Most Popular
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Korean industries gauge impact of Biden's steep tariffs on China
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Do Korean doctors make too much money?
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Coupang's Kim Bom escapes chaebol chief designation again
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Debate on 'no-seniors zones' heats up
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Court refuses injunction on medical school expansion
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CIO chief nominee to explain allegations at confirmation hearing
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Total value of import cars drop 11% in 2017: KITA
Total value of imported vehicles dropped 10.9 percent in the first five months of this year mainly due to weak demand for diesel cars, local trade data showed Sunday.According to the Korea International Trade Association, Asia's fourth-largest economy imported $3.89 billion worth of foreign passenger and commercial vehicles by the end of May. Sales of luxury German carmakers Mercedes-Benz, BMW and certain commercial vehicles increased compared to last year, but the drop in numbers for diesel car
June 25, 2017
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Kia Motors tops US quality test for 2nd year
Kia Motors Corp., South Korea's second-largest carmaker, has ranked highest among global brands in a US quality test for the second consecutive year, a US market tracker has said."Kia ranks highest in overall initial quality for a second consecutive year with a score of 72 PP100," J.D. Power and Associates, a US-based marketing information service company, said in its 2017 US Initial Quality Study released Wednesday.The study measures the number of problems experienced per 100 vehicles during th
June 22, 2017
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BMW to sell 10 millionth 520d in Korea auction
BMW said Wednesday it will sell its 10 millionth 5 series model through an auction in South Korea later this month. It is the first time for an imported carmaker to sell their limited editions in an auction here. In January, BMW decided to allocate the 10 millionth new 5 series diesel model to South Korea, the fifth-biggest market for the German carmaker, BMW Korea said in a statement. BMW`s 10 millionth 520d sedan (Photo courtesy of BMW) (Yonhap)An auction slated on June 28 will find the owner
June 21, 2017
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Kia Motors unveils small SUV Stonic in Europe
Kia Motors’ small SUV Stonic is unveiled in Amsterdam, the Netherlands. Hyundai Motor GroupKia Motors, South Korea’s No. 2 automotive company, has unveiled the small sport utility vehicle Stonic in Europe, the company said Wednesday.“In Europe 1 in 10 vehicles sold will be SUVs in the B-segment, which the Stonic is part of, by 2020,” said Michael Cole, the chief operating officer of Kia Motors Europe, at a media preview in Amsterdam.“The new SUV Stonic was created on Kia Motors’ quality, design
June 21, 2017
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Tesla Korea begins deliveries of Model S 90D
Tesla Korea, a wholly-owned unit of the US-based electric car giant, on Tuesday started deliveries of its flagship Model S 90D cars, the company said.Owners of Tesla cars are now able to use autopilot, which consists of an advanced emergency braking system and a forward collision warning system, the company said.LTE network service for drivers is offered for free, replacing the 3G network it previously offered, the company said.In line with the deliveries, Tesla Korea has secured four high-speed
June 21, 2017
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Foreign carmakers seek bigger market portion with new models in H2
Riding on the sales momentum of imported cars in South Korea, foreign auto brands are planning to release new models in the second half of this year and to improve after-sales service.Imported cars have increasingly expanded their presence here, recording a boost in sales in the first five month of this year, industry data showed. A total of 94,367 units of imported cars were sold, marking a 1.2 percent year-on-year growth between January and May, according to data compiled by the Korea Automobi
June 21, 2017
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[Monitor] Fruit price hit highest in 4 years
The price of major fruits sold in South Korea has hit the highest level in four years last month, data showed Tuesday. According to the data compiled by Statistics Korea, the price index of 15 major fruits including apples, pears, grapes, strawberries and tangerines, surged to 118.15 in May, the highest since May 2013, when the figure stood at 118.18.
