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Hyundai Motor said on May 16 it will supply 5,000 vehicles to Middle Eastern ride-hailing firm Careem Networks by December. The move is part of Hyundai’s drive to transform itself into a smart mo...
South Korea’s overall auto output increased from a year earlier last month, helped by an increase in both exports and local sales, data showed on May 16. In April, the combined output of five car...
Renault Samsung Motors and its labor union said on May 16 they have reached a tentative agreement over wages and working conditions, possibly ending their drawn-out labor dispute that was feared to u...
Hana Financial Group said on May 15 it has won an international arbitration suit against U.S. buyout group Lone Star over its purchase of KEB Hana Bank, formerly known as Korea Exchange Bank. Lon...
SK Innovation said on May 15 it will invest 580 billion won ($487 million) to build an electric vehicle battery plant in China. In a regulatory filing, SK Innovation, a latecomer to the EV batter...
Hyundai Motor and its affiliate Kia Motors said on May 14 they will jointly invest 80 million euros ($90 million) in Croatia’s electric carmaker Rimac Automobili. Hyundai Motor Group Executive Vi...
Daimler Trucks Korea and Volvo Trucks will voluntarily recall 259 vehicles to repair faulty components, the Transport Ministry said on May 9. This is the latest in a series of recall plans for lo...
Hankook Tire Group, South Korea’s biggest tire manufacturer by sales, said on May 8 it has changed the names of its affiliates to better reflect its efforts to transform itself into a technology-focu...
Kia Motors on May 8 launched the upgraded Stinger sports car with more safety features to boost sales in the domestic market. The 2020 Stinger comes with a 2.0-liter gasoline turbo engine, a 3.3-...
Imported vehicle sales in South Korea fell 30 percent in April from a year earlier due mainly to a supply shortage, industry data showed on May 7. The number of newly registered foreign vehicles ...
Renault Samsung Motors said on May 7 it plans to temporarily halt operations at its only plant later this month amid an extended dispute with its labor union over wages. The carmaker plans to sus...
South Korea's transport ministry on May 5 issued recall orders for 11,500 units of 58 different imported cars, including those from BMW, Volkswagen and Honda. The Ministry of Land, Infrastructure an...
Renault Samsung Motors said on May 2 its net profit plunged 27 percent in 2018 from a year earlier on weak sales. Net profit fell to 222 billion won ($191 million) last year from the previous yea...
GM Korea said on May 2 its net loss narrowed in 2018 from a year earlier on cost-cutting efforts. Net loss narrowed to 859 billion won ($738 million) for the whole of 2018 from 1.63 trillion won ...
South Korea’s antitrust regulator said on March 30 that it has fined Kumho Tire and Nexen Tire a combined 5.9 billion won ($5 million) for forcing their dealers to sell tires at above certain prices....
Samsung’s financial units brace for changes with new CEOs
S. Korea to launch financial data exchange platform in March
Student-led venture vibe livens up Seoul basement
S. Korea considering imposing 20% tax on cryptocurrencies
Alien Robot shows glimpse of future with robotic arm
Self-driving cars with lidar tech likely to hit Seoul roads soon
Samsung to acquire US network service provider
Goldman Sachs, SK to invest W50b in eco-friendly cold chain logistics center
January 23, 2020
