Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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GM Korea officials, labor under fire for selling jobs
Executives and unionized workers at GM Korea, a local subsidiary of General Motors, are to face trials for allegedly receiving bribes in exchange of offering permanent jobs to contract workers.Prosecutors in Incheon, west of Seoul, on Tuesday said they have indicted five former and current senior employees at GM Korea, as well as 17 former and incumbent labor representatives. Leaders at GM Korea‘s labor union are accused to have received tens of millions of won from contract workers who wanted t
Feb. 8, 2017
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Hankook Tire, Kumho Tire expand US presence
Hankook Tire's new plant in the US state of Tennessee. (Yonhap)Hankook Tire, South Korea’s No.1 tire maker, will be hiring about 1,200 employees to work at its new plant in the US state of Tennessee, the firm said Wednesday. The tire maker has already hired some 300 workers at its new US facility, which recently began test runs.It plans to hire a total of some 1,200 workers there by October, the company spokesperson said.Meanwhile, South Korea’s second-largest tire firm Kumho Tire also completed
Feb. 8, 2017
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Hyundai, Kia win four iF awards
Hyundai Motor and its sister company Kia Motors have won four awards from the annual International Forum Design Award, one of the three major industrial design competitions, the company said Wednesday.Kia’s Niro, Rio, and K5 sports wagon, and i30 of Hyundai Motor were named as winners in the automobiles and vehicle section of the iF Award. Organized by the Hanover-based International Forum Design, the award recognizes products for their overall design, originality, and their thoughts on the envi
Feb. 8, 2017
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Hyundai Motor delays China launch of Sonata hybrid amid THAAD row
South Korea's leading automaker Hyundai Motor Co. has reportedly postponed the launch of its Sonata plug-in hybrid in China by nearly a year, company official said Wednesday, due to what many believe is China's trade retaliation against the planned deployment of a US air missile defense system to South Korea.The new Sonata plug-in was originally expected to be introduced in the Chinese market in April. The Hyundai Sonata plug-in hybrid (Hyundai Motor)Company officials said the car will likely be
Feb. 8, 2017
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Volkswagen Korea customers reject recall
Hundreds of Audi Volkswagen Korea customers are refusing to comply with the local auto distributors’ recall measures for its illegally faked emissions vehicles, according to the law firm Barun Law LLC. Last month, the Korean government announced it had approved Volkswagen’s first round of recall plans for 27,000 Tiguan SUVs to begin on Monday. However, following the recall approval, 610 Tiguan owners filed a law suit with the administrative court against the Ministry of Environment last month
Feb. 7, 2017
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Benz’s imported auto market share reach 41%
German auto giant Mercedes-Benz sold 6,848 cars domestically last month, marking a 59.3 percent on-year spike, the Korea Automobile Importers & Distributors Association said on Monday. Mercedes-Benz Korea’s market share among the imported cars has also reached 41 percent last month, up more than 14 percent from the same month last year. Mercedes-Benz Korea has been showing phenomenal growth in the domestic import cars market in recent years, selling more than 2 million units for the first time
Feb. 6, 2017
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Korea’s green car market small, but growing fast
South Korea’s eco-friendly car market is continuing its rapid growth as the number of the country’s green cars increased by 63.9 percent from 2015 to 2016, the Korea Automobile Importers & Distributors Association said Monday. Despite still lagging severely behind the Chinese, US and European markets, the local hybrid and electric market sold a total of 68,774 eco-friendly cars last year, compared to 41,956 the previous year. The increase was the highest proportional rise worldwide. Sales of h
Feb. 6, 2017
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Kia’s China sales plummet 38.9% last month
The nation’s No. 2 carmaker Kia Motors saw its sales in China plummet 38.9 percent last month, according to company and industry sources on Sunday. Kia Motors said it sold 30,800 units to its Chinese factory in January, down 18,459 vehicles compared to the 49,259 units sold during the same month last year. Retail sales have also dropped 13.1 percent. According to news reports, a number of industry insiders suspect the slump in sales is linked to Chinese dealers demanding Kia compensate them fo
Feb. 5, 2017
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Imported truck sales hit record 75.8% jump last year
Imported trucks celebrated a record year last year, seeing a 75.8 percent spike in sales from 2015, according the Korea Automobile Manufacturers Association. Non-domestic truck sales stood a 7,726 units in 2016 compared to the previous year’s 4,396 units, KAMA’s data showed Sunday. Following the enactment of the Korea-EU and Korea-US free trade agreements in 2011 and 2012, respectively, tariffs on imported vehicles have been removed, sparking an increase in competition and demand in the domest
Feb. 5, 2017
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Kia Motors suffers 38.9% plunge in January sales in China
Kia Motors Corp., South Korea's second-largest carmaker, saw its sales in China last month plunge 38.9 percent on month, amid a dispute with some of its Chinese dealers over inventory, according to company and industry sources on Sunday. Kia's sales fell to 30,080 units in January in China, from 49,259 units in December last year. This photo shows Kia Motors Corp.'s KX7 sport-utility vehicle. (Kia Motors)Industry sources suggested that Kia may seek to reduce its unsold cars before it begins sel
