The Korea Herald

Hyundai Motor net soars to 5.27tr won

IndustryJan 27, 2011

Hyundai Motor Co.’s net annual profits broke the 5 trillion won mark for the first time in 2010 buoyed by improving performances from overseas operations, the company announced Thursday. The company...
Korea catches up in water technologies

IndustryJan 26, 2011

Korea has significantly narrowed the gap with advanced countries in water-related technologies under a government initiative to nurture growth, officials said Wednesday. For the past decade, the lev...
Kia aims to dominate city car market

IndustryJan 24, 2011

No. 2 carmaker releases new Morning with upgraded safety, convenience features JEJU ― Kia Motors Corp. launched the latest version of its Morning city car on the local market Monday. The company ai...
S. Korea expected to bring captured pirates to Seoul for trial: official

PoliticsJan 24, 2011

The five Somali pirates captured alive by South Korea's navy commandos during a mission to rescue a hijacked cargo ship in the Arabian Sea are expected to be brought to Seoul for a trial here, a seni...
Prices turn drivers away from hybrids

TransportJan 24, 2011

Despite the hype from carmakers and the government’s drive to popularize eco-friendly vehicles, South Korean motorists remain lukewarm toward hybrid electric vehicles. According to industry statisti...
Russia's chief nuclear envoy on N.Korea to visit Seoul this week

North KoreaJan 23, 2011

Russia's chief negotiator for the long-stalled talks on North Korea's nuclear weapons program will visit South Korea this week, Seoul's foreign ministry said Sunday, the latest in a flurry of diploma...
Samsung Heavy develops system to fend off pirates

IndustryJan 23, 2011

Samsung Heavy Industries announced Sunday that it has developed a high-tech anti-pirate system providing enhanced security for ships sailing through danger zones. The system includes remotely contro...
Kia’s global share hits record

IndustryJan 23, 2011

Kia Motors Corp. saw its global market share come to 2.9 percent, the highest ever for the company, in 2010, industry data showed Sunday. According to the carmaker, it sold about 2.09 million units ...
Daimler launches new cargo truck

TransportJan 23, 2011

Daimler Truck Korea launched the cargo truck Actros on the local market Thursday. With the new truck, Mercedes-Benz is entering the country’s market for large cargo trucks, which accounts for about 6...
Mitsubishi plans 8 eco-friendly cars by 2015-16

TransportJan 23, 2011

TOKYO (DPA) ― Mitsubishi Motors Corp. plans to launch eight models of electric cars and plug-in hybrids by the financial year that ends in March 2016, the Japanese carmaker said Thursday. The strate...
Subaru launches 2011 Forester

TransportJan 23, 2011

Subaru Korea launched the 2011 Forester compact sport utility vehicle on the local market last Monday. In addition to the usual upgrades seen in model year changes, the new Forester is fitted with t...
Lexus showroom opens in Ilsan

TransportJan 23, 2011

Chunwoo Motors, Toyota Korea’s Lexus dealer for the Yongsan area of Seoul, opened a Lexus showroom in Ilsan-gu, Goyang in Gyeonggi Province on Thursday. The company said that the new showroom will s...
Renault Samsung offers free Seolnal checkup

TransportJan 23, 2011

Renault Samsung Motors Co. will be operating vehicle checkup points at 14 rest stops on expressways from Feb. 1 to 6 between 9 a.m. and 5 p.m. for those traveling during the Seolnal, Lunar New Year, ...
Daewoo cars history as GM Korea switches to Chevrolet

IndustryJan 20, 2011

The Korean unit of General Motors plans to remove the badge of “Daewoo” from its company name and new domestic releases as it seeks to improve image and boost sales. GM Daewoo Auto and Technology Co...
Hyundai, Kia make early payments to suppliers

IndustryJan 20, 2011

Hyundai Motor Co. and Kia Motors Corp. announced Thursday that about 850 billion won ($760 million) owed to suppliers will be paid ahead of the due dates. The carmakers said that the payments will b...