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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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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[Herald Interview] Why Toss invited hackers to penetrate its system
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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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Kia’s Morning becomes top seller in first 8 months
Kia Motors’ subcompact Morning was ranked as the best-selling model in South Korea in the first eight months of 2013, data showed Tuesday.Kia sold 62,123 Mornings in the January-August period, with Hyundai Motor’s mid-sized Sonata sedan following with 61,532 units.Hyundai’s full-sized Grandeur sedan was in third place with 61,153 vehicles sold, according to the sales data released by Kia and Hyundai.Morning became the best-selling model in the country between January and June before slipping to
Sept. 3, 2013
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BMW, Tesla emerge as electric car rivals
BMW, the world’s top “premium” car brand in both sales and brand recognition, probably never thought it would be up against a newcomer like Tesla, but the situation today is that the German carmaker may indeed have something to fear.“We won’t say BMW perceives Tesla as a rival, but it is closely watching the company,” said one industry source close to the matter.Tesla, on the other hand, appeared to be nonchalant and fearless, with the CEO Elon Musk commenting that “there’s room to improve on th
Sept. 2, 2013
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Domestic carmakers’ sales up in August
South Korea’s largest carmaker Hyundai Motor Co. said Monday that its sales jumped 29.1 percent in August from a year earlier despite partial strikes that cut the carmaker‘s vehicle output.Hyundai sold 381,429 vehicles in August, compared with 295,449 units in the same month in 2012, the company said in a statement.For the first eight months, Hyundai sold more than 3.13 million units, up 11.5 percent from a year ago, according to Hyundai.The strong sales performance came despite Hyundai’s 46,000
Sept. 2, 2013
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Renault’s Tavares said to have asked Ghosn for wider role
Renault SA Chief Operating Officer Carlos Tavares proposed taking on a wider role at the French carmaker in meetings last week with Chief Executive Officer Carlos Ghosn, two people familiar with the matter said. Ghosn, who is also the CEO of alliance partner Nissan Motor Co., turned him down and offered to let him stay as COO, said the people, who asked not to be identified because the talks were private. Tavares, who would have still reported to Ghosn under his proposal for a broader role, deci
Sept. 1, 2013
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Chevrolet Spark EV no glorified golf cart
To sum up a test-drive experience for Chevrolet’s Spark EV, I would start with “unusual.”Because it was my first time driving a purely electric vehicle, there are limitations to my evaluation, such as being unable to compare it to its rivals, for instance.But even with minimal references to rely on, I still had certain expectations, partly from my experience with hybrids.And it was precisely as I had imagined ― nothing more, nothing less.As I was driving the Spark EV, I thought of the prejudice
Sept. 1, 2013
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[Photo News] Kia's news Coupe
Aug. 27, 2013
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GM Korea unveils electric car
GM Korea unveiled its electric car, the Chevrolet Spark EV, at a ceremony in Incheon on Tuesday, saying it will begin selling the vehicle in October.“The pure electric Spark EV represents another step forward on GM’s roadmap to providing a variety of solutions that benefit our environment and our customers,” said Sergio Rocha, CEO of GM Korea. “As GM’s first fully electric vehicle in the domestic market, it demonstrates Korea’s important role in GM’s long-term global vehicle strategy.”The Spark
Aug. 27, 2013
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[Photo News] Volvo's new model
Aug. 26, 2013
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‘Korando Three’ brings new vigor to Ssangyong
After years of sluggish sales, Ssangyong Motor has begun to brim with fresh vigor. And behind the carmaker’s successful turnaround is its Korando Three.Ssangyong sales in the first half of this year grew 23 percent from a year ago. Total sales reached 69,000 units, which was at par with its goals and also the highest since 2007. In the second quarter, the carmaker swung into the black for the first time in about six years after posting an operating profit of nearly 3.7 billion won.The strong per
Aug. 25, 2013
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Avante Diesel: New reliable weapon for Hyundai?
