Most Popular
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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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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Army takes group action against Hybe for neglecting BTS
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Some junior doctors are returning: Health Ministry
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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[Robert J. Fouser] AI changes rationale for learning languages
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Woman dangling from power lines rescued by residents holding blanket
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Tesla raises $2b of convertible debt to finance factory
Bond investors rewarded Tesla Motors Inc. by snapping up $2 billion of convertible notes at funding costs that are lower than a five-year average as the luxury electric-car maker prepares to build the world’s largest battery factory.In an offering that was bigger than initially estimated, the company sold $800 million of 0.25 percent, five-year notes and $1.2 billion of 1.25 percent, seven-year securities, according to data compiled by Bloomberg. Both coupons are lower than the median for simila
March 2, 2014
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Kumho Tires becomes official sponsor of NBA
Local tire maker Kumho Tires announced Wednesday that it has signed a sponsorship deal with the National Basketball Association and the NBA Development League (NBA’s minor league) in a bid to strengthen the company’s presence overseas.The company will be an official sponsor of both leagues ― a first within the tire industry ― until the year 2016.The tire maker has sponsored individual professional sports teams, such as the LA Lakers and the Miami Heat in the NBA or the New York Jets in the Natio
March 2, 2014
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Harley-Davidson targets car drivers with trikes in Japan push
Harley-Davidson Inc. has hit upon what it thinks is a rich trove of untapped demand in Japan: four-wheel drivers who can’t ride two-wheel motorcycles.To give them a taste of what the American motorcycle-maker has to offer, Harley-Davidson is rolling out the three-wheel Tri Glide in Japan, its largest market outside North America. The Milwaukee-based company began selling the trikes in Japan this month, at a starting price from 4 million yen ($39,000).“It’s a relatively easy way into Harley-David
March 2, 2014
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[Photo News] BMW 4 Series Convertible
March 2, 2014
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Sales of smaller-size import cars surge
Sales of smaller-size import cars have surged and accounted for more than half of all newly registered foreign-made vehicles in South Korea last year, industry data showed Tuesday.According to Korea Automobile Importers and Distributors Association, of the 156,497 imported cars sold in 2013, a record 53.5 percent, or 83,677 units, were vehicles with an engine displacement of under 2 liters.This marks the first time that smaller-size cars made up more than half of all sales.In contrast, mid-size
Feb. 25, 2014
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Hyundai Motor to pay out W120b over fuel efficiency
Hyundai Motor Co., may have to pay around 120 billion won ($111.4 million) to consumers in its home market for exaggerating the fuel efficiency of its diesel-powered Santa Fe sport utility vehicle, the government said Monday.According to the Ministry of Land, Infrastructure and Transport, the R2.0 engine, two-wheel-drive model of the popular SUV did not meet its reported mileage. The carmaker has appealed the results and asked for another test, whose results are expected late next month.Hyundai
Feb. 24, 2014
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[Photo News] Most powerful Jaguar
Feb. 23, 2014
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BMW i3 redefines electric mobility
BMW’s first full-electric car, the i3, will make its Korean debut in April. The premium German carmaker is confident that its futuristic styling, combined with driving agility, will make the car a game-changer in the nation’s nascent electric car market.“The i3 will be an electric car that doesn’t compromise performance,” was the promise from Kim Hyo-joon, BMW Korea’s chief executive. The four-door compact features a wholly different design concept from the typical BMW family, with the brand’s s
Feb. 23, 2014
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Hankook Tire ranks in Best Korea Brands
Leading tire maker Hankook Tire was included in Interbrand’s Best Korea Brands ranking for this year, according to the global brand consultancy last week.Hankook was chosen because its brand value climbed 16 percent compared to last year to reach 899.5 billion won ($838 million). This pushed it up one notch to 25th place among Korean brands in terms of brand value in the Interbrand survey.Last year, Hankook Tire ranked among the top 10 tire makers in the world. Hankook was the only tire-making b
Feb. 23, 2014
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Mercedes-Benz CLS breeds new coupe segment
Daimler AG can dare say that it has successfully pioneered a new segment in the auto industry with the award-winning Mercedes-Benz CLS-Class, which has redefined the coupe.Originally, coupes referred to cars that do not have rear seats. Then, for a long time, the term applied to any two-door car, though it may not be a two-seater.But now the German automotive group has secured yet another meaning for the word, giving customers the additional choice of a “four-door coupe.”In 2003, Mercedes-Benz i
Feb. 23, 2014
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Volkswagen profit lifted by record deliveries at Porsche
Volkswagen AG, Europe’s largest carmaker, reported an 18 percent gain in fourth-quarter profit as record sales at its luxury Audi and Porsche brands offset spending on developing new models and expanding production.Earnings before interest and taxes rose to 3.11 billion euros ($4.27 billion) from 2.64 billion euros a year earlier, according to Bloomberg calculations using the Wolfsburg, Germany-based automaker’s full-year and nine-month results. Profit missed the 3.17 billion euro average of 11
Feb. 23, 2014
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Mexico to trump Japan as No. 2 car exporter to U.S.
