Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Yoon, Lee end first talks with differences, agree to meet more
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Woman gets suspended term for injuring boyfriend with knife
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Samsung chief bolsters ties with Germany’s Zeiss
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Tesla cars to get fewer green credits in California
Tesla Motors Inc., which had its first profitable quarter last year aided by sales of California environmental credits, is to receive fewer for each Model S sold as the state modifies its zero-emission vehicle program.The Palo Alto, California-based carmaker, which sold ZEV credits worth $129.8 million last year to other automakers, will initially qualify for only four credits per car sold in California and states that follow its rules. That’s down from seven per Model S through 2013, according
April 6, 2014
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GM recall judge wants more info
General Motors Co. was told by a U.S. judge to provide more explanation on why she shouldn’t force it to tell drivers of 2.59 million recalled small cars to “park it” until faulty ignition switches are fixed.U.S. District Judge Nelva Gonzales Ramos, at the end of a hearing yesterday in Corpus Christi, Texas, gave the lawyers for GM until April 9 to submit written arguments. The judge was considering what would be an unprecedented order by a court to instruct GM on how to handle its recall of the
April 6, 2014
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Hyundai Sonata returns to basics
Hyundai Motor is quick to suggest that its Fluidic Sculpture design philosophy has given its vehicles a more modern look and ultimately helped it impress a growing number of customers over the past five years. But with the introduction of Fluidic Sculpture 2.0 and the newly fashioned Sonata, the Korean carmaker has pledged to go back to the basics.But this time, the basics will be more refined than ever. The Sonata is Hyundai’s longest-serving model, as it made its debut back in 1985. Due to thi
April 6, 2014
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Mercedes posts best monthly sales in March
Mercedes-Benz, the world’s third-largest maker of luxury cars, sold more vehicles in a single month than ever before as demand surged for its new compact cars and the top-of-the-line S-Class.Deliveries rose 13 percent in March to 158,523 cars and sport-utility vehicles, contributing to the best first quarter in the brand’s history, the division of Stuttgart, Germany-based Daimler AG said on Friday in a statement. The stock rose to the highest in more than six years.Sales growth at Mercedes has e
April 6, 2014
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Imported car sales jump 30.4% on-year in March
Imported car sales in South Korea jumped 30.4 percent in March compared with the same period a year ago, helped by more aggressive marketing efforts, a local trade association said Friday.A total of 15,733 new foreign-made cars were sold in the one-month period, compared with 12,063 units a year earlier, the Korea Automobile Importers and Distributors Association said. Annual foreign car sales hit a record high of 156,497 units in 2013. The latest tally showed a 13.6 percent increase in car sale
April 4, 2014
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[Herald Interview] Ghosn puts RSM at frontline of global strategy
Carlos Ghosn, chairman and chief executive of the Renault-Nissan Alliance, said Wednesday at a press conference in Seoul that the group will actively support Renault Samsung Motor’s new vision for 2016.Ghosn said he believes RSM will head Renault Group’s current global strategy, “Renault ― Drive the Change,” and play a more vital role in the group’s future.As reflected in the chairman’s words, RSM displayed considerable commitment over the past two years with an intensive revival plan that event
April 2, 2014
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Ssangyong Motor's sales rise 23% in March
Ssangyong Motor, run by Indian sport utility vehicle maker Mahindra & Mahindra, said Tuesday that its sales soared 23 percent on-year in March on the back of rising demand for its popular Korando family of off-road vehicles.The carmaker's total sales hit 13,232 units in March, comparedwith 10,761 vehicles sold a year earlier. Domestic sales reached 5,850 units, a 18.8 percent increase from the same one-month period in 2013. Exports, including knockdown kits, were tallied at 7,382 vehicles, a 26.
