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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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 says it test-fired tactical ballistic missile with new guidance technology
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[Weekender] Geeks have never been so chic in Korea
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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Human rights commission urges Korea to raise awareness of LGBTQ rights
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Teens banned from entering, working at 'hold 'em' pubs, cafes
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Samsung expected to introduce new Exynos processor in next Galaxy series
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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
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Six racing-inspired Bentleys go on sale
Bentley’s new Continental GT3-R supercar. (Bentley Motors)Bentley Motors, the supercar unit of German carmaker Volkswagen, launched the new Continental GT3-R, a race-inspired limited edition supercar, in Seoul on Tuesday.“We only sell six Bentley GT3-R vehicles in Korea with a price tag of 380 million won ($349,800),” the company said. The model, launched in 2014, is a limited-edition vehicle with just 300 units.The Continental GT3-R boasts a 580 horsepower output from its 4.0-liter twin-turbo V
Jan. 20, 2015
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Hyundai Motor to cut price of hydrogen fuel cell vehicle
Hyundai Motor Co., the nation’s largest carmaker, has decided to lower the price of its Tucson fuel cell sport utility vehicle to compete with rising Japanese rival Toyota Motor in the segment, industry sources said. “Hyundai Motor recently informed Gwangju City, a major local buyer of the Tucson FCV, of its internal decision to cut the car price,” an industry insider close to the matter said on condition of anonymity last week.Gwangju City, which purchased five Hyundai FCVs last year, has a pla
Jan. 18, 2015
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European auto sales rise for first time since 2007
European car sales in 2014 rose the first time in seven years, approaching the top end of industry executives’ forecasts as buyers seeking to replace vehicles chose new low-cost models from Renault and Volkswagen.Registrations increased 5.4 percent to 13 million cars, the Brussels-based European Automobile Manufacturers’ Association said. That compares with growth estimates late last year ranging from 2 percent predicted by PSA Peugeot Citroen chief executive Carlos Tavares to 6 percent foreseen
Jan. 18, 2015
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Hyundai-Kia's EU market shares shrink in 2014
South Korea's No. 1 automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. both shed market share in Europe in 2014, despite having sold more cars on-year, official data showed Sunday.The two automakers' market shares in the region slipped 0.1 percentage point each for the whole of 2014, coming to 3.3 percent and 2.7 percent, respectively, according to the data released by the European Automobile Manufacturers' Association.Their total number of cars sold in Europe, however, moved
Jan. 18, 2015
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Hyundai Motor wins wage suit
A Seoul court on Friday ruled that Hyundai Motor did not have to include irregular bonuses in the calculation of base wages, after a two-year legal battle with the company’s hard-line labor union on its home turf.In March 2013, 23 members of Hyundai’s union filed a lawsuit demanding bonuses and other benefits be considered “ordinary pay,” which is used to calculate everything from overtime payments to annual raises.The Seoul Central District Court said Friday that bonuses paid to only two unioni
Jan. 16, 2015
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Hyundai Motor to launch new Veloster coupe this week
Hyundai Motor Co., South Korea’s top automaker, said it would this week begin selling the new Veloster coupe that boasts more functions appealing to the tastes of younger consumers. The new Veloster, which goes on sale Friday, is equipped with an “engine sound equalizer” that allows the driver to tune the volume and tone of the “virtual” engine sound.The car also provides an improved driving experience with motor driven power steering and better safety by adopting a rollover sensor that automati
Jan. 15, 2015
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Hyundai Motor to launch new Veloster coupe this week
Hyundai Motor Co., South Korea's top automaker, said Thursday that it will this week begin selling the new Veloster coupe that boasts more functions appealing to the tastes of younger consumers.The new Veloster, which goes on sale Friday, is equipped with an "engine sound equalizer" that allows the driver to tune the volume and tone of the "virtual" engine sound.The car also provides an improved driving experience with motor driven power steering and better safety by adopting a rollover sensor t
Jan. 15, 2015
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Kia seeks diverse marketing efforts during Australian Open
Kia Motors Corp., South Korea's second-largest carmaker, said Thursday it plans diverse marketing activities as a main sponsor of the Australian Open tennis tournament to be held next week.The Australian Open is one of tennis' major international events and Kia Motors, an affiliate of Hyundai Motor Co., has been sponsoring it for 14 years.Kia Motors said that it will provide 107 vehicles, including the K5, Soul, Sorento and Carnival, for athletes, VIPs and event organizers during the event, whic
Jan. 15, 2015
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Hyundai Motor's Santa Fe wins family car award in U.S.
