Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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[Weekender] Korean psyche untangled: Musok
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40 flights canceled on Jeju Island due to bad weather
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Defense chiefs of US, Australia, Japan decry NK-Russia military cooperation
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Hyundai Motor's March sales dip 6.3% on weak exports
Hyundai Motor Co., the country's top automaker, posted a 6.3 percent on-year decline in March sales due to low demand from emerging markets, the company said Monday.Hyundai Motor sold a total of 405,929 vehicles in March, down from 433,171 units a year earlier, the country's top carmaker said in a statement.(Yonhap)"As the company expects slowing (sales) growth in advanced markets and is not sure about an (immediate) rebound in sales in emerging markets, it will strengthen its fundamentals and a
April 3, 2017
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Renault Samsung March sales rise 4.3% on new models
Renault Samsung Motors Corp. said Monday its March sales rose 4.3 percent on-year on robust demand for its midsize QM6 sport utility vehicle.Renault Samsung Motors sold a total of 25,281 vehicles last month, up from 24,237 units a year earlier, the carmaker said in a statement. Renault Samsung Motor's flagship SM6 sedan (Yonhap file photo)The QM6 SUV was the biggest contributor to the solid monthly sales results. Exports of the flagship SUV soared to 4,382 autos last month from 1,335 a month ea
April 3, 2017
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Hankook Tire releases new racing tire
Hankook Tire, South Korea’s No. 1 tire maker, has launched the Ventus R-s4, an ultrahigh performance tire designed for racers and everyday drivers, the company said Monday. Ventus R-s4 (Hankook Tire)“The Ventus R-s4 is an ultrahigh performance tire symbolic of Hankook Tire’s sophisticated technical skills. It will deliver a differentiated driving performance and pleasure to customers,” said Suh Seung-hwa, vice chairman and CEO of Hankook Tire.The firm will work to pioneer the future driving cult
April 3, 2017
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SsangYong Motor March sales almost flat despite lower demand
Overall sales by SsangYong Motor Co., the smallest carmaker in the country, remained little changed in March compared with a year earlier, backed by steady demand for its SUVs, the company said Monday. SsangYong Motor sold a total of 12,992 vehicles last month, compared with 13,010 units a year earlier, the carmaker said in a statement. SsangYong Motor's Tivoli compact SUV (Yonhap file photo)Domestic sales rose 1.8 percent on-year to 9,229 units in March, while exports fell 4.5 percent to 3,763
April 3, 2017
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GM Korea March sales fall 12.4% on weak exports
GM Korea Co. said Monday it posted a double-digit on-year drop in sales last month due to lower demand for small cars and its flagship models. In March, the company's domestic sales plunged 12.4 percent year-on-year to 14,778 vehicles from 16,868. Exports were also down 8.2 percent to 36,072 from 39,276, GM Korea said in a statement. GM's Impala upper midsize sedan (GM Korea)The South Korean unit of General Motors Co. also didn't report robust sales results for the first quarter ending March 3
April 3, 2017
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Hyundai to enter compact SUV market with new KONA
Hyundai Motor has named its upcoming compact sports utility vehicle the KONA, expected to be released in summer, the company said on Monday without specifying the date. Expanding Hyundai’s family of existing SUV models, including the Sante Fe, Tucson and the Veracruz, the automaker says it is looking to increase its overall competitiveness in both the global market and Korea’s growing domestic SUV market boom. “KONA is a model that notifies Hyundai‘s entry into the small-sized SUV market that i
April 3, 2017
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Autonomous cars to fully take off in Korea in 2028
Autonomous cars are forecast to become popular in the South Korean auto market in 2028, five years after they do so in the United States, according to analysts Monday.According to the industry analysts in a book published by the Ministry of Science, ICT and Future Planning, self-driving cars will gain popularity down the road to account for 12 percent of newly sold cars in those years.(Naver Corp.)The outlook is based on a survey on nearly 6,000 experts in the industry who predicted that 24 rela
April 3, 2017
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[Herald Interview] MAN Truck chief attributes 680% growth to customer focus policies
MAN Truck & Bus Korea, the local distributor of the German automaker, recently opened its new headquarters and service center in Yongin, Gyeonggi Province, in a $10 million investment looking to expand its presence in the domestic market. In 2016, MAN sales in Korea jumped 36 percent from the previous year, the best performance in the world truck market last year, according to the company. MAN sold 1,545 units last year, the highest number of units since the company entered the Korean market. In
April 2, 2017
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Hyundai i30 rated 2nd best car in compact segment in Germany
A leading German car magazine recently tapped Hyundai Motor Co.‘s i30 hatchback as the second-best car in the compact passenger vehicle segment based on its economy and environmental impact, sources said Sunday.Auto Zeitung, a highly respected auto magazine, compared the Hyundai i30 to similar offerings from Volkswagen (VW), Audi, BMW, Mercedes-Benz, Opel, Ford, Renault and Peugeot. (Yonhap)It said the i30 only trailed VW’s very popular Golf in overall points.The Hyundai i30 received 3,040 point
April 2, 2017
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Hyundai Mobis to develop highway self-driving tech by 2020
South Korea‘s top automotive parts supplier Hyundai Mobis Co. said Sunday it will develop technologies for highway driving capable autonomous cars by 2020, with an aim to commercialize them two years later.The company plans to develop the autonomous driving technologies mainly to help two affiliates -- Hyundai Motor Co. and Kia Motors Corp. -- add next-generation smart cars to their lineups, it said in a statement. (Yonhap)“We will ramp up our efforts to develop the Highway Driving Assist (HDA)
