Most Popular
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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[KH Explains] Can tech firms' AI alliances take on Nvidia?
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Police seek arrest warrant for med student who killed girlfriend
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Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
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Young Korean doctors seek plan B: cosmetic dermatology or overseas
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[Test Drive] All-new Grand Cherokee blends off-road features with luxurious city driving
The Grand Cherokee -- Jeep’s flagship sport utility vehicle -- has been at the top of the game in the global SUV market. As the most-awarded SUV model, it has won over 700 accolades since its first generation made its debut in 1992, according to the carmaker. The all-new Grand Cherokee 4xe, a plug-in hybrid SUV that recently became available for sale in South Korea, features the carmaker’s latest EV technology and off-road strengths. The Grand Cherokee 4xe allows drivers to select
Dec. 25, 2022
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International flight passengers exceed domestic travelers for first time since pandemic
The number of international flight passengers exceeded domestic travelers for the first time since the onset of the coronavirus pandemic in 2020, data showed Sunday, with the figure still remaining at half the pre-pandemic levels. According to data from the Ministry of Land, Infrastructure and Transport, the number of international flight passengers was 3.08 million in November, while the figure for domestic flight passengers was 2.85 million. It was the first time the country saw the number of
Dec. 25, 2022
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Battery giants to see W50tr revenue amid booming EV market
South Korean battery giants -- LG Energy Solutions, Samsung SDI and SK On -- are expected to see a combined sales of some 50 trillion won ($39 billion), marking a record-breaking year amid burgeoning demand for electric vehicles overseas. LG Energy Solutions’ revenue this year is estimated to surge on-year by 41.4 percent to 25.2 trillion won, according to data from market tracker FnGuide. Net profit would skyrocket 95.3 percent to 1.5 trillion won, surpassing the 1 trillion won mark for
Dec. 23, 2022
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SsangYong Motor to change name to KG Mobility
SsangYong Motor will change its name to KG Mobility to maximize the carmaker’s strengths in the future, KG Group Chairman Kwak Jea-sun said Wednesday. “The name -- SsangYong Motor -- has a fandom with good memories, but it also has a painful image,” Kwak said at an event held by the Korea Automobile Journalists Association at Four Seasons Hotel Seoul. “From now, all SsangYong cars will come out to the world under the name of KG. Even with the name change, SsangYong Motor&
Dec. 22, 2022
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Hyundai Motor hits milestone of 15 million US vehicle sales
Cumulative sales of Hyundai Motor vehicles in the United States since the automaker began operations there 36 years ago reached 15 million on Wednesday, according to data presented by the automaker on Thursday. Hyundai Motor America, the automaker’s US subsidiary, delivered on Wednesday its 15 millionth vehicle to a customer at the West Herr Hyundai dealer in Williamsville, New York. Hyundai Motor kicked off its US operations in 1986 when it exported its Excel model. The Excel was Hyundai&
Dec. 22, 2022
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[KH Explains] Tips to minimize EV range loss in cold weather
Cold wave alerts prompt drivers to take greater caution to stay safe on snowy and icy roads. However, some 370,000 electric vehicle owners face an extra challenge with less driving range. Combustion engine and hybrid cars see their fuel economy fall by 10 to 20 percent in freezing weather. But the impact is much more severe for EVs, experts say. “At minus 10 degrees Celsius, EVs that have heater pumps show 20-25 percent drop in driving range, while those with no heater pumps can decrease i
Dec. 21, 2022
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[Photo News] Hyundai's all new Kona
HYUNDAI'S ALL NEW KONA -- Hyundai Motor on Tuesday unveiled the design of the upcoming second-generation compact SUV Kona. It is the car's first face-lift since its debut in 2017. The carmaker plans to unveil the car and its first electrified version earlier next year.
