Audi Korea plans to offer a roughly 40 percent markdown on its A3 low-emission diesel compact sedan to comply with low-emission vehicle sales regulated under South Korean law, the company said Wednesday.Some 3,000 units of model year 2018 A3 vehicles will be sold between 23.7 million won ($21,000) and 26.1 million won, equivalent to the price range of Hyundai’s Avante compact car. The official price range of the new compact sedan is 39.5 million won to 43.5 million won.“The exact discount rate h

Mobility July 25, 2018

LG Chem, the chemicals and biopharma business unit of South Korea’s LG Group, is carrying out corporate social responsibility activities under its slogan of being a “solution partner” to provide solutions for social minorities and entrepreneurs, the company said Tuesday.Together with LG Electronics the company runs LG Social Campus, helping social enterprises by providing loans without interest, renting out workspace and educating workers. It has provided funds of some 13 billion won ($11.4 mill

Industry July 24, 2018

Hyundai Motor, South Korea’s largest automotive company, has signed sponsor partnerships with Italian football club A.S. Roma and German football club Hertha Berlin, the company said Tuesday.With the latest two partnerships, Hyundai has become partners with five European football clubs as part of its sports marketing efforts in the region. The auto firm is posting increasing sales in Europe, despite sluggish growth in the US and China. Andrea Crespi (second left), managing director of Hyundai Mo

Mobility July 24, 2018

Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, has implemented artificial intelligence to its software screening process and document search system for improved efficiency and accuracy, the company said Sunday.The move came in line with the company’s latest efforts to shift into a software-centered company and to diversify the use of AI in research and development.The AI-based software screening system, dubbed Mobis Artificial Intelligence Software Testing, jointly made with a

Mobility July 22, 2018

PAJU, Gyeonggi Province -- Fiat Chrysler Automobiles Korea has its sights set on the sport utility vehicle market here, revamping its showrooms to be Jeep-exclusive by next year and completing the lineup with the first fully changed Compass compact SUV released in 10 years.As a model positioned between the Renegade small SUV and Cherokee midsize SUV, the new Compass targets “urban adventurers” looking for a vehicle suitable for the city and rough off-road terrain.On the SUV brand’s unique four-w

Mobility July 22, 2018

Hyundai Motor, South Korea’s leading automaker, unveiled the world’s first soon-to-be mass produced Marvel character-inspired vehicle, the Kona Iron Man edition, in partnership with the New York-based entertainment company, the company said Thursday.Through its partnership with Marvel signed in 2015, Hyundai aims to promote its brand as fun and exciting particularly among younger drivers.Poster of Hyundai’s Kona Iron Man edition jointly made with Marvel (Hyundai Motor)The Iron Man edition of Hyu

Mobility July 19, 2018

Mercedes-Benz Korea has installed electric vehicle chargers jointly developed with South Korea’s leading mobile carrier KT at its showrooms and services centers nationwide, the company said Thursday.The electric vehicle charger made for Benz’s EQ EV brand vehicles can also be used to charge electric vehicles with a single phase 5-pin socket.This is part of the automaker’s efforts to provide services that cater to local drivers in its fifth-biggest market, and to keep its position as No. 1 import

Mobility July 19, 2018

 진행자: 김보경, Paul Kerry More office workers opt for quick, grab-and-go lunch: survey주 52시간 근무제 시행 후 간편 식품 선호하는 직장인이 늘고 있습니다. 어떤 식품이 얼만큼 올랐을까요?아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2팟빵 (안드로이드): http://www.podbbang.com/ch/6638 [1] More office workers prefer quick takeout food from convenience stores or coffee chains for their lunch hour, amid changes introduced in the country’s work culture with shortened hours, industry data showed Monday.* opt fo

Podcast July 18, 2018

South Korean oil refiner SK Innovation has started a mangrove tree donation campaign on its Facebook page to restore the mangrove swamp in Vietnam, the company said Wednesday.The event aims to raise awareness of the importance of preserving the ecosystem by donating 10,000 mangrove trees until the end of this month. As of Tuesday, some 3,000 people have participated in the event, collecting over 5,000 trees in eight days.“The campaign will be funded by employees and executives of SK Innovation w

Industry July 18, 2018

Posco’s Steel Village project was introduced as an outstanding example of corporate social activity at a high-level political forum on sustainable development hosted by Korea’s Ministry of Foreign Affairs at the UN headquarters, the company said Wednesday.Through the Steel Village project, Korea’s No. 1 steelmaker has been supporting social minorities and those whose homes have been destroyed in natural disasters with its steel products since 2014.“CSR efforts such as Posco’s Steel Village proje

Industry July 18, 2018

Fiat Chrysler Automobiles Korea released the new Compass compact sport utility vehicle, eyeing a share of Korea’s expanding imported compact SUV segment, the company said Tuesday.Designed to target urban drivers, the Compass SUV stands between the Jeep Renegade compact SUV and Cherokee midsize SUV. Local drivers will first be introduced to the all-new Compass Longitude 2.4 gasoline model and all-new Compass Longitude Limited 2.4 gasoline trims.  Jeep new Compass compact SUV (FCA Korea)Over 260,0

Mobility July 17, 2018

Hyundai and Kia Motors, South Korea’s top two automotive companies, will hold their biannual meeting this week with representatives of regional headquarters and overseas branches to discuss the issue regarding a possible US car tariff, alongside ways to bolster sales in the second half of the year, the companies said Tuesday.This week’s meeting is the first since the auto giants established regional headquarters in the US, Europe and India last month as part of Hyundai Motor Group’s strategy to

Mobility July 17, 2018

The trade amount of electricity from renewable sources in South Korea hit an all-time high of 2.4 trillion won ($2.13 billion) last year, backed by President Moon Jae-in’s plan to expand renewable energy, industry data showed Monday. Regenerated power traded in 2017 jumped 20.1 percent on-year to 2.4 trillion won from 1.7 trillion won in 2016, according to data from the state-run Korea Power Exchange.Last year’s figure is over 40 times the 50.4 billion won seen in 2011.Out of the total 44.7 tril

Industry July 16, 2018

Hyundai’s three-door with yellow flames and purple wrapping Veloster hatchback roaming the streets of San Francisco is the ride characters in the Marvel movie titled “Ant-Man and the Wasp” use to save Ant-Man.Setting out to cement its image as a fun and exciting brand, Hyundai has launched the Veloster hatchback this February.The vehicle, with its red, asymmetrical exterior design, is unique and eye catching on first impression. The new Veloster (Hyundai Motor)The three-door hatchback has one ov

Mobility July 16, 2018

Hyundai Motor, South Korea’s No. 1 automotive company, has faced a temporary halt in production at its factories here due to strikes staged by its labor union, the company said Friday.The union held a total six-hour partial strike Thursday, and will stage a 12-hour strike Friday after failing to reach an agreement in wage talks. This is the seventh consecutive year that union members of the automaker have staged strikes.According to the Data Analysis, Retrieval and Transfer System, the temporary

Mobility July 13, 2018