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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Is NewJeans headed for a long 'break'?
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S. Korea, Cambodia forge strategic partnership
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Police raid popera singer Kim Ho-joong's house over hit-and-run suspicions
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[KH Explains] Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
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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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[Graphic News] UK tops global chart for child alcohol use
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Imported car sales jump 30.4% on-year in March
Imported car sales in South Korea jumped 30.4 percent in March compared with the same period a year ago, helped by more aggressive marketing efforts, a local trade association said Friday.A total of 15,733 new foreign-made cars were sold in the one-month period, compared with 12,063 units a year earlier, the Korea Automobile Importers and Distributors Association said. Annual foreign car sales hit a record high of 156,497 units in 2013. The latest tally showed a 13.6 percent increase in car sale
April 4, 2014
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[Herald Interview] Ghosn puts RSM at frontline of global strategy
Carlos Ghosn, chairman and chief executive of the Renault-Nissan Alliance, said Wednesday at a press conference in Seoul that the group will actively support Renault Samsung Motor’s new vision for 2016.Ghosn said he believes RSM will head Renault Group’s current global strategy, “Renault ― Drive the Change,” and play a more vital role in the group’s future.As reflected in the chairman’s words, RSM displayed considerable commitment over the past two years with an intensive revival plan that event
April 2, 2014
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Ssangyong Motor's sales rise 23% in March
Ssangyong Motor, run by Indian sport utility vehicle maker Mahindra & Mahindra, said Tuesday that its sales soared 23 percent on-year in March on the back of rising demand for its popular Korando family of off-road vehicles.The carmaker's total sales hit 13,232 units in March, comparedwith 10,761 vehicles sold a year earlier. Domestic sales reached 5,850 units, a 18.8 percent increase from the same one-month period in 2013. Exports, including knockdown kits, were tallied at 7,382 vehicles, a 26.
April 2, 2014
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Toyota Korea unveils new Lexus CT200h
Toyota Korea, the local unit of Japan’s Toyota Motor Corp., aims to recapture the hearts of Koreans with its revamped Lexus lineup. And the carmaker’s latest offering is the Lexus CT200h, a compact luxury hybrid hatchback. The New CT200h will make its appearance in two trims ― the standard “Supreme” and the sports package “F SPORT,” according to the carmaker.The sporty exterior with a spindle grille, luxurious interior in diverse color variations and the brand’s first attempt at a two-tone desig
March 30, 2014
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Hyundai, Kia help partner companies hire workers
Hyundai and Kia, the country’s two largest carmakers, operating under Hyundai Motor Group, are out to help their suppliers hire personnel.On Tuesday, the two opened a job fair as part of their ongoing shared growth program to help partner companies hire up to 17,000 new workers this year.A total of 370 partner companies have set up booths at the two-day event being held at Coex in southern Seoul.This year’s fair is particularly significant because it includes businesses that also provide parts a
March 25, 2014
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[SUPER RICH] Shinsegae heir’s very public love affair with Tesla
When Shinsegae Group vice chairman Chung Yong-jin bought himself a Tesla Model S last year, it seemed to make perfect sense given the trendsetting image of the entrepreneur, who is known for his youthful fashion style and easygoing manner, and for tweeting his thoughts to consumers. Chung, son of Shinsegae chairwoman Lee Myung-hee and nephew of Samsung Group Chairman Lee Kun-hee, became the first individual to own a Tesla vehicle in Korea. Hyundai and Kia reportedly own two cars for research pur
March 24, 2014
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Eco-friendly cars top Hyundai’s sustainable growth plan for 2014
Development and mass production of eco-friendly cars topped Hyundai Motor Co.’s latest sustainable growth report released Tuesday, which highlights the carmaker’s goals for 2014.The annual report calls for the full-fledged market introduction of the world’s first mass-produced fuel cell electric vehicle and development of environmentally friendly, low-carbon emitting cars.South Korea’s largest carmaker is expected to lease its Tucson fuel cell cars in the United States this year after extensive
March 18, 2014
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BMW Motorrad unveils New R nineT
BMW Motorrad Korea, the motorcycle arm of BMW, launched Wednesday in Seoul its latest addition to the local lineup, the New R nineT.The timely release of the new motorbike may be interpreted as a strategic move to capitalize on the fast-growing domestic market.The R nineT draws inspiration from the R32, BMW Motorrad’s very first motorcycle, made in 1923.The R nineT has a 1,170 cubic-centimeter air-cooled boxer engine and integrates advanced modern technologies yet displays a retro design, creati
March 16, 2014
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Nissan, Daimler agree to create Mexican venture
Nissan Motor Co. and Daimler AG agreed to create a joint venture for cooperation efforts in their auto operations in Mexico, according to people familiar with the matter.The automakers will each control 50 percent of the venture, which would oversee potential projects, such as joint vehicle production, they said, asking not to be identified because the discussions are private. Talks on specific initiatives are still ongoing between the companies and the Mexican government, they added.Mercedes an
March 16, 2014
