Most Popular
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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[KH Explains] Can tech firms' AI alliances take on Nvidia?
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Police seek arrest warrant for med student who killed girlfriend
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Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
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[Grace Kao, Meera Choi] Has money displaced romance on dates?
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Hyundai launches Aslan sedan
Hyundai Motor’s new sedan Aslan made its debut Thursday targeting the more affluent clientele on the Korean auto giant’s home turf, where premium German vehicles dominate the high-end segment. “We felt sore seeing our Sonata and Grandeur drivers choose German luxury brands as their next step-up cars,” said Hyundai Motor president Kim Choong-ho during a launch event held at the Dongdaemum Design Plaza in Seoul. “The Aslan is out to lure back the customers.” Hyundai Motor president Kim Choong-ho (
Oct. 30, 2014
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GM Korea to compensate Cruze owners for exaggerated fuel economy claims
GM Korea Co., the South Korean unit of U.S. auto giant General Motors Co., has outlined a plan to compensate owners of its Cruze compact for exaggerated fuel economy claims, the government said Wednesday. The transportation ministry said it recently received a plan from the country's third-largest original equipment manufacturer, stating that the combined mileage for the 1.8-liter version of the compact front-wheel drive car did not meet the stated 12.4 kilometers per liter of fuel. The Cru
Oct. 29, 2014
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Ssangyong X100 in final stages
PYEONGTAEK, Gyeonggi Province ― Excitement was clearly visible on the faces of employees working at the assembly lines of Ssangyong Motor’s production plant in Pyeongtaek, some 70 kilometers south of Seoul. This was because at one of the lines that are dedicated to the carmaker’s hot-selling Korando C sport-utility vehicle, test-production of the pilot models of the upcoming new compact SUV ― project name X100 ― is in full gear. After its stylish concept model was unveiled at the Paris motor sho
Oct. 29, 2014
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Foreign brands likely to claim 27% of car market by 2020
Foreign-brand cars will see their combined market share surge to 27 percent in Korea by 2020, Marketing Insight, an automotive market research firm, said Tuesday in a report. The report predicted that foreign brands would continue to expand their market share in the coming years to claim 20 percent by 2016 and 27 percent by 2020. “Considering the outlook is based on conservative conditions, it is also likely that the 27 percent market share could be reached earlier than expected,” the report add
Oct. 28, 2014
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Foreign carmakers bet big on building brand in Korea
Foreign carmakers, having enjoyed success in the South Korean market in recent years, are now pouring more resources into image building. Largely driven by German carmakers like BMW, Mercedes-Benz and Volkswagen, the import car market more than doubled to 156,497 vehicles over the past five years. In 2013, their sales cornered 12 percent of the market where the powerful Korean duo ― Hyundai Motor and Kia Motors ― dominate with almost 70 percent of car sales.Having extended dealership and after-s
Oct. 26, 2014
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Ghosn expects more recalls as carmakers fight for buyers
Consumers can expect more auto recalls as manufacturers work to keep customers happy and ensure minimal fuss over quality issues, says Carlos Ghosn, chief executive officer of Nissan Motor Co. and Renault SA.“Everybody is particularly focused on the fact that they are fighting so hard to get the consumer for their brand, so they don’t want to lose him for a quality problem,” Ghosn said in an interview in Shanghai. “What you are seeing today is a tendency from all carmakers to recall the cars eve
Oct. 26, 2014
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S. Korean tapped to head global car manufacturers organization
The head of South Korea's Korea Automobile Manufacturers Association (KAMA) was picked Thursday as the new chairman of an international body tasked with sharing of information among leading carmakers around the world. Kim Yong-geun was named to head the Paris-based International Organization of Motor Vehicle Manufacturers, better known by its French acronym OICA, at the group's latest roundtable general assembly underway in Seoul. He is the first South Korean national to take the post and wi
Oct. 23, 2014
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Carmakers wary of Korea’s sunroof safety investigation
Global carmakers may soon have to revise their sunroofs as related safety standards are expected to be toughened in the coming years following the South Korean government’s recent findings about ceramic coating weakening glass. According to the Ministry of Land, Infrastructure and Transport on Wednesday, a team of local researchers found last year that ceramic coating, which is widely used to reduce noise and store heat, can weaken the glass used for the sunroofs. The new findings came as consum
Oct. 22, 2014
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Kia holds largest-ever global dealers’ meeting in Seoul
Kia Motors is holding its largest-ever gathering of global dealers in Seoul this week, with more than 260 representatives from the carmaker’s global operations and dealers from 110 countries in attendance. The five-day event, which kicked off Monday and continues through Friday, consists of business meetings; test-drives of new models; visits to Kia’s R&D center and the Dangjin factory of Hyundai Steel, the steelmaking unit of Hyundai Motor Group; and cultural programs.A business conference will
Oct. 20, 2014
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Hyundai R&D Motor Show inspires suppliers, rivals
