Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Electric charging point at gas station starts operation in Jeju
An electric car charging facility installed at a gas station started operation on Wednesday for the first time in South Korea as part of the government's efforts to expand the use of the green energy vehicles, the trade ministry said.Recently, the South Korean government revised related laws to allow filling station operators to set up an electric vehicle charger without the need to install explosion prevention facilities, according to the Ministry of Trade, Industry and Energy.A filling station
Sept. 7, 2016
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[Photo News] Hyundai Chief visits US design center
Hyundai Motor Group Chairman Chung Mong-koo (right) talks with Tom Kearns, chief designer of Kia Motors’ design center in California, during his visit to the US on Monday. (Hyundai Motor)
Sept. 6, 2016
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Import vehicle sales plunge 12.5%on-year in Aug.
Sales of imported vehicles in South Korea dropped sharply from a year earlier in August, industry data showed Tuesday, following the government ban on sales of 80 Audi and Volkswagen vehicle models in the worst emissions scandal in the country's history.According to the data compiled by the Korea Automobile Importers and Distributors Association, 15,932 imported cars were registered here in August, down 12.5 percent from the same month last year.From a month earlier, the August tally marked a 1.
Sept. 6, 2016
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Hyundai Motor chairman urges development of luxury, clean vehicles
The chief of South Korea's top automaker Hyundai Motor Group on Monday called for stepped-up efforts to develop new luxury and environmentally friendly cars to meet future demands, saying the future is already here.Group Chairman Chung Mong-koo also stressed the importance of the US market as he headed to the world's second-largest auto market."Good performance in the US, the fiercest battleground for global carmakers, is very important. But what is more important are the changes the auto indust
Sept. 5, 2016
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Nissan to recall 7,500 cars sold in Korea
Nissan Korea Co., the South Korean importer of Nissan cars, will recall over 7,500 vehicles sold here for a software defect that may lead to air bag failures, the transportation ministry said Monday.The recall affects 7,574 units of four vehicles models -- the Nissan Q50 sedan, the QX60 crossover SUV, the Nissan Pathfinder SUV and the Nissan Leaf compact hatchback -- according to the Ministry of Land, Infrastructure and Transport.The ministry said a defect in the cars' occupant classification sy
Sept. 5, 2016
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Korea's auto sales hit 7-yr low in Aug.
Sales of South Korea-based carmakers dropped to a seven-year low last month, industry data showed Sunday, mainly on the back of a series of labor strikes and the end of tax favors for new vehicle purchases.According to the data from the Korea Automobile Manufacturers Association, domestic sales of locally produced vehicles came to 108,617 units, with 142,987 units being sold abroad in August.This brings the total to 251,604, excluding those produced in overseas factories, the monthly data showed
Sept. 4, 2016
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Will Korean battery makers’ struggle in China affect Hyundai?
South Korea’s largest automotive maker Hyundai Motor may face a setback in China with its new plug-in hybrid cars as the issue surrounding battery certification remains unclear. Samsung SDI and LG Chem, which supply car batteries to Hyundai and Kia Motors, have failed to win certifications in June and are yet to resubmit the applications. If they fail to get their batteries certified in China, Hyundai Motor and its affiliate Kia Motors’ new plug-in hybrid cars may not receive subsidies up to $26
Sept. 2, 2016
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Tesla to accelerate charging infratructure with Shinsegae
Tesla announced Thursday that it would open a retail location in the nation‘s largest shopping mall later this year.The American automotive company said the first store would be located in Shinsegae Group’s Starfield Hanam mall in Gyeonggi Province and more shops were expected to open in 2017 and 2018 in other Shinsegae locations. AP-YonhapTesla plans to expand partnerships with the retail giant to accelerate its charging infrastructure. “Shinsegae will support the rapid deployment of the Tesla
Sept. 1, 2016
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Will LG Chem supply battery for BMW’s hybrids?
