Articles by 최희석
최희석
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2011 Freelander 2 hits local market
Jaguar Land Rover Korea launched the 2011 New Freelander2 SD4 on the local market. The vehicle comes with a 2.2-liter turbo diesel engine that puts out 190 brake horsepower.The car manages 13.4 kilometers per liter. New Freelander2 SD4The vehicle is fitted with Land Rover’s Terrain Response system that allows the vehicle to adapt to different terrains as standard. The New Freelander2 SD4 also come
Mobility Feb. 27, 2011
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Hyundai joins German hydrogen car project
Hyundai Motor Co. and Kia Motors Corp. signed a deal with German organizations to take part in the European nation’s government-led Clean Energy Partnership on Friday. Under the agreement, Hyundai Motor Group’s two carmakers will supply hydrogen fuel cell vehicles to the German government’s hydrogen automobile project.“With the MOU, Hyundai and Kia secured a chance to introduce its technology for
Mobility Feb. 27, 2011
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Hyundai Motor chair to pay 82.6b won
The Seoul Central District Court on Friday ordered Hyundai Motor Group chairman Chung Mong-koo to pay 82.6 billion won ($73.1 million) in compensation to Hyundai Motor Co. for damages caused by irregular intra-group trading.Aside from Chung, former Hyundai Motor vice chairman Kim Dong-jin has been ordered to pay 8 billion won in compensation to the carmaker.The ruling follows three years after the
Industry Feb. 25, 2011
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BMW to set up social contribution fund
BMW Group Korea announced Thursday that it will set up BMW Korea Future Fund, the first social contribution foundation operated by a foreign carmaker in South Korea.The foundation will be established by BMW Group Korea and the seven official dealers later in the year with an initial investment of 3 billion won ($2.7 million), 2 billion won of which will be raised by the dealers and BMW Group Korea
Industry Feb. 24, 2011
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Renault Samsung most efficient sales staff
Renault Samsung Motors Co.’s sales staff recorded the highest average monthly sales figure among local carmakers, the company announced Thursday.According to the company, the 2,342 sales staff working at its 195 sales agents sold 155,696 last year, putting the average monthly sales figure per person at 5.4. The figure per sales agent came in at 65 units per month. The company did not disclose figu
Industry Feb. 24, 2011
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Index to gauge treatment of suppliers
Government and private-sector representatives will introduce a new index to gauge large companies’ relationship with smaller suppliers as part of its efforts to promote broad-based growth, officials said Wednesday.The shared growth index will be announced once annually, starting with 56 companies including Hyundai Motor Co., POSCO and Samsung Electronics next year, the Commission on Shared Growth
Industry Feb. 23, 2011
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AD Motors to build electric car plant in Yeonggwang
AD Motors, a Seoul-based electric car maker, announced Wednesday that it will build a mass production facility in Yeonggwang Country in South Jeolla Province. Once complete, the facility will be capable of producing 43,000 electric vehicles on an annual basis.The company signed an agreement for the project with the governments of Yeonggwang county and South Jeolla Province on Tuesday. It will inje
Industry Feb. 23, 2011
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Kia names new domestic sales chief
Kia Motors Corp. named Lee Sam-ung as its new president for domestic sales and production on Wednesday.He had been serving as a vice president at the country’s second largest carmaker. Lee Sam-ungThe company said that Lee is a labor expert, and that he is expected to make significant contributions to developing the company into a global player by improving its labor management system, thereby esta
Industry Feb. 23, 2011
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Ssangyong launches first new vehicle in three years
JEJU ― Ssangyong Motors Co. launched the compact sport utility vehicle Korando C, its first new vehicle in three years, on the local market Tuesday.Since the company launched the luxury sedan Chairman W in February 2008, Ssangyong has run into a series of critical problems that at points pushed the company to the brink of collapse delaying plans for the new vehicle.In February 2009 Ssangyong enter
Industry Feb. 23, 2011
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KB Financial names Choi to head card unit
KB Financial Group nominated Choi Gi-eui to head its new subsidiary KB Koomin Card on Monday.Choi currently heads the group planning the launch of KB Kookmin Card as a separate subsidiary. Choi Gi-euiIf approved at the inaugural shareholder’s meeting, Choi will become the first president of KB Financial Group’s credit card subsidiary, which is scheduled to be launched March 2.Choi, who holds a Ph.
Feb. 21, 2011
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POSCO foundation names prize winners
POSCO TJ Park Foundation announced Monday that this year’s TJ Park Prize will be awarded to a Korea Advanced Institute of Science and Technology scientist, educator and two philanthropists.The foundation, named after POSCO founder Park Tae-joon, has awarded the annual prize for outstanding achievement in the fields of science, education and social services since 2006. KAIST professor Lee Sang-yubT
Industry Feb. 21, 2011
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Hyundai Motor to lower builder acquisition price
Hyundai Motor Group and the creditors of Hyundai Engineering and Construction have begun final negotiations over the price of stakes in the builder, with the carmaker expected to push for a reduction.According to industry sources, Hyundai Motor Group is seeking to reduce the amount paid for the 34.88 percent stake in Hyundai E&C due to additional debts the builder was belatedly found to be holding
Industry Feb. 21, 2011
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Rolls-Royce develops all-electric phantom
Bayerische Motoren Werke AG’s Rolls- Royce Motor Cars unit said it’s developing a single vehicle from its Phantom model series that’s fully powered by electricity.The car will debut at the Geneva Motor Show on March 1 and will tour this year as the company collects data that “will be crucial in informing future decisions on alternative drive- trains for Rolls-Royce Motor cars,” BMW said in an e-ma
Latest News Feb. 20, 2011
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POSCO looks to turn byproduct gas into fuel
The world’s fourth-largest steelmaker POSCO announced Sunday that it has signed a memorandum of understanding with the U.S.-based bio-fuel manufacturer LanzaTech to produce ethanol using waste gases generated in blast furnaces.Under the agreement, POSCO will use LanzaTech’s technology to produce ethanol from the carbon-rich waste gases using microbes. The steelmaker plans to build necessary facili
Industry Feb. 20, 2011
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Honda sweetens deal for Civic
Honda Korea is offering a larger discount and longer installment period for the compact car Civic until the end of the month. Until the end of the month, those purchasing the Civic ― either the 1.8 and 2.0 ― can choose between a 4 million won ($3,600) discount, and two special rate financing programs. Honda CivicThe financing schemes are a 36-month zero interest installment program and a low inter
Mobility Feb. 20, 2011
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