Most Popular
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Yoon sorry for shortcomings but insists policies were right
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1 in 3 Koreans live alone, family types becoming diverse
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S. Korea ‘strongly’ protests Japan’s claim over Dokdo in diplomatic bluebook
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US 'incredibly concerned' about suspected NK-Iran military ties
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Korean won weakens amid heightened uncertainty
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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Seoul says will cut power to porn festival planned on Han River
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Sewol victims commemorated on tragedy's 10th anniversary
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Chanel, Louis Vuitton see muted growth in Korea
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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European automakers to recall 2,000 units
South Korea’s Transport Ministry on Thursday ordered Mercedes-Benz Korea, Porsche Korea, BMW Korea and Ducati to recall a combined total of 2,014 units across 15 models.The recall ordered for Mercedes-Benz Korea, the local importer and distributor of the German luxury, affects 1,071 cars across 11 models, according to the Ministry of Land, Infrastructure and Transport. (Yonhap)The ministry said it found malfunctioning airbags installed in a total of 1,069 Mercedes-Benz vehicles across nine model
June 1, 2017
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SsangYong's May sales dip 7% on lower demand
SsangYong Motor Co. said Thursday its May sales fell 7 percent last month from a year earlier due to slowing overseas demand. The South Korean unit of Indian carmaker Mahindra & Mahindra Ltd. sold a total of 12,349 vehicles in May, down from 13,282 units a year earlier, SsangYong Motor said in a statement. (Yonhap)Domestic sales rose 11 percent to 10,238 units last month from 9,191 units a year earlier. But exports plunged 48 percent to 2,111 autos from 4,091 during the same period, the stateme
June 1, 2017
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GM Korea May sales down 17% on weak local demand
GM Korea Co., the South Korean unit of General Motors Co., said Thursday its May sales fell 17 percent from a year earlier due to weak domestic demand. GM Korea sold 43,085 vehicles in May, down from 51,907 units tallied a year earlier, the company said in a statement. (Yonhap)Exports fell 10 percent to 31,231 from 34,728. Domestic sales also plunged 31 percent to 11,854 units from 17,179 during the same period, it said. The sales downturn was affected by the sharp decline in local demand for t
June 1, 2017
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Korea’s automobile production falling at fastest pace
The number of cars manufactured in South Korea fell at the fastest pace among the top 10 carmaking nations in the first quarter, data showed Wednesday. According to the Korea Automobile Manufacturers Association, the country produced close to 1.05 million vehicles in the first three months of this year, a 2.8 percent decrease from a year ago. The percentage of production decline was the lowest among the world’s 10 car manufacturing countries. Of the top 10, only three countries saw a decline in
May 31, 2017
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Renault mulls launching Zoe electric car in Korea in 2019
French carmaker Renault S.A. is considering launching the Zoe electric vehicle in South Korea in 2019 on improving charging infrastructure and government subsidies, the company's chief executive said Wednesday."We are considering introducing the next-generation Zoe electric car in the South Korean market in 2019, but we need to closely watch the market situations (for the launch of the Zoe electric car)," Renault Samsung Motors Corp. CEO Park Dong-hoon told Yonhap News Agency. Renault Samsung's
May 31, 2017
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Hyundai to unveil new subcompact SUV next month
Hyundai Motor Co. said Tuesday it will unveil its brand new subcompact sport utility vehicle locally on June 13 as it released a teaser image highlighting the car's low silhouette and wide stance.South Korea's largest carmaker by sales is set to make its foray into North American and European markets this summer with the Kona SUV. Hyundai said the B-segment SUV market, which its new vehicle falls into, has been attracting growing number of customers globally. Teaser image of Hyundai Motor Co.'s
May 30, 2017
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BMW opens largest distribution center in Korea
BMW Group Korea, the local unit of the German luxury carmaker, has unveiled the second-largest regional distribution center worldwide here, the company said Tuesday.A total of 130 billion won ($115.6 million) was invested in the new regional distribution center, or RDC, which covers 57,103 square meters of land, the company said. Wolfgang Baumann (sixth from left), vice president of Parts Logistics Management, and Kim Hyo-joon (seventh from left), CEO of BMW Group Korea, attend a ceremony for th
May 30, 2017
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Imports of commercial vehicles soar 19% this year
South Korean imports of commercial vehicles jumped more than 19 percent on-year in the first four months of the year despite an overall tumble in inbound auto shipments, data showed Tuesday.Imports of trucks, buses and special vehicles came to 3,284 units in the January-April period, up 19.1 percent from the same period a year earlier, according to the data by the Korea Automobile Manufacturers Association. (Yonhap)Inbound shipments of trucks spiked 24.8 percent on-year to 2,515 units during the
May 30, 2017
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Hyundai i30N hot hatches complete race in Nurburgring
Hyundai Motor Co.s' i30N hot hatches completed a 24-hour endurance race in Germany last weekend, performing better than last year, the company said Monday. Hyundai sent two i30N hatchback models to the 2017 24 Hours Nurburgring to test components that will eventually make it into production cars. They completed the 25-kilometer-long "Green Hell" circuit in Nurburgring, with one of them ranking 50th this year. In this photo taken during a 24-hour endurance race in Nurburgring, Hyundai's i30N hat