Mexico is on track to replace the Asian automotive giant, Japan, as the second-largest exporter of cars to the United States by the end of the year.An $800 million Honda plant opening Friday in the central state of Guanajuato will produce about 200,000 Fit hatchbacks a year, helping push total Mexican car exports to the U.S. to 1.7 million in 2014, roughly 200,000 more than Japan, consulting firm IHS Automotive says. And, with another big plant starting next week, Mexico is expected to surpass C
Feb. 23, 2014
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Hyundai Motor’s vice chairman urges quality improvement in U.S.
Hyundai Motor Group vice chairman Chung Eui-sun urged workers at the automotive conglomerate’s production facility in Georgia to redouble their efforts to improve quality, company sources said Wednesday.Chung, the son and heir-apparent of Hyundai Motor Co. chairman Chung Mong-koo, flew to the U.S. to tour the Montgomery, Georgia plant and production facilities of parts suppliers, a visit that followed sales reports showing the U.S. market share of the company, the automotive group’s flagship bra
Feb. 20, 2014
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Controversial court ruling fans Ssangyong concerns
Ssangyong Motor on Tuesday pledged to appeal a recent court ruling that ordered the carmaker to reinstate workers who had been dismissed in accordance with legitimate laws and regulations. The company said the main reason for its decision was its concern that the ruling may hurt its sales, which were just starting to pick up, and dampen employees’ morale. On Feb. 7, the Seoul High Court ordered the carmaker to reinstate 153 of the workers who were laid off in 2009 as part of restructuring plans
Feb. 18, 2014
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Toyota may be fined for violating safety requirements
Japanese automaker Toyota Motor Corp. is likely to be fined for violating a safety requirement and recall of cars of its leading popular models, a government official said Monday.According to Yoon Jin-hwan, the head of the transport ministry’s motor vehicles management division, the Japanese automaker has agreed to recall 5,232 vehicles of six models starting on March 27 for substandard materials surrounding seat heaters that can catch fire. “The automaker will also be fined as it failed to meet
Feb. 17, 2014
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Hyundai Motor vice chairman to visit U.S. this week
Hyundai Motor Group vice chairman Chung Eui-sun is expected to visit the automotive conglomerate’s production facility and main sales office in the United States this week.The visit comes as sales of Hyundai Motor Co., the group’s flagship brand, fell behind the pace of the rebound in the U.S. car market last year, hurting its overall market share.Chung will travel to the Montgomery, Georgia plant and Hyundai Motor America headquarters in California. The visit is viewed as a move by the group to
Feb. 17, 2014
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Infiniti Q50 redefines luxury
The Japanese luxury car brand Infiniti is signaling a new direction of its technology, design and performance philosophy with the recent local launch of the refashioned sports sedan Q50. “The Infiniti brand has become a leader in modern luxury and high-performance cars,” Infiniti Korea CEO Takehiko Kikuchi said at a launching event in Seoul last week. “With the Q50, we want to redefine luxury.”The Q50, a replacement for the Infiniti G37 sedan, is the first Infiniti model after the carmaker annou
Feb. 16, 2014
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Sewage-derived fuel powers Hyundai’s California green dream
Jack Brouwer isn’t bothered by the bouquet of biosolids.Brouwer, a scientist at the University of California at Irvine, pioneered a method for deriving pure hydrogen from human waste, food scraps and other matter flushed from homes. While the aroma surrounding his prototype project at the Orange County Sanitation District’s Fountain Valley waste facility isn’t for everyone, for Brouwer it bears the whiff of promise. “It smells like money,” he said. That’s because the hydrogen made by Brouwer’s s
Feb. 16, 2014
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Hyundai Mobis opens proving ground in China
Hyundai Mobis, Korea’s leading auto parts maker affiliated with Hyundai Motor, last Tuesday finished constructing its winter proving ground in northeastern China.The company said that the test site is some 125 kilometers from Heihe municipality in Heilongjiang province, one of the world’s most suitable locations for cold weather automotive testing along with Arjeplog in Sweden and Wanaka in New Zealand.The average temperature lingers at minus 20 degrees Celsius and can fall as low as 42 degrees
Feb. 16, 2014
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Navistar to heat up Korea’s truck market
Navistar International released its signature ProStar commercial trucks in Korea on Wednesday, becoming the first U.S. truck maker to enter the market since the Korea-U.S. Free Trade Agreement went into effect in March 2012. The International ProStar is a 6-by-4 with 475 horsepower and 235 kilograms per meter of torque. Aerodynamics contribute to 50 percent of overall fuel economy, which makes it critical for a vehicle to be designed to minimize drag, Navistar said, adding that the vehicle’s aer
Feb. 16, 2014