Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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[Photo News] Polestar among luxury brands
Polestar, a Swedish all-electric vehicle maker, has become the first auto importer to open a pop-up store at the Hyundai Department Store in Pangyo, Gyeonggi Province. According to Polestar Korea, the EV maker will operate the pop-up store on the first floor alongside luxury brands such as Gucci, Hermes and Tiffany & Co. through May 14. Customers can check out the Polestar 2 on display, take the vehicle for a test ride and receive their orders at the department store.
April 16, 2023
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[Herald Interview] BMW Motorrad offers upbeat outlook for Korean sales
South Korea’s burgeoning two-wheeler market could see further growth with more policy support for motorcyclists here, the head of Region Asia, China, Pacific and Africa at BMW Motorrad urged. “South Korean motorcycle market is witnessing continuous growth every year with an increasing number of motorheads,” said Markus Mueller-Zambre during a recent interview with The Korea Herald. “Although there have been some movements to allow riding bikes on motorways, it is (one of
April 14, 2023
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[Photo News] Kona Electric
Hyundai Motor Company on Thursday launched The All-New Kona Electric, a compact electric sports utility vehicle designed to suit the different lifestyles of various customers. Equipped with a 64.8 kilowatt-hour battery, the electric SUV can drive up to 417 kilometers per charge. According to the automaker, its starting price is set at 46.54 million won ($35,200), while the actual purchase cost is estimated to be in the low to mid 30 million won range after local and central government subsidies
April 13, 2023
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[Photo News] BMW's hydrogen vision
BMW Korea on Wednesday unveiled its hydrogen-powered pilot model, the iX5 Hydrogen, on Yeongjongdo, Incheon. Based on BMW’s fifth-generation eDrive technology, it can power up to 401 horsepower and accelerate from 0 to 100 kilometers per hour in less than 6 seconds. The car’s energy tank, which takes 3-4 minutes for a full charge, can store approximately 6 kilograms of hydrogen. It can drive around 500 kilometers on a single charge.
April 12, 2023
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Hyundai to inject W24tr for EV supremacy
Hyundai Motor Group said Tuesday it will shell out 24 trillion won ($18.1 billion) to boost its electric vehicle production at home by 2030, aiming to become one of the top three carmakers globally in terms of EV sales. As part of the carmaker’s ambitious EV push, Kia broke ground to build the nation’s first EV-only production plant later in the day. “Kia’s EV plant is the first domestic production facility Hyundai will be building in 29 years. The government as a tea
April 11, 2023
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Korean Air goes all out to close Asiana deal
Korean Air said Monday it is going all out to secure regulatory approvals from the remaining competition authorities -- the EU, US and Japan -- for acquiring its cash-strapped rival Asiana Airline. Korean Air CEO Walter Cho and other top executives have led the negotiation process with the antitrust regulators, the national flag carrier said in a statement. They also met with foreign airline authorities to offer new flying slots in South Korea, but the press release did not give more details.
April 10, 2023
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[Photo News] New Mercedes-AMG EQE
Mercedes-Benz on Monday launched the new Mercedes-AMG EQE, the high-performance brand's second electric vehicle, in South Korea. Equipped with a 90.56-kilowatt-hour battery, the latest EV can drive up to 354 kilometers on a full charge, according to the automaker. The German brand's fastest EV so far, the new Mercedes-AMG EQE can reach 100 kilometers per hour from zero in 3.5 seconds. The price begins at 143.8 million won ($109,000).
April 10, 2023
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[From the Scene] Han Sung Motor expands service center for Mercedes-Benz owners
Dozens of customers were seen waiting in the lounge of the first floor at Han Sung Motor’s Mercedes-Benz Seongdong Service Center on a Thursday afternoon. About two hours later, only several remained. As the official dealer of Mercedes-Benz cars, it showed Han Sung Motor’s swift customer service for Korean owners of the German luxury brand. “The first keyword is superior customer dedication. Under superior customer dedication, we understand customers’ intricacy, customer
April 10, 2023
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SK Energy opens first hydrogen charging station for trucks
SK Energy, a leading oil company under SK Innovation, said Sunday it has opened the country's first hydrogen charging station for large cargo trucks in Ulsan, an industrial city on the southern coast. With the charging capacity of 80 kilograms per hour, the hydrogen fueling station can charge 16 passenger cars per hour or 40 large trucks a day. Of the 7 billion won ($5.3 million) joint investment with the Korean government and Ulsan city, SK Energy shelled out 1.3 billion won to build a 1
April 9, 2023
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Average unit price for exported Korean cars hits all-time high
The average unit price for Korean car exports hit an all-time high of $21,276 last year, thanks to the popularity of ecofriendly cars and recreational vehicles, data from the Korea Automobile Manufacturers Association showed Sunday. The price is a 40.5 percent jump from $15,147 in 2017. Last month, the average unit price reached $22,515. In 2022, the auto export volume surged on-year by 12.7 percent to 2.3 million units, while the total export price jumped 18 percent to $48.9 billion. The figu
April 9, 2023
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[Photo News] On top of the world again
The Ioniq 6, Hyundai Motor Company's all-electric vehicle, took home the World Car of the Year honor at the award ceremony held at the New York International Auto Show on Wednesday. The victory marked the second consecutive win for the carmaker after its predecessor, the Ioniq 5, was given the same award a year ago. The Ioniq 6 also won the World Electric Vehicle and World Car Design of the Year, given by a jury of 100 automotive journalists from 32 countries.
