Hyundai Glovis taps financial specialist as new CEO

Hyundai Glovis, a logistics affiliate under South Korean automobile giant Hyundai Motor Group, has tapped Lee Kyoo-bok, an executive with the carmaker, as the company’s next CEO, officials announced Wednesday. Lee, who was also promoted to the group’s executive vice president with the CEO appointment, has served as the head of the carmaker’s sales office in Europe and chief financial officer of the US manufacturing corporation. As an expert in strategic planning for overseas sa

Nov. 30, 2022

Hyundai Motor's creative chief promoted to president

Luc Donckerwolke, Hyundai Motor Group’s executive vice president and chief creative officer, has been promoted to the group’s president, the South Korean auto giant announced Wednesday. Donckerwolke, a Belgian native, has led the growth of the carmaker’s brand identity in the global market since he joined the company in 2016. Hyundai Motor said Donckerwolke has initiated the direction for the company’s various creative projects, including the establishment of Genesis Hous

Nov. 30, 2022

Korean Air offers lie-flat seats for smaller A321neo planes

  Korean Air, South Korea’s largest air carrier, will begin offering lie-flat seats in smaller aircraft -- its recently received Airbus 321neo -- in December, the company said Wednesday. With the introduction of the A321neo, Korean Air will become the country’s first air carrier to have lie-flat seats in a narrow-body aircraft. The A321neo, a single-aisle airplane with 182 seats, will operate on short-haul routes to China, Japan and Southeast Asia, according to Korean Air. Short

Nov. 30, 2022

Volkswagen's Tiguan, affordable SUV with robust perfomance

Volkswagen Korea’s bestselling sport utility vehicle Tiguan has established its position as an affordable and robust performance-based car to Korean drivers. Since making its debut in July 2008, the Tiguan has been the German carmaker’s top-selling car here. As of November, it has sold an accumulative 59,532 units, an equivalent of 270 Tiguans every month. The Korean unit predicted the accumulative sales figure to hit the 60,000 mark by the end of this year. Volkswagen Korea said it

Nov. 28, 2022

[Photo News] Hyundai Motor winning WTCR championship

Nov. 27, 2022

Hyundai to revive Pony Coupe with legendary designer Giorgetto Giugiaro

Hyundai Motor will re-create the Pony Coupe Concept with the model’s original designer Giorgetto Giugiaro and unveil it in the coming spring, the carmaker announced Thursday at a design talk in Yongin, Gyeonggi Province. The Pony Coupe Concept is a car lost to history, as despite being unveiled at the 1974 Turin Motor Show with its prototype ready for mass production, the carmaker could not start production due to the domestic economic situation. Almost 50 years later, Hyundai Motor contac

Nov. 24, 2022

S. Korea’s first modern automotive car plant to shut down after 60 years

GM Korea, the Korean unit of the US auto giant General Motors, said Tuesday it is shutting down its No. 2 Bupyeong plant in Incheon on Saturday as part of its strategic shift toward more popular models, putting an end to the decades-old history of the nation’s first modern automotive factory. The plant used to produce the carmaker’s Trax SUV and Malibu sedan. But with sales of the models being discontinued this month, the carmaker has decided to stop the operation of the outdated pla

Nov. 22, 2022

Kia grabs five J.D. Power residual value awards

South Korean automaker Kia said Tuesday it took home five titles on Thursday in US market research firm J.D. Power's ALG Residual Value Awards, winning the most number of awards among its rivals. J.D. Power’s residual value assesses commercial value, quality, brand awareness and sales strategy to recognize vehicle models that are projected to hold the highest percentage of retail price when resold after three years. The awards are the industry’s standard in recognizing vehicle m

Nov. 22, 2022

SsangYong Motor unveils wireless charging platform for EVs

SsangYong Motor unveiled its wireless charging platform for electric vehicles under development on Monday at Coex, Seoul during an event hosted by the Ministry of Science and ICT. The carmaker displayed its first all-electric sports utility vehicle Korando e-motion equipped with a 61.6 kWh lithium-ion polymer battery and with a 22kW wireless charging system that can fully charge the electric vehicle in three hours. SsangYong Motor is currently trying to shorten the charging time and also trying

Nov. 21, 2022

Incheon Airport flights to surpass pre-pandemic level by next year

The number of flights landing and departing from Incheon International Airport will exceed pre-pandemic levels by next year. Incheon Airport was allotted 263,004 slots for the next summer season from late March to late October, during the International Air Transport Association Slot Conference held last week, according to Incheon International Airport Corp. on Monday. The Slot Conference is a working conference between IATA and non-IATA airlines worldwide for the allocation of slots at fully coo

