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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[Photo News] Ultimate Genesis experience
Nov. 29, 2013
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[Photo News] One of kind in Korea
Nov. 27, 2013
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Mercedes-Benz Korea aims to double sales by 2020
“If you can make it here, you can make it anywhere,” said Daimler Group chairman Dieter Zetsche at a press conference marking the launch of the new S Class by Mercedes-Benz Korea in Seoul on Wednesday. He was talking about Korea being a market where customers are demanding customers and very savvy where Internet technology is concerned. And given Korea’s IT prowess, it makes sense for the German carmaker to learn and build on telematics and other driving solutions by building a Mercedes-Benz res
Nov. 27, 2013
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[Photo News] Stars of LA auto shows
Nov. 24, 2013
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Hyundai Motor makes last-minute checks on new, revamped Genesis
Hyundai Motor Group chairman Chung Mong-koo on Saturday visited the group’s steel-making affiliates to ensure quality control of steel sheets that are used in Hyundai and Kia brand vehicles, especially the long-anticipated new Genesis. “Steel sheets are crucial to the success of new vehicles, including the new Genesis,” Chung was quoted as saying during his visit to the Dangjing plants of Hyundai Steel and Hyundai Hysco, the two Hyundai-affiliated steel makers that were recently merged. The reva
Nov. 24, 2013
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Redesigned S-Class upholds supremacy of Mercedes-Benz
Daimler’s chief executive Dieter Zetsche will make his first visit to Korea on Wednesday to celebrate the crucial debut of the revamped Mercedes-Benz S-Class.The sixth-generation S-Class, the first full-change in eight years, is an ultra-luxury sedan crammed with technology and features and the ultimate expression of the German premium brand. With its large, three-dimensional radiator grille, long bonnet and gently sloping tail end, its overall styling remains true to the S-Class’ premium legacy
Nov. 24, 2013
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Honda adopts English as official language in global meetings
Honda Motor Co. made English the official language of global meetings as the Japanese carmaker shifts decision-making power to regional units. Chief executive officer Takanobu Ito informed global employees of the change in April, John Mendel, executive vice president of the Tokyo-based company’s U.S. sales unit, said in an interview at the Los Angeles Auto Show. Mendel was promoted to Honda’s North American management committee in 2012, in an earlier move by Ito to localize business decisions. T
Nov. 24, 2013
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VW to spend $114b in pursuit of global sales lead
Volkswagen AG, Europe’s largest automaker, will maintain a high level of spending on developing new vehicles and upgrading factories over the coming five years to underpin its bid to become the world’s largest automaker.VW plans to invest 84.2 billion euros ($114 billion) through 2018, the Wolfsburg, Germany-based company said today in a statement. The plan calls for a reduction in average annual spending on property, plants and equipment of about 500 million euros a year, compared with its prev
Nov. 24, 2013
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Much ado about nothing: Tesla
Tesla Motors was in Korea this week for its first investor relations in the country.To cut a long story short, the press and investors seemed to have made a big fuss over nothing.“The Tesla executives seemed to have nothing to say to us. We even asked if there was anything they needed to discuss with us but the answer was no,” an official at the National Pension Fund told The Korea Herald. NPS is a major institutional investor that is investing up to 80 trillion won in the local stock market. It
Nov. 21, 2013
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Tesla undecided on launching in Korea
Tesla Motors on Monday called Korea an “exciting” market, but would not confirm whether it would be opening its next store here. Jeff Evanson, vice president of investor relations at the U.S.-based firm, told The Korea Herald that while he could not say if Korea is a low-priority market, Tesla simply cannot meet the market demand, saying it faces a supply constraint where it is already selling. “Certainly we do see Korea as an exciting market, but we can’t make any announcement on our next store
Nov. 18, 2013
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Mahindra reaffirms support for Ssangyong
Mahindra & Mahindra, the largest shareholder of Ssangyong Motors, reaffirmed its support for the carmaker at a meeting with lawmakers from Korea’s opposition political parties, stressing that Ssangyong will invest up to 1 trillion won ($940.9 million) to produce three new products by 2017.“Chairman Anand Mahindra and president Pawan Goenka both showed their unwavering support for Ssangyong,” Mahindra’s publicists said Sunday. Mahindra is chairman and managing director of Mahindra & Mahindra, whi
