Articles by 최희석
최희석
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BMW refreshes 5-Series, X5 and M5 campaign
BMW Korea is offering free checkup and discounts on maintenance fees for 5-Series, X5 and M5 vehicles registered before Jan. 31, 2006 until March 4.During the period, owners of vehicles that qualify will be given comprehensive checkup services using BMW’s latest maintenance equipment. Fees arising from any repairs will also be cut by 20 percent during the period.The offer excludes repairs on damag
Mobility Feb. 20, 2011
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Range Rover Vogue hits local market
The new Range Rover TDV8 Vogue was launched on the local market on Feb. 14.The vehicle is fitted with a LR-TDV8 4.4-liter engine that puts out 313 brake horsepower and 8-speed automatic transmission. Range Rover TDV8 VogueThe vehicle manages 9.6 kilometers per liter, which according to the company is 18.5 percent more efficient than the previous engine. The new engine also emits 14 percent less gr
Mobility Feb. 20, 2011
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Kia launches Forte with fuel-saving technology
Kia Motors Corp.’s Forte Eco Plus, the country’s first vehicle fitted with an idle stop-and-go-system for automatic transmission, will go on sale today.The idle stop-and-go-system automatically shuts down the engine when the vehicle comes to a halt and restarts the engine when the car is back on the move to reduce fuel consumption and greenhouse gas emissions. Forte Eco Plus. (Kia Motors Corp)Acco
Mobility Feb. 20, 2011
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Tesla targets 50% revenue growth
Tesla Motors Inc., the U.S. electric carmaker backed by Daimler AG and Toyota Motor Corp., said its revenue this year may rise as much as 50 percent because of higher demand for its rechargeable vehicles and battery packs.“We project revenue to increase about 40 to 50 percent in 2011, to $160 million to $175 million,” Deepak Ahuja, Tesla’s chief financial officer, said in a conference call on Feb.
Mobility Feb. 20, 2011
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Camaro to lead GM’s Korean expansion
Muscle car measures up to competition, but stiffer price may dampen enthusiasmChevrolet’s iconic muscle car Camaro was unveiled in South Korea on Friday.The Camaro is the third model of the eight Chevrolet vehicles GM Daewoo Auto and Technology Co. plans to introduce to the local market this year as part of its strategy for pushing up domestic market share and to leave behind the less-than-flatter
Mobility Feb. 20, 2011
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New recruits build bonds at company boot camps
New workers learn teamwork and living as part of the firm at induction programsLike many who join large companies in South Korea, Cho Duk-hyun’s career at Daeyang Shipping began with a two-month induction program.While such programs are often associated with tight schedules that begin at the crack of dawn and continue late into the night, and sometimes include activities with little relation to wo
Industry Feb. 16, 2011
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Buffett to visit Korea in March
Warren Buffett will visit South Korea in March to attend the groundbreaking ceremony for TaeguTec Ltd.’s second plant, which will double its production capacity.According to TaeguTec, a Daegu-based firm that specializes in producing tungsten and industrial cutting tools, Buffett will visit the company for the ceremony on March 21. Warren Buffett. BloombergAs he did during his first visit to Korea
Industry Feb. 16, 2011
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Hyundai, Samsung seek alliance
Carmaker, electronics company nearing deal to develop ‘smart car’Hyundai Motor Co. and Samsung Electronics seek to collaborate in developing an automobile-smartphone link-up, sources said Tuesday. The largest automobile and electronics firms of Korea may sign a memorandum of understanding as early as next week, they said.The project will enable the built-in table computer on board Hyundai vehicles
Industry Feb. 15, 2011
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Hyundai Heavy adds to SMEs R&D support
The world’s largest shipbuilder Hyundai Heavy Industries announced on Tuesday that it would set up a 30 billion won ($27 million) fund for supporting small and medium sized enterprises’ research and development efforts in collaboration with the Small and Medium Business Administration.The shipbuilder and the Small and Medium Business Administration will each be responsible for raising 15 billion w
Industry Feb. 15, 2011
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Pre-launch orders for Hyundai Veloster
Hyundai Motor Co. will begin receiving pre-launch orders for the Veloster from Monday. The vehicle will be launched on the local market later this month. The vehicle, which the company has termed PUV (premium unique vehicle) has three doors ― one on the driver’s side and two on the passenger side ― and comes with a 1.6-liter gasoline direct injection engine that puts out 140 brake horsepower.The c
Mobility Feb. 13, 2011
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Milk shortage from FMD affecting local industries
A nationwide milk shortage caused by the severest foot-and-mouth disease outbreak in Korea’s history is affecting local confectionery and dairy industries, corporate sources said Sunday.Sources from Seoul Milk, Namyang Dairy Product Co. and the Korea Bakers Association said that as of December, the reserves of powdered skim milk stood at just 938 tons or a 77.3 percent drop from 4,137 tons reporte
Industry Feb. 13, 2011
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Underground economy shrinks to 17% of GDP
The size of the so-called underground economy in Korea has been shrinking steadily since the early 1990s due to increased transparency of financial transactions, a report showed.According to the report by the Korea Institute of Public Finance, the size of the untaxed portion of the Korean economy was estimated at 17.1 percent of the gross domestic product in 2008, lower than 28.7 percent in the 19
Feb. 13, 2011
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Larger, faster, smarter devices to steal show
BARCELONA, Spain (Yonhap News) ― Larger, faster and smarter smartphones and tablets are expected to steal the show this week at the wireless industry’s biggest trade show in Spain, signaling a new round of competition among vendors in the sector’s fastest growing and the most vibrant segments. Among the mobile devices and wireless technologies that will be on display by some 1,360 companies at thi
Technology Feb. 13, 2011
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Household debt rises in 2010
Korea’s household debt, a major economic risk factor, rose sharply last year, raising concerns about an increase in defaults, a private credit appraiser reported Sunday.At the end of December, financial institutions had 722.8 trillion won ($642 billion) in outstanding loans to the household sector, up 6.9 percent from a year earlier, according to the Korea Credit Bureau.Of the total, unsecured hou
Feb. 13, 2011
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Hyundai Motor recruits ...overseas talent
Hyundai Motor Group’s overseas recruitment drive will begin Monday, the company announced Sunday. The group’s three main automotive businesses ― Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. ― will receive applications from overseas-educated individuals with master’s or Ph.D. degrees with two or more years of work experience.The selection process will be conducted from Feb. 14 through
Mobility Feb. 13, 2011
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