Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Ssangyong Motor launches flagship sedan in China
Ssangyong Motor Co., South Korea‘s smallest carmaker, announced Monday the launch of its flagship luxury sedan for the first time in China, as the company moves to expand into the world’s largest auto market.The Chairman W, which is on display at the ninth annual Guangzhou International Motor Show, will officially go on sale Tuesday, the carmaker said.The CW700 limousine features a 3.6-liter XGi3600 engine and carries a price tag of around 120 million won ($105,200), Ssangyong said, adding it is
Nov. 21, 2011
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Suzuki says it wants to end alliance with Volkswagen
Suzuki Motor Corp said Friday it was terminating itspartnership with Volkswagen AG and threatened to take the matter toan international arbitration if the German company refused to sellits 19.9-per-cent stake in its smaller Japanese partner.The two carmakers are at odds over claims by Suzuki thatVolkswagen had not granted it access to certain technologies, inbreach of a promise made in a 2009 partnership deal. Relations souredfurther after VW called Suzuki an “associate” in its annual report.“To
Nov. 20, 2011
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Toyota awaits Prius bounce as inventory recovers, oil rises
Toyota Motor Corp., the biggest seller of gasoline-electric cars, said U.S. sales of Prius will revive with increased inventory and rising oil prices.Deliveries of the Prius, the top-selling hybrid since 1997, declined 9.4 percent through October from a year ago. Competitors also stumbled. Honda Motor Co.’s Insight fell 21 percent and Ford Motor Co.’s Fusion Hybrid sedan slid 48 percent in the same period, according to Autodata Corp.“When Toyota is 70 percent of the market and we had to stop Pri
Nov. 20, 2011
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All-electric SM3 planned for 2012
Renault Samsung says state support required for cars with replaceable batteriesTheRenault Samsung Motors said Sunday that it is working to produce an all-electric version of its mid-sized SM3 sedan next year with replaceable batteries that can be exchanged at drive-in facilities.The Korean unit of the French carmaker has the goal of launching 250 “zero-emission” vehicles by December 2012 to show its commitment in clean energy vehicles, while key requirements for the plan would involve policymake
Nov. 20, 2011
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New car sales in Europe fall amid deepening economic gloom
New car registrations in Europe fell by 1.8 percent in October, the European Automobile Manufacturers’ Association said Wednesday, amid signs of deepening economic gloom across the region.The month-on-month drop brought total new registrations in the 27-member European Union down to 1.01 million vehicles, with sharp falls in the nations that have emerged at the heart of Europe’s debt crisis.This includes Italy and Spain, where new car registrations slumped by 5.5 per cent and 6.7 per cent respec
Nov. 20, 2011
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Imported cars in Korea to top 600,000 units
Imported cars registered in South Korea are expected to surpass the 600,000-unit mark for the first time this month, buoyed by solid consumer demand, a trade association said Thursday.The Korea Automobile Importers and Distributors Association said the number of foreign-made cars on the country’s streets, excluding commercial vehicles such as trucks and buses, hit 596,398 units as of the end of October.The figure is equivalent to 4.2 percent of the 14 million passenger cars registered in the cou
Nov. 17, 2011
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Ssangyong Motor exports to set milestone this year
Carmaker projects exports to reach 63,169 units in Jan.-Oct. periodSsangyong Motor is projected to post record export performance this year, taking the lead in the growth of overseas sales among carmakers in Korea.The company saw its exports reach 63,169 units for the first 10 months of 2011, up 61.3 percent from 39,158 units over the corresponding period a year earlier.Company executives predict that exports per annum will come to 75,000 units this year. The carmaker’s current record-high figu
Nov. 16, 2011
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Hybrid car sales drop sharply in Oct.
