Most Popular
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South Korean President Yoon Suk Yeol declares martial law
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President Yoon Suk Yeol declares end to martial law after six-hour chaos
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'Is this happening in 2024?' South Koreans in panic, disbelief
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Opposition parties submit motion to impeach President Yoon Suk Yeol
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Ruling party leader denounces Yoon's declaration of emergency martial law
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What unfolded on Tuesday night in Seoul: A timeline
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South Korea sees first martial law in over 40 years
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South Korea faces unprecedented turmoil in aftermath of Yoon's martial law
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Assembly passes motion to revoke martial law
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Seoul defense chief calls meeting of key commanders
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Hyundai Motor, Toyota join forces for AI robot
Hyundai Motor Group and Toyota -- the world’s third and first top-selling auto giants, respectively -- have teamed up to advance the development of artificial intelligence and robotics. According to Hyundai-backed Boston Dynamics and Toyota Research Institute on Wednesday, the two sides decided to join forces to accelerate the development of general-purpose humanoid robots using the former’s two-legged Atlas robot and the latter’s large behavior models, or LBMs. “There ha
Oct. 18, 2024
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Kia to start EV production in Slovakia by year-end
Hyundai Motor Group’s smaller affiliate Kia is poised to start electric vehicle production in Europe by the end of this year at its Slovakian manufacturing plant, according to Marc Hedrich, president and CEO of Kia Europe. “(I had a) very good meeting today with Slovakian Economy Minister (Madame) Denisa Sakova and State Secretary Vladimir Simonak,” stated Hedrich in a LinkedIn post on Wednesday. “I had the opportunity to discuss challenges the automotive industry is faci
Oct. 17, 2024
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[Photo News] New Hyundai Casper
Hyundai Motor Company launched the new Casper, an upgraded model of the subcompact sports utility vehicle first released in 2021, in the Korean market on Friday. According to the automaker, the new Casper sports a stronger and more stylish design than the previous version while offering a wider range of safety features and convenient functions. The price for the new Casper, which is sold under the name Inster in overseas markets, is set to begin at 14.5 million won ($10,615). (Hyundai Motor Grou
Oct. 17, 2024
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[Photo News] Rolls-Royce Cullinan with new Grille
Rolls-Royce Motor Cars introduced the refined Cullinan Series II and Black Badge Cullinan Series II in Korea on Thursday, with updates that hone the SUV’s reputation. The first-ever Illuminated Pantheon Grille lends a modern touch to the vehicle’s already iconic front fascia, enhancing its presence in low light. Inside, the new Duality Twill upholstery, made from bamboo-based rayon, features a unique natural texture and is intricately embroidered with up to 2.2 million stitches, taki
Oct. 17, 2024
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Hyundai Mobis to build 1st EV power system plant in Slovakia
Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Thursday that it signed an agreement with the Slovakian government to set up its first manufacturing plant for electric vehicle power systems in Europe. With a 350 billion won ($256.7 million) investment, Hyundai Mobis will construct a plant in the Novaky region of western Slovakia to produce EV drive units consisting of an electric motor, inverter and reducer. Once completed next year, the facility will have the capacity
Oct. 16, 2024
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Hyundai, Kia develop 1st automatic system for press die design
Korea’s two leading auto brands -- Hyundai Motor Company and Kia -- announced Wednesday that they developed the world’s first automatic press die system for all designs. Press dies are used to form a vehicle’s body parts such as the trunk, hood and fender. Depending on the part’s design, automakers usually conduct the press dying process three to five times to manufacture a part while press die designers line up numerous requirements for the production of each part. Accor
Oct. 16, 2024
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[Photo News] Maserati's first electric SUV
Maserati unveiled its first fully electric sport utility vehicle, the Grecale Folgore, in Korea on Wednesday, showcased in nero tempesta black (left) and dark aurora blue. Named after the Italian word for lightning, the Folgore is powered by CATL’s battery that provides up to 500 kilometers of range by Worldwide Harmonized Light Vehicles Test Procedure standards, with Korean certification still pending. It offers comparable performance to luxury electric SUVs like the Porsche Macan with 82
Oct. 16, 2024
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LG wins $9.5b battery deal to power over 1m Ford electric vans
LG Energy Solution has landed its biggest deal of the year, partnering with Ford to supply 109 gigawatt-hours of batteries for the automaker's electric commercial vehicles through 2032. Announced on Tuesday, this long-term agreement will see LG providing enough battery power for over a million electric commercial vehicles, all manufactured at the company’s plant in Wroclaw, Poland. The batteries, expected to be a high-performance ternary pouch type, will be delivered over two periods
Oct. 15, 2024
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[Photo News] Kia turns ocean trash into trunk liner
Kia has launched a special edition trunk liner for its EV3, crafted from recycled plastics gathered from the Great Pacific Garbage Patch. This eco-friendly product, created in partnership with the Dutch nonprofit The Ocean Cleanup, is the first of its kind in the automotive industry. Made from 40 percent marine plastic, the liner features a unique pattern inspired by the nets used to capture plastic debris in turbulent waters. The limited edition accessory will be available in select markets, in
Oct. 15, 2024
