Most Popular
-
1
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
-
2
Korea’s homegrown nanosatellite successfully launches into space
-
3
Nicaragua shuts down Seoul embassy
-
4
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
-
5
Hybe's multilabel system tested amid conflict with Ador
-
6
SNU profs to suspend treatment for one day
-
7
SK hynix pledges W20tr to ramp up DRAM production at home
-
8
Over-50s, men, single-person households take up majority of those filing for bankruptcy
-
9
Ministry denies blame for Jamboree debacle
-
10
Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
-
New Genesis to take on BMW, Benz
The wraps have come off Hyundai Motor’s latest flagship sedan. On Thursday, the media was offered a sneak peak into the next generation Genesis that the country’s largest carmaker has been developing for years in a bid to outperform global premium brands such as the BMW and Mercedes-Benz.“The new Genesis is the first car that reflects our new brand identity of ‘modern premium’ and product identity of ‘caring,’” said executive vice president Hwang Jeong-ryeol who overlooked the project. “The new
Oct. 24, 2013
-
Audit derided as show, lacking in substance
It’s called an “audit” and witnesses are called in, but those on the receiving end of the questions are barely allowed any time to answer, and it soon becomes clear it’s more about offering the “right” answers and less about the truth. The right answer, in most cases, is to agree with whatever the lawmakers have to say. When this doesn’t happen, things can get ugly. The local imported car sector learned this when the CEOs took a stand for the first time in Korea. Now, some of them may be facing
Oct. 21, 2013
-
Toyota Korea marks Home Coming Day
To celebrate its fourth year in Korea this month, Toyota Motor Korea said it would hold a Home Coming Day event between Oct. 19 to 27 to offer gifts and test-drive opportunities to customers visiting Toyota showrooms.The company said that this year was particularly meaningful as Toyota was the fastest among imported carmakers to sell more than 30,000 cars since the data was first compiled in 2003. As of September, Toyota sold 30,490 vehicles here to surpass the 30,000 mark for the first time sin
Oct. 20, 2013
-
Maxcruz, a practical all-purpose SUV
Simply put, Hyundai’s Maxcruz is a practical and well-performing diesel engine that promises to be a truly versatile SUV. That sounds much like an ad, but the Maxcruz deserves the praise, particularly for its exceptionally easy driving experience that combines smooth cornering with an adequately powerful engine. For me, the most surprising aspect was that despite its length ― the Maxcruz looks like a stretch-limo version of the Santa Fe and is about 20 cm longer ― the car was so easy to maneuver
Oct. 20, 2013
-
GM Korea recognized for emission reduction
GM Korea on Thursday was awarded by the Ministry of Trade, Industry and Energy for its efforts to reduce energy consumption and CO2 emissions.The ministry, which adopted a CO2 emissions management system in 2010, evaluated related gas-reduction efforts at individual workplaces over the past three years. The Korean unit of the U.S.-based General Motors was the only carmaker that was honored with the award. “GM Korea is one of our global operations that have successfully carried out GM’s environme
Oct. 20, 2013
-
New E-Class likely to achieve 7,000 sales
Mercedes-Benz is expected to reach the 7,000 mark in sales of the new E-Class this year as its chief executive Britta Seeger had previously predicted.Last month, the German carmaker sold more than 1,400 units, up from 866 in August. As of the end of July, it had sold more than 2,000, which suggests that the company will be capable of comfortably achieving the 7,000 goal, especially considering that the car was launched only in June. Packaged in a brand new design and grill, and with prices start
Oct. 20, 2013
-
Jaguar Land Rover supports sports in Korea
Jaguar Land Rover Korea on Saturday held the 2013 Land Rover Han River Yacht Race jointly with the Seoul Yacht Association to help boost sports in Korea, the company said. It also marked the launch of the All-New Range Rover Sport on Friday.The Land Rover Han River Yacht Race was the largest cruising yacht race to be held on the Hangang River to date. Land Rover Korea also said it made a 200 million won ($188,600) donation to the Seoul Yacht Association to help nurture young yacht players and th
Oct. 20, 2013
-
Hyundai Motor expects China sales to top 1 million this year
BEIJING (Yonhap News) ― Hyundai Motor Co., South Korea’s top carmaker, said Sunday that annual sales of its vehicles in China will likely reach 1 million units for the first time this year, despite an economic slowdown in the world’s largest auto market. Hyundai began its Chinese sales campaign in 2002 by establishing a joint venture with local partner Beijing Automotive.In the first nine months of the year, Hyundai saw its sales in China jump 28 percent from a year earlier to 760,916 units. “In
Oct. 20, 2013
-
‘Korean-style’ BMW 4 Series Coupe unveiled
BMW Korea unveiled the 4 Series Coupe on Thursday at an event in Paju, Gyeonggi Province.Styled by Korean designer Kang Won-kyu, the all-new 4 Series Coupe is longer, lower, wider and more efficient than the outgoing 3 Series Coupe.“The 4 Series Coupe will be an attention getter on the road. The flowing roof emphasizes its masculine shoulder and voluminous body,” said Kang. He added that five Korean designers are working at BMW. The production model, which went on sale on the day, shares many of
Oct. 17, 2013
-
Lawmakers grill foreign car execs
The chief executives of four foreign-brand cars here appeared at the National Assembly audit on Tuesday to answer questions on their trade practices. It marked the first time that these top executives took part in the sessions for testimony. The National Policy Committee had called on four CEOs: BMW Korea CEO Kim Hyo-joon, Mercedes-Benz Korea CEO Britta Seeger, Ford Korea CEO Jung Jae-hee who is doubling as chairman of the Korea Automobile Importers and Distributors Association, and C.S. Lim, ch
