Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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AAA: motorists may save $75b on gasoline this year
The rout in crude oil prices may mean as much as $75 billion in gasoline savings for U.S. drivers in 2015, according to AAA.Americans saved $14 billion on the motor fuel last year compared with 2013, Heathrow, Florida-based AAA, the country’s largest motoring group, said by email. Pump prices dropped a record 97 consecutive days to a national average of $2.26 a gallon yesterday, the lowest since May 12, 2009.A global glut of crude oil and a standoff between U.S. producers and the Organization of
Jan. 4, 2015
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Hyundai-Kia forecasts slowest sales gain in 9 years
Hyundai Motor and Kia Motors, South Korea’s largest automakers, forecast their weakest sales growth in nine years as they run out of capacity to increase output and competition intensifies in major markets.The companies’ combined deliveries will rise 2.5 percent to 8.2 million vehicles in 2015, Chung Mong-koo, chairman of both automakers, said during a New Year address to employees in Seoul on Friday. That would be the slowest growth since 2006. The forecast was in line with the median estimate
Jan. 4, 2015
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Ssangyong to roll out new SUV lineup
Ssangyong Motor Co. said Sunday it will launch new and improved versions of its sport utility vehicles (SUVs) in the South Korean market, upgrading features but limiting gains in price. The local unit of Indian SUV maker Mahindra & Mahindra said its Korando C, to be launched here this week, is equipped with Japanese transmission maker Aisin Seiki Co.'s 6-speed automatic gearbox, along with a Dynamic Eco engine with strong low-end torque to provide drivers with better fuel efficiency. The five-se
Jan. 4, 2015
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Hyundai Motor launches improved 2015 Equus in home market
Hyundai Motor Co. said Sunday it will launch the 2015 Equus full-size upscale sedan this week in its home market, placing greater emphasis on luxury with the addition of various driver-focused technologies. South Korea's No. 1 automaker said the vertical radiator grille and 17-speaker Lexicon sound system were added to the new Equus as standard, while the interior has been fitted with premium Napa leather for the Exclusive trim levels and above."The 2015 Equus places focus on adding more of the
Jan. 4, 2015
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Carmakers to bet big on new models
South Korean carmakers are pinning high hopes on new models this year to help defend their home turf from increased competition from foreign brands.Despite increased car sales, the nation’s five carmakers ― Hyundai Motor, Kia Motors, Renault Samsung Motors, GM Korea and Ssangyong Motor ― continued to lose market share in 2014. Industry watchers predict that foreign carmakers’ sales will exceed a record 220,000 vehicles in 2015, with their combined market share hitting a new high of 15 percent.
Dec. 31, 2014
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Hyundai Motor gets gov't approval to build 2 plants in China
Hyundai Motor Co., South Korea's top carmaker, said Tuesday it received the Chinese government's approval to build two additional factories in the country. The long-awaited approval will now allow Hyundai Motor to build a factory in the southwestern city of Chongqing as well as in Cangzhou, northeastern China, beginning next year, company officials said. The South Korean automaker had initially signed a preliminary agreement to build just one factory in Chongqing earlier this year, but Hyun
Dec. 30, 2014
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Hyundai's new Sonata hybrid flying off lots in S. Korea
South Korea's top automaker Hyundai Motor Co. said Monday it has sold more than 1,000 units of its new Sonata hybrid midsize sedan during the first eight days of sale, reflecting a promising outlook for the carmaker's new eco-friendly model despite plunging oil prices. A total of 1,174 orders have been made for the Sonata hybrid in the eight business days since its introduction to the home market, according to the data compiled by Hyundai Motor. The number is more than 70 percent higher than
Dec. 29, 2014
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‘Great era’ for women in Korea, says Hyundai’s first female VP
When Choi Myoung-wha graduated from Korea University in 1988, many of the nation’s biggest companies didn’t hire women in their annual recruitment drives. Armed with a degree in French literature, Choi landed a job at Samsung Group through a special program thanks to her language skills.Today, South Korea’s first female president Park Geun-hye is pushing for more female managers in public service and calling for more measures to help working mothers. Women are hired fresh out of college by South
Dec. 28, 2014
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Audi to invest $29b to luxury market
Audi will spend 24 billion euros ($29 billion) to develop technology and expand production, boosting its five-year investment plan by 2 billion euros as it chases BMW for the top spot in luxury-car sales.About 16.8 billion euros, or 70 percent of the total, is earmarked for new models like the Q1 subcompact sport-utility vehicle, the Ingolstadt, Germany-based unit of Volkswagen AG said Friday in a statement. Audi expects to sell a record of more than 1.7 million autos this year.“We are making la
Dec. 28, 2014
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Nissan Leaf makes Korean debut on Jejudo
The Nissan Leaf, the world’s best-selling electric vehicle, made its Korean debut on Tuesday, with the first batch of 15 vehicles delivered to customers living on the southern island of Jejudo. Launched in late 2010, the full-electric five-door hatch has sold more than 147,000 units globally. It churns out up to 80 kilowatts of power (109 horsepower) and a maximum torque of 25.9 kilogram meters. For its long-awaited Korean debut, the Japanese carmaker chose Jejudo due to the provincial governme
Dec. 28, 2014