Nov. 17, 2013
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LG takes initiative in electric cars
LG Chem will no doubt play a key role in manufacturing faster electric cars for Renault, one of the world’s leaders in the segment, according to recent developments. But it remains to be seen just how it will work, whether it will be in LG’s advantage and how it will help the firm find new drivers of growth, especially as LG Electronics’ new Vehicle Components unit appears to be struggling to make a name for itself. Amid the uncertainty, there is now talk of the new unit being merged with LG Che
Nov. 17, 2013
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Pushing the limits at Hyundai Motor’s desert track
MOJAVE, California ― A three-hour drive from Los Angeles, a Hyundai Motor Group sign appears on a seemingly isolated road in the Mojave Desert.Amid the silence stands the Korean auto giant’s California Proving Ground, where the long-anticipated new Hyundai Genesis appeared to be undergoing late-stage validation tests ahead of its official launch on the huge oval track. “Extreme weather conditions are perfect to test vehicles to their limits. And we can also avoid spy shots before the official la
Nov. 17, 2013
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New S-Class to be unveiled on Nov. 27
Mercedes-Benz Korea is expected to introduce the sixth-generation New S-Class flagship sedan to Korea on Nov. 27, the carmaker said Sunday.Dieter Zetsche, chairman of Daimler AG and head of Mercedes-Benz Cars, will visit for the first time to unveil the New S-Class. Intelligent drive, essence of luxury and efficient technology are the three terms used to describe the new model that comes in a dynamic new silhouette and design, the company said.New features including the Driving Assistance Packag
Nov. 17, 2013
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[Photo news] Add to lineup
Nov. 14, 2013
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Renault Samsung Motors to begin early QM3 sales
Renault Samsung Motors will sell 1,000 units of its QM3 crossover during December ahead of its official release, the company said on Thursday.It will be a one-time sale until the QM3 hits local shelves in earnest in March. The QM3 had initially been expected to start selling here earlier but high demand in Europe pushed back the date.Korea will be the first region in Asia where the QM3 will be available this year. Preorders will start on Nov. 20, RSM said. The QM3 1.5 diesel’s official fuel econ
Nov. 14, 2013
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Mercedes-Benz Korea unveils 2014 M-Class
Mercedes-Benz Korea has unveiled the 2014 version of its premium SUV, the M-Class, the company said Thursday. An upgraded command controller, a digital TV tuner and an entertainment system for the rear backseat are among the car’s upgraded features.In particular, a custom-made navigation system for Korean consumers has been fitted to offer a realistic 3-D map that can search for both old and current addresses. The map supports Hangeul and up to 40,000 Korean words can be searched. Also, for the
Nov. 14, 2013
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BMW ends year with strong new models
NAMHAE, South Gyeongsang Province ― During a media meeting wrapping up this year on Thursday, BMW Korea CEO Kim Hyo-joon spared his words on what the company has achieved this year, including another possible sales record of about 33,000 vehicles. But he did not hide his high expectations for next year. Among other things, the long-anticipated i3 electric car will hit the Korean market in May, while a new BMW driving center ― the first outside of Germany and the U.S. ― will open in Yeongjongdo I
Nov. 10, 2013
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Revamped Ssangyong Actyon launched globally
Ssangyong Motor on Friday debuted the facelift version of the Actyon sport utility vehicle overseas, putting a greater strategic emphasis on the emerging Central Asian and Eastern European markets. The new Actyon, which boasts a more aggressive and sportier styling, is equipped with a more environment-friendly powertrain that meets the Euro 5 emission limits, according to the Korean carmaker owned by India’s Mahindra & Mahindra. Adding to its existing 150 horsepower gasoline engine, the new Acty
Nov. 10, 2013
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Hyundai Motor union returns moderate former leader to office
Hyundai Motor Co. workers returned to office a former union leader seen as more moderate than the incumbent, who led strikes that caused record annual production losses at South Korea’s largest automaker. Lee Kyung-hoon, 52, was backed by 52 percent of the 47,000-member union in a vote on Nov. 8, defeating Ha Bu-young, 53, according to the union’s website. Lee will replace Moon Yong-moon, whose leadership over the past two years came to be considered a sign of resurgent militancy at South Korean
Nov. 10, 2013