Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Questions raised over fair promotion of RM, NewJeans
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Hyundai Mobis develops radar-using passenger detecting technology
Hyundai Mobis said Sunday it has developed a radar-using rear occupant alert system that will be adopted by new models of global carmakers. According to the auto parts making unit of Hyundai Motor Group, ROA is a system that was developed based on radar that uses sensors for autonomous driving. It is built on a software algorithm that detects even the most minute movements of a passenger in the rear seat. The radar of ROA can analyze a variety of bio-signals by penetrating a person’s bl
March 22, 2020
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Eastar Jet to shut down all flights over novel coronavirus
South Korean low-cost carrier Eastar Jet Co. will shut down all of its flights, company officials said Saturday, amid a travel slump triggered by the novel coronavirus pandemic. Eastar Jet will halt operation of its domestic flights from Tuesday to April 25, according to the officials. The budget carrier already suspended all of its international flights earlier this month. Eastar Jet will be the first South Korean airline to close all of its air services due to the
March 21, 2020
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Hyundai Rotem wins 345b won train order in S. Korea
Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday it has received an order worth 345 billion won ($274 million) in its home country. Hyundai Rotem will supply 120 subway train cars for a new local subway line named the Great Train Express-A (GTX-A) by 2024, the company said in a statement. The GTX-A line will stretch 83.1 kilometers from Unjeong Station in Paju to Dongtan Station in Hwaseong in Gyeonggi Province, it said. The subway trains will be bu
March 20, 2020
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[Newsmaker] Chung Euisun elected as chair of Hyundai Motor Group board
Hyundai Motor Group Executive Vice Chairman Chung Euisun has been elected the new chairperson of the group’s board of directors, in an apparent move to give the heir apparent more managerial power as he seeks to strengthen the future mobility vision. According to the company, it was decided for Chung to succeed his father, Hyundai Motor Group Chairman Chung Mong-koo, in his chairmanship during a board of directors meeting held Thursday. The senior Chung has held the position for 21 year
March 19, 2020
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Asiana Airlines sends chartered flight to bring Koreans from Iran
South Korean full-service carrier Asiana Airlines said Thursday that it has sent a chartered flight to bring back some 80 South Koreans stuck in Iran, where the COVID-19 has been rapidly spreading. Asiana Airlines said 80 Koreans left Tehran, Iran, to board a chartered flight in Dubai, United Arab Emirates. The flight departed the Al Maktoum International Airport, some 37 kilometers from Dubai, on Thursday morning and arrived at Incheon International Airport at 4:35 p.m. Ministry data s
March 19, 2020
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[Weekender] Hyundai or Mercedes-Benz: Why is Korea’s car market so polarised?
It is not an exaggeration to say that out of every 10 cars you encounter on the roads of South Korea, six or seven of them are Hyundai or Mercedes-Benz. Although car brands and models have diversified over the years in a country where a car is owned by every 2.4 people, the brand everyone thinks of when it comes to domestic cars is Hyundai. In the case of imported cars, Mercedes-Benz maintains the largest share of the pie. Despite the latest coronavirus pandemic, sales of imported vehicles co
March 19, 2020
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Airlines halt more flights as coronavirus spreads
South Korean airlines are halting more flights as countries increasingly imposed entry restrictions in their fight against the spread of the novel coronavirus. Korean Air Lines Co., the country's biggest airline and national flag carrier, said Thursday it will begin reducing the number of flights to three per week from seven on the Incheon-Paris route. The latest move comes as European countries close their borders and restrict movement in an effort to slow the spread of COVID-19. Korean Air
March 19, 2020
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S. Korean carmakers face shutdown of overseas plants amid virus fears
South Korean carmakers are likely to shut down their overseas plants as their global peers are planning to close factories as a precaution against the rapid spread of coronavirus. Local carmakers already suffered production losses due to a lack of parts when their suppliers in China suspended plants due to an extended Lunar New Year holiday amid fears of COVID-19 infections. The worsening outbreak is now dealing a further blow to the automobile industry as Ford Motor Co., General Motors Co.
