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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....
SsangYong Motor said on April 29 its net loss narrowed in the first quarter from a year earlier on robust sales of sport utility vehicles. Net loss narrowed to 26 billion won ($22 million) in the...
Renault on April 29 temporarily halted operations at its only plant in South Korea amid a drawn-out dispute with its labor union over wages and working hours. Renault Samsung Motors, the Korean u...
Eight foreign carmakers and importers of foreign cars will voluntarily recall over 20,000 vehicles to repair faulty components, the Transport Ministry said on April 18. This is the latest in a se...
High-emission vehicles will be restricted from the center of Seoul beginning in July this year, as part of the municipal government’s new policy measures to reduce fine dust pollution in the capital,...
German luxury carmaker BMW hopes that its remodeled compact sedan, the all-new 3 Series, will help it recover from its sluggish sales in South Korea this year, company officials said on April 11. ...
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
