Most Popular
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[Weekender] Geeks have never been so chic in Korea
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
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S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
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[Herald Interview] Byun Yo-han's 'unlikable' character is result of calculated acting
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US military commander in S. Korea during Gwangju uprising dies
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[Photo News] Seoul seeks 'best sleeper'
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US expert says N. Korea might ignore Trump if he returns to White House
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Yoon vows to advance freedom, welfare to uphold spirit of 1980 pro-democracy uprising
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Dispute-free SsangYong Motor to aim overseas with new SUVs
Upon reaching a much-awaited consensus to reinstate remaining dismissed workers, SsangYong Motor, the local unit of Indian car maker Mahindra & Mahindra, vowed to make forays into overseas markets with three new models to be released next year, the company said Sunday.The carmaker’s management, labor union and the Korea Metal Workers’ Union agreed last week to reinstate 119 dismissed assembly workers who had been let go in 2009 when then-largest shareholder China’s state-run automaker SAIC Motor
Sept. 16, 2018
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Hyundai heir promoted to oversee group
Hyundai Motor Group Chairman Chung Mong-koo promoted his son Chung Eui-sun to executive vice chairman, a new position created to assist his father, the company said Friday.The heir to the world’s fifth-largest carmaker has worked as the vice chairman of Hyundai Motor Corp. so far. The promotion will give him authority to oversee the entire operation of the Hyundai Motor Group, of which Hyundai Motor Corp., is a part. Hyundai Motor Group Executive Vice Chairman Chung Eui-sun (Yonhap)According to
Sept. 14, 2018
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Labor questions GM’s HR decision
After a brief compromise, unionized laborers of GM Korea said they oppose the company’s decision to relocate an executive previously in charge of laying off workers at its Gunsan factory that shut down in May to its headquarters.GM Korea has named Lee Dong-woo, senior vice president who headed overall operations of the Gunsan factory, as the head of the Bupyeong manufacturing site. The unionized workers claimed that Lee had pressured workers to retire voluntarily by telling them that they would
Sept. 13, 2018
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Business chiefs: Hydrogen can power digital innovation
Hydrogen can speed up the evolution of digital technologies and is a reliable source of energy that can tackle climate change, said CEOs from global companies that gathered for an annual forum on the alternative energy on Thursday.“Together, we can deliver concrete solutions while ensuring a sustainable future. We believe hydrogen is key to power the digital revolution,” said Benoit Potier, CEO and chairman of Air Liquide and co-chair of the Hydrogen Council.Hyundai Motor Vice Chairman Yang Woon
Sept. 13, 2018
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GM Korea reaffirms need to set up R&D entity
Tension at GM Korea has escalated following state-run Korea Development Bank’s announcement that it filed a preliminary injunction last week against the company’s move to split the research and development center from the local unit as a separate corporate body.In response, GM Korea on Wednesday reaffirmed that the separation would boost efficiency and capacity of workers and management in R&D.It also downplayed the labor union’s claim that GM was laying the groundwork to pull out of Korea by es
Sept. 12, 2018
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[Hydrogen Korea] ‘Hydrogen technology could save ailing shipbuilders’
The Korea Herald is publishing a series of articles on South Korea’s latest measures, hurdles and the market drive for hydrogen economy. This is the fourth installment. -- Ed.Hydrogen technology, which aims to replace the use of fossil fuels, would not only benefits carmakers, but also other traditional industrial players such as shipbuilders, the head of H2Korea said in a recent interview with The Korea Herald.“The market perception that the government’s push for hydrogen technology is only for
Sept. 12, 2018
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Hyundai, Kia become third-largest SUV makers in H1
Hyundai Motor and its sister company Kia Motors were the third-largest sport utility vehicle makers in the first half of the year, a survey showed Wednesday.According to the UK market research firm Jato Dynamics, combined SUV sales by the two companies accounted for 8.2 percent of total global sales of SUVs, a 1.2 percentage point increase from 7 percent in the same period last year. Facelifted Tucson unveiled in Aug seen during a test drive. (Hyundai Motor)About 15 million SUV units were sold i
Sept. 12, 2018
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Hyundai expands investment in new batteries, mobility services
Hyundai Motor is investing in foreign startups in the US that develop solid-state batteries and mobility services, as part of its investment in future technologies, according to news reports.The South Korean carmaker was among a list of investors in the Series A funding round arranged by Solid Power, a Colorado-based solid-state battery cells maker, according to Bloomberg on Tuesday. The list of investors for the $20 million financing round also included the venture capital unit of Samsung Elect
Sept. 11, 2018
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[Newsmaker] The war is on: Elliott reveals letters to Hyundai in apparent resumption of push for change
Elliott Advisors, the Hong Kong arm of Elliott Management, on Friday afternoon released letters it had sent a month earlier to directors of Hyundai Mobis, Hyundai Motor Company and Kia Motors. The recent move is a response to news reports full of speculation that the US hedge fund leaked excerpts of its letters to the media.“Because portions of these letters were selectively provided to the press and others, Elliott has decided to make the full contents of the letters publicly available in the i
Sept. 7, 2018
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Hyundai Motor Vice Chairman vows to lead India’s smart mobility revolution
