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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HDC seeks to renegotiate Asiana deal amid pandemic
HDC Hyundai Development on Tuesday said it hopes to renegotiate its deal for acquiring South Korean flag carrier Asiana Airlines given the business turmoil caused by the COVID-19 pandemic. The midsized South Korean builder has requested Asiana’s creditors and its largest shareholder Kumho Industrial to modify the conditions of the takeover. The company said it has not received “sufficient and trustworthy data” about Asiana’s financial status or an explanation for the c
June 9, 2020
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Hyundai, Kia EV sales jump 58% in Jan.-May period
Hyundai Motor Co. and its affiliate Kia Motors Corp. said Tuesday their combined electric vehicle sales jumped 58 percent in the January-May period from a year earlier on demand from Europe. Hyundai and Kia sold 40,182 all-electric vehicles in the first five months, up from 25,454 units in the year-ago period, the companies said. Hyundai sells the pure electric Kona subcompact SUV and the Ioniq Electric in global markets, while Kia sells the Niro EV and Soul EV boxcar. "Demand for EVs
June 9, 2020
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Hyundai, Kia to extend suspension of S. Korean plants
Hyundai Motor Co. and its affiliate, Kia Motors Corp., South Korea's two biggest carmakers, said Monday they will extend the suspension of their domestic plants due to disrupted exports amid the new coronavirus outbreak. Kia will suspend the No. 2 plant in Gwangju, 330 kilometers south of Seoul, from June 25 to 30 as the COVID-19 pandemic continues to drive down overseas demand, a company spokesman said. The maker of the K5 sedan and the Sorento SUV suspended the No.
June 8, 2020
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Hyundai, Kia record highest sedan sales in three years
Hyundai Motor Group said Monday that with the launch of new models and shifting consumer tastes seeking more driving comfort, sales of its sedans recorded a three-year high. According to South Korea’s largest automaker, sedans accounted for 48.5 percent of total passenger car sales in the January-May period, the highest figure since 2017, when it hit 50.1 percent. In 2018 and 2019, sedan sales during the first five months accounted for 43.8 percent and 43 percent, respective
June 8, 2020
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Hyundai offers W55.7b to help dealerships
Hyundai Motor Group announced Monday that it will provide its sales and auto parts dealerships 55.7 billion won ($46 million) in subsidies to stabilize their operations amid the COVID-19 pandemic. Auto dealerships of its main affiliates -- Hyundai Motor, Kia Motors and Hyundai Mobis -- will be given the subsidies to help them overcome the economic downturn. The size is a 70 percent increase from last year’s funding. Some 1,860 Hyundai Motor and Kia Motors dealerships across the country
June 8, 2020
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Volvo Cars Korea offers lifetime warranty, wider service network
Betting big on the South Korean market with a focus on superior customer service, Volvo Cars Korea has introduced a lifetime auto parts warranty here -- the first such guarantee by a carmaker here -- while vowing to increase its network by 25 percent. “The introduction of lifetime warranty will dramatically decrease consumer concerns over the maintenance cost of an imported vehicle, as well as enable them to enjoy the attractive features of our vehicles for a long time,” said Volvo
June 8, 2020
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SK Group mulls W94.2b investment in Air Asia
SK Group, South Korea’s third-largest conglomerate by revenue, has been reviewing to invest some 94.2 billion won ($78 million) for a 10 percent stake in Asia’s largest low-cost carrier Air Asia, after the Korean conglomerate was recently approached by the firm, industry sources said Friday. SK Southeast Asia Investment Corp., the group’s investment arm operating in the region, recently received a proposal from the Malaysian-flagged Air Asia to make an investment for a
June 5, 2020
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Air carriers struggle to launch China routes amid strengthened landing criteria
Korean air carriers that have been gradually starting to resume their international routes amid slower spread of COVID-19 are facing hurdles to operating China routes over authorities’ strengthened landing conditions, according to industry sources on Friday. According to full service carrier Korean Air, it had planned to operate 32 out of 110 international routes from June. Those routes include flights to Chinese destinations Beijing, Shanghai, Guangzhou and Qingdao, flying three t
June 5, 2020
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Han Sung Motor to offer free, unlimited service for engine oil
Han Sung Motor, an official local dealer of Mercedes-Benz in Korea, said Thursday it will offer customers free and unlimited service for changing engine oil and oil filter. The promotion applies to those who purchase a new car from Han Sung Motor in June, regardless of models or trims including Mercedes-AMG lineup. Through the promotion, customers can enjoy engine oil and oil filter change service at Han Sung Motor’s 20 service centers across the country, even after the offi
June 5, 2020
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Air carriers extend unpaid leave for foreign pilots
South Korean air carriers including Korean Air and Asiana Airlines have extended unpaid leave for foreign pilots amid slowing recovery of the aviation industry after COVID-19, companies said Thursday. Korean Air said it had extended the unpaid leave period for all 376 of its foreign pilots to the end of July, a month longer than previously planned. They have been away from work since April. “As the situation shows no sign of abating, we had to extend the unpaid leave period.
