Hyundai Motor Group said Sunday that four of its cars -- Palisade, Sonata, Genesis G90 and Kia’s Telluride -- have won awards in a crash test held by the US Insurance Institute for Highway Safety, one of the industry's top safety honors. The Hyundai Palisade, Kia Telluride and Genesis G90 were named as Top Safety Pick+, the highest ranking, while Hyundai Sonata won the second-highest Top Safety ...

South Korean automaker to add all-electric sedan to its portfolio in 2024

Hyundai Motor Group's all-new Grandeur has won the 2023 Car of the Year award, the Korea Automobile Journalists Association announced Wednesday. According to the KAJA, the all-new Grandeur earned an overall score of 80.75 out of 100, closely beating out BMW's 7 series, which received an 80.43. The association reviewed 18 vehicles from 13 brands for the award. (Hyundai Motor Group)

Asiana Airlines said Wednesday it is preparing to expand its international routes by increasing the number of flights to 40 a week on 12 different routes starting next month. This comes along with a recent upsurge in international travel after the steady lifting of travel restrictions as the pandemic has slowed down. “Starting with this initial flight expansion, we will continue our efforts to ...

Product quality, cash flow cited as key factors for LG to win high-profile deal

South Korea’s imports of gas and coal hit an all-time high last year on surging global energy prices, data showed. The value of gas imports came to $56.7 billion last year, the highest since 1956 when the government began compiling the related data, according to the Ministry of Trade, Industry and Energy. The previous record of $36.6 billion was set in 2014. The import value of coal also reache...

Japanese carmaker to debut eight new EVs this year in Korea, seeking a turnaround after years of supply chain disruptions, diplomatic tensions

South Korean automaker Kia said Monday it will showcase its hydrogen fuel cell all-terrain vehicle concept car on the global stage for the first time at the International Defense Exhibition and Conference 2023 held in the United Arab Emirates' capital city Abu Dhabi this week. According to Kia, the future-fit hydrogen fuel cell ATV concept car is prepared to adapt to coming green policies and can...

S. Korean copper foil producer’s 5-year contract from 2024 enough for 1.7 million EVs

Hyundai Motor's electric vehicle Ioniq 5 has been named the Canadian Utility Vehicle of the Year, adding another accolade to the EV's long list of recognitions, the South Korean automaker announced Sunday. The EV received the World Car of the Year and scored top recognitions in Germany and the UK. According to Hyundai Motor, the Ioniq 5 also got the highest rating from the German automobile magaz...

The European Union has begun the final stage of an investigation on Korean Air Co.'s proposed integration with smaller local rival Asiana Airlines Inc. in order to decide whether to approve the deal. The European Commission said it has opened an in-depth investigation of the deal in a press release posted on its homepage Friday (Belgium time). It conducted the first-stage review of the deal bas...

Battery supplier SK On looking into problem with US automaker

LG Energy Solution said Wednesday it will improve reporting on climate-related risks in accordance with the Task Force on Climate Related Financial Disclosures, or TCFD, the first of its kind among battery makers here. TCFD is an international organization created by the Group of 20’s Financial Stability Board in 2015. It recommends companies to disclose information on governance, strategies, ri...

Hyundai Mobis, a car parts maker under Hyundai Motor Group, unveiled its investment strategies and shareholder return policies for 2023 on Tuesday. According to Hyundai Mobis, the company is to invest a total of 10 trillion won ($7.9 billion) over the next three years, mainly investing 5 trillion to 6 trillion won of cash to secure competitiveness in the electrification of automobiles and acquis...

South Korean battery makers, who have poured considerable resources in the all-important US market, might lose ground over Ford’s new partnership deal with Chinese battery giant CATL, industry sources said Tuesday. On Monday, Ford announced it plans to invest $3.5 billion to build an electric vehicle battery plant in Michigan using technology licensed from CATL, the world’s No. 1 EV battery make...