Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Hyundai Motor unveils wearable robot technologies
The nation’s largest automotive company Hyundai Motor Group offered a peep into its wearable robot technologies. Photos, posted on the group‘s blog Friday, show wearable suits like those seen from “Iron Man” movies, although Hyundai’s don‘t cover the whole body. The wearer’s physical strength increases by simply donning them, according to the company. “The wearable robots, being developed with the aim of mass production, can be used for various purposes,” Hyundai Motor Group’s spokesperson told
May 13, 2016
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Dongwon recalls tuna cans over unidentified substance
Dongwon F&B has begun a voluntary recall of its mild tuna products in response to consumer concerns over an unidentified black substance in some of the cans, the company said Friday.The recalled product is the brand’s Mild Tuna 210 g, marked with expiration dates from March 23 to April 25, 2021. The company said that about 1.17 million cans will be collected from consumers and retailers.Dongwon said through a statement that the black substance was caused by “high heat in the manufacturing proces
May 13, 2016
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Hankook Tire picked as supplier for Tesla’s Model 3
Hankook Tire, the country’s largest tire-maker, was recently chosen as a supplier for Model 3, the first mass market brand of U.S. luxury electric vehicle maker Tesla, according to local news reports.The reports said the EV-only tire of Hankook was picked based on the results of a recent performance test conducted by Tesla. Tesla’s Model 3 EVThe company, however, declined to comment on the deal, mentioning its confidentiality agreement with each client.Despite the company’s response, shares of
May 12, 2016
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KT 'likely' to partner with Tesla for telematics system: sources
KT, the nation’s second-largest mobile carrier, is likely to be chosen as electric vehicle maker Tesla’s partner for telematics technology solutions, according to industry sources familiar with the matter.“KT is highly likely to partner with Tesla to work in this field,” a source told The Korea Herald on Wednesday.Tesla reportedly plans to roll out its flagship models Model X and Model S in Korea early next year ahead of its release of less expensive Model 3 probably in 2018. Telematics technolo
May 12, 2016
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Hankook Tire picked as supplier for Tesla’s Model 3
Hankook Tire, the country’s largest tire maker, was recently chosen as a supplier for Model 3, the first mass market brand of U.S. luxury electric vehicle maker Tesla, according to local news reports.The news reports said the EV-only tire of Hankook was picked based on the results of a recent performance test conducted by Tesla. Tesla’s Model 3 EVThe company, however, declined to comment on the deal, mentioning a confidentiality agreement with every client on a contract.Despite the company’s re
May 12, 2016
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Employees at Korean carmakers prefer Tesla for EV purchase
More than half the employees working in the nation’s automotive industry said they would consider a Tesla car for their future purchase of an electric vehicle, a survey found Wednesday. Blind, a social app provider that operates anonymous bulletin boards for employees of a specific company or an industry overall, conducted the survey on 164 members of its auto section. According to the survey, 53.7 percent of respondents said fully-electric vehicles would not become a general trend in the nation
May 11, 2016
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Hyundai, Kia see Mexico sales in April hit all-time high
Hyundai Motor and its smaller affiliate Kia Motors saw their monthly car sales in Mexico hit an all-time high in April, industry data showed Wednesday.According to the data by a local automotive association, the two Korean carmakers sold a combined 7,086 units in Mexico last month, the largest since Hyundai Motor entered the market in May 2014. Their previous monthly sales record was 6,128 units set in March.Hyundai Motor sold 3,053 units in April, while Kia Motors sold 4,033 units in the same m
May 11, 2016
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[Photo News] Audi rolls out new A4
Audi Korea unveiled the all-new luxury sedan Audi A4 in Seoul on Tuesday. The new sedan has 252 horsepower, a maximum torque of 38.0 kg.m. and a combined fuel efficiency of 12.5 kilometers per liter. The starting price of all-new Audi A4 is 49.5 million won ($42,185). (Audi Korea)
May 10, 2016
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Hyundai Motor's cumulative sales in India top 4 mln
Hyundai Motor, Korea's leading automaker, has sold more than 4 million cars in India since its advance into the market about 20 years ago, industry data showed Tuesday.Hyundai Motor opened its local corporate body in India in 1995, with its first plant there going into operation in 1998. It opened a second plant in 2008, which raised its annual production capacity to 650,000 units.According to the data, Hyundai Motor's cumulative car sales in India surpassed the 4 million mark in November last y
May 10, 2016
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[Newsmaker] Musk's strategy: Win big by falling short
Tesla Motors Inc.'s Chief Executive Officer Elon Musk is known for making the future come early. And yet, somehow, he's always running behind schedule. Some would call this a failure of management. But it might just be a business strategy: call it the Musk Doctrine. It goes something like this: People only do paradigm-shifting work when they’re under tremendous pressure, so the key is to ensure deadlines are always impossible. This could help explain why Musk has never launched a product on time
