Most Popular
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Yoon sorry for shortcomings but insists policies were right
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1 in 3 Koreans live alone, family types becoming diverse
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S. Korea ‘strongly’ protests Japan’s claim over Dokdo in diplomatic bluebook
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US 'incredibly concerned' about suspected NK-Iran military ties
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Korean won weakens amid heightened uncertainty
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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Seoul says will cut power to porn festival planned on Han River
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Sewol victims commemorated on tragedy's 10th anniversary
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Chanel, Louis Vuitton see muted growth in Korea
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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SUVs, diesels and celebrities add shine to Busan
Audi Korea managing director Johannes Thammer presents the New Audi A8 and A3 Sportback e-tron. (Audi Korea)Male celebrities strutted in expensive, well-tailored suits while so-called “racing models” ― mostly women ― struck glamorous poses to brighten the showrooms of the Busan International Motor Show 2014 that has been visited by more than 170,000 people. But truth be told, it was the cars that highlighted the biennial event. This year, it was all about the outdoors and diesels, with carmakers
June 1, 2014
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Hyundai Motor continues upscale push with new sedans
BUSAN ― Hyundai Motor on Thursday once again highlighted its aspirations to go premium by unveiling a pair of new high-end sedans that appeared to be aimed at winning over customers from its German rivals such as BMW Mercedes-Benz ― two of the world’s most premium carmakers. At the Busan International Motor Show that opened Thursday, the nation’s largest carmaker held the world premiere of its new large sedan that goes by the project name “AG.”Strategically placed between its top-selling Grandeu
May 29, 2014
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Volkswagen unveils design DNA in Busan
BUSAN ― The secret to the sturdy, classic but modern design of Volkswagen vehicles was disclosed on Wednesday before the Busan International Motor Show 2014 that kicks off on Friday. Being innovative, valuable and responsible by following the principle of simple, logical, precise and modern in design on top of safety is what makes Volkswagen cars unmistakable in the cutthroat automobile, according to Oliver Stefani, head designer of the company. “From the signature Beetle to the Golf, from sport
May 29, 2014
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[Herald Interview] GM is here to stay, says firm’s Korea chief
BUSAN ― GM will not leave South Korea, according to the carmaker’s president Sergio Rocha.“I can reassure you that GM is here to stay,” Rocha said on Thursday on the sidelines of the Busan International Motor Show, holding up his right hand as if he was making an oath, during his interview with The Korea Herald.He was addressing concerns that the recent recall orders issued on GM autos manufactured in South Korea may facilitate a pullout by the U.S. carmaker. Sergio Rocha (GM Korea)Rocha stress
May 29, 2014
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Renault Samsung unveils Initiale Paris
BUSAN ― Renault Samsung Motor introduced its latest concept car Initiale Paris as “sophisticated masculinity in a multipurpose vehicle” at the Busan International Motor Show 2014 on Thursday. Initiale Paris also represents the final stage of Renault Group’s design strategy, company officials said. The first stage, which depicted people in love, was embodied in the Dezir line, while the spirit of adventure was highlighted in the Capture vehicles. Later on, family was emphasized in the R-Space ser
May 29, 2014
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Ford recalls over 2,200 Escape SUVs in Korea
Ford Sales and Service Korea, the local importer and distributor of U.S. automaker Ford Motor Co., is recalling more than 2,200 Escape sport utility vehicles for problems with their airbags, door handles and cooling systems, the transportation ministry said Monday.According to the Ministry of Land, Infrastructure and Transport, side airbags of the vehicle may fail to deploy due to a software problem.The problem has been identified in 859 Ford Escapes produced between May 22, 2012, and Jan. 31, 2
May 26, 2014
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[Herald Interview] Financial services broaden Mercedes appeal
Adi Ofek, managing director of Mercedes-Benz Financial Services Korea, had no hesitations on joining the Korean team in January. Among several options given to the then-chief risk officer of Daimler in Africa and the Asia-Pacific, Korea was almost her own choice, she recalled. “It was because of the people. I felt very much at home whenever I visited Korea on business trips,” the Israeli CEO said in an interview with The Korea Herald on Friday. “Koreans are hard-working people. They always try t
May 25, 2014
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Infiniti aims to build Japan business in three years
Nissan Motor’s Infiniti said it may set up business in Japan within three years as the luxury unit seeks to build its brand.“My personal expectation is that we should be able to introduce Infiniti formally to the Japanese market no later than 2017,” Infiniti president Johan de Nysschen said in an interview on Friday in Hong Kong, where the premium carmaker is based. “The brand needs to be there, and we need to have a very clear global footprint.” The Nissan Infiniti Q50 Eau RougeWhile Infiniti a
May 25, 2014
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GM now says 47 crashes tied to defect on ignition switch
General Motors as now linked 47 crashes to small cars with defective ignition switches while saying it hasn’t increased the number of deaths tied to the accidents.“We have done a thorough analysis of all the information available to us and at this time, based on everything we know, there have been 13 fatalities associated with the ignition switch,” Jim Cain, a company spokesman, said Sunday in a telephone interview.GM on Feb. 25 tied 31 frontal crashes to the faulty ignition switches, which can
