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Chung Eui-sun, Hyundai Motor Group executive vice chairman, called for world leaders to take action for the hydrogen-focused energy transition during the Group of 20 meeting of environment and energy ministers on June 15. Chung, who co-chairs the Hydrogen Council, was invited to exchange views on...
Following the change in its name last month to Hankook Tire & Technology, the firm said Sunday it plans to lead the global original equipment tire market by beefing up its research and development on innovative technology. In May, the company was renamed from Hankook Tire as part of its holding ...
Hyundai Motor Group said on June 13 it has invested in US self-driving car startup Aurora Innovation to enhance its autonomous vehicle technologies. In the partnership, the South Korean auto group will jointly develop autonomous vehicle technologies in order to come up with an optimal self-driv...
Renault Samsung Motors on June 12 imposed a partial lockout at its main plant in Busan amid falling sales and snowballing output losses in the wake of its drawn-out dispute with the labor union. The automaker said it will suspend night shifts for an unspecified period as its utilization rate at...
SsangYong Motor on June 4 launched the upgraded Tivoli SUV in the domestic market as it seeks to further boost sales. The face-lifted Tivoli comes with a 1.5-liter gasoline turbo or a 1.6-liter diesel engine. The SUV is equipped with a six-speed automatic transmission, the company said in a sta...
Kia Motors on June 3 unveiled renderings of its face-lifted K7 sedan ahead of its domestic launch in the coming weeks. The upgraded K7 upper midsize sedan comes with a bolder tiger nose grille and a strong bumper incorporating large air intake vents and multibeam LED headlamps. It also has a bo...
Hyundai Motor and affiliate Kia Motors said on May 29 their sales in the United States improved in the first four months of the year, but their slump in China continued. In the January-April period, Hyundai and Kia sold a combined 396,793 vehicles in the US, up 3.7 percent from 382,470 units a ...
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 luxury, innovative features and is equipped with advanced technologies, including autonomous driving a...
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 promising market. CEO Kim Jun said the company aims to increase its production capacity from the curren...
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 changed model in six years, to gain a share of the expanding local SUV market. The company said it aims...
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 EV Workbay at six service centers nationwide, operated by Auto Q. It hopes to enhance the efficienc...
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 mobility solutions provider in the long term. Hyundai plans to deliver 5,000 units of the Sonata ...
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 carmakers here came to 371,930 units, up 5.0 percent from the same month last year, according to the d...
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 undermine the automaker. The labor union said its members will vote next week on whether to accep...
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. Lone Star filed the suit at the International Court of Arbitration under the International Chamber of C...
Apple to launch iPhone15 series in S. Korea on Oct. 13
Lotte opens major shopping complex in Vietnam
Lee Seung-min wins KB Women's Amateur Golf Championship
Mirae Asset continues to lead domestic equity ETF market
[From the Scene] HD Hyundai offers a glimpse of second-gen autonomous construction equipment
European automakers call for lower regulatory barriers for EVs
[Herald Interview] Next & Bio aims to build Asia’s largest library of organoids
SPC Samlip to showcase K-desserts at int'l food fair