Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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Medical profs at top hospitals suspend surgeries, clinics
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Hopes rise for possible Gaza truce deal
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Hyundai, Baidu to jointly develop car navigation system
South Korea's top carmaker Hyundai Motor Co. said Wednesday it will work with Chinese technology giant Baidu, Inc. to develop a navigation system for its vehicles that will be sold in the world's biggest auto market. Hyundai and Baidu will jointly develop "Baidu MapAuto" and a voice recognition system called "Duer OS Auto" so the two systems can be incorporated in the carmaker's two new models to be launched in China later this year, the company said in a statement. In this photo taken on June 7
June 7, 2017
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Imported car sales fall in May on lower diesel model demand
Sales of imported vehicles in South Korea fell 0.5 percent last month from a year earlier on lower demand for diesel models, industry data showed Wednesday. The number of newly registered foreign cars fell to 19,380 in May from 19,470 a year earlier, the Korea Automobile Importers and Distributors Association said in a statement. (Yonhap)Sales of diesel-powered vehicles fell 19 percent to 9,952 units last month from 12,238 units a year earlier, it said. "South Korean customers bought fewer dies
June 7, 2017
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Kia's Soul boxcar ranked 3rd in Consumer Reports' best cars for senior drivers
Kia Motors Corp.'s Soul multipurpose car has ranked as the third best vehicle for seniors among 25 models checked, a US product evaluation publication said Wednesday.The Soul trailed Subaru's Forester and Outback in the Consumer Reports' "Top 25 New Cars for Senior Drivers," which were picked after an assessment of such senior-friendly features as front-seat access, visibility, control and headlights. A file photo of Kia's Soul EV multipurpose vehicle (Yonhap)"There is more to the boxy Soul than
June 7, 2017
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SUV battle is on this summer
Competition among local automakers in the SUV market here is expected to heighten this summer, as sport utility vehicles have become cash cows for automakers amid declining sales worldwide, industry experts said Tuesday.The first round of the battle between Kia Motors and SsangYong Motor was triggered by the release of SsangYong’s premium large-size SUV, the G4 Rexton, in April.G4 Rexton (Ssangyong Motor)At the launch event, SsangYong Motor said it would aim to lay claim over the local full-size
June 6, 2017
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Court rules against plaintiffs in damages suit against Volkswagen
A Seoul court has ruled against dozens of South Koreans who sued the local unit of German carmaker Volkswagen for infringing on their right to health by rigging emissions data, officials said Tuesday.The Seoul Central District Court said that there is not sufficient evidence to corroborate the plaintiffs' claim that the cars that Audi Volkswagen Korea imported here caused more air pollution affecting their health than other cars. This file photo, taken on Aug. 28, 2016, shows a car with the Volk
June 6, 2017
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Hyundai, Kia sells over 500,000 hybrid cars worldwide
Hyundai Motor and Kia Motors saw a boost in their sales of eco-friendly cars, with their combined sales reaching over 500,000 vehicles worldwide, the companies said Monday. An accumulated total of 514,759 hybrid cars, including plug-in hybrids, were sold from 2009, when Hyundai rolled out its first hybrid model, until last month, data from the company showed.A hybrid car runs on both a combustion engine and a battery electric drive system, emitting less pollutants than a conventional car. It ten
June 5, 2017
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Unit price of Korean cars goes up amid drop in export volume
The unit price of South Korean-made vehicles went up this year despite a drop in export volume, industry data showed Sunday.According to findings released by the Korea Automobile Manufacturers Association and local carmakers, outbound passenger vehicle shipments reached 829,852 units in the first four months of this year, down 1.4 percent compared to a year earlier.Exports of cars made by Kia Motors Corp. and Renault Samsung Motors Co. moved up, but numbers for Hyundai Motor Co., GM Korea Co. an
June 4, 2017
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Hyundai, Kia Motors suffer continued sales slump in May
Hyundai Motor Group headquarters in southern Seoul. (Yonhap)Sales of South Korea‘s leading automakers Hyundai Motor and Kia Motors continued on a downward spiral in the US in May.Hyundai Motor, the country’s leading automaker, sold a total of 60,011 units in the US last month, down 15.4 percent compared to a year earlier when it sold 71,006 units, the company said. “We will strengthen the company’s core competency and aim to roll out new models to overcome low growth,” it said in a press statem
June 2, 2017
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Hyundai Motor’s Grandeur Hybrid used as Al Gore’s official ride
Hyundai Motor’s hybrid version of its flagship Grandeur full-size premium sedan as well as its Ioniq electric vehicles were used as official cars during former US Vice President-turned-environmental activist Al Gore’s visit to South Korea, the company said Friday.The hybrid version of Hyundai Motor’s flagship Grandeur sedan. (Hyundai Motor Group)The Grandeur Hybrid was used as Gore’s official car during his daylong stay, while related officials rode the Ioniq EV at Al Gore’s request for an eco-f
June 2, 2017
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Demand for performance cars rises in Korea
Sales of high-performance vehicles are on the rise in South Korea amid growing demand by consumers who want more from the cars they drive every day, industry sources said Friday. The number of performance cars sold here fell far behind sales of mass-market models but it has steadily increased in the Korean market. In this updated captured image from Yonhap News TV, Hyundai`s i30N high-performance car runs the 2017 24 Hours Nurburgring, an endurance race held in Germany last weekend. (Yonhap)Mer
