Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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Pandemic left Korea more depressed than before: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Medical feud leaves hospitals in financial crisis
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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'Queen of Tears' riding high on Netflix chart
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Govt. asks hospitals to mitigate impact of medical professors' absence
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Carmakers on alert as shows put on hold amid COVID-19 spread
With global motor shows either being delayed or likely to be called off due to coronavirus concerns, automakers are likely to face setbacks in their plans to unveil their latest models, according to industry sources Sunday. Organizers of Asia’s largest auto event, Beijing Motor Show slated for April 21-30, have announced that it has been “indefinitely delayed.” The event has been “postponed until further notice,” and a decision will be taken after closely w
Feb. 23, 2020
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[Photo News] Hyundai's hydrogen campaign featuring BTS in NY
Hyundai Motor’s global hydrogen advertisement featuring BTS is aired via Marriott Marquis Hotel’s digital signage display at Times Square in New York on Friday. In the advertisement, which played for an hour, BTS members explained the company’s vision and efforts to achieve a future hydrogen society through its hydrogen fuel cell car Nexo. (ddd@heraldcorp.com)
Feb. 23, 2020
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Airlines to suspend more flights over coronavirus
South Korean airlines said Friday they will reduce more routes and ask employees to take unpaid leave as the spread of the novel coronavirus is impacting travel. With no clear end in sight for the COVID-19 outbreak, local airlines began to suspend or reduce their flights early this month to adjust to weak demand on domestic and international routes. Korean Air Lines Co., the country's biggest airline, said it plans to gradually begin halting services on seven additional routes to Asian citi
Feb. 21, 2020
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Hyundai develops world's first automated gearshift that reads traffic ahead
Hyundai Motor Group said Thursday that it has developed a self-controlling gearshift that measures traffic ahead and predicts optimized gearing, which it said is the first of its kind in the world. While existing smart drive modes work by learning the pattern of the drivers, the new information and communication technology-connected transmission system recognizes road situations and automatically changes gears for speed, the automaker said. The new technology will be adopted in upcoming models
Feb. 20, 2020
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Hanjin Group joins hands with startup accelerator Plug and Play
Hanjin KAL, the holding firm of Hanjin Group which owns the country’s largest air carrier Korean Air, said Thursday that it has partnered with US startup accelerator Plug and Play for business diversification. Headquartered in Silicon Valley, Plug and Play has previously clinched development partnerships with global information and communications technology firms including Google, PayPal, Dropbox and Logitech. It has also worked with Coca-Cola, Mercedes-Benz, Singapore Airlines and Americ
Feb. 20, 2020
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Hyundai Motor chairman steps down as board chair
Hyundai Motor Group Chairman Chung Mong-koo will step down as the chair of the board, as he was not reappointed as an internal director at the firm’s board meeting, the automaker said Wednesday. Chung, who had been the board chair since 1999, will retain the positions of Hyundai Motor’s unregistered executive and Hyundai Mobis’ registered director. He has been stepping away from day-to-day management and has not attended board meetings since 2018. Upon the departure of Chu
Feb. 19, 2020
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Seoul court rules van-hailing service Tada not illegal
The Seoul Central District Court on Wednesday found Socar CEO Lee Jae-woong and VCNC CEO Park Jae-wook not guilty of violating transportation laws with their ride service that is strongly opposed by the taxi industry. Socar is the parent of VCNC, which runs Tada, an 11-seat van-hailing mobile app service. The court said in a ruling that Tada is seen as an “innovative mobility business” that cannot be categorized based on the existing transportation business frame. &ldqu
Feb. 19, 2020
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All of Asiana Airlines executives offer to resign amid low profit on coronavirus spread
Korean full-service carrier Asiana Airlines said Tuesday that all executives, including the CEO, have offered to resign to improve the company’s financial health, which has been severely hurt by the latest outbreak of the coronavirus that has cut into aviation services. In a letter sent to Asiana employees, the air carrier’s CEO Han Chang-soo said that the company has activated an emergency business management due to the crisis following the epidemic outbreak. Han said
Feb. 18, 2020
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[Monitor] South Korea remains world’s 7th largest automobile producer
Although the number of automobiles manufactured in South Korea dropped below 4 million units last year, its global market share in car production increased slightly, data by the Korea Automobile Manufacturers Association showed. The number of cars produced dropped 1.9 percent from 2018, but the market share in car production increased by 0.1 percentage point. The association pointed out that Korea failed to see a more significant improvement due to prolonged conflicts and strikes at major aut
Feb. 18, 2020
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Anti-chairman coalition falters at Hanjin with withdrawal from director candidate
Kim Chi-hoon, a former Korean Air executive director who was proposed as one of the inside directors for Hanjin Group, said Tuesday he was voluntarily resigning from the candidacy. His withdrawal deals a blow to a coalition formed by Hanjin Group heiress Cho Hyun-ah to counter her brother, Chairman Cho Won-tae, as Kim had been recommended by them. Kim reportedly said that he was “against what the coalition intends to do,” according to Hanjin KAL, the holding company of Hanjin Group
