Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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[Music in drama] Rekindle a love that slipped through your fingers
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Hopes rise for possible Gaza truce deal
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[Behind the wheel] New Chevy Cruze highlights safety with 360-degree protection
The 2017 Chevrolet Cruze takes to the road during a media experience test drive Wednesday morning. (GM Korea)Featuring 360 degrees of advanced protection technology, driving seems to feel safer with the new 2017 Chevrolet Cruze. GM Korea first unveiled the newest model of its Chevy Cruze last month, with safety at the vehicle’s forefront of appeal and attraction for the everyday driver. Whether it’s navigating through congested downtown streets or heading out on the open road, the new 2017 Chevy
Feb. 12, 2017
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Auto parts supplier set for listing on KOSDAQ
Mobile Appliance Inc., a smart car parts supplier, said Friday that it will be listed on South Korea's stock market later this month.The company, a manufacturer of mobile personal navigation devices for automobiles, car digital video recorders and head-up displays, plans to carry out an initial public offering next week. Lee Jae-shin, head of Mobile Appliance Inc., in a photo provided by the firm (Yonhap)"(We) are a prepared firm in the era of the fourth industrial revolution with core technolog
Feb. 10, 2017
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Kia Motors' Mexico sales jump fivefold in 2016
Sales of South Korea's No. 2 automaker Kia Motors Corp. in Mexico jumped more than five times from a year earlier in 2016, suggesting a possible solution to a newly proposed U.S. tax on foreign-made cars that could affect Kia vehicles produced in the Central American nation, market observers and a local trade agency noted Friday.In 2016, Kia Motors sold 58,112 vehicles in Mexico, up 427.3 percent from a year earlier, according to the Korea Trade-Investment Promotion Agency. An aerial view of Kia
Feb. 10, 2017
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GM Korea aims to sell record 194,000 vehicles this year
GM Korea CEO James Kim has set Chevrolet’s domestic market annual sales target at 194,000 units, the highest-ever local sales goal for the global brand, according to GM on Thursday. Last year the company sold 180,275 units, a 13.8 percent increase compared to the previous year. The results marked the first time the brand broke the 180,000-marker since it first entered Korea’s imported car market in 2011. GM Korea CEO James Kim (fourth from left) and Vice President of Vehicle Sales, Services an
Feb. 9, 2017
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GM Korea sets domestic sales target at 194,000 for 2017
GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., seeks to sell 194,000 cars in South Korea in 2017, the company said Thursday.The annual domestic sales target was released at a workshop for the company's 400-strong dealerships held in Incheon on Wednesday. James Kim (R), president and CEO of GM Korea, poses for a picture after introducing the all new Chevrolet Cruze compact car in a media showcase in Seoul on Jan. 17, 2017. (Yonhap)GM Korea CEO James Kim earlier said his
Feb. 9, 2017
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Renault-Nissan sales close to 10 million in 2016
PARIS (AFP) -- Renault-Nissan said Wednesday it sold nearly 10 million vehicles worldwide as the group faces up to accusations that Renault participated in an emissions scandal.Renault-Nissan, which has aspirations to become one of the world's top three carmakers behind Volkswagen and Toyota, said in statement that unit sales jumped by nearly 17 percent to 9.96 million vehicles last year. (Yonhap)German giant Volkswagen is the world's biggest in terms of units sales, with 10.3 million vehicles s
Feb. 8, 2017
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GM Korea officials, labor under fire for selling jobs
Executives and unionized workers at GM Korea, a local subsidiary of General Motors, are to face trials for allegedly receiving bribes in exchange of offering permanent jobs to contract workers.Prosecutors in Incheon, west of Seoul, on Tuesday said they have indicted five former and current senior employees at GM Korea, as well as 17 former and incumbent labor representatives. Leaders at GM Korea‘s labor union are accused to have received tens of millions of won from contract workers who wanted t
Feb. 8, 2017
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Hankook Tire, Kumho Tire expand US presence
Hankook Tire's new plant in the US state of Tennessee. (Yonhap)Hankook Tire, South Korea’s No.1 tire maker, will be hiring about 1,200 employees to work at its new plant in the US state of Tennessee, the firm said Wednesday. The tire maker has already hired some 300 workers at its new US facility, which recently began test runs.It plans to hire a total of some 1,200 workers there by October, the company spokesperson said.Meanwhile, South Korea’s second-largest tire firm Kumho Tire also completed
Feb. 8, 2017
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Hyundai, Kia win four iF awards
Hyundai Motor and its sister company Kia Motors have won four awards from the annual International Forum Design Award, one of the three major industrial design competitions, the company said Wednesday.Kia’s Niro, Rio, and K5 sports wagon, and i30 of Hyundai Motor were named as winners in the automobiles and vehicle section of the iF Award. Organized by the Hanover-based International Forum Design, the award recognizes products for their overall design, originality, and their thoughts on the envi
Feb. 8, 2017
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Hyundai Motor delays China launch of Sonata hybrid amid THAAD row
South Korea's leading automaker Hyundai Motor Co. has reportedly postponed the launch of its Sonata plug-in hybrid in China by nearly a year, company official said Wednesday, due to what many believe is China's trade retaliation against the planned deployment of a US air missile defense system to South Korea.The new Sonata plug-in was originally expected to be introduced in the Chinese market in April. The Hyundai Sonata plug-in hybrid (Hyundai Motor)Company officials said the car will likely be
