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Transport Ministry finds possible source of fire in BMW cars

[ THE INVESTOR ] The Transportation Ministry has concluded on Sept. 22 that a previously identified fuel leak in BMW vehicles may be the cause of mysterious fires that have broken out in some of t...

Sept 22, 2016
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Renault Samsung’s recall rate highest among Korean carmakers

[ THE INVESTOR ] Renault Samsung Motors had the highest recall rate among local automakers over the past five years, according to a lawmaker on Sept. 22. Citing data from the Ministry of Land, In...

Sept 22, 2016
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Hyundai’s annual global auto output capacity to top 9m

[THE INVESTOR] Hyundai Motor Group said on Sept. 22 that its annual global output capacity is expected to reach around 9 million cars aided by the new production facility in China. The automaker’s ...

Sept 22, 2016
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German VW exec appears for questioning by prosecution

[THE INVESTOR] South Korean prosecutors on Sept. 21 summoned a Volkswagen executive from Germany for the first time in a widening probe into the automaker’s emission-rigging scandal. Detlef Stendel...

Sept 21, 2016
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Public-private partnership to double EV battery range

[THE INVESTOR] South Korea will invest 43 billion won (US$38.40 million) in developing a new electric vehicle battery with a range of some 400 kilometers per charge by 2020, the Trade ministry said ...

Sept 21, 2016
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Prosecutors to summon German VW exec

[THE INVESTOR] The prosecution will summon a Volkswagen executive from Germany on Sept. 21, to grill him over his involvement in the German carmaker’s emission-rigging scandal. Seoul Central Distri...

Sept 20, 2016
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GM Korea to sell 10 Chevrolet Aveo compacts online

[THE INVESTOR] GM Korea said on Sept. 19 it will sell 10 units of its new Chevrolet Aveo compacts via Auction, a local online shopping site affiliated with eBay Korea, on Sept. 26. This is the firs...

Sept 19, 2016
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Korea sells more green cars than Germany in H1

[ THE INVESTOR ] South Korea sold more environmentally friendly vehicles than Germany, the largest producer of automobiles in the world, in the first half of the year, data showed Monday. Accordin...

Sept 19, 2016
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Volkswagen owners to file constitutional petition

[THE INVESTOR] A group of Volkswagen car owners plan to file a constitutional appeal on Sept. 20, demanding the South Korean government should enforce a replacement order on vehicles affected by the...

Sept 19, 2016
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Korean hybrid cars overtake German competitors

[THE INVESTOR] South Korea’s market for environmentally friendly cars expanded at a rapid pace in the first half of 2016, overtaking that of Germany, the largest producer of green vehicles in Europe...

Sept 19, 2016
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Korean carmakers to unveil hatchbacks, electric cars for Paris show

[THE INVESTOR] South Korean carmakers are seeking market expansion in Europe through the upcoming Paris Motor Show, by unveiling an array of new cars and concept vehicles targeting consumers sensiti...

Sept 18, 2016
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Korea’s auto exports slump to 7-year low in Aug.

[ THE INVESTOR ] South Korea’s car exports shrank to a seven-year low in August, the government said on Sept. 13. Outbound shipments of vehicles came to 142,987 units last month, down 18.6 percent...

Sept 13, 2016
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Daesung Electric eyes IPO by next year

[ THE INVESTOR ] Daesung Electric, automotive component arm of LS Group, is pushing for an initial public offering by next year, the company said on Sept. 12. Daesung said it will apply for prelim...

Sept 13, 2016
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[EDITORIAL] Kia's plant in Mexico

[ THE INVESTOR ] Kia Motors has built a new production facility in Mexico, securing a base for its advance into North and South American markets. The $3 billion plant is Kia’s fourth overseas pr...

Sept 12, 2016
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Hyundai Motor bets on hydrogen fuel-cell cars

[ THE INVESTOR ] Hydrogen fuel-cell cars may eventually become a common sight on Korean roads as the government and the nation’s largest automaker Hyundai Motor are making efforts to spread usage...

Sept 12, 2016
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The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
Tel : 02.727.0114