Grand Korea Leisure, which runs three foreigners-only casinos in Korea under the “Seven Luck” brand, is reviewing a plan to open another casino in Yeongjongdo Island, Incheon, home to the Incheon International Airport. “It is true that we are conducting a feasibility study for a casino on the island, but no details (on the project) have been discussed yet,’’ Choi Ji-young, a company spokesperson said. The official comment came after a local economic daily reported that GKL has formed a partnersh

Industry April 15, 2015

A growing number of people living in cities are packing up, when the spring starts, to escape the hustle and bustle of their daily life, and to take a pause amid the nice weather. This seasonal factor boosts demand for family and leisure-oriented cars, including sport utility vehicles. The new BMW X3, a midsize luxury SUV by the German carmaker, could be one of the best options for those who gear up for not only dynamic driving, but also safe driving with their family. It has returned with impro

Mobility April 12, 2015

Two veterans of Chevrolet racing team pose next to the upgraded racing car Cruze at the Chevrolet booth for the 2015 Seoul Motor Show, while announcing that they are ready to join the 2015 CJ Hello Mobile Superrace Championship. (GM Korea)

Industry April 8, 2015

POSCO, the nation’s top steelmaker, is stepping up its efforts to expand its auto steel business for global automakers. The steelmaker said Monday it plans to open a technical service center in Detroit, where the U.S.’ top three automakers run their production line, within this year. “We expect the center to strengthen customer services for U.S. auto giants,’’ a company spokesperson said.  Renault Samsung’s futuristic concept car Eolab, whose superlight roof was formed using POSCO’s magnesium sh

Industry April 6, 2015

Hyundai Motor, the nation’s largest carmaker, broke ground Friday to build its fourth car production plant in China in an effort to expand its annual production capacity to 1.65 million units by 2018.The carmaker will complete the plant, which will have a maximum annual production capacity of 300,000 units, in Changzhou City, Hebei province by the end of 2016, the company said.The plant will be able to produce 200,000 small vehicles in the initial stage and later increase the capacity, the compa

Mobility April 3, 2015

Hyundai Motor unveiled its new crossover utility concept car “Enduro,” also known as “Project Hnd,” for the first time at the media preview for the 2015 Seoul Motor Show on Thursday. The biannual automotive event will be held April 3-12 at KINTEX in Ilsan, Gyeonggi Province.The 12th concept car, developed at the company’s Namyang technology research center, takes its name from the word “endurance” to represent the vehicle’s sturdy and solid aspects. The Enduro is equipped with a 2.0-liter T-GDi

Mobility April 2, 2015

Porsche Korea debuts its new 911 Targa 4 GTS in Korea during the Seoul Motor Show, along with some of the latest facelift versions of its popular models. “The model highlights Porsche’s typical sports car DNA,” Kim Geun-tak, representative and managing director of Porsche Korea, said at the media preview on Thursday. Porsche’s new 911 Targa 4 GTS (Porsche Korea)The German luxury sports car brand released the Targa 4 GTS last year in celebration of the 50th anniversary of the birth of the 900 Tar

Mobility April 2, 2015

The all-new Lincoln MKX, a luxury midsize sport utility vehicle, is out to lure young Korean buyers at the Seoul Motor Show, Ford Motor Korea said in a press release. MKX is the third strategic model that Lincoln, Ford’s luxury division, will debut this year for younger Korean buyers, following the 2015 luxury sedan MKZ and the MKC, Lincoln’s compact SUV.  The all-new Lincoln MKX, a luxury midsize SUV (Ford Korea)Lincoln’s luxury crossover SUV shares the brand’s new signature split-wing grille w

Mobility April 2, 2015

Hyundai Motor Group chairman Chung Mong-koo topped in the nation’s 2014 executive pay ranking with a salary of 21.6 billion won ($20 million), according to a financial regulatory filing released on Tuesday.Chung received payment from the group’s four affiliates ― Hyundai Motor, Hyundai Steel, Hyundai Mobis and Hyundai Engineering & Construction ― where he served as a registered director in fiscal 2014.                                                          Chung Mong-kooShin Jong-kyun, CEO of

Industry March 31, 2015

Industry March 30, 2015

Foreign residents exchange views on Korean culture after watching “Ode to my Father” at a CGV movie theater in Yongsan, Seoul, Friday. The event is part of the cultural experience program for foreign residents in Korea, run by CJ Group every month.  CJ Group

Industry March 29, 2015

The 2015 all-new Genesis, Hyundai Motor’s premium sedan brand, has strengthened its footing in the global luxury car league, armed with upgraded technology. The popularity of the revamped Genesis has grown faster than its first generation model over the past year in its target U.S. market. Hyundai Motor debuted the 2015 Genesis in the U.S. last April, five years after it launched the first generation luxury sedan back in 2009 in an effort to shed its image as a value-for-money carmaker.The natio

Mobility March 29, 2015