March 19, 2020
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Korea to inject W50b to help virus-hit transport sector
The South Korean government is injecting some 50 billion won ($40.4 million) to help the virus-hit transport industry here, by exempting fees and delaying payment to cover the businesses’ losses caused by a sharp drop in passengers. In a meeting for crisis management measures presided by the country’s deputy Prime Minister and Finance Minister Hong Nam-ki on Wednesday, the government confirmed a set of measures to support industries hit by the coronavirus outbreak, primarily
March 18, 2020
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Hyundai Motor unveils all-new Avante in US
Hyundai Motor on Wednesday unveiled its seventh-generation sedan Avante in Los Angeles at its world premiere event. The event was livestreamed in major markets including South Korea, North America, China and Australia, without any audience, over the coronavirus concerns. Avante has been the automaker’s steady-selling sedan over the past 30 years -- sold as Elantra in North America. Hyundai Motor said the upgraded model has focused on showing an innovative, futuristic
March 18, 2020
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Hyundai Mobis shareholders OK heir apparent as executive director
South Korea's biggest auto parts maker and a key affiliate of Hyundai Motor Group, on Wednesday approved the reappoinment of the group's heir apparent to the company's board to push forward his future mobility initiative. In a general meeting, Hyundai Mobis shareholders voted to accept the company's board's reappointment of Hyundai Motor Group Executive Vice Chairman Chung Euisun as executive director. They also approved the board's decision to extend the term of former Opel Chief
March 18, 2020
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Virus-hit aviation sector to get more support
South Korea said Wednesday it will delay reclaiming traffic rights and allocated slots from airlines, while cutting landing fees and other charges, amid the escalating coronavirus impact on the aviation sector. Airlines have suspended most of their flights on international routes this month as people opt not to travel and more than 150 countries and territories impose entry restrictions on passengers from South Korea out of concerns over the spread of COVID-19. The transportation minis
March 18, 2020
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Virus threatens to hit state airport, rail, highway operators
The coronavirus outbreak threatens to batter South Korea's state airport, railway and highway operators due to tumbling demand for travel, data showed Wednesday. The spread of the respiratory disease, whose first confirmed case in South Korea was reported on Jan. 20, has halted almost all flights to and from South Korea, cut the number of train passengers in half and made a big dent in vehicle traffic on highways. According to the data that Rep. An Ho-young of the ruling Democratic Party rece
March 18, 2020
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Family feud at Hanjin escalates with complaint to FSS
Hanjin KAL, holding company of South Korea’s flagship carrier Korean Air, complained to the Financial Supervisory Service on Tuesday, calling for a probe into “violations” of the Capital Market Act, amid the succession battle between siblings at the conglomerate. The company said that the alliance involving Hanjin Group heiress Cho Hyun-ah, Korea Corporate Government Improvement and Bando Engineering and Construction, have falsely posted equity statements that breach the Fina
March 17, 2020
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Kia Motors’ new Sorento comes back in 6 years
Kia Motors on Tuesday launched its fourth-generation midsized sport utility vehicle Sorento, with a new design, larger size and improved driving assistance functions. The automaker said the new Sorento has kept its design identity of strong image under the concept of “refined boldness,” but gave a new look by connecting the front radiator grille and LED head lamp to offer wide, stronger design. The new model has a vertical-type LED rear combination lamp and horizontal-
March 17, 2020
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Carmakers set to post poor Q1 earnings on virus fallout
South Korean carmakers are likely to post poor earnings results for the first quarter due to the escalating fallout from the coronavirus pandemic, analysts said Tuesday. The country's five carmakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. -- have already suffered several weeks of output disruptions after suppliers in China halted production amid the spread of COVID-19. The coronavirus pandemic prompted many countries to impose
March 17, 2020
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Hyundai Motor to exempt W2.2b of franchise fees
Hyundai Motor Group said Monday that it has decided to exempt franchise deposit of some 2,000 partner companies in charge of customer service across the country, which amounts to 2.2 billion won ($1.8 million). The automaker said 1,374 Blue Hands centers, a Hyundai Motor and Genesis’ official service provider, and 800 Auto Q centers, Kia Motors’ partner service and maintenance company, will have 50 percent of their franchise fees exempted for three months from March to May. F
March 16, 2020
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Airlines to apply no fuel surcharges on int'l routes in April
South Korean airlines will apply no fuel surcharges on international routes in April to reflect declining oil prices, industry officials said Monday. The surcharges for one-way tickets on international routes will drop to zero next month from 19,200 won ($15) in March, an industry official said. If the average jet fuel price on the Singapore spot market rises over $1.50 per gallon, South Korean airlines are allowed to impose fuel surcharges starting one month later. Jet fuel prices averaged
March 16, 2020
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Hyundai signs $60m bus supply deal with Turkmenistan
Hyundai Motor said Sunday it has signed a $60 million bus supply deal with Turkmenistan. It has signed a contract with Turkmenistan’s Ministry of Transport to supply 400 New Super Aero City buses, the South Korean automaker said. It is Hyundai’s second-biggest single overseas deal, after a $66 million order for 500 units in 2016. The New Super Aero City bus features upgraded functions compared to previous models, including rear-view camera and rear cross-traffic alert function
March 15, 2020
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Air carriers face double whammy on stormy coronavirus turbulence
South Korean air carriers that have been hit hard by many flight cancellations over coronavirus face a double whammy with rising parking airport fees, according to industry sources Saturday. Airports charge companies for using their facilities as parking spaces. At Incheon International Airport, the parking fee is free for three hours upon arrival, with different amounts depending on the aircraft size, for every 30 minutes. According to flagship carrier Korean Air, it has been charged almost
March 14, 2020