Starting with the Wrangler 4xe, Jeep will bring at least one electrified vehicle annually in South Korea from this year onward, the brand’s chief executive officer said, expressing determination to meet their goal for a carbon-free future. Holding a media roundtable Wednesday, Christian Meunier touted the auto company’s record sales in four countries -- South Korea, Japan, Australia and India -- and said it plans to introduce more electrified vehicles into the markets. The press e

Asiana Airlines shares resumed trading on Friday, nearly two months after the airline and its affiliates’ shares were suspended following criminal charges surrounding former management in late May. The airline’s stock price briefly soared to 21,450 won during Friday trading before dropping to 18,600 won later in the day. The Korea Exchange’s decision to temporarily suspend the airline’s stocks came after the arrest of former Kumho Asiana Group Chairman Park Sam-koo on s

Budget carrier Air Premia Co. has obtained government approval for its operations amid the extended COVID-19 pandemic, the transport ministry said Friday. The ministry issued an air operator certificate (AOC) to Air Premia to allow it to use aircraft for commercial purposes. "Air Premia needs to report its routes to the aviation authority before it begins flight services," a ministry official said. Air Premia plans to start services on mid-and long-haul routes initially with a 309

Multinational carmaker Stellantis Group said Friday it will bring six electrified models to South Korea by 2026 as it aims to get a share of the emerging local EV market.   Stellantis is a 50:50 joint venture recently set up through the merger of U.S. carmaker Fiat Chrysler Automobiles N.V. and French automaker PSA Groupe.  This year, Stellantis plans to introduce the Wrangler 4xe plug-in hybrid electric vehicle in the Korean market and five other electrified models in the nex

South Korea's exports of automobiles advanced 28 percent in the first half of 2021 on the back of the global economic recovery and rising demand for premium models, data showed Thursday. Outbound shipments of automobiles reached 1,049,658 units in the January-June period, rising from 820,873 units tallied a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. In terms of value, exports also shot up 50 percent to hit $23.6 billion. It marked the first tim

Hyundai Motor unveiled its high-performance Avante N on Wednesday, expanding its N product lineup to present how the motorsports experience can be enjoyed in daily driving. The Avante N has been redesigned from the entry-level sedan Avante, released in April 2020, to a sports car that can be used in daily commutes and travels. Introduced under the name Elantra N for the global market, the new vehicle made its debut on the global stage in a YouTube video uploaded Wednesday morning, showing of

Hyundai Motor Co., South Korea's biggest carmaker by sales, said Tuesday it will resume operations of its plant in Brazil this week following a 10-day suspension amid a global chip shortage. Early this month, Hyundai said it will halt the Piracicaba, Sao Paulo plant from July 5-14 due to lack of semiconductor parts.     "The plant will partially resume production on July 15 with one shift despite the parts shortage (after reducing output by one-third late last month).

Hyundai Motor Co. and its affiliate Kia Corp. are set to report a sharp rebound in operating profit for the second quarter on strong demand for their vehicles that offset output disruptions by semiconductor shortages, analysts said Tuesday. Hyundai and Kia, which together form the world's fifth-biggest carmaker by sales, are expected to have posted operating profits of 1.86 trillion won ($1.6 billion) and 1.34 trillion won, respectively, for the quarter ended June 30, according to a median for

South Korea has been known as a tough market to crack for global compact car brands. But that’s not the case for BMW Group’s Mini. Since its debut in Korea in 2005, the premium compact car brand under BMW has posted steady growth rates each year. In 2019, sales volume hit 10,000 units -- a major milestone for foreign car brands here. Last year, the figure grew more than 10 percent from the previous year. Its latest lineup -- the New Mini Family -- consists of three models, the

Airline to bleed billions to see through major acquisition deal over the next two years

South Korea’s largest airline accused of discriminating against foreign pilots for past 16 months

SsangYong Motor, a debt-ridden automaker, decided to sell the site of its plant in Pyeongtaek as part of self-rescue efforts, the local government said Saturday.    The company has been under court receivership since April, as its Indian parent, Mahindra & Mahindra, failed to secure a buyer for its 75 percent stake in the automaker.    The city government of Pyeongtaek, 70 kilometers south of Seoul, said it has signed a memorandum of understanding with the court-appoin

Genesis’ first EV variant based on premium sedan G80 launches at the price of 82.8 million won

Hyundai Motor will work with other firms to utilize its car-making expertise and technology for the development of a hydrogen fuel cell system for ships, the Korean automaker said Thursday. Hyundai Motor has signed a memorandum of understanding with Hyundai Global Service and the Korean Register of Shipping, a non-profit ship classification body, to jointly develop an FC system package for ships using the Polymer Electrolyte Membrane Fuel Cell that is used in cars. The partnership also aims

Genesis, the independent luxury brand of Hyundai Motor Co., said Wednesday it launched the electrified G80 midsize sedan in South Korea, debuting its first electric model. The luxury electric sedan looks similar to the G80, but an electric socket in the front grille gives it a distinct identity as an EV. The G80 EV packs an 87.2 kilowatt-hour battery and can travel up to 427 kilometers on a single charge, Genesis said. The sedan, only available with all-wheel drive, is capable of producing