May 29, 2017
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Hyundai helps contractors hire talented employees for mutual growth
Hyundai Motor Co. and Kia Motors Corp. said Monday they will continue to help their contractors hire talented employees to ensure mutual growth. In the past five years, Hyundai and Kia have arranged job fairs to help their subcontractors hire a total of 80,000 workers, an average of 16,000 a year. They have also operated an online recruiting program for subcontractors, Hyundai said in a statement. In this photo taken on May 29, 2017, jobseekers wait their turn for interviews with subcontractors
May 29, 2017
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Hyundai Motor’s Ioniq, No.1 registered EV here
Riding on the boom of eco-friendly vehicles, Hyundai Motor’s electric car Ioniq was the most registered EV in South Korea as of last April, industry data showed Monday.The total number of EVs registered here reached 13,812 units across 13 models as of last April, out of which the Ioniq EV stood for 40.4 percent, totaling 5,581 units, according to data from the Korea Automobile Manufacturers Association. Hyundai Motor’s Ioniq Electric trim “I.” (Hyundai Motor Group)South Korea’s EV market lags be
May 29, 2017
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Hyundai, Kia car owners experience circuit driving
Hyundai Motor and Kia Motors, South Korea’s top two automotive companies, held an event for customers to drive their cars around a circuit over the weekend, the companies said Sunday.Some 140 owners of the two automakers’ vehicles participated in the Korea Speed Festival Track Day at the Inje Speedium Circuit located in Gangwon Province, Hyundai Motor Group, said. Owners of Hyundai Motor and Kia Motors vehicles took their rides out for a spin around the Inje Speedium Circuit over the weekend. Hy
May 28, 2017
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[Photo News] Mercedes-Benz Korea hosts charity run
BENZ CHARITY RUN -- Dimitris Psillakis (left), CEO of Mercedes-Benz Korea, exchanges high fives with the participants of Give ‘N Race, the first charity marathon hosted by Mercedes-Benz Korea, through which the automaker raised donations worth 200 million won ($179,000) at the Banpo Riverside Park, Seoul, Sunday. (Mercedes-Benz Korea)
May 28, 2017
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Automakers most trusted to develop self-driving tech: survey
Amid rising competition between automotive and IT companies to take the lead in securing autonomous driving technology, consumers expressed more trust in self-driving technology developed by conventional automakers, a survey showed Sunday. Out of the 5,045 people surveyed across five countries -- the US, the UK, Italy, Germany and France -- 30 percent answered they trust autonomous driving technology put together by auto firms, according to the survey complied by Inrix, a US-based connected car
May 28, 2017
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Hyundai holds biennial driverless car race
Hyundai Motor Co. on Friday held its fourth biennial competition for autonomous cars at a local speed circuit, a move aimed at enhancing its brand image and promoting technology growth. In the past two decades, the carmaker provided advice and information on self-driving cars to university students so they can apply this know-how and come up with their own autonomous vehicles. (Yonhap)It is part of Hyundai's broad effort to become a leading player in the cutting-edge vehicle sector going forwa
May 26, 2017
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Tesla sets up 1st supercharger in Korea
Tesla Motors Inc. has set up its first rapid-charging station in South Korea, the first of its planned 14 superchargers this year, the US electric carmaker said Thursday. The first supercharger was built at the Grand Intercontinental Hotel in southern Seoul. The company's luxury Model S 90D can run 270 kilometers on a 30-minute charge, Tesla said in an emailed statement. (Yonhap)Tesla customers are currently allowed to use the supercharger free of charge. But the policy may change, it said. Tel
May 25, 2017
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Hyundai Motor unveils Elec City
Hyundai Motor, South Korea’s No. 1 automaker, on Thursday unveiled its first-ever zero emission electric bus, Elec City, scheduled for launch next year at the Hyundai Truck & Bus Mega Fair event.The introduction comes as the automotive company seeks to strengthen its competitiveness in the commercial vehicle sector, with an aim to sell 105,000 commercial vehicles this year while diversifying its revenue streams. Officials of Hyundai Motor and the government pose in front of Elec City, Hyundai’s
May 25, 2017
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Toyota, 6 other foreign carmakers ordered to recall over 40,000 vehicles
Seven foreign carmakers have been ordered to recall more than 40,000 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. (Yonhap)The carmakers plan to recall 28 different models totaling 40,222 units. These include Toyota Motor Corp.'s Sienna van and its luxury brand Lexus EX350 sedan, Ford Motor Co.'s Focus sedan a
May 25, 2017
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Hyundai to test i30N hot hatch in 24 Hours Nurburgring
Hyundai Motor Co., South Korea's biggest carmaker by sales, said Wednesday it will test its i30N hot hatch in a 24-hour endurance race in Germany this weekend.Hyundai sent an 8-member driver team, composed of four research engineers and four professional drivers, to the 2017 24 Hours Nurburgring to test components that will eventually make it into production cars.In this photo, taken on April 23, 2017, four research engineers at Hyundai Motor pose after obtaining a license in a preliminary race
May 24, 2017
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Best-selling foreign cars either cheap or expensive: report
The best-selling imported cars in South Korea so far this year were either very affordable or incredibly expensive, data showed Wednesday.According to data compiled by Korea Automobiles and Distributors Association, the number of foreign vehicles sold for under 30 million won surged 81 percent in the first four months to 2,960 units. The increase in the lowest price bracket was largely contributed by Nissan’s Altima, the carmaker’s sedan released at 29.9 million won in last April, and Juke, a cr
May 24, 2017