Oct. 15, 2013
-
Renault Samsung begins production of electric car
Renault Samsung Motors has started to mass produce the SM3 Z.E. in its Busan plant, the carmaker said on Monday.Starting next year, the company plans to produce up to 4,000 of the vehicles annually with the aim of becoming a leader in the electric car industry.“Electric cars will be the engines of growth leading the green growth of Korea,” said Francois Provost, chief executive of the company, adding Renault Samsung Motors had every intention of fully supporting the initiative. In the ten “pione
Oct. 14, 2013
-
Jaguar Land Rover aims for 5,000 in unit sales
INJE, Gangwon Province ― Jaguar Land Rover is aiming for up to 5,000 units in annual sales here by 2015 based on burgeoning optimism over the rapid growth of the Korean market.“It’s ambitious but I think it’s not an impossible goal,” David Blackhall, managing director of Jaguar Land Rover Asia Pacific, said at a racing event held at Inje Speedium on Thursday. Last year, Jaguar Land Rover Korea sold 3,118 cars. The year 2015 is special for the carmaker since it’s also when Jaguar will introduce a
Oct. 13, 2013
-
Renault Samsung sales chief pledges return of heyday
Renault Samsung Motors is the only car brand here that can go head to head with the powerful duo of Hyundai and Kia, its new sales and marketing chief said recently. “Renault Samsung was once the No. 2 brand next to Hyundai-Kia. My goal is to revive its heyday and that’s also the reason why I moved to the company,” Park Dong-hoon, the carmaker’s new sales chief, said Thursday in his first meeting with reporters. “It may be difficult to lower car prices as much as Hyundai and Kia due to the econ
Oct. 13, 2013
-
Volkswagen 9-month sales top 7 million for first time in China
Volkswagen AG’s nine-month sales topped 7 million vehicles for the first time as demand in China more than offset a decline in Europe. Deliveries rose 4.8 percent to 7.03 million cars and trucks, the Wolfsburg, Germany-based automaker, the region’s largest, said Friday in a statement. September sales gained 7 percent to 856,900 vehicles. The maker of VW, Audi and Porsche vehicles is relying on growth in China, the world’s largest auto market, to balance slumping demand in Europe, where sales are
Oct. 13, 2013
-
Porsche plans to enter 15 new countries, mainly in Africa, by ’20
Porsche AG is looking to enter 15 new countries by the end of the decade, mainly in Africa, as part of its growth strategy. “We’re covering new markets where we have not been in yet,” Bernhard Maier, Porsche’s global sales chief, said in Shanghai at the opening of its largest dealership in the world. “We’re aiming to go into an additional 15 countries by the end of the decade.” He said Porsche would look to north Africa, without specifying which markets. Expanding into new countries would help P
Oct. 13, 2013
-
Porsche offers perks for used cars
Stuttgart Sports Cars, the official importer of Porsche in Korea, has organized a fair for used Porsche cars at Porsche Center Bundang to take place Oct. 10-20, the company said on Tuesday.Customers who purchase a car at the event can benefit from an additional 30 percent discount on Genuine Porsche equipment and lower interest rates by using Porsche Financing for the purchase. A complimentary voucher for Porsche “Driver’s Selection items” also will be offered to customers.The sports car dealer
Oct. 8, 2013
-
Hyundai Motor perfects Korean with ‘Hangeul bible’
It turns out that Chung Mong-koo, chairman of Hyundai Motor Group, is a devoted aficionado of the Korean language. At his company, the nation’s top carmaker and the fifth-largest in the world, there is an 80-page handbook that has been passed down to the current generation, meant to be read and committed to memory by all Hyundai employees. While some of the pages have been digitized for online distribution, the handbook remains largely in hardcopy. The main content of the volume is the precise K
Oct. 8, 2013
-
British mag says LG’s G2 phone new king of Android
A British magazine has praised the G2, the latest flagship smartphone of South Korean tech giant LG Electronics Inc., by calling it the new king of Android.Stuff said in its September issue posted on its website that the G2 marks LG’s magnificent return to form on the smartphone scene and it has rocketed straight to the top of its top 10 smartphone list.“It dispatches its arch-rival’s offering with relative ease. This is a faster, nicer-screened and crisper-cameraed device than the Samsung Galax
Oct. 6, 2013
-
Lamborghini bullish on nascent Korean market
Customers all over the world have to queue for months to get their hands on a Lamborghini, according to the Italian “super sports car” brand. In key markets, it takes 12 months for the scissor-doored Aventador and 18 months for its roadster version. However, for the Korean clientele, the waiting time is expected to be reduced by as much as two to three months, thanks to support from its headquarters in Bologna, not to mention Volkswagen Group, which now owns Lamborghini. “That would be faster th
Oct. 6, 2013
-
Ssangyong Korando C makes European debut
Ssangyong Motor’s flagship SUV Korando C made its Europe debut on Wednesday in Germany ― another fresh signal that the carmaker is making a successful turnaround from a court receivership back in 2009.In the German city of Wiesbaden, Ssangyong held an event to launch the New Korando C, with some 140 journalists and retailers from 19 European countries in attendance.With the Europe launch, the latest-generation Korando C will go on sale globally in the coming weeks through the company’s dealershi
Oct. 6, 2013