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The Korea Herald

Automobiles

August 19, 2019
Kia launches upgraded Sportage SUV

Kia Motors on Aug, 19 launched the upgraded Sportage sport utility vehicle in the domestic market as it strives to strengthen its SUV lineup. The facelifted Sportage comes with a 2.0-liter gasoline engine, 1.6-liter and 1.0-liter diesel engines, which satisfy Euro 6 standards, Kia said in a sta...
August 18, 2019
Han Sung Motor revenue triples under Ausprung leadership

As the longest-serving CEO in the local auto importer community, the German marketing expert has been lauded for service innovation, CSR In the trendy industry of luxury automobiles -- particularly in a country where the market is highly volatile, depending on social and even political factors -- ...
August 11, 2019
Sales of German cars rise amid boycott of Japanese products

Amid a nationwide boycott of Japanese goods, including fashion items, household products and cars, sales of Japanese vehicles waned last month, while sales increased for German carmakers, industry data showed Sunday. According to the Korea Automobile Importers and Distributors Association, Japane...
August 06, 2019
SsangYong Motor mulls belt-tightening measures amid slump

SsangYong Motor said on Aug. 6 it is considering some belt-tightening measures due to increased losses. In a letter sent to employees last week, SsangYong Motor President and CEO Yea Byung-tae said the company will begin discussing a set of cost-cutting measures, including reducing the number o...
August 05, 2019
Imported car sales dip 5.2% in July

Imported vehicle sales in South Korea fell 5.2 percent in July due to a slump in sales of Japanese vehicles amid trade tensions with Japan, industry data showed Aug. 5. The number of newly registered foreign vehicles stood at 19,453 last month, down from 20,518 a year earlier, according to the ...
August 01, 2019
Sales of domestic carmakers remain sluggish

Hyundai Motor said Aug. 1 its sales rose 1.6 percent last month from a year earlier on increased overseas sales. It sold 352,468 vehicles in July, up from 346,865 units a year earlier, the company said in a statement. Domestic sales fell 0.1 percent to 60,286 units last month from 60,367 a year...
August 01, 2019
Middle-aged Koreans overtake younger generation in car sales

South Koreans in their 40s who used to comprise the bulk of car buyers are no longer the largest consumer group, according to the latest data released Aug. 1. Now those in their 50s are the top car buyers, according to data from Korea Automobile Manufacturers Association. They bought 143,542 vehic...
July 23, 2019
Kia’s net profit jumps 52% in Q2

Kia Motors on July 23 said its second-quarter earnings jumped 52 percent on a weaker local currency. Net profit for the April-June period soared to 505 billion won ($430 million) from 332 billion won a year earlier, Kia said in a statement. “The won’s weakness against the US dollar was th...
July 22, 2019
Hyundai launches hybrid version of Sonata

Hyundai Motor on July 22 launched the gasoline hybrid version of its all-new Sonata sedan in the domestic market for customers wanting fuel efficient cars. The Sonata 2.0-liter gasoline hybrid model comes with a six-speed automatic transmission and a solar roof, and it boasts a fuel economy of ...
July 18, 2019
Four companies to recall over 10,000 vehicles

Hyundai Motor, BMW and two other companies will voluntarily recall over 10,000 vehicles due to faulty components, the Transport Ministry said on July 18. This is the latest in a series of recall plans by local and overseas carmakers and importers of foreign vehicles. The four companies, inc...
July 18, 2019
Kia launches entry SUV Seltos

Kia Motors on July 18 added the all-new sport utility vehicle Seltos to its lineup. The Seltos went on sale in South Korea before being shipped to India, China and other global markets. Last month, Kia unveiled the entry SUV model in India. “The Seltos is unrivaled in terms of design and p...
July 16, 2019
Eco-friendly car exports soar in past 7 years

South Korea’s shipments of eco-friendly vehicles jumped an average of 33 percent per year in the past seven years on growing overseas demand, an auto business lobby group said on July 16. Local carmakers exported 196,000 eco-friendly vehicles in 2018, surging from 35,000 units in 2012. Eco-fri...
July 14, 2019
Sales of RVs surpass 300,000 from Jan. to June

With the popularity of larger, spacious cars globally, South Korea saw sales of recreational vehicles hit 300,000 units in the first half of the year. According to five major carmakers here -- Hyundai Motor, Kia Motors, SsangYong Motors, Renault Samsung and General Motors -- a total of 303,315 RVs...
July 14, 2019
BMW 620d GT has comfort of 7 series, upgraded features from 5 series

BMW’s 620d Gran Tourismo, the German carmaker’s new entry-level diesel variant of the 6 series, was released in the Korean market in April. Since then, a total of 314 cars have been sold as of the first week of July. When the Korea Herald drove the 620d GT on the 40 kilometer route from Seoul St...
July 10, 2019
Hyundai hires ex-BMW designer as chief of design innovation group

Hyundai Motor on July 10 said it has appointed a former BMW designer as head of its design innovation group as it seeks solutions for future mobility technologies. The carmaker has appointed Suh Ju-ho, 48, as vice president and head of Hyundai Design Innovation Group, as it expects his experien...

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