Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Inflation eases in April, continues bumpy ride
-
3
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
4
Seoul to more than double military drones by 2026 to counter NK threats
-
5
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
6
Seoul alerts overseas missions to NK terror threats
-
7
‘Inside Out 2’ adds four new emotions, explores teenage life
-
8
Questions raised over fair promotion of RM, NewJeans
-
9
[Graphic News] Number of coffee franchises in S. Korea rises 13%
-
10
S. Korean children, teens grow taller, mature faster than before: study
-
Korean Air to offer W300b in new shares as collateral for fresh liquidity injection
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 seeks to tide over a liquidity crunch. In April, the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Exim Bank) decided to extend 1.2 trillion won in liquidity to the country's flag carrier hit by the new coronavirus pandemic. Korean Air and its holding company Hanjin KAL Corp.
May 25, 2020
-
Kumho Tire bags supply deal for Spanish hatchback SEAT Ibiza
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 being supplied to SEAT’s bestselling compact hatchback Ibiza since November 2019. SEAT is the only automaker in Spain, which is owned by the Volkswagen Group. It is known to have Italian design and German technology prowess, according to Kumho Tire. Named after a Spanish
May 25, 2020
-
Mercedes-Benz launches upgraded SUV GLS
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 in October 2016. “The new GLS will suit the active lifestyle of high-end customers, as it can be dubbed as the S-Class of SUV,” said Mark Raine, vice president of product and marketing at Mercedes-Benz Korea during the unveiling ceremony. S-Class refers to the automaker&rsqu
May 25, 2020
-
[Behind the Wheel] Re:spec Korando proves SsangYong Motor’s reason to survive
More often than not, when automakers launch their face-lifted models as something “new,” there are little design or functional changes, only a price increase. But that is not the case with SsangYong Motor’ relaunched subcompact flagship sport utility vehicle in April. Its upgraded Re:spec edition came with dramatically changed interiors and is fully equipped with a connected car service, with little price increase. The name Re:spec stands for the automaker’s “res
May 25, 2020
-
Over 80% of auto plants back in operation on eased virus restrictions
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 Monday. Vehicle plants in the United States and 12 other major car-manufacturing countries began to restart production, though not in full operation, since mid-April, and more lines are expected to resume operations this month. "It will take some time for the auto plants to return to full op
May 25, 2020
-
Air carriers move to relaunch international routes, expand domestic flights
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 Friday. According to the country’s largest LCC by sales Jeju Air, it will resume operation of Incheon-Manila route once a week from June 6. The airliner said it was due to the demand from Korean residents living in the Philippines. Jeju Air currently runs service to three oversea
May 22, 2020
-
Nearly 550,000 cars recalled from automakers including Hyundai, BMW
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, FCA Korea and Audi Volkswagen Korea over defects. According to the ministry, 294,622 Hyundai Motor vehicles, including Santa Fes, were found to have foreign substances like oil and moisture inside their braking modules. The defect poses a fire hazard, the ministry said. Cracks were found
May 22, 2020
-
Kia vows all-out efforts to strengthen exports amid COVID-19 crisis
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, Kia Motors President Song Ho-sung visited Pyeongtaek Port, the country’s main gateway for automotive exports, to check the product quality and encourage workers, the automaker said. “The current economic situation is definitely a crisis due to COVID-19, but all divisions at Kia Motors
May 21, 2020
-
Air Busan to resume flights on int'l routes in July
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 plans to resume services on routes from the southern port city of Busan to Hong Kong and Macao on July 1 and gradually reopen routes to China, Japan and Southeast Asia, the company said in a statement. The budget carrier has suspended all of its international flights since March 8 as countries streng
May 21, 2020
-
April air passengers fall to lowest level since 1997
The number of South Korean air travelers fell to the lowest level in more than two decades in April due to entry restrictions and lower demand amid the coronavirus pandemic, industry data showed Tuesday. The number of air passengers on domestic and international routes here plunged to 1.35 million last month, down 22 percent from 1.74 million a month earlier and down 87 percent from 10.14 million a year earlier, according to Air Portal, an aviation data provider operated by the Korea Civil Avi
May 19, 2020
-
SoCar teams up with startup to launch Jeju self-driving car shuttle service
South Korea's leading car-sharing app operator SoCar has teamed up with a local vehicle tech startup to launch an autonomous car shuttle service on the resort island of Jeju, the company said Monday. The collaboration with RideFlux Inc., which officially began earlier in the day, marks the first time that a so-called demand responsive transport service is being offered in the country. "Past operations were carried out under 'test conditions' with restrictions placed on traffic," SoC
May 18, 2020
-
[Photo News] Frigate departs with masks
FRIGATE DEPARTS WITH MASKS -- The Philippine Navy’s latest 2,600-ton frigate, the Jose Rizal, recently built by Hyundai Heavy Industries, set sail for the Philippines on Monday carrying masks and other quarantine supplies. Hyundai Heavy shipped 20,000 masks, 180 bottles of disinfectant, 2,000 bottles of hand sanitizer and 300 packs of sanitizing wipes to the Philippines out of gratitude for its participation in the Korean War.
