[Photo News] Whiskey in vogue

(From left) Richard Quinn, an English fashion designer and a brand collaborator for Pernod Ricardo Korea; Frantz Hotton, CEO of Pernod Ricardo Korea; Mathieu Deslandes, head of Royal Salute; and Miguel Pascual, chief financial officer of Pernod Ricardo, pose for a photo to celebrate the global debut of the second edition of Royal Salute 21 Year Old Richard Quinn in Seoul on Wednesday. The whisky’s world premiere comes against the backdrop of significant growth in high-end wines and whiskie

Oct. 4, 2023

Hyundai Ioniq 7 may start production in July next year

Hyundai Motor Company will begin producing the Ioniq 7, the automaker’s all-electric large sports utility vehicle, in July next year, local media reported Tuesday. According to the report citing unnamed industry sources, Hyundai Motor and its employment stability committee recently carried out a series of meetings to confirm the manufacturing plan for the Ioniq 7. Although there are remaining details to be finalized, the report said the EV SUV will begin production at Hyundai Motor’s

Oct. 3, 2023

Japan's Honda beefs up lineup to revive sales in S. Korea

Honda Korea Co. is beefing up its product lineup to revive sales after they plunged nearly 70 percent in the January-August period from a year earlier due mainly to a lack of new models. Honda Korea Co. has recently launched two all-new models -- the 3.5-liter gasoline-powered Pilot and the 2.0-liter gasoline hybrid CR-V SUVs, while planning to add the Accord gasoline hybrid sedan to the lineup next month. The Japanese carmaker had sold only two models, the 3.5-liter gasoline-powered Odyssey min

Oct. 2, 2023

[Photo News] LG's Chuseok drive

An LG Magna e-Powertrain technician inspects boxes of power inverter modules, essential parts for electric vehicles, at an LG Electronics plant in Incheon, Wednesday. In order to meet surging demand, LG Electronics said its EV parts production lines will remain operational during the six-day Chuseok break. LG’s Vehicle Component Division is expected to hit 100 trillion won ($73.2 billion) in order backlog by the end of this year. (LG Electronics)

Sept. 27, 2023

Revamped Genesis GV80 and first coupe sibling unveiled

Hyundai Motor Group on Tuesday unveiled the updates to its high-end brand Genesis’ sport utility vehicles, the GV80 and GV80 Coupe, in Korea. “Our latest design masterpieces -- the new GV80 and GV80 coupe -- will play a key role in further establishing Genesis as a truly original Korean luxury brand,” said Graeme Russell, Genesis chief brand officer, during a press conference in Yongin, Gyeonggi Province. “Building upon our foundation here in Korea, our global momentum is

Sept. 27, 2023

Hyundai Motor may sell Russian plant to local firm

A Russian firm will buy Hyundai Motor’s manufacturing plant in St. Petersburg which halted operations in March last year, Russian news agency TASS reported Wednesday citing Russian Deputy Prime Minister, Industry and Trade Minister Denis Manturov. The minister was quoted as saying, “We have already formed all decisions on Hyundai’s acquisition. At least what the company has announced itself. This is why a decision will be taken shortly. A local company will be the purchaser.&

Sept. 26, 2023

[Test Drive] Hyundai Ioniq 5 N unleashes full EV power

TAEAN, SOUTH CHUNGCHEONG PROVINCE -- Hyundai Motor Company’s Ioniq 5 N, a high-performance vehicle based on the foundations of the automaker’s awards-winning all-electric sports utility vehicle, does not look like a typical car built for motorsports. To be fair, it is not a race car. Nonetheless, Hyundai has put together an everyday sports EV that boasts monstrous power with the Ioniq 5 N. The Korea Herald got a closer look at the automaker’s first N-labeled EV and tested out t

Sept. 24, 2023

[Test Drive] Toyota’s minivan Alphard boasts sedanlike drive

Toyota launched its fourth electrification model in Korea for this year, the luxury hybrid minivan Alphard that features a chauffeured, sedanlike driving experience. The fourth generation of the multipurpose vehicle that has sold some 150,000 units in Japan and abroad hopes to offer “omotenashi” -- a Japanese expression that describes hospitality and mindfulness -- to customers ranging from company executives who need private space, to family car lovers. “Compared to the previo

Sept. 24, 2023

Hyundai Motor marks 25 years of supporting pediatric cancer patients

Hyundai Motor Group Executive Chair Chung Euisun has reiterated the importance of corporate responsibility as the South Korean automaker celebrated the 25th anniversary of Hyundai Hope on Wheels, a US-based nonprofit organization established to support pediatric cancer research and childhood cancer patients. “Under the vision ‘Progress for Humanity,’ Hyundai Motor is committed to doing the right things for the entire world including innovating products and fulfilling corporate

Sept. 22, 2023

[Photo News] For 2030 Busan World Expo

Hyundai Motor Group is promoting South Korea's bid to host the 2030 World Expo in Busan with the automaker's electric vehicles -- the Ioniq 5 and Ioniq 6 -- bearing the slogan "Busan is ready" near Duffy Square, north of New York's Times Square. The Group has been driving the specially painted vehicles around the city during the UN General Assembly, which is taking place in the city this week. (Hyundai Motor Group)