Dec. 20, 2022
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Hyundai Motor prepares for future with younger executives
Hyundai Motor Group on Tuesday promoted 176 employees to executive positions with a focus on rewarding achievements and preparing for the future as one in three of the newly promoted personnel were in their 40s. The company said the executive promotions were performance-based, as the global carmaker sought to find leaders who can continue to carry out ongoing changes and future innovation in a stable manner to cope with uncertain business environments. Of the 224 new promotions, about 70 percent
Dec. 20, 2022
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LG Energy Solution to invest W4tr in battery plant expansion
South Korean battery maker LG Energy Solution will invest 4 trillion won ($3.1 billion) in expanding battery manufacturing facilities at its Ochang plants in Cheongju, North Chungcheong Province, through 2026, the company announced Monday. Representatives from the battery maker, the local government of North Chungcheong Province and the city of Chungju signed the investment agreement earlier in the day. The investment will go toward expanding and upgrading the cylindrical battery production line
Dec. 19, 2022
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Samsung, BMW chiefs ramp up electric vehicle battery partnership
Chief executives of Samsung Electronics and BMW Group, two leading business moguls in tech and automotive industries, met on Saturday to strengthen their electric vehicle battery alliance. Samsung Electronics Chairman Lee Jae-yong met with BMW Group Chairman Oliver Zipse at BMW’s driving center in Incheon to discuss further measures to facilitate collaboration, according to the Korean tech giant. It is the second time the two have met since Lee's business trip to Europe in July. &ld
Dec. 18, 2022
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Airports eye travel rebound induced by K-culture boom next year
Piggybacking on the global popularity of Korean culture led by K-pop and K-dramas, Korea Airports Corporation said Thursday it is going all out to attract more international travelers next year. “Welcoming 2023 and 2024 as the Visit Korea Year, we plan to bring in as much as 8.5 million inbound travelers, 40 percent of the pre-pandemic level, by combining K-culture and tourism,” Korea Airports Corporation CEO Yoon Hyeong-jung said during a press conference at the company headquarte
Dec. 15, 2022
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[From the Scene] Hyundai Motor seeks to provide best EV aftersales service
CHEONAN -- South Korea’s leading carmaker Hyundai Motor Group is looking to stay ahead in electric vehicle aftersales services as the company continues to ramp up the development and production of EVs amid the increasing demand for eco-friendly cars. Lee Tae-soo, vice president of Hyundai Motor’s Korean customer service division, pointed to how the country's growing EV market meant customers have come to expect more from them. Korean carmakers from January to October this year s
Dec. 15, 2022
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LG-GM joint venture secures $2.5b from US to fund EV battery plants
Ultium Cells -- a joint venture between LG Energy Solution and General Motors -- has secured a $2.5 billion (3.27 trillion won) loan from the US Department of Energy to help finance the construction and expansion of three electric vehicle battery manufacturing facilities in Ohio, Tennessee and Michigan, officials said Tuesday. According to the Energy Department, the announcement marked the first finalized loan exclusively for a battery cell manufacturing project under the Biden Administration&rs
Dec. 13, 2022
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Pre-pandemic level travel rebound yet to come: Incheon Airport CEO
Although the endemic phase is nearing, Incheon International Airport said Tuesday it will take another three years for South Korea's largest airport to recover the number of international passengers to pre-pandemic levels. “Due to the prolonged COVID-19 shutdowns from China and other countries, we expect the travel demand should rebound by 2025,” said Kim Kyung-wook, CEO of Incheon International Airport. “For next year, we predict international travelers will surge by 59
Dec. 13, 2022
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Hyundai Motor to supply fuel-cell systems to Germany's Faun
Hyundai Motor Group said Monday it will supply a total of 1,100 hydrogen fuel-cell systems to Enginius, an eco-friendly car brand under the Germany-based Faun Group, in a three-year deal. It is the first time the South Korean carmaker has agreed to provide a massive amount of electric power systems. Under the deal, Hyundai’s 90-kilowatt hydrogen fuel-cell systems will power Enginius’ two brands -- Bluepower for garbage trucks and Citypower for cargo trucks whose market debuts are set
Dec. 12, 2022
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Hyundai Motor eyes top spot with 2nd Vietnam plant
HANOI, Vietnam -- Hyundai Motor has mostly remained No.2 in Vietnam in terms of market share, but it seeks to change that with its new plant in Ninh Binh province, located just South of Hanoi, a senior official at the local unit told The Korea Herald. “Bolstered by our increased annual production capacity due to the second factory that started operating in November, our annual sales in the Vietnamese market next year is projected to jump to at least 85,000 to 90,000 vehicles from the curr
Dec. 12, 2022
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Hyundai inches away from double-digit market share in Brazil
Hyundai Motor Group is a small step from seeing double-digit market share in Brazil, 10 years after it first entered the automobile market there. According to data from the Brazil Automobile Dealers Association, Hyundai sold 171,312 vehicles in Brazil in the January-November period, recording a 9.8 percent market share. It marks its second-highest number, following 9.9 percent in 2016. The top-selling car model was the HB20, a subcompact car model exclusively produced for Brazil, selling 89,
Dec. 12, 2022
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[Photo News] Hydrogen fuel-cell alliance
Hyundai Motor Group Vice President Lim Tae-won (left) shakes hands with Patrick Hermanspann, CEO at FAUN Group, at the German carmaker's headquarters in Osterholz Scharmbeck, on Thursday, after celebrating a new partnership, under which Hyundai supplies 1,100 hydrogen fuel-cell systems for FAUN's eco-friendly garbage cars and cargo trucks.
Dec. 12, 2022
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[Test Drive] All-new Hyundai Grandeur a mix of heritage and future elements
The “square Grandeur” is back. Hyundai Motor’s latest and seventh edition of its flagship sedan combines cutting-edge technology with a heritage design inspired by the first-generation Grandeur. When the Grandeur -- Hyundai Motor’s classic high-end sedan -- made its debut in 1986, the luxury car became an instant hit among CEOs at leading companies across South Korea and became a symbol for successful businessmen. Due to the sedan's front side design, it received the
Dec. 11, 2022
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Hyundai’s Ioniq 5 wins Japan’s import car of the year
Hyundai Motor Group's Ioniq 5 electric vehicle has won the title of the best import car of the year in Japan, the automaker said Friday. It is the first time the South Korean automaker has made it onto the award-winning list of the Japan Car of the Year Award. Hyundai’s Ioniq 5 outranked BMW’s iX, Land Rover’s Range Rover, Renault’s Arkana and other distinguished car models. The award’s executive committee said Ioniq 5 was well-received for its innovative des
Dec. 9, 2022