As part of its PBV strategy, Kia said in March that it will produce the 1-liter Ray mini car and the Niro hybrid model for delivery or taxi purposes. The new production lineup in Hwaseong will commercialize a mid-sized vehicle built on PBV platform called eS, instead, in 2025. The construction of Kia’s PBV plant spanning over 20,000 square meters of land will kick off in the first half of 2023....

Consumer criticisms are mounting as the country’s finished carmakers are unable to meet the delivery deadline due to ongoing supply shortages globally, as well as obligating customers to pay more to get the latest edition models. As carmakers like Hyundai Motor stops manufacturing the older version of vehicle when they release the new edition in the new year, customers having to wait more than a...

Hyundai Motor Group on Sunday unveiled its latest mobility concept inspired by the Korean traditional floor heating system “ondol” that allows passengers to take rest inside or even sleep with a specially designed multifunctional blanket. According to the carmaker, its new mobility concept, Mobility Ondol, has no driver’s seat, since it was designed based on the fully autonomous driving system. ...

Following the government’s eased rules on COVID-19 testing for travelers, air carriers are bracing for the summer holiday season as they reopen suspended international routes and refurbish cargo planes to carry passengers. On Sunday, the country’s largest flag carrier Korean Air announced that it is adding more than 30 flights per week to Europe and US routes from next month. The number of flig...

In a similar context, the RDA formed a partnership in 2020 with the National Fire Agency to offer care farming programs for firefighters, starting with officers stationed in the Daejeon area. A group of 30 officers gardened at a farm by planting herbs and vegetables and making organic air fresheners using flowers. After analyzing the brainwaves of the participating officers, their cortisol conce...

Chinese automotive manufacturer Geely Auto of Zhejiang Geely Holding Group is acquiring a 34.02 percent stake in Renault Korea Motors, as part of a strategic effort to establish a foothold in the local market for expanding its overseas presence, according to experts. Hangzhou-based Geely Automobile Holdings is China’s largest privately-owned automotive group. With an above-30 percent share in th...

Hyundai Motor Group will construct a liquefied natural gas (LNG) cogeneration facility inside its automotive manufacturing plant in Ulsan to secure a stable power supply while reducing energy consumption and greenhouse gas emissions. According to the carmaker on Monday, it plans to digest over 70 percent of annual electricity used at the country’s largest automotive plant through the new LNG pow...

Hyundai Motor Group said Friday its future mobility unit, called Hyundai New Horizons Studio, has opened a new research center in Bozeman, Montana. With about 25 billion won ($20 million) being invested, the center will serve as the unit’s headquarters and oversee the development of “Ultimate Mobility Vehicles” or UMV for the South Korean auto giant’s futuristic push. Hyundai New Horizons Studi...

SK Group’s telecom carrier SK Telecom and investment unit SK Square are investing 50 billion won ($39 million) in game maker Haegin to strengthen its competitiveness in the AI and metaverse service, companies said Friday. With each contributing 25 billion won, the two ICT subsidiaries of SK Group will step up as the third largest shareholder of Haegin. Haegin, a games company established in 201...

James Kim, chairman and CEO of the American Chamber of Commerce in Korea, shared his insight into doing business in the US at the Global Business Forum, highlighting the need to understand the two countries’ different dynamics. The forum was hosted by The Korea Herald on Wednesday in Seoul. In his special lecture, titled “Act to Win: How to Connect Korea and the US,” he said Korean companies sho...

“UAM will become a concept of mobility that’s not just used for long-distance travel or business trips between the cities, but simply a means of transportation for a daytrip to cities within 300 miles (480 kilometers) -- UAM will help expand the definition of people’s idea of a daytrip,” said Lee. Aiming at releasing smaller-sized cargo delivery aircraft by 2024 and passenger-carrying UAM by 202...

HDC Group Chairman Chung Mong-gyu said Wednesday that HDC Hyundai Development Co. would demolish and rebuild an apartment complex in Gwangju that claimed nine lives in January from a fatal collapse caused by loose safety. “Following the request of residents who were expected to move in to the apartment complex in Gwangju, HDC Hyundai Development Co. decided to entirely demolish all of eight buil...

The president of South Korean flag carrier Korean Air on Tuesday called for lifting rules that obligate passengers to submit PCR test results before departure and on arrival here. Referring to other countries that have entirely scrapped COVID testing for travelers from April, Woo Ki-hong, the president of Korea Air, said the South Korean government has hampered local air carriers’ efforts in res...

South Korea’s used car market, which has long been dominated by brick-and-mortar dealers, is bracing for a major change after large companies, especially carmakers with extensive sales networks and quality control systems, have gotten the green light to enter the market starting next year. Industry watchers are pinning high hopes on the fresh entry of large companies -- the outcome of a 10-year ...