Nov. 21, 2022

Korean carmakers to feel IRA pinch next year: report

South Korea’s automotive production is expected to suffer a modest decline next year despite growing global car sales, an industry report said Monday. Some 85.3 million cars are projected to be sold globally next year, a 4.7 percent increase compared to this year’s estimated 81.5 million units, according to the report by the Korea Automotive Technology Institute. The report said the stable supply of automotive semiconductors is driving up car sales overall, despite lingering fears ov

Nov. 21, 2022

No. of eco-friendly vehicles in Korea hit 1.5 million

South Korea saw its number of eco-friendly vehicles exceed 1.5 million in October, data showed Sunday. According to the Ministry of Land, Infrastructure and Transport, a total of 1,515,000 units of eco-friendly vehicles, including full electric vehicles and hybrids, were registered by the end of October -- a 38.3 percent surge on-year. This comes just one year and three months after the country saw the number of eco-friendly vehicles exceed 1 million in July 2021. The ministry’s data showe

Nov. 20, 2022

Hyundai Motor’s Ioniq 6 debuts in US

Hyundai Motor Group said Friday its flagship electric vehicle brand Ioniq’s latest model Ioniq 6 was unveiled in the United States at the 2022 Los Angeles Auto Show, and it is targeting a North American launch in the first half of next year. The Ioniq 6 was launched in July in South Korea, recording the automaker’s highest first-day preorder sales figure in its history with 37,446. Hyundai Motor said with the Ioniq 6 it would promote the company’s electrification push in the No

Nov. 18, 2022

[Photo News] Genesis X Convertible Unveiled

Hyundai Motor Group unveiled the Genesis X convertible, a concept for the luxury brand's first full-electric convertible car, in Malibu, California, Wednesday, prior to the LA Auto show that kicks off Friday.

Nov. 16, 2022

Volkswagen debuts new Golf GTI in Seoul

Volkswagen Korea debuted the new Golf GTI, the eighth-generation of the German carmaker’s gasoline-powered hot hatch, in Seoul on Tuesday before its official launch next month. Since its debut in 1976, the Golf GTI has been recognized as a reasonably priced sports car that popularizes the new car segment “hot hatch.” The upcoming Golf GTI is equipped with the EA888 2.0-liter inline 4-cylinder turbocharged gasoline engine with a maximum horsepower of 245 and a maximum torque of

Nov. 16, 2022

US delays decision on Korean Air-Asiana merger

South Korea’s largest air carrier Korean Air’s buyout of Asiana Airlines faced yet another hurdle, as the US antitrust regulator decided to conduct a more thorough investigation before granting approval of the merger. The US Federal Trade Commission was expected to announce its decision this week, but informed Korean Air on Wednesday it would need more time for a thorough evaluation, according to the Koran air carrier. In March, the US antitrust watchdog evaluated that when merged

Nov. 16, 2022

Hyundai Motor to build air mobility ecosystem in Indonesia’s new capital

Hyundai Motor Group on Monday unveiled a new ambitious plan to build an ecosystem for advanced air mobility (AAM), including flying cars and related infrastructure, in Indonesia’s new capital city of Nusantara that is currently under construction. The Korean auto giant signed a memorandum of understanding with the Nusantara National Capital Authority for the new project on the sidelines of the B-20 Summit Indonesia 2022, which is taking place in Bali this week. Earlier this year, the Ind

Nov. 14, 2022

Hyundai Grandeur gets first revamp after 6 years

Hyundai Motor on Monday launched the all-new Grandeur, the seventh-generation fully changed model of its top-selling midsize sedan, a comeback after six years with global sales set to begin in the second quarter next year. Since its debut in 1986, the Grandeur has been considered a luxury sedan here, widely chosen as the executive ride for local chaebol companies. The car's former cachet may have been overshadowed by its younger sibling Genesis' bigger presence in recent years. But the

Nov. 14, 2022

Porsche aims high to produce ‘Porsche-typical’ EVs

FRANCIACORTA, Italy -- When Porsche unveiled its first-ever all-electric model Taycan in 2019, not many expected it to become one of the brand’s bestselling models, behind only the Macan and Cayenne SUVs. Now, as the first premium automotive manufacturer in the world to produce various plug-in hybrid models, the German sports car maker is betting big on producing powerful fully electric vehicles to offer driving dynamics and a sports car performance -- while sustainable at the same time --

Nov. 14, 2022

Hyundai Motor chief urges bold action on climate change, energy poverty at B-20

Hyundai Motor Group Executive Chair Chung Euisun on Sunday urged global action to tackle climate change and energy poverty at the 2022 Business 20 summit of business groups and entrepreneurs that precedes the Group of 20 summit held on the Indonesia island of Bali from Tuesday. The B-20 is an official G-20 dialogue forum formed to facilitate a delivery of policy recommendations to the leaders to G20. This year’ s G-20 will be held under the theme of “Advancing Innovative, Inclusive

Nov. 13, 2022