Most Popular
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Controversial US YouTuber faces travel ban, police investigation
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Pyongyang to bolster readiness against nuclear retaliation: Choe
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SK Innovation becomes Asia-Pacific's largest energy firm after merger
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Korean serial killer 'haunted by victims' ghosts' in prison, TV show reveals
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Yoon's approval rating falls to 19%, all-time low: survey
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No typhoons recorded in S. Korea for the first time in 7 years
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[Robert Fouser] Accepting migrants in South Korea
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Samsung CEO calls for unrivaled technological leadership
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Allies say 1953 mutual defense treaty extends to cyber, space threats
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Babymonster showcases YG-style hip hop with 1st LP ‘Drip’
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Kia Motors marks construction of new facility in Mexico
South Korea's No. 2 automaker Kia Motors Corp. marked the construction of its new production facility in Mexico Thursday, saying it will serve as a forward base for its advance into North and South American markets.A ceremony was also held in Mexico on Wednesday (Mexico time) with some 500 company and local government officials taking part, including Chung Mong-koo, chairman of Hyundai Motor Group, the parent company of Kia Motors and its bigger affiliate Hyundai Motor Co."The Mexico plant will
Sept. 8, 2016
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Workers, management at Hyundai Motor fail to iron out differences in wage talks
Workers and management of Hyundai Motor Co., South Korea's leading automaker, failed to iron out their differences at their latest round of wage negotiations, union and company officials said Wednesday. Representatives of the two sides held their 23rd round of wage talks for this year on Wednesday in this southeastern city where its main plant is located but failed to find common ground, according to the officials.They are expected to resume talks after the Chuseok holiday that ends Sept. 18, ob
Sept. 8, 2016
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Hyundai rolls out new hot hatch i30
South Korea’s largest automaker Hyundai Motor unveiled its new hatchback i30 on Wednesday with the aim of selling 15,000 units in the local market this year. Hyundai Motor also launched its new hot hatch i30 in Europe on the same day, as it has done in the last five years since the Frankfurt Motor Show in 2011.The new hatchback, whose design and driving performance has been upgraded, comes with three engine options: a 1.4-liter turbocharged petrol engine, a 1.6-liter turbocharged petrol engine a
Sept. 7, 2016
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GM Korea strikes tentative deal on wage hike
GM Korea Co., the South Korean unit of US automaker General Motors Co., said Wednesday that it has reached a tentative agreement with labor union leaders on their pay increase this year.The agreement will soon be put to a vote by unionized workers, with the exact date of the vote expected to be decided later in the day, company officials said.The agreement follows 30 long rounds of negotiations that began late April, as well as partial walkouts since mid-August.The company did not disclose the d
Sept. 7, 2016
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Electric charging point at gas station starts operation in Jeju
An electric car charging facility installed at a gas station started operation on Wednesday for the first time in South Korea as part of the government's efforts to expand the use of the green energy vehicles, the trade ministry said.Recently, the South Korean government revised related laws to allow filling station operators to set up an electric vehicle charger without the need to install explosion prevention facilities, according to the Ministry of Trade, Industry and Energy.A filling station
Sept. 7, 2016
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[Photo News] Hyundai Chief visits US design center
Hyundai Motor Group Chairman Chung Mong-koo (right) talks with Tom Kearns, chief designer of Kia Motors’ design center in California, during his visit to the US on Monday. (Hyundai Motor)
Sept. 6, 2016
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Import vehicle sales plunge 12.5%on-year in Aug.
Sales of imported vehicles in South Korea dropped sharply from a year earlier in August, industry data showed Tuesday, following the government ban on sales of 80 Audi and Volkswagen vehicle models in the worst emissions scandal in the country's history.According to the data compiled by the Korea Automobile Importers and Distributors Association, 15,932 imported cars were registered here in August, down 12.5 percent from the same month last year.From a month earlier, the August tally marked a 1.
Sept. 6, 2016
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Hyundai Motor chairman urges development of luxury, clean vehicles
The chief of South Korea's top automaker Hyundai Motor Group on Monday called for stepped-up efforts to develop new luxury and environmentally friendly cars to meet future demands, saying the future is already here.Group Chairman Chung Mong-koo also stressed the importance of the US market as he headed to the world's second-largest auto market."Good performance in the US, the fiercest battleground for global carmakers, is very important. But what is more important are the changes the auto indust
Sept. 5, 2016
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Nissan to recall 7,500 cars sold in Korea
Nissan Korea Co., the South Korean importer of Nissan cars, will recall over 7,500 vehicles sold here for a software defect that may lead to air bag failures, the transportation ministry said Monday.The recall affects 7,574 units of four vehicles models -- the Nissan Q50 sedan, the QX60 crossover SUV, the Nissan Pathfinder SUV and the Nissan Leaf compact hatchback -- according to the Ministry of Land, Infrastructure and Transport.The ministry said a defect in the cars' occupant classification sy
Sept. 5, 2016
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Korea's auto sales hit 7-yr low in Aug.
