The Korea Herald

BUSINESS

LATEST NEWS

[Newsmaker] SsangYong Motor reinstates 71 workers, ends decade of labor-management conflict

SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra, reinstated on Monday 71 employees and hired 34 new workers as a follow up measure of the September agreement ending a de...

Dec 31, 2018
Automode
8 new cars secure govt. interior air quality approval

Eight new cars released in South Korea by local manufacturers this year secured governmental approval for their interior air quality, a report showed Monday. The Ministry of Land, Infrastructure and...

Dec 31, 2018
Automode
Samsung No. 1 in number of patents filed for self-driving cars

Samsung Electronics Co. filed the largest number of patents related to self-driving cars in Europe, data showed Monday, far above traditional automobile manufacturers. According to the data compiled...

Dec 31, 2018
Automode
SsangYong offers safe passage with 4WD SUVs

SsangYong Motor’s four-wheel-drive G4 Rexton is perfect for winter sports and travel, the company said Sunday, citing its electronic stability program and the body-on-frame structure designed to ensu...

Dec 28, 2018
Automode
Hyundai to launch Kona Iron Man edition in January

South Korea’s leading automaker Hyundai Motor will start global sales of its limited-edition Kona Iron Man, inspired by the Marvel character, next month, the company said Thursday. A total of 7,000 ...

Dec 27, 2018
Automode
Hyundai, Kia sweeps Korea NCAP

Hyundai Motor and Kia Motors, which combined form the world’s fifth-biggest carmaker, swept awards at the Korea New Car Assessment Program 2018, with Hyundai’s Nexo hydrogen fuel cell vehicle taking ...

Dec 26, 2018
Automode
Korea confirms BMW’s defective EGR cooler as cause of car fires

South Korea’s Transportation Ministry confirmed Monday the cause of BMW engine fires that sent jitters across the country this summer was the faulty exhaust gas recirculation cooler, and slapped an 1...

Dec 24, 2018
Automode
Large sedans, SUVs gain popularity amid weaker demand for smaller cars: data

South Korea's domestic car market moved in two different directions this year with the rise in popularity of large sedans and sport utility vehicles standing in contrast to weaker demand for smaller ...

Dec 23, 2018
Automode
After months of debate, GM Korea to launch R&D unit next month

GM Korea’s new research and development entity, dubbed GM Technical Center Korea, is expected to officially launch early next year, after its second-largest shareholder gave the green light despite s...

Dec 21, 2018
Automode
GM Korea to launch research spin-off unit early next year

GM Korea, the South Korean unit of General Motors Co., said Friday that it plans to launch a separate R&D company early next year after completing the necessary procedures. Early this week, GM Korea...

Dec 21, 2018
Automode
KAI apologizes, vows thorough inspections after chopper crash

Korea Aerospace Industries, the nation’s sole aircraft manufacturer, said Friday that it would accept the findings of an investigation identifying a defective part as the cause of a Marine Corps chop...

Dec 21, 2018
Automode
Transport Minister suggested taxi drivers adopt Uber system, got no response

Transport Minister Kim Hyun-mee proposed in July that taxi drivers adopt an IT system similar to that of Uber in order to streamline their operations, but received no response, she said in a radio in...

Dec 21, 2018
Automode
Seoul court slaps $2.4m fine on Mercedes-Benz Korea

A South Korean court on Thursday slapped a 2.8 billion won ($2.48 million) fine on Mercedes-Benz Korea for selling some 7,000 vehicles equipped with unauthorized parts in violation of Korea’s Clean A...

Dec 20, 2018
Automode
Posco hires ex-Daelim CEO for future growth

Steel giant Posco has hired former the CEO of Daelim Industrial to seek the company’s future growth, it said Thursday in a statement. Oh Gyu-seok Oh Gyu-seok, former president of the local builder,...

Dec 20, 2018
Automode
Automakers to face slower sales in domestic, global markets in 2019

South Korea’s automakers will see lackluster sales in their three major overseas markets next year as well as at home due to slowing economies, trade disputes and rising lending rates, a research ins...

Dec 20, 2018
Automode

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114