Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Medical feud leaves hospitals in financial crisis
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Probe of first lady on Dior bag allegations set to begin
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'Queen of Tears' riding high on Netflix chart
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Samsung mocks Apple over iPhone alarm glitch
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Kia Cadenza makes successful U.S. debut
Kia Motors America, the U.S. sales arm of South Korea’s Kia Motors Corp., said Thursday that sales of its Cadenza full-size luxury sedan surpassed the 1,000 unit mark for the second time, a development that is widely seen as a successful debut in the U.S.Kia introduced the Cadenza in the United States in April as part of its efforts to enter the country’s premium car market. Kia sold 1,627 Cadenza units in the U.S. in July, bringing the total number of Cadenza units sold this year to 3,155, acco
Aug. 2, 2013
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Toyota facing Japan slump
Toyota Motor Corp. is facing a Japan problem. The company, based in Toyota City, Japan, was outsold by General Motors Co. for the first time in six quarters, as deliveries in Japan extended their decline after government incentives for fuel-efficient models expired last year. Toyota and its subsidiaries sold 2.48 million vehicles during the quarter ended June, just shy of the 2.49 million that Detroit-based GM disclosed earlier this month. Japan’s largest automaker sold 8.4 percent fewer vehicle
July 28, 2013
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France blocks Mercedes compact registrations over coolant
Daimler AG, the world’s third-biggest maker of luxury vehicles, is barred from registering its Mercedes-Benz compact models in France because regulators have stopped accepting a coolant fluid used in the vehicles. The Mercedes A- and B-Class as well as the CLA coupe can’t be registered in the country as they use a refrigerant that no longer meets to European Union environmental regulations, the Ministry of Ecology, Development and Energy said in a statement. Daimler said that it plans legal acti
July 28, 2013
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The ultimate Porsche experience
Design★★★★★Interior★★★★★Engine★★★★★Fuel economy★★☆☆☆Cost and A/S★★★☆☆If there ever was a car to die for, it might be a Porsche. Not just any Porsche but the 911 Carrera S, which is easily anyone’s dream car for two (the back seats are off limits in Korea). I won’t go into the stares I received while driving around in this stunning yellow vehicle as I’m having a hard enough time as it is trying to be objective about the Porsche experience. I won’t dwell too much on how it looks, because we all kn
July 28, 2013
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All-new Lincoln MKZ raises bar
It commands exquisite class and style, but is also exceedingly comfortable and affordable. As far as cars go, it’s pretty hard to find a model that reaches such a high bar. For many, that goes more so for American cars, which have often been seen as clunky and unsophisticated in Korea.Ford’s all-new Lincoln MKZ, launched in May, proves to be different, making it easy to see why the lineup stands as Ford’s best-seller. When I first glimpsed the glistening vehicle sitting in the car park, it was
July 28, 2013
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Hyundai Motor Q2 profit beats estimates on China, Brazil sales
Hyundai Motor Co., South Korea’s largest carmaker, reported second-quarter profit that beat analysts’ estimates, helped by sales in China and Brazil.Net income, excluding minority interests, fell to 2.4 trillion won ($2.15 billion) from 2.45 trillion won a year earlier, the Seoul-based company said in a statement Thursday. Profit beat the 2.37 trillion won average of 15 analysts’ estimates compiled by Bloomberg. Revenue increased 5.7 percent to 23.2 trillion won.Demand for the Elantra Yuedong se
July 25, 2013
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[Photo News] New Sportage
July 23, 2013
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Korea loses top spot in wireless Internet penetration
South Korea is no longer the most wired country in the world, an OECD report showed Sunday. Finland overtook Korea in terms of wireless broadband penetration as of 2012, with Korea’s ranking falling to the fourth out of 34 OECD members.This is the first time that Korea lost the top spot since the OECD started collecting relevant data in 2009.According to the OECD statistics, the number of wireless broadband subscriptions was 103.4 per 100 people in Korea last year.Finland took the top spot with
July 21, 2013
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Court approves Toyota acceleration case settlement
Toyota Motor Corp. won final approval of a settlement, valued at as much as $1.63 billion by plaintiff lawyers, with U.S. consumers who claimed that recalls related to sudden, unintended acceleration caused their vehicles to lose value. U.S. District Judge James V. Selna, who gave the accord preliminary approval in December, signed off on it at a hearing Thursday in Santa Ana, California. The judge in June had delayed a decision until he received further documentation how the money would be dist
July 21, 2013
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Honda overhauls Fit hatchback after enlisting supercar designers
Tensions already ran high at Honda Motor Co. in October 2011, two months after Consumer Reports ridiculed the onetime favorite Civic as a substandard car, when President Takanobu Ito saw drawings of the next Fit. He ripped up the plans and summoned his top two designers. “The design had no character and looked very much like its predecessor,” said Yoshinori Asahi, who co-designed Honda’s top-of-the line NSX supercar. “That made us worried about the future of the car.” Almost two years later, Tok
July 21, 2013