Hyundai Motor Co.'s popular Santa Fe sport utility vehicle has won the "Family Car of the Year" award for a second straight year in the U.S. for its family-friendly driving features and improved safety.The award was granted by Cars.com, a renowned U.S. car review website, which gave the Santa Fe high scores on its roomy space needed for family activities and strengthened safety and driving steering system.To win the award, cars should get "acceptable" or higher levels in crash tests by the Insur
Jan. 15, 2015
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SUV, wagon and minivan sales spike on increased leisure
Annual sales of recreational vehicles in South Korea nearly doubled over the past six years, driven by the growing popularity of cars designed for outdoor and leisure activities, industry data showed Thursday.Last year, carmakers sold 407,880 RVs, including sport utility vehicles, wagons and minivans, compared with about 208,000 units tallied in 2008, according to the data.The spike is attributable to increasing demand for vehicles that provide more space for equipment and driving comfort for tr
Jan. 15, 2015
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Hyundai Motor's stake sale bid overturns fate of affiliates
Hyundai Motor Group's failed bid to sell stakes in its logistics affiliate, Hyundai Glovis Co., led to an exodus of investors for the second consecutive day on Wednesday, while analysts expected the owner family premium will now move to Hyundai Mobis Co., an auto parts maker at the center of the conglomerate's cross-shareholdings.Hyundai Motor Chairman Chung Mong-koo and his only son, Chung Eui-sun, 44, the vice chairman of the group, tried to sell 1.8 million and 3.2 million shares each in Hyun
Jan. 14, 2015
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Mahindra vows more investment
India’s Mahindra Group chairman Anand Mahindra made it clear that the motor group would continue to invest in Ssangyong Motor as a strategic investor to revive the Korean carmaker’s former glory. “It was not just a portfolio investment. It was not to acquire technology. Our investment was made with vision. ... (As a long-term investor), we want Ssangyong Motor to rise (again),” he said in Seoul on Tuesday. “We have two missions in Korea. First, we will ensure the well-being of the Ssangyong Moto
Jan. 13, 2015
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Hyundai unveils its first plug-in hybrid
Hyundai Motor vice chairman Chung Eui-sun introduces its Sonata plug-in hybrid electric vehicle at a motor show in Detroit on Monday. (Hyundai Motor)South Korea’s top carmaker Hyundai Motor Co. took the wraps off of its Sonata plug-in hybrid electric vehicle at a motor show in the U.S. on Monday (local time), its first-ever car that can be recharged to run on both gasoline and electricity. “The Sonata Plug-in Hybrid is a first of its kind engineered and built by a South Korean company, and will
Jan. 13, 2015
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Hyundai unveils its first plug-in hybrid
South Korea's top carmaker Hyundai Motor Co. took the wraps off of its Sonata plug-in hybrid electric vehicle (PHEV) at a motor show in the U.S. on Monday (local time), its first-ever car that can be recharged to run on both gasoline and electricity."The Sonata Plug-in Hybrid is a first of its kind engineered and built by a South Korean company, and will be a symbol of our outstanding green vehicle technology," said Vice Chairman Chung Eui-sun of Hyundai Motor.The company released the details of
Jan. 13, 2015
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Ssangyong Motor to rehire former workers if business turns around
Ssangyong Motor Co. will consider rehiring workers who had left the company five years ago if the automaker turns a steady profit, the head of the automaker's parent group said Tuesday.Mahindra Group Chairman Anand Mahindra came to South Korea to celebrate the launch of the Tivoli small-size SUV, the first new vehicle launched by Ssangyong since it was purchased by India's Mahindra & Mahindra Ltd. in 2011."If the Tivoli is successful and if the turnaround of Ssangyong is successful, then I assur
Jan. 13, 2015
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Kia Motors aims to sell 20,000 Sorento SUVs in China
Kia Motors Corp., South Korea's second-largest carmaker, said Monday it aims to sell 20,000 Sorento sport-utility vehicles in China this year as it seeks to win a bigger slice of the fast-growing SUV market here.The revamped Sorento, which is offered with either a 2.4-liter gasoline or 2.2-liter diesel engine, is produced at Kia's plant in South Korea and imported to China, the carmaker said in a statement.Kia, an affiliate of Hyundai Motor Co., began selling the revamped Sorento earlier in the
Jan. 12, 2015
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Hybrid car sales of Hyundai, Kia up nearly tenfold in 6 years
South Korea's top carmaker, Hyundai Motor Co., and its sister affiliate, Kia Motors Corp., saw sales of their hybrids grow nearly tenfold over the past six years, data showed Monday, as the firms continue to churn out various eco-friendly options for buyers.The two automakers sold a combined 62,648 units of their hybrid cars in their home market and in the United States last year, compared to the 6,312 units registered in 2009, according to industry data. Of the figure, 34,828 units were sold in
Jan. 12, 2015
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Hyundai, Kia see sales top 90m cars
South Korea’s top automaker Hyundai Motor and its sister affiliate Kia Motors have sold a combined 90 million cars since their beginnings 50 years ago, industry data showed Sunday.As of last year, the two sold a cumulative 89.9 million vehicles domestically and internationally, including cars made overseas, according to the data.That translates into about 167,000 cars sold every week on average. It also means the two firms most likely reached the 90 million milestone within this past week, accor
Jan. 11, 2015
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Auto exports dip for 2nd year in 2014
South Korea’s auto exports fell for the second straight year in 2014 due mainly to sluggish markets in Eastern Europe and Latin America, government data showed Sunday.Overseas shipments of vehicles stood at 3.06 million units last year, down 0.9 percent from the previous year, according to the data by the Ministry of Trade, Industry and Energy. The ministry attributed the decline to weak exports to Eastern Europe as well as South and Central America and the European Union.Shipments to Eastern Eu
Jan. 11, 2015