June 20, 2017
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Hyundai begins production of Kona SUV
ULSAN, South Korea (Yonhap) -- Hyundai Motor Co. said Tuesday that it has begun production of its all-new subcompact Kona SUV, a move to bolster its lackluster sales in global markets.The country's biggest carmaker by sales said production began on Monday at its plants in Ulsan, 414 kilometers southeast of Seoul, less than a week after the official unveiling. It aims to sell 26,000 units domestically and export 41,000 units this year. Hyundai has added the subcompact SUV to its lineup to take a
June 20, 2017
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Hyundai Ioniq EV sales on rise in US
The demand for Hyundai Motor Co.'s all-electric Ioniq is steadily rising in the United States following its launch in March, industry sales data showed Tuesday. Hyundai Motor sold only 75 pure-electric Ioniqs in the world's most important market in May. But they jumped from five in March and 19 in April, numbers by US car sales provider hybridcars.com said.The sales figure accounted for 0.93 percent of the US all-electric car market last month when the Tesla Model X and Model S ranked first and
June 20, 2017
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Hyundai to unveil GV80 concept version in Korea
Hyundai Motor Co. said Monday it will hold a three-week-long showcase event to unveil its luxury fuel cell concept sport utility vehicle, the GV80, in South Korea.In the showcase that will last through July 9 at its Genesis Studio in Hanam, just east of Seoul, visitors will be able to take a look at the GV80 SUV which is powered by electricity and a hydrogen fuel cell and experience the emissions-free vehicle, a Hyundai spokesman said. Hyundai Motor`s luxury GV80 concept SUV (Hyundai Motor/Yonh
June 19, 2017
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Hyundai Motor faces class action lawsuit in US over steering defect
Hyundai Motor America, the US affiliate of South Korea’s No.1 automaker, has been sued by two owners of Hyundai vehicles in the US over a defective steering system posing major safety risks, according to local reports Monday.Law 360, a US-based legal news service, reported a class action lawsuit has been filed against the automotive company in the US District Court for the Central District of California for concealing the faulty steering system installed in Hyundai’s subcompact car Accent and be
June 19, 2017
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[Monitor] Auto sales in China
‘Korean carmakers’ plummeting sales in China possibly due to lack of competitiveness, not THAAD’ The lack of competitiveness of Korean carmakers may be the cause of their plummeting sales in China, not the diplomatic row over Seoul’s decision to deploy an US anti-missile system here, a study showed Sunday.According to the Korea Institute for Industrial Economics and Trade, Korean carmakers saw their sales in the world’s largest auto market plunging 65.1 percent on-year both in April and May, mor
June 18, 2017
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[Behind the Wheel] SsangYong’s G4 Rexton stronger, lighter, smarter
SsangYong Motor, the South Korean unit of Indian automaker Mahindra & Mahindra, has unveiled a stronger, tougher and lighter full-size SUV, dubbed the G4 Rexton.Members of the media had the opportunity to take the top heritage trim of the model out for a 124-kilometer test drive from the MVL Hotel in Goyang, Gyeonggi Province to Yeoncheon, Gyeonggi Province.Before the test drive, SsangYong Motor highlighted on the new quad-frame car body applied to boost safety and lighten the vehicle.SsangYong
June 18, 2017
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Hyundai, Kia Motors host R&D event with partners
Hyundai Motor and Kia Motors on Wednesday held an event to recognize their partner companies, an annual program that they hope will boost research and development efforts, the companies said Wednesday. “We must accelerate the creation of high quality products and technologies to survive in the highly competitive future car development,” Yang Woong-chul, vice chairman of the R&D center for Hyundai and Kia Motors, said at the 2017 R&D Tech Day held in Hwaseong, Gyeonggi Province. The event has bee
June 14, 2017
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Hyundai Motor to provide 110 cars for AIIB meeting
South Korea's top automaker Hyundai Motor Co. said Wednesday that it will help the upcoming annual conference of the Asian Infrastructure Investment Bank by providing 110 transport vehicles.The second annual meeting of AIIB's board of governors is slated to be held on the country's southern resort island of Jeju from Friday to Sunday under the theme of "sustainable infrastructure," bringing together some 2,000 officials and businessmen from 77 countries, including finance ministers and central b
June 14, 2017
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Automakers poised to wage war over small SUVs
Automakers in South Korea are expected to vie fiercely for a bigger slice of the market for subcompact sport utility vehicles following Hyundai Motor Co.'s entry into the fast-growing segment, analysts said Wednesday.In an extravagant rollout in Seoul, South Korea's leading automaker Hyundai unveiled its first subcompact SUV Kona in an effort to bolster its SUV lineup amid growing demand for recreational vehicles. Hyundai's move comes amid surging sales of subcompact SUVs in the country, led by
June 14, 2017
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Hyundai’s new Kona to fuel small SUV boom
Hyundai Motor, South Korea’s No. 1 automotive company, on Tuesday held a world premiere of its first-ever small sports utility vehicle Kona, fueling further competition among automakers amid a worldwide boom in B-segment SUVs.“Hyundai Motor tried to create a value unique to the Kona that encompasses optimal technology and passion (based) on thorough market research, rather than rushing into the market,” said Chung Eui-sun, vice chairman of Hyundai Motor Group, at the world premiere event held at
June 13, 2017
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Hyundai, Kia to carry out recall of 238,321 units
Hyundai Motor and Kia Motors, South Korea’s top two automotive companies, will carry out recalls of 238,321 cars across 12 models, the government said Monday.The automakers submitted their recall plans to the ministry last week and shared the plans to carry out the recalls.The automakers‘ latest action came after the forced recall order from the Ministry of Land, Infrastructure and Transport last month due to five cases of defects being found. (Yonhap)The concerned models are: Hyundai’s luxury G
June 12, 2017
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GM Korea adds Trax SUV to boost sales
GM Korea Co. on Monday added upgraded versions of the compact Trax sport-utility vehicle to its lineup to boost lackluster sales here.The South Korean unit of General Motors Co. has begun to take preorders of the 1.4-liter gasoline turbo-engine Trax SUV with a six-speed manual gearbox and the 1.6-liter diesel-powered model, GM Korea said in a statement. (GM Korea)The manual-based model has been added to offer the "fun of driving" to its customers who prefer recreational vehicles, the company sa
June 12, 2017
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[Behind the Wheel] Tesla Model S : Is tech becoming new luxury?
When looking at the Tesla Model S displayed at its flagship store in Seoul’s posh district of Cheongdam-dong, it feels like you are being offered a glimpse of the future. A Tesla Model S is being charged through a Supercharger installed at the underground floor of Grand InterContinental Hotel in Samsung-dong, southern Seoul. A 30-minute charge allows approximately 270 kilometers of driving. (Yonhap)Its door handles pop out automatically as if the vehicle had been waiting for you to drive it. The
June 11, 2017