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German luxury carmaker BMW said on May 28 it will release its new 7 Series globally in the first half of this year. Some partial moderations have been made to the new model. Its design emphasizes lu...
SK Innovation said on May 27 it will expand its electric vehicle battery production capacity 20 times more than the current level by 2025 to meet growing demand and expand its presence in the promisi...
Toyota Motor on May 21 launched the all-new RAV4 SUV in South Korea to meet growing demand for the vehicle type. The Japanese carmaker came up with the fifth-generation RAV4, the first fully chan...
Korea’s second-largest automaker Kia Motors has established a service center dedicated to electric vehicles for the first time in the country, the firm said on May 19. The automaker has set up an ...
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...
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Authorities to expand local companies’ access to financial database
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Watchdog urges full compensation for damages from ponzi-involved Lime fund
July 16, 2020