[THE INVESTOR] Battery firm LG Chem has reportedly inked a supply deal with German luxury sedan maker BMW. The deal is reportedly the second of its kind with the German firm, following the previous one in the latter half in 2015.“LG Chem has stricken a deal to supply its 48-volt lithium-ion battery to BMW with the aim to produce the battery from 2019,” an industry official was quoted by online news outlet News 1 as saying.“I cannot unveil the exact amount, but the deal will be worth, as far as I
Sept. 1, 2016
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Renault Samsung to export new SUV to Latin America this year
Renault Samsung Motors Co., the local unit of French automaker Renault S.A., plans to ship its new sports utility vehicle to Latin America and Australia this year, and to Europe next year, company officials said Monday.Renault Samsung is set to sell the QM6 SUV, a new version of its QM5 SUV, in the country next month, with preorders for the vehicle topping 2,000 units a day. (Renault Samsung Motors)Renault Samsung unveiled an all-new version of its QM5 SUV at the Beijing auto show in April. The
Aug. 29, 2016
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Tesla's Model 3 forecast to boost Korean demand for EVs
The entry of Tesla Motors Inc.'s more affordable electric vehicle into South Korea next year is expected to boost domestic demand for EVs considerably in light of sharp consumer interest in the envisioned model, an expert said Monday.US electric car maker Tesla is slated to unveil the Model 3 in late 2017, which is capable of traveling more than 340 kilometers before being recharged and is estimated to have a price tag of $35,000, nearly half the price of its flagship and luxury Model S. (Tesla)
Aug. 29, 2016
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Auto imports halve in July on end of tax favors, VW woes
Imports of foreign cars in South Korea more than halved in July due to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal and the end of tax favors on car purchases, industry data showed Sunday.According to data from the Korea Automobile Manufacturers Association, a total of 17,897 foreign vehicles were imported into the country last month, down 51 percent from the previous month.By country, a total of 6,423 German cars were imported in July, sharply down 58 per
Aug. 28, 2016
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Hyundai, Kia sales in China surge 30 percent
Hyundai Motor and its sister company Kia Motors saw a boost in sales last month in China, thanks to the popularity of sports utility vehicles there and the improved economic conditions, officials said Thursday.Hyundai Motor, South Korea’s largest automaker, and Kia Motors, the second-largest, sold a combined total of 111,021 vehicles in July, up 31.9 percent year-on-year. Separately, Hyundai Motor sold 70,016 units, up 29.3 percent year-on-year while Kia shipped 41,005 cars in July, increasing b
Aug. 25, 2016
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[Photo News] World's first compact SUV Convertible
Jaguar Land Rover Korea hosts a showcase for the Range Rover Evoque Convertible, the world’s first compact SUV convertible, slated for launch in Korea in September, at Yeong Bin Gwan, Hotel Shilla in central Seoul on Wednesday. (Yonhap)
Aug. 24, 2016
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Audi to recall over 1,500 A8 cars for coolant leak
German automaker Audi AG will recall certain model years of A8 luxury passenger cars sold in South Korea for a coolant leak that may cause the car to lose power while driving and thus possibly lead to accidents, the transportation ministry said Wednesday.The local government began investigating possible coolant leaks in the Audi cars in June 2014 following a series of reports from vehicle owners here, according to the Ministry of Land, Infrastructure and Transport.The government confirmed coolan
Aug. 24, 2016
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Kia Motors' Mexico sales more than double in July
South Korea's No. 2 automaker Kia Motors Corp. again renewed its monthly sales record in Mexico in July, market data showed Wednesday, suggesting its annual target of 50,000 cars will be anything but unattainable.The South Korean carmaker sold 5,510 cars, including light trucks, in Mexico last month, up more than 260 percent from the same month last year, according to the data from AMIA, the Association of Auto Manufacturers in Mexico.Kia only began selling its cars in Mexico in July 2015, but i
Aug. 24, 2016
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Korean regulations continue to hinder development of autonomous cars: report
South Korea needs to further remove regulations to support the development of domestic autonomous or self-driving vehicles, a private think tank here said Wednesday.In a report, the Korea Economic Research Institute claimed excessive or unnecessary regulations here created a major hurdle to local developers of self-driving cars, partly by adding to their costs.The report came amid government efforts to help develop and commercialize level 3 self-driving cars by 2020. A level 3 self-driving car r
Aug. 24, 2016
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Private-gov't body launches to foster hydrogen car sector
The South Korean government on Wednesday launched a consultative body of the public and private sectors in order to steer the hydrogen car industry to a leading growth engine of Asia's fourth-largest economy, the trade ministry here said.Led by the Ministry of Trade, Industry and Energy, the alliance for hydrogen convergence is comprised of provincial governments and local automotive and energy companies including Hyundai Motor Co., the country's largest carmaker, SK Gas and the state-run Korea
Aug. 24, 2016
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Ssangyong Motor reenters Philippines
By Ahn Sung-mi THE INVESTORSsangyong Motor is reentering the Philippine market after an eight-year hiatus, the company said Tuesday. The automaker, owned by India’s auto giant Mahindra & Mahindra, will begin selling its vehicles, including the brand’s popular Tivoli compact SUVs in the country. Earlier in December, Ssangyong Motor formed a contract with local distributor Ssangyong Berjaya Auto Philippines, part of the Malaysian Berjaya Group, to resume sales of Ssangyong cars in the country, whi
Aug. 23, 2016
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Korean shares open slightly higher on auto gains
South Korean shares opened slightly higher on Tuesday, rebounding from a sharp drop in the previous session.The benchmark Korea Composite Stock Price Index gained 3.63 points, or 0.18 percent, to 2,045.79 in the first 15 minutes of trading.On Monday, the index lost 14.08 points, or 0.68 percent, to close at 2,042.16.Large caps traded mixed with most tech shares in negative terrain.Market bellwether Samsung Electronics shed 0.12 percent, while global chipmaker SK hynix remained flat at 36,000 won
Aug. 23, 2016