Most Popular
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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First-ever meeting of president, opposition chief set to finally happen
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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More med professors to take day off each week while govt. urges them to stay
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South Korea to launch space security center under spy agency
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Hybe refutes Ador CEO Min's denial of breach of trust
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Korean Air releases video promoting hygiene procedures in planes
South Korean full-service carrier Korean Air has released a video featuring Korean Air CEO Cho Won-tae and some 30 employees disinfecting the inside of an airplane, the airline said Tuesday. In a video titled “We are waiting for you,” which runs just over a minute and a half, Cho and the employees sanitize the interior of the plane by spraying disinfectant on shelves, monitors, safety belts, tables and lavatories. The disinfectant, called MD-125, is effective for seven days.
July 14, 2020
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Jin Air to resume flight to Chinese city of Xian
Low-cost carrier Jin Air Co. said Tuesday it will resume its flights to the Chinese city of Xian, about six months after suspending them due to the new coronavirus outbreak. A 189-seat B737-800 is set to depart Thursday from South Korea's southern resort island of Jeju at 8:30 a.m. in the resumption of a weekly flight to Xian. Jin Air stopped its flights to Xian on Jan. 30 following the outbreak of the COVID-19 pandemic from China late last year. Jin Air had suspended all of its internationa
July 14, 2020
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Mercedes-Benz Korea focuses on electrifying lineup through EQ tech
Since Mercedes-Benz Korea introduced its first E-Class premium family sedan lineup here in 2003, 239,760 of the cars had been sold as of June. The current E-Class, the 10th-generation model, was launched in 2016. Within three years, it became the first premium sedan model from a foreign carmaker to achieve 100,000 units of sales in such a short time. Behind the popularity of the E-Class is not only its dynamic performance and intelligent driving assistant features, but a varied lin
July 13, 2020
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Hyundai Motor’s sales of eco-friendly cars up 36.2%
Hyundai Motor Group’s sales of specific models -- hybrid, plug-in, electric and hydrogen-powered -- in the local market jumped over 36 percent in the first half of this year, indicating a growing preference for eco-friendly cars. The top South Korean automaker said Sunday its sales of the eco-friendly cars stood at 67,798 as of June, up by 36.2 percent compared to the same period last year. Specifically, it sold a total of 37,697 units, up by 29.3 percent on-year, while Kia
July 12, 2020
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Car industry hit harder by COVID-19 than any other financial crisis: expert
COVID-19 has hit the global car industry harder than any other financial crisis, and car sales will not recover to last year’s levels until around 2023, a market analyst said Friday. Lee Bo-sung, the head of Hyundai Motor Group’s global business R&D center, delivered those predictions at a seminar organized by the Korea Automobile Journalists Association. Members of KAJA gathered at the AMG Speedway, a driving circuit in Yongin, Gyeonggi Province, to attend the seminar and s
July 12, 2020
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S. Korea to expand routes to China to meet biz travel demand
South Korea is in talks with China to increase the number of flights to the country to 10 a week mainly to meet travel demand from businessmen, the transport ministry said Sunday. Korean airlines currently serve three routes from Incheon to Chinese cities and plan to resume flights on four more routes to the neighboring country this month, according to the Ministry of Land, Infrastructure and Transport. "The (Seoul) government is in talks with the Chinese authorities to resume flights o
July 12, 2020
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[Behind the Wheel] New Santa Fe: Hyundai’s family-friendly SUV gets smarter
Hyundai Motor’s new, face-lifted version of the Santa Fe is here with a much different look and smarter system, set to regain its reputation as the first SUV to sell 100,000 vehicles in South Korea. The automaker released the refreshed version of its signature family sport utility vehicle on June 30, two years after it launched the fourth-generation model in 2018. For the year, the car sold over 100,000 units, making it the first SUV in the 100,000 club. As changes are often subtle
July 9, 2020
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Renault Samsung Motors to export XM3 to Chile
Renault Samsung Motors said Thursday it will export the first batch of 83 units of its sport utility vehicle XM3 manufactured at its Busan plant to Chile, pushing ahead with its overseas expansion. The automaker said the vehicles will be shipped on July 25 to be displayed at showrooms in the South American country, offering test drives for customers. By the year-end, the company plans to export 57 more units to Chile. The five-seater XM3 was launched in March here, topping the local B-
July 9, 2020
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Air Busan to resume flights to China next week
Air Busan Co., the budget carrier unit of Asiana Airlines Inc., said Thursday it will resume flights to China next week upon quarantine approval from China. Air Busan plans to begin offering one flight per week on the Incheon-Shenzhen route on Fridays from July 17, the company said in a statement. "The company is targeting to increase the number of flights on the route to Shenzhen depending on the Chinese authorities' guidance. And it aims to restart services on the Incheon-Ningbo route
July 9, 2020
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BMW launches 330e plug-in hybrid in Korea
