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The Korea Herald > Business > Automode

Korea's auto imports top $10b in 2016

South Korea's annual imports of automobiles topped $10 billion for the second consecutive year in 2016 despite lingering repercussions stemming from Volkswagen's emissions scandal, industry data show...

Updated : 2017.02.15 09:19

Hyundai Steel pushes for steel plate price hike

Hyundai Steel, South Korea’s No. 2 steelmaker, has been pushing to raise the price of its automotive steel plates supplied to Hyundai and Kia Motors, according to industry sources. Hyundai and Ki...

Updated : 2017.02.14 18:28

BMW aims to overtake top-seeded Benz with new 5 series

BMW Korea is preparing to launch the seventh generation of its 5-series luxury sedan on Feb. 21, looking to reclaim its throne as the country’s best-selling imported car brand after being bested la...

Updated : 2017.02.14 15:56

433 imported trucks sold in Jan.

A total of 433 imported trucks were sold in South Korea last month, industry data showed on Tuesday. According to the data compiled by the Korea Automobile Importers and Distributors Association, Vo...

Updated : 2017.02.14 15:45

Car imports up, exports down with US following tariff lift

Following the effectuation of the Korea-US Free Trade Agreement in 2012, both countries fully lifted their import tariffs on vehicles early last year. Since the implementation, data shows that Korea’...

Updated : 2017.02.13 16:10

[Behind the wheel] New Chevy Cruze highlights safety with 360-degree protection

The 2017 Chevrolet Cruze takes to the road during a media experience test drive Wednesday morning. (GM Korea) Featuring 360 degrees of advanced protection technology, driving seems to feel safer wit...

Updated : 2017.02.12 16:48

Auto parts supplier set for listing on KOSDAQ

Mobile Appliance Inc., a smart car parts supplier, said Friday that it will be listed on South Korea's stock market later this month. The company, a manufacturer of mobile personal navigation device...

Updated : 2017.02.10 16:57

Kia Motors' Mexico sales jump fivefold in 2016

Sales of South Korea's No. 2 automaker Kia Motors Corp. in Mexico jumped more than five times from a year earlier in 2016, suggesting a possible solution to a newly proposed U.S. tax on foreign-made ...

Updated : 2017.02.10 10:07

GM Korea aims to sell record 194,000 vehicles this year

GM Korea CEO James Kim has set Chevrolet’s domestic market annual sales target at 194,000 units, the highest-ever local sales goal for the global brand, according to GM on Thursday. Last year the ...

Updated : 2017.02.09 17:57

GM Korea sets domestic sales target at 194,000 for 2017

GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., seeks to sell 194,000 cars in South Korea in 2017, the company said Thursday. The annual domestic sales target was released ...

Updated : 2017.02.09 12:05

Renault-Nissan sales close to 10 million in 2016

PARIS (AFP) -- Renault-Nissan said Wednesday it sold nearly 10 million vehicles worldwide as the group faces up to accusations that Renault participated in an emissions scandal. Renault-Nissan, whic...

Updated : 2017.02.08 21:02

GM Korea officials, labor under fire for selling jobs

Executives and unionized workers at GM Korea, a local subsidiary of General Motors, are to face trials for allegedly receiving bribes in exchange of offering permanent jobs to contract workers. Pros...

Updated : 2017.02.08 18:30

Hankook Tire, Kumho Tire expand US presence

Hankook Tire's new plant in the US state of Tennessee. (Yonhap) Hankook Tire, South Korea’s No.1 tire maker, will be hiring about 1,200 employees to work at its new plant in the US state of Tenness...

Updated : 2017.02.08 18:13

Hyundai, Kia win four iF awards

Hyundai Motor and its sister company Kia Motors have won four awards from the annual International Forum Design Award, one of the three major industrial design competitions, the company said Wednesda...

Updated : 2017.02.08 16:40

Hyundai Motor delays China launch of Sonata hybrid amid THAAD row

South Korea's leading automaker Hyundai Motor Co. has reportedly postponed the launch of its Sonata plug-in hybrid in China by nearly a year, company official said Wednesday, due to what many believe...

Updated : 2017.02.08 10:26