Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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U.S.-built Japan cars hit Korea for tax perks
The Korean parliament’s ongoing dispute over the free trade agreement with the United States is dimming prospects for its early ratification. But global carmakers operating in the United States were already fixing plans to launch vehicles here for the tax advantages in the pact that will greatly impact the auto industries of the two countries.Toyota Motor Corp., among them, is the first to bring its made-in-America cars to Korea at a lower price in expectation of lower taxes. As all cars manufac
Nov. 6, 2011
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Kia Motors to build 3rd plant in China
Kia Motors Corp., South Korea’s No. 2 automaker, signed an investment contract on Wednesday to build a new Chinese assembly plant in an effort to better meet demand growth in the world’s largest car market.The deal calls for the Kia plant, which will be the third in the country, to be built by the second half of 2014 and have an annual production capacity of 300,000 cars.This output will compliment the 430,000 cars that are currently being made by the carmaker’s two car assembly lines in Yanchen
Nov. 2, 2011
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Car exports up, domestic sales down
Korea’s major automakers posted contrasting sales performances at home and abroad last month.Hyundai Motor and Kia Motors saw their exports increase in October from a year earlier. But their sales at home dropped on a yearly basis.Hyundai Motor sold 305,923 units, including exports and overseas production, abroad last month, up 18.3 percent from 258,644 units a year ago.The nation’s largest automaker saw exports of 114,454 units and sales of 191,469 units from overseas factories, increases of 18
Nov. 1, 2011
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Hyundai, Kia No. 2 in China
Hyundai Motor and its affiliate Kia Motors ranked No. 2 in sales of small vehicles in China during the first nine months of 2011, automotive data showed.It said the two carmakers saw their ranking climb by four notches on a year-on-year basis by grabbing 10.9 percent of the Chinese market. They placed sixth during the same period last year.The data showed that Hyundai-Kia sold a combined 162,472 units in the compact car segment between January and September.The companies saw their sales jump 52.
Oct. 31, 2011
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Hyundai’s car production helps economy in Czech Republic
OSTRAVA, Czech Republic ― It has been more than two years since Hyundai Motor established a large-scale manufacturing plant in the Czech Republic.Apart from the factory’s role as a logistics base for Hyundai’s automobile sales in Europe, an issue has emerged as to whether the Korean company has been gaining favorable image from Czech citizens and its government.Though the automaker’s factory is located in a small city of Nosovice, whose population stays only at about 1,000, it has been playing a
Oct. 30, 2011
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Hyundai Motor in Czech Republic helps economy
Jobs popular among female workers from border countriesOSTRAVA, Czech Republic -- It has been more than two years since Hyundai Motor established a large-scale manufacturing plant in the Czech Republic.Apart from the factory’s role as a logistics base for Hyundai’s automobile sales in Europe, an issue has emerged as to whether the Korean company has been gaining favorable image from Czech citizens and its government.Though the automaker’s factory is located in a small city of Nosovice, whose pop
Oct. 30, 2011
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Hyundai, Kia focus on quality in Europe
Korean carmakers seek sustainable growth rather than blind pursuit of market shareFRANKFURT, Germany ― Hyundai Motor and its affiliate Kia Motors overtook Toyota Motor in their combined sales in the European market in 2010. The Korean carmakers’ aggressive sales marketing may catapult them to the level of Volkswagen and BMW in Europe. But the Hyundai Motor Group turned its eyes from market share to quality control. “Separately, Hyundai is expected to surpass the Japanese competitor in European m
Oct. 27, 2011
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[Meet the CEO] BMW Korea CEO’s secret to long reign
Kim puts priority on communication, pride in staffMunich-based BMW Group regards Korea as one of the important markets for their global management despite its small portion in Korea of the automaker’s total sales worldwide.Apart from the boom in the import vehicle market in Korea, the automobile giant’s focus on Korea appears based on its strong confidence in its Korea branch CEO Kim Hyo-joon.Last year, personnel managers at the company’s German headquarters asked the 54-year-old Korean CEO to w
Oct. 26, 2011
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[Meet the CEO] BMW shows strong confidence in Korea branch CEO
