Chevrolet’s first quarter sales reached a new high this year with 1.1 million vehicles being sold worldwide in the period.While Chevrolet is a U.S.-based brand, the developments have significant implications for South Korea’s automotive industry.The most obvious beneficiary is GM’s Korean arm GM Korea Co. According to GM Korea chief executive Mike Arcamone, 93 percent of the company’s output is bu

Mobility April 24, 2011

The Jaguar XJ has been named this year’s International Luxury Car of the Year, Jaguar Land Rover Korea announced Thursday.  All New XJThe company said the All New XJ sedan was named the International Luxury Car of the Year at the International Car of the Year awards by a panel of automotive journalists from publications including Auto Week, Road & Travel Magazine, MSN Autos, Consumer Guide Automot

Mobility April 24, 2011

Hyundai Motor Co. unveils the new Accent subcompact in the New York International Auto Show on Friday. (Hyundai Motor)Korean carmakers focus on subcompact car market in U.S.South Korea’s two largest carmakers Hyundai Motor Co. and Kia Motors Corp. are taking part in the New York International Auto Show, as the Shanghai International Automobile Exhibition nears a close.The New York show runs until

Mobility April 24, 2011

South Korean trade organizations are expressing concern over Australia’s decision to regulate tobacco products’ packaging.The “Plain Packaging” law proposed by the Australian government on April 7 calls for tobacco products to be packaged in plain wrappings without logos or trademarks.  The new compulsory cigarette packet is plastered with health warnings. (AFP-Yonhap News)The decision is aimed at

Industry April 22, 2011

LS Cable and System, the country’s largest producer of cables and wires, joined the growing ranks of large firms promoting shared-growth with small- and medium-sized enterprises.Shared-growth refers to large companies’ efforts to support smaller suppliers and associated companies’ expansion efforts, which has gained increasing attention with the government promoting it as a major policy. LS Cable

Industry April 20, 2011

Yuhan-Kimberly, Korea’s leading hygiene products manufacturer, launched Huggies Premier diapers on Monday, replacing its main diaper product line Huggies Gold after 13 years. Yuhan-Kimberly is a joint venture of Korea’s Yuhan Corp. and Kimberly-Clark Corp. established in 1970. The company has maintained its place at the top of Korea’s diaper market for 28 years with the Huggies brand. According to

Industry April 20, 2011

Hyundai and Kia overseas sales rise as Japanese rivals suffer from worst disasterThe series of disasters that struck Japan in March could bring significant changes to the world’s automotive industry, including its direction for eco-friendly vehicles.In a recent report, the U.S.-based market research firm Frost and Sullivan projected that the earthquake could not only open opportunities for carmake

Industry April 20, 2011

HONG KONG (Yonhap News) ― China’s largest international auto show kicked off on Tuesday with major product launches by global carmakers, showing the growing significance of the world’s most populous country for the auto industry.Auto Shanghai 2011 began its 10-day run with press days scheduled for the first two days in the booming metropolis. The event will be open to the public from Thursday to A

Industry April 19, 2011

GM Korea Co., the South Korean arm of U.S.-based GM, began testing its electric vehicle the Chevrolet Volt in Korea on the road on Monday.The week-long test drive will be conducted by the U.S. Embassy to Korea, with a specialist engineer from GM Korea.The vehicle will be used by the U.S. Embassy for official functions for one week until April 24. The Volt being tested by the embassy will also be u

Industry April 18, 2011