Most Popular
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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S. Korean children, teens grow taller, mature faster than before: study
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Army takes group action against Hybe for neglecting BTS
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Some junior doctors are returning: Health Ministry
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Debate rages over ‘overly fatty’ samgyeopsal
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Naver will consider company benefits in deciding on selling Line shares: CEO
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[Weekender] Korean psyche untangled: Musok
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Woman dangling from power lines rescued by residents holding blanket
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Global shipbuilding orders at historic low in H1
Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs), or a total of 269 ships, according to data provided by global market researcher Clarkson Research Service. The tally marks the lowest since 1996, when the market tracker began to compile related data, and a 42 percent drop from the previous y
July 7, 2020
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Hyundai Motor to mass-produce hydrogen-powered electric trucks
Hyundai Motor Group said Monday it has begun mass-producing hydrogen-powered electric trucks and has sent a batch of shipments -- first in the world -- to Switzerland from Gwangyang Port, South Jeolla Province. Global automakers have produced prototypes or concept models of hydrogen-powered trucks, but Hyundai Motor is the first to mass-produce them. South Korea’s leading automaker said it will expand the application of hydrogen fuel cell technology to commercial vehicles and ceme
July 6, 2020
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New Audi A4 picked as car of month: KAJA
The Korea Automobile Journalists Association said Monday that it has selected German carmaker Audi’s luxury sedan the New Audi A4 as its car of the month. Every month, the association selects its best model among new vehicles and face-lifted versions that were launched within the past month, based on five criteria including exterior, interior design, practicality, safety and comfort features, product marketability and purchasing intent. For July, the Lexus UX F Sport, which was la
July 6, 2020
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Transport Minister meets HDC, Aekyung Group, Eastar Jet execs to urge M&A deal
Transport Minister Kim Hyun-mi met with executives of HDC Group, Aekyung Group and Eastar Jet on Friday to urge their air carrier merger deals, according to the Ministry of Land, Infrastructure and Transport. Kim reportedly had discussions with HDC Group Chairman Chung Mong-kyu, Aekyung Group Vice Chairman Chae Hyung-seok and former Eastar Jet Group Chairman Lee Sang-jik and was briefed on the status of the respective merger deals. HDC Group, which owns midsized builder HDC Hyundai Deve
July 3, 2020
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Russia approves HDC’s Asiana takeover, final stage for merger deal cleared: HDC
South Korean midsized builder HDC Hyundai Development Co. said Friday that it has received approval from Russian aviation authorities for HDC’s planned takeover of flag carrier Asiana Airlines, but added that renegotiation of the acquisition terms is still underway. Regarding the merger deal involving the air carrier, HDC had to receive approval from six of the nations that Asiana flies to as a prerequisite. HDC had planned to complete the deal by the end of April after regulators
July 3, 2020
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Exodus of Korean conglomerates’ overseas branches in Hong Kong possible: report
Amid the aggravating political sentiment between US and China over the imposition of Hong Kong‘s security law, South Korean conglomerates with overseas branches in Hong Kong can possibly seek to relocate their offices to different cities, a report said Friday. On Thursday, US lawmakers unanimously approved new Hong Kong-related sanctions that would penalize banks which do business with Chinese officials, after the Chinese government imposed a security law that has been widely conde
July 3, 2020
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Imported car sales jump 41% in June despite pandemic
Sales of imported vehicles in South Korea jumped 41 percent in June from a year earlier on tax cuts and new models, an industry association said Friday. The number of newly registered foreign vehicles rose to 27,350 units last month from 19,386 a year earlier, the Korea Automobile Importers & Distributors Association (KAIDA) said in a statement. "A reduction in individual consumption taxes and new model launches particularly by Audi Volkswagen Korea helped buoy the monthly sales,&quo
July 3, 2020
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[Behind the Wheel] Porsche offers fun and comfort with Cayenne Coupe
It’s been 18 years since Porsche released the Cayenne, its first sport utility vehicle, but skeptics still questioning the vehicle’s “Porsche DNA.” Undeterred, the carmaker has continued to bolster its SUV lineup, and sales show Porsche’s decision was right. Its SUV sales now double those of smaller sports cars in some markets, including the US. In Korea, the Cayenne is attributed as having set the pace for the popularity of premium SUVs. This year, the carma
July 2, 2020
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Hyundai, Kia's US sales drop 19% in June amid pandemic
Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday their sales in the United States fell 19 percent in June from a year earlier as the new coronavirus continued to affect vehicle sales. Hyundai, Hyundai's independent Genesis brand and Kia sold a combined 99,434 vehicles in the US market last month, down from 122,890 units a year ago, according to the companies' sales data. The carmakers had planned to focus on boosting sales in the world's most important automobile market thi
July 2, 2020
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Jeju Air's Eastar takeover on brink of collapse amid pandemic