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New Sonata hybrid a pleasant surprise
The new Sonata hybrid was a pleasant surprise to drive, defying all the skepticism people might have about domestic hybrid cars. Hyundai Motor’s ambitious new hybrid version of one of the country’s best-selling midsize vehicle was satisfying, with high fuel economy ― its combined gas mileage stood at 17.7 kilometers per liter for the 17-inch wheels ― power and driving comfort.The test drive was held on Dec. 23 on the roads between Mayfield Hotel in Gimpo, Gyeonggi Province, and Incheon Hyatt hot
Dec. 28, 2014
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BYD e6 to make Korean debut at Jejudo expo
JEJUDO ISLAND ― The Warren Buffett-backed Chinese electric carmaker BYD will showcase its e6 car in Korea during the International Electric Vehicle Expo in March on Jejudo Island, expo officials said Friday. “BYD executives visited the island recently and they were greatly impressed by the abundant infrastructure here,” said Park Jae-chan, director general of the event. But no immediate plans for Korean sales are known, he added.Founded by billionaire chairman Wang Chuanfu as a battery and hands
Dec. 26, 2014
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Ssangyong to recall cars for defective wheel
Ssangyong Motor Co., the local unit of Indian carmaker Mahindra & Mahindra Ltd., will recall more than 110,000 cars sold here for defective wheels that may come off while driving, possibly leading to an accident, the transportation ministry said Friday.The problem comes from a defective ball joint that may cause the wheels to come off, according to the Ministry of Land, Infrastructure and Transport.The recall affects 112,920 units of four vehicle models ― the Rexton, the Kyron, the Actyon and Ac
Dec. 26, 2014
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Hyundai-Kia aims to sell 8.4m vehicles in 2015
Hyundai Motor Group is expected to raise its global sales target to 8.4 million vehicles in 2015 worldwide despite worries about a weaker Japanese yen and slowing sales in emerging markets.According to company officials on Thursday, chairman Chung Mong-koo will announce the new sales target on Jan. 2 during a speech at the group’s New Year ceremony in Seoul.“Our sales and marketing divisions have already started drawing up next year’s plans under the increased sales goal,” said a company officia
Dec. 25, 2014
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Ssangyong poised to enter U.S. with Tivoli
Ssangyong TivoliSsansgyong Motor’s long-awaited U.S. entry seems to be gaining fresh momentum as the Korean carmaker recently filed trademark requests for its two car names with the U.S. patent agency. According to the U.S. Patent and Trademark Office on Tuesday, Ssangyong registered two words “Tivoli” and “Luvent” for trademark registration in June. The purpose of the registration was listed as vehicle use.Tivoli is the name of the carmaker’s new compact crossover that will make its Seoul debut
Dec. 23, 2014
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Kia Motors begins selling new Pride subcompact
South Korean carmaker Kia Motors Corp. said Tuesday that it has started selling "the new Pride," a facelift version of its previous subcompact model, expecting to appeal to consumers with its refined designs and improved safety features. The new Pride shows off a newly designed front bumper and radiator grille, while using chrome material garnish to make it look more sharp and luxurious, the carmaker said.The company said that it has tried to enhance the overall dynamic and refined image of the
Dec. 23, 2014
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Hyundai Motor's auto sales to exceed 300,000 in Middle East this year
Hyundai Motor Co., South Korea's top automaker, said Tuesday it expects to sell more than 300,000 vehicles in the Middle East this year thanks to strong demand for its newly launched Sonata mid-size sedan there.Hyundai Motor expected that it may sell about 340,000 vehicles in 10 Middle East countries, including Saudi Arabia, Oman, Kuwait, Qatar, Jordan and Lebanon. The sales would be 3 percent larger than a year earlier. This would mark the third straight year that Hyundai's car sales exceed 300
Dec. 23, 2014
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BMW M chief joins Hyundai’s performance car push
Hyundai Motor said Monday that it hired Albert Biermann, chief engineer for BMW’s M performance cars, to develop high-performance models and to improve the ride and handling of its existing mass-market vehicles. As of April 1, Biernamm will serve as senior vice president to become the Korean carmaker’s second-highest foreign executive after president and design chief Peter Schreyer, who joined Hyundai-Kia in 2006 from Audi. Unlike Schreyer who stays mostly at his own design studios in Germany an
Dec. 22, 2014
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Ssangyong Motor begins receiving pre-orders for Tivoli crossover
Ssangyong Motor Co. said Monday it has started to receive pre-orders for the Tivoli crossover ahead of its official sale starting earlier next year. The Tivoli is the latest model Ssangyong Motor has unveiled following the Korando C in 2011. The new crossover vehicle is equipped with alloy wheels, LED rear lamps and the "smart steer" that provides three modes of steering -- normal, comport and sports -- as basic options. The crossover also provides roomy inside space along with a 423 liter cargo
Dec. 22, 2014
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Hyundai Motor hires BMW engineering official for development of high-performance cars
Hyundai Motor Co., South Korea's top automaker, said Monday it has hired a ranking official from BMW to lead its research and development for high-performing vehicles. Albert Biermann, 57, was named a vice president for Hyundai Motor and its sister company Kia Motors Corp. He will start work on April 1."We will have him in charge of developing high-performing vehicles and leading (research efforts on) performance, safety, durability, noise oscillation and system development," Hyundai Motor said
Dec. 22, 2014