April 6, 2023
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Korean Air resumes more flights to popular European cities
Korean Air said Wednesday it is resuming services to four major destinations in Europe by late April. After a three-year hiatus due to the COVID-19 pandemic, the airline has resumed flights to Prague and Zurich since March 27, while those for Istanbul and Madrid are set to be resumed from April 24. Each route will have three flights per week. The four cities are among the most popular tourist destinations in Korea. Prague in eastern Europe is home to many UNESCO world heritage sites. Zurich, the
April 5, 2023
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LG Energy Solution bolsters battery supply chain in Morocco
LG Energy Solution has secured a supply chain of critical material for making electric vehicle batteries in Morocco in its efforts to bolster its readiness for toughened regulations in its key markets -- the US and Europe. According to the South Korean battery maker on Wednesday, the company signed a memorandum of understanding with Chinese lithium compounds producer Yahua to produce lithium hydroxide in the North African country. The US’ Inflation Reduction Act and EU’s Critical Raw
April 5, 2023
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[Photo News] Disruptor designer of the year
Hyundai Motor Group won two awards at Newsweek’s World’s Greatest Auto Disruptors awards held Tuesday. Chief Creative Officer Luc Donckerwolke (right) was named the disruptor designer of the year, while Genesis House New York, a flagship luxury showroom, won the disruptor marketing of the year award. Last year, Executive Chair Chung Euisun was given the top visionary of the year award.
April 5, 2023
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Thinking out of the box: Walter Cho’s leadership shines in crisis
Amid prolonged lockdowns and closed borders, the COVID-19 pandemic had been particularly brutal on the aviation sector. But Korean Air, the nation’s flag carrier, was a rare case that turned the crisis into a blessing under the leadership of CEO Walter Cho. In November 2020 when the coronavirus pandemic was rampant around the world, Korean Air announced a bid of 1.8 trillion won ($1.37 billion) to acquire its crosstown rival Asiana Airlines, paving the way for it to become the largest ai
April 5, 2023
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Masta Electric looks to support SME owners
Masta Electric Vehicle on Tuesday signed a partnership with the Korean federation of small and medium business (SME) groups to support SME owners and expand its presence in the market. The two sides inked a memorandum of understanding at Masta Electric Vehicle’s exhibition booth at the Seoul Mobility Show held at Kintex in Gyeonggi Province. Representing some 20 SME groups and their 7 million members nationwide, the SMEs federation bought 400 units of Masta Him, the automaker’s small
April 4, 2023
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KG Mobility unveils roadmap for reboot
KG Mobility, formerly SsangYong Motor, said Tuesday it will be reborn as a futuristic mobility company focusing on electric vehicles, autonomous driving and software-defined vehicles. “Unlike other global automakers, we don’t consider exporting cars as our one and only goal,” said KG Mobility Chairman Gwak Jae-sun during a press conference at Kintex, Ilsan, Gyeonggi Province. “Instead, we will strive to produce cars made from our own (automotive) technology.” With
April 4, 2023
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[Photo News] Genesis' 1st coupe SUV
Genesis, Hyundai Motor Group's premium auto brand, unveiled its first coupe sports utility vehicle -- GV80 Coupe Concept -- at the Genesis House in New York on Monday. The carmaker said the GV80 Coupe Concept is developed to fit various lifestyles by combining practicality and sportiness based on the design philosophy of athletic elegance.
April 4, 2023
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Incheon Airport likely to turn first profit in 3 years
Incheon Airport said Monday that it is expecting to turn a profit in the first quarter this year for the first time in nearly three years, largely driven by increased management efficiency and the gradual recovery of international travel. The exact earnings will be made available after mid-April, the airport said, adding that they are highly likely to see a profit, considering the January and February earnings as well as the estimated passenger revenue in March. Following the outbreak of the
April 3, 2023
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Samsung Heavy wins W674.5b order for 2 LNG carriers
South Korean shipyard Samsung Heavy Industries Co. said Monday it has bagged a 674.5 billion-won ($517 million) order to build two liquefied natural gas carriers for an Asia-Pacific shipper. Samsung Heavy said in a regulatory filing that it will deliver the vessels to the undisclosed shipping company in stages by November 2026. So far this year, Samsung Heavy has clinched orders worth some $2.5 billion, or 26 percent of its 2023 target of $9.5 billion. In early January, Samsung Heavy obtained a
April 3, 2023