April 2, 2017
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Hyundai Motor Group's R&D spending up 8% to W4tr in 2016
Hyundai Motor Group's spending on research and development increased 8 percent in 2016 to some 4 trillion won ($3.58 billion), with the number of its patents exceeding 30,000 last year, data showed Sunday.According to annual business reports from Hyundai Motor Co. and Kia Motors Corp., their combined R&D spending reached 3.99 trillion won last year, up 8.2 percent from a year earlier. (Yonhap)The R&D spending growth is faster than its sales growth of 3.5 percent posted last year. Hyundai spent 2
April 2, 2017
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[Herald Interview] Bolt EV chief engineer talks creation of game-changing EV
Offering a reasonably priced electric vehicle with a driving range that is more than double compared to some of its competitors, GM’s latest Bolt EV is looking to open a new era of market share for electric cars, both domestically and worldwide. The compact vehicle was introduced to local consumers for the first time at the 2017 Seoul Motor Show, where GM Korea CEO James Kim referred to the Bolt EV as a “game changer.” The new Bolt EV has a driving range of 383 kilometers on a single charge, the
March 31, 2017
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Mercedes-Benz, Maserati, Peugeot ordered to recall faulty parts
Mercedes-Benz, Maserati and Peugeot have been ordered to recall faulty parts in some of their models, South Korea's transport ministry said Friday. This is part of a broader recall order recently delivered by the Ministry of Land, Infrastructure and Transport in the South Korean automobile market. (Yonhap)Local customers increasingly choose imported brands over homegrown ones, such as Hyundai Motor Co. and Kia Motors Corp., due to declining prices and difference in performance and quality.Merced
March 31, 2017
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[Seoul Motor Show] SsangYong’s G4 Rexton makes world debut
SsangYong Motor unveiled the G4 Rexton in a world premiere on the eve of the Seoul Motor Show on Thursday, seeking to expand its presence in the fast-growing market for sport utility vehicles.Previously referred to as the Y400, the South Korean carmaker owned by Mumbai-based Mahindra Group named the large SUV the G4 Rexton to highlight four main aspects. The G4 is meant to represent the “Great 4 Revolution” in driving, safety, style and high technology, the carmaker said.“Ssangyong is in the pha
March 30, 2017
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[Seoul Motor Show] Future cars take center stage at Korea’s largest motor show
An auto extravaganza kicks off Friday in Goyang, northwest of Seoul, offering a glimpse into various features of future cars that will change not only the traffic landscape but also urban lifestyles. Under the slogan “Design the future, enjoy the moment,” the Seoul Motor Show has invited 27 car brands from around the world to Kintex. Nearly 300 vehicles, including two world and 42 Korea premieres, will be displayed at the event's 11th outing. (Seoul Motor Show)The show is the only Korean event r
March 30, 2017
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[Seoul Motor Show] Seoul Motor Show highlights
With 27 participating car brands from around the world, the 11th Seoul Motor Show opening Friday in Kintex, Goyang, is abuzz with new features, designs and technologies geared toward enhanced performance while still being eco-friendly. Here is a brief rundown of the featured automobiles by type. 1. Hydrogen fuel-cell vehiclesHyundai FE Fuel Cell Concept The country’s leading automaker, Hyundai Motor, introduced its Future Eco fuel-cell electric vehicle concept for the first time in Asia. The FE
March 30, 2017
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[Seoul Motor Show] BMW highlights speed, luxury and energy efficient vehicles
BMW Group Korea unveiled the new M760Li xDrive, the fastest model in the company’s flagship 7 Series, and showcased the power of its trademark M Performance driving system at the 2017 Seoul Motor Show on Thursday. For the first time in Korea, the German carmaker exhibited the M760Li xDrive’s V12 M Performance twin-turbo power adder engine, which can reach speeds of up to 304 kph. Delivering up to 602 horsepower, the new luxury sedan can reach 100 kph in 3.7 seconds. The engine time is half a s
March 30, 2017
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[Seoul Motor Show] Toyota takes hybrid to next level
Among Toyota’s ambitious lineup for the Seoul Motor Show that is set to kick off Friday, much attention is being geared toward the Korean premiere of the LC500h and Prius Prime.Prius Prime is a plug-in hybrid version of Prius that has drawn Toyota’s hybrid technology and style up to a new level. Prius Prime (Toyota Korea)The model, which had its world premiere at the New York Motor Show last year, is praised for having around a 60 percent better fuel efficiency than the hybrid version. The exter
March 30, 2017
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Korea sets up 100 super charging stations EVs in Q1
South Korea has set up 100 hundred super charging stations for electric vehicles in the firs three months of the year as part of the government-led efforts to expand overall infrastructure for green cars, the energy ministry said Thursday.The total numbers built this year alone is equal to all super charging stations in the country at present, and up from zero in the first quarter of last year, according to the Ministry of Trade, Industry and Energy. This photo, provided by Hyundai Motor Co., sh
March 30, 2017
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Global auto-parts makers to promote products at Seoul Motor Show
Global auto parts companies will participate in the Seoul Motor Show to promote their products and expand business ties with their South Korean counterparts, the exhibition's organizing committee said Wednesday.Auto parts makers from Germany, Mexico, Columbia, Israel and the Czech Republic will join the biennial motor show in a bid to supply their products to South Korean carmakers, the Organizing Committee for Seoul Motor Show said in a statement. In this photo taken during the Seoul Motor Show
March 29, 2017