Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Doctors' group picks new leader amid tense standoff over increased enrollment quota
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Korea enters full election mode
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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Facial recognition system implemented at Incheon Airport
Incheon Airport said it has begun utilizing preregistered facial information to streamline the departure process for passengers from Friday. Dubbed the "facial recognition smart pass service," the newly launched service will allow passengers to quickly pass through the identification process at departure and boarding gates without having to show their passports and boarding passes to security personnel. The service is available at six departure gates and 16 boarding gates at Incheon Ai
July 28, 2023
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Kia mulls lowering EV prices
Kia will consider lowering the prices of its battery-powered electric vehicles to compete against global EV leaders amid growing markets, according to the automaker’s chief financial officer on Thursday. “The important point from now on regarding the EV market, which has become highly competitive and abnormal in some sense, is that we should put more weight on securing our market share than focusing on profitability,” said Joo Woo-jeong, Kia’s CFO and executive vice presi
July 27, 2023
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Hyundai, Kia join massive EV charging alliance to take on Tesla's Superchargers
South Korean carmakers Hyundai Motor Company and its sister firm Kia have joined forces with five global auto giants -- BMW, General Motors, Honda, Mercedes-Benz and Stellantis -- to form a joint venture for establishing an electric vehicle charging network across North America, in a combined effort at curbing Tesla’s attempt at EV charging standardization. The seven companies announced on Wednesday in US time that the joint venture will set up at least 30,000 chargers by 2030, saying that
July 27, 2023
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Hyundai Motor posts record earnings on upbeat US sales
Hyundai Motor said Wednesday it posted record-high sales and profits in the second quarter this year, largely buoyed by strong sales in key markets, including the US. The carmaker’s sales revenue surged by 17.4 percent to 42.2 trillion won ($33 billion) from a year earlier, surpassing the previous record posted in the fourth quarter last year. Operating profits exceeded the 4 trillion won mark for the first time to reach 4.2 trillion won, a 42.2 percent jump on-year. Of the 1.06 million
July 26, 2023
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[Photo News] Hyundai Avante N debuts
Hyundai Motor Group’s all-new Avante N, a high-performance version of the carmaker’s popular compact sedan, made its official debut on Wednesday. The car comes with a gasoline-powered 2.0 turbo flat engine and two six-speed and eight-speed transmission options. Its price starts at 29.4 million won ($23,000).
July 26, 2023
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Korean Air to appeal against Russian court's penalty decision
Korean Air Co. said Tuesday it will file an appeal against a Russian court's penalty decision over the "omission" of the South Korean carrier's departure process at a Moscow airport in early 2021. The Russian arbitration court has recently ordered Korean Air to pay 59 billion won ($46 million) in fine to Russia's customs authorities for the omission, a Korean Air spokesperson said over the phone. The court's penalty is half of the fine requested by the Russian custo
July 25, 2023
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Kia unveils design of upgraded Sorento SUV ahead of launch next month
Kia Corp., South Korea's second-biggest carmaker by sales, on Tuesday unveiled the design of the upgraded Sorento SUV ahead of its domestic launch next month. Kia plans to place the facelifted Sorento SUV with a gasoline, a diesel or an all-wheel-drive gasoline hybrid engine in the Korean market in mid-August, the company said in a statement. The two-wheel-drive gasoline hybrid version and the upgraded SUV's prices will be released later, the statement said. The facelifted Sorento come
July 25, 2023
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[Exclusive] Hyundai to ramp up EV production in Indonesia
Hyundai Motor Group is poised to produce electric vehicles, including the flagship Ioniq 5, in Indonesia equipped with battery packs made at its manufacturing plant there from August 2024, ramping up production to allow hefty EV tax incentives. “Hyundai Energy Indonesia will be producing battery packs from July 2024 using cells made by Hyundai Motor Group and LG Energy Solution’s joint battery manufacturing plant. A month later, the packs will be put into EVs produced in Indonesia,&r
July 25, 2023
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Hyundai Motor opens battery research center with SNU
A joint battery research center between Hyundai Motor Group and Seoul National University officially opened Tuesday, signifying the South Korean automaker’s willingness to secure future-leading technologies in the global electric vehicle industry. “Our mission to develop a diverse range of mobility solutions equipped with advanced batteries is driven by our strong commitment to a sustainable environment for future generations,” said Hyundai Motor Group Executive Chair Chung Eui
July 25, 2023
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Samsung SDI, Stellantis to build second joint EV battery plant in US
Samsung SDI said Monday it is poised to build a second electric vehicle battery manufacturing plant with Stellantis in the US, ramping up its investment in the all-important EV market. The two signed a memorandum of understanding to set up the plant under StarPlus Energy, a joint venture of Samsung SDI and Stellantis, with an initial annual production capacity of 34 gigawatt hours. It is slated to start production in 2027. The location of the plant has yet to be decided. The Korean battery maker
