Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
[Music in drama] Rekindle a love that slipped through your fingers
-
4
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
5
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
6
On May Day, labor unions blast Yoon's foreign nanny proposal
-
7
Seoul Metro to seek legal action against malicious complaints
-
8
[KH Explains] Will alternative trading platform shake up Korean stock market?
-
9
Illit, mired in controversy, remains on Billboard charts for 5th week
-
10
S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
-
Will Korean battery makers’ struggle in China affect Hyundai?
South Korea’s largest automotive maker Hyundai Motor may face a setback in China with its new plug-in hybrid cars as the issue surrounding battery certification remains unclear. Samsung SDI and LG Chem, which supply car batteries to Hyundai and Kia Motors, have failed to win certifications in June and are yet to resubmit the applications. If they fail to get their batteries certified in China, Hyundai Motor and its affiliate Kia Motors’ new plug-in hybrid cars may not receive subsidies up to $26
Sept. 2, 2016
-
Tesla to accelerate charging infratructure with Shinsegae
Tesla announced Thursday that it would open a retail location in the nation‘s largest shopping mall later this year.The American automotive company said the first store would be located in Shinsegae Group’s Starfield Hanam mall in Gyeonggi Province and more shops were expected to open in 2017 and 2018 in other Shinsegae locations. AP-YonhapTesla plans to expand partnerships with the retail giant to accelerate its charging infrastructure. “Shinsegae will support the rapid deployment of the Tesla
Sept. 1, 2016
-
Will LG Chem supply battery for BMW’s hybrids?
[THE INVESTOR] Battery firm LG Chem has reportedly inked a supply deal with German luxury sedan maker BMW. The deal is reportedly the second of its kind with the German firm, following the previous one in the latter half in 2015.“LG Chem has stricken a deal to supply its 48-volt lithium-ion battery to BMW with the aim to produce the battery from 2019,” an industry official was quoted by online news outlet News 1 as saying.“I cannot unveil the exact amount, but the deal will be worth, as far as I
Sept. 1, 2016
-
Renault Samsung to export new SUV to Latin America this year
Renault Samsung Motors Co., the local unit of French automaker Renault S.A., plans to ship its new sports utility vehicle to Latin America and Australia this year, and to Europe next year, company officials said Monday.Renault Samsung is set to sell the QM6 SUV, a new version of its QM5 SUV, in the country next month, with preorders for the vehicle topping 2,000 units a day. (Renault Samsung Motors)Renault Samsung unveiled an all-new version of its QM5 SUV at the Beijing auto show in April. The
Aug. 29, 2016
-
Tesla's Model 3 forecast to boost Korean demand for EVs
The entry of Tesla Motors Inc.'s more affordable electric vehicle into South Korea next year is expected to boost domestic demand for EVs considerably in light of sharp consumer interest in the envisioned model, an expert said Monday.US electric car maker Tesla is slated to unveil the Model 3 in late 2017, which is capable of traveling more than 340 kilometers before being recharged and is estimated to have a price tag of $35,000, nearly half the price of its flagship and luxury Model S. (Tesla)
Aug. 29, 2016
-
Auto imports halve in July on end of tax favors, VW woes
Imports of foreign cars in South Korea more than halved in July due to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal and the end of tax favors on car purchases, industry data showed Sunday.According to data from the Korea Automobile Manufacturers Association, a total of 17,897 foreign vehicles were imported into the country last month, down 51 percent from the previous month.By country, a total of 6,423 German cars were imported in July, sharply down 58 per
Aug. 28, 2016
-
Hyundai, Kia sales in China surge 30 percent
Hyundai Motor and its sister company Kia Motors saw a boost in sales last month in China, thanks to the popularity of sports utility vehicles there and the improved economic conditions, officials said Thursday.Hyundai Motor, South Korea’s largest automaker, and Kia Motors, the second-largest, sold a combined total of 111,021 vehicles in July, up 31.9 percent year-on-year. Separately, Hyundai Motor sold 70,016 units, up 29.3 percent year-on-year while Kia shipped 41,005 cars in July, increasing b
Aug. 25, 2016
-
[Photo News] World's first compact SUV Convertible
Jaguar Land Rover Korea hosts a showcase for the Range Rover Evoque Convertible, the world’s first compact SUV convertible, slated for launch in Korea in September, at Yeong Bin Gwan, Hotel Shilla in central Seoul on Wednesday. (Yonhap)
Aug. 24, 2016
-
Audi to recall over 1,500 A8 cars for coolant leak
German automaker Audi AG will recall certain model years of A8 luxury passenger cars sold in South Korea for a coolant leak that may cause the car to lose power while driving and thus possibly lead to accidents, the transportation ministry said Wednesday.The local government began investigating possible coolant leaks in the Audi cars in June 2014 following a series of reports from vehicle owners here, according to the Ministry of Land, Infrastructure and Transport.The government confirmed coolan
Aug. 24, 2016
-
Kia Motors' Mexico sales more than double in July
South Korea's No. 2 automaker Kia Motors Corp. again renewed its monthly sales record in Mexico in July, market data showed Wednesday, suggesting its annual target of 50,000 cars will be anything but unattainable.The South Korean carmaker sold 5,510 cars, including light trucks, in Mexico last month, up more than 260 percent from the same month last year, according to the data from AMIA, the Association of Auto Manufacturers in Mexico.Kia only began selling its cars in Mexico in July 2015, but i
