Most Popular
-
1
Controversy rekindled over when to name criminals, suspects
-
2
Seoul transit pass for travelers to be available starting July
-
3
Hybe-Ador CEO conflict gets messier
-
4
Battery makers ramp up efforts to diversify graphite supply chain
-
5
Prosecutors to summon pastor who allegedly gave Dior bag to first lady
-
6
‘Monk’ DJ spreading Buddhism goes global
-
7
[LLG] Unseen inheritance: Trauma of transnational adoption 'trickles down' to adoptees' children
-
8
Court's ruling set to shape path of medical school expansion
-
9
[KH Explains] Hyundai Motor’s plan for new landmark keeps hitting bumps
-
10
Loans of self-employed swell 50% in four years
-
Hyundai merges units as succession looms
Hyundai Motor Group is speeding up efforts to restructure its businesses in a move that could pave the way for the much-anticipated power succession from chairman Chung Mong-koo to his only son, Hyundai Motor vice chairman Eui-sun. In a regulatory filing Tuesday, Hyundai Wia, an auto parts affiliate of the Korean auto giant, said it would be merging with two other parts makers, Hyundai Wisco and Hyundai Metia, as of Nov. 1.The company explained that the merger was part of its parent group’s larg
Aug. 20, 2014
-
Kia bets big on Sorento to revitalize flagging sales
Kia Motors on Tuesday unveiled a fully altered version of its flagship sport utility vehicle, the Sorento, with which the carmaker hopes to revive its recent sluggish sales in South Korea.The country’s second-largest automaker offered a sneak peek of the All New Sorento, ahead of its official launch next week, at the carmaker’s new global quality control center in Hwaseong, Gyeonggi Province. “We have poured all of our resources into (making) a globally competitive SUV,” said In Chi-wang, execut
Aug. 19, 2014
-
Macan expands Porsche appeal
After its successful experiment with its first sport utility vehicle Cayenne, German sports carmaker Porsche has come up with a smaller SUV, the Macan, to win over new customers. Despite the earlier skepticism enshrouding the Cayenne’s debut in 2003 that the SUV could water down its brand image, the car has driven up Porsche’s sales by 80 percent. Now half of Porsches sold globally are Cayennes.Aimed at reviving the success story and joining the already crowded luxury crossover segment, Porsche
Aug. 17, 2014
-
New Audi A8 enjoys strong sales
German carmaker Audi’s flagship sedan, the Audi A8, has been going strong in the market. Armed with cutting-edge technology and an enhanced sporty design, the A8 has sold more than 150 units since its July 3 launch, Audi Korea said. “The New Audi A8 actively lays out Audi’s key spirit of design, traffic comfort and drivers’ convenience,” Johannes Thammer, managing director of Audi Korea, told Korean press at the vehicle’s launch. Under Audi’s slogan “Advancement through Technology,” the new Audi
Aug. 17, 2014
-
Chrysler 300C offers bold luxury
Since its debut in 2004, the Chrysler 300C has represented a sense of power and refinement as the U.S. carmaker’s flagship luxury sedan.The roomy and luxurious large sedan, named the “top safety pick” by the U.S. Insurance Institute for Highway Safety, is one of Chrysler’s top-selling models. In Korea, its sales have exceeded the 10,000 mark. In the first seven months this year, it has sold 498 vehicles here. The 300C is a large five-passenger sedan with rear-wheel or all-wheel drive. Two engine
Aug. 17, 2014
-
Hyundai braces for 3rd straight year of strikes
Hyundai Motor Co. workers endorsed a possible strike over wage demands for a third straight year, threatening output at South Korea’s largest automaker.Almost 70 percent of Hyundai’s 47,000 labor-guild members voted in favor of authorizing union leader Lee Kyung-hoon to call for a walkout, Hwang Ki Tae, a union spokesman, said in a text message. The strike may begin as soon as Aug. 18, Lee said at a press conference on July 30.While Hyundai is used to stoppages ― workers struck in 22 of the last
Aug. 17, 2014
-
Ministries agree to delay vehicle emission taxes
The South Korean government has decided to delay the implementation of a cooperation fund for low-carbon cars by up to five years in order to reduce the burden on local carmakers, according to government sources on Thursday. The fund had initially been slated to go into effect on Jan. 1, 2015. Deputy Prime Minister and Minister of Strategy and Finance Choi Kyung-hwan made the decision following a closed door meeting with the Minister of Trade, Industry and Energy and the Minister of Environment
Aug. 14, 2014
-
Pope picks Kia Soul as Korea limo
Pope Francis, known for his sincerity and frugality, has picked Kia Motors’ Soul compact car as his limo throughout his planned five-day visit to South Korea from Thursday.According to the preparatory committee on Wednesday, the head of the Roman Catholic Church initially asked to ride in the “smallest car in Korea” during his first papal trip to Asia. Upon his request, several compacts such as Kia Motors’ Morning and Ray and GM Korea’s Chevrolet Spark were cited as possible candidates for the P
Aug. 13, 2014
-
GS Caltex, U.S. carmaker discuss carbon fiber deal
GS Caltex, South Korea’s second-largest oil refiner, said Wednesday that it was in talks with a U.S.-based electric car maker to supply its precompounded carbon long-fiber-reinforced thermoplastic, or CLFT, which has been gaining rapid popularity as a substitute for steel. “A team of officials will visit the United States at the end of this month to discuss the use of CLFT in the carmaker’s electric models,” said a GS Caltex spokesman, declining to name the U.S. company.GS Caltex said that it se
Aug. 13, 2014
-
Hyundai to pay out W56b for mileage exaggerations
