Most Popular
-
1
Iran’s president found dead at helicopter crash site
-
2
Seoul rolls out W250b package in bid to lure foreign talent
-
3
Yoon vetoes bill for special probe into young Marine's death
-
4
N. Korea slams US subcritical nuclear test, vows measures to bolster nuclear deterrence
-
5
Korea's increasing US investment mutually beneficial: report
-
6
SNU alums nabbed for digital sex crimes
-
7
South Korea bans viral North Korea propaganda video praising Kim
-
8
Minister warns against trusting NK stated intentions, says Moon misguided
-
9
AI Seoul Summit to discuss ways to make AI equitable in Global South
-
10
Hermes celebrates craftsmanship
-
Renault Samsung launches upgraded SM5 sedan without price hikes
Renault Samsung Motors Corp. has launched an upgraded SM5 sedan but didn't raise the price in order to boost sales, the company said Monday.The SM5 midsize sedan powered by a 2.0-liter gasoline engine has been a long-running best seller for the South Korean unit of French carmaker Renault S.A. in the past 20 years. The SM5 is priced at 22 million won ($19,500) in the domestic market. Renault Samsung Motor`s upgraded SM5 sedan (Photo courtesy of Renault Samsung) (Yonhap)Last week, Renault Samsun
Sept. 11, 2017
-
Genesis G70's advanced safety features highlighted ahead of launch
Hyundai Motor Co. unveiled an advanced safety feature Monday that will be incorporated in its upcoming luxury G70 model ahead of the sedan's planned launch in South Korea this week.The car, part of the Genesis sub-brand, is a midsize sedan that will go on sale in its home market Friday. It will be exported to Europe this year and the United States next year.The G70 can detect a bicycle in front of it and automatically bring the vehicle to a halt if the driver fails to brake, the carmaker said in
Sept. 11, 2017
-
LG to show auto-parts tech at motor show in Germany
South Korean firm LG Electronics Inc. said Monday that it would showcase its advanced auto-parts related technology at a motor show to be held in Germany this week.LG Electronics said it would show key auto parts to global automakers during the 2017 Frankfurt Motor Show to be held from Sept. 14 to 17.Since its first participation in the 2014 Beijing Motor Show, LG Electronics has been rolling out crucial auto parts at international motor shows.LG Electronics plans to showcase its AV navigation s
Sept. 11, 2017
-
Hyundai, Kia to promote subcompact SUVs in Frankfurt
Hyundai Motor Co. and its sister company Kia Motors Corp., South Korea's two biggest carmakers, said Sunday they will promote its subcompact crossovers in the 2017 Frankfurt Motor Show amid growing demand for SUVs in the global market.In the motor show, to be held in the German city from Sept. 14-24, Hyundai Motor and Kia Motors said they plan to lure European customers with the Kona and the Stonic subcompact SUVs, respectively. Hyundai unveiled the Kona to foreign media as well in a June event
Sept. 10, 2017
-
Hyundai set to miss 2017 sales target amid THAAD woes
Hyundai Motor Co. and its sister company Kia Motors Corp. are set to miss this year's sales target as diplomatic rows with China deepen, company officials said Sunday. In the January-July period, Hyundai Motor and Kia Motors, two key affiliates of South Korea's Hyundai Motor Group, posted a 46 percent on-year slump in sale with total being bought by customers in China standing at 500,964 vehicles from 919,380 units a year earlier. The slump came as Chinese consumers opted to buy fewer South Kore
Sept. 10, 2017
-
Beijing Hyundai resumes operation of Changzhou plant, but woes persist
Beijing Hyundai Motor's plant in Changzhou, eastern China. (Hyundai Motor Group)Beijing Hyundai Motor, a 50-50 joint venture between Hyundai Motor and Chinese state-owned BAIC Motor, resumed production at Changzhou plant in eastern China on Friday, after a three-day long suspension due to delayed payments to an auto parts supplier.Operations there halted earlier this week when a German-based air filter supplier refused to deliver air intake systems due to unpaid bills.“We are currently in talks
Sept. 8, 2017
-
Hankook Tire to supply high functioning tires for Audi RS5
Hankook Tire, the nation’s largest tiremaker, will supply its ultra-high-functioning tire Ventus S1 evo2 for Audi’s new RS5 Coupe model, the company said Thursday. The product will be supplied as original equipment tire to German luxury carmaker, it added.It is the second high-spec Audi model to equip Hankook Tire’s Ventus S1 evo2. Hankook Tire has already been supplying the product for the Audi TT. (Yonhap)Winning recognition from the Deutsche Tourenwagen Meisterschaft, a touring car racing ser
Sept. 7, 2017
-
Ford, Mitsubishi, BMW to recall 1,278 vehicles
Ford Motor Company, Mitsubishi Motors Corporation and BMW will recall faulty parts in more than 1,000 vehicles sold in South Korea, the transport ministry said Thursday.Ford will recall 626 Lincoln MKZs and eight Fusion sedans manufactured in 2013 to replace faulty door latches. Mitsubishi issued a recall for 606 Outlander SUVs made between 2008 and 2012 due to a potential problem with the front windscreen wiper system. The carmaker has identified a weakness with the electric wiper motor, which
Sept. 7, 2017
-
LG Group rules out producing its own electric cars
LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday."We are not even considering manufacturing a complete vehicle," an LG Group official stressed.Industry watchers have been speculating that LG Group may jump into car production as its affiliates recently expanded investment in the vehicle components businesses. (Korea Herald DB)Last month, LG Electronics Inc. s
Sept. 7, 2017
-
GM Korea steps up moves to quell rumors of withdrawal from Korea
