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Mon, April 19, 2021 | 14:28
Hyundai Motor Group unveils EVs at Shanghai Motor Show
Hyundai Motor Group unveils EVs at Shanghai Motor Show
South Korean auto giant Hyundai Motor Group on Monday introduced its electric vehicles (EVs) across Hyundai Motor, Kia and Genesis brands at the Shanghai Motor Show to target the fast-growing EV market. The world's No. 5 automotive group by sales showcased three electric models at the Shanghai International Automobile Industry Exhibition, the first among the world's largest a...
2021-04-19 14:15
Chip constraints create domino effect in Korea's auto industry
Chip constraints create domino effect in Korea's auto industry
The global chip shortage has impacted major automakers worldwide and Korea is also seeing a domino-like effect with consecutive shutdowns of plants at major local powerhouses such as Hyundai, Kia and GM Korea. The shutdowns have impacted best-selling lineups - Hyundai will halt production of its Grandeur and Sonata sedans, Monday, as will GM Korea with its Chevy Trailblazer. ...
Kim Hyun-bin | 2021-04-18 16:37
  • Amid chip shortage, businesses seek pardon for Samsung chief
What options are left for SsangYong Motor under court receivership?
What options are left for SsangYong Motor under court receivership?
After SsangYong Motor was forced back into court receivership Thursday, market observers are watching whether the debt-ridden automaker will end up being liquidated or somehow manage to survive again by coming up with a drastic restructuring plan. The SUV maker said it will map out a revival plan, but industry analysts said Friday that chances are slim for the cash-strapped c...
Baek Byung-yeul | 2021-04-17 09:40
Korea to boost spending on R&D for next-generation cars
Korea to boost spending on R&D for next-generation cars
Korea said Friday it plans to increase investment in research & development (R&D) on key technologies for next-generation vehicles in a bid to help local automakers take the lead in the market. Finance Minister Hong Nam-ki said the government will spend 367.9 billion won ($328 million) in supporting R&D on next-generation autos this year, up 37 percent from the previous year.
2021-04-16 17:44
SK Innovation joins hands with Hyundai Motor to develop batteries
SK Innovation joins hands with Hyundai Motor to develop batteries
SK Innovation and Hyundai Motor Group are strengthening their partnership with the two agreeing Friday to jointly develop hybrid electric vehicle (HEV) batteries.
Baek Byung-yeul | 2021-04-16 15:14
Tesla's sales nearly quadruple in Korea last year
Tesla's sales nearly quadruple in Korea last year
U.S. electric vehicle maker Tesla Inc.'s sales in South Korea nearly quadrupled last year from a year earlier on rising popularity of its vehicles, its financial statement showed Thursday. Tesla Korea said in a regulatory filing that it logged 716.2 billion won (US$640 million) in sales in the Korean market in 2020, up 295 percent from a year earlier.
2021-04-15 13:32
SsangYong Motor again under court receivership
SsangYong Motor again under court receivership
Financially ill SsangYong Motor Co. was again put under court receivership Thursday as its Indian parent Mahindra Mahindra Ltd. has failed to attract an investor amid the prolonged COVID-19 pandemic. The Seoul Bankruptcy Court approved the debt-rescheduling process for SsangYong Motor as U.S. vehicle importer HAAH Automotive Holdings Inc. didn't submit a letter of intent (LOI...
2021-04-15 10:23
LG-GM joint venture to build second U.S. battery plant in Tennessee
LG-GM joint venture to build second U.S. battery plant in Tennessee
A joint venture between South Korean battery maker LG Energy Solution Ltd. and U.S. automaker General Motors Corp. will build its second battery factory in Tennessee to step up production, industry sources said Thursday. Ultium Cells, a joint venture between LG and GM, has picked a site in Tennessee for their second electric vehicle (EV) battery plant, which will be similar i...
2021-04-15 09:59
  • GM Korea to halt 2 plants over chip shortage next week
GM Korea to halt 2 plants over chip shortage next week
GM Korea to halt 2 plants over chip shortage next week
GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will suspend two of its three plants next week due to a lack of semiconductors parts. GM Korea will halt the No. 1 and No. 2 plants in Incheon, 40 kilometers west of Seoul, from April 19-23 as the semiconductor supply continues to remain fluid globally, the company said in a statement.
2021-04-15 09:59
  • LG-GM joint venture to build second U.S. battery plant in Tennessee
Kumho Tire receives 2021 German Red Dot Design Award
Kumho Tire receives 2021 German Red Dot Design Award
Kumho Tire has received Germany's Red Dot Design Award 2021 for its Ecsta V730 tire in the product design category. The Red Dot Design Award is a German international design prize awarded by Red Dot GmbH.
Kim Hyun-bin | 2021-04-14 15:24
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WooriBank samsunglife
Top 10 Stories
  • History of oranges in Korea may be bit too tangy for locals
  • Seoul City suffers e-scooter parking problem
  • Con man gets 18 months in prison for romance scam
  • Chip constraints create domino effect in Korea's auto industry
  • Korea's Fukushima water protest finds no US support
  • Legal loophole allows sex doll shops to open around schools
  • A home of one's own
  • The end of capitalism?
  • Ruling or fleeing North Korea's hell
  • New virus cases in 600s for 4th day as sporadic infections continue
DARKROOM
  • Ending 'Endless War'

    Ending 'Endless War'

  • Locust outbreak

    Locust outbreak

  • Death toll rises as protests continue in Myanmar

    Death toll rises as protests continue in Myanmar

  • Say 'NO' to racism (Part 2)

    Say 'NO' to racism (Part 2)

  • Say 'NO' to racism (Part 1)

    Say 'NO' to racism (Part 1)

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