The Korea Herald

Peugeot launches electric bicycles

TransportJan 16, 2011

PARIS (DPA) ― With the launch of its first electric vehicle, the iOn, Peugeot is also offering a collection of three electrically driven bicycles featuring a light aluminum frame and a Panasonic elec...
Toyota adds cheapest Lexus model

TransportJan 16, 2011

Toyota Motor Corp. introduced its cheapest Lexus yet in Japan as the automaker struggles to replicate the luxury brand’s U.S. success in its home market. The Lexus CT200h went on sale today priced f...
Refiners wary of political pressure to cut oil prices

IndustryJan 14, 2011

Following Lee comments, officials move to rein in petroleum prices The presidential office and the antitrust regulatory body are poised to turn up the heat on major oil refiners in a drive to tame i...
Hyundai Motor signs deal on Hyundai E&C

IndustryJan 14, 2011

Hyundai Motor Group signed a memorandum of understanding with creditors of Hyundai Engineering and Construction to take over the nation’s largest builder Friday. The MOU between the creditors, inclu...
BOK hikes rate to 2.75%

Jan 13, 2011

South Korea’s central bank unexpectedly raised the key interest rate by a quarter percentage point on Thursday as economic growth and rising raw material prices are exerting mounting inflationary pre...
POSCO looks to buy Korea Express

IndustryJan 13, 2011

Steelmaker posts record sales in 2010 POSCO chief executive Chung Joon-yang said Thursday the nation’s top steelmaker is considering acquiring the country’s largest delivery service provider Korea E...
Renault-Nissan ups cooperation with Korean parts makers

IndustryJan 13, 2011

Renault-Nissan Alliance held its annual purchasing conference in Seoul this week, opening new opportunities for local parts makers, Renault Samsung Motors Co. said Thursday. The conference, held Mon...
Kia hits the spot as first choice of new Samsung executives

IndustryJan 12, 2011

Kia Motors Corp.’s sedans proved once again to be the most popular among Samsung Group’s executives this year. Among the 318 newly appointed executives, 78.6 percent picked Kia’s K7 and Opirus as th...
GM Daewoo aims to export 1.8 million units this year

IndustryJan 11, 2011

GM Daewoo Auto and Technology Co. aims to export more than 1.8 million vehicles and knockdown kits under the Chevrolet brand this year, its president Mike Arcamone said Monday. The Korean unit of GM...
Hyundai prioritizes quality, image

IndustryJan 11, 2011

Top Korean carmaker confident of raising U.S. market share to 5 percent Hyundai Motor Co. will focus on boosting quality and brand image as it steps up its challenge for global automobile leadership...
Eco-friendly crude ship built by Hyundai

IndustryJan 10, 2011

Hyundai Heavy Industries has delivered the world’s first crude oil carrier fitted with equipment for treating ballast water, the firm announced Monday. Empty vessels are balanced by ballast water, w...
Multinational drug makers bet on young CEOs

IndustryJan 10, 2011

Multinational drug companies are installing young and aggressive leaders to head their Korean operations in an increasingly competitive local market. Ranga Welaratne, 38, was appointed on Jan. 3 as ...
New Year deals for Cadillac

TransportJan 9, 2011

GM Korea is offering a number of special deals with the CTS, SRX and STS until the end of the month. For the CTS 3.0, the company is offering a choice between a 2 percent discount and a lease financ...
Harley Davidson’s ‘Hot Winter’ promotion

TransportJan 9, 2011

Harley Davidson Korea is holding the “Hot Winter” promotion event that offers credits for Harley Davidson accessories, free checkup service and winter clothing until the end of the month. As part of...
Chrysler Korea celebrates 19 years

TransportJan 9, 2011

Chrysler Korea is cutting the price of 300C vehicles by 19 percent during January to mark the brand’s launch here 19 years ago. Chrysler vehicles were first imported to Korea through official channe...