The Korea Herald

Creditors call on Korean Air to raise capital following financial aid

May 28, 2020

Creditors of Korean Air Lines Co. have demanded the cash-strapped airline raise capital of 2 trillion won ($1.62 billion) by end of the next year in return for fresh financial support, officials fami...
BMW unveils new 5, 6 Series lineup at ‘drive-thru’ world premiere in Korea

May 27, 2020

The BMW 5 Series, a midsized premium business sedan, has been the company’s bestselling model with more than 7.9 million units sold globally. South Korea had the highest cumulative sales of the BMW ...
Hyundai Mobis to inject W1tr for future mobility this year

May 27, 2020

Auto parts manufacturer to pursue 2,000 R&D projects
Kia Motors plans micro EV to replace public transport in Europe

May 27, 2020

Kia Motors’ European subsidiary said Wednesday it plans to launch a micro-size electric vehicle that can replace public transportation amid increased preference for use of private vehicles following ...
[News Focus] International air routes relaunch, but worries linger

May 26, 2020

South Korean air carriers suffering from the impact of COVID-19 outbreak plan to gradually relaunch their international routes from next month but worries linger over prospects of a business recovery...
All S. Korean auto plants resume this week as Mexico plant reopens

May 26, 2020

Kia Motors Corp., South Korea's second-largest carmaker, said Tuesday that its plant in Mexico will restart production this week, marking the resumption of operations at all of South Korea's overseas...
Korean Air to offer W300b in new shares as collateral for fresh liquidity injection

May 25, 2020

Korea's top air carrier Korean Air Lines Co. decided Monday to offer 300 billion won ($242 million) worth of new shares as collateral to receive fresh financial support from creditor banks as it seek...
Kumho Tire bags supply deal for Spanish hatchback SEAT Ibiza

May 25, 2020

South Korean tire manufacturer Kumho Tire said Monday that it bagged a supply deal for Spanish automaker SEAT’s flagship model Ibiza. The company said Kumho Tire’s Ecowing ES31 185/65R 15 88H is bei...
Mercedes-Benz launches upgraded SUV GLS

May 25, 2020

Mercedes-Benz Korea said Monday that it has launched an upgraded third-generation version of its flagship sport utility vehicle the new GLS here. The seven-seater SUV was first introduced in Korea i...
[Behind the Wheel] Re:spec Korando proves SsangYong Motor’s reason to survive

May 25, 2020

Automaker’s ambitious model returns with useful voice recognition system
Over 80% of auto plants back in operation on eased virus restrictions

May 25, 2020

More than 80 percent of vehicle plants in 13 major car-manufacturing countries resumed limited operations as of mid-May as new coronavirus restrictions were eased, an auto industry association said M...
Air carriers move to relaunch international routes, expand domestic flights

May 22, 2020

South Korean carriers are moving to relaunch their long-waited international routes as well as expand domestic flights, slowly recovering from the impact of COVID-19 outbreak, industry sources said F...
Nearly 550,000 cars recalled from automakers including Hyundai, BMW

May 22, 2020

The Ministry of Land, Infrastructure and Transport said Friday that it would recall 549,931 units of 126 models from automakers including Hyundai Motor, Kia Motors, BMW Korea, Mercedes-Benz Korea, FC...
Kia vows all-out efforts to strengthen exports amid COVID-19 crisis

May 21, 2020

Kia Motors said Thursday it is making all-out efforts to break through export woes amid the COVID-19 pandemic by enhancing online sales and services platforms for overseas customers. In this context...
Air Busan to resume flights on int'l routes in July

May 21, 2020

Air Busan Co., a low-cost affiliate of Asiana Airlines Inc., said Thursday it will resume flights on international routes from July as the new coronavirus outbreak has passed its peak. Air Busan pla...