The Korea Herald

GM Korea seeks local production of Impala

Models pose next to the Chevrolet’s Perfect Black Special Edition trim package, in an event in Seoul on Monday. Ahn Hoon/The Korea Herald　GM Korea, the local unit of U.S. carmaker General Motors, may start producing Chevrolet’s popular flagship full-size sedan Impala at its Bupyeong plant, in Incheon, next year.“The market response for Impala has been just amazing,” GM Korea CEO Sergio Rocha said during the launch event Monday for the limited black-color edition of four Chevrolet models, dubbed

Business Oct. 12, 2015

GM Korea seeks local production of Impala

POSCO, Renault Samsung tie up for auto steel biz

POSCO, the nation’s top steelmaker, said Thursday it had signed a memorandum of understanding with Renault Samsung Motors, the Korean unit of France’s Renault Group, to develop high-performance steel products for cars. 　“Renault Samsung and POSCO have overcome the economic slowdown through innovations. Our partnership will create business synergies in various business functions, ranging from production to technology to marketing,” said Oh In-hwan, POSCO’s steel business division chief. 　Rena

Business Oct. 8, 2015

Volkswagen Korea CEO to appear at parliamentary audit

Volkswagen Korea CEO Thomas Kuehl South Korean lawmakers will grill Volkswagen Korea’s CEO over the company’s handling of the emissions-rigging scandal in Korea during a parliamentary audit on Thursday. 　“The company chief Thomas Kuehl came back from his business trip to the headquarters in Germany and will take part in the scheduled audit,” a company official confirmed. 　The National Assembly’s transport committee had summoned him as a witness over his company’s emissions-cheating scam a fe

Mobility Oct. 7, 2015

Volkswagen Korea CEO to appear at parliamentary audit

Samsung, Hyundai, Kia among top 100 global brands

　Three South Korean brands from the nation’s top two conglomerates -- Samsung Group and Hyundai Motor Group – have been placed in this year’s list of the top 100 global brands compiled by Interbrand, a global branding consulting group. 　Samsung Electronics, the world’s largest smartphone-maker, held onto its No. 7 spot. Its brand value also remained unchanged for the second consecutive year to reach at $45.5 billion (53.3 trillion).　Hyundai Motor and its sister company Kia Motors were placed 39t

Business Oct. 5, 2015

Samsung, Hyundai, Kia among top 100 global brands

두산인프라코어, 사원-대리급에도 희망퇴직 신청받아

　중국건설 시장 장기침체로 수년째 실적부진에 시달리던 두산인프라코어가 지난달 대리 및 사원 급 직원들에게서도 희망퇴직을 받은 사실이 뒤늦게 알려졌다. 　‘‘사측은 사원-대리급 사무직 직원에게 연차에 따라 연봉의 1.5배에서 두배를 지급할 것을 지난달 제안했으나 신청자가 몰리자 일부는 보류했다”고 익명을 요청한 한 관계자가 지난 3일 밝혔다. 　이 관계자는 “9월 2째주에 임원이 각자 담당하는 팀의 일부 사원들을 불러 비공식적으로 희망퇴직을 제안했다”고 밝히며 “일부는 14일에 일괄적으로 퇴직 처리가 됐다”고 덧붙였다.　그는 또 “고용 시장 환경이 열악함에도 불구하고 많은 신청자가 몰렸다”며 회사를 바라보는 사원들의 불안한 심경을 전했다.　두산그룹의 대표 계열사이자 국내 대표 건설 중장비 제조업체인 두산인프라코어는 올해 들어서만 두 차례의 구조조정을 진행했다. 지난 달 17일에는 사무직 과장급 이상 임직원을 대상으로 200명 규모의희망퇴직 신청을 받았으며 지난 2월에도 이미 200명에

한국어판 Oct. 4, 2015

Volkswagen Korea CEO faces Assembly audit

Volkswagen Korea CEO Thomas Kuehl faces a parliamentary audit as the National Assembly’s transport committee decided to call him as a witness next week over his company’s emissions-rigging scandal. “Considering the status of Volkswagen Korea in the nation’s imported car market, it is necessary for the company head to explain what it will do to minimize the impact of the recent emissions scandal in the U.S. by its parent company on Korean consumers,” the committee said in a statement. Volkswagen

Latest News Oct. 1, 2015

Volkswagen Korea CEO faces Assembly audit

Korean consumers sue Volkswagen

Two owners of Volkswagen vehicles filed a lawsuit against the German carmaker over its emission-rigging scheme, the first legal action of its kind in the country, their lawyers said Wednesday. Corporate logo of Volkswagen　Lawyer Ha Jong-sun said the owners had decided to take the case to a Seoul court to demand Volkswagen and its local dealers cancel their contracts and refund the cost of the vehicles.　One of the two Korean plaintiffs involved in the case owns a 2014 Audi Q5 2.0 TDI, while th

