Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Samsung, BMW chiefs ramp up electric vehicle battery partnership
Chief executives of Samsung Electronics and BMW Group, two leading business moguls in tech and automotive industries, met on Saturday to strengthen their electric vehicle battery alliance. Samsung Electronics Chairman Lee Jae-yong met with BMW Group Chairman Oliver Zipse at BMW’s driving center in Incheon to discuss further measures to facilitate collaboration, according to the Korean tech giant. It is the second time the two have met since Lee's business trip to Europe in July. &ld
Dec. 18, 2022
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Airports eye travel rebound induced by K-culture boom next year
Piggybacking on the global popularity of Korean culture led by K-pop and K-dramas, Korea Airports Corporation said Thursday it is going all out to attract more international travelers next year. “Welcoming 2023 and 2024 as the Visit Korea Year, we plan to bring in as much as 8.5 million inbound travelers, 40 percent of the pre-pandemic level, by combining K-culture and tourism,” Korea Airports Corporation CEO Yoon Hyeong-jung said during a press conference at the company headquarte
Dec. 15, 2022
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[From the Scene] Hyundai Motor seeks to provide best EV aftersales service
CHEONAN -- South Korea’s leading carmaker Hyundai Motor Group is looking to stay ahead in electric vehicle aftersales services as the company continues to ramp up the development and production of EVs amid the increasing demand for eco-friendly cars. Lee Tae-soo, vice president of Hyundai Motor’s Korean customer service division, pointed to how the country's growing EV market meant customers have come to expect more from them. Korean carmakers from January to October this year s
Dec. 15, 2022
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LG-GM joint venture secures $2.5b from US to fund EV battery plants
Ultium Cells -- a joint venture between LG Energy Solution and General Motors -- has secured a $2.5 billion (3.27 trillion won) loan from the US Department of Energy to help finance the construction and expansion of three electric vehicle battery manufacturing facilities in Ohio, Tennessee and Michigan, officials said Tuesday. According to the Energy Department, the announcement marked the first finalized loan exclusively for a battery cell manufacturing project under the Biden Administration&rs
Dec. 13, 2022
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Pre-pandemic level travel rebound yet to come: Incheon Airport CEO
Although the endemic phase is nearing, Incheon International Airport said Tuesday it will take another three years for South Korea's largest airport to recover the number of international passengers to pre-pandemic levels. “Due to the prolonged COVID-19 shutdowns from China and other countries, we expect the travel demand should rebound by 2025,” said Kim Kyung-wook, CEO of Incheon International Airport. “For next year, we predict international travelers will surge by 59
Dec. 13, 2022
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Hyundai Motor to supply fuel-cell systems to Germany's Faun
Hyundai Motor Group said Monday it will supply a total of 1,100 hydrogen fuel-cell systems to Enginius, an eco-friendly car brand under the Germany-based Faun Group, in a three-year deal. It is the first time the South Korean carmaker has agreed to provide a massive amount of electric power systems. Under the deal, Hyundai’s 90-kilowatt hydrogen fuel-cell systems will power Enginius’ two brands -- Bluepower for garbage trucks and Citypower for cargo trucks whose market debuts are set
Dec. 12, 2022
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Hyundai Motor eyes top spot with 2nd Vietnam plant
HANOI, Vietnam -- Hyundai Motor has mostly remained No.2 in Vietnam in terms of market share, but it seeks to change that with its new plant in Ninh Binh province, located just South of Hanoi, a senior official at the local unit told The Korea Herald. “Bolstered by our increased annual production capacity due to the second factory that started operating in November, our annual sales in the Vietnamese market next year is projected to jump to at least 85,000 to 90,000 vehicles from the curr
Dec. 12, 2022
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Hyundai inches away from double-digit market share in Brazil
Hyundai Motor Group is a small step from seeing double-digit market share in Brazil, 10 years after it first entered the automobile market there. According to data from the Brazil Automobile Dealers Association, Hyundai sold 171,312 vehicles in Brazil in the January-November period, recording a 9.8 percent market share. It marks its second-highest number, following 9.9 percent in 2016. The top-selling car model was the HB20, a subcompact car model exclusively produced for Brazil, selling 89,
Dec. 12, 2022
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[Photo News] Hydrogen fuel-cell alliance
Hyundai Motor Group Vice President Lim Tae-won (left) shakes hands with Patrick Hermanspann, CEO at FAUN Group, at the German carmaker's headquarters in Osterholz Scharmbeck, on Thursday, after celebrating a new partnership, under which Hyundai supplies 1,100 hydrogen fuel-cell systems for FAUN's eco-friendly garbage cars and cargo trucks.
