Stefan Krapp, head of Volkswagen Korea, poses with the automaker’s brand new logo and design unveiled on Wednesday.  According to VW Korea, the new logo indicates the company’s goal to become “New Volkswagen,” under its core brand values: human-focused and digital-centered.  Krapp said during the logo unveiling ceremony that the company will make VW become “a more friendly brand that anyone can have access to.”  The new logo will be applied

Korean Air, the main cash cow for the transport and logistics company Hanjin Group, has sold a housing complex it built for its employees on Jeju Island, industry sources said Wednesday. The move was seen as a way to secure capital amid a liquidity crisis stemming from the COVID-19 pandemic.  The airline reportedly clinched a contract worth 40 billion won ($32 million) for the complex, which comprises 22 two-story houses on 9,450.9 square meters in the Yeon-dong neighborhood. The buyer&rs

The five major Korean carmakers and auto parts makers on Tuesday asked the government for liquidity support for the automobile industry, which has been hit hard by low sales amid the COVID-19 pandemic, and measures to boost domestic demand. According to the Ministry of Trade, Industry and Energy, Minister Sung Yun-mo met with representatives of the country’s automakers, including Hyundai Motor Group President Gong Young-woon, Kia Motors President Song Ho-sung, SsangYong Motors President

Kia Motors said Monday that it has launched upgraded versions of its signature midsized sedans the K3 and K3 GT, targeting young drivers in their 20s and 30s. The automaker said the latest models offer features that customers in their 20s and 30s prefer, as well as competitive prices.  The 2021 K3 is available in three trims: standard, prestige and signature. A button-type smart key to start the car and artificial leather seats have been applied to all trims, the company said.  For

Petroleum and refinery firm S-Oil said Monday that it has delivered 100 million won ($82,000) to the Heart to Heart Orchestra, an orchestra founded in 2006 to nurture musicians with developmental disabilities.  The company said the donation would be used to provide musical education for teenagers with developmental disabilities from low-income families, as well as to raise awareness about disability rights among elementary, middle and high school students. The funds will also support the

As continued losses in the second quarter are expected for the aviation industry over COVID-19 pandemic, the South Korean government is expected to roll out an upgraded support measure for cash-strapped air carriers this week, according to the government sources on Sunday.  According to the government, the fifth round of emergency economic council meetings presided over by President Moon Jae-in is set to take place this week.  President Moon has been reiterating the need to support

South Korean air carriers have resumed their domestic operations for the spring travel season, according to industry sources Thursday.  While resumption of international flights is uncertain over prolonging concerns of the COVID-19 pandemic, local air carriers are planning to reopen flight services to popular tourism destinations across the nation, such as Jeju Island. According to budget airline Jeju Air, it has newly launched Gimpo-Yeosu and Yeosu-Jeju routes on Thursday. The routes wi

Korean Air has suspended its in-flight beverage service for passengers on domestic flights, according to industry sources Thursday.  Free beverages -- including water, soda, coffee and tea -- have been suspended as the Transport Ministry recently requested airlines to minimize the number of passengers taking off their face masks in flights, in order to minimize the risk of COVID-19 infection. Korean Air said it will not provide beverages on domestic routes. Another full-service carrier

Renault Samsung Motors and GM Korea have concluded wage deals with unionized workers -- a positive sign for the struggling automotive industry amid the COVID-19 outbreak -- but there are still hurdles, considering the ongoing global economic downturn and unstable management-labor union ties, industry sources said Wednesday.  According to Renault Samsung, 70.2 percent of the unionized workers voted to accept a wage freeze and cash bonuses of 8.88 million won ($7,320) per person for 2019. T

The dampened economic situation is forcing South Korea’s top automaker Hyundai Motor Group to shut down facilities globally following weakened exports and restrictive regulations in major markets, according to industry sources Tuesday.  The business disruption in the auto industry is also hitting tire manufacturers, with major Korean companies suspending overseas plant operations. Hyundai said Tuesday that it has decided to extend the shutdown of its manufacturing plant in Turkey t