June 4, 2020
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Hyundai Motor unveils global hydrogen campaign featuring BTS
Hyundai Motor Group said Thursday that it has unveiled a digital content for its global hydrogen campaign in collaboration with K-pop group BTS. The footage was specially designed to give millennials a better understanding of hydrogen as a future energy source, the company said. The 1 minute, 28 second video titled Positive Energy features BTS and the company’s hydrogen-powered sports utility vehicle Nexo to deliver the message, “A small drop of water for a better futu
June 4, 2020
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Seoul aims to commercialize urban air mobility in 2025
South Korea aims to commercialize urban air mobility (UAM) services in the domestic market in 2025 as it strives to tackle worsening traffic congestion in major cities, the transport ministry said Thursday. The government plans to begin offering UAM services initially with one to two routes, or terminals, in the Seoul metropolitan area in 2025 and then to increase the number of terminals to 10 by 2030, the Ministry of Land, Infrastructure and Transport said in a statement. "The ministry
June 4, 2020
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Audi launches new models of midsized sedans A4, A5
Audi Volkswagen Korea said Wednesday it has launched four new models each of its premium midsized sedans Audi A4 and Audi A5. The new Audi A4 is the fifth-generation face-lifted model and comes in different versions -- A4 40 TFSI, A4 40 TFSI Premium, A4 35 TDI Premium and A4 40 TDI Quattro Premium -- depending on the engine type. The gasoline engine model, TFSI model, exerts up to 190 horsepower and torque of 32.6 kilogram meters. The two TDI diesel engine models, TDI Premium and TDI Q
June 3, 2020
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Hyundai opens 1st hydrogen-charging station for commercial cars
Hyundai Motor Co. said Wednesday it has opened the country's first charging station for hydrogen-powered commercial vehicles in South Korea. Hyundai established the charging station at its Jeonju plant, 240 kilometers south of Seoul. It is the carmaker's first charging station for hydrogen-powered commercial cars and its ninth hydrogen charging station, the company said in a statement. "Hydrogen buses and trucks, as well as hydrogen passenger cars, can charge themselves in the hydrogen
June 3, 2020
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Renault Captur picked as car of month
The Korea Automobile Journalists Association said Wednesday it has selected compact sport utility vehicle Renault Captur as car of the month. The association has been selecting the best model each month among new vehicles and face-lifted versions that were launched within a month, based on five criteria including exterior, interior design, practicality, safety and comfort features, product marketability and purchasing intent. For the car of the month in June, Audi Q3 and Porsche 9
June 3, 2020
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Imported car sales up 19% in May despite pandemic
Sales of imported vehicles in South Korea rose 19 percent in May from a year earlier as strong demand for German vehicles offset weak demand for Japanese ones amid the coronavirus pandemic, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 23,272 units last month from 19,548 a year earlier, the Korea Automobile Importers & Distributors Association (KAIDA) said in a statement. "New models released by Audi and Porsche and increased supplies
June 3, 2020
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Hyundai to launch upgraded Santa Fe SUV this month
Hyundai Motor Co. said Wednesday it will launch the upgraded Santa Fe SUV in the domestic market this month to boost sales amid the new coronavirus outbreak. The company has added the face-lifted Santa Fe to its SUV lineup as it strives to offset weak overseas sales with robust local demand for recreational vehicles, a company spokesman said. The COVID-19 pandemic has continued to affect Hyundai's vehicle sales in major markets, such as the United States and Europe, due to local shutdowns a
June 3, 2020
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Equity fund alliance ups stake in Korean Air parent firm
An alliance led by an estranged sister of the Korean Air chairman said Wednesday it has raised its stake in the carrier's parent Hanjin KAL Corp. to over 45 percent in the latest attempt to control airline conglomerate Hanjin Group. The move came more than two months after Chairman Cho Won-tae's elder sister Hyun-ah -- known for her "nut rage" incident in 2014 -- failed to dethrone the chairman of Korean Air Lines Co. and Hanjin Group in a family feud. The three-party alliance that
June 3, 2020
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Airlines cautious about resuming US flights over growing protests
South Korean air carriers that had planned to resume flights to the US this month amid the slow spread of COVID-19 are cautious and taking a “wait and see” approach due to growing protests in the US over the death of an African American man in police custody, according to industry sources Tuesday. Protests against the death of George Floyd and police brutality have spread to over 100 cities since last week. The country’s flag carrier Korean Air’s flight dep
June 2, 2020
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Volvo Truck Korea appoints cargo business expert as new chief
Volvo Truck Korea said Tuesday that Park Kang-seok, who is in charge of its aftermarket business as an executive director, has been appointed its new CEO. Park joined Volvo Truck Korea’s service division in 2006 and has led its service and retail network in Gyeongsang Province since 2014. He has contributed to increasing competitiveness of the company’s core cargo business and rejoined the aftermarket business division last year to offer a differentiated service for cu
June 2, 2020