HWASEONG, Gyeonggi Province ― Nearly 100 vehicles were displayed last week at Hyundai Motor Group’s research and development center in Hwaseong, Gyeonggi Province. Along with the latest models of Hyundai Motor and its smaller affiliate Kia Motors, half the vehicles were carrying the badges of global carmakers like Volkswagen and BMW.The Korean auto giant purchases new cars on the market every year to take a closer look. Unlike its rivals, which usually commission a small group of R&D staff for a
Oct. 19, 2014
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Porsche Korea starts maintenance campaign
Porsche Korea will launch a maintenance service campaign for classic car owners to help enhance their Porsche experience, officials said Sunday. According to the Korean unit of the German sports carmaker, any Porsche models registered before 1999 and the 989 Boxster and the 996 (now the 911) cars are subject to the campaign ― the Best Ownership Experience ― that starts Monday and continues through Nov. 8. “The service is aimed to give drivers a chance to drive Porsches at their highest performan
Oct. 19, 2014
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Ferrari fans sue Facebook, carmaker
A Swiss father and his son who gained millions of Facebook followers through their Ferrari SpA fan pages sued the social media company and the carmaker claiming they teamed up to illegally seize control of the websites.The lawsuit filed in California state court follows earlier legal spats in Europe between Olivier and Sammy Wasem and the sports car company over their “Ferrari Fan Page” and a separate “Formula 1 Vision” page.“Ferrari wanted it,” the Wasems said in a complaint filed Oct. 14 in Sa
Oct. 19, 2014
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Volkswagen to recall 581,090 cars in China after probe
Volkswagen AG will recall about 1.02 million cars in China and the U.S. to fix possible defects related to the rear suspension.Europe’s largest automaker informed the National Highway Transport Safety Administration that 400,602 Jetta sedans built from 2011 to 2013 and 41,663 Beetle models produced from 2012 to 2013 will be checked, VW spokesman Pietro Zollino said by phone.“The axle is safe,” Zollino said. “The problem can only occur with cars that had some sort of accident like a collision bef
Oct. 19, 2014
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GM top lawyer to retire for slow recall
Michael Millikin, General Motors Co.’s top lawyer, will retire next year. The general counsel had been criticized after an investigation blamed his department for the company’s slow response to a fatal defect in small cars.The company will immediately begin an external search for someone to replace Millikin, who will stay through the transition to a successor. The 66-year-old joined the Detroit-based automaker in 1977 and was appointed general counsel in 2009.GM chief executive officer Mary Barr
Oct. 19, 2014
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GM Korea celebrates 12th anniversary
GM Korea, the local unit of the U.S.-based General Motors, on Friday celebrates its 12th year in Korea. According to officials on Thursday, the company’s president and CEO Sergio Rocha visited the carmaker’s operations nationwide in Bupyeong, Gunsan, Boryeong and Changwon to host celebrations with employees this month. During the visits, Rocha discussed the company’s achievements over the past 12 years and its current challenges and future business plans overall. He also encouraged employees to
Oct. 16, 2014
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Tesla falls after Musk fails to dazzle
Tesla Motors Inc. shares dropped to their lowest level in more than two months after last night’s unveiling of an all-wheel drive Model S and driver-assisting tools.Chief executive officer Elon Musk had created a buzz around the event by tweeting about it on Oct. 1. The debut of the newest Tesla electric car went “largely as expected,” and that could potentially “take some wind out of the sails” of the more bullish investors, Bank of America wrote. The updates in part show that Tesla is playing
Oct. 12, 2014
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Lexus NX 300h offers eco-friendly ride
The Lexus NX 300h, the first-ever compact sports utility vehicle by Toyota’s premium brand, is the latest object of desire among motor enthusiasts. Launched on Oct. 6, the hybrid vehicle has an “aggressive” exterior, according to Lexus International chief designer Kato Takeaki. It boasts a kick-down feature mimicking a regular automatic transmission whenever the driver accelerates briskly. The price, ranging from 56.8 million won ($53,000) to 63.8 million won, may be an advantage for those seeki
Oct. 12, 2014
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Hyundai outpaces Porsche, Audi in brand value index
Hyundai Motor succeeded for the first time in joining the top 40 global brands as ranked by Interbrand, a leading global brand consultancy, on Thursday. The Korean carmaker ranked 40th in the latest Best Global Brand report by Interbrand, which identifies and examines the 100 most valuable global brands every year. Last year, Hyundai ranked 43rd. Its smaller affiliate Kia Motors also saw its ranking rise nine notches to 74th place this year. In 2005, Hyundai became the first Korean carmaker to b
Oct. 9, 2014
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Korean partners vital: BMW
YEONGJONGDO ISLAND, Incheon ― BMW Group on Tuesday pledged to enhance its partnerships with Korean stakeholder groups in creating a whole new ecosystem for its i Series cars and promoting the nascent electric vehicle market in general. The comments came during an e-mobility forum the German luxury carmaker held at its new driving center on Yeongjongdo Island in Incheon, with hundreds of government and industry people in attendance. The Korean event was noteworthy as BMW invited university studen
Oct. 7, 2014
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LF Sonata plug-in ‘almost indigenous’
Hyundai Motor Group vice chairman Yang Woong-chul on Tuesday said the carmaker’s up-and-coming LF Sonata plug-in hybrid electric vehicles will be released next year as scheduled, and that they would be reasonably priced as all the major parts were made at home. “We are in no hurry because we are confident of our technology. Nearly all parts, including the motor, inverter and batteries, will be made here. And this will allow us to have a high competitive edge in price,” Yang told reporters at the
Oct. 7, 2014