Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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KT launches new mobile plans for foreign residents
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SK Networks may merge with AJ Rent-a-car
SK Networks, South Korea’s third-largest car rental provider, is rising as a possible buyer of AJ Rent-a-car, the country’s No. 2 car rental company, local reports said Tuesday.(SK Networks)Since last September, there have been speculations that AJ Networks -- a local construction device and IT equipment rental provider -- might sell 45.38 percent of shares in its rental service unit. “It is highly likely that that the proceeds from the LPG business disposal will be earmarked for rental car busi
March 7, 2017
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Hyundai unveils new fuel cell concept car at Geneva Motor Show
South Korea's top automaker Hyundai Motor Co. introduced its new green concept car, the FE, at the Geneva International Motor Show on Tuesday, also bringing more than 10 other cars for the world to see.The FE Concept is a fuel-cell based electric car that is designed to have a maximum driving range of more than 800 kilometers, according to the company.South Korea's leading automaker Hyundai Motor Co. unveils its new futuristic concept car, the FE Fuel Cell Concept, at the 87th Geneva Internation
March 7, 2017
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Suncore launches BYD’s electric bus in Korea
Suncore said Tuesday it has launched the electric bus “eBUS-12” manufactured by China’s electric-car maker BYD.The company, in charge of the electric bus’ distribution here, held a launching ceremony attended by officials of the Environment Ministry and relevant industries. BYD’s eBUS-12 (Suncore)The eBUS-12 has greatly reduced the costs of maintenance through highly efficient battery that does not have to be exchanged as often as before to last as long as 11 years, Suncore explained. It has al
March 7, 2017
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Imported auto sales rise 3.5% in Feb.
Sales of imported cars in South Korea gained 3.5 percent from a year earlier last month, partly due to a steady advance by Mercedes-Benz, market data showed Tuesday.The number of newly registered imported vehicles here came to 16,212 in February, compared to 15,671 in the same month last year, according to the data from the Korea Automobile Importers and Distributors Association.Dimitris Psillakis, CEO of Mercedes-Benz Korea, holds a press conference at a Seoul hotel on Jan. 16, 2017, announcing
March 7, 2017
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Hyundai, Kia showcase European styling, green cars at Geneva Motor Show
South Korea's Hyundai Kia Automotive Group said Tuesday it showcased several eco-friendly vehicles at this year's auto show in Geneva, Switzerland, wooing European customers sensitive to the environment and fuel efficiency.Hyundai Motor Co. said it has introduced a new i30 wagon, a European-style wagon derived from the i30 compact hatchback, at the Geneva International Motor Show at Palexpo, Geneva, which opened Tuesday and will run through Sept. 19.The Hyundai i30 wagon (Hyundai Motor)Hyundai i
March 7, 2017
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Genesis picked as top brand among local cars
The Genesis, a separate premium brand of South Korea's top automaker Hyundai Motor Co., has won this year's best brand ranking among local cars for the first time, a survey said Tuesday.Brandstock, a South Korean market research firm that determines the rankings of local brands, said in its latest survey that the Genesis got 873.7 points on a scale of 1,000 in terms of its Brand Stock Top Index, topping this year's car brand ranking.The Genesis EQ900 (Hyundai Motor Co.)It represents a marked ris
March 7, 2017
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German automakers to join new vocational program
The Korea-German Chamber of Commerce and Industry, in cooperation with Mercedes-Benz Korea and BMW Group Korea, announced the launch of Germany’s advanced vocational training system “Ausbildung” here Monday. The German educational program in Korea is an on-the-job training and academic system geared toward nurturing technical professionals, particularly young students interested in pursuing careers in the automotive industry. “The dual education training system has a very long tradition in Ger
March 6, 2017
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Kia Soul, Hyundai i30 remain best-selling models despite weak popularity at home
The Kia Soul continued to remained one of the best-selling cars made by South Korea's No. 2 automaker in overseas markets last year, despite its dwindling popularity at home, industry data showed Monday.In 2016, 168,159 units of the car were shipped overseas, more than 70 times higher than 2,359 units sold here, according to the data released earlier from Kia Motors Corp. The Kia Soul EV crossover (Kia Motors)The Soul is a crossover multipurpose vehicle, and is better known as a box car. The car
March 6, 2017
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[Herald Interview] Jeju expo to promote EV mass market, seek diversity
Despite the overflowing expectation on electric vehicles, often lauded as the future of the auto industry, the actual market for zero emission cars has been growing at a very slow pace.The portion of EVs around the world accounts for 0.01 percent of the total. But Kim Dae-hwan, chairman of the International Electric Vehicle Expo, believes that a significant change in the industry may happen this year, starting from an unlikely place -- the South Korean resort island of Jeju. Kim Dae-hwan, chairm
March 5, 2017
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Experts call for practical solutions to expand eco-friendly cars
South Korea’s government is spurring investments to foster eco-friendly cars, with its latest plan announced last week to build 200 more charging stations for green cars on expressways nationwide until 2025. The Ministry of Land, Infrastructure and Transport shared plans to construct charging stations for hydrogen-powered cars, electric vehicles and plug-in hybrids. Eco-friendly cars will also receive a 50 percent reduction on highway tolls until theys become common here. A detailed business pla
March 5, 2017
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[News Focus] Can Tesla still draw drivers despite lack of subsidies?
