The Korea Herald

BUSINESS

LATEST NEWS

Today Automode

Global policy framework to enhance transport connectivity in spotlight

Passenger transport, freight demand to triple in 2050, but disruptive developments could curb CO2 emissions

[Foreign Execs in Korea: 1] Turning Hyundai Motor into agile global player

Former BMW engineer says the family-led firm will help seek sustainable, long-term strategy under Chung’s smart leadership

Today
Automode
Renault Samsung union rejects tentative deal on wages

The labor union of Renault Samsung Motors Corp. on Tuesday voted down a tentative deal on wages and working conditions that it reached with the company last week, the union said. Of the 2,219 union members present for the vote, 51.8 percent cast their ballots against the deal while 47.8 percent voted in favor.Last Thursday, the company and union announced that they had struck the tentative deal after drawn-out negotiations that started in June last year.During the negotiations, the company soug

May 21, 2019
Automode
Kia prepares for grand entry in India

Kia Motors, South Korea’s second-largest carmaker in terms of sales, has been pushing forward to successfully enter the Indian market in the latter half of this year.It has been conducting various marketing activities including a large-scale dealer event by inviting them to Korea.The automaker said the event was part of its efforts to raise brand awareness among Indian customers. Local car dealers from India pose for a photo during a Kia Motors’ event in Seoul on March 13. (Kia Motors)Some 120 I

May 21, 2019
Automode
‘Korean R&D center to play key role in Renault Group’s road map’

Renault Samsung Motors, the Korean unit of French automaker Renault Group, said its research and development center, Renault Technology Korea, will play a key role in the group’s vehicle design, safety tests and production technology. Located in Yongin, Gyeonggi Province, Renault Technology Korea was formerly a Samsung Motors research center established in 1997. It was renamed following Renault Group’s acquisition of the Korean carmaker in 2000. Renault Samsung Motors CEO Dominic Senora speaks

May 20, 2019
Automode
Kia launches Korea’s first EV service center

Korea’s second-largest automaker Kia Motors has established a service center dedicated to electric vehicles for the first time in the country, the firm said Sunday. The automaker has set up an EV Workbay at six service centers nationwide, operated by Auto Q. It hopes to enhance the efficiency of EV customers’ vehicle inspection and mechanics’ work convenience. The launch comes in line with the imminent launch of its new EV lineup -- including Niro EV and Soul Booster EV. Mechanics inspect a veh

May 20, 2019
Automode
Hyundai invests W100b in Rimac for electric hypercar development

South Korean auto giant Hyundai Motor and its sister company Kia Motors invested 106 billion won ($89.23 million) in a Croatian manufacturer of high-performance electric cars, a move to target the emerging high-end market for race cars powered by electricity, the company said Tuesday.Under the partnership with Rimac, Hyundai plans to unveil two prototype models for hypercars next year, one powered by electricity and one by hydrogen. The investment aims to position Hyundai as leader in the global

May 15, 2019
Automode
‘Renault Samsung strategically important for group in Asia-Pacific region’

With advanced manufacturing and export capacities, Renault Samsung Motors in South Korea stands out as strategically important for the global auto giant, with Renault Group’s head for the AMI and Asia-Pacific region, excluding China, coming to the country for a visit soon, according to the firm Thursday. AMI refers to Africa, the Middle East and India. In a video message, Fabrice Cambolive, chairman of Renault’s AMI-APAC headquarters, described Korea as one of the carmaker’s major manufacturing

May 10, 2019
Automode
Experts urge joint efforts for ASEAN EV market formation, growth

SEOGWIPO, Jeju Island -- Despite differences in market characteristics and environment, businesses engaged in electric vehicle developments in Southeast Asia can grow together through a concerted effort to build regional partnerships on zero emission cars, experts said Tuesday. At an international conference held on the sidelines of the annual International Electric Vehicle Expo, business representatives, scholars and industry observers highlighted the need for raising voices for more private an

May 9, 2019
Automode
EV expo shines light on SMEs, innovators, discusses future of carbon-free tech

Organizers exclude hydrogen vehicles, questioning reliability, public support

May 9, 2019
Automode
EV expo kicks off in Jeju to promote zero-emission tech

Businesspeople, experts, investors and government representatives from around the world will gather on the South Korean resort island of Jeju to promote carbon-free mobility technology at an international exhibition that kicks off Wednesday. The sixth annual International Electric Vehicle Expo -- the world’s first and largest event dedicated entirely to EVs and EV components, technology and infrastructure -- runs May 8-11 at International Convention Center Jeju, organizers said Monday. Ioniq (Hy

May 7, 2019
Automode
Gov't orders recall of 11,500 imported automobiles

South Korea's transport ministry on Sunday issued recall orders for 11,500 units of 58 different imported cars, including those from BMW, Volkswagen and Honda.The Ministry of Land, Infrastructure and Transport said 2,461 units of Germany-based carmaker BMW's 320d and 116i models will be recalled, citing battery problems. (Yonhap)Around 2,000 units of 22 different BMW models, including the 523i, will also be recalled over heater issues.Another 2,000 units of seven Volkswagen models, including th

May 5, 2019
Automode
Renault Samsung halts Busan plant operation for 3 days

Amid ongoing labor disputes, the management of Renault Samsung has decided to suspend operations at its plant in the southeastern port city of Busan for three days starting Monday. It is the first time operations of the Busan plant have been temporarily suspended by the management, not by unionized workers who have staged partial strikes for months. Renault Samsung's Busan plantThe move is widely viewed as an attempt by the management to realign its strategy before reengaging in labor negotiati

Apr 30, 2019
Automode
[Herald Interview] ‘To me, a car is just one of many designs’

BMW interior designer Kim Nury says freshness was key to winning design competition for new 3 series

Apr 30, 2019
Automode
Hyundai Motor records improved Q1 results backed by Palisade

Hyundai Motor said Wednesday its first-quarter operating profit came in at 824.9 billion won ($718 million), up 21.1 percent from last year, boosted by sales of its latest sport utility vehicle model Palisade, which hit the market in December. According to the automaker, first-quarter sales increased 6.9 percent to 23.9 trillion won, while net profit jumped 30.4 percent to 953.8 billion won. Hyundai Motor’s Palisade (Hyundai Motor)Although Hyundai Motor’s global sales decreased 2.7 percent to 1

Apr 25, 2019
Automode

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114