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[HERALD INTERVIEW] Globalization, new economic drives keys to EXCO growth: CEO

Dec 26, 2016

Country’s first regional exhibition center gears up to attract bigger global events with space expansion
3 in 10 cars sold by Hyundai, Kia are RVs

Dec 25, 2016

More than three out of every 10 vehicles sold by Hyundai Motor Group this year in South Korea were recreational vehicles, auto sales figures showed Sunday. Hyundai Motor and Kia Motors sold 1.07 million cars here in the first 11 months of the year, among which 343,273 units, or 32 percent of total sales, were RVs. In 2011, less than 20 percent of vehicles sold by the two automakers were RVs. In...
Dairy Queen to open 50 hamburger restaurants in S. Korea

Dec 22, 2016

The US fast food chain Dairy Queen has signed on to expand into South Korea, industry officials said Thursday. M2G USA Investment said it has signed an agreement with International Dairy Queen Inc., which owns the franchise, to open 50 DQ Grill & Chill stores here over the next five years. International Dairy Queen is a subsidiary of Berkshire Hathaway led by famous investor Warren Buffet. Dair...
Hyundai, Kia to go full force on SUVs and NEVs next year

Dec 20, 2016

Hyundai Motor Group wrapped up its year-end strategy meeting on Tuesday, with plans to expand its SUV and new energy vehicle lines next year. The group, the owner of South Korea’s two biggest carmakers Hyundai Motor Co. and Kia Motors Corp., will introduce more sport utility vehicles tailored to local markets and new energy vehicle lines to spur growth in 2017, the company said. Both carmakers ...
Design initiatives of Hyundai, Kia receive favorable market feedback

Dec 19, 2016

Last week, Hyundai Motor and its affiliate Kia Motors won a total of four design awards at the Good Design Awards in the US. Hyundai Ioniq, the Kia K7 -- also known as the Kia Cadenza overseas -- the Kia Telluride and Genesis’ concept car “Vision G” were among 13 vehicles awarded in the transportation category at the oldest and the most prestigious architecture and design awards. Chung Mong-koo...
[ADVERTORIAL] Hyundai Card spurs ‘Digital Initiative’

Dec 18, 2016

Hyundai Card Corp. has rolled out diverse products and services to reinvigorate itself into a digital-based company under the “Digital Hyundai Card Initiative” announced in 2015. The measures have included the launches of a string of products and systems to provide digital solutions needed for consumer finances. In recognition of such efforts, the company was given an award by the Ministry of S...
Kia’s Niro sets Guinness World Record for fuel economy

Dec 16, 2016

Kia Motors’ hybrid crossover utility vehicle Niro has been recognized by the Guinness World Records for the lowest fuel consumption, the company said Friday. The 2017 Niro EX traveled 5,977.9 kilometers from Los Angeles to New York City between Dec. 4 and 11, using a total of 183.6 liters of gas. This marks a record of 3.7 liters per 100 kilometers, for the lowest fuel consumption drive across t...
Hyundai to show self-driving technology at CES

Dec 15, 2016

South Korea’s leading automaker Hyundai Motor Co. is planning to show off its self-driving technology at the largest consumer electronics show in Las Vegas next month, the company said Thursday. Two models of Hyundai’s Ioniq hatchbacks -- one electric and one hybrid -- will hit the road without a driver during the annual Consumer Electronics Show, which will be held from Jan. 5-8. Hyundai unvei...
Auto exports to Algeria surge

Dec 14, 2016

South Korea’s auto exports to Algeria soared in October as Hyundai Motor assembly plants have begun operations there, a trade agency said Wednesday. Exports of passenger cars to the North African country jumped 51.5 percent in the first 10 months of this year to $92.56 million due to high growth in October, according to the Korea Trade-Investment Promotion Agency. Shipments of commercial vehicl...
[From the Scene] BYD benefits from China’s EV push

Dec 13, 2016

The Korea Herald is publishing a series of articles on moves made by the companies and governments of South Korea, China and Japan in entering the new Industry 4.0 era. This is the third installment. -- Ed. Shenzhen, CHINA -- Displayed in front of the main building of the BYD Auto headquarters in Shenzhen, China, are the company’s signature lineups: the Tang SUV, Qin compact sedan, compact cross...
Samsung in dilemma over CEO shakeup amid scandal

Dec 13, 2016

Samsung Group appears to be in a quandary over when to conduct a leadership shakeup amid a nation-rocking political scandal, which has also forced the country's top conglomerate to delay a couple of year-end events, sources said Tuesday. Samsung has indefinitely postponed its annual management reshuffle, which used to take place in the first week of December, due to a parliamentary investigation...
Hanwha hosts offshore wind power conference

Dec 8, 2016

Hanwha Engineering & Construction Corp. held the 2016 Offshore Wind Conference in Seoul on Wednesday in a bid to boost cooperation for the Sinan power plant project. During the conference, 150 experts from domestic and foreign companies, including Doosan Heavy Industries and Construction and FUGRO, gathered to discuss business and technological issues concerning offshore wind power. “The intere...
Mercedes-Benz becomes first foreign brand to sell over 50,000

Dec 7, 2016

Premium carmaker Mercedes-Benz became the first foreign carmaker to sell more than 50,000 cars within a year in South Korea, industry data showed on Wednesday. The Korean unit of German carmaker Mercedes-Benz sold 50,718 cars in the first 11 months this year, increasing more than 20 percent from a year ago, according to data from Korea Automobile Importers and Distribution Association. Boosted ...
[FROM THE SCENE] DJI eyes rapid growth with drones, robots

Dec 6, 2016

The Korea Herald is publishing a series of articles on the moves made by the companies and governments of South Korea, China and Japan in entering the new industry 4.0 era. This is the second installment. -- Ed. Wang Fan emphasized that the fact the company was based in Shenzhen played a significant role. So significant that “if DJI were founded somewhere else, it would have been impossible for ...
Lotte targeted by China’s probe: reports

Dec 5, 2016

A large-scale investigation against Lotte Group’s businesses in China is increasingly seen here as a retaliation against the company’s decision to provide its golf club as a site to deploy the controversial US advanced missile defense system. Local media reported on Monday that Lotte appeared to be the sole foreign company under investigation in China, citing an anonymous industry source. “There...

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Date of registration : 2015.04.28
Publisher. Editor : Jeon Chang-hyeop
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