Aug. 24, 2016
-
Korean regulations continue to hinder development of autonomous cars: report
South Korea needs to further remove regulations to support the development of domestic autonomous or self-driving vehicles, a private think tank here said Wednesday.In a report, the Korea Economic Research Institute claimed excessive or unnecessary regulations here created a major hurdle to local developers of self-driving cars, partly by adding to their costs.The report came amid government efforts to help develop and commercialize level 3 self-driving cars by 2020. A level 3 self-driving car r
Aug. 24, 2016
-
Private-gov't body launches to foster hydrogen car sector
The South Korean government on Wednesday launched a consultative body of the public and private sectors in order to steer the hydrogen car industry to a leading growth engine of Asia's fourth-largest economy, the trade ministry here said.Led by the Ministry of Trade, Industry and Energy, the alliance for hydrogen convergence is comprised of provincial governments and local automotive and energy companies including Hyundai Motor Co., the country's largest carmaker, SK Gas and the state-run Korea
Aug. 24, 2016
-
Ssangyong Motor reenters Philippines
By Ahn Sung-mi THE INVESTORSsangyong Motor is reentering the Philippine market after an eight-year hiatus, the company said Tuesday. The automaker, owned by India’s auto giant Mahindra & Mahindra, will begin selling its vehicles, including the brand’s popular Tivoli compact SUVs in the country. Earlier in December, Ssangyong Motor formed a contract with local distributor Ssangyong Berjaya Auto Philippines, part of the Malaysian Berjaya Group, to resume sales of Ssangyong cars in the country, whi
Aug. 23, 2016
-
Korean shares open slightly higher on auto gains
South Korean shares opened slightly higher on Tuesday, rebounding from a sharp drop in the previous session.The benchmark Korea Composite Stock Price Index gained 3.63 points, or 0.18 percent, to 2,045.79 in the first 15 minutes of trading.On Monday, the index lost 14.08 points, or 0.68 percent, to close at 2,042.16.Large caps traded mixed with most tech shares in negative terrain.Market bellwether Samsung Electronics shed 0.12 percent, while global chipmaker SK hynix remained flat at 36,000 won
Aug. 23, 2016
-
GM CEO Mary Barra due in Seoul next week
Mary Barra, the top executive officer of US automaker General Motors Co., will visit South Korea next week, a US business lobby in Seoul said Monday.The top executive of General Motors Co. is scheduled to offer a special speech at a meeting of the American Chamber of Commerce next Tuesday, according to AMCHAM.Officials at GM Korea, the South Korean unit of the US carmaker, confirmed her scheduled visit.They, however, did not provide any other details, only saying it will be part of her "regular"
Aug. 22, 2016
-
FCA boasts Jeep’s originality as SUV
The popularity of sports utility vehicles in South Korea is expected to continue with local and foreign carmakers trying to lure local drivers with exquisite designs, fuel efficiency and engine power. But there’s nothing more original than Jeep is, said Fiat Chrysler Automobiles Sunday, stressing its efforts in continuing the brand’s legendary heritage for 75 years.“Since the World War II, when the first Jeep was built, the brand has become one of the most successful SUV brands in the world, tha
Aug. 21, 2016
-
Infiniti bets on with new QX60 in Korea
Infiniti, the luxury division of Japanese automaker Nissan, is slated to unveil its new luxury crossover QX60 later this month in the South Korean auto market, the company’s official said. Already having been a great crossover vehicle, the new QX60 is to offer some upgrades. “We aim to attract Korean consumers with QX60’s unique design, advanced safety systems and a reasonable price this autumn,” the company‘s official said. Infiniti QX60The company said its new QX60, a key model of Infiniti’s
Aug. 21, 2016
-
10-year wait for Korean firm’s Apple car battery: analysts
Amid reports that Apple is in talks with a small Korean firm to make batteries for a secretive car project, local experts said that it would take more than 10 years to be mass produced.A local news media recently reported that Apple is working with an unidentified Korean firm comprised of around 20 battery experts. The small Korean battery firm Orange Power is considered a strong candidate as it is the first and only Korean firm to have a patent on such technologies. An Apple store in Santa Moni
Aug. 21, 2016
-
Gov't orders recall of Chevrolet Orlando LPG for emission problems
South Korea's government on Sunday ordered GM Korea Co. to recall 15,056 Chevrolet Orlando compact multi-purpose vehicles for emission-related problems.The order affects Orlandos using the 2.0 liter engine that uses liquefied petroleum gas as fuel, the environment ministry said.The vehicles made from May 6, 2011 to Oct. 7, 2013 have been found to emit carbon monoxide beyond permissible levels. (Yonhap)The colorless and odorless gas can be toxic to people above a certain concentration in the atmo
Aug. 21, 2016
-
Tesla opens website for online reservations in Korea
Tesla Motors has begun taking online reservations in Korea for its electric cars, Model S, Model X, and Model 3, the company said Friday.With a deposit of 2 million won ($1,800) for the Model S, 5 million won for Model X and 1 million won for model 3, customers can make a reservation, it said in the first statement released for Korean press. (AFP-Yonhap)“Korean customers have already shown a great interest in Tesla through reservations for Model 3,” it said. The model 3 is a Tesla electric vehic
Aug. 19, 2016