May 25, 2014
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[Photo News] All new Carnival
Kia Motors unveils the refashioned version of its Carnival minivan at a launch event on Thursday at a Seoul hotel. The car’s fourth row of seats can be folded completely to sink below the floor ― a world first, according to the carmaker. (Park Hyun-koo/The Korea Herald)
May 22, 2014
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Chevrolet’s next ‘Bumblebee’ to appear at Busan motor show
Chevrolet plans to show off 24 concept and production vehicles at the upcoming Busan International Motor Show, including the Camaro concept car that is making its first appearance in South Korea.The car will play the part of the small yellow “Bumblebee” autobot in the next “Transformers” action film. The South Korean unit of U.S. automaker General Motors, which makes cars under the Chevrolet mark, said Wednesday that it has set aside 2,208 square meters of convention center space to highlight it
May 21, 2014
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Kia global sales to hit 30m milestone in May
Kia Motors’ global sales are expected to top the 30 million mark this month for the first time since it launched its first vehicle in 1962, the country’s second-largest carmaker said Monday. The carmaker, operating under the wing of Hyundai Motor Group since 2000, said accumulated sales stood at around 29.93 million units as of late April. Considering that Kia has sold an average of 260,000 vehicles per month this year, the company said it is most likely to reach the significant 30 million miles
May 19, 2014
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[Photo News] Fifth-Gen C-Class
Mercedes-Benz Korea will unveil the fifth generation of its New C-Class at the Busan International Motor Show in June. Four models including two gasoline-powered vehicles ― the New C200 and the C200 Avantgarde ― and two diesel-based sedans will be introduced. (Mercedes-Benz Korea)
May 19, 2014
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Offering more than luxury
Gone are the days when wealthy Koreans would ogle at a Mercedes-Benz or BMW.High-end customers with dough are now turning their eyes to supercars worth more than 200 million won ($195,000).For Italian sports car maker Ferrari, the growth rate in Korea is faster than in Japan, its CEO Luca di Montezemolo told Korean reporters during the Geneva Motor Show in March. In Japan, one of the top-selling markets in the world for supercars, Ferrari sales increased almost 20 percent last year. Even though
May 18, 2014
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GM recalls record 11.2 million cars in U.S. this year
General Motors Co., recalling an additional 2.7 million vehicles for potentially faulty brake lights and other issues, pushed its total number of cars and trucks called back for repairs in the U.S. this year to 11.2 million, the most ever for the automaker.The 2014 total through mid-May is more than GM recalled during the previous six years combined, according to National Highway Traffic Safety Administration records. The Detroit-based company’s previous peak year for recalls in the U.S. was 10.
May 18, 2014
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Hyundai, Kia see 10% rise in China sales through April
Hyundai Motor, South Korea’s leading automaker, and its smaller affiliate Kia Motors Corp. posted a 10 percent rise in their sales in China in the first four months of the year, driven by rising demand for their small passenger cars and sport utility vehicles, industry data showed Sunday.The two automakers sold a combined 582,890 units in the neighboring country in the January-April period, up 10.1 percent from a year earlier, according to the data.Their market share also rose 0.2 percentage poi
May 18, 2014
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A savvy bike for the savvy rider
Elaine Ramirez test-rides on the BMW Motorrad R nineT in Gwanghwamun, central Seoul. (BMW Korea)With a sleek body, smooth transmission and a muscular engine that masters all conditions, it’s got the looks, the moves and the charm: There’s no denying that the new BMW R nineT is a sexy, sexy motorcycle.It’s clear that BMW Motorrad, the motorcycle arm of the German carmaker, has paid extreme attention to detail to blend design and engineering on its newest boxer twin, which rolled out last year to
May 11, 2014
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Battery-supply deal for Toyota RAV4 EV to end: Tesla
Tesla Motors Inc., the electric-car maker planning to build the world’s largest battery plant, said its deal to supply Toyota Motor Corp. with battery packs and motors for a rechargeable crossover will conclude this year.Toyota, which owns a 2.4 percent stake in Palo Alto, California-based Tesla, said in May 2012 it would buy the company’s components for 2,600 electric RAV4 EVs over three years. Elon Musk, Tesla’s chief executive officer, had said he expected Toyota to extend the agreement that
May 11, 2014
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China car sales up 13% as restrictions spur demand
Passenger-vehicle sales in China rose 13 percent last month as consumers brought forward purchases in anticipation more cities will implement ownership restrictions to fight pollution and congestion, according to an industry group.Retail deliveries of cars and multipurpose and sport-utility vehicles climbed to 1.5 million units in April, the Passenger Car Association said today in a statement. That compares with the 1.56 million median estimate of five analysts surveyed by Bloomberg News.Six Chi
May 11, 2014
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Hyundai Motor seeks to recover lost U.S. share with new models
Hyundai Motor Co.’s U.S. operations will recover the market share it lost during the past two years as it takes the constraints off its global factory output and boosts production, the automaker’s top American executive said.“We want to go back above a 5 percent market share,” Dave Zuchowski, Hyundai’s U.S. chief executive officer, said in an interview today. “That’s a top priority for the parent company. In reality, that’s probably a two- or three-year plan.”Hyundai, which almost doubled its U.
May 11, 2014