Feb. 8, 2017
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Volkswagen Korea customers reject recall
Hundreds of Audi Volkswagen Korea customers are refusing to comply with the local auto distributors’ recall measures for its illegally faked emissions vehicles, according to the law firm Barun Law LLC. Last month, the Korean government announced it had approved Volkswagen’s first round of recall plans for 27,000 Tiguan SUVs to begin on Monday. However, following the recall approval, 610 Tiguan owners filed a law suit with the administrative court against the Ministry of Environment last month
Feb. 7, 2017
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Benz’s imported auto market share reach 41%
German auto giant Mercedes-Benz sold 6,848 cars domestically last month, marking a 59.3 percent on-year spike, the Korea Automobile Importers & Distributors Association said on Monday. Mercedes-Benz Korea’s market share among the imported cars has also reached 41 percent last month, up more than 14 percent from the same month last year. Mercedes-Benz Korea has been showing phenomenal growth in the domestic import cars market in recent years, selling more than 2 million units for the first time
Feb. 6, 2017
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Korea’s green car market small, but growing fast
South Korea’s eco-friendly car market is continuing its rapid growth as the number of the country’s green cars increased by 63.9 percent from 2015 to 2016, the Korea Automobile Importers & Distributors Association said Monday. Despite still lagging severely behind the Chinese, US and European markets, the local hybrid and electric market sold a total of 68,774 eco-friendly cars last year, compared to 41,956 the previous year. The increase was the highest proportional rise worldwide. Sales of h
Feb. 6, 2017
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Kia’s China sales plummet 38.9% last month
The nation’s No. 2 carmaker Kia Motors saw its sales in China plummet 38.9 percent last month, according to company and industry sources on Sunday. Kia Motors said it sold 30,800 units to its Chinese factory in January, down 18,459 vehicles compared to the 49,259 units sold during the same month last year. Retail sales have also dropped 13.1 percent. According to news reports, a number of industry insiders suspect the slump in sales is linked to Chinese dealers demanding Kia compensate them fo
Feb. 5, 2017
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Imported truck sales hit record 75.8% jump last year
Imported trucks celebrated a record year last year, seeing a 75.8 percent spike in sales from 2015, according the Korea Automobile Manufacturers Association. Non-domestic truck sales stood a 7,726 units in 2016 compared to the previous year’s 4,396 units, KAMA’s data showed Sunday. Following the enactment of the Korea-EU and Korea-US free trade agreements in 2011 and 2012, respectively, tariffs on imported vehicles have been removed, sparking an increase in competition and demand in the domest
Feb. 5, 2017
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Kia Motors suffers 38.9% plunge in January sales in China
Kia Motors Corp., South Korea's second-largest carmaker, saw its sales in China last month plunge 38.9 percent on month, amid a dispute with some of its Chinese dealers over inventory, according to company and industry sources on Sunday. Kia's sales fell to 30,080 units in January in China, from 49,259 units in December last year. This photo shows Kia Motors Corp.'s KX7 sport-utility vehicle. (Kia Motors)Industry sources suggested that Kia may seek to reduce its unsold cars before it begins sel
Feb. 5, 2017
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Ministry recalls 19 international car models
A total of 5,204 vehicles across 19 different non-domestic car models are being recalled by local distributors of brands including Honda, Nissan, Land Rover and Maserati, the Ministry of Land, Infrastructure and Transport said Thursday.Japanese automakers Honda and Nissan will be initiating a combined recall of 3,565 vehicles from four different models. (Yonhap)Honda Korea will recall 1,407 Accords that are equipped with Takata air bags, which have led to fatal accidents in other countries beca
Feb. 2, 2017
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Mercedes-Benz takes students to German headquarters
Select students of Mercedes-Benz’s Mobile Academy visit the Mercedes-Benz headquarters in Stuttgart, Germany. (Mercedes-Benz Korea)Select students from the annual Mercedes-Benz Mobile Academy won the opportunity to visit the luxury auto giant’s headquarters in Stuttgart, Germany, the company said Tuesday. The Mobile Academy is an industry-academy joint project run by the carmaker, aimed to nurture and develop students looking to pursue a career in the automotive industry. Fifteen students were
Feb. 1, 2017
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Hyundai Motor's downturn takes toll on suppliers
Hyundai Motor Group headquarters in Seocho, southern Seoul (Yonhap)A six-year low operating profit posted by Hyundai Motor in 2016 had a negative domino effect on the overall performance of related affiliates dependent on South Korea’s largest auto firm, company data showed Tuesday. The suppliers’ heavy reliance on Hyundai Motor had exposed them to greater risk of being affected by the auto firm’s disappointing yearly outcome, industry experts said.Hyundai Motor posted an operating profit of 5.1
Jan. 31, 2017
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Domestic car production reaches 6-year low, overseas numbers rise
Domestic automobile production saw a 7.2 percent decrease last year compared to 2015, marking the lowest production rate for local automakers in six years, according to the Korea Automobile Manufacturers Association. Seven domestic automakers -- Hyundai Motor, Kia Motors, GM Korea, Ssangyong Motor, Renault Samsung Motors, Daewoo Bus and Tata Daewoo -- manufactured a combined total of roughly 4.23 million units in Korea last year, down 330,000 vehicles. The decline in domestic production is wide
Jan. 31, 2017