Dec. 12, 2022
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[Test Drive] All-new Hyundai Grandeur a mix of heritage and future elements
The “square Grandeur” is back. Hyundai Motor’s latest and seventh edition of its flagship sedan combines cutting-edge technology with a heritage design inspired by the first-generation Grandeur. When the Grandeur -- Hyundai Motor’s classic high-end sedan -- made its debut in 1986, the luxury car became an instant hit among CEOs at leading companies across South Korea and became a symbol for successful businessmen. Due to the sedan's front side design, it received the
Dec. 11, 2022
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Hyundai’s Ioniq 5 wins Japan’s import car of the year
Hyundai Motor Group's Ioniq 5 electric vehicle has won the title of the best import car of the year in Japan, the automaker said Friday. It is the first time the South Korean automaker has made it onto the award-winning list of the Japan Car of the Year Award. Hyundai’s Ioniq 5 outranked BMW’s iX, Land Rover’s Range Rover, Renault’s Arkana and other distinguished car models. The award’s executive committee said Ioniq 5 was well-received for its innovative des
Dec. 9, 2022
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BMW likely to beat Mercedes-Benz in Korean sales after 7 years
German luxury carmaker BMW is highly likely to top import car sales in South Korea this year, seven years after it lost the No.1 title to its archrival Mercedes-Benz. According to recent data from the Korea Automobile Importers and Distributors Association, BMW sold 71,713 units in the January-November period, outpacing 71,525 unit sales of Mercedes-Benz. With a month left in 2022, industry watchers say BMW is highly likely to take back the No. 1 post this year. The two German brands are the m
Dec. 8, 2022
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[Photo News] All-new BMW X7
BMW Korea said Tuesday that the German carmaker will begin selling its flagship sports activity vehicle the New X7 here. According to the carmaker, the New X7 will feature almost a complete face-lift as the model dons a new exterior design and a more luxurious interior. Prices of the different New X7 models range from 145.8 million to 179.6 million won ($111,300-$137,100).
Dec. 6, 2022
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[Photo News] Future Mobility
Hyundai Mobis will showcase its latest future mobility technology for the first time at the upcoming Consumer Electronics Show held in Las Vegas from Jan. 5 to 8, 2023, the company said Monday. The concept vehicle named M Vision TO will feature four pillars that operate sensors for autonomous driving and display technology for mixed reality.
Dec. 5, 2022
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[Photo News] Instant icon of the year
Hyundai Motor’s N Vision 74, a high-performance hydrogen fuel cell hybrid concept, has been awarded the Instant Icon Award by TopGear.com, the top UK motoring website, the South Korean carmaker said Thursday. Its sibling Kia also won the award for manufacturer of the year.
Dec. 1, 2022
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Hyundai Glovis taps financial specialist as new CEO
Hyundai Glovis, a logistics affiliate under South Korean automobile giant Hyundai Motor Group, has tapped Lee Kyoo-bok, an executive with the carmaker, as the company’s next CEO, officials announced Wednesday. Lee, who was also promoted to the group’s executive vice president with the CEO appointment, has served as the head of the carmaker’s sales office in Europe and chief financial officer of the US manufacturing corporation. As an expert in strategic planning for overseas sa
Nov. 30, 2022
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Hyundai Motor's creative chief promoted to president
Luc Donckerwolke, Hyundai Motor Group’s executive vice president and chief creative officer, has been promoted to the group’s president, the South Korean auto giant announced Wednesday. Donckerwolke, a Belgian native, has led the growth of the carmaker’s brand identity in the global market since he joined the company in 2016. Hyundai Motor said Donckerwolke has initiated the direction for the company’s various creative projects, including the establishment of Genesis Hous
Nov. 30, 2022
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Korean Air offers lie-flat seats for smaller A321neo planes
Korean Air, South Korea’s largest air carrier, will begin offering lie-flat seats in smaller aircraft -- its recently received Airbus 321neo -- in December, the company said Wednesday. With the introduction of the A321neo, Korean Air will become the country’s first air carrier to have lie-flat seats in a narrow-body aircraft. The A321neo, a single-aisle airplane with 182 seats, will operate on short-haul routes to China, Japan and Southeast Asia, according to Korean Air. Short
Nov. 30, 2022
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Volkswagen's Tiguan, affordable SUV with robust perfomance
Volkswagen Korea’s bestselling sport utility vehicle Tiguan has established its position as an affordable and robust performance-based car to Korean drivers. Since making its debut in July 2008, the Tiguan has been the German carmaker’s top-selling car here. As of November, it has sold an accumulative 59,532 units, an equivalent of 270 Tiguans every month. The Korean unit predicted the accumulative sales figure to hit the 60,000 mark by the end of this year. Volkswagen Korea said it
Nov. 28, 2022
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[Photo News] Hyundai Motor winning WTCR championship
Nov. 27, 2022