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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Seoul alerts overseas missions to NK terror threats
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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[Today’s K-pop] Stray Kids go gold in US with ‘Maniac’
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Woman dangling from power lines rescued by residents holding blanket
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Porsche plans to enter 15 new countries, mainly in Africa, by ’20
Porsche AG is looking to enter 15 new countries by the end of the decade, mainly in Africa, as part of its growth strategy. “We’re covering new markets where we have not been in yet,” Bernhard Maier, Porsche’s global sales chief, said in Shanghai at the opening of its largest dealership in the world. “We’re aiming to go into an additional 15 countries by the end of the decade.” He said Porsche would look to north Africa, without specifying which markets. Expanding into new countries would help P
Oct. 13, 2013
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Porsche offers perks for used cars
Stuttgart Sports Cars, the official importer of Porsche in Korea, has organized a fair for used Porsche cars at Porsche Center Bundang to take place Oct. 10-20, the company said on Tuesday.Customers who purchase a car at the event can benefit from an additional 30 percent discount on Genuine Porsche equipment and lower interest rates by using Porsche Financing for the purchase. A complimentary voucher for Porsche “Driver’s Selection items” also will be offered to customers.The sports car dealer
Oct. 8, 2013
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Hyundai Motor perfects Korean with ‘Hangeul bible’
It turns out that Chung Mong-koo, chairman of Hyundai Motor Group, is a devoted aficionado of the Korean language. At his company, the nation’s top carmaker and the fifth-largest in the world, there is an 80-page handbook that has been passed down to the current generation, meant to be read and committed to memory by all Hyundai employees. While some of the pages have been digitized for online distribution, the handbook remains largely in hardcopy. The main content of the volume is the precise K
Oct. 8, 2013
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British mag says LG’s G2 phone new king of Android
A British magazine has praised the G2, the latest flagship smartphone of South Korean tech giant LG Electronics Inc., by calling it the new king of Android.Stuff said in its September issue posted on its website that the G2 marks LG’s magnificent return to form on the smartphone scene and it has rocketed straight to the top of its top 10 smartphone list.“It dispatches its arch-rival’s offering with relative ease. This is a faster, nicer-screened and crisper-cameraed device than the Samsung Galax
Oct. 6, 2013
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Lamborghini bullish on nascent Korean market
Customers all over the world have to queue for months to get their hands on a Lamborghini, according to the Italian “super sports car” brand. In key markets, it takes 12 months for the scissor-doored Aventador and 18 months for its roadster version. However, for the Korean clientele, the waiting time is expected to be reduced by as much as two to three months, thanks to support from its headquarters in Bologna, not to mention Volkswagen Group, which now owns Lamborghini. “That would be faster th
Oct. 6, 2013
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Ssangyong Korando C makes European debut
Ssangyong Motor’s flagship SUV Korando C made its Europe debut on Wednesday in Germany ― another fresh signal that the carmaker is making a successful turnaround from a court receivership back in 2009.In the German city of Wiesbaden, Ssangyong held an event to launch the New Korando C, with some 140 journalists and retailers from 19 European countries in attendance.With the Europe launch, the latest-generation Korando C will go on sale globally in the coming weeks through the company’s dealershi
Oct. 6, 2013
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Japan Big Three carmakers’ U.S. deliveries decline
Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan’s Big Three carmakers, all reported U.S. sales declines in September with tight supplies of some models after August’s surge and fewer weekend selling days.Toyota, the world’s largest automaker, posted a 4.3 percent decrease last month, and Nissan’s sales fell 5.5 percent, bigger declines than analysts expected. Honda, most reliant on the U.S. among Japan’s automakers, had a 9.9 percent sales drop that topped analysts’ estimates. On
Oct. 6, 2013
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Renault Samsung’s output tops 2m units
Renault Samsung Motors Co., the local unit of French automaker Renault SA, said Wednesday that its cumulative auto production in South Korea has exceeded 2 million vehicles.The milestone came 14 years after the French carmaker took over Samsung Motors, which went bankrupt in the wake of the 1997-98 Asian financial crisis.On Tuesday, Renault Samsung Motors said that it sold 11,203 vehicles last month, down 3.5 percent from 11,605 units a year ago.The sales figure came a day after the carmaker ann
Oct. 2, 2013
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Korea plans to sell up to W33.8tr of currency bonds
South Korea plans to sell up to 33.8 trillion won ($31.5 billion) worth of currency stabilization bonds next year as it braces for potential increased market volatility, the Finance Ministry said Wednesday.Of the total, 15.8 trillion won will be used to pay back maturing bonds, with 2 trillion won assigned to pay back debts earlier than scheduled. The remaining 16 trillion won would be a net growth in currency bond issuance, according to the finance ministry. It is lower than the 19 trillion won
Oct. 2, 2013
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Korea elected a member of ICAO council for fifth term