Sept. 21, 2023

KG Mobility vows to export 200,000 cars by 2026

KG Mobility on Thursday vowed to sell 200,000 cars in global markets by 2026, expanding its global networks from the Asia-Pacific region to Europe. The South Korean carmaker’s planned sales target consists of 200,000 exports -- 100,000 cars and 100,000 units of complete knock-downs -- unassembled car parts -- and 120,000 units of domestic sales in the citied period. “Based on the cumulative $1 billion exports, we are expected to be awarded as one of the Korean companies to have con

Sept. 21, 2023

Hyundai Motor, Georgia Tech team up for future mobility

Hyundai Motor Group has joined hands with the Georgia Institute of Technology, better known as Georgia Tech, to develop future mobility technologies such as battery, hydrogen and software, the South Korean automaker announced Wednesday. According to the announcement, representatives from Hyundai Motor and Georgia Tech including Hyundai Motor Group Executive Chair Chung Euisun and Hyundai Motor Company CEO Chang Jae-hoon signed a memorandum of understanding to collaborate on research and developm

Sept. 20, 2023

[KH Explains] Why Korean battery makers’ mass hiring still ‘not enough’ for tech race

The nation's top three battery makers have gone on a hiring spree, and it shows no signs of stopping. LG Energy Solution, Samsung SDI and SK On have hired thousands of new employees during the first six months of this year alone, but the mass hiring fell short of easing the talent shortage to keep up with their business expansion at home and abroad. According to their regulatory filings in August, LG Energy Solution, the largest among the three, hired 1,688 workers in the January-June perio

Sept. 19, 2023

[Test Drive] Volvo C40 Recharge introduces one-pedal driving

GANGNEUNG -- Manual cars, typically older models, have three pedals: an accelerator, a brake and a clutch. Automatic vehicles have two pedals: an accelerator and a brake. Battery electric vehicles still come with the same two pedals. The C40 Recharge, Volvo’s EV crossover, however, has taken it a step further, presenting an opportunity to essentially drive with only one pedal. The Korea Herald had the chance to test the C40 Recharge from Gangeung to Goseong in Gangwon Province as part of a

Sept. 18, 2023

[Photo News] EVs in NYC to promote Busan Expo bid

Hyundai Motor Group’s latest electric vehicles – the Ioniq 5, Ioniq 6 and Genesis G80 EV – reading “Busan is Ready” are displayed in downtown New York City on Sunday. With graphics designed by graffiti artist Jay Flow, the cars are scheduled to drive around the city’s landmarks during this week’s UN General Assembly to promote Busan’s bid to host the 2030 World Expo. (Hyundai Motor Group)

Sept. 18, 2023

Passenger travel on S. Korea-China routes at half of pre-THAAD row

Passenger travel on air routes connecting to China in August recovered to around half of the 2016 level before Beijing restricted travel to South Korea in 2017 over a row over Seoul's hosting of a US missile defense system, data showed Sunday. The number of travelers on such routes came to 931,272 in August, which accounts for around 45 percent of the 2.06 million posted in the same month of 2016, according to the Ministry of Land, Infrastructure and Transport. In 2017, China banned group t

Sept. 17, 2023

Posco Holdings to boost EV battery value chain integration

Posco Holdings said on Friday it has reduced its dependence on China by strengthening the integration of its electric vehicle battery value chain that covers mining and refining minerals, manufacturing materials and recycling batteries. “It’s almost impossible to be a top-tier firm in the battery materials business without the vertical integration of manufacturing,” said Nam Sang-cheol, head of the research and development division at Posco Holdings, during the Korea Advanced B

Sept. 15, 2023

EcoPro vows to accelerate closed-loop EV battery recycling

South Korean battery materials manufacturer EcoPro said Friday it will boost its closed-loop electric vehicle battery recycling business amid rising concerns over battery waste disposal. Closed-loop recycling refers to the process that can convert a used product back into raw materials to create a new version of the same product. EcoPro operates a battery recycling value chain called Eco-battery Pohang Campus in North Gyeongsang Province where its six subsidiaries -- EcoPro CnG, EcoPro Innovatio

Sept. 15, 2023

‘Korean battery makers to catch up with Chinese rivals by 2025’

South Korea’s top three battery makers are highly likely to see a surge both in sales and operating profits despite their reduced market share in the global electric vehicle battery market, which is dominated by Chinese rivals, according to market tracker SNE Research on Thursday. “Due to China-made low-priced lithium iron phosphate (LFP) batteries, LG Energy Solution, Samsung SDI and SK On’s combined market share worldwide dropped from 30.4 percent in 2021 to 23.8 percent in t

Sept. 14, 2023

Hyundai Motor, labor union reach tentative agreement on wage increase

Hyundai Motor Group said Wednesday it has signed a tentative wage agreement with the company’s labor union, extending their strike-free negotiation streak to five consecutive years. The management and labor union members including Lee Dong-suk, president of the domestic production department at Hyundai Motor Group, and the company’s union representative Ahn Hyun-ho carried out the 21st round of negotiations at the Ulsan plant on Tuesday. The key agendas on the table were the wage hik

Sept. 13, 2023