Most Popular
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Can Korea break away from apartment fixation?
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BTS members dominate charts, award shows despite military service
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Assembly clash looms as opposition pushes vote on W4tr budget cut
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Does cross atop Christmas tree at Seoul Plaza reflect religious bias?
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Chief auditor, prosecutors to face Assembly impeachment vote
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[Reporter’s Notebook] Inside Korea’s diplomatic failure at Japan’s memorial ceremony
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Who helped bring star-studded K-drama series 'The Trunk' to life?
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[AtoZ into Korean mind] ‘Tell me I fit in'
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Hyundai-Kia may face 19% profit loss from US tariffs: report
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'Chairman Bang took on risk himself and agreed to put-back option,’ Hybe says
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[KH Explains] Are underground parking bans for EVs fueled by fear or fact?
"No EVs permitted in underground parking areas." These signs have recently popped up at some apartment complexes and office buildings across South Korea, a response to a severe fire earlier this month. An electric vehicle ignited in the underground parking lot of an apartment building in Cheongna International City, Incheon, triggering widespread fear and leading some apartment managers to ban EVs from these spaces entirely. The fire began with a stationary, uncharging Mercedes-Benz EQ
Aug. 8, 2024
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Hyundai Casper Electric aims to prevent sudden acceleration
Hyundai Motor Company on Tuesday showcased an array of distinguished features of the automaker’s newest battery-electric vehicle the Casper Electric, including the automaker’s latest technology that can prevent sudden acceleration incidents. Named Pedal Misapplication Safety Assist, or PMSA, the new technology automatically controls the vehicle’s speed when the driver floors the acceleration pedal suddenly from a standstill if there is an obstacle within one meter away from eit
Aug. 7, 2024
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Volkswagen keen to revive Korean sales with new Touareg
Volkswagen Group Korea on Tuesday launched the new Touareg, the first release from the German automaker in the local market in about two years, as the German automaker looks to bolster its presence here. “The Touareg has established a unique position, offering exceptional product value at a reasonable price,” said Till Scheer, CEO of Volkswagen Group Korea, during the launch ceremony of the new sport utility vehicle at Grand Hyatt Seoul. “It is an unmatched powerful premium SUV
Aug. 6, 2024
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Hyundai Glovis, China's Huayou partner on battery recycling
Hyundai Glovis has partnered up with Chinese firm Huayou Cobalt to create an extensive recycling network for electric vehicle batteries, aiming to lead the way in sustainable battery management. Hyundai Glovis, a Korean logistics and distribution powerhouse, inked a memorandum of understanding with Zhejiang Huayou Recycling Technology, or Huayou Recycling, a subsidiary of cobalt giant Huayou Cobalt. Known for being the world's top producer of cobalt -- a crucial element for EV batteries --
Aug. 5, 2024
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US, allies discuss new restrictions on Chinese connected vehicles
As the US government intensifies efforts to regulate Chinese technology in connected vehicles over national security concerns, South Korea and other key allies are coordinating to balance these security goals with potential supply chain disruptions. The US State Department convened a meeting Wednesday with representatives from allied governments and industry leaders, including officials from South Korea, Australia, Canada, the European Union, Germany, India, Japan, Spain and the United Kingdom.
Aug. 2, 2024
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Samsung, LG's electric auto parts sales soar despite EV slump
The Korean automotive electric parts sector is thriving even as electric vehicle sales slow down, driving significant gains for Samsung Electronics and LG Electronics in the second quarter. Automotive electric parts encompass a range of components integral to modern vehicles, particularly electric and hybrid models. These include infotainment systems offering multimedia and connectivity features, digital cockpits replacing analog gauges with digital displays and premium car audio systems from
Aug. 1, 2024
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[KH Explains] Can Korea commercialize UAM in 2025?
Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sector. The Ministry of Land, Infrastructure and Transport has laid out the K-UAM roadmap with two-part demonstration projects of "Grand Challenges," or GC1 and GC2. The ministry explained that UAM, which mainly focuses on utilizing electric vertical take-off and landing, or eVTOL, aircraft to
Aug. 1, 2024
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Hyundai Motor signs mobility partnership with UN humanitarian agency
Hyundai Motor Company announced Wednesday that it signed a mobility sector partnership with the United Nations World Food Programme, the world's largest humanitarian organization dedicated to fighting hunger across the globe. The agreement ceremony took place at the Hyundai Motor Studio in Goyang, Gyeonggi Province, with Hyundai Motor Company CEO Chang Jae-hoon and WFP Executive Director Cindy McCain in attendance. Established to combat hunger in developing nations, the WFP aims to create a
July 31, 2024
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[Business Diplomacy] As Trump targets EVs, Hyundai-Kia shifts gears to hybrids
“I will end the electric vehicle mandate on day one.” With Donald Trump gaining traction as the Republican presidential candidate, this declaration at the Republican National Convention in Milwaukee on July 18 has sent ripples of concern through the South Korean automotive and battery industries. The potential implications of Trump’s return to the White House, coupled with his protectionist and anti-EV stance, have companies like Hyundai-Kia and major Korean battery makers brac
July 30, 2024
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Geely’s top brass visit SK to speed up EV partnership
SK Group and SK On are reportedly fast-tracking their collaboration with China’s Zhejiang Geely Holding Group, a leading multinational automotive conglomerate. Industry sources reported that executives from Geely Auto responsible for technology, research and development, and international cooperation, visited SK Building headquarters in Seoul on Monday. The delegation, which included the CEO of Zeekr, Geely Auto’s premium EV brand, met SK Group Executive Vice Chairman Chey Jae-won an
July 30, 2024
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Hyundai Motor accelerates air mobility business in Indonesia
Hyundai Motor and Kia demonstrated their advanced air mobility in Indonesia as they demonstrated a flying aircraft and hailing procedure at the Samarinda Airport in East Kalimantan on Monday. With officials from Indonesia’s Ministry of Transportation and Nusantara Capital City Authority in attendance for the presentation, the automakers explained how ride-pooling application Shucle and specialized aircraft can be developed to fit the circumstances of the local customers and advanced furthe
July 29, 2024
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Renault Grand Koleos caters to fuel-efficient family car market
Renault Korea’s latest mid-size hybrid SUV, the Renault Grand Koleos, is showing a promising start following its debut at the 2024 Busan Mobility Show last month, reporting over 10,000 contracts signed within the first month. According to Renault Korea, more than half of Grand Koleos buyers are in their 40s and 50s, a demographic seeking fuel-efficient family cars. This trend reflects a broader market shift in the Korean market, where hybrid vehicles have grown significantly. According to
July 29, 2024
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[Test Drive] Kia EV3 takes regenerative braking to next level
Kia is going all-out to turn around the slowing growth of electric vehicles with the launch of its latest all-electric vehicle EV3 as the Korean automaker has developed an affordable, all-around EV. The Korea Herald got to check out the Kia EV3 long-range model with 17-inch wheels for a test drive last week. The 201-kilometer course included city drive, highways and winding roads between Seoul and the eastern city of Sokcho in Gangwon Province. Categorized as a subcompact crossover sports utilit
July 28, 2024
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Kia posts record operating profit in Q2
Kia logged another record profit in the second quarter on Friday, driven by an enhanced product mix, higher average selling price and favorable exchange rates. During the April-June period, Kia achieved two new records -- 3.64 trillion won ($2.63 billion) in operating profit and a 13.2 percent operating profit margin -- in second-quarter earnings, continuing to break records for two straight quarters. The automaker’s quarterly operating profit increased by 7.1 percent in comparison to the
July 26, 2024
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Hybrid sales drive up Hyundai Motor's Q2 earnings
Hyundai Motor Company on Thursday reported a record-breaking quarterly revenue for the second quarter of this year, marking a 6.6 percent increase from last year to reach 45.02 trillion won ($32.6 billion). The company attributed the results to an improved sales mix driven by the rising popularity of hybrid vehicles, which accounted for a double-digit proportion of sales for the first time, along with favorable currency exchange rates. In the same April-June period, Hyundai's operating prof
July 25, 2024
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[Herald Interview] 'Lamborghinis will always have steering wheel'
Automakers around the world are racing to develop advanced technology in autonomous driving and battery-powered vehicles. But for Italian luxury supercar brand Lamborghini, those are not the main concerns. “Lamborghini will always have a steering wheel in the cars,” said Stephan Winkelmann, CEO of Automobili Lamborghini in a video interview with a group of Korean reporters after the opening ceremony of Lamborghini Bundang in Gyeonggi Province. “We might have assisted driving
July 25, 2024
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Genesis to sponsor New York's Met through new art initiatives
Hyundai Motor Group’s premium auto brand Genesis on Wednesday announced a five-year partnership with the Metropolitan Museum of Art in New York to provide various inspirational experiences for global audiences visiting the museum. The partnership marks the beginning of Genesis Art Initiatives, established to celebrate art as an authentic experience to discover truly meaningful and valuable aspects of life. Genesis will support the Met’s annual contemporary art commission series for t
July 24, 2024
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Hyundai to bring electric buses to Japan's UNESCO-designated island
Hyundai Motor Company is expanding its presence in Japan’s commercial vehicle market by supplying electric buses to the Iwasaki Group for use on Yakushima Island, a UNESCO World Natural Heritage Site. Last Thursday, Hyundai signed a letter of intent with Iwasaki Group, a transportation and tourism service provider in Kagoshima Prefecture, Japan, at the Imperial Hotel in Tokyo. The agreement sets the stage for Hyundai to supply its “Elec City Town” zero-emission electric buses t
July 23, 2024
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[Photo News] Hyundai EV charging alliance in Indonesia
Hyundai Motor Group made a new partnership with six Indonesian private charging operators last Friday at the Gaikindo Indonesia International Auto Show 2024. This alliance makes charging much easier for local Hyundai EV owners. With the “myHyundai” app, Hyundai drivers can now access charging stations from any alliance member without needing separate memberships or payment methods. This is the first roaming system of its kind in Indonesia. The alliance covers 696 charging stations at
July 23, 2024
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Hanwha-HD Hyundai rivalry shifts to US warship maintenance
The competition between Korean conglomerates Hanwha and HD Hyundai to expand their work with the US Navy has heated up as both secured key certification for maintenance and repair projects this month. Hanwha Ocean, which was known as Daewoo Shipbuilding and Marine Engineering before Hanwha Group’s acquisition last year, said Monday that it had signed a master ship repair agreement (MSRA) with the US Naval Supply Systems Command to secure the right to bid for maintenance, repair and operati
July 22, 2024