Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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S. Korea, Slovenia seek stronger ties in EVs, logistics
South Korea and Slovenia discussed ways Friday to enhance bilateral cooperation on electric vehicles, logistics and advanced industries, Seoul's industry ministry said. During the meeting with Slovenia's economic minister, Matjaz Han, in Seoul, Seoul's Trade Minister Ahn Duk-geun pointed to the recent growth in the EV market in the European nation and voiced expectations for stronger ties in the related sectors, according to the Ministry of Trade, Industry and Energy. Ahn also ask
June 30, 2023
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S. Korea's forklift exports up 57% through May
South Korea's forklift exports jumped nearly 57 percent on-year in the first five months of 2023, data showed Friday, following a rebound in the global construction industry. Exports of forklifts reached $525 million from January to May this year, reaching a record-high amount for the period, according to the data compiled by the Korea Customs Service. The agency attributed the growth to increasing demand from construction sites worldwide, as some companies in major countries shifted their
June 30, 2023
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EU antitrust regulators temporarily halt probe of Korean Air-Asiana deal
BRUSSELS (Reuters) -- EU antitrust regulators have temporarily suspended their investigation into Korean Air Lines' proposed acquisition of Asiana after the former asked for more time to prepare remedies to address competition concerns, the South Korean carrier said on Wednesday. The temporary halt took effect on June 23, the European Commission's site shows. "Korean Air has requested a deadline extension to render comprehensive remedies that can address the EC’s concerns, a
June 28, 2023
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Lucid CEO says Aston Martin EV tech deal is just the beginning
LONDON (Reuters) -- Lucid will pursue more deals to sell its luxury electric vehicle equipment as it looks to grow its technology supply business, its top executive said on Wednesday, adding its recent deal with Aston Martin is just the start. The US EV firm will provide Aston with technology including a rear drive unit with twin motors, battery modules and software for integrating systems under the agreement with the British luxury carmaker announced on Monday. The parts will come from Lucid
June 28, 2023
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[Best Brand] Noble Klasse offers top-class luxury limousine service
KC Motors’ luxury limousine brand Noble Klasse is a leading player in the nation’s premium limousine market that is equipped with both design and production capabilities. Since its debut in 2015, its limousine lineup consists of L4, L9, L9 Standard and L13 models based on the number of passenger seats. The smallest second generation L4 is the nation’s first limousine with a full partition that offers a comfortable ride for a limited number of VIP passengers. The car comes with
June 28, 2023
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[Best Brand] Yamaha aims to enhance motorcycle safety
Yamaha Motor Company has been a pioneer in making motorcycles safer and more convenient by developing and incorporating cutting-edge electronic safety equipment. In particular, the all-new XMAX 300 sports scooter, recently released in South Korea under the distributor Hankook Motor Company, touts such innovative technology, making it a viable option for riders who want to be safer on the road. The vehicle comes with an anti-lock brake system and a traction control system, Yamaha said, which inst
June 28, 2023
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Hyundai invests W2b in auto chip startup
Hyundai Motor Group said Wednesday it has made follow-on investments worth 2 billion won ($1.5 million) in Korea-based auto chip startup Bos Semiconductors in a move to boost its autonomous car business. Under the deal, the carmaker plans to strengthen its strategic partnership with the startup and develop auto chips for self-driving cars and electric vehicles. Further details on the investment including in which car lineups the startup’s chips will be installed were not made available. Th
June 28, 2023
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[Herald Interview] ‘Lamborghini Revuelto is sold out in Korea until 2025’
South Korea has become Lamborghini’s eighth-largest market in the world and No.1 in the Asia Pacific last year, selling over 400 units for the first time. With the growing strategic importance of the Korean market, the Italian high-end car brand is upping the ante here with its first hybrid sports car Revuelto, according to the company’s regional chief. “(Even before the official launch,) through pre-orders, the allocated number of cars until 2025 for the Korean market has comp
June 27, 2023
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Hyundai Mobis bets big on futuristic displays
Hyundai Mobis, a South Korean automotive parts maker under Hyundai Motor Group, is seeking to lead the global in-vehicle display market with its rollable and swivel displays. “Hyundai Mobis is developing various in-vehicle display technologies centered on innovating space, enhancing user satisfaction and securing passenger safety,” said Han Young-hoon, Hyundai Mobis’ vice president heading the Electronics Convenience and Control lab during a media conference held at the company
June 27, 2023
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[Test Drive] Lexus’ answer for luxury EV
Unlike other global carmakers going all-out to launch fully electric vehicles, Toyota and its premium brand Lexus have insisted on developing hybrid cars. However, with burgeoning demand for battery-powered EVs (BEVs) in Korean and other major countries’ clean car markets, Lexus aims to expand its footing with the first BEV lineup, The All New Electric RZ. RZ 450e, the first EV in the RZ lineup, is a crossover utility vehicle -- a mix of sedan and sport utility vehicle -- that runs on To