With American electric car giant Tesla preparing to open its first showrooms in Korea next week, industry officials are left speculating whether the company’s high prices and lack of government subsidies will still allow the company to make a big splash in the local eco-car market. The first model set to hit the local streets will be Tesla’s luxury Model S 90D, with a starting price of 121 million won ($105,000). However, despite the higher price tag compared to competing electric vehicles curr
March 5, 2017
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Gwangju begins Korea's first hydrogen car sharing program
The southern city of Gwangju will launch South Korea's first hydrogen car sharing program, the government said Sunday.The environment ministry said the city 329 kilometers south of Seoul has been tapped as a testbed for the car-sharing endeavor, aimed at improving public awareness of the eco-friendly vehicles. The car sharing industry -- short-term, automated car rental services -- has grown quickly in South Korea on the back of the widespread usage of smartphones. (Yonhap file photo)An official
March 5, 2017
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Sales of autonomous cars expected to hit 20 mln worldwide in 2035: report
Worldwide sales of autonomous cars are forecast to reach 20 million units by the year of 2035 on the back of rapid development of related technologies, a report said Sunday."The smart car market will expand to a large extent as self-driving cars are expected to hit the road around 2020," said the report released by the state-funded Korea Institute for Industrial Economics and Trade. Google’s self-driving vehicle. (Yonhap)It said the autonomous car industry will expand sharply in the coming years
March 5, 2017
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Local auto industry braces itself for storm
Dark clouds are hanging over the local auto industry due to weakened conditions in and outside of the country, despite local automakers’ increased on-year global sales for February and aggressive marketing strategies to maximize demand at home.According to figures presented by five local automakers -- Hyundai and Kia Motors, GM Korea, SsangYong Motor and Renault Samsung Motors -- they sold a combined 618,930 units in the local and global markets last month, up 2.5 percent on-year.Experts attribu
March 3, 2017
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Korean carmakers' sales grow 2.5% in Feb.
Global sales of South Korea-based automakers grew from a year earlier last month with sales growing both at home and abroad, the companies said Thursday.In February, combined global sales of the five automakers here came to 645,932 cars, up 2.5 percent from 629,881 cars sold in the same month last year, accordig to data released by the companies. (Yonhap)Led by market leader Hyundai Motor Co., the five carmakers sold a combined 119,612 vehicles in the local market, up 8.1 percent from a year ea
March 2, 2017
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Hyundai Motor sales grow 1.5% on-year in Feb
South Korea's top automaker Hyundai Motor Co. said Thursday its global sales gained 1.5 percent from a year earlier in February, helped by a sharp rise in domestic sales.The automaker sold 341,345 cars globally in February, compared to 336,200 cars sold in the same month last year, the company said in a regulatory filing. Hyundai Motor's Grandeur Gasoline 3.3 sedan released on March 2, 2017. (Hyundai Motor)Domestic sales jumped 8.7 percent on-year to 53,113 cars, while overseas sales inched up 0
March 2, 2017
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Kia Motors Feb. sales up 2.1%
Global sales of South Korea's No. 2 automaker Kia Motors Corp. grew 2.1 percent from a year earlier in February, largely helped by a rise in overseas sales, the company said Thursday.Global sales came to 227,823 cars last month, compared to 223,175 cars sold globally in February 2016, the company said in a regulatory filing. (Yonhap)Domestic sales inched up 0.1 percent on-year to 39,158 units, while overseas sales gained 2.5 percent to 188,665 cars.The automaker said its sales in advanced market
March 2, 2017
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VW appeals emissions fraud fines
Volkswagen Korea is appealing the South Korean watchdog’s decision to slap it with 37.3 billion won ($32.7 million) in fines and a correction order for false advertising related to its diesel emissions scandal. Volkswagen filed an administrative suit with the Seoul High Court on Feb. 23 against the FTC’s ruling, which was imposed late last year. It did not file an injunction, the court said Wednesday. The company reportedly claims that the watchdog’s fine and correction order are unfair. The co
March 2, 2017
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Ssangyong Motor sales grow 2.3% on-year in Feb.
Ssangyong Motor Co. said Thursday its global sales continued to grow from a year earlier last month on a sharp increase in domestic sales that more than offset a sharp drop in exports.The South Korean unit of Indian carmaker Mahindra & Mahindra Ltd. said its overall sales came to 10,816 cars in February, up 2.3 percent from the same month last year. The Ssangyong Tivoli SUV (Ssangyong Motor)Domestic sales spiked 16.1 percent on-year to 8,106 cars, while outbound shipments plunged 24.6 percent to
March 2, 2017
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GM Korea sales expand 1.7% on-year in Feb.
Global sales of GM Korea Co., the South Korean unit of US automaker General Motors Co., gained slightly from a year earlier last month on increased exports, the company said Thursday.In February, the South Korea-based automaker globally sold 45,366 cars, up 1.7 percent from the same month last year.(Yonhap)Domestic sales slipped 1.7 percent on-year to 11,227 cars, but exports gained 2.8 percent to 34,139 units, more than offsetting the drop in local sales.However, in the first two months of the
March 2, 2017