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The first thing that stood out once The Korea Herald got behind the wheel was how quiet and smooth the driving felt at a low speed as it only used the power from its battery systems. The Staria hybrid's 1.6-liter turbo engine boasts up to 245 horsepower. The minivan’s acceleration and braking was...
Hyundai Motor Group said Friday that it had joined hands with the Korean government’s preparatory committee to provide official transportation at the first Korea-Africa summit in June. Under the partnership, the automaker’s luxury brand Genesis will offer a total of 119 vehicles -- 77 units of t...
The National Pension Fund (NPF) has decided to vote in favor of a nomination for chief executive of South Korea's dominant cigarette maker, KT&G, at an upcoming shareholder meeting, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's first leadership change in n...
Hyundai Motor Group said Friday it will provide the luxury Genesis brand's G90 and G80 sedans during the South Korea-Africa Summit due in Seoul in June. The South Korean carmaker will sponsor the first Korea-Africa summit scheduled on June 4-5 by offering 77 G90 flagship sedans and 42 G80s as offi...
Chang added that the group will continue to take initiatives in green transformation and hydrogen business. Born in 1955, Chang studied shipbuilding engineering at Seoul National University and received a doctorate from the Massachusetts Institute of Technology. In 1988, Chang joined Posco Group ...
Chinese e-commerce giant AliExpress has chosen to solicit open competitive bids in Korea instead of extending its delivery contract with CJ Logistics, set to expire in April. According to industry sources Thursday, AliExpress recently submitted bid proposals to major logistics firms here to handle...
HD Hyundai commemorated the 23rd anniversary of the passing of its founder, Chung Ju-yung, with a dedicated memorial event held Thursday that paid homage to his enduring legacy. The tribute took place at the HD Hyundai Global Research and Development Center in Seongnam, Gyeonggi Province, and was ...
Mercedes-Benz was dethroned by BMW as the top auto importer in South Korea last year for the first time since 2015. Despite the quantitative loss, Mercedes-Benz Korea CEO Mathias Vaitl says the focus is to offer a great brand experience for the customers. “Our strategy is not to be No. 1 here in ...
South Korean petrochemical firm Hanwha Solutions said Thursday it has developed a proprietary ultra-high voltage cable material to meet the surging global demand for advanced power grid infrastructure. Petrochemicals, derived from petroleum or natural gas, form the basis for advanced polymers used...
Galleria Department Store, one of the nation’s leading luxury goods retailers, said Thursday that its sales to customers of foreign nationality soared to all-time highs in the first two months of this year, surpassing pre-pandemic levels. Its luxury brand stores posted 10 billion won ($8.4 millio...
Hyundai Motor, South Korea's largest automaker, plans to strengthen the competitiveness of its electric vehicle (EV) business and actively pursue its software-defined vehicle (SDV) vision this year, its chief executive said Thursday. At an annual meeting of shareholders, Hyundai Motor CEO and Pres...
SK Group Chairman Chey Tae-won on Thursday was reelected as head of the Korea Chamber of Commerce and Industry (KCCI), a major South Korean business lobby, for a second term. The KCCI held an extraordinary general meeting in Seoul and unanimously reelected Chey as the chamber's chairperson. The t...
Emart24, a South Korean convenience store chain, said Thursday all three of its outlets in Singapore have been temporarily suspended for preparations to better serve customers in the Asian country. A statement released by Emart24 Singapore Pte. Ltd., Emart24's master franchisor partner firm, said ...
Chang In-hwa, a seasoned veteran in the steel industry, became the chairman and CEO of Posco Group, South Korea's fifth-largest conglomerate, officials said Thursday. In a shareholders' meeting, Posco Holdings, the steelmaking group's holding company, passed a resolution to appoint Chairman Chang ...
French cosmetics retailer Sephora, owned by LVMH Group, on Tuesday declared its withdrawal from the Korean market, following years of financial losses. "With heavy hearts, we have decided to cease operations in Korea. From May 6, we will gradually wind down our presence across online platforms, mo...
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