South Korea has been named a council member of the International Civil Aviation Organization for the fifth consecutive term, the government said Wednesday.The country garnered 156 votes from 176 member countries taking part in the ICAO assembly held in Montreal, Canada, coming in second among 14 countries competing in the election, according to the Ministry of Land, Infrastructure and Transport.“The country’s fifth consecutive election to the ICAO council shows that the country has clearly estab
Oct. 2, 2013
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Local car sales plunge in September
South Korea’s largest carmaker Hyundai Motor Co. said Tuesday that its sales dipped 2.1 percent in September from a year earlier due to partial strikes and the Chuseok holiday that cut the carmaker’s vehicle output.Hyundai sold 363,970 vehicles in September, compared with 371,743 units in the same month in 2012, the company said in a statement.Company officials said the carmaker posted on-year minus growth in September, for the first time in 18 months, adding that its local sales plunged 19.6 pe
Oct. 1, 2013
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Toyota launches luxury sedan Avalon
Toyota Motor Korea on Tuesday launched the All New Avalon Limited, a ramped-up fourth-generation version of the company’s flagship luxury sedan. Named after the legendary island where the mythical King Arthur was taken to recover from his wounds, the Avalon was first launched in North America in 1995 as one of the top upscale cars representing Toyota. It will be available in Korea for just over 49 million won ($46,000), a price tag on par with the $41,000 offered in the U.S. “The Avalon has led
Oct. 1, 2013
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Kumho Tires lures customers with creative service programs
Kumho Tires, Korea’s leading tire maker, is ramping up efforts to lure customers with new service programs. In April, the company started a mileage warranty program ― first of its kind in Korea ― that allows customers to ask for compensation for any discrepancy between a tire’s originally expected and actual lifespan. Global tire makers carry out similar programs in other countries such as the United States, but had long been reluctant to consider adoption in Korea due to the rough driving style
Sept. 29, 2013
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Toyota takes green drive beyond cars
TOYOTA CITY, Japan ― Toyota City is not only the home of Toyota Motor Corp., but a place where Toyota constantly brainstorms environmentally sustainable policies to put into practice both at home and abroad. These efforts can be easily witnessed at a number of Toyota’s facilities here, including its low-carbon plant, a nature school and, last but not least, the Toyota Eco-ful Town. Eco-ful Town opened in the heart of the city in 2012. Since then, more than 22,000 people have visited. Comprised o
Sept. 29, 2013
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Toyota Metal ramps up car recycling
Toyota Metal, established in 1970, recycles up to 99 percent of the material in cars that have reached the end of their life cycle.“Our technology is becoming stronger and eventually, we hope to commercialize it to a larger extent,” said Takashi Yoshida, president of Toyota Metal. He claimed that Toyota had a vision for environmental health from early on, when other companies weren’t even thinking about recycling. For now, Toyota Metal is happy to share some of its know-how ― free of charge. Yos
Sept. 29, 2013
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Toyota revs up hybrid push
TOYOTA CITY, Japan ― Hybrid or not, eco-friendly cars are meaningless unless they are readily available and affordable. That is why Toyota will launch as many as 18 hybrid models up until the end of 2015.The carmaker has already unveiled the luxury sedan Crown Majesta hybrid lineup and is ready to unleash 17 more ― including complete model changes and existing Toyota cars whose engines will be replaced with hybrid versions. Further, at the upcoming Tokyo Motor Show in November, Toyota will be sh
Sept. 29, 2013
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[Photo News] New Panamera
Sept. 24, 2013
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Obama’s car czar back in Detroit
Ron Bloom is back in Detroit two years after helping run President Barack Obama’s auto-industry team. This time, he took one role defending the city’s workers and another that puts him at odds with carmaker employees.Bloom, now a Lazard Ltd. vice chairman, was hired by Fiat SpA Chief Executive Officer Sergio Marchionne to wrest concessions from a union health care fund that will help finance Chrysler’s takeover, according to people familiar with the matter. At the same time, Bloom is advising De
Sept. 22, 2013
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Tesla Motors shows no interest in Korea
LOS ANGELES ― California-based Tesla Motors appeared to have no plans or interest in entering the Korean market over the short term.“We don’t have business in Korea, and we don’t have plans to launch for a while,” said Atsuko Doi, a communications officer for the electric carmaker’s Asian operations. Doi added that Tesla also has no comments on how it may perform in Korea in the foreseeable future, saying the company was “totally in full capacity for launched countries.” The Japanese representat
Sept. 22, 2013
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Equus durable but no looker
No doubt about it, the Equus is not a car to be dealt lightly with. Befitting its name as Hyundai’s premium brand, it oozes a certain presence. The model I drove was a 3800 cc facelift unveiled in November last year, and encased in a tasteful silver-gray body.But before we go into the performance, let’s be clear that the design could really be better.Granted, the Equus is usually reserved for chief executives and other corporate heavyweights or other people of the sort. And yes, the latest 2013
Sept. 22, 2013