Most Popular
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Jimin of BTS, actor Song Da-eun suspected to be dating, again
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What's next for the government's push in quota hike?
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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Woman falls to death from acquaintance's home after exhibiting ‘unexplained' behaviors
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‘Malice should not undermine the system, social order,’ says Hybe's Bang
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N. Korea slams planned S. Korea-US military drills, warns of 'catastrophic aftermath'
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N. Korea fires short-range ballistic missiles toward East Sea: JCS
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[Graphic News] How much do Korean adults read?
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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Korean firms target EV charging market in US
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Chinese EV maker mulls production line in Korea
Joylong Automobile, a Chinese electric vehicle manufacturer, signed a memorandum of understanding with Gwangju Metropolitan City on Wednesday to build its first overseas production line.It is the first time for a foreign EV maker to tap the Korean market for its production base abroad. Gwangju City Mayor Yoon Jang-hyun (center) signs a memorandum of understanding with Joylong Automobile vice president Ou Yangguang (left) for the plant building project, at Gwangju City Hall on Wednesday.Under th
March 17, 2016
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SK Innovation expands EV battery business
SK Innovation, the holding company of energy-related business at SK Group, announced Thursday it would expand its electric vehicle battery cell plant, in Seosan, South Chungcheong Province.“When the facility expansion is completed in the third quarter of the year, the plant will be able to produce enough battery cells to power 40,000 EVs per year, up from the current 30,000 EVs,” the company said in a press release. The SK Innovation’s EV battery cell plant in Seosan, South Chungcheong Province.
March 17, 2016
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BMW entices compact SUV buyers with new X1
With the recent launch of its all-new X1, German luxury carmaker BMW is targeting those in Korea who are looking for affordable, upscale, sport-utility vehicles. The X1 is the carmaker’s best-selling compact SUV. Industry watchers said the arrival of the second generation of X1, which has an upgraded design and specifications, will heat up competition among German luxury carmakers in the compact SUV segment. The driving shot of the all-new BMW X1 (BMW Korea)The all-new BMW X1 is vastly differen
March 17, 2016
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Hyundai Motor steps up investments in AI drive
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 tests its self-driving car, based on the Genesis sedan, in November 2015. (Yonhap)Hyundai Motor, the world’s fifth automaker in terms of production, is no
March 17, 2016
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Kia eyes small SUV market with ‘Niro’ hybrid
Kia Motors has set its sights on the compact sport utility vehicle market this year, armed with its first hybrid SUV, dubbed the “Niro,” to cement market leading status in the leisure vehicle market. The Korean automaker stood ahead of its sister firm Hyundai Motor in sales last year in different recreational vehicle segments, except the small SUV market in which the carmaker has no flagship model. Niro, which made its global debut at the 2016 Chicago Auto Show in February, is Kia’s first green
March 16, 2016
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Electronics retailors to enter EV market
Electronics retailers, including Lotte Himart and ETLand, are all set to sell electric vehicles and related products, according to industry sources Wednesday. They noted that the electronics goods distributor of retail giant Lotte Group is waiting for shareholders’ approval to enter the EV business. It plans to establish a firm to build a sales network for midsize EVs. CEOs of Lotte Himart and Korea Electric Power Corp. signed a memorandum of understanding to vitalize EV charging business on Tue
March 16, 2016
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Hyundai Motor to resume export of auto parts to Iran in April
Hyundai Motor Group is gearing up for the reentry into the reopened Iranian market by exporting the semi-knockdown products. The automotive group said Tuesday that its two auto-making arms --Hyundai and Kia -- will supply its Complete Knock Down (CKD) products to Iranian automobile companies. Market watchers forecast the automaker’ export resumption will begin in April for the second quarter. CKD refers to semi-knockdown products that are intended to be assembled locally. Cars waiting to go onb
March 15, 2016
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Korea ranks No. 5 for billionaires who inherited wealth
Korea ranked fifth in the world in terms of superrich business tycoons who inherited their wealth instead of making their own fortune, a think tank report showed. According to the Peterson Institute for International Economics, 74.1 percent of the 30 Korean billionaires inherited their fortune -- more than double the global average of 30.4 percent.The report said the proportion of Korean billionaires who amassed their fortune through inheritance stayed unchanged over the past two decades. Meanwh
March 15, 2016
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Prius poised to square off with Ioniq in Korea
Japan's Toyota is set to unveil the latest version of the Prius in Korea next week, intensifying competition with homegrown auto giant Hyundai Motor in the steadily growing hybrid car market, industry sources said Tuesday.According to the sources, Toyota plans to introduce its fourth-generation model of the Prius on March 22 to the Korean market, its third global market debut after Japan and the United States.The Prius has been the dominant player in the hybrid electric vehicle (EV) market since
March 15, 2016
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Local executive to head U.S. R&D center for Hyundai
