Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[Music in drama] Rekindle a love that slipped through your fingers
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Hyundai Motor closes in on 10m unit sales in China
Hyundai Motor Group Chairman Chung Mong-koo said Tuesday that he would seek a fresh start in China, the world’s largest and fast-growing car market, moving away from market concerns over the fate of South Korea’s largest carmaker.At a ceremony to mark the completion of the firm’s new plant in Cangzhou, the chairman said that Hyundai would take this as an opportunity to jump forward, stressing that the factory is built to exclusively target Chinese consumers with high-quality vehicles.Hyundai Mot
Oct. 18, 2016
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Hyundai sales to see first dip in 18 years
Hyundai Motor, the nation’s largest carmaker, is expected to see its global sales decline for the first time in 18 years, due to the prolonged recession in emerging markets and slowing demand in its home turf. The carmaker had set an annual sales target of 8.13 million units in January, slightly lower than last year’s 8.2 million. But the South Korean carmaker appears to be in a difficult situation to reach that goal, some market analysts said, citing its slowing sales.As of September, the compa
Oct. 13, 2016
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SsangYong partners with Shaanxi Automobile
SsangYong Motor signed an agreement with Chinese automaker Shaanxi Automobile Group to set up a joint venture for establishing a SsangYong production plant in China, the automaker said Tuesday. The joint venture will become the Korean automaker’s first overseas production base. “It is essential to have a local plant in China to increase our competitiveness in the rapidly growing Chinese car market and to increase our sales volume,” said SsangYong Motor chief Choi Johng-sik.The company said it wo
Oct. 11, 2016
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[NEWSMAKER] Hyundai Motor struggles to contain fallout
Hyundai Motor, the world’s sixth-largest carmaker, is grappling with a series of distressing events including chronic disputes with its hard-core laborers and unfavorable market conditions. Over the years, the nation’s largest carmaker has fought to maintain a lead in the market, competing globally through investments in research and development, brand value and design. (Yonhap)Despite its stellar performance in and out of the country, the carmaker is likely to continue having it rough for a whi
Oct. 10, 2016
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Hyundai faces long journey toward hydrogen: analysts
It will be a long journey for Hyundai Motor to take a lead in hydrogen-powered vehicles due to a lack of infrastructure and progress by Japanese competitors, industry watchers said. Hyundai Motor appears to be betting on hydrogen fuel cell vehicles for its next-generation of cars, believing it will ultimately replace electric cars. In 2013, Hyundai, for the first time in the world, mass-produced the Tucson ix FCEV, which runs up to 415 kilometers on a single charge, and plans to unveil the secon
Oct. 9, 2016
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Korea's import vehicle sales continue to drop on Volkswagen woes in Sept.
Sales of imported cars in South Korea continued to drop sharply from a year earlier last month following the recent ban on sales of 80 Audi and Volkswagen car models here after an emissions scandal, industry data showed Friday.In September, 16,778 new imported cars were registered, according to the data from the Korea Automobile Importers and Distributors Association.The September reading marked a 5.3-percent increase from the previous month. However, from the same month last year, the figure ma
Oct. 7, 2016
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GM Korea to recall 376 Spark electric cars for defective airbag software
GM Korea Co., the South Korean unit of US carmaker General Motors Co., is recalling certain model years of the Spark electric vehicle sold here for issues related to the airbag control software that may lead the airbag to fail to deploy, the transport ministry said Friday.The recall affects 376 Spark electric vehicles produced between July 5, 2013 and July 26, 2016.Due to a defect in the control unit's software, the front airbags may fail to deploy while the car's seat belt pretensioner may also
Oct. 7, 2016
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Hyundai Motor ranked 35th in global brand value
Hyundai Motor, the nation’s largest carmaker, has ranked 35th in a global brand value report, climbing four notches from last year, the company said Wednesday.According to Interbrand’s list of the world’s top 100 brands, a global brand consulting firm, Hyundai Motor held $12.5 billion worth of brand value. Its sister firm Kia Motors ranked 69th, up five steps from last year. The brand value of Kia Motors was estimated at $6.3 billion won. Hyundai Motor ranked 35th in top 100 global brand list (I
Oct. 5, 2016
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Hyundai, Kia see US sales grow slightly in Sept.
