Most Popular
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Debate on 'no-seniors zones' heats up
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S. Korea, Cambodia forge strategic partnership
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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Is NewJeans headed for a long 'break'?
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
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New Seoul High Prosecutors’ Office chief vows full-fledged probe into first lady
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S. Korea logs first auto parts trade surplus with Japan
South Korea posted a trade surplus with Japan in the auto parts sector for the first time last year as Japanese carmakers widened sources of imports to lessen risks, industry data showed Monday.According to the data provided by the Korea Trade-Investment Promotion Agency and the Korea International Trade Association, South Korea recorded an auto parts trade surplus of $23.75 million with Japan last year, a turnaround from the previous year's loss of $84.33 million.This represented the first surp
Feb. 2, 2015
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Foreign-made cars become white elephants for insurance industry
Lee Yun-ok, a 60-year-old owner of a humble coffee shop in Seoul, shudders when recalling a small but painful experience from a car accident.A few years ago, she was pulling her car out from an on-street parking lot after work one evening. She was on a glitzy Gangnam street in the southern part of the city commonly teeming with expensive luxury vehicles like BMWs and Mercedes Benzes.She was going in reverse at a low speed but wasn't aware of a BMW parked at a crossroad nearby. Her car touched th
Feb. 2, 2015
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Hyundai's i10 hatchback sales top 2 mln
South Korea's top automaker Hyundai Motor Co. said Monday that accumulated sales of its i10 hatchback broke the two-million mark last year, about seven years after the company first launched the model sold only outside its home market.The record marks the first time for one of its non-Korean region models to get past two million units in sales, according to the carmaker.The five-door city car was first targeted for the Indian auto market in 2007, and nearly 1.89 million units have been sold ther
Feb. 2, 2015
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Carmakers gear up for plug-in vehicle war
Falling oil prices are not expected to put a brake on the zeal for battery-powered, plug-in clean cars, as global automakers are competing to expand their electric vehicle lineup to win the battle for the clean car market. Carmakers have diversified their lineups of plug-in hybrids and fully electric vehicles. The trend was well reflected through the 2015 North American International Auto Show in Detroit from Jan. 12-25. “At the show, most of global carmakers clearly delivered a message that the
Feb. 1, 2015
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BMW cars found vulnerable to unlocking by hackers
By tapping into a security flaw in a digital-service system, hackers could wirelessly open BMW, Mini and Rolls-Royce vehicles in minutes, according to a report by German auto club ADAC. About 2.2 million vehicles equipped with BMW’s ConnectedDrive service were vulnerable, ADAC said. BMW’s electric car i3 EV, fitted with ConnectedDrive. (BMW)The Munich-based carmaker said it upgraded the system to close the security gap and that the software update will take place automatically when a vehicle co
Feb. 1, 2015
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U.S. auto sales outlook rises
An improving job market and cheap gasoline is likely to add 200,000 more car sales this year than analysts estimated just two months ago, according to a new survey. After a strong finish to 2014 ― November and December were two of the year’s three best months ― most analysts surveyed by Bloomberg increased their 2015 estimates, raising the average projection to 16.9 million deliveries. As recently as mid-November, the average estimate was for sales to rise about 200,000 to 16.7 million cars and
Feb. 1, 2015
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Honda, Toyota, re-recall 2m vehicles
Pontiac and Toyota vehicles will be called back for more repairs following reports that the air bags could deploy while driving, the U.S. Transportation Department said Saturday. The new recall covers vehicles made in the early 2000s with an electronic component from TRW Automotive Holdings Corp., the National Highway Traffic Safety Administration said in a release. The models involved are the Acura MDX, Dodge Viper, Jeep Grand Cherokee, Honda Odyssey, Pontiac Vibe, Toyota Corolla, Toyota Matrix
Feb. 1, 2015
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Hyundai, Kia's global market share stuck at 8.8 pct: data
South Korea's largest carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. were unable to draw in a larger share of the global auto market in the past three years, data showed Sunday, held back by persistent exchange rate disadvantages that have given an edge to overseas rivals.The car-making duo's combined market share stood at 8.8 percent out of a total 87.17 million vehicles sold worldwide last year, according to the data compiled by U.S.-based research firm LMC Automotive.Al
Feb. 1, 2015
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Korea to develop Gwangju as hub of car ventures
The presidential office said Tuesday that South Korea would help nurture the country’s southwestern region as a center of automotive start-ups in cooperation with Hyundai Motor Group, the world’s fifth-largest carmaker.Cheong Wa Dae said Hyundai Motor Co. and its smaller sister company Kia Motors Corp. would provide about 1,000 unused patents to those who want to open automotive start-ups in an innovation center in Gwangju.“Hyundai Motor will offer substantial assistance in the whole process of
Jan. 27, 2015
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Hyundai Motor, Baidu team up for connected cars in China
BEIJING (Yonhap) ― Hyundai Motor Co., South Korea’s top carmaker, said Tuesday it has signed a memorandum of understanding with Baidu Inc., China’s top search engine, to sell cars that are equipped with Internet access and in-vehicle infotainment services. Riding a wave of popularity of smartphones and other wearable gadgets, the global auto industry is increasingly betting on cars that can be connected to the Internet with drivers’ smartphones or even without them. Baidu launched its first soft
Jan. 27, 2015
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S. Korea to nurture southwest region as hub of automotive startups
The presidential office said Tuesday that South Korea will help nurture the country's southwestern region as a center of automotive startups in cooperation with Hyundai Motor Group, the world's fifth-largest carmaker.Cheong Wa Dae said Hyundai Motor Co. and its smaller sister company Kia Motors Corp. will provide about 1,000 unused patents to those who want to open automotive startups in an innovation center in Gwangju, a city located about 330 kilometers south of Seoul."Hyundai Motor will offer
Jan. 27, 2015
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Hyundai, Kia luxury lineups expand market share in U.S.
