Most Popular
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Inflation eases in April, continues bumpy ride
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Seoul alerts overseas missions to NK terror threats
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Public backlash against division of Gyeonggi Province under 'corny' name
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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BMW Korea launches new 5 Series
BMW Korea has officially launched the seventh generation of its most popular sedan, the 5 Series, which racked up more than 2,000 presale contracts in less than a month. First launched in 1972, the 5 series has since sold more than 7.9 million units worldwide, making it one the German automaker’s most popular models and one of the world’s best-selling premium business sedans. In 2016, BMW Korea’s annual sales reached 48,059 units, of which 17,200 units were the 5 series.BMW Korea President Kim
Feb. 22, 2017
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Seoul Motor Show to kick off next month
One of South Korea's annual automobile exhibitions is set to kick off late next month, heralding in a series of new hybrids and autonomous vehicles, its organizing committee said Wednesday. The Seoul Motor Show will take place for a ten-day event in Ilsan, north of Seoul, starting from March 31, under the theme of "Picture the future, Enjoy the present," the Seoul Motor Show Organizing Committee said in a press release. (Yonhap)"We will bring this opportunity to visitors not only to provide inf
Feb. 22, 2017
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30-somethings biggest buyer of imported autos
A generation shift in the country's imported auto market continued last year with customers in their 30s being the largest buyer group with a portion of nearly 40 percent, industry data showed Wednesday.According to the data compiled by the Korea Automobile Importers & Distributors Association, a total of 144,883 foreign autos were sold to customers here last year. (Yonhap)Of the tallied, drivers in their 30s purchased a total of 55,356 foreign cars last year, accounting for 38.2 percent of the
Feb. 22, 2017
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Hyundai Motor enters electric car-sharing market
Hyundai Motor is rolling out a car-sharing service alongside Hyundai Capital, with the launch planned for this April, the firm said Tuesday.The first models to be offered will be electric cars, before further expanding, the company said.Chang Jae-hoon (right), a senior vice president of the customer value division at Hyundai Motor, and Lee Byung-hui, a vice president of the auto business division at Hyundai Capital, pose at the signing of the memorandum for electric car-sharing services. (Hyunda
Feb. 21, 2017
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Hyundai Motor and affiliates withdraw membership from FKI
Top South Korean automaker Hyundai Motor Co. and all its affiliates officially announced their withdrawal of membership from the Federation of Korean Industries on Tuesday, further casting a cloud over the fate of the once largest business lobby in the country.Officials from Hyundai Motor Group said all its affiliates were leaving the FKI as of Tuesday. (Yonhap)"Each of the 11 affiliates of the group has delivered their intention to quit as of Tuesday afternoon," a group official said.Affiliates
Feb. 21, 2017
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Naver jumps into race of self-driving cars
South Korea's top Internet portal operator Naver on Monday became the last to join a race here for the development of self-driving cars after gaining government permission for a road test of its autonomous vehicle.The Ministry of Land, Infrastructure and Transport said it has issued a license for the driving test of a new self-driving car from Naver Labs, the research and development arm of Naver. The photo, taken on Feb. 13, 2017, shows a self-driving car developed by South Korean carmaker Hyun
Feb. 20, 2017
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LG Hausys acquires stake in Slovakian auto parts firm
LG Hausys has acquired a 50.1 percent share of c2i (Composite Innovation International), an automobile parts company based in Slovakia, the company said Sunday.It held a meeting of its board of directors Friday and approved the acquisition of the shares in c2i, which specializes in carbon-fiber components for automobiles. The two companies will seal the contract within this month and complete the transaction by March, LG added.The move follows LG Hausys’ push to further expand its lightweighting
Feb. 19, 2017
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[Behind the Wheel] All New Morning safer, more spacious
GAPYEONG, Gyeonggi Province -- Defying the common perception of compact cars, Kia Motors’ third-generation smart compact car All New Morning features enhanced safety along with a bigger interior.The company hosted a media test drive encompassing 109 kilometers to and from the Grande Walkerhill Hotel in Gwangjin-gu, eastern Seoul to a cafe in Gapyeong of Gyeonggi Province. Kia Motors’ third-generation smart compact car All New Morning. (Kia Motors) The All New Morning’s interior provided enough s
Feb. 19, 2017
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[Behind the Wheel] New Korando C goes family-oriented
HWACHEON, Gangwon Province -- In contrast to the original Korando, which had a masculine and adventurous image, the latest SUV rolled out by SsangYong Motor, the New Style Korando C, aims to be family oriented, offering a comfortable driving experience. SsangYong Motor, the local unit of Indian carmaker Mahindra & Mahindra Ltd., held a media performance test drive of its latest SUV from its headquarters in central Seoul to Hwacheon of Gangwon Province. The round trip totaled 290 kilometers and a
Feb. 19, 2017
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[Eye] ‘Basics, nature are key to iconic auto designs’
Park Jong-suh, 70, had never thought of becoming a car designer. In his childhood, cars had been his favorite like other boys, though in the postwar era of the early 1950s, they often had to pretend rubber shoes were vehicles as an alternative to toy cars.Twenty years later, Car Styling magazine in Japan would publish a set of his drawings and artwork, completely changing his life. “I was offered to work with Hyundai Motor in 1974 when somebody in the company saw my work from the magazine. I thi
Feb. 17, 2017
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Korea's auto exports retreat in Jan.