Feb. 5, 2017
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Ministry recalls 19 international car models
A total of 5,204 vehicles across 19 different non-domestic car models are being recalled by local distributors of brands including Honda, Nissan, Land Rover and Maserati, the Ministry of Land, Infrastructure and Transport said Thursday.Japanese automakers Honda and Nissan will be initiating a combined recall of 3,565 vehicles from four different models. (Yonhap)Honda Korea will recall 1,407 Accords that are equipped with Takata air bags, which have led to fatal accidents in other countries beca
Feb. 2, 2017
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Mercedes-Benz takes students to German headquarters
Select students of Mercedes-Benz’s Mobile Academy visit the Mercedes-Benz headquarters in Stuttgart, Germany. (Mercedes-Benz Korea)Select students from the annual Mercedes-Benz Mobile Academy won the opportunity to visit the luxury auto giant’s headquarters in Stuttgart, Germany, the company said Tuesday. The Mobile Academy is an industry-academy joint project run by the carmaker, aimed to nurture and develop students looking to pursue a career in the automotive industry. Fifteen students were
Feb. 1, 2017
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Hyundai Motor's downturn takes toll on suppliers
Hyundai Motor Group headquarters in Seocho, southern Seoul (Yonhap)A six-year low operating profit posted by Hyundai Motor in 2016 had a negative domino effect on the overall performance of related affiliates dependent on South Korea’s largest auto firm, company data showed Tuesday. The suppliers’ heavy reliance on Hyundai Motor had exposed them to greater risk of being affected by the auto firm’s disappointing yearly outcome, industry experts said.Hyundai Motor posted an operating profit of 5.1
Jan. 31, 2017
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Domestic car production reaches 6-year low, overseas numbers rise
Domestic automobile production saw a 7.2 percent decrease last year compared to 2015, marking the lowest production rate for local automakers in six years, according to the Korea Automobile Manufacturers Association. Seven domestic automakers -- Hyundai Motor, Kia Motors, GM Korea, Ssangyong Motor, Renault Samsung Motors, Daewoo Bus and Tata Daewoo -- manufactured a combined total of roughly 4.23 million units in Korea last year, down 330,000 vehicles. The decline in domestic production is wide
Jan. 31, 2017
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Car keys are getting smarter
It has been roughly a decade since smart keys first appeared in Korea, allowing drivers to lock and unlock their car door via the press of a button. However, with the advent of smart technology, industry insiders are expecting car keys to make even more significantly high-tech strides by 2020. Korea’s largest automaker Hyundai Motor Co. revealed late last month that it is currently developing a wrist-band-type smart key for the first time in the local automotive industry. The smart device is e
Jan. 30, 2017
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Hyundai Motor’s profit lowest in 7 years
Hyundai Motor, the nation’s biggest carmaker, posted an operating profit of 5.19 trillion won ($4.45 billion) last year, the lowest since 2010 when the carmaker started to comply with international financial reporting standards.The carmaker, in a regulatory filing Wednesday, also posted a net profit of 5.76 trillion won, a 12.1 percent decrease from 6.51 trillion won in the previous year. (Yonhap)For the entire year, Hyundai’s sales grew 1.8 percent on-year to 93.65 trillion won, selling a total
Jan. 25, 2017
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Volvo’s new leasing offer looks to make S90 ‘affordable’
Volvo Korea has launched the new D4 model of its flagship S90 series, the company said Wednesday, touting the vehicle as one of the country’s most reasonably priced and affordable luxury sedans. Offered in both “Momentum” entry-level and “Inscription” trim, the 2017 D4 is priced at 59.9 million won ($51,400) and 66.9 million won, respectively, including taxes. In comparison, in Korea the Mercedes E-Class series runs anywhere from 60.9 million won to 98.7 million won, while Ford’s newly release
Jan. 25, 2017
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Automakers to offer free inspection services for Lunar New Year
The Korea Automobile Manufacturers Association announced Tuesday that it will offer free inspection services by five automakers during the Lunar New Year holiday this weekend. From Thursday to Sunday, Hyundai Motor, Kia Motors, GM Korea, Renault Samsung Motors and Ssangyong Motors will offer their customers vehicle inspection services free of charge at 22 participating highway rest stops and 48 service centers nationwide. The services will be offered at northbound rest stops on Thursday and Fri
Jan. 24, 2017
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Honda Korea releases new, smarter Pilot SUV
Honda Korea has launched sales of its latest SUV model, the New Pilot 2017, less than a week after unveiling its new Accord Hybrid, the company announced Monday. “There continues to be growing interest … in the Pilot series because of its design, safety and space utilization, especially in a consumer culture of meticulous comparison that focuses on safety and fuel efficiency,” said Honda Korea CEO Chung Woo-young, in the company’s press release Monday.Honda Korea releases its “New Pilot 2017”
Jan. 24, 2017
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Hyundai Motor develops heat resistant catalyst
Hyundai, Kia Motors researchers examine the catalyst used in a device that reduces gas emissions. (Hyundai, Kia Motors)Hyundai and Kia Motors, South Korea’s two biggest auto manufacturers, succeeded in developing a catalyst that can withstand heat of up to 900 degrees Celsius, the firm said Monday. “The latest research is meaningful in that we can now spearhead the transformation of the internal combustion engine to an eco-friendly one with self-developed air purification technology,” a company
Jan. 23, 2017