In unveiling the Avante Diesel last week, Hyundai Motor broke an unwritten rule in the automotive industry: A carmaker never elaborates on its direct competition. “During the development of the diesel model, we carried out comparison tests with the Volkswagen Golf,” said Jeong Byung-kwon, Hyundai’s chief of compact vehicles, during the launching event. “While Volkswagen’s BlueMotion focused more on better fuel ratings, we made efforts to improve the noise issue and performance as well. We feel c
Aug. 25, 2013
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Hyundai Motor loses $130.3 mil. from Saturday strike
Ongoing strikes at Korea's largest carmaker is having a financial toll on the company.Hyundai Motor is estimated to have lost 145.2 billion won ($130.3 million)Saturday as its workers boycotted that day's overtime shifts, sources said.According to the sources, Hyundai Motor failed to produce 7,104 cars Saturday as its unionized workers did not show up to work for their weekend work shift.The move came after Hyundai's 46,000 union workers staged a partial strike Friday. Hyundai workers also launc
Aug. 24, 2013
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Hyundai Motor union goes on partial strike
Members of the Hyundai Motor Co. union went on a partial strike on Tuesday, citing failed negotiations with management on a wage hike, welfare benefits and job security.Some 4,500 union members of the country’s largest carmaker put down their tools for two rounds of a two-hour strike in the afternoon. Last year’s walkout resulted in a production shortfall of 82,088 vehicles and an estimated sales loss of 1.7 trillion won ($1.5 billion). The union said it will return to the factory line on Thursd
Aug. 20, 2013
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Volkswagen CEO moves to Renault Samsung
Park Dong-hoon, chief executive of the Volkswagen brand at Audi Volkswagen, has joined Renault Samsung Motors as the chief of sales and marketing. “It was not an easy decision, especially since I had worked for eight years side by side with Volkswagen Korea. But I feel it’s time now to apply my know-how to other areas within the auto industry,” Park said regarding his relocation.Park had been with Volkswagen since 2005. Under his leadership, the carmaker’s annual sales jumped from 1,635 to over
Aug. 19, 2013
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Cadillac ATS redefines compact luxury
Cadillac’s entry luxury sedan was beyond what I’d imagined. I had seen the photos but wasn’t sufficiently prepared for what appeared to be the sportiest and most dynamic member of the classic U.S. auto brand. While not straying too far from the original Cadillac look featuring the trademark emblem and grille ― and did you know the shutters open and close at different speeds for better fuel economy? ― the ATS touted sleeker lines and an uplifted beltline that accentuated a youthful image. The elo
Aug. 18, 2013
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Porsche faces new hedge fund cartel claim in legal battle
Porsche SE faces a new legal maneuver from hedge funds seeking to recoup billions of euros they say they lost amid the former sports-car maker’s aborted bid to buy Volkswagen AG.The funds, which include Elliott International LP and Perry Partners LP, are suing Porsche for 1.81 billion euros ($2.4 billion) over claims it manipulated Volkswagen shares by denying interest in a deal before it made a bid. After other investors lost two similar claims at a German tribunal last year, the funds added an
Aug. 18, 2013
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The brains behind the BMW aesthetic
BMW, the best-selling foreign car brand in Korea, has developed the right chemistry with Korean customers in recent years. The nation is the fourth-largest market for the high-end 7 Series behind China, the U.S. and Germany. Its design head Karim Habib, who is credited with the current 7 Series design, also well understands Koreans’ passion for cars and the German luxury brand. “Thank you for your passion and enthusiasm. We will keep providing cars that will hopefully fuel that passion,” he said
Aug. 18, 2013
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Kia Motors opens community center in Malawi
Kia Motors Corp., South Korea's second-largest carmaker, said Thursday it has opened a community center in Malawi, the company's second such project as part of its global social outreach program. The center opened in Salima near the shores of Lake Malawi on Wednesday, and is designed to improve the quality of life of the local people and lower infant mortality rates in the area, said Kia. It also said it has donated three buses to the center to help enhance the mobility of local people in a
Aug. 15, 2013
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New Korando C offers exciting outdoor adventure in city
Sedans used to be at the center of the automotive market. Today, the SUV has become the favored vehicle type as the leisure industry expands and people pursue diverse interests. Following this trend, Ssangyong Motor Co. has launched the new Korando C on Aug. 7 under the slogan of “Urban Adventure.” The launch for the New Korando C was held at the Seoul Marina & Yacht Club in Yeouido, Seoul, and showed off the model’s features and advantages. At the launch event, a photo session was held for jou
Aug. 14, 2013
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Mercedes’ New A-Class: A bite-sized slice of luxury
In Korea’s fast-growing import car market, compact models ― those with an engine capacity of 2,000cc or less ― now make up more than half of new foreign-brand registrations. Mercedes-Benz, after launching the original A-Class hatchback 15 years ago, has long been behind the game in this hotly contested segment, mostly because larger sedans enjoyed a premium. The German carmaker is now looking to shake up the competition and capture a younger generation of drivers here with its smallest and cheap
Aug. 11, 2013
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Tesla co-founder gets $4.3m for SUV work-in-progress
Elon Musk, the billionaire co- founder of Tesla Motors Inc., received $4.3 million in stock-based pay for work on the Model X sport-utility vehicle that the board found probable the company will complete later.Chief Executive Officer Musk’s earnings made up more than 20 percent of the $19.3 million in stock-based compensation Tesla reported for the second quarter. The pay, which doesn’t vest unless the work gets done, was among three adjustments of more than $16 million that Tesla used to explai
Aug. 11, 2013