July 24, 2023
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Renault’s LPG-powered QM6 nears 100,000 unit sales
The New QM6 by Renault Korea Motors is the only sport utility vehicle in Korea that is powered by liquefied petroleum gas or LPG. Highlighting the high demand for the LPG model among Korean drivers, the carmaker said almost seven out of 10 QM6 cars sold in the first half of this year were LPG models. Since its debut in 2019, the QM6 LPe is expected to hit the 100,000 mark in sales in the near future. According to Renault, one of the key reasons behind the LPG model’s huge success is its re
July 21, 2023
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Hyundai Motor unveils nanotechnology vision
Hyundai Motor Group said Thursday it has developed six kinds of nanotechnologies that will be key drivers of growth in future mobility, ranging from autonomous driving cars to software defined vehicles. Nanotechnology creates new materials by synthesizing or fabricate arrays of materials that are 1 billionth of a meter in width. “Only when we secure top level materials technology in mobility can we improve the performance and durability of car parts and vehicles which will offer a competit
July 20, 2023
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Georgia road renamed 'SK Boulevard' in nod to economic boost
The “SK Boulevard” debuted in Jackson Country in the US state of Georgia on Wednesday, replacing the former Steve Reynolds Industrial Parkway in recognition of the contributions of SK Battery America to the local economy, SK On, the battery making unit of SK Group said Thursday. The announcement was made at a signage ceremony at SKBA's Georgia facility attended by key local figures including Georgia Gov. Brian Kemp, Commerce City Mayor Clark Hill, and Jackson County Chamber of C
July 20, 2023
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[KH explains] How to stay safe driving through flood water
Flooding due to monsoon rains in South Korea has resulted in dozens of casualties this week, raising the issue of vehicle safety during storms. Drivers need to take extra care and be vigilant to avoid getting trapped in submerged cars, according to experts. “It is recommended to reduce speed, almost by 20 percent of the speed limit to prevent the car from skidding on wet roads,” said Lee Ho-geun, a car engineering professor at Daeduk University. “Also, keep longer stopping di
July 19, 2023
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Tesla's China-made Model Y unlikely to receive full subsidy in Korea
Tesla's Chinese-made all-electric sport utility vehicle Model Y is unlikely to be eligible for full government subsidies in Korea, according to the Ministry of Environment. The ministry issued a note saying that the EV subsidy assessment was still ongoing, and that the rear-wheel drive car, manufactured in Shanghai, does not meet two of the four criteria that would qualify them for the full subsidy amount. “As the EV subsidy assessment is ongoing for Tesla’s Model Y, nothing has
July 18, 2023
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Hyundai unveils all-new Santa Fe SUV ahead of launch in August
Hyundai Motor Co., South Korea's biggest carmaker by sales, on Tuesday unveiled the design of the all-new Santa Fe SUV ahead of its planned world premiere in August. The fifth-generation Santa Fe is a full-change model from the fourth-generation one released in 2018. It comes with a maximized rear cargo capacity in line with the latest outdoor lifestyle trends, the company said in a statement. "The all-new Santa Fe is an SUV that finds a perfect balance between the city and the great o
July 18, 2023
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[Photo News] All-new Santa Fe unveiled
Hyundai Motor on Tuesday unveiled the all-new Santa Fe, the South Korean automaker's signature midsized sports utility vehicle. The SUV's fifth-generation model underwent a full face-lift for the first time in five years. With the H-shaped headlamps featuring the carmaker's emblem, Hyundai said the vehicle is designed to fit both city and outdoor lifestyles. The automaker plans to disclose the SUV's specifications on Aug. 10.
July 18, 2023
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Korea to dominate 75% of battery separator market by 2030: report
South Korean battery materials makers are expected to take up 75 percent of separator film production within North America and Europe by 2030, a report showed Monday. Of the Korean companies, SK IE Technology, an electronics materials maker affiliated with SK Group, is projected to control the largest market share of 33 percent with an annual production capacity of 380 million square meters of separators in the cited period, according to energy market tracker SNE Research. Battery separator fi
July 17, 2023
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S. Korea, Thailand discuss enhanced ties on EVs, advanced industries
Senior officials of South Korea and Thailand discussed ways Monday to expand bilateral cooperation on electric vehicles and other future industries, Seoul's industry ministry said. The discussion was made during a meeting between Deputy Trade Minister Jeong Dae-jin and Nattapol Rangsitpol, permanent secretary of Thailand's industry ministry, in Seoul, as the Thai official was visiting the country as part of his government's economic delegation, according to the Ministry of Trade,
July 17, 2023
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[Photo News] Mercedes-Benz Mobile Academy
Mercedes-Benz Korea said Sunday that a total of 11 South Korean college students have visited the carmaker’s facilities in Germany, including a smart factory in Sindelfingen and an AMG factory as part of an industry-university cooperation program, named Mercedes-Benz Mobile Academy. Since the program’s 2014 launch, more than 150 students have visited the European country. “I hope this year’s headquarters visit program will serve as a good referendum for the young traine
July 16, 2023