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp. saw their combined sales in the United States rise slightly in September, thanks in large part to strong SUV sales, industry data showed Monday.The two South Korean auto giants sold a combined 115,830 units in the US last month, up 1.7 percent from 113,835 units sold in the same period last year, the data showed. Hyundai's sales rose 4 percent to 66,610 units, which marks the best September ever."Strong performances by our Santa Fe an
Oct. 4, 2016
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New i30: Not just a hatchback
Despite Hyundai Motor’s dominance in sedan segments in Korea, the carmaker’s hatchbacks have, so far, not been popular here. Hyundai’s first i30 series debuted in 2007, but had a lukewarm response in the face of imported hatchbacks that included Volkswagen’s Golf series invading at the time. The new i30 unveiled here last month and also at the Paris Motor Show that kicked off last week apparently inherited the hatchback legacy as well as its identity as a practical compact vehicle. But the lates
Oct. 3, 2016
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[Photo News] Kia in Paris Show
Michael Cole, chief operating officer at Kia Motors Europe, attends a news conference on the media day at auto show Mondial de l‘Automobile in Paris, France, Thursday. (Reuters-Yonhap)
Sept. 30, 2016
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GM exec says diversity will lead auto industry for long
BUSAN -- A General Motors executive has said diversity will dominate the new automobile industry in terms of power train types and competitors, as boundaries are increasingly blurred. Daniel Nicholson, vice president of GM’s Global Propulsion Systems, said although GM is in a leading position in electrification, he doesn’t think one power train will lead the future auto industry.“Eco-friendly cars -- electric and hybrid -- and internal combustion will peacefully coexist for a significant period
Sept. 29, 2016
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Carmakers' overseas production exceeds domestic output
Carmakers in South Korea saw their overseas production exceed domestic output in the first eight months of this year, industry data showed Tuesday, as local automakers have built more assembly lines in foreign countries in recent years.Seven carmakers, including top automaker Hyundai Motor Co. and its sister company Kia Motors Corp., produced 2,773,067 units in the January-August period, according to data compiled by the Korea Automobile Manufacturers Association.In comparison, Hyundai and Kia b
Sept. 27, 2016
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Hyundai Motor hit by first labor strike in 12 years
Hyundai Motor, the nation’s largest carmaker, is expected to suffer from a substantial delay in production, as unionized workers have staged a full-pledged protest Monday for the first time in 12 years.In attempt to pressurize Hyundai Motor over a stalled wage deal, the workers decided not to show up in their workplaces in Ulsan, Jeonju and Asan, halting operations of all of the carmaker’s production lines Monday. From Tuesday, workers will not work six hours a day for the entire week, the union
Sept. 26, 2016
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[Photo News] Global friendship tour hosted by Hyundai
Foreign students who attended the 2016 Global Friendship Tour hosted by Hyundai Motor pose at the auditorium of Inha University on Friday. Hyundai Motor provided 400 foreign students studying in Korea with opportunities to experience Korean culture through the tour. (Hyundai Motor)
Sept. 25, 2016
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[Behind the wheel] Comfortable and efficient SUV QM6 widens competition
JECHEON, North Chungcheong Province -- Motorists looking for affordable sport utility vehicles have a wider range of options now. Renault Samsung‘s latest SUV, the new QM6, has jumped into the fray, with a set of smart features designed to boost the driving experience.The QM6 inherited its “design DNA” from the SM6, Renault Samsung’s popular midsize sedan, the company said. And it does indeed look like a SUV version of the SM6, with daytime light-emitting diode headlights that have a unique futu
Sept. 25, 2016
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[Behind the Wheel] Powerful yet elegant BMW 750Li
JEJU CITY, Jejudo -- German auto giant BMW invited the press on Friday to get behind the wheel of its flagship model 750Li xDrive on Jejudo, a resort island off the southern coast of South Korea, to mark its 100th anniversary. The new gasoline model, which delivers maximum 450 horsepower with a 66.3 kilogram-meter torque, offered peppy acceleration, breaking the stereotype that the feel of a large sedan is slow and heavy. It offered comfort driving below 3,000 revolutions per minute.The highligh
Sept. 25, 2016
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Hyundai Motor donates $115 mln over 18 years to help children fight cancer
South Korea's top automaker Hyundai Motor Co. said Saturday it has donated about US$115 million over the past 18 years to its social contribution program in the United States to help children fight cancer. Hyundai Motor launched the anti-cancer campaign, titled "Hope on Wheels," in 1998, in which $14 is raised every time a new Hyundai vehicle is sold. The automaker's accumulative donation topped the $100 million last year. Participants called for more efforts to help children fight cancer at
Sept. 24, 2016
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Renault Samsung recalls 1.8 cars per vehicle sold
Renault Samsung Motors Co., the South Korean unit of French carmaker Renault S.A., has recalled nearly two vehicles per car it sold in the last five years, according to data compiled Thursday.According to Rep. Yoon Hu-duk of the main opposition Minjoo Party of Korea, the carmaker has recalled 765,435 units between 2011 and the first half of this year, 1.8 times more than the number of vehicles it sold. A separate report by the Korea Automobiles Manufacturers Association showed that Renault Samsu
Sept. 22, 2016
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Renault Samsung cars most frequently recalled in Korea: lawmaker
Renault Samsung Motors Co., the local unit of French automaker Renault S.A., has recalled more cars than it has sold here over the past five years, a lawmaker said Thursday.Since 2011, Renault Samsung sold 436,111 cars in South Korea while recalling 765,435 vehicles, meaning the carmaker recalled about 1.8 cars for every car sold here, according to Rep. Yoon Hu-duk of the main opposition Minjoo Party of Korea.Such a high rate of recall could indicate many problems with the car, but Renault Samsu
Sept. 22, 2016