May 18, 2020
-
SsangYong Motors’ business survival doubtful: auditor
SsangYong Motors, one of South Korea’s five major automakers, has been refused by its financial auditor to deliver an opinion on its ability to survive, after posting swelling losses for the 13th consecutive quarter last week. But an official from the carmaker told The Korea Herald that it does not plan to appeal the decision, given that it was based on its latest quarterly report, not an annual report, and does not require appealing to prevent delisting. According to the automaker&rsqu
May 18, 2020
-
BMW 5 and 6 series’ new models to be unveiled in Korea
BMW Korea said Monday that its new models of 5 and 6 series sedans will be unveiled at the world premiere taking place in South Korea on May 27, the first time an imported carmaker here is hosting the world premiere here. The carmaker said, it will also be the first time for a foreign automaker to reveal the new model series -- not just a specific trim of the new models -- in the country, apart showcasing two world premiere models at once. BMW Korea said it has decided to hold the world premi
May 18, 2020
-
[Photo News] Future mobility solutions at a glance
Miniature models of Hyundai Motor Group’s future mobility solutions, such as urban air mobility, purpose-built vehicles and hubs are displayed at the automaker’s headquarters in Yangjae-dong, Seoul. Models are one-eighth scale and installed over 107 square meters of the building. In January, Hyundai Motor Group’s Executive Vice Chairman Chung Euisun unveiled its future mobility vision at the Consumer Electronics Show to shift itself from an automobile manufacture
May 17, 2020
-
Incheon International Airport Corp. to offer W50b in aid to local aviation sector
The country’s main gateway operator, Incheon International Airport Corp., said Sunday that it would offer 50 billion won ($40 million) worth of aid to cash-strapped local airliners suffering the economic impact of COVID-19. IIAC said it had met Friday with officials from seven air carriers -- Korean Air, Asiana Airlines, Air Busan, Air Seoul, Jeju Air, Jin Air and T’way -- to introduce its new incentive programs and cooperative measures for airliners. For air carriers, IIAC said i
May 17, 2020
-
All Korean airlines report losses in Q1 amid pandemic
All South Korean airlines -- both major and low-cost -- have posted quarterly losses as the pandemic dampened travel demand and slashed flight numbers. The nation’s largest airline, Korean Air, has turned into a deficit in three quarters. It posted an operating loss of 56.6 billion won ($45.9 million) in the January-March period according to the firm’s regulatory filing Friday. Its sales reached 2.3 trillion won, down 22.7 percent from the same period last year. Its passenger bus
May 15, 2020
-
Korean Air to require domestic passengers to wear masks
Korean Air announced Friday it will make it mandatory for domestic passengers to wear masks from Monday to follow the government’s social distancing guidelines amid the pandemic. Passengers using Korean Air’s domestic flights must wear masks or appropriate face shields not only on board but also during the pre-flight process. Exceptions are made for infants under 24 months old, people who are difficult to remove their masks on their own and people who are unable to breathe when we
May 15, 2020
-
Hanjin KAL decides to inject W300b in cash-strapped Korean Air
Hanjin KAL said Thursday it will inject 300 billion won ($244.3 million) in Korean Air by selling its assets and through mortgage loans, one day after the airliner’s board decided to raise 1 trillion won by selling new stocks as part of a self-rescue plan. The parent company of Korean Air currently owns a 29.96 percent stake in the air carrier. Amid the growing economic impact of COVID-19 on the aviation industry, Hanjin KAL’s board of directors decided to “preemptivel
May 14, 2020
-
World’s first hydrogen mobility show to kick off in Seoul in July
Seoul will hold the world’s first hydrogen mobility exhibition called 2020 H2 Mobility+ Energy Show on July 1, to take the lead in the future’s core energy business, according to the event organizer Thursday. Due to the latest outbreak of COVID-19, the opening of the hydrogen mobility exhibition was discussed by organizing committee members, but they decided to proceed with the plan, the organizer said. The exhibition had earlier been delayed from March 18 due to the w
May 14, 2020