Feb. 18, 2020
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Hyundai Motor again halts assembly line in S. Korea over parts shortages
Hyundai Motor Co., South Korea's biggest carmaker by sales, on Tuesday suspended one of its five main assembly plants in Ulsan due to a lack of parts from China amid the spreading coronavirus outbreak. Hyundai said the No. 1 assembly plant in Ulsan, 414 kilometers southeast of Seoul, is set to be closed until Thursday, a move that will disrupt production of the Veloster subcompact and the Kona subcompact SUV. The latest halt came five days after Hyundai Motor resumed operations at the assembl
Feb. 18, 2020
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SsangYong’s Rexton Sports logs 40,000 units of annual sales for 2 years
SsangYong Motor’s flagship sports utility vehicle Rexton Sports has sold more than 40,000 units annually for the second year in a row, the carmaker announced Monday. This is the first time Ssangyong has sold over 40,000 units of an SUV brand two years in a row, the company said. SsangYong Motor said 41,717 Rexton Sports vehicles were sold in 2018, accounting for 99.2 percent of the total number of pickup trucks sold in Korea that year. In 2019, a total of 41,328 Rexton Sport
Feb. 17, 2020
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Airlines to cut fuel surcharges on int'l routes in March
South Korean airlines will lower their fuel surcharges on international routes in March to reflect lower jet fuel prices, industry sources said Monday. The surcharges for one-way tickets on long-haul international routes will drop by two notches to 19,200 won next month from 49,200 won in February, according to the sources. If the average jet fuel price on the Singapore spot market rises over $1.50 per gallon, South Korean airlines are allowed to impose fuel surcharges starting one month lat
Feb. 17, 2020
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Korean carmakers on track to normalize production this week
South Korean carmakers said Monday they are on track for normalizing production later this week after suffering parts shortages from China amid the spreading coronavirus outbreak. The country's five carmakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co. -- are still struggling to get parts on time, although suppliers in China partially resumed operations last week with the COVID-19 virus outbreak showing no sign of slowing. They
Feb. 17, 2020
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Kia unveils design of new Sorento, launch scheduled in March
Kia Motors Corp. on Monday unveiled the design of the all-new Sorento SUV ahead of its domestic launch next month as it strives to boost SUV sales further. The fourth-generation SUV adopts a new design concept, Borderless Gesture, which is defined by a combination of the "strong design heritage" of its predecessors and the "refined and delicate feel" of a sedan, the company said in a statement. The new Sorento's powertrain and other details will be released later, it said
Feb. 17, 2020
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[Behind the Wheel] Mercedes-Benz aims to bolster SUV lineup with facelift GLC
Mercedes-Benz has consistently commanded the top position in the South Korean imported vehicles market. Last year alone, it sold 78,133 units, led by its flagship sedan series E-Class. Compared to sedans, the German luxury automaker’s sport utility vehicles had taken a back seat. To expand its clout in the promising SUV sector, the automaker began bolstering its SUV lineup early this year, bringing back a facelifted version of the GLC compact SUV after four years. The GLC is on
Feb. 16, 2020
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Hyundai’s hydrogen-powered trucks to hit the road in Korea by 2023
Hyundai Motor is set to introduce two hydrogen-powered trucks in South Korea by 2023 and add 10 more in the following year in collaboration with a local port authority, the automaker said Sunday. The carmaker said it signed a memorandum of understanding with Yeosu Gwangyang Port Authority on Friday to lay the foundation for hydrogen mobility and to vitalize the hydrogen economy at Gwangyang Port in South Jeolla Province. The region is home to petrochemical complexes that produce hydrogen as
Feb. 16, 2020
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17 Hyundai, Kia cars picked as safest in US crash test
A total of 17 Hyundai Motor Group car models received either Top Safety Pick+ or Top Safety Pick awards from the Insurance Institute for Highway Safety this year. The US awards recognize the safety of vehicles in crashes. According to South Korea’s leading carmaker, the Genesis G80, Genesis G70 and Nexo were named Top Safety Pick+, with the latter two recognized for their “good-rating” headlights for all trims. Top Safety Pick went to eight models from Hyundai Motor -- El
Feb. 14, 2020
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Korean Air unionized workers warn against KCGI-Cho Hyun-ah coalition
Korean Air’s unionized workers on Friday warned against a coalition comprising a Korean Air heiress and activist fund Korea Corporate Governance Improvement. In an apparent scheme to oust incumbent Chairman Cho Won-tae, former Korean Air Vice President Cho Hyun-ah and Hanjin Group’s largest and third-largest shareholders -- KCGI and Bando Construction -- said Thursday they are proposing eight figures, including former SK Group Vice Chairman Kim Shin-bae, as candidates for boar
Feb. 14, 2020
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KLM apologizes after being accused of coronavirus racism
The Netherlands’ flag carrier KLM Royal Dutch Airlines apologized Friday for banning South Koreans from using a restroom on a plane amid coronavirus concerns. According to a Korean passenger onboard the KLM 855 flight bound for Incheon from Amsterdam on Monday, a hand-written note that read “cabin crew exclusive restroom” in Korean was posted on the door of a restroom. Koreans made up 135 out of 279 passengers on the plane. When a passenger asked why the note wa
Feb. 14, 2020