South Korea’s hybrid vehicle sales dropped sharply in October despite high fuel prices, local industry sources said Tuesday.Consumer demand for the fuel efficient vehicles that run on both combustion engines and electric power posted a double digit slump in sales despite concerted efforts by carmakers and the government.Seoul has moved to cut taxes levied on hybrids to bolster sales, while producers have offered favorable warranties to attract consumers.Hyundai Motor Co. South Korea’s largest ca
Nov. 15, 2011
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S. Korea's hybrid car sales drop sharply in October
South Korea's hybrid vehicle sales dropped sharply in October despite high fuel prices, local industry sources said Tuesday.Consumer demand for the fuel efficient vehicles that run on both combustion engines and electric power posted a double digit slump in sales despite concerted efforts by carmake
Nov. 15, 2011
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Hyundai Motor unveils all-new Genesis Coupe
Hyundai Motor Co., South Korea’s largest automaker, on Sunday unveiled its all-new premium Genesis sports coupe that features more power, a dynamic exterior and passenger comfort.The vehicle, which shares the same external dimensions with the older model launched in October 2008, has a large radiator grill, aggressive head lamps and rear light combinations with liberal use of light emitting diode lights.The car, shown for the first time at the Korea International Circuit in Yeongam, South Jeolla
Nov. 13, 2011
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Hyundai, Kia set milestone in U.S. exports
Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their cumulative sales in the U.S. surpass 10 million units as of October.In the North American market, Hyundai Motor sold about 7.13 million units over the past 25 years and Kia Motors’ sales came to about 3.68 million units over 17 years.Hyundai, which was established in 1967 and experienced first exported of the Pony sedan in 1976 to Ecuador, finally entered the U.S. market in 1986.The company has actively expanded its presence there wi
Nov. 13, 2011
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Mercedes dealer names new CEO
Han Sung Motor, the official Mercedes-Benz dealer in Korea, announced Friday that it will name Ulf Ausprung as its new chief executive.The new CEO’s 18 years of experience in automobile industry, which mainly focuses on sales and marketing, were decisive factors for him to be selected, the company said in a statement.His experiences encompass working in a variety of regions including China, where he worked as a senior manager at a local deaer for six years. The CEO also spent few years in the Mi
Nov. 13, 2011
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Hyundai, Kia U.S. car sales to top 1m mark this year
U.S. sales of vehicles made by Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to surpass the 1 million mark for the first time this year, fueled by a surge in consumer demand, the carmakers said Thursday.The two companies, part of the world’s fifth-largest automaker Hyundai Motor Group, said their combined sales in the U.S. market jumped 26 percent on-year to 950,411 units in the first 10 months of this year.Hyundai, South Korea’s largest carmaker, said it sold 545,316 cars in
Nov. 10, 2011
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Hyundai, Kia cars win Middle East ‘car of the year’ awards
Four vehicles made by top South Korean automaker Hyundai Motor Co. and its affiliate Kia Motors Corp. have won 2011 Middle East Motor Awards, industry sources said Wednesday.The cars that ranked first in their respective sections were Hyundai’s Accent subcompact and Elantra compact and Kia’s Optima mid-size sedan and Sportage compact sport utility vehicle.The two automakers are the flagships of Hyundai Motor Group, the world’s fifth-largest car manufacturer, with Hyundai sales in the region risi
Nov. 9, 2011
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Honda to release over 10 new models in S. Korea: CEO
Honda Motor Co., Japan‘s No. 2 carmaker, plans to launch more than 10 new models in the growing South Korean market, the company’s global CEO said Wednesday.Takanobu Ito said in a meeting with reporters that South Korea has become an important market for the Japanese carmaker and said all available resources will be used to boost competitiveness here.He did not give the names of the car models Honda wants to sell in South Korea or a time frame for their release but said the launching of the 2012
Nov. 9, 2011
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Ssangyong Motor to release flagship sedan in China
HONG KONG (Yonhap News) ― South Korea’s smallest automaker Ssangyong Motor Co. said Tuesday it will unveil its flagship luxury sedan for the first time in China in an effort to expand its presence in the world’s No. 1 auto market.The Chairman W will be showcased at the ninth annual Guangzhou International Motor Show, which is set to kick off on Nov. 22 for a seven-day run in the southern Chinese city.Ssangyong Motor, the Korean unit of the Indian sport utility vehicle maker Mahindra & Mahindra L
Nov. 8, 2011
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Mini Cooper Coupe launched
German luxury carmaker BMW AG on Tuesday launched a coupe version of its popular Mini small-sized car to meet South Korean consumer demand for sporty vehicles, the company said.The Mini Cooper Coupe is the first two-seater and the fifth model of the compact, fuel efficient vehicle that has been on the market for a decade.The new coupe, which was unveiled at the Frankfurt Motor Show in September, has a 1.6-liter, inline four cylinder engine that generates a maximum 122 horsepower with 16.3 kilogr
Nov. 8, 2011
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Malibu trails rivals in price, performance
GM Korea launched the Malibu, a midsize sedan of the Chevrolet series, in the local market a week ago.Though the company is pinning its hopes on the Malibu to grab more than 10 percent of the Korean market, data showed that the sedan fell behind the similar sedans from major competitors in terms of fuel efficiency, engine performance and price competitiveness.According to each company’s data for sales at dealerships, the gasoline-fueled Malibu with an engine capacity of 2.0 liters posted the low
Nov. 7, 2011
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Malibu trails competitors in price, performance
GM Korea launched its sales of the Malibu, a midsize sedan of Chevrolet series, in the local market a week ago.Though the company is pinning hope on the Malibu for its goal to grab more than 10 percent of the Korean market, data showed that the sedan fell behind the similar sedans of major competitors in terms of fuel efficiency, engine performance and price competitiveness.According to each company’s data for sales at dealerships, the gasoline-fueled Malibu with an engine capacity of 2.0 liters
Nov. 7, 2011
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Hyundai, Toyota vie for No. 1 in Africa
Hyundai Motor has been closely competing with Toyota Motor to become No. 1 in automobile sales in Africa, posting about 60 percent in growth since to the beginning of the year.The company saw its sales in Africa reach 16,011 units in October, compared with 10,051 units in January.Hyundai has ranked second with a 12.8 percent share of the African market while Toyota captured 14.7 percent of the market.Hyundai has surpassed Toyota in the five major countries ― Egypt, Algeria, Morocco, Angola and t
Nov. 6, 2011