June 26, 2023
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Hyundai Motor chief underlines Vietnamese cooperation
The leaders of Hyundai Motor Group and Vietnam National University, Hanoi, agreed to establish a new cooperation center to nurture professional talent and advance the competitiveness of the Vietnamese auto industry, the South Korean company said Sunday. According to the Korean automaker, Hyundai Motor Group Executive Chair Chung Euisun and Le Quan, the President of Vietnam National University, Hanoi, met Friday on the school’s Hoa Lac campus to discuss various ways for cooperation. “
June 25, 2023
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Airlines cut flights to China amid lukewarm demand
South Korean airlines have decided to downsize the number of routes between Korea and China during the summer peak season, following less-than-expected passenger demand for traveling between the two countries, according to industry sources on Sunday. National carrier Korean Air said it will stop the operation of routes between Gimpo International Airport and Beijing from Aug. 1 to Oct. 28, while its routes connecting Incheon Airport and Xian will also be suspended from Aug. 9 to Oct. 28. The nat
June 25, 2023
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Lamborghini to launch Revuelto hybrid sports car in Korea
Lamborghini said Friday it would be launching its first plug-in hybrid high-performance sports car, the Revuelto, in Korea. “Revuelto sets another big milestone for Lamborghini’s new flagship vehicle. This is an important moment for us to launch the car model here in Korea,” Francesco Scardaoni, Asia Pacific regional director of Lamborghini, said at a press conference in Gimpo, Gyeonggi Province. Named after a Spanish fighting bull, Revuelto merges the best of Lamborghini&rsq
June 23, 2023
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[Herald Interview] Cross-border cooperation drives success of Chevrolet Trax Crossover
The number of preorders for the second-generation Chevrolet Trax Crossover surpassed 13,000 a week after the Korean office of General Motors launched the preorders in March. The figure set a new record for the American auto brand as the vehicle with the most preorders in a week, according to GM. The vehicle’s relatively cheap price tag starting at 20.5 million won ($15,900) is likely to have contributed to the sales rush, but the automaker is attributing both the vehicle’s immersive
June 22, 2023
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[Photo News] Hyundai renews Japan push
Hyundai Motor Company has joined hands with Japanese lifestyle content company Culture Convention Club (CCC) to expand its presence in the Japanese market by offering future mobility services such as zero-emission vehicles. According to the Korean automaker, the two sides will also cooperate in setting up a global experience-based platform and in conducting data-based marketing activities. In this photo, Hyundai Motor Company CEO Chang Jae-hoon (left) and CCC CEO Yasunori Takahashi pose for a ph
June 22, 2023
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Renault Korea in talks to manufacture EVs at Busan plant
Renault Korea Motors, the South Korean unit of Renault S.A., said Thursday it is in talks with the South Korean government to manufacture electric vehicles at its sole Busan plant amid carmakers' accelerating electrification push. Busan Mayor Park Heong-joon met with Renault Executive Vice President Guido Haak in Paris on Tuesday during his visit to France to help promote Busan's bid to host the World Expo 2030. In the meeting, Haak said the French carmaker is planning to invest in the
June 22, 2023
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[Herald Interview] Koreans' 'discerning taste’ spurs Mercedes-Benz's growth
Mercedes-Benz Korea sold 80,976 units last year -- the first time an auto importer has sold more than 80,000 in a year here -- while claiming the top spot for the seventh consecutive year among foreign automakers in South Korea. Thomas Klein, who is wrapping up his 2 1/2-year tenure as the CEO of the German carmaker’s Korean office this week, says the auto brand’s success here is linked to Korean customers’ "discerning taste." “I believe South Koreans in general
June 21, 2023
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Lexus showcases first battery-powered EV in Korea
Toyota’s premium brand Lexus on Wednesday announced the Korean launch of its first battery-powered electric vehicle, the all-new electric RZ 450e, marking a shift from its hybrid EV-focused business portfolio. “Korea is a key market for understanding the latest trends of (the) automotive market because customers here are trend-savvy and show great interest in cutting-edge technology,” said Lexus International CEO Watanabe Takashi during a press conference in Seoul. “Latel
June 21, 2023
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Volvo’s crossover lineup offers 'all-road' adventure package
Ahead of this year’s vacation season, carmakers are increasingly launching crossover vehicles that combine the comfort of sedans with the roominess of SUVs. Swedish carmaker Volvo is no exception. Its crossover lineup, dubbed “Cross Country,” offers an “All-Road Package” suitable not only for outdoor activities like travel and camping, but also for daily driving. According to the carmaker, the lineup consists of the V60 CC and V90 CC, which provide ample cargo space
June 21, 2023
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7 firms to recall over 320,000 vehicles over faulty parts
Hyundai Motor Co., Mercedes-Benz Korea Co. and five other companies will voluntarily recall more than 320,000 vehicles to fix faulty components, the transport ministry said Wednesday. The companies, including Kia Corp., GM Korea Co., Volkswagen Group Korea, Ford Sales & Service Korea and FMK, which sells Ferraris and Maseratis in the country, are recalling a combined 326,723 units of 22 different models, the Ministry of Land, Infrastructure and Transport said in a statement. The problems tha
June 21, 2023