Most Popular
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Now is no time to add pressure on businesses: top executives
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CJ CheilJedang to spur overseas growth with new Hungary, US plants
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Seoul to host winter festival from Dec. 13
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Nationwide rail disruptions feared as union plans strike from Dec. 5
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Blackpink's solo journeys: Complementary paths, not competition
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N. Korea, Russia court softer image: From animal diplomacy to tourism
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Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
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[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
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Actor Song Joong-ki welcomes second child in Rome
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Main opposition pushes to ease, not postpone, tax on crypto gains
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[Photo News] Most eco-friendly cars in Canada
Hyundai Motor's all-electric Ioniq 6, pictured, and Ioniq 5 have been named this year's Canadian Green Car of the Year and the Canadian Green Utility Vehicle of the Year, respectively, the South Korean automaker said Thursday. Organized by the Automobile Journalists Association of Canada, the awards were based on a review and vote from judges comprising local auto experts and journalists. The automaker said the awards recognize the product value of all-electric vehicles developed on Hy
June 15, 2023
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Jeju Air to open routes to Oita, Hiroshima
Jeju Air Co. said Thursday it will open routes from Incheon to Oita and Hiroshima to absorb rapidly recovering air travel demand amid a nationwide move to return to pre-pandemic normalcy. South Korea's biggest low-cost carrier will start services on the Incheon-Oita route on June 22 and the Incheon-Hiroshima route on July 13, the company said in a statement. In the January-March period, Jeju Air shifted to a net profit of 48.19 billion won ($36 million) from a net loss of 64.91 billion won
June 15, 2023
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Auto exports jump 50% in May on strong eco-friendly car sales
South Korea's car exports soared nearly 50 percent on-year in May driven by vibrant demand for eco-friendly cars, particularly in the US market, the industry ministry said Thursday. The value of outbound shipments of automobiles came to $6.2 billion last month, up 49.4 percent from a year earlier to reach the highest monthly figure for any May, according to the data from the Ministry of Trade, Industry and Energy. The monthly car exports surpassed the $6 billion mark for the first time in M
June 15, 2023
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Hyundai Kona Electric nears 300,000 unit sales
Hyundai Motor’s electric compact Kona Electric is set to hit the 300,000 mark in cumulative sales next month, solidifying its position as one of the bestselling electric vehicles manufactured in Korea. As of April, a total of 285,138 Kona Electric cars have been sold since its official debut in 2018, according to the carmaker’s investor relations data released on Monday. Overseas sales accounted for 258,663 units -- nearly seven times the amount of domestic sales. Over 50,000 units w
June 12, 2023
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[Photo News] Hyundai wins TCR in Italy
Norbert Michelisz, Hyundai Motor’s Avante N TCR driver, celebrates after winning the 2023 Touring Car Race World Tour held in Italy from June 6-12. Selected as the No. 1 and 4 best drivers for this year’s season, respectively, Michelisz and another team member, Mikel Azcona, drove the Elantra N TCR in the race. The car is a high-performance model of Hyundai’s flagship sedan Avante.
June 12, 2023
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Hyundai Motor seeks to reshore $5.9b, boosting production at home
Hyundai Motor Group said Monday it plans to bring back to Korea a capital surplus at its foreign units worth a total of $5.9 billion, taking full advantage of the nation’s recent corporate tax revision as well as its upbeat sales abroad in recent years. Under the scheme, the Seoul headquarters plans to boost dividends payouts to foreign units with good performance, including its US and European operations, and the dividends will be invested into expanding production of electric vehicles
June 12, 2023
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[Test Drive] G70 roars with sports sedan performance
Genesis, a South Korean luxury auto brand under Hyundai Motor Group, has now upgraded the G70 with a stronger engine. The G70 is the brand’s last sports sedan powered by an internal combustion engine, as the automaker aims to go all-electric by 2030. The exterior and interior of the new Genesis G70 also appeared to undergo small design changes. The attention-grabbing front side of the vehicle features two-line light-emitting diode headlamps and a V-shaped crest grille. The lower front end
June 12, 2023
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[Behind the wheel] Toyota Crown Hybrid sets standard for hybrid cars
With the yearslong boycotting of Japan-made products in Korea showing signs of abating, Japanese auto giant Toyota is seeking to turn the tables here with the Crown Hybrid crossover utility vehicle, which shows off its latest technological advancements in combining a combustion engine and electric motor. The Crown was Toyota’s first mass-produced car model, with the longest history of 69 years and its bestselling premium sedan at home. But in Korea, the car has long been absent after it
June 11, 2023
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[KH Explains] Mobility alliance win-win for Samsung, Hyundai
South Korea’s top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, announced their first-ever partnership last week, fueling speculation that their rare tie-up could further extend in the field of future mobility. Under the deal, Samsung will supply automotive chips for Hyundai’s upcoming cars. Since the late 1990s, when Samsung ditched its car-making business, the nation’s two largest conglomerates have distanced themselves from being involved in direct c
June 11, 2023
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Hyundai chief vows to learn from past