May 9, 2016
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Ford Explorer named best-selling foreign gasoline car in April
Ford’s popular Explorer SUV topped in a ranking of month sales among gasoline-powered foreign cars in April, data showed Monday.According to the Korea Automobile Importers and Distributors Association, Ford topped in the gasoline car segment by selling 422 units of 2.3-liter Ford Explorer, a seven-seater sport utility vehicle, pushing Mercedes-Benz C 200 Coupe down to second spot. Ford Korea’s Explorer 2.3, the best-selling imported gasoline car in April (Ford Korea)As to growing popularity of
May 9, 2016
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Foreign car sales in Korea down 2% in April
Sales of foreign cars in Korea dropped 2 percent on-year in April as some importers failed to secure a sufficient amount of cars to meet demand here, industry data showed Monday.According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 17,845 units of imported cars were registered last month, down from 18,202 units tallied in the previous year.From a month earlier, April sales plunged 25.9 percent, the data showed.The downturn was attributed in par
May 9, 2016
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Driven by practical young consumers, car-sharing market growing fast
South Korea’s car-sharing market is fast expanding with a growing number of young consumers wanting to experiment with a wide range of vehicles rather than own a car. To cash in on the subtle change in the car market, the nation’s industrial giants are responding to such consumer preferences. Retail giant Lotte Group and the nation’s third-largest conglomerate SK Group are already involved in businesses that cater to such demand and the nation’s largest automaker Hyundai Motor is also considerin
May 9, 2016
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Korean overseas spending double what foreigners spend in Korea
Last year, Koreans spent nearly double overseas compared to the amount foreign consumers spent here in Korea, data showed Sunday.According to data from Statistics Korea, Korean consumers spent nearly 26.1 trillion won ($22.6 billion) overseas, roughly two times the 13.1 trillion won spent by foreign consumers in Korea.The figures include both consumer spending overseas and direct purchases from foreign websites. Tourists shop at a duty-free store in Seoul. (Yonhap)The disparity indicates a sever
May 8, 2016
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[Behind the Wheel] Sharp but stable: All-new Malibu ready to challenge mid-sedan segment
In a dramatic change from previous models, GM Korea’s new Chevrolet Malibu 2016 is sleeker than before in design and has more power.The new Malibu, presented during a media test drive on a rainy day last week, offered a stable driving experience at speeds of around 120 kilometers per hour, proving that it was ready to challenge its rivals in Korea’s mid-sized sedan segment.The new Chevrolet Malibu (GM Korea)At first, the new Malibu gave the impression of a sharp, progressive sedan. But inside, i
May 8, 2016
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[Photo News] First Avante Sport
Hyundai Motor said Sunday it held a delivery ceremony at Songdo Street Circuit located in Incheon and delivered its first Avante Sport to a customer who will participate in Korea Speed Festival. The new sport version of Avante is powered by a 1.6-liter T-GDi four-cylinder engine that produces 201 horsepower. (Hyundai Motor)
May 8, 2016
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[Photo News] Car-Park Promotion
GM Korea said Sunday it held a sports marketing event featuring Manchester United Ambassador Park Ji-sung in Seoul on Saturday. At the event, Park, a former Manchester United player, met with young soccer players from high schools and Chevrolet customers. Chevrolet is the official automotive partner of Manchester United. (GM Korea)
May 8, 2016
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LVMH to operate at Shilla I'Park duty-free shop
Shilla I’Park Duty Free has become the first of last year’s newly-licensed duty-free stores in Korea to house the world’s largest luxury goods maker LVMH Moet-Hennessy Louis Vuitton, according to Hotel Shilla Tuesday. The two companies recently agreed to launch 20 LVMH-owned brands, including Louis Vuitton, Dior, Bvlgari, Tag Heuer, Givenchy and Marc Jacobs, at the Shilla I’Park Duty Free store in Hyundai I’Park Mall in Yongsan.Hotel Shilla president and CEO Lee Boo-jin looks around Shilla I’Par
May 4, 2016
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Hyundai, Kia see mixed sales in U.S.
Kia Motors posted all-time high sales of 56,508 units in the U.S. in April, according to company officials Wednesday. The automaker attributed the record performance to a 78.9 percent on-year increase in sales of its sport utility vehicle Sportage, and a 35.6 percent sales jump of the Forte sedan. Kia Motors’ emblem (Yonhap)In the first four months this year, Kia Motors sold 202,829 units, up 4.3 percent over the same period last year.Unlike Kia’s strong performance, Hyundai Motor sold 62,213 un
May 4, 2016
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Hyundai, Kia see April sales in China up first time this year
Hyundai Motor and its smaller affiliate Kia Motors saw their sales in China grow for the first time this year in April, raising prospects that their prolonged slump in the world's largest market might be easing, industry data showed Wednesday.The two Korean carmaking giants sold a combined 146,722 cars last month in China, up 1.8 percent from a year earlier, according to the data obtained by the English-language division of Yonhap News Agency.The figures could be adjusted later as they are preli
May 4, 2016