April 2, 2014
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Toyota Korea unveils new Lexus CT200h
Toyota Korea, the local unit of Japan’s Toyota Motor Corp., aims to recapture the hearts of Koreans with its revamped Lexus lineup. And the carmaker’s latest offering is the Lexus CT200h, a compact luxury hybrid hatchback. The New CT200h will make its appearance in two trims ― the standard “Supreme” and the sports package “F SPORT,” according to the carmaker.The sporty exterior with a spindle grille, luxurious interior in diverse color variations and the brand’s first attempt at a two-tone desig
March 30, 2014
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Hyundai, Kia help partner companies hire workers
Hyundai and Kia, the country’s two largest carmakers, operating under Hyundai Motor Group, are out to help their suppliers hire personnel.On Tuesday, the two opened a job fair as part of their ongoing shared growth program to help partner companies hire up to 17,000 new workers this year.A total of 370 partner companies have set up booths at the two-day event being held at Coex in southern Seoul.This year’s fair is particularly significant because it includes businesses that also provide parts a
March 25, 2014
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[SUPER RICH] Shinsegae heir’s very public love affair with Tesla
When Shinsegae Group vice chairman Chung Yong-jin bought himself a Tesla Model S last year, it seemed to make perfect sense given the trendsetting image of the entrepreneur, who is known for his youthful fashion style and easygoing manner, and for tweeting his thoughts to consumers. Chung, son of Shinsegae chairwoman Lee Myung-hee and nephew of Samsung Group Chairman Lee Kun-hee, became the first individual to own a Tesla vehicle in Korea. Hyundai and Kia reportedly own two cars for research pur
March 24, 2014
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Eco-friendly cars top Hyundai’s sustainable growth plan for 2014
Development and mass production of eco-friendly cars topped Hyundai Motor Co.’s latest sustainable growth report released Tuesday, which highlights the carmaker’s goals for 2014.The annual report calls for the full-fledged market introduction of the world’s first mass-produced fuel cell electric vehicle and development of environmentally friendly, low-carbon emitting cars.South Korea’s largest carmaker is expected to lease its Tucson fuel cell cars in the United States this year after extensive
March 18, 2014
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BMW Motorrad unveils New R nineT
BMW Motorrad Korea, the motorcycle arm of BMW, launched Wednesday in Seoul its latest addition to the local lineup, the New R nineT.The timely release of the new motorbike may be interpreted as a strategic move to capitalize on the fast-growing domestic market.The R nineT draws inspiration from the R32, BMW Motorrad’s very first motorcycle, made in 1923.The R nineT has a 1,170 cubic-centimeter air-cooled boxer engine and integrates advanced modern technologies yet displays a retro design, creati
March 16, 2014
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Nissan, Daimler agree to create Mexican venture
Nissan Motor Co. and Daimler AG agreed to create a joint venture for cooperation efforts in their auto operations in Mexico, according to people familiar with the matter.The automakers will each control 50 percent of the venture, which would oversee potential projects, such as joint vehicle production, they said, asking not to be identified because the discussions are private. Talks on specific initiatives are still ongoing between the companies and the Mexican government, they added.Mercedes an
March 16, 2014
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GM ignition-flaw death toll seen rising as victims sought
The death toll related to an ignition flaw in eight small-car models that General Motors Co. sold a decade ago is likely to climb, say lawyers and safety advocates.Automakers often make upward revisions to fatality figures related to recalls as they unearth fresh information, while attorneys are racing to line up plaintiffs seeking compensation for alleged wrongful deaths or injury. GM’s liabilities are also poised to rise as lawyers and safety advocates press the biggest U.S. automaker to pay r
March 16, 2014
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E-car batteries contribute to China’s pollution woes
As more environmentally conscious Americans do their bit to help clear the air by paying up for an eco-friendly Prius or a sporty Tesla, a damaging form of polluted rain is falling in China.The link is graphite, a vital component in batteries used in Tesla’s Model S, Toyota’s plug-in Prius and other electric cars, as well as in electronic gadgets including iPhones. It’s mostly mined and processed in China, where graphite pollution has fouled air and water, damaged crops and raised health concern
March 16, 2014
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Carmakers at Jejudo expo upbeat about electric vehicle sales
JEJUDO ISLAND ― Jejudo Island has long been said to have too many rocks, too much wind and too many women. And now the resort island has another thing to brag about ― electric vehicles.There are some 371,000 vehicles on Jejudo’s roads. The local government aims to replace all of them with zero-emission, full-electric cars by 2030.Under the ambitious plan, the island is offering the world’s highest EV subsidies, worth 23 million won ($21,000) per purchase, and has set up a wide network of 497 cha
March 16, 2014
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[Weekender] Renault Samsung’s SM3 Z.E. leads market
Renault Samsung Motors’ endeavors to go electric appear to be paying off. The company now expects to sell more than 4,000 units of its representative electric car, the SM3 Z.E., this year. “Electric cars will be the engines of growth leading the green growth of Korea,” said Francois Provost, chief executive of the company at the announcement of its EV production in October 2013. According to the carmaker, a total of 453 units of the nation’s first full-electric subcompact car left showrooms in 2
March 14, 2014
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[Weekender] Kia Soul defends Korea’s pride in EV market
Kia Motors, an affiliate of Hyundai Motor, has debuted the full-electric version of its hot-selling Soul compact, joining the heated competition in the nation’s nascent EV market. Its Korean sales will start in April. The carmaker predicts that the Soul EV will go down in history as an important stepping stone for future development in the domestic market for electric cars, and eco-friendly vehicles in general.“The Soul EV is proudly Hyundai-Kia’s most recent masterpiece that integrates all of t
March 14, 2014
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[Weekender] BMW lays groundwork for luxury electric vehicles
BMW is determined to revolutionize the future of electric cars with the i3, its first fully electric vehicle, amid signs of a market boom in Korea and globally.The BMW i3 enters the scene at a crucial time for the auto industry.Market analysts predict that following the trends of diesel cars and hybrids, electric cars too will one day become more conventional.As a result, BMW joined the race and built the first electric car for a luxury auto brand ― its significance being that the i3 was not bui
March 14, 2014
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Hyundai Motor shareholders freeze exec pay, outline goals
Shareholders of Hyundai Motor Co., South Korea’s No. 1 carmaker, froze the annual salary of company board members and outside directors in a meeting Friday and approved more than 530 billion won ($494.73 million) in dividend payments for last year’s profits.The flagship company of Hyundai Motor Group, the world’s fifth-largest automotive conglomerate, said 1,499 shareholders attended the meeting at its headquarters in southern Seoul and passed a motion reappointing Chung Mong-koo as the company’
March 14, 2014