Most Popular
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Yoon's approval rating plunges to all-time low
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Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
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S. Korea votes in favor of Palestinian bid for UN membership
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[From the Scene] Monks, Buddhists hail return of remains of Buddhas
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Medical schools granted enrollment quota flexibility for next year
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Yoon offers first one-on-one meeting with opposition leader next week
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France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
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Chinese man behind drug scam targeting teens nabbed in Cambodia
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Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
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[Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
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[Photo News] Kia's news Coupe
Aug. 27, 2013
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GM Korea unveils electric car
GM Korea unveiled its electric car, the Chevrolet Spark EV, at a ceremony in Incheon on Tuesday, saying it will begin selling the vehicle in October.“The pure electric Spark EV represents another step forward on GM’s roadmap to providing a variety of solutions that benefit our environment and our customers,” said Sergio Rocha, CEO of GM Korea. “As GM’s first fully electric vehicle in the domestic market, it demonstrates Korea’s important role in GM’s long-term global vehicle strategy.”The Spark
Aug. 27, 2013
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[Photo News] Volvo's new model
Aug. 26, 2013
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‘Korando Three’ brings new vigor to Ssangyong
After years of sluggish sales, Ssangyong Motor has begun to brim with fresh vigor. And behind the carmaker’s successful turnaround is its Korando Three.Ssangyong sales in the first half of this year grew 23 percent from a year ago. Total sales reached 69,000 units, which was at par with its goals and also the highest since 2007. In the second quarter, the carmaker swung into the black for the first time in about six years after posting an operating profit of nearly 3.7 billion won.The strong per
Aug. 25, 2013
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Avante Diesel: New reliable weapon for Hyundai?
In unveiling the Avante Diesel last week, Hyundai Motor broke an unwritten rule in the automotive industry: A carmaker never elaborates on its direct competition. “During the development of the diesel model, we carried out comparison tests with the Volkswagen Golf,” said Jeong Byung-kwon, Hyundai’s chief of compact vehicles, during the launching event. “While Volkswagen’s BlueMotion focused more on better fuel ratings, we made efforts to improve the noise issue and performance as well. We feel c
Aug. 25, 2013
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Hyundai Motor loses $130.3 mil. from Saturday strike
Ongoing strikes at Korea's largest carmaker is having a financial toll on the company.Hyundai Motor is estimated to have lost 145.2 billion won ($130.3 million)Saturday as its workers boycotted that day's overtime shifts, sources said.According to the sources, Hyundai Motor failed to produce 7,104 cars Saturday as its unionized workers did not show up to work for their weekend work shift.The move came after Hyundai's 46,000 union workers staged a partial strike Friday. Hyundai workers also launc
Aug. 24, 2013
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Hyundai Motor union goes on partial strike
Members of the Hyundai Motor Co. union went on a partial strike on Tuesday, citing failed negotiations with management on a wage hike, welfare benefits and job security.Some 4,500 union members of the country’s largest carmaker put down their tools for two rounds of a two-hour strike in the afternoon. Last year’s walkout resulted in a production shortfall of 82,088 vehicles and an estimated sales loss of 1.7 trillion won ($1.5 billion). The union said it will return to the factory line on Thursd
Aug. 20, 2013
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Volkswagen CEO moves to Renault Samsung
Park Dong-hoon, chief executive of the Volkswagen brand at Audi Volkswagen, has joined Renault Samsung Motors as the chief of sales and marketing. “It was not an easy decision, especially since I had worked for eight years side by side with Volkswagen Korea. But I feel it’s time now to apply my know-how to other areas within the auto industry,” Park said regarding his relocation.Park had been with Volkswagen since 2005. Under his leadership, the carmaker’s annual sales jumped from 1,635 to over
Aug. 19, 2013
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Cadillac ATS redefines compact luxury
Cadillac’s entry luxury sedan was beyond what I’d imagined. I had seen the photos but wasn’t sufficiently prepared for what appeared to be the sportiest and most dynamic member of the classic U.S. auto brand. While not straying too far from the original Cadillac look featuring the trademark emblem and grille ― and did you know the shutters open and close at different speeds for better fuel economy? ― the ATS touted sleeker lines and an uplifted beltline that accentuated a youthful image. The elo
Aug. 18, 2013
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Porsche faces new hedge fund cartel claim in legal battle
