Ferrari CEO Benedetto Vigna (center) poses with Roma Spider, the Italian luxury carmaker’s latest soft-top convertible, during the Universo Ferrari exhibition which kicked off in Seoul on Thursday. The CEO visited Korea to celebrate the Asia premiere of the exhibition that travels around the world to showcase Ferrari’s 22 most representative cars. On his right is Dieter Knechtel, president of Ferrari's Far East and Middle East, and left is Enrico Galliera, chief marketing an

Hyundai Motor Group on Thursday completed its first overseas hydrogen fuel cell system facility in Guangzhou, China, signifying the South Korean auto giant's global expansion in the hydrogen industry. About 200 Chinese and Korean government officials and business executives, including Hyundai Motor Company CEO Chang Jae-hoon (sixth from left) and Lin Keqing (fifth from left), chairman of the Guangdong Provincial Political Consultative Conference and secretary of the Guangzhou Municipal Comm

South Korean battery maker Samsung SDI said Thursday an executive meeting was held to bolster environmental, social and governance management efforts. Some 20 top executives, including Samsung SDI CEO Choi Yoon-ho, joined the workshop held at the company’s headquarters in Giheung, Gyeonggi Province. “ESG management goes beyond corporate’s social responsibility. It is a key strategy to enhancing our competitive edge for the future,” said the CEO in his opening remarks. &ld

LG Innotek said Wednesday it has developed a new flexible three-dimensional lighting module for vehicles. Dubbed "Nexlide-M," the product boasts brighter, clearer and more uniform light emission, making it more visible in daylight, the company said. "The Nexlide-M is the whole package -- it has excellent functions and beautiful design," said Yoo In-soo, head of LG Innotek's Motor and Lighting business. In particular, it is able to emit clearer light while with minimal nu

Mathias Vaitl, head of Mercedes Me, digital service business and e-commerce, to lead German automaker's Korean office

Hyundai Rotem, a railway, defense and plant systems provider under Hyundai Motor Group, is speeding up the commercial debut of the nation’s first hydrogen-powered electric tram, with a test drive set to be carried out in the coming months. According to the Ministry of Trade, Industry and Energy on Wednesday, the company’s upcoming tram, equipped with hydrogen fuel cells, is expected to drive a total of 25,000 kilometers on two railway test tracks in Osong, North Chungcheong Provinc

Auto giant looks to bolster global policy power with recruitment

Recipients of Han Sung Motor’s Dream Gream scholarship showcased their work at Plastic Art Seoul 2023, a Seoul art fair dedicated to sculptures and installations that took place over the weekend. Han Sung Motor, the official importer of Mercedes-Benz cars here, has sponsored young artistic talents through the program that offers scholarships and mentoring opportunities. For the latest exhibition, 40 students joined to present media art creations under the theme “The most precious thi

Asiana Airlines, South Korea's second-largest airline, said Monday it has halted the sales of seats next to emergency exits following a recent incident in which a passenger opened an emergency exit door before landing. Currently, the air carrier operates two types of A320-200 aircraft, the same model that took flight during the door-opening incident, with 174 and 195 passenger seats, respectively. Sales of the two seats 26A and 30A in each aircraft will be discontinued indefinitely. An Asia

Passenger travel on Korea-Chinese routes stayed at 13 percent of pre-pandemic levels in the January-April period in contrast with a rapid recovery in other Asian routes, the transport ministry said Monday. In the first four months, the number of passengers on the routes between the two countries stood at 730,817, plunging from 5.65 million during the same period of 2019, according to data from the Ministry of Land, Infrastructure and Transport. But passenger travel on many other Asian routes is

Hyundai Motor Group said Friday that it has agreed with LG Energy Solution to jointly build an electric vehicle battery manufacturing plant in the US, expanding their footing in the burgeoning clean car market there. Under a joint investment of 5.7 trillion won ($4.3 billion), the two companies plan to start construction of the plant later this year. With an annual production capacity of 30 gigawatt-hours, enough to supply approximately 300,000 fully electric cars, the plant will commence operat

Hyundai’s revamped compact SUV can drive up to 417 km on single charge

Hundreds of Korean travelers who traveled to Northern Mariana Islands including Guam and Saipan are left stranded on the islands as of Thursday, with Super Typhoon Mawar lashing the territory with strongest downpour of wind and rain the region has seen in decades. According to Hana Tour, a Korean travel agency, approximately 230 travelers failed to take the return flight home on Tuesday due to the storm. "We heard from the local sources in Guam that Guam's airports will be closed until

South Korean electric vehicle battery maker SK On has attracted $944 million in funding as part of its push to expand its presence in the burgeoning EV market. According to its parent company SK Innovation on Wednesday, $800 million will be secured from a consortium led by MBK Partners, the Korea-based private equity firm, which is composed of financial investors from the US and the Middle East. Another $144 million will be attracted from SNB Capital, an investment banking arm under Saudi Nati

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Thursday it has developed a new headlamp that displays road signs on the road to prevent nighttime accidents. The high-definition lighting system visualizes road signs in texts or images and projects them on the road surface in real time. If there is a construction site ahead, the lamp shows a relevant symbol to alarm the driver. The lamp also projects a crosswalk sign at night to help secure pedestrians’ safety. Th