Most Popular
-
1
Jimin of BTS, actor Song Da-eun suspected to be dating, again
-
2
What's next for the government's push in quota hike?
-
3
Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
-
4
Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
-
5
‘Malice should not undermine the system, social order,’ says Hybe's Bang
-
6
N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
-
7
N. Korea fires short-range ballistic missiles toward East Sea: JCS
-
8
N. Korea says it test-fired tactical ballistic missile with new guidance technology
-
9
[Graphic News] How much do Korean adults read?
-
10
Korean firms target EV charging market in US
-
GS Retail to start EV charging services
GS Retail, the retail unit of GS Group, said Friday it will operate charging stations for electric vehicles through its nationwide network of convenience store chains. As part of its partnership with Korea Electric Vehicle Charging Service, the company also plans to diversify related services in the near future. GS Retail convenience store division representative Cho Yoon-sung (left) and Korea Electric Vehicle Charging Service CEO Park Kyu-ho pose after signing a memorandum of understanding for
March 25, 2016
-
BMW Korea to open 2nd parts distribution center in Anseong
BMW Korea said it will open a 130 billion won ($110 million) worth parts distribution center in Anseong, Gyeonggi Province, to more smoothly supply parts to BMW, Mini and Motorrad service centers here. The new facility is expected to be three times bigger than the first center BMW Korea operates in Incheon, Gyeonggi Province. BMW Korea holds a ground-breaking ceremony for its second parts distribution center in Anseong, Gyeonggi Province, Tuesday. (BMW Korea)The Korean unit of the German luxury
March 24, 2016
-
[Photo News] FCA rolls out new compact SUV
FCA ROLLS OUT NEW COMPACT SUV -- FCA Korea rolled out a small five-passenger SUV Fiat 500X in Seoul on Thursday. The new SUV is 4.2 meters long, 1.8 meters wide and 1.6 meters high. Its price tag starts from 29.9 million won ($25,700). (FCA Korea)
March 24, 2016
-
Mahindra & Mahindra aims to double Ssangyong sales by 2021
Ssangyong Motor owner Mahindra & Mahindra said Ssangyong would invest 1 trillion won ($862 million) over the next five years in aims to double its sales.In 2015, Ssangyong sold 145,000 cars, mainly thanks to the success of its latest Tivoli SUV that was released in January that year.Pawan Goenka, an executive director at Mahindra, said by 2021, the Indian conglomerate hopes to increase the figure to 300,000 units. Mahindra & Mahindra executive director Pawan Goenka. (Mahindra & Mahindra)“We pla
March 23, 2016
-
Toyota drives hybrid car sales push with new Prius
Top Japanese automaker Toyota will push for sales of its hybrids lineup with the launch of the all-new Prius hybrid, setting a goal of lifting the proportion of hybrid car sales to 50 percent from its current 32 percent in Korea, the carmaker said Monday. TOYOTA PRESENTS FUTURE OF HYBRID WITH NEW PRIUS-- Toyota Korea CEO Akihisa Yoshida (right) poses next to the fourth-generation Prius hybrid at its launch event at Westin Chosun Hotel in Seoul on Tuesday. (Toyota Korea)While launching the four
March 22, 2016
-
Hyundai Merchant Marine signs debt settlement agreement with creditors
Hyundai Merchant Marine, which is facing a liquidity crunch, signed a debt settlement agreement with bank creditors on Monday. The move came after Hyundai Motor Group denied rumors that it might seek a takeover bid to save the faltering shipper via its logistics arm Hyundai Glovis. HMM is a key affiliate of Hyundai Group and so has been categorized as a member of the pan-Hyundai empire. “It is true that the group was invited to a takeover bid for the shipper, but the group has no interest in the
March 21, 2016
-
GM Korea releases new SUV Captiva
GM Korea, the local unit of U.S. automaker General Motors, launched the new 2016 Chevrolet Captiva SUV in Korea on Monday. The new Captiva is the latest version of the carmaker’s crossover SUV, encapsulating Chevrolet’s family look and performance.GM Korea’s Chevrolet Captiva SUV (GM Korea)Company CEO James Kim said, “I believe the new Captiva will significantly help the Chevrolet brand to increase its sales volume in the SUV segment, which is now the most competitive sector in the local auto ma
March 21, 2016
-
[EV Expo] Nissan to pan EV sales with entry Leaf model
Nissan Korea launched the entry-level model of its flagship electric car Leaf at the 3rd International EV Expo on Jejudo Island on Friday in an effort to raise its domestic market share.The Leaf S is expected to have a price tag of 26.9 million won ($23,140) after government subsidies of 19 million won.“Together with the launch of the entry model, the company has cut the price of existing high-end Leaf SL model. In addition, the firm expanded ties with local partners to enhance the EV sales and
March 20, 2016
-
Hyundai Motor jumps on AI bandwagon
The artificial intelligence craze generated by the Go match between Korean champion Lee Se-dol and Google’s AI software AlphaGo has spread to the automobile industry. Competition is heating up, with not only global automakers but also tech giants like Google and Apple rushing to gain the upper hand in commercializing self-driving cars.Hyundai Motor, the world’s fifth automaker in terms of production, is no exception. It is stepping up its AI drive to keep pace with global front-runners in this p
March 20, 2016
-
[EV Expo] ‘Electric cars key to carbon-free Jejudo Island’
Jeju Province Gov. Won Hee-ryoung gives a thumbs up during a test drive of Kia's Soul EV in Jejudo. Jeju ProvinceKorea’s ambitious green project to transform Jejudo Island into a carbon-free island by 2030 is drawing attention from policy makers and electric carmakers from around the world. Jejudo Island is the nation’s largest island with a population of 600,000. Since vision 2030 was presented last year, citizens and visitors there have seen a growing number of electric cars, smart home