Automaker puts value on three P’s -- product, people and partnersMunich-based BMW Group regards Korea as one of the important markets for their global management despite its small portion in Korea of the automaker’s total sales worldwide.Apart from the boom in the import vehicle market in Korea, the automobile giant’s focus on Korea appears based on its strong confidence in its Korea branch CEO Kim Hyo-joon.Last year, personnel managers at the company’s German headquarters asked the 54-year-old
Oct. 26, 2011
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Korea’s domestic car market to shrink in 2012: think tank
South Korea’s domestic car market is expected to shrink for the first time in four years in 2012 mainly due to the economic slowdown and rise in household debt, an automotive think tank said Tuesday.The Korea Automotive Research Institute said sales may contract 1.1 percent to 1.58 million vehicles next year from this year’s estimate of 1.60 million units.The dip will the first time since 2008 that the domestic market fell from the previous year, the institute said.“Weak economic growth, rise in
Oct. 25, 2011
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VW likely to overtake Toyota as top carmaker in 2011
Volkswagen AG will probably become the world’s biggest carmaker this year, vaulting past Toyota Motor Corp. and General Motors Co . on gains in emerging markets.Volkswagen AG will probably become the world’s biggest carmaker this year, vaulting past Toyota Motor Corp. and General Motors Co . on gain
Oct. 25, 2011
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Hyundai exports 2m cars to Latin America
Hyundai Motor Co., South Korea’s largest automaker, said Sunday that total car exports to Latin America reached 2 million units, fueled by competitiveness in quality and successful marketing efforts.The company said the milestone, which was reached on Saturday with the loading of 800 Tucson ix sport
Oct. 23, 2011
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Import car sales to top 100,000 units in 2011
The nation’s automobile market is set to mark an epoch-making figure in import vehicle sales this year as more foreign companies’ expand their marketing and businesses here.Apart from the big four ― BMW, Mercedes-Benz, Volkswagen and Audi, new competitive players such as Nissan and Jaguar/Land Rover
Oct. 23, 2011
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GM Korea recalls nearly 100,000 cars worldwide
GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., is recalling nearly 100,000 cars globally for a faulty fuel hose in its certain model year diesel that could cause leaks and the vehicle to come to a sudden halt, the Seoul government said Thursday.In South Korea alone, 32,618
Oct. 20, 2011
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Hyundai Motor unveils revamped i30 hatchback
Hyundai Motor Co., the country’s largest automaker, will begin selling a revamped version of its i30 compact car this week to help the vehicle better compete against cars such as the Volkswagen Golf, the company said Thursday.Hyundai Motor said it aims to sell 215,000 units of the i30 hatchback next
Oct. 20, 2011
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Exports of Hyundai's Equus luxury sedan surge
SEOUL, Oct. 17 (Yonhap) -- South Korea's top automaker Hyundai Motor Co. said Monday that exports of its flagship Equus passenger car have surged thanks to its globally competitive performance.The carmaker said overseas sales of its second generation Equus that was first launched in March 2009 reach
Oct. 17, 2011
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Hyundai adds cheapest car to India lineup to challenge Suzuki
Hyundai Motor Co., poised to earn the most profit among Asian carmakers this year, will step up its campaign to weaken Suzuki Motor Corp.’s loosening grip on India’s automobile market with a new hatchback.The Seoul-based company on Thursday introduced the Eon, its cheapest model in India so far, wit
Oct. 16, 2011
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Regional twists keep GM designs global: Welburn
DETROIT ― General Motors Corp. may be renowned for its mass scale of production across 140 countries, but little is known of its ability to differentiate designs across regions. GM designs are found in all regions, but there are unique twists in Korea, China, Thailand and India to suit local driving
Oct. 16, 2011
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FTA boosts European car sales in Korea
European carmakers have far surpassed Korean companies in vehicle sales growth since the implementation of the Korea-EU Free Trade Agreement on July 1.Hyundai Motor and its affiliate Kia Motors saw their yearly sales growth inch up 2.7 percent at home, according to the Korea Automobile Research Inst
Oct. 9, 2011
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BMW strives to enlarge Mini market with new cabriolet
Boris Knoblich is one of the reasons why Bayerische Motoren Werke AG is struggling to create a bigger market for the Mini. The 37-year-old media consultant from Berlin doesn’t have the Munich-based manufacturer’s urban car brand on his shopping list, rejecting the new two-seater Mini coupe that his
Oct. 9, 2011