Clay models of GM vehicles and the interior made using 3-D augmented reality technology at the Design Center in Bupyeong, Gyeonggi Province (GM Korea)BUPYEONG, Incheon -- Stepping up efforts to quell unrelenting rumors of its potential pullout from South Korea, GM Korea on Wednesday arranged a press tour of its design center, with the newly appointed CEO emphasizing the importance of the market here.“Firstly, I have heard the many rumors of media regarding our operation in GM Korea. I can assure
Sept. 6, 2017
-
Hyundai signs on with Israeli tech institute on self-driving, AI
Hyundai Motor has signed a memorandum of understanding with Technion, an Israeli institute of technology, to jointly develop artificial intelligence and technologies for autonomous driving, the company said Thursday.The joint project also includes a plan to support budding enterprises in Israel and use their ideas to devise new market platform aimed at realizing innovative mobility. South Korea’s Korea Advanced Institute of Science and Technology also joins the project, the company said. Officia
Sept. 6, 2017
-
Imported car sales jump 10% in August on German, Japanese models
Sales of imported vehicles in South Korea jumped 10 percent last month compared to a year earlier on robust demand for German and Japanese vehicles, industry data showed Wednesday. The number of newly registered foreign vehicles rose to 17,547 in August from 15,932 a year earlier, the Korea Automobile Importers and Distributors Association said in a statement. The three best-selling models were the BMW 520d, Lexus ES300h and Mercedes-Benz E 220d 4MATIC sedans, the statement said. BMW`s 10 milli
Sept. 6, 2017
-
Mercedes-Benz unveils new S-Class models in Korea
Mercedes-Benz Korea released the New S-Class sedans in Seoul on Monday, starting with diesel-powered models.For two months, the German luxury carmaker‘s local sales unit will be selling eight models, including the Mercedes-AMG S 63 4Matic and Mercedes-Maybach, the company said. S-Class Coupe and S-Class Cabriolet models will be introduced next year, it added. The New Mercedes-Benz S-Class (left) and New Mercedes-Maybach S-Class (right) (Mercedes-Benz Korea)“Different engines will come not all t
Sept. 5, 2017
-
Hyundai turns to Europe to pick up lagging business
Hyundai Motor Group Vice Chairman Chung Eui-sun delivers a presentation at the world premiere of the Kona, Hyundai Motor’s first small SUV, at the company’s studio in Goyang, Gyeonggi Province, in July. (Hyundai Motor Group)Hyundai Motor Group Vice Chairman Chung Eui-sun started a four-day business trip in Europe, seeking to expand the company’s presence there through its to-be-launched fuel cell electric vehicles, compact SUVs and luxury cars, the company said Tuesday.The first destination of C
Sept. 5, 2017
-
Hyundai unveils localized truck in Moscow
South Korea's leading automaker Hyundai Motors Co. said Tuesday it has unveiled a light truck designed for the local market at a Russian commercial car exhibition.Hyundai will promote the HD36L, a 2.5-liter diesel-powered light truck, at the 2017 Comtrans Commercial Vehicles Auto Show set to run this week in Moscow. The truck is based on the Mighty truck, which is available in South Korea, the company said in a statement. This photo provided by Hyundai Motor shows its HD36L light truck in Mosco
Sept. 5, 2017
-
Hyundai plant operations in China suspended due to payment problems
A Hyundai Motor Co.'s plant in China was forced to suspend operations Tuesday as a German company refused to supply auto components due to payment problems, the South Korean carmaker said.Hyundai's plant in Cangzhou, Hebei District, was brought to a halt as the supplier has stopped delivering air intake components due to delayed payments, a company spokesman said over the phone."We are in talks with the German partner so work can resume at the No. 4 plant (in China)," he said without elaborating
Sept. 5, 2017
-
GM Korea workers to stage partial strike
Workers at GM Korea Co. will stage a partial strike Tuesday to demand higher wages as the company has not offered any satisfactory terms in this year's wage talks, the union said.GM Korea union said its day-shift workers in the company's plant in Bupyeong, about 30 kilometers west of Seoul, will carry out a four-hour strike and night-shift workers will also walkout for four hours. "The planned strikes are a normal part of wage negotiations," union spokesman Dang Sung-geun said by phone. (Yonhap
Sept. 5, 2017
-
Korean automakers’ sales retreat in Chile
South Korean carmakers posted weaker sales in the Chilean car market in the first half of this year, according to data compiled by a local automotive association.Hyundai Motor, which had topped the market with sales of 31,398 units in 2016, gave away the top spot to Chevrolet during the January-July period this year, according to the National Automotive Association of Chile on Monday.During the seven-month period, Hyundai Motor held 9.1 percent market share with sales of 17,276 small and midsize
Sept. 4, 2017
-
Genesis G70 to debut in US early next year
Teaser image of Genesis G70 (Hyundai Motor Group)[THE INVESTOR] Hyundai Motor gave media a peek at its luxury marque Genesis’ all-new sports sedan G70, with plans to release the car in the US early next year. “We are planning to launch Genesis G70 in the North American market sometime early next year,” said Hwang Chung-yul, senior vice president at the Genesis Project Management Center, at a media preview held in Seoul on Sept. 1. “We will gradually roll out the car in other regions.” Prior to G
Sept. 3, 2017
-
[News Analysis] What’s causing the decline of Korea’s auto industry?
Park Han-woo, president of Kia Motors, the sister company of South Korea’s largest carmaker Hyundai Motor, called the current situation faced by the auto industry here “worse than a crisis.”Speaking at a forum held by the Korea Automobile Manufacturers Association on Aug. 21, Park said, “The situation seems to be more difficult than when we were suffering from the Asian financial crisis.” He was referring to the late 1990s when the East Asian miracle became a financial nightmare. Major concerns
Sept. 3, 2017