of Aug. 31 and will serve as the full-time president of the American Chamber of Commerce in Seoul, the company said Monday.The Korean-American CEO is resigning due to personal reasons, the company said. His successor will be named at a later date, it added.James Kim, CEO and president of GM Korea, speaks at a forum held in Seoul on June 15th. (Yonhap)“We thank Jim for his contributions to GM Korea over the past two years,” said Stefan Jacoby, GM ex
July 3, 2017
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Secret behind All New Malibu’s popularity
GM Korea, the local unit of US carmaker General Motors, said Friday it is enjoying continued popularity of its mid-size sedan Malibu mainly due to its high performance. “The Malibu has set a new trend in the Korean mid-size car market with its turbocharged engine, size comparable to an upper midsize sedan, segment-leading performance, and remarkable safety,” GM Korea said.“As the popularity of gasoline models continue to rise, Malibu’s turbocharged gasoline engines will gain more popularity,” GM
June 30, 2017
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New gas emission regulation to affect local carmakers
A new regulation suggested by the Ministry of Environment to more strictly measure emissions of diesel vehicles is expected to affect local carmakers, industry experts said Friday. In legislation pitched by the ministry, Korea would adopt the Worldwide harmonized Light vehicles Test Procedure methods to test all diesel vehicles, from compact cars to trucks.The New European Driving Cycle method is currently used in Korea to measure emissions. WLTP imposes longer driving distances, greater times,
June 30, 2017
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Renault Samsung aims to export 40,000 QM6 SUVs this year
Renault Samsung Motors Corp., the South Korean unit of French automaker Renault S.A., said Friday it aims to export 40,000 units of its QM6 SUV this year. Renault Samsung began to sell the flagship QM6 SUV in the markets, such as Latin America, Australia and the Middle East, in June last year. In September, the QM6 SUV was launched domestically, a company spokesman said. A QM6 SUV is getting ready to be shipped for sale in Europe at a port in Changwon, 398 kilometers southeast of Seoul on June 3
June 30, 2017
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Audi, BMW, Mercedes-Benz ordered to recall over 5,700 vehicles
Audi, BMW and Mercedes-Benz have been ordered to recall more than 5,700 vehicles in South Korea for faulty parts, the transport ministry said Thursday. This is the latest in a series of recall orders issued by the Ministry of Land, Infrastructure and Transport against both domestic and foreign carmakers. The carmakers plan to recall 24 different models totaling 5,731 units. The subjected models include the Audi A6 50 TFSI Quattro sedan, Mercedes-Benz's B200 CDI 4Matic and BMW's G310R motorcycle,
June 29, 2017
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Hyundai Motor USA to donate $15 million for pediatric cancer cure
Hyundai Motor’s US office said Wednesday that it would provide a $15 million fund this year for 68 research projects that aim to find a cure for pediatric cancer.At a presentation held in Washington, the carmaker donated $1 million to five medical institutions and six project managers leading pediatric cancer research in the capital city, Virginia and Maryland. The event was attended by lawmakers from South Korea and the US, as well as Hyundai Motor President Chung Jin-haeng. It was also held to
June 28, 2017
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SsangYong Motor to unveil new pickup truck
PYEONGTAEK, Gyeonggi Province -- SsangYong Motor, the South Korean unit of India’s Mahindra & Mahindra Ltd., will release a new fourth-generation pickup truck codenamed Q200 at the beginning of next year, an official said Wednesday. “The Q200 is not a follow-up model to the Korando Sports pickup truck. It is a separate model that is similar in size with the G4 Rexton,” Song Seung-ki, head of Production HQ, SsangYong Motor, told reporters after a tour of the company’s production plant in Pyeongt
June 28, 2017
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More jobs to come with Hyundai Motor’s US expansion
Despite the slowing sales and heated competition in the US auto market, Hyundai Motor plans to increase its investment there in the next five years, with its expanding operations forecast to impact the local economy.Chung Jin-haeng, CEO of the South Korean carmaker, said in January that the company would invest $3.1 billion in the US by 2021, 30 percent more than the $2.1 billion it has poured into America since 2012 when the bilateral free trade agreement between the two countries went into eff
June 27, 2017