The Korea Herald

Hyundai Wia to supply auto parts to global carmakers under W702b deal

Jan 29, 2020

Hyundai Wia said Wednesday that it has clinched a 702 billion won ($596 million) deal with European and US automakers to supply constant-velocity joints (CV joints). Hyundai Motor Group’s automotive...
Aviation, travel industries count cost of coronavirus outbreak

Jan 28, 2020

Duty free operators are also taking measures to prevent the spread of the virus. Lotte Duty Free created an emergency team on Friday and has ordered a set of response measures to be carried out by i...
30-somethings biggest buyers of foreign cars

Jan 27, 2020

South Koreans in their 30s made up the biggest customer group for foreign cars here last year, according to industry data on Monday. Data from the Korea Automobile Importers & Distributors Associati...
Hyundai Motor to produce hydrogen commercial cars in China

Jan 25, 2020

Hyundai Motor Co. said Saturday it will produce hydrogen fuel-cell electric commercial vehicles in its Chinese plant to make inroads into the local electric vehicle market. In the China EV100 Forum ...
Hyundai Motor heir gets rid of Elliott risk

Jan 23, 2020

The road to Hyundai Motor Group Executive Vice Chairman Chung Euisun reigning over the nation’s largest automobile giant is predicted to be less bumpy as activist hedge fund Elliott, which had put th...
[News Focus] What will happen at Hanjin KAL’s March shareholders meeting?

Jan 23, 2020

Eyes on KCGI, Bando Construction, Kakao to see if they back Cho Won-tae or Cho Hyun-ah
Hyundai Motor sales surpass W100tr for first time in 2019

Jan 22, 2020

Automaker sees boost from higher-end models; firm to maintain year-end dividend at the 3,000 won level
Imported commercial car sales dip 11% in 2019

Jan 22, 2020

Sales of imported commercial vehicles in South Korea fell 11 percent in 2019 from a year earlier as demand remained weak amid a slowing economy, an industry association said Wednesday. The number of...
Hyundai’s Chung Euisun presents 3 directions for hydrogen society in Paris

Jan 21, 2020

Automaker chief says there is no shortcut to future hydrogen society
Mahindra says W500b required for SsangYong turnaround by 2022: sources

Jan 21, 2020

Indian carmaker Mahindra & Mahindra Ltd. is considering a capital injection of 500 billion won ($430 million) for its South Korean unit, SsangYong Motor Co., by 2022 to secure its turnaround, industr...
Cadillac to launch five new models targeting young drivers

Jan 20, 2020

Cadillac said Monday that it planned to launch four new models and one face-lifted model in Korea this year -- mostly sports utility vehicles -- to position itself as a young, dynamic brand for young...
S. Korea changes subsidy scheme for eco-friendly autos

Jan 20, 2020

South Korea's finance and environment ministries said Monday that they have changed a state subsidy scheme for eco-friendly vehicles to allow buyers of efficient cars to get larger subsidies from thi...
[Behind the Wheel] GV80 packs in high-tech driving experience, with some unfamiliar functions

Jan 19, 2020

Hyundai Motor’s luxury brand Genesis unveiled its first sport utility vehicle GV80 last week, with a goal of selling 24,000 units in South Korea this year. The model will be launched in North Americ...
[Herald Interview] S. Korea very lucrative market for Rolls-Royce: CEO

Jan 19, 2020

Luxury carmaker Rolls-Royce sold a record 5,152 cars globally in 2019, up 25 percent on-year. And the South Korean market was “instrumental” in this achievement with the growing popularity of its SUV...
Korean Air says new loyalty program reflects global standards

Jan 17, 2020

Korean Air, the country’s biggest and national flag carrier, is trying to assuage customers ill at ease about a revised plan for the airline’s loyalty program, saying the latest changes reflect globa...