South Korea’s top carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their combined market share in the luxury car segment climb up last year in the United States, industry data showed Monday.Combined sales of Hyundai’s Genesis and Equus and Kia’s K9 in the United States advanced 3.1 percent on-year in 2014 to 23,878 units, according to the data. The market share of the three luxury sedans also inched up 0.5 percent point to 7.2 percent over the cited period in the U.S. pr
Jan. 26, 2015
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Hyundai Motor launches refurbished i40 saloon
South Korea's top carmaker Hyundai Motor Co. launched its new edition of the i40 family vehicle in its home market on Monday, putting emphasis on a new diesel engine that ups fuel efficiency. Both the sedan and wagon models of the new i40 are updated with a Euro 6-compliant diesel engine and paired with a seven-speed dual-clutch transmission, according to the automaker. The 1.7-liter variable geometry turbo diesel engine version has a maximum city-highway fuel mileage of 16.7 kilometers per lite
Jan. 26, 2015
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Tivoli, a keeper for sporty drivers with lighter wallets
Ssangyong Motor’s new compact crossover vehicle the Tivoli is a keeper for those who want an affordable SUV. Its starting price is 16.3 million won ($15,122), cheaper than that of 22.5 million won for Hyundai’s mid-sized sedan the Sonata, but the performance does not fall short compared to sedans or other compact crossovers. Some may be wondering about the car’s social implications ― Ssangyong’s mother company Mahindra said that high sales of the Tivoli might bring laid-off workers back to work
Jan. 25, 2015
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Volvo Korea opens ‘House of Sweden’
Volvo Korea opened its pop-up store The House of Sweden in the fashionable district of Garosu-gil in southern Seoul on Thursday. The store runs through April 21. Aimed at delivering the Swedish carmaker’s brand image and its 88-year-old heritage, the cafe and lounge bar has Volvo premium sports sedan S60 and compact SUV Cross Country on display. Volvo also invited Swedish outdoor fashion brand Haglofs, vodka label Absolute, restaurant Hemlagat and coffeehouse Fika to contribute to the Scandinavi
Jan. 25, 2015
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European car sales speed up after six years of decline
PARIS (AFP) ― New car sales in Europe rose by nearly 6 percent in 2014, ending a long slump in activity that began in 2007, but analysts warn the sector has not yet turned the corner in the region.The European Automobile Manufacturer’s Association said last week that 2014 new car sales grew by 5.7 percent, but noted current volumes of activity remain significantly lower than they were before the global financial crisis that drove the sector into six years of decline.Europe’s continuing economic
Jan. 25, 2015
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Hyundai Motorstudio opens in Moscow
Hyundai Motor opened the “Hyundai Motorstudio Moscow” in the Russian capital Friday. This is the first overseas studio for the world’s fifth-largest carmaker.The 880-square-meter studio surrounded by glass walls has Hyundai’s best-selling model, the Solaris, attached to the front wall. The Solaris is sold as the Avante in Korea and several other countries. The two-story studio contains an exhibition on key products such as the Genesis and the Equus, a library with 300 books about cars and art, t
Jan. 25, 2015
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U.S. safety agency to add automatic braking to star ratings
U.S. regulators will add automatic braking to a list of technologies considered as beneficial to safety in its influential star-rating consumer advisory system.Transportation Secretary Anthony Foxx announced the change Thursday at a meeting in Washington with automotive engineers. The National Highway Traffic Safety Administration currently rates cars based on the results of frontal and side crash tests as well as rollover propensity on a scale of one to five stars, with five being the highest s
Jan. 25, 2015
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Kia Motor's 2014 net profit drops 21.6 pct
Kia Motors Corp., South Korea's second-largest automaker, said Friday its net profit dropped 21.6 percent on-year in 2014 as profitability worsened from the strong won and unfavorable business conditions in global markets.Net income came to 2.99 trillion won ($2.75 billion) last year, compared with 3.82 trillion won reported a year earlier, the company said in a regulatory filing.Operating profit also fell 19 percent on-year to 2.57 trillion won, the lowest in four years, while sales edged down
Jan. 23, 2015
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GM Korea unveils latest Cruze model in local market
GM Korea Co. uncloaked on Thursday the latest edition of its Cruze compact car that comes with an upgraded design for the sedan first introduced in the local market in 2011. "The Amazing New Cruze 2015 is just the first step of much more to come," said Sergio Rocha, head of GM Korea during a media event held in western Seoul. "This year, we'll have 10 launch events in South Korea, starting today with the Cruze 2015.""You should expect new innovations on both the Chevrolet, our mainstream brand,
Jan. 22, 2015