Hyundai Motor said Tuesday it would soon implement measures to compensate consumers for overstating the fuel economy ratings of its Santa Fe sport utility vehicle.Succumbing to increasing government pressure, Korea’s biggest carmaker said it has earmarked about 56 billion won ($54.5 million) to reimburse owners of some 140,000 affected vehicles. It will pay up to 400,000 won per car, after considering the extra fuel costs consumers have paid for five years, officials said.“Regardless of a discre
Aug. 12, 2014
-
Nissan Rogue production hit hard by strikes in Busan
The Korean production of the Nissan Rogue at Renault Samsung Motors’ Busan plant is expected to be hit hard by the labor union’s partial strikes that started last week. “Even now Nissan is idling some Japanese plants. If the Korean situation gets worse, there would be no reason for the carmaker to continue to make cars in Korea,” said a Renault Samsung official on condition of anonymity. According to the Korean unit of the French auto giant Renault Group, the carmaker started rolling out the Rog
Aug. 11, 2014
-
Hyundai, Ssangyong urged to compensate drivers for fuel economy errors
Hyundai Motor and Ssangyong Motor are coming under increasing pressure from the Korean government to compensate consumers for reporting inaccurate fuel mileage figures for their sport utility vehicles.The Ministry of Land, Infrastructure and Transport last month reportedly sent official documents to the two carmakers, asking them to acknowledge their false gas mileage claims and implement follow-up measures as soon as possible. In June, the ministry’s fuel economy tests showed that Hyundai’s San
Aug. 10, 2014
-
Han Sung Motor expands CSR
Han Sung Motor, Mercedes-Benz’s largest official dealer in South Korea, recently held a three-day art camp for young students as part of its corporate social responsibility program, Dream Gream (Picture) Project.Celebrating its third anniversary this year, the program aims to help students develop their artistic talents, especially those from underprivileged families. In addition to providing financial support for art classes, all 20 students will be given the opportunity to participate in diver
Aug. 10, 2014
-
Jaguar Land Rover bolsters service networks
Jaguar Land Rover, one of the fastest-growing foreign carmakers in Korea, is ramping up efforts to expand its service networks and investments in the market to win the hearts of luxury drivers in South Korea. In the first half of this year, the British premium brand posted a staggering 32 percent growth in Korean sales from a year ago. Its two brands ― Jaguar and Land Rover ― sold 1,045 and 1,904 vehicles, respectively, during the same period. Buoyed by strong growth in recent years, the Korean
Aug. 10, 2014
-
Lexus sees $375,000 LFA supercar return after generation
Long live the Lexus supercar.Toyota Motor Corp.’s Lexus, which ended a two-year production run of the $375,000 LFA in 2012 after manufacturing 500 units, may build a successor to the 552-horsepower car, executive vice president Mark Templin told reporters Friday. The long-term plan has President Akio Toyoda’s backing, he said.“Akio believes that every generation deserves to have a car like an LFA, so we’re building an LFA for the generation we have today,” Templin said in Kyushu, Japan, before a
Aug. 10, 2014
-
China auto sales cool further in July
China’s auto sales decelerated further in July while global automakers continued to mop up the market share of local brands, industry figures showed Friday. Sales rose 9.7 percent to 1.3 million vehicles, according to the China Association of Automobile Manufacturers. That was down from June’s 11.5 percent growth and May’s 13.9 percent. Total vehicle sales in the world’s biggest auto market rose 6.7 percent over a year earlier to 1.6 million vehicles.Global automakers see China as crucial to the
Aug. 10, 2014
-
Hyundai Motor fined $17m in U.S. for delaying recall
Hyundai Motor was fined $17.35 million in the United States for delaying the recall for its Genesis models in the market.According to the U.S. National Highway Traffic Safety Administration, the Korean carmaker delayed the recall on 43,500 Genesis sedans from the model years 2009-2012 for a brake defect that can corrode the braking system. Hyundai Motor knew about the potential problem in 2012, but issued a recall in October 2013 after the government opened an investigation into the matter, the
Aug. 8, 2014
-
Hyundai chairman emphasizes quality control at U.S. plants
Hyundai Motor Group chairman Chung Mong-koo stressed quality control at the carmaker’s U.S. production plants, urging efforts to make Hyundai and Kia the most beloved auto brands in the market within the next 10 years. On his first business trip to the United States this year, the chairman this week visited the local production plants of Hyundai Motor and its affiliate Kia Motors, located in Alabama and Georgia, respectively.“Our success story in the U.S. market started at this Alabama plant whe
Aug. 7, 2014
-
Hyundai Motor chairman urges readiness for volatile currency
Hyundai Motor Group chairman Chung Mong-koo, who is visiting the carmaker’s U.S. operations this week, stressed readiness for currency fluctuations, especially the weakening Japanese currency.Taking advantage of the weaker yen, Japanese carmakers like Toyota and Honda are upping their offensive in the U.S. market. Their generous cash incentives, however, are taking a direct toll on the Korean auto giant. “We will not follow in the footsteps of our rivals (in offering more discounts),” he said du
Aug. 6, 2014
-
Hyundai Motor chairman heads to U.S.
Hyundai Motor Group chairman Chung Mong-koo on Tuesday left for the United States, where the Korean auto giant recalled more than 1.3 million vehicles last week. According to the Seoul head office, Chung was scheduled to visit the carmaker’s U.S. headquarters in California to be briefed on sales and marketing situations there. He was also planned to look around the production plants of Hyundai Motor and its affiliate Kia Motors, located in Alabama and Georgia, respectively, officials said.The ch
Aug. 5, 2014