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Thu, April 26, 2018 | 20:46

Biz & Tech > Automotive >

Kumho Tire will be managed independently

Kumho Tire has been facilitating its normalization from financial difficulties, through pursuing three principles of independent management, sustaining brand value and stabilized supply.

Automotive | 2018-04-06 14:54

Financial regulator denies concerns about Elliott

Elliott's announcement on Hyundai Motor Group's governance reform differs from the U.S.-based firm's previous interference in a merger of Samsung C&T with Cheil Industries, the chief of the nation's financial regulator said Thursday.

Automotive | 2018-04-05 16:40

Elliott demands Hyundai Motor do more for shareholders

Elliott's recent announcement on Hyundai Motor Group's governance reform plan is not seen as a provocation, because it differs from the U.S.-based firm's previous interference in the merger of Samsung C&T with Cheil Industries, analysts said Wednesday.

Automotive | 2018-04-04 15:41

MINI bolsters online marketing

BMW's iconic small car MINI is pioneering in the online sales market. The British automotive marque has led its experimental online sales to success through collaborative projects with young creators in Korea. All 100 cars of the company's latest Retro Blue edition were exclusively sold online late last month, selling out within a week. This follows the carmaker's first onlin...

Automotive | 2018-04-03 16:51

Kumho Tire union agrees on Doublestar sale

The union of financially-troubled Kumho Tire voted Sunday to accept its creditors' plan to sell the tire maker to China's Doublestar. In a vote held among 2,741 union members, 1,660 or 60.6 percent okayed the sale, which union leaders, management and creditors had agreed to in principal a day earlier.

Automotive | 2018-04-01 17:29

Kumho Tire union votes to accept sale plan to China's Doublestar

On Saturday, the company and its union tentatively agreed to the creditors' plan to sell the country's second-largest tiremaker by sales to Doublestar, which vows to make investments in Kumho Tire and guarantee job security for the existing 5,000 employees, including about 2,000 office workers, for three years after acquisition.

Automotive | 2018-04-01 13:48

'Militant union jeopardizes GM Korea's future'

The management and union of GM Korea have failed to reach an agreement on reducing the carmaker's production costs. The ailing carmaker's Detroit headquarters and the state-run Korean Development Bank (KDB) have long stressed that a union-management settlement is a precondition to salvage GM Korea. CEO Kaher Kazem said earlier in an email to company workers that the carmaker'...

Automotive | 2018-03-31 12:49

Kumho Tire union agrees to Doublestar takeover

The Kumho Tire union agreed late Friday on the planned sale of the tiremaker to China's Doublestar, after the government and creditors' of the debt-ridden company urged it to accept the acquisition offer.

Automotive | 2018-03-30 16:50

KEPCO unveils vehicle-grid integration system

The state-run electricity distributor announced, Thursday, it has developed a system to help charge electric vehicles (EVs) cost-efficiently and to return the excess electricity they generate to the power grid. The Korea Electric Power Corp. (KEPCO) held a technical exchange gathering at its research institute in Daejeon to unveil the vehicle-grid integration (VGI) system, based on international standards. The VGI system is a technology using electric cars for electricity storage much like an energy storage system (ESS), allowing EV owners to sell stored power to KEPCO.

Automotive | 2018-03-29 18:14

GM Korea workers pressed to make sacrifice

GM Korea has urged its union workers to conclude the wage negotiation with management, a precondition for salvaging the ailing carmaker, by the end of March. GM Korea CEO Kaher Kazem said in his email to the company workers that the carmaker's Detroit headquarters either won't make an additional investment or allocate a new car model if labor and management fail to reach an a...

Automotive | 2018-03-29 17:47

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Missile attack on Syria