Hyundai Motor Vice Chairman Chung Eui-sun vowed on Friday to transform the automotive group in response to changes in the auto industry so that it can take the lead in India’s smart mobility revolution.Speaking in New Delhi at the first Global Mobility Summit, called MOVE and organized by the Indian government, Chung detailed the three-point strategy that Hyundai would pursue in order to reach its goal in the world’s fourth-largest electric vehicle market, where it now ranks No. 2 in sales after
Sept. 7, 2018
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Hyundai unveils facelifted Avante, aims to sell 120,000
Hyundai Motor unveiled an upgraded version of the sixth-generation Avante on Thursday, targeting young drivers looking for their first cars. The carmaker has set a sales target of 120,000 units by next year. The new compact car underwent a drastic change in its design with arrow-like triangular elements on the front and wheels.“The car will become a new standard in the global midsized sedan market, with a near-full design change, state-of-the-art safety features, enhanced performance and fuel ef
Sept. 6, 2018
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Korea to slap penalties on defect coverups by carmakers
The South Korean government said Thursday it will impose penalties on carmakers that cover up manufacturing defects and fine them for delayed recalls.The move comes in the middle of BMW Korea's recall of 106,317 vehicles in South Korea to fix a faulty part following dozens of engine fires in its cars so far this year. (Yonhap)"A series of fires in BMW vehicles has fueled safety concerns among local consumers. The government has come up with strengthened measures to keep carmakers from delaying r
Sept. 6, 2018
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Hyundai, Kia see US sales rise in August
Hyundai Motor and Kia Motors sold a combined 111,406 units in the United States last month, up roughly 3.5 percent on-year on the back of strong sales of sport utility vehicles in the overall US auto market, the company said Wednesday.Of the total, Hyundai’s luxury sedan brand Genesis accounted for 613 units.By carmaker, Hyundai Motor sold 57,542 units last month, up 6 percent, the company said. The Avante compact car was the No. 1 seller with 14,502 units, followed by the midsize SUV Tucson wit
Sept. 5, 2018
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Audi tests A8 partial automation capabilities here
Audi Korea began test running its partially self-driving car at the country’s test bed for automated vehicles in Gyeonggi Province, the company said Wednesday, becoming the first import carmaker to test out its self-driving technology here.Since receiving authorization to test out its driverless Audi A8 flagship car this March from the Ministry of Land, Infrastructure and Transport, experts from German headquarters flew in last month and held a pre-test run at K-City, Korea’s test bed for self-d
Sept. 5, 2018
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Korea’s autonomous shuttle begins test run
South Korea’s first-ever driverless vehicle to be developed by a municipality -- dubbed Zero Shuttle -- began a test drive Tuesday at the second Pangyo Techno Valley in Seongnam, Gyeonggi Province.Two of the level-four autonomous 11-seaters will run between the entrance of the second Pangyo Techno Valley and the Pangyo subway station, a distance of about 5.5 kilometers. The vans will travel at 25 kilometers per hour. There are five levels of autonomy among self-driving vehicles, with a level-fiv
Sept. 4, 2018
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Iveco releases New Daily Euro 6 here
Iveco, an Italy-based industrial vehicle manufacturer, unveiled the New Daily Euro 6 in South Korea with the aim of boosting its sales in the mid-to large-sized commercial vehicle segment, the company said Tuesday. “Based on Iveco’s revolutionary technology, fuel efficiency has been maximized, while fuel consumption and emissions have been lowered, ultimately minimizing environmental effects and providing outstanding performance,” said Choi Jeong-sik, country manager of CNH Industrial Korea, whi
Sept. 4, 2018
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[Behind the Wheel] 2018 Jeep Wrangler traverses rough terrain
PYEONGCHANG, Gangwon Province -- As Fiat Chrysler Korea eyes to make the most of South Korea’s growing sport utility vehicle market and boom in leisure activities, the sixth-generation JL Wrangler was launched here last month amid high expectations from the carmaker and local off-road adventurers.The fully changed Wrangler is back in the market 11 years after the mega-hit fifth-generation Wrangler was launched in 2007. It boasts upgraded off-road driving performance, convenient driving functions
Sept. 2, 2018
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Korea to carry out intensive tests on fire-prone BMW cars
South Korean automobile experts plan to carry out a wide range of tests on three BMW 520d sedans by December to try to determine the exact cause of fires that have destroyed dozens of cars here.The Korea Automobile Testing and Research Institute said Friday it will find out the circumstances behind the incidents and reconstruct how the fires started at its facility in Hwaseong, southwest of Seoul. (Yonhap)The institute, which is controlled by the South Korean government, said it will also check
Aug. 31, 2018
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Another BMW car catches fire in Korea
A BMW vehicle caught fire in South Korea on Thursday amid a series of similar cases that have led the German carmaker to start a massive recall in the country. Local authorities said a BMW 750Li automobile caught fire at 3:58 p.m. in Daejeon, 160 kilometers south of Seoul, as it was being driven. The 2010 automobile, which runs on gasoline, was not on the list of cars recalled by the German carmaker. The fire was extinguished within 20 minutes and no causalities were reported, as the driver esca
Aug. 30, 2018
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Amid BMW engine fire turmoil, police raid BMW Korea office
A team of 30 investigators from the Seoul Metropolitan Police Agency searched the BMW Korea office in central Seoul to seize documents related to exhaust gas recirculation, the defective part BMW cited as the reason behind its vehicles catching fire, according to police Thursday.This is the first time police have searched BMW Korea’s office. It has been investigating whether BMW intentionally hid the defect, upon criminal investigation sought by 41 BMW owners earlier this month against BMW offic
Aug. 30, 2018