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Tue, July 14, 2020 | 21:42

Hyundai Motor, Naver to spearhead Korean New Deal

Hyundai Motor, Naver to spearhead Korean New Deal

Hyundai Motor Group and portal service firm Naver will play leading roles in President Moon Jae-in's Korean New Deal plan, as the government slates carbon neutral mobility and the digital economy as the two main pillars of the investment initiative.

Nam Hyun-woo | 2020-07-14 17:29

Moon introduces Korean version of 'New Deal'

[Reporter's notebook] A bad goodbye by Mercedes-Benz Korea chief

[Reporter's notebook] A bad goodbye by Mercedes-Benz Korea chief

Outgoing Mercedes-Benz Korea CEO Dimitris Psillakis is taking a long business trip, at a time when the brand is being investigated by the prosecution for allegedly manipulating emissions programs in diesel vehicles.

Nam Hyun-woo | 2020-07-13 17:24

Korea seeks new growth engine in hydrogen economy

Korea seeks new growth engine in hydrogen economy

The successful Nasdaq debut of hydrogen fuel-cell truck maker Nikola has shown the world that the “hydrogen economy” is now a matter of global interest, not just a regional promotion by Korea and Japan. This comes at an opportune moment for Korean companies that have been preparing their portfolios for the day when hydrogen would begin to play a significant role in energy sup...

Nam Hyun-woo | 2020-07-08 17:09

KDB chief criticizes SsangYong's restructuring plan

KDB chief criticizes SsangYong's restructuring plan

Korea Development Bank (KDB) Chairman Lee Dong-gull criticized SsangYong Motor's efforts to address its liquidity crunch, saying the carmaker should convince the market first before asking for government support.

Nam Hyun-woo | 2020-07-08 17:05

KDB under fire for 'irresponsible handling' of derivatives compensation

Hyundai meets with SK over battery partnership

Hyundai meets with SK over battery partnership

Hyundai Motor Group Executive Vice Chairman Chung Euisun has completed his “given mission” of expanding partnerships with local electric vehicle (EV) battery makers in preparation for establishing a stable supply chain ahead of a massive increase of EVs.

Baek Byung-yeul | 2020-07-07 16:45

Korea agrees to roll over loans to SsangYong

Korea agrees to roll over loans to SsangYong

The main creditor of the ailing SsangYong Motors agreed Monday to roll over 90 billion won, some $75 million, should the South Korean vehicle manufacturer repay its due this month.

Kim Yoo-chul | 2020-07-06 17:19

Hyundai exports hydrogen trucks to Switzerland

Hyundai exports hydrogen trucks to Switzerland

Hyundai Motor has successfully mass-produced what it claims are the world's first hydrogen electric trailer trucks and exported 10 to Switzerland.

Kim Hyun-bin | 2020-07-06 16:47

Hyundai, SK to further cooperate in EV battery sector

Hyundai, SK to further cooperate in EV battery sector

Hyundai Motor Group Executive Vice Chairman Chung Euisun will meet SK Group Chairman Chey Tae-won this week amid the carmaker scrambling to form a more stable supply chain for electric vehicle (EV) battery cells ahead of an expected EV boom, according to industry sources, Sunday.

Baek Byung-yeul | 2020-07-05 18:18

LG chief bets big on EV battery business

Tesla's Nasdaq milestone gives lessons to Korean carmakers

Tesla's Nasdaq milestone gives lessons to Korean carmakers

Tesla's overtaking of Toyota in market value is providing a bitter lesson for Korean carmakers that conventional engine vehicles no longer possess the hegemony of the car industry, thus they should double their efforts to develop and distribute attractive electric vehicles (EVs) to the market for their continued survival.

Nam Hyun-woo | 2020-07-03 17:27

Imported car sales jump 41% in June despite pandemic

Imported car sales jump 41% in June despite pandemic

Sales of imported vehicles in South Korea jumped 41 percent in June from a year earlier on tax cuts and new models, an industry association said Friday. The number of newly registered foreign vehicles rose to 27,350 units last month from 19,386 a year earlier, the Korea Automobile Importers Distributors Association (KAIDA) said in a statement. "A reduction in individual consu...

2020-07-03 12:00

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