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GM ignition-flaw death toll seen rising as victims sought
The death toll related to an ignition flaw in eight small-car models that General Motors Co. sold a decade ago is likely to climb, say lawyers and safety advocates.Automakers often make upward revisions to fatality figures related to recalls as they unearth fresh information, while attorneys are racing to line up plaintiffs seeking compensation for alleged wrongful deaths or injury. GM’s liabilities are also poised to rise as lawyers and safety advocates press the biggest U.S. automaker to pay r
March 16, 2014
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E-car batteries contribute to China’s pollution woes
As more environmentally conscious Americans do their bit to help clear the air by paying up for an eco-friendly Prius or a sporty Tesla, a damaging form of polluted rain is falling in China.The link is graphite, a vital component in batteries used in Tesla’s Model S, Toyota’s plug-in Prius and other electric cars, as well as in electronic gadgets including iPhones. It’s mostly mined and processed in China, where graphite pollution has fouled air and water, damaged crops and raised health concern
March 16, 2014
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Carmakers at Jejudo expo upbeat about electric vehicle sales
JEJUDO ISLAND ― Jejudo Island has long been said to have too many rocks, too much wind and too many women. And now the resort island has another thing to brag about ― electric vehicles.There are some 371,000 vehicles on Jejudo’s roads. The local government aims to replace all of them with zero-emission, full-electric cars by 2030.Under the ambitious plan, the island is offering the world’s highest EV subsidies, worth 23 million won ($21,000) per purchase, and has set up a wide network of 497 cha
March 16, 2014
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[Weekender] Renault Samsung’s SM3 Z.E. leads market
Renault Samsung Motors’ endeavors to go electric appear to be paying off. The company now expects to sell more than 4,000 units of its representative electric car, the SM3 Z.E., this year. “Electric cars will be the engines of growth leading the green growth of Korea,” said Francois Provost, chief executive of the company at the announcement of its EV production in October 2013. According to the carmaker, a total of 453 units of the nation’s first full-electric subcompact car left showrooms in 2
March 14, 2014
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[Weekender] Kia Soul defends Korea’s pride in EV market
Kia Motors, an affiliate of Hyundai Motor, has debuted the full-electric version of its hot-selling Soul compact, joining the heated competition in the nation’s nascent EV market. Its Korean sales will start in April. The carmaker predicts that the Soul EV will go down in history as an important stepping stone for future development in the domestic market for electric cars, and eco-friendly vehicles in general.“The Soul EV is proudly Hyundai-Kia’s most recent masterpiece that integrates all of t
March 14, 2014
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[Weekender] BMW lays groundwork for luxury electric vehicles
BMW is determined to revolutionize the future of electric cars with the i3, its first fully electric vehicle, amid signs of a market boom in Korea and globally.The BMW i3 enters the scene at a crucial time for the auto industry.Market analysts predict that following the trends of diesel cars and hybrids, electric cars too will one day become more conventional.As a result, BMW joined the race and built the first electric car for a luxury auto brand ― its significance being that the i3 was not bui
March 14, 2014
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Hyundai Motor shareholders freeze exec pay, outline goals
Shareholders of Hyundai Motor Co., South Korea’s No. 1 carmaker, froze the annual salary of company board members and outside directors in a meeting Friday and approved more than 530 billion won ($494.73 million) in dividend payments for last year’s profits.The flagship company of Hyundai Motor Group, the world’s fifth-largest automotive conglomerate, said 1,499 shareholders attended the meeting at its headquarters in southern Seoul and passed a motion reappointing Chung Mong-koo as the company’
March 14, 2014
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Korea makes full-fledged foray into global EV market
South Korea and its leading companies are positioning themselves to compete in the steadily expanding global electric vehicle market, which promises to change the way cars are made and what people and governments need from their vehicles.The domestic unveiling of Kia Motors Corp.’s Soul EV earlier this week, which is competitively priced vis-a-vis its rivals, has better range and looks and drives like a normal combustion engine vehicle, can be seen as a sign that the country’s No. 2 carmaker is
March 13, 2014
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[Photo News] Ferrari 458 Speciale
March 13, 2014
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Hyundai Motor to sell heavy-duty trucks in China
Hyundai Motor Co., South Korea’s top carmaker, said Thursday it will start producing and selling heavy-duty trucks in China this year as it seeks further inroads in the world’s biggest auto market.Production of the Trago luxury cargo and dump trucks will begin as early as June at a new commercial vehicle plant in the Chinese city of Ziyuan, Sichuan province, a company official said.Hyundai and its local partner, China’s Sichuan Nanjun Automobile Co., launched a joint commercial vehicle venture i
March 13, 2014
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Porsche revs up Volkswagen earnings
German automaker Volkswagen is raising its dividend after turbocharged earnings from its Porsche luxury line offset a slip in revenues from mass-market cars.The automaker said Thursday that 2013 operating earnings, which don't count tax and one-time charges, rose slightly to 11.7 billion euros ($16.3 billion) from 11.5 billion euros last year. That was enough for it to raise the dividend to 4 euros per ordinary share, from 3.50 euros.Porsche, maker of the 911 sports car and Cayenne sport-utility
March 13, 2014