Porsche SE faces a new legal maneuver from hedge funds seeking to recoup billions of euros they say they lost amid the former sports-car maker’s aborted bid to buy Volkswagen AG.The funds, which include Elliott International LP and Perry Partners LP, are suing Porsche for 1.81 billion euros ($2.4 billion) over claims it manipulated Volkswagen shares by denying interest in a deal before it made a bid. After other investors lost two similar claims at a German tribunal last year, the funds added an
Aug. 18, 2013
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The brains behind the BMW aesthetic
BMW, the best-selling foreign car brand in Korea, has developed the right chemistry with Korean customers in recent years. The nation is the fourth-largest market for the high-end 7 Series behind China, the U.S. and Germany. Its design head Karim Habib, who is credited with the current 7 Series design, also well understands Koreans’ passion for cars and the German luxury brand. “Thank you for your passion and enthusiasm. We will keep providing cars that will hopefully fuel that passion,” he said
Aug. 18, 2013
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Kia Motors opens community center in Malawi
Kia Motors Corp., South Korea's second-largest carmaker, said Thursday it has opened a community center in Malawi, the company's second such project as part of its global social outreach program. The center opened in Salima near the shores of Lake Malawi on Wednesday, and is designed to improve the quality of life of the local people and lower infant mortality rates in the area, said Kia. It also said it has donated three buses to the center to help enhance the mobility of local people in a
Aug. 15, 2013
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New Korando C offers exciting outdoor adventure in city
Sedans used to be at the center of the automotive market. Today, the SUV has become the favored vehicle type as the leisure industry expands and people pursue diverse interests. Following this trend, Ssangyong Motor Co. has launched the new Korando C on Aug. 7 under the slogan of “Urban Adventure.” The launch for the New Korando C was held at the Seoul Marina & Yacht Club in Yeouido, Seoul, and showed off the model’s features and advantages. At the launch event, a photo session was held for jou
Aug. 14, 2013
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Mercedes’ New A-Class: A bite-sized slice of luxury
In Korea’s fast-growing import car market, compact models ― those with an engine capacity of 2,000cc or less ― now make up more than half of new foreign-brand registrations. Mercedes-Benz, after launching the original A-Class hatchback 15 years ago, has long been behind the game in this hotly contested segment, mostly because larger sedans enjoyed a premium. The German carmaker is now looking to shake up the competition and capture a younger generation of drivers here with its smallest and cheap
Aug. 11, 2013
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Tesla co-founder gets $4.3m for SUV work-in-progress
Elon Musk, the billionaire co- founder of Tesla Motors Inc., received $4.3 million in stock-based pay for work on the Model X sport-utility vehicle that the board found probable the company will complete later.Chief Executive Officer Musk’s earnings made up more than 20 percent of the $19.3 million in stock-based compensation Tesla reported for the second quarter. The pay, which doesn’t vest unless the work gets done, was among three adjustments of more than $16 million that Tesla used to explai
Aug. 11, 2013
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Ford Sollers Russia venture cuts production
Ford Motor Co.’s Russian carmaking partnership with OAO Sollers is reducing production and cutting jobs in response to a decline in the vehicle market this year.The Ford Sollers plant near St. Petersburg, the country’s second-largest city, is suspending manufacturing for a combined 20 days from August through September, and will drop one of its three daily shifts after that, the venture said today in an e-mail. Talks are under way with labor unions on the workforce reductions, it said. A spokesw
Aug. 11, 2013
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Lamborghini sees potential here for sporty two-seaters
Lamborghini, one of the most luxurious supercar makers in the world considered to have an advantage from being more affordable than others, sees much potential in the Korean market.“Korea is a very important market. But for the rich people, we are not on their shopping list. We have to be on that list. They can buy Mercedes, BMWs and Porsches, but we are not in there yet. Some do (buy super cars) but it’s not large enough in proportion to the size of the Korean economy,” said Akio Takemura, sale
Aug. 11, 2013
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[Photo News] Super car
Aug. 6, 2013
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[Photo News] Jaguar F-TYPE release
Aug. 5, 2013
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BMW chips away at 2013 Mercedes U.S. sales lead with July gain
Bayerische Motoren Werke AG boosted U.S. sales of its 3 Series cars and X5 sport-utility vehicles last month, helping the automaker narrow the luxury-vehicle lead of Daimler AG’s Mercedes-Benz. Deliveries of the BMW brand rose 13 percent in July to 24,043, while Mercedes reported a gain of 23 percent from a year earlier to 23,648, according to statements Thursday. Toyota Motor Corp.’s Lexus posted a 26 percent increase to 23,031. The monthly results trim Mercedes’s lead this year to 1,124 vehicl
Aug. 4, 2013