Renault Korea said Tuesday it sold a total of 2,007 units of the QM6 in October, as the top-selling LPG SUV increasingly appeals to drivers with its spacious interior and comfortable driving. The sales figure accounted for nearly half of the total car sales of the French carmaker, at 4,339 last month. The car’s exports also surged 41.9 percent to 2,449 units compared to the same period last year. The carmaker picked the car’s spacious interior as the key point of attraction to local

Mobility Nov. 8, 2022

Major business lobby groups on Monday urged the National Assembly to swiftly approve a corporate tax reduction bill that the Yoon Suk-yeol administration introduced in July to help local businesses better respond to widespread fears of an economic recession on time. The nation’s six business groups, led by the Korea Chamber of Commerce and Industry, released a joint statement contending that the new measure should be implemented within this year for it to be effective by the second half of

Industry Nov. 7, 2022

South Korea’s Transport Ministry announced Wednesday that it will begin operating an autonomous driving transportation service that can transport tourists and local residents around Jeju Island starting from Thursday. The autonomous driving vehicles will travel two routes. One will travel 16 kilometers back and forth from Jeju International Airport to the road along the coast of Jeju Island passing through Yongduam Rock and Iho Tewoo Beach, and the other will travel 5 kilometers within the

Mobility Nov. 2, 2022

South Korea's agricultural sector has faced a labor shortage for decades, with aging farmers and a shrinking population. To keep the rural economy sustainable, one solution might be to deploy autonomous machines that are operated through smart connectivity. Gam Byoung-woo, chief of product development division of Daedong Corporation, said his company, the largest agricultural machine manufacturer in Korea, has been offering solutions to precision farming, calling it AgTech. “If tradit

Industry Nov. 1, 2022

South Korea’s Ministry of Land, Infrastructure and Transport will soon announce plans to make the country one of the world's top four in overseas construction capable of winning $50 billion in overseas deals per year by 2027, officials said Monday. Land Minister Won Hee-ryong is expected to emphasize active support in winning big overseas projects by working with the private sector and also support the technological development of the construction and equipment sectors. The government

Industry Oct. 31, 2022

Chung Euisun, chairman of Hyundai Motor Group, visited the Czech Republic to ask for the country's support for Busan’s bid to host the 2030 World Expo, according to the carmaker on Friday. In the meeting with Czech Prime Minister Petr Fiala, Chung explained Busan’s competitiveness and the port city’s future vision for hosting the global event. “Busan Expo seeks nature-friendly life and technology innovation to prepare for a sustainable future and resolve global issue

Industry Oct. 28, 2022

South Korean builder Daewoo E&C held a ground-breaking ceremony of Vietnam Hanoi Starlake B3CC1 Complex, a $500 million development project that involves two multipurpose 35-story buildings in the Vietnamese capital, on Wednesday. Spanning over 211,462 square meters of floor space, the complex will comprise a hotel and offices. Korean hotel chain Hotel Shilla will be responsible for the operations of the envisioned hotel. Dignitaries including Daewoo E&C CEO Baek Jung-wan and Hanoi Peopl

Industry Oct. 28, 2022

South Korean builder Daewoo E&C and its Nigerian counterpart signed a letter of intent to rehabilitate an oil refinery in the African country with Nigerian President Muhammadu Buhari in attendance. The letter of intent signed by the Daewoo E&C CEO Baek Jung-wan and the Group CEO of Nigerian National Petroleum Corporation Mele Kyari is aimed at reoperating the Kaduna refinery located at Chikun, Kaduna, Nigeria, capable of producing up to 110,000 barrels of petroleum per day. The plant h

Industry Oct. 27, 2022

The working population of the manufacturing industry in South Korea is aging faster than those in the US and Japan, showed research published Wednesday by the Federation of Korean Industries (FKI), a local organization representing businesses. According to the research of Korean manufacturing industry workers from 2001 to 2021, the ratio of young workers, aged 15 to 29, dropped from 29.7 percent in 2011 to 14.8 percent in 2021. Also, the ratio of workers in their 30s decreased from 33.9 percent

Industry Oct. 26, 2022

Overseas flight bookings skyrocketed during the first three weeks of this month by 1,336.3 percent compared to the same period last year, according to Interpark on Tuesday. The noticeable increase of overseas travel bookings comes after COVID-19 travel restrictions have been lifted not only in South Korea but in other popular tourist spots as well, says the online ticketing site. Japan was topped the list of popular travel destinations with 48.2 percent of flights booked heading there. The numbe

Mobility Oct. 25, 2022

Mercedes-Benz Korea has donated vehicles to local communities for seven consecutive years as part of its social outreach project called Mercedes-Benz All Together, according to the company on Tuesday. Mercedes-Benz Korea launched its Mercedes-Benz CSR Committee in 2014 to make a systematic and continuous contribution to Korean society such as donating cars to social welfare institutions. The committee has donated a total of 44 vehicles to 43 institutions as of this year, the German carmaker said

Mobility Oct. 25, 2022

It’s no wonder why Volkswagen took a while to introduce its electric vehicle in South Korea. With its all-electric SUV ID.4, the German carmaker offers an accessible EV solution for local customers pursuing an eco-friendly family life. The electrified midsize SUV boasts remarkable spaciousness. It is big enough to accommodate a family as well as equipment for activity lovers. There is enough leg- and headroom in both the front and back seats, and the trunk is capable of storing up to 543 l

Mobility Oct. 24, 2022

A Korean Air plane overran a runway at the Cebu International Airport in the Philippines while attempting to land in poor weather late Sunday. No injuries were reported. The flight had 162 passengers and 11 crew onboard. Korean Air flight KE631, which had departed from Incheon to Cebu, had attempted to land twice in poor weather, and on the third attempt overran the runway, according to the South Korean air carrier while delivering an apology. “We sincerely apologize to our passengers and

Mobility Oct. 24, 2022

A worker was injured at one of South Korean bakery giant SPC Group’s bread-making factories on Sunday, just two days after its chief extended a public apology in response to a deadly accident in another factory run by the bakery group. A factory worker in his 40s lost a finger when trying to sort out defective products from a conveyer belt at a Shany bread-making factory operated by SPC Group in Seongnam, Gyeonggi Province, at around 6:10 a.m., police said. Two more workers were reportedly

Industry Oct. 23, 2022

Robots that resemble animals such as dogs or snakes patrolling industrial facilities will soon be a familiar sight as manufacturers look for high-tech solutions to prevent human casualties or injuries which could hold them legally responsible. Hyundai Steel Co. is testing a four-legged walking robot to help prevent damage to humans in case of accidents or disasters. The robot, called Spot, can check whether oxygen gas valves are open or shut and inspect areas that pose safety risks. Therefore, i

Technology Oct. 20, 2022