South Korea's auto exports fell for the first time in three months in January on decreased working days and contracted demand from global markets, government data showed Thursday.The total value of autos shipped overseas reached $2.86 billion last month, down 4.8 percent from a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. (Yonhap)The January downturn came after the country's monthly auto exports have logged an on-year growth in November and December
Feb. 16, 2017
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Sales of luxury imported cars top 20,000 in 2016
Sales of imported luxury cars continued to grow despite a sharp drop in overall sales of imports last year, industry data showed Thursday, reflecting an apparent economic polarization among local consumers.In 2016, the number of newly registered foreign-made vehicles each priced over 100 million won ($87,600) came to 20,384, accounting for over 9 percent of the total 225,279 imported cars sold here, according to the data from the Korea Automobile Importers and Distributors Association. Dimitris
Feb. 16, 2017
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SsangYong Motor back in the black
SsangYong Motor announced Wednesday that the company posted its highest sales volume in 14 years last year, resulting in an operating profit of 28 billion won ($25 million) and net profit of 58.1 billion won.The company, which is the fourth-largest South Korea-based automobile manufacturer, sold a total of 155,844 units worldwide in 2016. Exterior view of SsangYong Motor Company’s Tivoli SUV. (SsangYong Motor Company)“Last year, the company was able to recover its market share thanks to the Tiv
Feb. 15, 2017
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Tesla expected to hit Korean market in May
Major US electric car maker Tesla is expected to hit the Korean auto market this May after completing the registration process with the Ministry of Land, Infrastructure and Transport.The ministry said Wednesday that the registration for Tesla as a manufacturer has been finalized. The company said it will begin sales from May.This Sept. 7, 2016 photo provided by the Insurance Institute for Highway Safety shows a Tesla Model S before crash safety testing. (Yonhap - AP)Tesla first submitted for the
Feb. 15, 2017
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Hyundai Ioniq EV tops US list as 'greenest car'
The Hyundai Ioniq electric vehicle has been named the greenest car in the United States, beating its global rivals the BMW i3 and the Toyota Prius Eco, the South Korean manufacturer of the car, Hyundai Motor Co., said Wednesday.The Ioniq Electric topped a list of environmentally friendly vehicles sold in the United States that was put together by a non-profit organization, the American Council for an Energy-Efficient Economy. The Hyundai Ioniq Electric Vehicle (Hyundai Motor)The list, posted on
Feb. 15, 2017
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Chinese SUV starts off sales with a bang in Korea
All 120 units of the Chinese SUV Kenbo 600 -- which began sales here last month as the first Chinese automobiles to be introduced in the Korean market -- have sold out, the distributor of the Chinese vehicle said Wednesday. According to China-Korea Motor Co., the model’s exclusive local importer and distributor, contracts for the first round of the Kenbo 600 will be completed by this week. The company has placed orders for another 200 units.The SUV was officially launched on Jan. 18 and deliveri
Feb. 15, 2017
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Kumho Tire reaps two awards at iF Design Award
Kumho Tire, South Korea’s No. 2 tire maker, received two awards in the transport device category at this year’s iF Design Award taking place in Germany, the firm said Wednesday. The ECSTA PS71, a high performance tire for sports sedans, and a futuristic concept tire dubbed the Smasher were recognized at the 64th iF Design Award. The ECSTA PS71 (right) and Smasher (Kumho Tire)The event is organized by the International Forum Design of Germany and considered one of the world’s top three design awa
Feb. 15, 2017
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Korea to recall 2,721 foreign vehicles
South Korea's transport ministry said Wednesday it has ordered seven companies to recall a total of 2,721 units of 33 models of foreign vehicles for certain defects.The recall affects 1,357 units of the 320i and 16 other BMW models built between June 8, 2000 and January 30, 2003 as they could be equipped with Japan's Takata air bag inflators during repair work. (Yonhap)Takata Corporation said on its website last year that certain inflator ruptures are caused by a combination of long-term exposur
Feb. 15, 2017
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Korea's auto imports top $10b in 2016
South Korea's annual imports of automobiles topped $10 billion for the second consecutive year in 2016 despite lingering repercussions stemming from Volkswagen's emissions scandal, industry data showed Wednesday.According to the data by the Korea International Trade Association, South Korea imported a total of $10.63 billion (about 12.1 trillion won) worth of foreign vehicles last year, but the reading marks a 1.4 percent dip from the previous year's $10.78 billion. (Yonhap)The country's foreign
Feb. 15, 2017
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Hyundai Steel pushes for steel plate price hike
Hyundai Steel, South Korea’s No. 2 steelmaker, has been pushing to raise the price of its automotive steel plates supplied to Hyundai and Kia Motors, according to industry sources. Hyundai and Kia Motors are currently negotiating with the local steelmaker to settle on a new price for steel sheets, according to a Hyundai Motor spokesperson. (Yonhap)The steel industry has been calling for a price hike, citing the increased cost of raw materials, while the auto firms remain reluctant due to a con
Feb. 14, 2017