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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. ...
Hyundai Motor and imported carmakers will voluntarily recall over 62,000 vehicles to repair faulty components, the government here said on April 11. This is the latest in a series of recall plans fo...
Kia Motors’ labor union has called for halting the US production of its brand new Telluride three-row sport utility vehicle as weak vehicle sales can jeopardize jobs in South Korea, industry sources ...
Hyundai Motor and its sister company Kia Motors saw record-high first-quarter SUV sales in the US, where sport utility vehicles and pickup trucks are dominant, industry data showed on April 7. Ki...
BMW Group Korea said on April 4 it has recalled 94 percent of its vehicles that use faulty parts in the wake of dozens of engine fires last year. The carmaker said it has has fixed the faulty exh...
Imported vehicle sales in South Korea fell 32 percent in March from a year earlier due mainly to a lack of products, industry data showed on April 3. The number of newly registered foreign vehicl...
The ratio of sedans in South Korea’s domestic vehicle sales fell to below 50 percent for the first time last month due to higher demand for sport utility vehicles, industry data showed on April 3. ...
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July 16, 2020
