The prolonged impact of the new coronavirus on the airline industry has derailed two major deals in the aviation sector here, triggering concerns of massive layoffs and the overhaul of the country's airline industry amid worsening business conditions. On Friday, Kumho Industrial Co., which owns Asiana Airlines Inc. notified HDC Hyundai Development Co. of the termination of the deal to sell the carrier to the local property developer, due to differences over acquisition terms. The deal's ruptur

Air Busan became the first Korean airline on Thursday to fly a no-destination flight with a select group of passengers. The short-haul flight, which took off around noon from Gimhae International Airport, located on the western end of Busan, traveled over multiple areas of the country including Pohang, Seoul, Gwangju and Jeju Island for nearly two hours before returning to Gimhae. Students from the Department of Airlines and Tourism at Uiduk University were among those on board the plane as pa

Hyundai Motor said Thursday that it will launch a global “Hydrogen to you” campaign starting in Europe to promote sustainable energy hydrogen with its fuel cell vehicle Nexo. The automaker said the campaign will promote its leadership in hydrogen fuel cell technology, sustainable future mobility and the establishment of hydrogen ecosystem via video and social media from this month until next August. The “Hydrogen to you” campaign is aimed at professionals in the aut

Han Sung Motor, an official dealer of Mercedes-Benz Korea, said Wednesday that it has completed work on a mural near its Seongnam exhibition hall. The automotive dealer said it had painted an old wall measuring about 50 meters wide and created the mural to improve the regional environment. The mural was painted under the voluntary initiative of Han Sung Motor’s Seongnam unit to re-create the alley as a street where people want to walk and a “street of youth,” according to

Korean Air Lines Co. said Wednesday it has begun to use two converted planes to transport cargo on routes to the United States in the latest move to offset a sharp decline in air travel demand amid the coronavirus pandemic. The biggest carrier in South Korea has recently converted two B777-300ER jets into cargo planes after obtaining approval from the transport ministry. "One of the two converted aircraft flew to the Rickenbacker International Airport in Ohio on Tuesday, and the other is

Korean Air announced Tuesday it will enforce stricter rules for passengers to wear masks on board planes as part of safety efforts to prevent COVID-19. Starting Sept. 8, the national flag carrier will not allow passengers to board if they refuse to wear a mask, in an effort to stop the spread of the virus, with the exception of toddlers younger than 24 months and those with health conditions. The move is part of the airline’s Care First program, which consists of prevention and disinfec

Hyundai Motor and Kia Motors will work together with SK Innovation to develop an electric vehicle battery ecosystem, the automaker said Tuesday. Hyundai said the companies will build a cooperation system involving various business areas related to the rental of electric vehicle batteries, battery management services, and the reuse and recycling of EV batteries. Both sides agreed that it is necessary to create high added value and strengthen the eco-friendliness of electric vehicle batteries t

Models introduce Rolls-Royce’s luxury sedan the new Ghost at the automaker’s Seoul boutique, Monday. The new Ghost adapts a version of the 6.75-liter twin-turbo V12 engine with a maximum power of 571 horsepower and a maximum torque of 86.7 kilogram-meters. The new vehicle can be ordered from Monday and will be delivered to customers sequentially from December this year. (Yonhap)

Fiat Chrysler Automobiles has unveiled a plug-in electric sports utility vehicle, the Wrangler 4xe, and a revamp of a classic SUV, the All-New Grand Wagoneer next year. The automaker on Friday livestreamed the showcase held in Detroit on YouTube, to reveal the two new models. Jeep Wrangler 4xe is equipped with two electric motors and a 400-volt lithium-ion battery that can move up to 40 kilometers solely on electric power, cutting down both engine noise and carbon emissions. The automaker

Mercedes-Benz Korea said Friday it appointed Thomas Klein, the current president and CEO of Mercedes-Benz Middle East, as the new president and CEO of Mercedes-Benz Korea, effective Jan. 1, 2021. Klein began his career with Daimler AG at the University of Cooperative Education program of the Mercedes-Benz plant in Germany in 1999. In 2014, Klein was appointed managing director of Mercedes-Benz passenger cars in South Africa, before he assumed responsibility for sales at Daimler AG in Germany

Hyundai Motor participated in the IFA 2020 exhibition in Berlin, Germany, for the first time, demonstrating its brand vision based on eco-friendly vehicle technology, the firm said Friday. The automaker, which is pushing to shift from a traditional car manufacturer to a smart mobility company, aims to strengthen its leadership in eco-friendly mobility technology in the European market. In Europe, demand for eco-friendly cars such as hydrogen and electric vehicles is rapidly increasing due to s

Porsche Korea officially launches Macan GTS to expand compact SUV lineup in Korea

Joining in on the boom for pickup truck models in Korea, Fiat Chrysler Automobiles has seen preorders for the latest All-New Jeep Gladiator sell out within two weeks, the automaker said Thursday. FCA Korea launched the All-New Jeep Gladiator, a versatile midsized pickup truck, on Aug. 17 in Korea with 300 units available to be preordered and delivered within this year. “The All-New Jeep Gladiator has proven its unrivaled presence winning many awards, and was chosen as the 2020 North Am

Sales of Japanese cars in South Korea increased for the first time since a nationwide boycott of Japanese products began here last year, data showed Thursday. According to the Korea Automobile Importers and Distributors Association, the number of Japanese automobiles newly registered in August was 1,413, up 1.1 percent from the same time last year, when it stood at 1,398. The increase comes 13 months after a trade conflict broke out between the two countries in July 2019 and triggered the b

Despite months of back-and-forth and attempts at breakthroughs, the acquisition talks between HDC Hyundai Development Company and Asiana Airline are likely to fall apart, according to reports Thursday. In an email Wednesday, the building company once again told Korea Development Bank, the airline’s creditor, to undertake a fresh round of due diligence for 12 weeks, local reports revealed. KDB and the airline’s owner Kumho Industrial have been adamant against another round of due dil