Renault Samsung said Tuesday that it has added a connected function to customer membership mobile applications My Renault Samsung and My Renault to expand its “untact” service -- without face-to-face contact.  The apps allow customers to check information on the car, review membership benefits, reserve maintenance or after service online and conduct one-on-one chat on customer service.  The new connected functions enable remote control of the vehicle and search of c

Hyundai Motor’s luxury brand Genesis launched a revamped third-generation G80 on March 30, seven years after the previous version was launched in 2013.  After releasing G70 in 2017 and the brand’s first sport utility vehicle GV80 earlier this year, Genesis has been diversifying its vehicle lineup to attract a wider range of customers.  As the flagship model, the latest G80 represents and cements Genesis’ brand identity. The Korea Herald had an opportunity to test

Porsche Korea said Friday that it has donated 200 million won ($166,000) to ChildFund Korea with its four authorized dealer partners -- Stuttgart Sports Cars, Autostadt, Deutsch Auto Co. and Yongsan Sports Automobile -- for coronavirus relief efforts. The donation will be used under two categories “Porsche Do Dream Safe Kit” and “Porsche Do Dream Safe Fund.” Recipients will be children in low-income families and vulnerable groups who have been experiencing difficulties

Busan Mayor Oh Keo-don visited Renault Samsung’s Busan plant Friday to encourage workers amid the continued economic downturn caused by the COVID-19 outbreak. According to the automaker, Oh also met with Renault Samsung CEO Dominique Signora and the labor union, vowing to support them to overcome the current crisis. Renault Samsung said that he appreciated workers at the facility for working hard and focusing on manufacturing major vehicle lineups.  He also discussed with Signora

Kia Motors’ midsized, eight-seat sport utility vehicle the Telluride is the 2020 World Car of the Year. This is the first time the Korean auto brand has won the top award. The automaker also took home the World Urban Car award for its subcompact crossover the Soul EV, which beat the Volkswagen T-Cross and the Mini Cooper SE Electric.  The Toronto-based World Car Awards, launched in 2004, are one of three major global automotive award programs, the others being the North American Ca

Despite SsangYong Motor’s decision to go ahead with a self-rescue plan after its largest shareholder Mahindra & Mahindra scrapped the cash-strapped Korean unit last week, some experts say the South Korean automaker’s weak exports may have led to the latest crisis. On Friday, Indian auto empire Mahindra & Mahindra said it won’t invest 500 million won ($410 million) for a turnaround, as requested, considering the global economic downturn due to COVID-19.  The pare

Kia Motors’ mid-sized sports utility vehicle Sorento means a lot to the automaker, considering that its SUV lineup ranging from Niro to Mohave has begun to receive attention with popularity of Sorento. The first Sorento was launched in 2002, with the third generation of the car released in 2014. Six years later, an all-new Sorento was unveiled on March 17. The Korea Herald had the chance to test drive the fourth-generation Sorento on March 23 on a 25 kilometer route from Yeouido in Seou

South Korea’s used car market has doubled in size over the past decade, with about 3.7 million vehicles registered for transfer last year.  With tech advancements, cars can be analyzed and auctions are made online, inviting more customers to sell and purchase secondhand cars. As the market grew, so did the market for imported cars, which are much coveted in the second-hand market. According to the country’s largest second-hand car company SK Encar, about 26 percent of used c

Indian carmaker Mahindra & Mahindra has rejected a call for fresh funding for its cash-strapped Korean unit SsangYong Motor, leaving its future uncertain after 12 consecutive quarters of losses.  According to the board of directors of Mahindra, which has a 74.65 percent stake in Ssangyong, they held a special meeting in Mumbai on Friday and decided to reject SsangYong Motor’s request to invest 500 billion won ($404 million) over the next three years. Instead, it urged the Korean

Korean air carriers that have been hit hard by the COVID-19 pandemic are undergoing restructuring to downsize the workforce amid continued losses from reduced passengers and suspensions of international routes, according to industry sources on Thursday. Eastar Jet, a local budget carrier that halted all services from March 23 for a month, said Thursday it will send 45 percent, or 750 employees, of its total workforce home from April 24.  The air carrier said it will first receive applica