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BUSINESS

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LATEST NEWS
  • [Graphic News] Majority of Americans see North Korea as enemy: poll
  • Secret love story between Hyun Bin and Son Ye-jin takes place in North Kore...
  • N. Korea blasts Trump's warning, says it has nothing more to lose
  • PPP forum on exporting smart transport infra to be held
  • Seoul closely monitors Pyongyang’s activities amid latest possible provoca...
  • Court gives jail terms to Samsung execs in accounting fraud case
  • 22 restaurants in Korea included in La Liste
  • [Editorial] Keep innovation alive
  • S. Korea’s workforce to see steepest decline among key economies: WTO
  • [Daniel Moss] Former sex slaves shouldn’t become trade weapons
  • [Behind the Wheel] Why Mercedes-Benz GLB has it all

    Today

    [Behind the Wheel] Why Mercedes-Benz GLB has it all

    Through curvy Andalusian mountains, GLB variants shows why Benz went with 7-seater compact SUV

  • Half of Hyundai, Kia cars sold in US are SUVs

    Half of Hyundai, Kia cars sold in US are SUVs

    More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since they launched operations in the world’s second-largest auto market, the companies said Sunday. Of the 1.2 million vehicles Hyundai and its smaller affiliate Kia sold as of November, 668,328 units or 55.4 percent of the total were SUV, from 30.9 percent in 2013. The number of SUVs sold by November already has surpassed the figure for las

    Dec 8, 2019

  • Kia to accelerate sales in India as new plant kicks off

    Kia to accelerate sales in India as new plant kicks off

    In addition to Seltos, Kia plans to launch MPV, subcompact SUV next year to target world’s fourth-largest auto market

    Dec 5, 2019

  • Hyundai Motor to invest W61.1tr for R&D, future tech under 2025 road map

    Hyundai Motor to invest W61.1tr for R&D, future tech under 2025 road map

    Automaker aims to transform itself into ‘smart mobility solution provider’

    Dec 4, 2019

  • Mercedes-Benz Mobility Korea introduces long-term car rental program

    Mercedes-Benz Mobility Korea introduces long-term car rental program

    Daimler Mobility -- a subsidiary of Daimler Group, which owns Mercedes-Benz -- officially kicked off operations in South Korea on Tuesday, offering a long-term car rental program. Mercedes-Benz Mobility Korea is the first of its kind globally and the fourth entity of the Daimler Group to launch operations in Korea. The company said it will offer a tailor-made mobility product under its concept of “mobility at your fingertips.”“We will offer one- to five-year long-term

    Dec 3, 2019

  • Monthly sales of Renault Samsung’s QM6 surge 50% on-year

    Monthly sales of Renault Samsung’s QM6 surge 50% on-year

    Renault Samsung, a South Korean subsidiary of the French carmaker, sold 5,648 units of its sport utility vehicle QM6 in November, up 50 percent from the same month last year, the company said Monday.It was the first time since 2016 that sales of the QM6 surpassed the 5,000 mark. It ranked second in the mid-sized SUV segment, after Hyundai Motor’s Santa Fe, added the company. Driven by growing interest in vehicles powered by liquefied petroleum gas, 3,626 units of the QM6 LPe were sold

    Dec 2, 2019

  • 7 importers to recall over 12,000 vehicles

    7 importers to recall over 12,000 vehicles

    Seven distributors of foreign car brands in South Korea are voluntarily recalling more than 12,000 vehicles over faulty parts, the Ministry of Transport said Monday.Audi Volkswagen Korea, FCA Korea, Porsche Korea, Scania Korea, Bike Korea, Moto Rossa and Hanbul Motor -- which imports Peugeot and Citroen vehicles -- will recall 12,053 units of 16 models.VW’s Tiguan was found to have a faulty air bag while Peugeot 5008 1.5 BlueHDi SUV reported problems with the spare tire holder. Defects in

