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Mon, June 26, 2017 | 19:26

Biz & Tech > Automotive >

Gov't denies plan to raise diesel prices

The government denied reports Monday that it will raise diesel prices sharply. The denial, however, failed to suppress disputes. Local newspapers reported the state-run Korea Institute of Public Finance (KIPF) is set to publish a study calling for hikes in diesel prices as much as gasoline, saying the government would take the study into action.

Automotive | 2017-06-26 18:41

Hyundai cars catching on in emerging economies

Hyundai Motor is now focusing on its luxury and performance divisions, introducing the Genesis brand as part of the carmaker’s efforts to diversify its sales portfolio. But the nation’s top carmaker is also enjoying surging sales in emerging markets by reducing the size of its models.

Automotive | 2017-06-26 18:40

FTC punishes Japanese, German auto parts firms over price fixing

Japanese and German bearing manufacturers have faced fines totaling 2 billion won ($1.7 million) for collusion, the nation’s antitrust watchdog said Monday. In response to Korean auto-part makers’ attempts to cut costs by diversifying their suppliers, the global manufacturers have avoided competition by fixing their bearing prices through telephone calls and face-to-face meet...

Automotive | 2017-06-26 13:43

FTC chief mulls punishment on Google, Facebook

Hyundai Wia referred to prosecution for abusing subcontractors

The Fair Trade Commission (FTC) has fined Hyundai Wia, an auto parts maker affiliated with Hyundai Motor, for abusing its subcontractors. The company was also referred to the prosecution by the nation’s antitrust regulator for allegedly paying its subcontractors less than promised on subcontract bidding prices to maximize its profitability.

Automotive | 2017-06-25 18:46

Hyundai, public sector union members draw criticisms

Militant trade unions in Korea have been under fire for caring just about their own interests, regardless of their companies’ endangered management and marginalized irregular workers. The union members of Hyundai Motor Group, the public sector and construction companies appear to be desperate to seize hegemony, taking advantage of the new administration’s worker-friendly stan...

Automotive | 2017-06-23 17:51

Lotte, KB workers voluntarily relinquish wages

Cars without side-view mirrors to hit road soon

Tesla CEO Elon Musk unveiled the first teaser image of the new Model Y, which does not appear to have any side-view mirrors, at an annual shareholders meeting in California. Observers, then, expected the new electric SUV to include high-tech cameras instead. In addition to Tesla, such global carmakers as Nissan Motor and Volkswagen have recently showcased their concept cars a...

Automotive | 2017-06-23 10:41

Genesis tops premium vehicle quality ranking

Genesis, Hyundai Motor Group’s premium brand, topped a U.S. vehicle quality study among 13 luxury brands including Porsche, Mercedes-Benz, BMW and Lexus, Korea’s largest carmaker said Thursday. In the overall initial quality ranking, Kia Motors was first among 32 brands, including 13 premium cars, for the second consecutive year. Company officials expect the latest findings w...

Automotive | 2017-06-22 16:05

Maxima, Q50S Hybrid stand out in sports sedan segment

High-performance sports sedans have begun attracting a great deal of attention from Korean motorists since Kia Motors launched its highly anticipated Stinger model in May. The segment is widely expected to grow at a robust pace throughout the year, also benefiting other carmakers that have rolled out sporty, high-performing vehicles. Nissan Motor’s Maxima premium sports sedan...

Automotive | 2017-06-19 10:45

[AIIB] EQ900 and Grandeur IG sedan attract global motorists

Hyundai Motor will offer the Starex and Ioniq Electric to participants of the Asia Infrastructure Investment Bank meeting this week on Jeju. On top of the two models, the automaker is sure that other models will win the hearts and minds of participants.

Automotive | 2017-06-16 17:05

[AIIB] Moon vows increased contributions for AIIB

[AIIB] Hyundai offers Ioniq EV and Grand Starex minivan for AIIB

Hyundai Motor cars are popular across the world. People will see more Hyundai brand cars this week as the automaker sponsors the Asian Infrastructure Investment Bank (AIIB) meeting this week on the scenic resort island of Jeju.

Automotive | 2017-06-16 16:58

[AIIB] Moon vows increased contributions for AIIB

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Park's impeachment