Hyundai Motor Group Executive Chair Chung Euisun highlighted the importance of learning from the past to prepare for the rapidly changing mobility industry, at the opening ceremony for an exhibition honoring the carmaker’s first mass-produced car, the Pony. “With ChatGPT now a buzzword, artificial intelligence and robotics technology are witnessing exponential growth. Under the circumstances, we need to ask what our purpose of existence and future road map are,” said Chung at t
June 8, 2023
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GM Korea to launch all-electric Cadillac Lyriq SUV in H2
GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will launch the all-electric Cadillac LYRIQ SUV later this year in line with its parent firm's electrification plan. Lyriq is GM's luxury Cadillac brand's first electric model and is powered by GM's Ultium EV battery platform. It is one of 10 electric vehicle models to be released in the South Korean market by the US carmaker by 2025, the company said in a statement. Starting with the Cadillac Lyriq,
June 8, 2023
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SK Signet ready for EV charger production in US
SK Signet, the electric vehicle charger maker affiliated with SK Group, said Wednesday it will start production of EV chargers in the US next month with the completion of its new plant in Texas. The new plant will be producing 10,000 units of its 400-kilowatt EV charger per year. It aims to double production capacity to an annual 20,000 units in phases. “By 2025, we look to boost our global sales to 1 trillion won ($768.3 million), compared to last year’s 160 billion won. Our goal is
June 7, 2023
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Hyundai to produce Ioniq 5 with Indonesia’s batik design
Hyundai Motor Company will produce limited editions of its popular electric vehicle Ioniq 5 featuring designs of batik, a traditional Indonesian dyeing technique, according to Indonesia’s top envoy in Seoul on Wednesday. Gandi Sulistiyanto, Indonesian ambassador to South Korea, said Indonesia and Hyundai Motor will work together to create an Ioniq 5 embodying the batik design, a UNESCO cultural heritage that has inherited generations of Indonesian culture. According to UNESCO, batik is dye
June 7, 2023
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4 firms to recall over 54,000 vehicles over faulty parts
Kia Corp., Volkswagen Group Korea and two other companies will voluntarily recall more than 54,000 vehicles to fix faulty components, the transport ministry said Wednesday. The companies, including Ford Sales & Service Korea and Stellantis Korea, are recalling a combined 54,412 units of nine different models, the Ministry of Land, Infrastructure and Transport said in a statement. The problems that prompted the recall include a faulty dashboard software problem in Kia's Ray mini car, a f
June 7, 2023
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[Test Drive] All-electric Mercedes-AMG sedans raise bar for performance EVs
Mercedes-AMG, the high-performance brand under German auto giant Mercedes-Benz, is well known for crafting luxurious motorsports-inspired vehicles with monstrous engines. And the brand has kept these signature traits for its EQ lineup, boasting the fastest acceleration among Mercedes EVs. Mercedes-Benz Korea hosted a media test drive at the AMG Speedway in Yongin, Gyeonggi Province, last week. With a 4.3-kilometer circuit with 17 turns, the AMG Speedway is the world’s first track to bear t
June 7, 2023
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Airplane's exit door should not be difficult to open: survey
Despite the recent incident during which a passenger opened the emergency exit door of an Asiana Airlines aircraft before landing, most South Koreans think an airplane's emergency exit should not be difficult to open, a survey found Tuesday. According to a survey of 21,000 respondents by online poll platform Thepol, 44.8 percent (9,500 people) of the respondents said "An airplane's emergency exit door should be able to open quickly and easily during an emergency." Meanwhile,
June 6, 2023
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Toyota seeks to win back Korean customers with hybrid Crown
With improved bilateral relations between Korea and Japan, Toyota is seeking a turnaround here with the launch of the Crown Hybrid crossover utility vehicle, an upgraded version of its long-loved flagship sedan. “The Korean market is both worthy of investment and challenging because many customers are car enthusiasts who have high standards,” said Toyota Korea CEO Konyama Manabu, during a press conference on Monday in Gangnam-gu, Seoul. “Compared to 2022, the situation has
June 5, 2023
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Ex-BMW designer joins Kia as exterior styling chief
South Korea’s second-biggest carmaker Kia said Monday it has appointed John Buckingham, a UK veteran automotive designer, as the exterior design chief of its next design group. Buckingham has worked in the automotive industry since 2005 when he joined BMW as an exterior designer. While working at the BMW Designworks studio in Los Angeles, he also led the design of the 8 Series concept. Then, he moved to UK luxury carmaker Bentley in 2018 and to Faraday Future, the US-based electric vehicle
June 5, 2023
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Hyundai-backed 42dot to set up global software center
42dot, a self-driving mobility unit under Hyundai Motor Group, is setting up a global software center for software defined vehicles, or SDVs, aiming to create a foothold in the burgeoning future mobility business. Users can manage operations and acquire new features for SDVs primarily through software updates. According to a regulatory filing on Wednesday, the company received a first-phase investment worth 346.2 billion won ($265.1 million) from the carmaker, who vowed to inject total of 1.5
June 4, 2023
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[KH Explains] Hyundai, hit by subsidy cuts in US, bolsters ties with China’s CATL
Hyundai Motor Group seems to be further bolstering its ties with China’s CATL, the world’s largest battery maker for electric vehicles, as part of its renewed strategy to diversify battery suppliers amid increasingly protectionist policies in the US and Europe, according to industry sources Sunday. The latest development comes after the world’s third-largest carmaker by sales has recently been stripped of EV subsidies in the all-important US market under the Inflation Reducti
June 4, 2023