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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 ...
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 da...
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 sa...
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 regist...
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 compan...
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 ...
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...
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 mo...
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 ...
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 mont...
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 c...
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 -- Hyund...
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 fi...
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 ...
Kia Motors CEO Park Han-woo was indicted without detention and referred for court trial on July 9 over allegations that the company used dispatch workers on assembly lines in violation of labor law. ...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 16, 2021