March 20, 2016
-
[EV Expo] Jejudo Expo spurs global electric vehicle adoption
The 3rd International Electric Vehicle Expo, which kicked off Friday on Jejudo Island, has gradually transformed into an ideal venue for stakeholders in the global EV adoption, including government officials, industry executives and leading academics, for the past three years since its inception in 2014. Jejudo, a beautiful resort island located off the southwestern coast of Korea, was the perfect place to attract the event as it has sought its eco-friendly vision to become a carbon-free island
March 20, 2016
-
[EV Expo] BYD set to debut electric bus K9 in Korea
BYD's K9JEJUDO ISLAND -- Chinese electric vehicle maker BYD is set to make a foray into the market, armed with its electric bus K9, a company executive said.“We are set to enter the fast-growing electric auto market in Korea with our battery-powered bus K9 after forming a partnership with local tech company Suncore,” Liu Xueliang, BYD’s Asia-Pacific general manager, said in an interview with The Korea Herald during the 3rd IEVE. BYD, which started its battery-making business in 1995, has grown i
March 20, 2016
-
[EV Expo] Hyundai’s Ioniq Electric boasts long range, performance
JEJUDO ISLAND -- Hyundai Motor, the nation’s largest automaker, unveiled its pure electric vehicle version of Ioniq, the company’s first dedicated eco-car platform, at the 3rd International Electric Vehicle Expo in Jejudo Island on Friday. “Ioniq Electric boasts of the longest range among electric cars on the road and advanced driving performance,” the Korean automaker said in a press release.Hyundai Motor's Ioniq Electric (Hyundai Motor)Hyundai’s first pure electric car is able to travel up to
March 20, 2016
-
[EV Expo] Samsung SDI showcases EV battery lineup
JEJUDO ISLAND -- Samsung SDI, the nation’s leading electric vehicle battery cell maker, showcased its high-efficiency and high-density EV battery cell-making technologies at the international expo that kicked off on Jejudo Island on Friday. Samsung SDI, which joined the event for the first time this year, set up a booth to display its latest EV battery technology and electric vehicle business ecosystem including cells, modules, packs and battery-powered cars.“We expect visitors at the booth to g
March 20, 2016
-
[EV Expo] Renault Samsung to double EV sales
JEJUDO ISLAND -- Renault Samsung Motors, which topped in sales of EVs in Korea last year, seeks to double the sales this year, the newly appointed chief executive said during a press day for the 3rd IEVE in Jejudo. “We plan to sell 2,000 units of SM3 Z.E. in the domestic market this year and half of them will be supplied to Jejudo Island, an ideal test bed for EVs,” said Park Dong-hoon, CEO of French carmaker Renault’s Korean unit. Renault Samsung’s marquee EV SM3 Z.E., which ranked No. 1 with s
March 20, 2016
-
Park vows to support development of self-driving cars
President Park Geun-hye pledged Friday to support the development of self-driving cars to ensure local carmakers won't lag behind their global competitors.Park said South Korea can compete with Google and other foreign rivals in developing driverless cars and eco-friendly vehicles, including electric cars, citing the technological prowess of local carmakers and information and technology companies.South Korea is the world's fifth-largest automobile producer and is home to Hyundai Motor Co. and i
March 18, 2016
-
SK to offer long-term EV rentals
SK rent-a-car was set to begin long-term rental services of electric vehicles from Mar. 18 on Jejudo Island, where an EV expo is being held, company officials said Friday.This marks the first time for electrically run cars to be available for rental periods stretching up to five years. SK rent-a-car‘s booth is shown at the 3rd International Electric Vehicle Expo that kicked off on Korea’s Jejudo Island on Mar. 18. (SK Networks Co.)The models include Renault Samsung’s SM3 Z.E., Hyundai Motor‘s Io
March 18, 2016
-
(EV Expo) Hyundai Motor unveils EV Ioniq at Jeju expo
President Park Geun-hye and Hyundai Motor vice chairman Chung Eui-sun (second from left) visit the carmaker’s Ioniq Electric production line Friday in Asan, South Chungcheong Province. (Yonhap)JEJUDO ISLAND -- South Korea’s top automaker Hyundai Motor unveiled its electric vehicle in the lineup of its green car brand Ioniq during the 3rd International Electric Vehicle Expo that opened in Korea’s southern resort island on Friday. “Eco-friendly and highly fuel-efficient models are becoming key fac
March 18, 2016
-
(EV Expo) Carmakers showcase green tech at EV expo
(Yonhap)JEJUDO ISLAND -- More than 140 electric car and parts makers gathered on Jejudo Island to showcase their latest green auto technologies. Global carmakers including Hyundai Motor, Renault Samsung Motors, BMW and Nissan are set to join the 3rd International Electric Vehicle Expo, which began on Friday for a seven-day run.The nation’s largest automaker Hyundai Motor unveiled its new electric vehicle Ioniq Electric. It is the latest model of Hyundai‘s Ioniq, which was first revealed at the G
March 18, 2016
-
Volvo Trucks Korea to double sales by 2020
Volvo Trucks aims to double its annual sales in Korea to 4,000 units by 2020, Volvo Group CEO Martin Lundstedt said in Seoul on Thursday.“The year 2015 was very successful for Volvo Trucks Korea. The Korean unit has contributed to the Volvo Group’s success as well,” the chief of the Swedish automaker said in a press conference. “Our 2020 vision is to sell more than 4,000 commercial vehicles (in Korea),” he added. Volvo Group CEO Martin Lundstedt talks to reporters in Seoul on Thursday. (Yonhap)T
March 17, 2016