The Korea Herald

Lotte, Shilla to close duty-free stores at Incheon Airport’s Terminal 1 after next month

Jan 24, 2021

Two major South Korean duty-free operators, Lotte and Shilla, will close their stores at Incheon Airport’s Terminal 1 next month, leaving more empty space at the airport. Both Lotte Duty Free and Sh...
Air traffic halved in 2020 due to coronavirus pandemic

Jan 24, 2021

Air traffic volume in South Korea halved year-on-year in 2020 due to the coronavirus pandemic, government data showed Sunday. The Ministry of Land, Infrastructure and Transport said the number of fl...
Hyundai Glovis pushes to tap East Asian logistics market

Jan 24, 2021

Hyundai Glovis, a vehicle delivery arm of South Korea’s Hyundai Motor Group, is pushing deeper into the East Asian freight and logistics market. The company, which in 2009 opened its third overseas ...
Hyundai, Kia struggle in 3 key markets last year amid pandemic

Jan 24, 2021

Hyundai Motor Co. and affiliate Kia Corp. slumped in their three major markets last year amid the coronavirus pandemic, company data showed Sunday. Hyundai and Kia, South Korea's two biggest carmake...
Budget airline industry poised for major shakeup

Jan 19, 2021

Air Premia and Aero K to heat up competition as Jin Air, Air Busan, Air Seoul to merge
S. Korean carmakers sold over 600,000 SUVs in 2020

Jan 17, 2021

Sport utility vehicles (SUVs) sold by South Korean automakers sharply rose to exceed 600,000 units for the first time in 2020 on the back of the rising popularity of car camping and new lineups, indu...
Jeep pins hope on bigger, luxury lineup to surpass 10,000 sales mark in Korea

Jan 15, 2021

Jeep executive expresses confidence in the Korean market this year
Hyundai Motor Group to build first offshore fuel cell system plant in China

Jan 15, 2021

The first offshore fuel cell system plant for South Korea’s biggest carmaker Hyundai Motor Group will be established in Guangzhou, China, the automaker said Friday. The automotive group said it sign...
Kia rebrands itself as mobility solution developer

Jan 15, 2021

Kia announced Friday a new brand strategy and future ambitions to transform the company to go beyond vehicle manufacturing to create mobility solutions for customers. In a digital showcase event on ...
T'way Air to continue 'international flights to nowhere' later this month

Jan 15, 2021

Low-cost carrier T’way Air said Friday it will fly two more international flights to nowhere later this month, flying over Fukuoka, Japan. Passengers for the flights scheduled to take off from Inche...
Kia to launch 7 new platform-based EV models by 2027

Jan 15, 2021

Kia Corp., South Korea's second-biggest carmaker by sales, said Friday it will launch seven all-electric models by 2027 to gain a share of the growing electric vehicle market. Kia said it will relea...
4 companies to recall over 14,000 vehicles

Jan 15, 2021

Honda Motor Co., Audi Volkswagen Korea and two other companies will voluntarily recall over 14,000 vehicles to fix faulty components, the transport ministry said Friday. This is the latest in a seri...
Korean Air files report for Asiana takeover

Jan 14, 2021

The nation’s flagship air carrier Korean Air on Thursday filed documents to the Fair Trade Commission and antitrust authorities in eight other countries for a review of its planned takeover of the de...
Antitrust regulator starts review of Korean Air's Asiana takeover deal

Jan 14, 2021

South Korea's antitrust regulator said Thursday it has started to review a deal by Korean Air Lines Co., the country's biggest carrier, to buy the debt-ridden Asiana Airlines Inc. The Korea Fair Tra...
Auto exports sink over 20% on pandemic in 2020

Jan 14, 2021

South Korea's auto exports sank 21.4 percent on-year in 2020 as the new coronavirus pandemic disrupted global supply chains and sapped demand, data showed on Thursday. The country's shipments of car...