Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Golden chance to liquidate babies’ gold rings?
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Inflation eases in April, continues bumpy ride
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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Korean EVs, batteries’ global market share dips
The global market share of Korean-made battery electric vehicles (BEVs) and lithium-ion batteries shrank last year with greater competition from Chinese and German makers, according to a report released on Wednesday by a major business lobby group. Based on statistics from the International Trade Center, the Federation of Korean Industries (FKI) analyzed the changing landscape of the global BEV and lithium-ion battery industry which is growing at over 20 percent on annual average. BEVs refer t
June 8, 2022
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Jeju Air to offer cheaper tickets, modernize aircrafts: CEO
Jeju Air, South Korea's biggest budget carrier, will provide cheap tickets, modernize aircraft and expand its business spectrum to secure its future growth in the post-pandemic era, its chief executive said Tuesday. As both domestic and international travel demands are slowly picking up, Jeju Air CEO Kim E-bae said the company has come to a point where it should make a decision on how to maintain its leading role in the low-cost carrier market. "As an LCC, our key competitiveness lies in
June 7, 2022
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New GM Korea CEO faces labor disputes, falling sales
GM Korea’s new chief executive Roberto Rempel has made his first on-site inspection to the carmaker‘s No. 1 Bupyeong plant early this month, officials said Monday, making a leadership change official within the US company’s operation in South Korea. The new CEO, however, faces a series of challenges ahead. The carmaker has been making a last-ditch effort to restore its market share amid rumors circulating that it is already in the process of leaving the country. The urgent tas
June 6, 2022
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Korean Air kicks off engine development for small satellite launch vehicle
The country’s largest air carrier Korean Air will develop common bulkhead propellant tanks for small satellite launch vehicles by 2027 as part of the Ministry of Science and ICT’s Space Pioneer project, the company said Friday. Under a ministry-led program, some 211.5 billion won ($170 million) will be spent until 2030 on developing the country’s bulkhead propellant tanks for small satellite launch vehicles, a device for umbilical release and mobile launch pad, as well
June 3, 2022
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Aviation service restrictions to be lifted, more outbound routes approved
South Korea’s Transport Ministry said Friday that it would lift restrictions on the operation of international flights and also expand the number of outbound routes, getting ready to go back to pre-pandemic status. Authorities said measures for aviation industry’s normalization will be applied from Wednesday. The ministry has approved some 762 international flights per week for June, 230 more flights added compared to in May, but said it was also willing to give more approvals if
June 3, 2022
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Three-way race set for Korea's flying car commercialization
The race for leadership of South Korea’s flying car market intensified Tuesday, with SK Telecom, Hyundai Motor Group and Kakao Mobility announcing their bid by forging consortiums with local companies. SKT, Hyundai Motor Group and Kakao Mobility submitted their business proposals to join the K-UAM Grand Challenge, a government-led program to select an urban air mobility business operator. They are vying for the lucrative sector that is expected to surpass 1,800 trillion w
May 31, 2022
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Playing games at back seats: carmakers focus on in-car entertainment
Carmakers’ efforts to turn vehicles into moveable spaces for media platforms will lead to more collaborations between carmakers, content providers and IT companies, as well as the growth of related markets, according to the industry on Monday. Carmakers have been seeking ways to upgrade the in-car entertainment experience, by developing software for playing games and watching videos. Carmakers are also introducing wide multi-screens that can also satisfy passengers in the back seat
May 30, 2022
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Hyundai Motor to lower speed limit of G90 self-driving features
Hyundai Motor Group’s luxury Genesis G90, which is set to hit the market in the fourth quarter this year, will feature level 3 autonomous driving with a maximum speed limit of 60 kilometers per hour. According to industry sources Sunday, the Korean auto giant has recently decided to lower the speed limit of the new system in line with international standards set by the UN Economic Commission for Europe, even though there is no such regulation here. In South Korea, level 3 se
May 29, 2022
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Hyundai Motor’s N brand cars set for Nurburgring race
Three cars under Hyundai Motor’s high-performance N brand will participate in the 50th 2022 ADAC 24h Nurburgring race from May 28 to 29, the company said on Friday. This year, Hyundai Motor is entering Elantra N TCR, i30 N TCR and i30 Fastback N cup race cars into the VT2 class to further demonstrate the performance and durability of its N brand models. The 24-hour Nurburgring race is a racing event in which more than 100 cars take to the starting grid and drive through a 25-kilometer ci
May 27, 2022
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Air Busan opens new flight route from Incheon to Osaka
Air Busan opened up a new international flight route from Incheon to Osaka on Friday. The budget carrier offers a weekly flight every Friday from Incheon to Osaka at 9 a.m. and one return flight departing from Osaka at 12:30 p.m. Air Busan will be using the 220-seater A321LR aircraft for the one hour and 50-minute-long flight. Starting from June 26, Air Busan will increase the number of flights to twice a week. “As the immigration procedure in Japan has eased up and as the two countrie
