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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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul alerts overseas missions to NK terror 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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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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Questions raised over fair promotion of RM, NewJeans
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GM Korea cuts All New Cruze prices to catch up with competitors
GM Korea Co. said Thursday it has lowered the price of its new compact car amid the delay in the production and delivery of the vehicles to address defective airbag parts.The South Korean unit of USautomaker General Motors Co. cut the price range of the All New Cruze models to 16.9 million won ($14,616) and 23.4 million won, down from their earlier price range of 18.9 million won and 24.7 million won.(Yonhap)The original price tags were a bit higher than their competitors, Hyundai Motor Co.'s Av
March 9, 2017
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Hyundai seeks to revive Sonata legacy
Hyundai Motor, the nation’s largest carmaker, unveiled a face-lift of the current generation of the Sonata LF on Wednesday, with an aim to revive its once-dominant presence in the midsized sedan category here. The South Korean carmaker applied a dramatic twist to its existing design and added a list of smart features. Calling it Sonata New Rise, the carmaker plans to sell 92,000 units in the local market this year. Lee Kwang-guk, executive vice president of Hyundai Motor’s domestic sales divisio
March 8, 2017
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US vehicle emission ease to impact LG Chem
The Trump administration’s latest moves to ease vehicle emissions is expected to deal a blow to local companies involved in electric vehicles such as LG Chem, South Korea‘s leading electric vehicle battery maker, an industry expert said Wednesday.“It is likely that global automakers’ momentum to develop electric vehicles will weaken due to the US government’s decision (to ease regulations),” said Lee Choong-jae, an analyst from KTB Investment and Securities.Lee added that LG Chem, for one, will
March 8, 2017
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[News Focus] Driving closer to being a chore of the past
A mere three years from now, the public can expect to see fewer manually driven cars on the road. Autonomous technology has become the new wave of the future for the automotive industry, as worldwide sales of self-driving cars are forecast to reach annual sales of 20 million units by the year 2035, according to a report by the Korea Institute for Industrial Economics and Trade. “The smart car market will expand to a large extent as self-driving cars are expected to hit the road around 2020,” t
March 8, 2017
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Full-size cars gain popularity in Korea
Full-size sedans are fast gaining popularity among South Korean motorists with their sales overhauling those of midsize cars in recent months, data showed Wednesday.Domestic sales of full-size cars, including Hyundai Motor Co.'s Grandeur and Kia Motors Corp.'s K7, totaled 16,314 units in February, about 1,500 more than those of Hyundai's Sonata and other intermediate cars, according to the data from the Korea Automobile Manufacturers Association.Hyundai Motor Co.'s all new Grandeur full-size sed
March 8, 2017
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SK Networks may merge with AJ Rent-a-car
SK Networks, South Korea’s third-largest car rental provider, is rising as a possible buyer of AJ Rent-a-car, the country’s No. 2 car rental company, local reports said Tuesday.(SK Networks)Since last September, there have been speculations that AJ Networks -- a local construction device and IT equipment rental provider -- might sell 45.38 percent of shares in its rental service unit. “It is highly likely that that the proceeds from the LPG business disposal will be earmarked for rental car busi
March 7, 2017
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Hyundai unveils new fuel cell concept car at Geneva Motor Show
South Korea's top automaker Hyundai Motor Co. introduced its new green concept car, the FE, at the Geneva International Motor Show on Tuesday, also bringing more than 10 other cars for the world to see.The FE Concept is a fuel-cell based electric car that is designed to have a maximum driving range of more than 800 kilometers, according to the company.South Korea's leading automaker Hyundai Motor Co. unveils its new futuristic concept car, the FE Fuel Cell Concept, at the 87th Geneva Internation
March 7, 2017
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Suncore launches BYD’s electric bus in Korea
Suncore said Tuesday it has launched the electric bus “eBUS-12” manufactured by China’s electric-car maker BYD.The company, in charge of the electric bus’ distribution here, held a launching ceremony attended by officials of the Environment Ministry and relevant industries. BYD’s eBUS-12 (Suncore)The eBUS-12 has greatly reduced the costs of maintenance through highly efficient battery that does not have to be exchanged as often as before to last as long as 11 years, Suncore explained. It has al
March 7, 2017
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Imported auto sales rise 3.5% in Feb.