Jeju Air's Eastar takeover on brink of collapse amid pandemic Jeju Air Co.'s planned takeover of smaller budget carrier Eastar Jet Co. appears to be on the brink of falling through as Jeju Air asked Eastar Jet to settle all of its debts by mid-July to proceed with the deal. In March, Jeju Air signed a deal to acquire a controlling 51.17 percent stake in Eastar Jet from Eastar Holdings for 54.5 billion won as part of its expansion strategy despite the new coronavirus' growing impact on the air
July 2, 2020
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Hyundai Motor rolls out truck-based camping car
Hyundai Motor announced Thursday the launch of a small-sized truck Porter 2-based camping car Porest, which can fit up to four adults. Porest -- a combination of “Porter” and “rest” -- was developed under the concept of moving house and will be launched next week here. Amid increasing consumer demand for camping cars, the automaker said it has focused on making Porest’s interior space practical. According to government data, the number of registered
July 2, 2020
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Hyundai Glovis clinches exclusive deal transporting Volkswagen cars
Hyundai Glovis, a logistics unit of Hyundai Motor Group, said Thursday that it has clinched an exclusive five-year contract with Volkswagen Konzernlogistik, which deals in the logistics of European carmaker Volkswagen Group, for transporting their cars from Europe to China. Volkswagen Konzernlogistik is based in Wolfsburg, Germany, and controls logistics, production and sales of vehicles from Volkswagen Group’s 12 finished car brands such as Volkswagen, Audi, Porsche and Bentley.&n
July 2, 2020
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Hyundai Mobis invests W25b in US tech funds for future mobility
South Korea’s Hyundai Mobis said Thursday it has injected 25 billion won ($20 million) in Silicon Valley tech funds ACVC Partners and MOTUS Ventures, as part of its move to secure future mobility technology and next-generation business opportunities. ACVC Partners and MOTUS Ventures have been actively discovering and supporting startups which focus on developing future mobility core technologies, including next-generation sensors, biometrics and robotics. Hyundai Motor Group
July 2, 2020
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GM Korea to invest $667m as planned amid virus woes
GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will invest 800 billion won ($667 million) as planned in the coming years, despite the new coronavirus outbreak. GM Korea President and CEO Kaher Kazem reaffirmed the company's commitment during his visit to the company's plant in the southern industrial city of Changwon on Wednesday. The Detroit carmaker has three Korean plants -- two in Bupyeong and one in Changwon -- whose combined output capacity reaches 630,000 u
July 2, 2020
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Han Sung Motor launches AMG Playground club for Mercedes-AMG owners
Han Sung Motor, an official dealer of Mercedes-Benz in Korea, said Wednesday it has launched the AMG Playground membership club for its customers, offering opportunities for activities and networking among Mercedes-AMG owners. AMG Playground has invited new owners of Mercedes-AMG vehicles to join the club. Those who purchased more than two Mercedes-AMG vehicles at Han Sung Motor since 2017 or those who have purchased a vehicle in the Mercedes-AMG GT lineup will be categorized as AMG Mani
July 1, 2020
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Audi’s first electric SUV e-tron 55 quattro lands in Korea
Audi Korea said Wednesday the brand’s first electric-powered sport utility vehicle Audi e-tron 55 quattro has been launched in Korea. Audi e-tron 55 quattro had its world premiere in San Francisco in 2018. Sales began in Europe in March last year. As the brand’s very first all-electric SUV, the automaker said it focused on the vehicle’s power and high-efficient energy recovery function that works through two electric motors. Audi e-tron 55 quattro exerts a m
July 1, 2020
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Auto sales fall 22% in H1 amid pandemic
South Korea's vehicle sales fell 22 percent in the January-June period from a year earlier, as the new coronavirus outbreak continued to affect the automobile industry, industry data showed Wednesday. The five carmakers in South Korea -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. -- sold a combined 3,033,798 vehicles in the first half, down from 3,866,229 units a year ago, according to data from the companies. Hyundai Motor and Kia
July 1, 2020
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HMM holds naming ceremony for HMM Hamburg
HMM said Wednesday it held a naming ceremony for the world’s largest container ship HMM Hamburg. It is the fifth of the seven ships that HMM ordered from Daewoo Shipbuilding & Marine Engineering. The South Korean shipping firm is slated to receive a total of 12 24,000 TEU-class ships -- seven from DSME and five from Samsung Heavy Industries -- by September this year. Among the 12 ships, six vessels have already been deployed on European routes so far, including HMM Algeciras, which
July 1, 2020
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Seoul opens world's 1st hydrogen mobility show
South Korea on Wednesday opened the world's first hydrogen mobility show as it pushes to become a leader in hydrogen vehicles and other related industries. More than 100 companies and research institutions of 11 countries participated in the H2 Mobility+Energy Show at an exhibition center in Ilsan, just north of Seoul, to discuss ways to spread hydrogen energy and seek hydrogen-related business opportunities, according to the Korea Automobile Manufacturers Association, which hosted the hydroge
July 1, 2020
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Hyundai Motor rolls out larger, smarter Santa Fe
Hyundai Motor on Tuesday rolled out a face-lifted version of its signature midsized sport utility vehicle Santa Fe, which has been built on a new platform. The new Santa Fe is a refreshed version of the fourth-generation model that was launched in 2018. The model has gone through drastic exterior and interior design changes, including the T-shape Daytime Running Light and a wide radiator grille which has been designed under a concept “Eagle’s eye,” according to the aut
June 30, 2020