May 27, 2022
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Hyundai Motor Group presents future role as mobility solution provider at Davos forum
Hyundai Motor Group on Thursday unveiled its vision for a human-focused future mobility ecosystem and related platforms at the World Economic Forum in Davos, Switzerland. The Korean carmaker said its president and Chief Innovation Officer Chi Young-cho presented the necessity of global collaboration for the future of the automotive industry as well as the need to establish a human-focused mobility ecosystem. According to Chi, companies in the vehicle manufacturing, auto parts making and
May 26, 2022
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Korean Air-Asiana merger faces two biggest hurdles: EU and China
Korean Air is facing hurdles in acquiring the cash-strapped air carrier Asiana Airlines as it awaits clearance from at least four regions the EU, the US, Japan, and China. The EU’s regulatory body, considered one of the biggest obstacles in the airline’s bid as it has been getting tougher over business mergers, recently asked Korean low-cost carriers Tway Air and Air Premia for their opinion on the merger between South Korea’s two biggest air carriers, according to the aviatio
May 26, 2022
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5 local airports to resume operating 22 international routes in June
Starting next month, South Korea and Japan will resume flight services between Seoul’s Gimpo and Tokyo’s Haneda airports. Korea Airports Corp. said during its regular briefing Tuesday that it is currently discussing the exact date and immigration procedures with the Japanese government before reopening flights between Gimpo and Haneda. Once resumed, there will be 16 flights provided every week by Korean Air, Asiana Airlines, Japan Airlines and All Nippon Airways. The air route ha
May 25, 2022
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Kumho Tire diversifies marketing strategy
South Korean tiremaker Kumho Tire said Monday that it has incorporated new and differentiated marketing strategies to accelerate business normalization. The tiremaker has launched a new commercial in April under the slogan, “There is no road you cannot go,” to express its belief that there is no road in the world that Kumho Tire can‘t go, said company officials. The commercial was uploaded to the tiremaker’s YouTube channel. Kumho Tire currently operates the largest Yo
May 25, 2022
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Hyundai Motor Group to spend W63tr by 2025 in Korea
Hyundai Motor Group unveiled Tuesday another set of mega investment plans, this time focusing on the local market. Introducing a 63 trillion won ($52.6 billion) plan, the automaker said it would work with its subsidiaries Kia and Hyundai Mobis to turn Korea into a hub of its future mobility business. The investment will be implemented over the next three years. According to the automaker, which controls the country’s top two automotive brands -- Hyundai Motor and Kia -- as well as
May 24, 2022
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Kakao, SK Square hit brake on chauffeur services
For the next three years, South Korean tech giant Kakao and SK Square, the ICT arm of conglomerate SK Group, will be banned from expanding their designated driver service business to make room for small and midsized enterprises entering the market, the Korea Commission for Corporate Partnership said Tuesday. Other large corporations seeking to start chauffeur services are prohibited from entering the industry worth 3 trillion won ($2.4 billion) in the cited period as well. Although the decisi
May 24, 2022
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[Test Drive] Porsche Taycan GTS is racing car, but stable
The Porsche World Roadshow, featuring diverse driving programs such as circuit driving, slalom course, and launch braking offered by the German carmaker, resumed in South Korea on May 19 after skipping a year due to the COVID-19 pandemic. Porsche Korea had around 28 models including the Taycan GTS, a model yet to be launched in South Korea, lined up for test drives at Everland Speedway in Yongin, Gyeonggi Province. The Taycan GTS was definitely the eye-catcher of the event, as not only it is t
May 23, 2022
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At Biden meeting, Hyundai Motor Group unveils extra $5b investment
South Korean carmaker Hyundai Motor Group announced the second round of its investment plan Sunday, adding another $5 billion to collaborate with US firms, only a day after the company unveiled a $5.54 billion plan to build an electric vehicle-only factory in Georgia. “Hyundai Motor Group plans to invest an additional $5 billion through 2025 which will strengthen our collaboration with American enterprises in diverse technologies such as robotics, urban air mobility, autonomous driving a
May 22, 2022
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Engineering veteran Roberto Rempel named new CEO of GM Korea
General Motors on Friday named Roberto Rampel, current president of GM Technical Center Korea, as president and CEO of GM Korea. Rempel, an engineering specialist, will start his term on June 1 when his predecessor Kaher Kazem leaves for his new role as executive vice president of SAIC-GM in China. GM expressed high hopes for the new CEO in winning more customers in both domestic and exports markets, and improving the overall competitiveness of GM’s Korean operations. “The GM K
May 20, 2022
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[Test Drive] Toyota’s manual sports car GR86 returns with enhanced engine
INJE, Gangwon Province - Toyota’s iconic motorsports car Gazoo Racing 86 is back, 10 years after its second-generation model was launched in South Korea. And while other models are sold on green credentials, the carmaker has made a play for petrolheads with the third generation of the car, increasing the size of the engine by 20 percent to 2.4 liters, and offering a maximum torque of 25.5 kilogram-meters. Design-wise, the GR86 is unremarkable, looking like a typical sports car that can b
May 19, 2022