Outside the expo, the first edition of the Korea Peninsula Peace Road Electric Vehicle Drive took place Tuesday, hosted by the Global EV Association Network and the user associations for Korea and Jeju. The program, first agreed on in the third round of the GEAN plenary session in 2018, has been designed to promote peace and prosperity of the Korean Peninsula, and to raise awareness on possible ...

BMW sells used BMW cars. Tesla is set to offer secondhand Tesla cars directly to local consumers soon. But Hyundai and Kia, the two local brands that together carry out nearly 80 percent of new car sales here, aren’t in the used car industry yet. Legally, nothing stops them from selling used cars. In 2019 the country lifted a 2013 ban intended to protect microenterprises. But due to the contin...

Korean Air said Monday that it had joined hands with petroleum and refinery company SK Energy to launch carbon-neutral jet fuel in an effort to tackle climate change. Under the partnership, the airline will purchase a month’s worth of carbon-neutral jet fuel for domestic flights departing from Jeju and Cheongju. Carbon-neutral jet fuel can be achieved when enough carbon credits are purchased to...

Volkswagen’s bestselling SUV comes with enhanced features

Move marks shift away from car carriers to creating hydrogen value chain

Hyundai Motor Group chief vows acceleration in transition to future mobility era

Audi Volkswagen Korea has appointed Sacha Askidjian as the new managing director of the Volkswagen brand in Korea, the company announced Thursday. He will replace Stephan Krapp starting from Oct. 1, who will move to the company’s headquarters in Germany to take charge of pricing strategies of Volkswagen cars in Europe. Joining the Audi Volkswagen Group in 2000, Askidjian built a 10-year career ...

South Korean carmakers' sales fell 4.5 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Wednesday. The country's five carmakers -- Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. -- sold a combined 544,992 vehicles in August...

Hyundai Motor Co., South Korea's biggest carmaker, on Wednesday unveiled the mini SUV Casper in the latest move to diversify its product lineup. The Casper comes with a 1.0-liter multi-point injection engine or a 1.0-liter gasoline direction injection engine, the company said in a statement. Hyundai plans to launch the entry-level SUV in the domestic market within this month, a company spokesma...

Renault Group set up a joint venture with China’s Geely Automobile Holdings earlier this month and plans to unveil a Renault brand hybrid passenger car in China and have Renault Samsung Motors develop an eco-friendly vehicle. For the new eco-friendly car, Renault Group said it will share technologies with Lynk & Co, a Chinese-Swedish automobile brand owned by Geely. The research and development...

Incheon International Airport is planning to start offering an unmanned currency exchange service beginning in February 2022. Dubbed the “unmanned currency exchange zone,” currency exchange machines will be installed in the airport’s Terminal 2 and will be in service 24 hours a day, officials at Incheon International Airport Corporation said on Monday. IIAC is currently in talks with major bank...

Kia’s first all-electric vehicle drives like very quiet sports car

Cash-strapped automaker‘s search for new owner casts question mark over business plan

Unionized workers at Kia, South Korea's second-biggest carmaker, voted Friday to accept the company's wage proposals without a strike for the first time in a decade. Kia said 68 percent of 26,945 workers voted in favor of wage offers that include an increase of 75,000 won ($64.30) in monthly basic pay, two months of wages in performance-based pay and cash bonuses worth 5.8 million won. More than...

Hyundai Motor Chung Mong-koo Foundation has revamped its scholarship program to foster 1,100 talents in the next five years, the foundation said Wednesday. Renamed Hyundai Motor Chung Mong-koo Scholarship, the scholarships will support talented people in five different categories: global, future industry, international cooperation, social innovation, and art and culture. The foundation seeks to...