BMW Korea said Wednesday it plans to launch the plug-in hybrid sports sedan New 330e, with a greater electric range. With the addition of the plug-in hybrid electric vehicle, the German automaker said it has completed its New 3 Series lineup. The BMW New 330e is equipped with 2.0-liter turbocharged four-cylinder engine that can create up to 292 horsepower and 42.8 kilogram-meters of torque. It accelerates to 100 kilometers per hour in 5.9 seconds. With the Xtraboost function, the car can s
July 8, 2020
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Resurrection of Audi Volkswagen in South Korea
German carmaker Audi Volkswagen Group’s two flagship brands have made a full-fledged comeback in the local imported car market, making a fourfold sales jump in the first half this year, industry data showed Wednesday. The feat comes four years after the emission-fraud scandal dubbed “dieselgate” severely hurt sales of its dominant brands here. In 2015, Audi and VW cars were found to have used software to cheat on diesel emissions tests on some 11 million car
July 8, 2020
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Hyundai Motor to hire overseas workers year-round
Hyundai Motor said Wednesday it will hire staff from abroad year-round by replacing its annual regular recruitment to boost workforce in the fields of future mobility. The move is intended to select talented workers more timely in line with the rapidly changing business environment in the auto industry. Recruitment areas this year include autonomous driving, power electronics, fuel cell, future energy, robotics, artificial intelligence, software and big data. The candidates are required have
July 8, 2020
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Jeju Air warns to abort from deal if Eastar Jet fails to meet conditions
Casting more doubt over the controversy-ridden merger of two budget carriers, Jeju Air reiterated its warning on Tuesday that it will cancel its acquisition contract if Eastar Jet fails to meet prerequisites by July 15. Jeju Air, South Korea’s largest low cost carrier by sales, released a statement that the company has “done its best” to close the acquisition deal since it signed the contract to acquire a 51.17 percent stake in rival LCC Eastar Jet for 54.5 billion won ($45 m
July 7, 2020
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Hyundai Motor, SK chiefs vow to bolster EV biz partnership
The heir apparent of Hyundai Motor Group met with the head of refinery-to-battery conglomerate SK Group on Tuesday to discuss cooperation in the electric vehicle (EV) business. Hyundai Motor Group Executive Vice Chairman Chung Euisun and SK Group Chairman Chey Tae-won discussed cooperation on next-generation EV battery technologies, power management chips, and the "battery-as-a-service (Baas)" platform, the automaker said in a statement. Baas is a breakthrough business model mainl
July 7, 2020
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Global shipbuilding orders at historic low in H1
Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs), or a total of 269 ships, according to data provided by global market researcher Clarkson Research Service. The tally marks the lowest since 1996, when the market tracker began to compile related data, and a 42 percent drop from the previous y
July 7, 2020
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Hyundai Motor to mass-produce hydrogen-powered electric trucks
Hyundai Motor Group said Monday it has begun mass-producing hydrogen-powered electric trucks and has sent a batch of shipments -- first in the world -- to Switzerland from Gwangyang Port, South Jeolla Province. Global automakers have produced prototypes or concept models of hydrogen-powered trucks, but Hyundai Motor is the first to mass-produce them. South Korea’s leading automaker said it will expand the application of hydrogen fuel cell technology to commercial vehicles and ceme
July 6, 2020
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New Audi A4 picked as car of month: KAJA
The Korea Automobile Journalists Association said Monday that it has selected German carmaker Audi’s luxury sedan the New Audi A4 as its car of the month. Every month, the association selects its best model among new vehicles and face-lifted versions that were launched within the past month, based on five criteria including exterior, interior design, practicality, safety and comfort features, product marketability and purchasing intent. For July, the Lexus UX F Sport, which was la
July 6, 2020
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Transport Minister meets HDC, Aekyung Group, Eastar Jet execs to urge M&A deal
Transport Minister Kim Hyun-mi met with executives of HDC Group, Aekyung Group and Eastar Jet on Friday to urge their air carrier merger deals, according to the Ministry of Land, Infrastructure and Transport. Kim reportedly had discussions with HDC Group Chairman Chung Mong-kyu, Aekyung Group Vice Chairman Chae Hyung-seok and former Eastar Jet Group Chairman Lee Sang-jik and was briefed on the status of the respective merger deals. HDC Group, which owns midsized builder HDC Hyundai Deve
July 3, 2020
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Russia approves HDC’s Asiana takeover, final stage for merger deal cleared: HDC
South Korean midsized builder HDC Hyundai Development Co. said Friday that it has received approval from Russian aviation authorities for HDC’s planned takeover of flag carrier Asiana Airlines, but added that renegotiation of the acquisition terms is still underway. Regarding the merger deal involving the air carrier, HDC had to receive approval from six of the nations that Asiana flies to as a prerequisite. HDC had planned to complete the deal by the end of April after regulators
July 3, 2020
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Exodus of Korean conglomerates’ overseas branches in Hong Kong possible: report
Amid the aggravating political sentiment between US and China over the imposition of Hong Kong‘s security law, South Korean conglomerates with overseas branches in Hong Kong can possibly seek to relocate their offices to different cities, a report said Friday. On Thursday, US lawmakers unanimously approved new Hong Kong-related sanctions that would penalize banks which do business with Chinese officials, after the Chinese government imposed a security law that has been widely conde
July 3, 2020