Sales of South Korea-based carmakers dropped to a seven-year low last month, industry data showed Sunday, mainly on the back of a series of labor strikes and the end of tax favors for new vehicle purchases.According to the data from the Korea Automobile Manufacturers Association, domestic sales of locally produced vehicles came to 108,617 units, with 142,987 units being sold abroad in August.This brings the total to 251,604, excluding those produced in overseas factories, the monthly data showed
Sept. 4, 2016
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Will Korean battery makers’ struggle in China affect Hyundai?
South Korea’s largest automotive maker Hyundai Motor may face a setback in China with its new plug-in hybrid cars as the issue surrounding battery certification remains unclear. Samsung SDI and LG Chem, which supply car batteries to Hyundai and Kia Motors, have failed to win certifications in June and are yet to resubmit the applications. If they fail to get their batteries certified in China, Hyundai Motor and its affiliate Kia Motors’ new plug-in hybrid cars may not receive subsidies up to $26
Sept. 2, 2016
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Tesla to accelerate charging infratructure with Shinsegae
Tesla announced Thursday that it would open a retail location in the nation‘s largest shopping mall later this year.The American automotive company said the first store would be located in Shinsegae Group’s Starfield Hanam mall in Gyeonggi Province and more shops were expected to open in 2017 and 2018 in other Shinsegae locations. AP-YonhapTesla plans to expand partnerships with the retail giant to accelerate its charging infrastructure. “Shinsegae will support the rapid deployment of the Tesla
Sept. 1, 2016
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Will LG Chem supply battery for BMW’s hybrids?
[THE INVESTOR] Battery firm LG Chem has reportedly inked a supply deal with German luxury sedan maker BMW. The deal is reportedly the second of its kind with the German firm, following the previous one in the latter half in 2015.“LG Chem has stricken a deal to supply its 48-volt lithium-ion battery to BMW with the aim to produce the battery from 2019,” an industry official was quoted by online news outlet News 1 as saying.“I cannot unveil the exact amount, but the deal will be worth, as far as I
Sept. 1, 2016
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Renault Samsung to export new SUV to Latin America this year
Renault Samsung Motors Co., the local unit of French automaker Renault S.A., plans to ship its new sports utility vehicle to Latin America and Australia this year, and to Europe next year, company officials said Monday.Renault Samsung is set to sell the QM6 SUV, a new version of its QM5 SUV, in the country next month, with preorders for the vehicle topping 2,000 units a day. (Renault Samsung Motors)Renault Samsung unveiled an all-new version of its QM5 SUV at the Beijing auto show in April. The
Aug. 29, 2016
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Tesla's Model 3 forecast to boost Korean demand for EVs
The entry of Tesla Motors Inc.'s more affordable electric vehicle into South Korea next year is expected to boost domestic demand for EVs considerably in light of sharp consumer interest in the envisioned model, an expert said Monday.US electric car maker Tesla is slated to unveil the Model 3 in late 2017, which is capable of traveling more than 340 kilometers before being recharged and is estimated to have a price tag of $35,000, nearly half the price of its flagship and luxury Model S. (Tesla)
Aug. 29, 2016
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Auto imports halve in July on end of tax favors, VW woes
Imports of foreign cars in South Korea more than halved in July due to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal and the end of tax favors on car purchases, industry data showed Sunday.According to data from the Korea Automobile Manufacturers Association, a total of 17,897 foreign vehicles were imported into the country last month, down 51 percent from the previous month.By country, a total of 6,423 German cars were imported in July, sharply down 58 per
Aug. 28, 2016
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Hyundai, Kia sales in China surge 30 percent
Hyundai Motor and its sister company Kia Motors saw a boost in sales last month in China, thanks to the popularity of sports utility vehicles there and the improved economic conditions, officials said Thursday.Hyundai Motor, South Korea’s largest automaker, and Kia Motors, the second-largest, sold a combined total of 111,021 vehicles in July, up 31.9 percent year-on-year. Separately, Hyundai Motor sold 70,016 units, up 29.3 percent year-on-year while Kia shipped 41,005 cars in July, increasing b
Aug. 25, 2016
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[Photo News] World's first compact SUV Convertible
Jaguar Land Rover Korea hosts a showcase for the Range Rover Evoque Convertible, the world’s first compact SUV convertible, slated for launch in Korea in September, at Yeong Bin Gwan, Hotel Shilla in central Seoul on Wednesday. (Yonhap)
Aug. 24, 2016
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Audi to recall over 1,500 A8 cars for coolant leak
German automaker Audi AG will recall certain model years of A8 luxury passenger cars sold in South Korea for a coolant leak that may cause the car to lose power while driving and thus possibly lead to accidents, the transportation ministry said Wednesday.The local government began investigating possible coolant leaks in the Audi cars in June 2014 following a series of reports from vehicle owners here, according to the Ministry of Land, Infrastructure and Transport.The government confirmed coolan
Aug. 24, 2016
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Kia Motors' Mexico sales more than double in July
South Korea's No. 2 automaker Kia Motors Corp. again renewed its monthly sales record in Mexico in July, market data showed Wednesday, suggesting its annual target of 50,000 cars will be anything but unattainable.The South Korean carmaker sold 5,510 cars, including light trucks, in Mexico last month, up more than 260 percent from the same month last year, according to the data from AMIA, the Association of Auto Manufacturers in Mexico.Kia only began selling its cars in Mexico in July 2015, but i
Aug. 24, 2016