HMM said Sunday its containership HMM Algeciras departed for Europe from Yantian, China, on Friday with a full load of containers. The world’s largest container vessel entered Busan’s new port in April 28 and departed two days later with 7,156 TEUs, or twenty-foot equivalent units. It later entered Yantian Thursday last week after passing through Ningbo and Shanghai in China, and headed to Europe on Friday with 19,621 TEUs, the largest shipment ever worldwide. Geneva-based ship

South Korean air carriers, hit by unprecedented reduction in passenger traffic and suspension of routes over COVID-19, are slowly resuming international operations, according to industry sources Friday. Korean Air plans to open 32 out of 110 international routes from June 1. It will also resume operation of flights to Washington, Seattle, Vancouver and Toronto in 50 days after the routes have been halted since March.  The number of routes to San Francisco, Chicago and Atlanta will be als

Hyundai Motor Group said Friday it has signed a memorandum of understanding with the National IT Industry Promotion Agency for strategic development and management for open source software.  Under the MOU, they will support each other to make use of open source softwares in the automotive manufacturing business to increase global competitiveness, as well as to establish a system for supply network of open source software, the carmaker said.  Open source software is based on publicly

After Mercedes-Benz Korea was slapped with the largest-ever fine of 77.6 billion won ($63.4 million) by the Environment Ministry for rigging emissions data on diesel cars, the market paid attention to whether it would alter the imported car market here. The ministry on Wednesday said some 4,400 diesel cars of 14 models sold by Mercedes-Benz Korea, Nissan Korea and Porsche Korea between 2012 and 2018 passed pollution standards by illicitly manipulating software to reduce the amount of nitrogen

Korean Air Lines Co., South Korea's biggest carrier by sales, said Thursday it will reopen dozens of its international routes next month amid signs the coronavirus epidemic may have passed its peak. Korean Air plans to resume flights on 19 international routes on June 1 as the country's top flag carrier strives to offset a sharp decline in passenger travel demand with an increased demand for cargo deliveries, the company said in a statement. The reopening routes include Washington, DC, Seattl

Hyundai Mobis, an auto parts making unit of Hyundai Motor Group, said Wednesday that it has developed the world’s first virtual engine sound system called Acoustic Vehicle Alert Sound with a vehicle’s grille cover.  The system was created by making use of the grille cover of the electric car, which has a completely blocked front grille unlike a combustion engine car that has an open-type grille in the front, as part of the speaker.  The sound system makes a beeping sound

Hyundai Motor Group said Wednesday that it has launched the latest version of its sport utility vehicle Palisade incorporating the highest-level trim, following consumer demand. The automaker has added the highest grade trim of 2020 Palisade called Calligraphy, a concept which was first introduced to the new Grandeur launched last year.  The all-new Palisade has applied a special radiator and intake grille, wheel designs, a skid plate and a body color cladding, the company said.  T

The operator of the ride-hailing service Tada has filed a constitutional appeal against a revised passenger transport service act, company officials said Tuesday, accusing the amendment of infringing on the freedom of corporate activities and other basic rights. The Value Creators & Company (VCNC) submitted the petition to the Constitutional Court on Friday, about two months after the National Assembly passed the revision that effectively bans the ride-hailing service. The act allows the

Transport Ministry launches team dedicated to ICAO strategies

Tourism, auto sectors anticipate harsher impact in Q2

GM Korea said Monday that its small sport utility vehicle Trax ranked No. 1 in the United States in the category for small SUVs in the first quarter. According to the automaker, an accumulated 28,242 units of Chevrolet Trax have been sold in the US from January to March, topping the list among 15 kinds of small SUVs sold there. Following Trax were Honda HR-V and Hyundai Motor’s Kona at 19,414 units and 15,174 units, respectively.  All Trax models are manufactured at the automaker&

Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday their US plants will resume operations this week after taking thorough quarantine measures to guard against the new coronavirus. Hyundai and Kia plan to restart production at their plants in Alabama and Georgia, respectively, on Monday (US time) and flexibly operate the plants "depending on the COVID-19 developments and local market conditions," a company spokesman said over the phone. Hyundai has suspended the Alabama

Korean Air Lines Co., the country's top flag carrier, will draw up a 1.5 trillion won ($1.23 billion) self-rescue plan, including a 1 trillion won stock offering, this month in return for massive financial support from two state lenders, industry sources said Sunday. Last month, the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Exim Bank) said they will inject 1.2 trillion won into the country's top airline to help the company weather the impact of the COVID-19 outbreak. T

Mercedes-Benz Korea Ltd. said Friday that Bjorn Hauber in charge of the German carmaker's Sweden and Denmark operations will replace the country's current chief in August. Mercedes-Benz Korea President and Chief Executive Dimitris Psillakis will complete his five-year tenure and begin his new position as head of sales and product management at Mercedes-Benz USA on Sept. 1, the company said in a statement. Hauber has contributed to the strategy development and sales increase of Mercedes-Benz

Company says purchase plan remains intact, but need more time for conditions precedent