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Competition ‘red-hot’ for jobs at Porsche
Competition to grab a job at the Korean unit of Porsche appears to be reaching fever-pitch. Kim Geun-tak, who is to lead Porsche Korea when it opens later this year, is currently recruiting staff to create a solid base to start from, according to industry sources. “Except for those who are working for one of the German big three brands (BMW, Mercedes-Benz and Audi), the jobs seem to be quite attractive,” said one source, requesting anonymity. It is common for import carmakers to rehire most of t
July 21, 2013
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Aluminum business hopes for auto boom
Carmakers are focusing considerable resources on meeting new fuel efficiency regulations to be implemented by governments in the coming years. And they know more efficient engines and electric powertrains cannot carry the whole load, turning their eyes to new alternative materials to make lighter auto platforms. “Aluminum is a rational choice,” said Shashi Maudgal, president of Novelis Asia, in a recent interview with The Korea Herald. “It is more fuel efficient and three times lighter than stee
July 21, 2013
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China sales of Kia’s K3 compact top 100,000 units
Kia Motors Corp., South Korea’s second-largest automaker, said Sunday cumulative sales of its K3 compact car in China surpassed the 100,000-unit mark last week thanks to its marketability and beefed-up marketing activity.Kia Motors achieved the landmark in eight months and three weeks, the shortest period of time among the company’s passenger car models unveiled in the world’s biggest auto market.Sales of the K3 compact sedan in China had been hovering above 10,000 units per month since November
July 14, 2013
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Peugeot proposes early retirement plan in France
SA Peugeot Citroen, Europe’s second-largest carmaker, plans to offer French workers incentives to take early retirement to trim costs and return to profit, according to a union official. In talks with unions Friday, Peugeot proposed a bonus equivalent to 1.5 months salary to employees that either retire early of work part-time for lower pay, Franck Don, the leader of the CFTC union at the Paris-based company, said by phone. The plan would be available to French workers at least 57 years old, whi
July 14, 2013
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Hyundai U.S. chief: company on track to meet target
Hyundai Motor Co. is “on track” to see sales rise 4.4 percent to 734,000 vehicles in the U.S. this year, even as factory capacity constraints have limited the automaker’s sales growth to just 1.2 percent in the first half, the carmaker’s U.S. chief said. “Our year is going well if you measure it by, ‘Are you selling everything you can build?’” John Krafcik, chief executive officer of Hyundai Motor America, said Friday at a briefing in Ann Arbor, Michigan on the automaker’s 2014 Equus sedan. “It’
July 14, 2013
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Best or nothing in Korea: Mercedes-Benz CEO
Orders are pouring in. Mercedes-Benz Korea has sold more than 1,000 of the new E-Class in the first two weeks since its launch here last month. Facelift models usually don’t go too far out on a limb, but the new E-Class is barely recognizable from the original. It’s still the classy car it was, but with a bold new flavor of pizzazz to attract a new generation of car buffs. The woman behind this success is Britta Seeger, the chief executive who is aiming to sell 7,000 of these crimped new models
July 14, 2013
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Great Wall aims to be next Hyundai Motor
Wang Jiangwei recalls spending last summer sweating through a month of military drills conducted by Chinese People’s Liberation Army instructors. Wang isn’t a soldier; he’s a researcher at Great Wall Motor Co. His Baoding, China-based employer is so profitable, it generates a fatter margin than any listed carmaker in the world. Behind the success is chairman Wei Jianjun, who has built China’s biggest SUV maker with a leadership style that stands out for its emphasis on discipline and frugality.
July 7, 2013
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Hyundai joins race to cut prices
Hyundai Motor on Sunday announced additional price cuts to its top-selling vehicles, including its Grandeur flagship sedan, as part of efforts to maintain its market dominance amid the increased presence of import brands here. In its latest round of price cuts, Hyundai plans to reduce the price tag of the Grandeur by 1 million won ($875) from Monday, with reductions for three others ― the i40, i40 Saloon and Veloster ― to be 300,000 won each, the carmaker said. The move comes after Hyundai’s mo
July 7, 2013
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Grand Cherokee gives new class to SUVs
I dislike SUVs. That’s something I’ve realized test-driving a string of cars these past few months. First of all, they are physically challenging. I have to literally clamber up behind the wheel. Another reason I don’t like them is because I feel I’m about to scrape off the hood whenever I drive into an underground car park. Third and not least, because they are usually diesels, the loud purr of their engines really gets to me.But I must say, the Grand Cherokee from Jeep was a gamechanger. They
July 7, 2013
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Ferrari-fueled Maserati lures bored BMW buyers
Maserati, the Italian maker of exotic cars driven by the likes of U2 frontman Bono and designer Ralph Lauren, is shifting its focus from the elite to the merely wealthy with a mid-sized sedan called the Ghibli. The new car, which will start at $65,600 when it hits U.S. showrooms in September, represents a direct challenge to mainstay German models like the BMW 5-Series, Mercedes-Benz E-Class and Audi A6. The Fiat SpA unit is betting the car can offer something the Germans can’t: Italian sex appe
June 30, 2013