June 2, 2017
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Five S. Korea vehicles awarded top safety marks in US crash test
Five car models made by South Korea's Hyundai Motor Co. and its sister company Kia Motors Corp. have been named the safest cars in a US crash test, the companies said. In a test conducted by the Insurance Institute for Highway Safety to determine the safety of vehicles in crashes, Hyundai's Santa Fe sport-utility vehicle and independent brand Genesis G80 and G90 sedans, as well as Kia's Optima (or K5) and Cadenza (or K7) sedans earned the highest rating - the 2017 Top Safety Pick+. Kia's Optim
June 2, 2017
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Korea's five carmakers' sales fall 13% on weak demand
South Korea's five carmakers said Thursday their combined sales fell 13 percent last month from a year earlier on weak overseas vehicle demand. The five automakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. -- sold a total of 663,048 vehicles in May, down from 761,233 units a year earlier, according to data released by the companies. (Yonhap)Their overseas sales plunged 14 percent to 527,605 units last month from the previous year'
June 1, 2017
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Hyundai's May sales sink 14% on weak overseas demand
Hyundai Motor Co. said Thursday its sales fell 14 percent last month from a year earlier due to weaker overseas demand. The country's biggest carmaker by sales sold a total of 367,969 vehicles in May, down from 429,084 units a year earlier, the company said in a statement. (Yonhap)Domestic sales dipped 0.4 percent year-over-year to 60,607 vehicles in May from 60,827 units a year earlier. Overseas sales plunged 17 percent to 307,362 from 368,257 during the same period, it said. As the low-growth
June 1, 2017
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Renault Samsung May sales fall 15% on lower demand
Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Thursday its May sales fell 15 percent last month from a year earlier on weak consumer demand. Renault Samsung sold a total of 20,517 vehicles in May, down from 24,113 units a year earlier, due to slowing demand for its SM3 compact and SM6 flagship sedan, the company said in a statement. (Yonhap)Domestic sales declined 16 percent year-over-year to 9,222 units from 8,702 units a year earlier. Exports also s
June 1, 2017
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Kia's May sales dip 9.8% on lower demand
Kia Motors Corp. said Thursday its vehicle sales fell 9.8 percent last month from a year earlier on lower demand at home and overseas. The country's second-biggest carmaker by sales sold a total of 219,128 vehicles in May, down from 242,847 units a year earlier, the company said in a statement. (Yonhap)"Compared to the same period of last year, the lack of tax benefits and new models drove down the sales results in May," the company said in a statement. Domestic sales fell 8.6 percent on-year t
June 1, 2017
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Hyundai Steel to raise steel plate price
Hyundai Steel has reached an agreement with Hyundai Motor and Kia Motors, the country’s top two automotive companies, to raise the price of steel plates, which is widely expected to increase the steelmaker’s annual sales, an industry report said Thursday. The price of automotive steel sheets supplied by the country’s No. 2 steelmaker to the two car companies will be hiked 60,000 won ($53.40) per ton, according to local news and analyst reports. (Yonhap)A spokesperson of Hyundai Steel said it was
June 1, 2017
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European automakers to recall 2,000 units
South Korea’s Transport Ministry on Thursday ordered Mercedes-Benz Korea, Porsche Korea, BMW Korea and Ducati to recall a combined total of 2,014 units across 15 models.The recall ordered for Mercedes-Benz Korea, the local importer and distributor of the German luxury, affects 1,071 cars across 11 models, according to the Ministry of Land, Infrastructure and Transport. (Yonhap)The ministry said it found malfunctioning airbags installed in a total of 1,069 Mercedes-Benz vehicles across nine model
June 1, 2017
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SsangYong's May sales dip 7% on lower demand
SsangYong Motor Co. said Thursday its May sales fell 7 percent last month from a year earlier due to slowing overseas demand. The South Korean unit of Indian carmaker Mahindra & Mahindra Ltd. sold a total of 12,349 vehicles in May, down from 13,282 units a year earlier, SsangYong Motor said in a statement. (Yonhap)Domestic sales rose 11 percent to 10,238 units last month from 9,191 units a year earlier. But exports plunged 48 percent to 2,111 autos from 4,091 during the same period, the stateme
June 1, 2017
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GM Korea May sales down 17% on weak local demand
GM Korea Co., the South Korean unit of General Motors Co., said Thursday its May sales fell 17 percent from a year earlier due to weak domestic demand. GM Korea sold 43,085 vehicles in May, down from 51,907 units tallied a year earlier, the company said in a statement. (Yonhap)Exports fell 10 percent to 31,231 from 34,728. Domestic sales also plunged 31 percent to 11,854 units from 17,179 during the same period, it said. The sales downturn was affected by the sharp decline in local demand for t
June 1, 2017
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Korea’s automobile production falling at fastest pace
The number of cars manufactured in South Korea fell at the fastest pace among the top 10 carmaking nations in the first quarter, data showed Wednesday. According to the Korea Automobile Manufacturers Association, the country produced close to 1.05 million vehicles in the first three months of this year, a 2.8 percent decrease from a year ago. The percentage of production decline was the lowest among the world’s 10 car manufacturing countries. Of the top 10, only three countries saw a decline in
May 31, 2017