Hanbul Motors Corp., the local importer of French automaker PSA Peugeot Citroen, on Monday introduced the latest version of Peugeot's Smart Urban Vehicle, the New 3008, that comes with an astonishing 21.2 km/l fuel efficiency.   The top-rated fuel efficiency is a 10 percent improvement from the previous version as the vehicle comes with a new HDi engine that took nearly four years and 1.5 billio

Korea’s two largest electronics makers are vying to get an upper hand in the fast growing market for smart home appliances.Samsung Electronics and LG Electronics recently rolled out refrigerators, washers and air conditioners featuring improved technology in artificial intelligence, wireless access and efficient electricity control.Samsung Electronics’ home appliances division head Hong Chang-wan

Humbled and attacked on all sides, Wal-Mart seeks comeback from missteps that hurt salesSADDLE BROOK, New Jersey (AP) ― The battle for shoppers is playing out in this New York suburb: Wal-Mart versus everyone else.Dollar stores beckon, their small size ideal for quick shopping. Target offers 5 percent off if you pay with its store-branded card. Costco tempts with high-end, brand-name food and desi

Samsung Electronics announced it released the Wave 2 smartphone, operating on its proprietary mobile operating system Bada, for the first time here on Sunday, while making moves to gain a bigger share in the mid-tier smartphone market.Serviced by SK Telecom, Wave 2 is equipped with a 3.7-inch super clear liquid-crystal display screen and a 5 million pixel camera and presents digital multimedia bro

Donna Karan, George Clooney and Greenday ― although they’re all big American stars, the three belong to distinctively different genres. But it turns out the trio have something else in common ― they are among the 660 world-famous celebrities who have donated smartphone and tablet PC cover designs to raise money for people living in underprivileged countries. Part of the proceeds from the covers ―

Ssangyong Motor Co. is offering a range of discounts on its vehicles until the end of the month.During the period, the company is providing a 2 million won ($1,790) discount for the luxury sedans Chairman W and Chairman H. For the Chairman H, the company is also offering a choice between a 2 million won DVD navigation system, 1.2 million won AM navigation system or an additional 700,000 won off. C

Hyundai Motor Co.’s Solaris subcompact received the top award for its segment in the Golden Klaxon Awards given by the Russian auto publication Klaxon, the carmaker announced Monday. Based on the Accent, the Solaris is Hyundai’s strategic model for the Russian market that includes Russia-specific features such as windshield and wiper anti-freeze and brake warning systems.  SolarisIn addition to th

GM Daewoo nears completion of overhaul, taking Chevrolet brandThe extensive overhaul of branding and sales network at GM Daewoo Auto and Technology Co. is nearing its final stages, with all related procedures due to be completed by the end of the first quarter.The Korean unit of General Motors announced last month that it will remove the badge of “Daewoo” from its company name and new domestic rel

Nippon Steel Corp. and Sumitomo Metal Industries Ltd.’s plan to create the world’s second-largest steelmaker is aimed at gaining leverage over raw-material purchases and metal pricing as costs soar. Shares in both companies surged the most in more than two years Friday. Based on Sumitomo’s market value and net debt, the deal would be worth more than 2 trillion yen ($24.5 billion), according to dat