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Korea urged to enhance readiness for self-driving safety rules
South Korea should join the global movement to set safer international standards for autonomous driving systems, according to a report released by the state-run Korea Automotive Technology Institute on Monday. Cho Min-wook, senior researcher and author of the report, stated that the International Organization for Standardization and the auto industry are looking to adopt a more comprehensive approach that encompasses safety and security for Level 3 and more advanced self-driving systems. ISO is
Oct. 14, 2024
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Fescaro chief stresses importance of software-based operation in future mobility
With the age of autonomous vehicles just beyond the horizon, software is becoming just as important as the nuts and bolts of an vehicle. Hong Seok-min, the CEO of Fescaro, which provides software solutions for future mobility, said "software-defined operation" is a key term in the automotive industry today and in the future. "Without a doubt, the keyword (in the mobility industry) is the software-defined vehicle. Designs of existing internal combustion vehicles are centered on t
Oct. 14, 2024
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[Photo News] Mercedes for German embassy
Mercedes-Benz Korea said Monday that its all-electric vehicle EQS 450 4 MATIC has been selected as the official diplomatic car for the Embassy of Germany in the country. Ambassador Georg Schmidt underlined the German embassy’s commitment to continuously upgrading its mobility for sustainability in Korea. In this photo, Schmidt (left) and Mercedes-Benz Korea CEO Mathias Vait pose with the newly appointed EV. (Mercedes-Benz Korea)
Oct. 14, 2024
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Renault, KG Mobility gain ground in midsize SUV market
Renault Korea and KG Mobility, the two underdogs in Korea where Hyundai and Kia cars dominate almost 90 percent of the market, are starting to edge in with their latest midsize sport utility vehicles. As consumer interest in smaller city cars declines, midsize SUVs are gaining popularity here, driven by increasing demand for larger, family-friendly vehicles and automakers’ focus on more profitable segments. According to September data from the Korea Automobile & Mobility Association, K
Oct. 14, 2024
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[Photo News] Hyundai helps disabled
Hyundai Motor has donated two vehicles and 315 car seats for children to Hanlove, a welfare center for disabled people in Gwangju, Gyeonggi Province, to improve disabled children’s right to free mobility. According to the automaker, two Staria minivans -- one that has been redesigned to ease the on-boarding of wheelchairs with a simple mechanism and the other tailored to fit the physicals of children better than the original model -- were delivered to the welfare center on Friday. (Hyundai
Oct. 14, 2024
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Chung marks 4 years at helm of Hyundai Motor
Hyundai Motor Group is celebrating four years of Chung Euisun’s leadership as executive chair on Monday. During this period, the automaker has experienced rapid growth, expanded into new markets and positioned itself as a major player in electric vehicles and future technologies. But new challenges lie ahead, particularly in software, robotics and urban air mobility. When Chung officially took over in 2020, Hyundai and its sister brand, Kia, were solid players but not exactly leaders in th
Oct. 13, 2024
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Posco Future M's NCA cathode plant in Pohang goes online
Posco Future M has started operations at its new plant in Pohang, North Gyeongsang Province, dedicated to producing nickel-cobalt-aluminum cathode materials for electric vehicle batteries. The plant, which shipped its first batch over the weekend, will help meet the growing demand for high-performance EV battery components. NCA cathode materials, with 88 percent nickel content, are key for making EV batteries more efficient. In January 2023, Posco Future M secured a 40 trillion won ($29.6 bill
Oct. 13, 2024
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Aston Martin seeks bigger footing in Korean luxury car market
INCHEON -- Aston Martin, the ultraluxury British sports car brand known for its affinity with the James Bond franchise, plans to expand its presence in South Korea's booming high-end car market with a more proactive approach to marketing. “This year marks the 111th anniversary of Aston Martin, but we are also celebrating another important milestone -- 10 years since our entry into Korea,” said Marco Mattiacci, chief brand officer and commercial officer of Aston Martin, during a
Oct. 11, 2024
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Hyundai India to launch record $3.3 billion IPO on Oct. 22
Hyundai Motor India is about to make history with a massive $3.3 billion initial public offering set for Oct. 22. This will be the largest IPO in Indian stock market history, and Hyundai plans to use the funds to ramp up production in the country and accelerate its push into the electric vehicle market. India’s stock market regulator, the Securities and Exchange Board of India, gave the green light for Hyundai’s offering Wednesday. The company will sell 17.5 percent of its Indian sub
Oct. 10, 2024
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[Photo News] Marking 100m vehicles
To celebrate producing 100 million vehicles, Hyundai Motor Company is hosting the “One Step Further” exhibition at Hyundai Motorstudio Seoul from Oct. 10 to Nov. 10. Spanning five floors, the exhibit tells Hyundai’s story from its first-ever car, the Cortina Mark 2 (right), to its latest EVs and SUVs. Iconic models, including the Sonata and Elantra, are showcased as milestones of innovation. The exhibition caps off celebrations that began at Hyundai’s Ulsan plant last wee
Oct. 10, 2024
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Hyundai, Singapore bolster R&D ties in hydrogen, manufacturing
Hyundai Motor Group said Wednesday it will boost its partnership with Singapore, home to the carmaker’s highly automated production base and key research hub, focusing on areas ranging from advanced and sustainable energy to manufacturing solutions. The company signed a memorandum of understanding with Malaysia’s Nanyang Technological University earlier in the day during the Singapore-Korea Business Forum. The signing ceremony was attended by: Chang Jae-hoon, president and CEO of Hyu
Oct. 9, 2024