Hyundai Motor said Monday that it had appointed William Andy Freels, an executive in its U.S. branch, to head its local research center.It is the first time that a local official has been named as chief of the Hyundai America Technical Center Inc., the carmaker’s R&D center based in Ann Arbor, Michigan, company officials said. William Andy FreelsHATCI serves as the company’s headquarters for design, technology, and engineering in the North American market, supporting new model
March 14, 2016
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[Photo News] Debut of EQ900 limousine
DEBUT OF EQ900 LIMOUSINE -- Hyundai Motor unveiled the limousine version of the EQ900 on March 9 in Seoul. Its body is 290 millimeters longer than the flagship sedan of the Genesis. EQ900. The price tag of the EQ900 limousine, which boasts more premium features, starts from 150 million won ($125,000). (Hyundai Motor)(EQ900)
March 13, 2016
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[Photo News] Tire service center goes high-end
TIRE SERVICE CENTER GOES HIGH-END -- Hankook Tire has opened its second luxury service studio named “Luxtudio” in Busan. “Luxtudio” -- a combination of the words “luxury” and “studio” -- is designed to provide specialized premium services for clients with luxury imported cars. The space is fitted with equipment for ultra-high performance tire and wheel alignment apparatus. (Hankook Tire) (Hankook Tire)
March 13, 2016
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Mercedes-Benz bolsters ‘dream cars’ lineup in Korea
The recent controversies involving Mercedes-Benz Korea have not come in the way of its aggressive growth plans, with the luxury carmaker all set to entice local customers with its tempting new models.Despite the recent fuss about tax returns on vehicle sales and transmission changes for its best-selling S350 model, the German company is confident of dethroning its competitor BMW -- after a decade -- as the largest imported car brand this year. It has already bagged the top spot in the first two
March 13, 2016
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GM Korea, labor union launch joint task force
GM Korea and its labor union have launched a joint task force that aims to support the company in achieving its goal of double-digit market share in 2016, the automaker said on Sunday. It is rare for the Korean unit of GM to gain cooperation from the labor union to achieve sales increase. (Yonhap)According to GM Korea, the task force will also include representatives from other areas, including domestic sales and government relations. It will have the authority to implement ideas approved at reg
March 13, 2016
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Renault Samsung appoints 1st Korean CEO
The French carmaker Renault named Park Dong-hoon, the vice president of its Korean unit Renault Samsung Motors, as its new CEO, on Friday. It is the first time in Renault Samsung’s 16-year-history -- since its inception in 2000 – that it will be led by a Korean CEO. The current CEO Francois Provost has been promoted to Renault’s senior vice president of China operations. In addition, he will lead the Dongfeng Renault Automotive. Provost is also waiting for an approval of his seat in the board of
March 13, 2016
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Ssangyong spurs sales of compact SUVs with Tivoli Air
Ssangyong Motor models pose with models at a launch event for the Tivoli Air, the long-body version of the firm’s compact Tivoli SUV, in Seoul on Tuesday. (Yonhap)Ssangyong Motor, the Korean unit of India’s Mahindra & Mahindra, launched the diesel-fueled long-body version of its best-selling compact Tivoli crossover Tuesday, targeting the growing compact SUV market. “The Tivoli Air, which evolved from the luxurious and stylish brand of the original crossover, boasts more enhanced utility feature
March 13, 2016
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Hyundai Genesis ranks 2nd in Feb. sales in U.S.
South Korean carmaker Hyundai Motor Co.'s Genesis ranked second in the U.S. market last month, beating the Mercedes-Benz E-Class sedan for the first time, industry data showed Sunday.Sales of the Genesis, the second generation of its kind, rose 13.4 percent on-year to 2,532 in the United States in February, following the BMW 5-Series sedan with 2,758 units in the mid-luxury market, according to the data.The E-Class dropped to third place with 2,362 units sold over the same period.It is the first
March 13, 2016
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Hyundai, Kia's 5 SUVs' sales hit 15 mln worldwide
Hyundai Motor Co., South Korea's largest carmaker, and its sister Kia Motors Corp. saw cumulative sales of its five flagship sports utility vehicles surpass the combined 15 million mark worldwide last month, industry data showed Sunday.The five models -- Hyundai's Tucson and Santa Fe and Kia's Sportage, Sorento and Mohave -- reported a total of 15.13 million in accumulated sales at home and abroad since their launches, according to the data.Sales of Hyundai's Tucson compact reached 4.42 million
March 13, 2016
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Hyundai vice chairman reelected as board member
Shareholders of Hyundai Motor approved the third term of the automaker’s vice chairman Chung Eui-sun’s board membership at its annual general meeting Friday. As a registered board director of Hyundai Motor responsible for management issues, the heir apparent of the group is expected to spur the global launch of G90 (EQ900 in Korea), the first model of Genesis, its independent premium brand. Chung Eui-sunIndustry watchers said he will also focus on capitalizing on the carmaker’s green car projec
March 13, 2016
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[Weekender] Tuning industry suffers from negative perception
In almost every episode of U.S. television sitcom hit “Home Improvement” in the 1990s, viewers were able to see its main star Tim “The Tool Man” Taylor played by stand-up comedian Tim Allen building and tuning a classic hot rod in his garage with his eldest son.They would chat, giggle and joke around, telling stories to one another while tending to their dream hot rod.Even in movies like “The Fast and the Furious” about a band of criminal street racers, its main character Dominic Toretto’s favor
March 11, 2016