    Dec 2, 2019

  • Hanwha chief’s eldest son promoted to Hanwha Q Cells VP

    Hanwha chief’s eldest son promoted to Hanwha Q Cells VP

    Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-youn, has been promoted as the vice president of Hanwha Q Cells and Advanced Materials, the conglomerate’s solar panel maker.The 36-year-old chaebol scion has been serving as the chief commercial officer and a senior executive of Hanwha Q Cells for four years. Officials said he was promoted in recognition of his contributions in raising the company’s profile as the world’s leading photovoltaic panel manufacture. H

    Dec 2, 2019

  • Han Sung Motor’s Dream Gream students to participate in Seoul Design Festival

    Han Sung Motor’s Dream Gream students to participate in Seoul Design Festival

    A corporate social responsibility project by Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, will join the 2019 Seoul Design Festival that kicks off Wednesday for a five-day run.Taking place at Coex in southern Seoul, the annual event invites prominent designers, design brands and companies to exchange their artistic talents and to support local designers in making international debuts. Recipients of Han Sung’s Dream Gream scholarship program will demonstr

    Dec 2, 2019

  • [Newsmaker] Tada claims legitimacy by adding mobile tech to existing service

    [Newsmaker] Tada claims legitimacy by adding mobile tech to existing service

    Top executives attend first court hearing to argue case

    Dec 2, 2019

  • [Foreign Execs in Korea] Audi VW Korea gears up to regain market leadership

    [Foreign Execs in Korea] Audi VW Korea gears up to regain market leadership

    German carmaker’s chief in Korea says 2020 crucial for its rebirth here, positive on launching mobility services, EV growth

    Dec 1, 2019

  • Hyundai Glovis enters used car, shipping markets in China

    Hyundai Glovis enters used car, shipping markets in China

    Hyundai Glovis said Thursday it has launched two joint ventures in China to make a foray into the local used car and shipping markets.The subsidiary of Hyundai Motor Group and Beijing Changjiu Logistics have set up two separate JVs -- Beijing Changjiu Glovis Automobile Service and Shanghai Changjiu Glovis Shipping. The two JVs will be launched early next year, the company said without disclosing the size of investments.The first JV seeks to target China’s growing secondhand car market, whi

    Nov 28, 2019

  • Mercedes-Benz Korea delivers first new EQC

    Mercedes-Benz Korea delivers first new EQC

    Mercedes-Benz Korea said Thursday that it has delivered its new EQC to the model’s first customer in South Korea. The vehicle, launched here Oct. 22, is the German carmaker’s first full electric vehicle under the EQ brand.The delivery ceremony at the EQ Future Pavilion in Seoul’s Sinsa-dong was attended by Lee Sang-kuk, vice president of sales at Mercedes-Benz Korea, and Mark Raine, the company’s vice president of products and marketing. They delivered the new EQC to

    Nov 28, 2019

  • BMW vows to expand R&D center, partnerships with Korean firms

    BMW vows to expand R&D center, partnerships with Korean firms

    YEONGJONGDO, Incheon -- BMW Group Korea said Tuesday it will expand its research and development center in South Korea and increase its partnerships with local firms.BMW Finance board member Nicolas Peter told reporters that the German carmaker plans to strengthen its R&D center here by relocating and hiring 13 additional employees to have 29 staff in total.But the company did not clarify the exact scale or funding for the expansion.“We will invest in a new location for our R&D Cen

    Nov 27, 2019

  • Hyundai Motor’s GBC construction to begin next year

    Hyundai Motor’s GBC construction to begin next year

    Hyundai Motor Group has received the green light to begin construction of its new headquarters, dubbed the Global Business Center, in Samseong-dong in Seoul in the first half of next year. Targeting for 2026 completion, the automaker said it has reached a phased agreement deal with the Defense Ministry and received municipal approval.The project was initially scheduled to start construction in December 2016 but it hit a snag for years due to concerns over national safety in cases of air-to-

    Nov 26, 2019

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