Mobility Sept. 30, 2015

'Fed still on track for 2015 rate liftoff': Janet Yellen

Federal Reserve chair Janet Yellen (Bloomberg)Federal Reserve chair Janet Yellen said she is ready to raise interest rates this year and intends to let the labour market run hot for a time to heal the lingering scars of the worst recession since the Great Depression.Yellen placed herself squarely in the camp of those Federal Open Market Committee officials who favour raising rates in 2015. “Most of my colleagues and I anticipate that it will likely be appropriate to raise the target range for th

World Sept. 25, 2015

'Fed still on track for 2015 rate liftoff': Janet Yellen

S. Koreans convicted of trafficking N. Korean meth

Three South Koreans were convicted Friday of producing methamphetamine in North Korea and bringing some of the drugs to the South. The Seoul Central District Court sentenced a 63-year-old, identified by his surname Kim, to nine years in jail for producing 60 kilograms of methamphetamine at a North Korean factory in Sariwon, North Hwanghae Province. The court said 25 kg is suspected to have been siphoned off to the North. "Twenty-five kilograms is enough to be used two million times and the

North Korea Sept. 25, 2015

Japan to replace point man on Korea: report

Japan plans to replace its point man on Korean affairs next month in a routine personnel management reshuffle, media reports said Friday. Kimihiro Ishikane, head of the foreign ministry's international legal affairs bureau, will be appointed to lead the Asian and Oceanian affairs bureau, according to Kyodo News Service. Ishikane, formerly the ambassador to ASEAN, is to succeed Junichi Ihara, who is expected to take up an ambassadorial post abroad. He will likely become Japan's new negotia

National Sept. 25, 2015

Busan-Amsterdam air route to be launched in late October

A direct air route linking South Korea's largest port of Busan and the key European transportation hub of Amsterdam will open in late October, the government said Friday. Busan municipal authorities and the transportation ministry said an agreement reached at talks in The Hague earlier this week will permit KLM, the flag carrier airline of the Netherlands, to ferry passengers three times a week between the two cities. The agreement also allows South Korean carriers to operate three to seven

National Sept. 25, 2015

Pope set to bring his message to world leaders at UN

Pope Francis visiting the U.S. (Bloomberg)From the world stage of the United Nations to an inner-city school, Pope Francis is emphasizing themes that have shaped his popular papacy as he packs in encounters with the powerful and the poor in New York City. His agenda for Friday reflects both his global stature and his of-the-people approach, while taking him from the solemnity of ground zero to the struggles of East Harlem. It includes events as large as a processional drive through Central Park,

World Sept. 25, 2015

Pope set to bring his message to world leaders at UN

Park leaves for New York for U.N. General Assembly

President Park Geun-hye left for New York Friday for the U.N. General Assembly to tackle challenges facing the world as she warned North Korea against nuclear or missile tests. "Should the North go ahead with provocative actions that violate the U.N. Security Council resolutions, there will certainly be a price to be paid," Park said in a written interview with Bloomberg News. Park appears likely to mention North Korea's missile and nuclear weapons programs during her speech in the U.N. Ge

National Sept. 25, 2015

Actor Lee Min-ho named goodwill ambassador for 2018 PyeongChang Winter Games

Actor Lee Min-ho South Korean actor Lee Min-ho was named Friday as a goodwill ambassador for the 2018 PyeongChang Winter Olympics. Lee is the first actor to take on the role for the first Winter Games in South Korea. The local organizing committee said it appointed the 28-year-old hallyu star with three future Olympic Games to be held in Asia. After PyeongChang, Tokyo will host the 2020 Summer Olympics and Beijing will stage the 2022 Winter Olympics. The award-winning actor has starred in

People Sept. 25, 2015

Actor Lee Min-ho named goodwill ambassador for 2018 PyeongChang Winter Games

Obama, Xi to test limits of personal ties on cyber disputes

President Barack Obama and Chinese President Xi Jinping will test the limits of their personal ties Friday as they wade into issues that have exacerbated tensions between their nations: China's cyberspying in the U.S. and Beijing's territorial disputes in the Asian Pacific.Discussions on both matters will play out against the backdrop of White House pageantry as Obama hosts Xi for a grand state visit, including a glitzy black-tie dinner. In keeping with the spirit of a state visit _ an honor

World Sept. 25, 2015

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