Renault Samsung’s Master van has become a popular choice as a school bus and as a camping car in South Korea due to its safety and customizable features. The Master van, first introduced in 2018 in South Korea, offered enhanced safety and a business solution for its customers, the company said on Monday. “Parents are relieved to see that we use Renault Master as our academy bus to pick up stude...

Marking a shift in generation after Chairman Chung Euisun took office, Hyundai Motor Group announced its regular reshuffle Friday, the largest yet with more than 200 promotions to senior positions. Many executives from the older generation, such as Hyundai Motor Vice Chairman Yoon Yeo-chul stepped down, with younger figures newly appointed to senior positions. That includes Choo Kyo-woong, the ...

Korean Air said Friday that it has joined Pratt & Whitney’s engine maintenance, repair and overhaul, or MRO, network to enhance its competitiveness in the field of aviation engine management. US aerospace company Pratt & Whitney is the producer of a high-bypass geared turbofan engine family called the Geared Turbofan, or GTF, and operates a global GTF engine MRO network with the industry’s top p...

South Korean steelmaker Posco Group is pushing for commercialization of lithium hydroxide with saline water in the lake of Hombre Muerto, Argentina. Posco announced Thursday that it got an approval from the board of executives for an investment project to commercialize lithium hydroxide production with the salt lithium of Hombre Muerto, a salt lake in Argentina last Friday. A total of 950 billi...

South Korea and the US are discussing ways to cooperate on 5G network establishments for a “trusted” network, said Jose W. Fernandez, the US undersecretary for economic growth, energy, and the environment, on Thursday in Seoul. Touting Korea as a leader in the 5G sector, Fernandez said the US is currently discussing establishing 5G networks with various countries and that South Korean companies ...

Hyundai Motor Group unveiled its Mobile Eccentric Droid, or MobED, a small mobility platform using cutting-edge robotics technologies, Thursday. MobED has a flat rectangular body with four wheels that can each move independently so its body can remain stable even on slopes and bumpy roads. One of its features is the independent suspension of the wheels, which allows them to navigate a narrow an...

Hyundai Glovis, the logistics arm of Hyundai Motor Group, became the first global shipping company to secure an exclusive shipping space in the port of Bremerhaven, Germany, Europe’s largest automobile shipping port. Hyundai Glovis announced Wednesday it will establish a 100,000 square-meter open storage yard, big enough to store around 5,000 cars, and three berths in the port of Bremerhaven. T...

Audi Korea’s newly launched EV model Audi e-tron GT Quattro offers a comfortable long-distance driving experience, and convenient but sporty features. The carmaker’s first all-electric model Audi RS e-tron GT embodies agile and dynamic handling, and the materials used for the interior are all recycled, enhancing sustainability. By launching diverse high-performance models, Audi Korea aims to br...

Kia Motors, the nation’s second-biggest carmaker, has claimed the No. 2 spot in EV sales in Sweden this year, outpacing its US rival Tesla. According to market tracker EU-EVs on Sunday, Kia sold a total of 6,018 EVs in the January-November period this year, becoming the second highest-selling EV brand with a 12.7 percent market share. At the top of the list was Volkswagen, which sold 9,296 vehi...

Posco International, the trading arm of the country’s leading steelmaker, said Sunday it was accelerating its business expansion into global natural gas exploration and production by acquiring Australian natural gas producer Senex Energy. The company said it had signed a joint investment deal with Hancock Energy, an Australian partner, to acquire a 50.1 percent stake in Senex Energy. The deal is...

The state-run trade promotion agency Kotra and foreign chambers of commerce in Korea on Thursday signed a memorandum of understanding to cooperate in providing economy-related educational programs for expatriates working in South Korea. The program, called “Business+ Forum,” will begin in March next year, and expatriates at the management and executive level working in foreign companies, interna...

Posco International, the trading arm of the country’s leading steelmaker Posco, has set up a holding company in Singapore to expand its palm oil business, the company said Wednesday. The trading company is currently seeking to transfer 85 percent of its stake in an Indonesian palm farm to the holding company in the city state. The transfer will be completed by the end of the year, officials in ...

The Korea Automobile Journalists Association said Monday that it has chosen Hyundai Motor’s luxury brand Genesis’ GV 60, its first electric car based on its exclusive EV-dedicated modular platform, as its car of the month. Every month, the association selects its best model among new vehicles and updated versions that were launched within the past month, based on five criteria including exterior...

Silence prevailed at the departure gates of Incheon Airport on Thursday, a day after the nation reported its first cases of COVID-19’s omicron variant. People waiting to check in for their flights were seated meters apart with masks on. Some were wearing plastic gloves and face shields for extra protection. Cafes at the terminal were open but practically empty. “I mean, it’s the airport. Even m...

Incheon Airport on Thursday forecast its debt ratio to spike to nearly 70 percent this year due to a plunge in flight operations and travelers amid the COVID-19 pandemic. The airport operator said in a press conference that flight operations are likely to have dropped 19 percent from last year, and travelers by 70 percent on-year. The downturn has hurt revenue, as the airport’s sales stood at 4...