Sales of imported cars in South Korea gained 3.5 percent from a year earlier last month, partly due to a steady advance by Mercedes-Benz, market data showed Tuesday.The number of newly registered imported vehicles here came to 16,212 in February, compared to 15,671 in the same month last year, according to the data from the Korea Automobile Importers and Distributors Association.Dimitris Psillakis, CEO of Mercedes-Benz Korea, holds a press conference at a Seoul hotel on Jan. 16, 2017, announcing
March 7, 2017
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Hyundai, Kia showcase European styling, green cars at Geneva Motor Show
South Korea's Hyundai Kia Automotive Group said Tuesday it showcased several eco-friendly vehicles at this year's auto show in Geneva, Switzerland, wooing European customers sensitive to the environment and fuel efficiency.Hyundai Motor Co. said it has introduced a new i30 wagon, a European-style wagon derived from the i30 compact hatchback, at the Geneva International Motor Show at Palexpo, Geneva, which opened Tuesday and will run through Sept. 19.The Hyundai i30 wagon (Hyundai Motor)Hyundai i
March 7, 2017
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Genesis picked as top brand among local cars
The Genesis, a separate premium brand of South Korea's top automaker Hyundai Motor Co., has won this year's best brand ranking among local cars for the first time, a survey said Tuesday.Brandstock, a South Korean market research firm that determines the rankings of local brands, said in its latest survey that the Genesis got 873.7 points on a scale of 1,000 in terms of its Brand Stock Top Index, topping this year's car brand ranking.The Genesis EQ900 (Hyundai Motor Co.)It represents a marked ris
March 7, 2017
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German automakers to join new vocational program
The Korea-German Chamber of Commerce and Industry, in cooperation with Mercedes-Benz Korea and BMW Group Korea, announced the launch of Germany’s advanced vocational training system “Ausbildung” here Monday. The German educational program in Korea is an on-the-job training and academic system geared toward nurturing technical professionals, particularly young students interested in pursuing careers in the automotive industry. “The dual education training system has a very long tradition in Ger
March 6, 2017
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Kia Soul, Hyundai i30 remain best-selling models despite weak popularity at home
The Kia Soul continued to remained one of the best-selling cars made by South Korea's No. 2 automaker in overseas markets last year, despite its dwindling popularity at home, industry data showed Monday.In 2016, 168,159 units of the car were shipped overseas, more than 70 times higher than 2,359 units sold here, according to the data released earlier from Kia Motors Corp. The Kia Soul EV crossover (Kia Motors)The Soul is a crossover multipurpose vehicle, and is better known as a box car. The car
March 6, 2017
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[Herald Interview] Jeju expo to promote EV mass market, seek diversity
Despite the overflowing expectation on electric vehicles, often lauded as the future of the auto industry, the actual market for zero emission cars has been growing at a very slow pace.The portion of EVs around the world accounts for 0.01 percent of the total. But Kim Dae-hwan, chairman of the International Electric Vehicle Expo, believes that a significant change in the industry may happen this year, starting from an unlikely place -- the South Korean resort island of Jeju. Kim Dae-hwan, chairm
March 5, 2017
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Experts call for practical solutions to expand eco-friendly cars
South Korea’s government is spurring investments to foster eco-friendly cars, with its latest plan announced last week to build 200 more charging stations for green cars on expressways nationwide until 2025. The Ministry of Land, Infrastructure and Transport shared plans to construct charging stations for hydrogen-powered cars, electric vehicles and plug-in hybrids. Eco-friendly cars will also receive a 50 percent reduction on highway tolls until theys become common here. A detailed business pla
March 5, 2017
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[News Focus] Can Tesla still draw drivers despite lack of subsidies?
With American electric car giant Tesla preparing to open its first showrooms in Korea next week, industry officials are left speculating whether the company’s high prices and lack of government subsidies will still allow the company to make a big splash in the local eco-car market. The first model set to hit the local streets will be Tesla’s luxury Model S 90D, with a starting price of 121 million won ($105,000). However, despite the higher price tag compared to competing electric vehicles curr
March 5, 2017
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Gwangju begins Korea's first hydrogen car sharing program
The southern city of Gwangju will launch South Korea's first hydrogen car sharing program, the government said Sunday.The environment ministry said the city 329 kilometers south of Seoul has been tapped as a testbed for the car-sharing endeavor, aimed at improving public awareness of the eco-friendly vehicles. The car sharing industry -- short-term, automated car rental services -- has grown quickly in South Korea on the back of the widespread usage of smartphones. (Yonhap file photo)An official
March 5, 2017
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Sales of autonomous cars expected to hit 20 mln worldwide in 2035: report
Worldwide sales of autonomous cars are forecast to reach 20 million units by the year of 2035 on the back of rapid development of related technologies, a report said Sunday."The smart car market will expand to a large extent as self-driving cars are expected to hit the road around 2020," said the report released by the state-funded Korea Institute for Industrial Economics and Trade. Google’s self-driving vehicle. (Yonhap)It said the autonomous car industry will expand sharply in the coming years
March 5, 2017
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Local auto industry braces itself for storm
Dark clouds are hanging over the local auto industry due to weakened conditions in and outside of the country, despite local automakers’ increased on-year global sales for February and aggressive marketing strategies to maximize demand at home.According to figures presented by five local automakers -- Hyundai and Kia Motors, GM Korea, SsangYong Motor and Renault Samsung Motors -- they sold a combined 618,930 units in the local and global markets last month, up 2.5 percent on-year.Experts attribu
March 3, 2017
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Korean carmakers' sales grow 2.5% in Feb.
Global sales of South Korea-based automakers grew from a year earlier last month with sales growing both at home and abroad, the companies said Thursday.In February, combined global sales of the five automakers here came to 645,932 cars, up 2.5 percent from 629,881 cars sold in the same month last year, accordig to data released by the companies. (Yonhap)Led by market leader Hyundai Motor Co., the five carmakers sold a combined 119,612 vehicles in the local market, up 8.1 percent from a year ea
March 2, 2017