Hyundai Motor Group on Tuesday clinched a $1.5 billion investment deal with the Indonesian government to construct an automotive plant in Delta Mas in Bekasi, Indonesia, which will be the automaker’s first finished car production facility in the Southeast Asian region.The investment clinching ceremony was attended by President of Indonesia Joko Widodo, Coordinating Minister for Maritime Affairs and Investment of Indonesia Luhut Binsar Pandjaitan, Coordinating Minister for Economic Affairs

Han Sung Motor, the largest official dealer of Mercedes-Benz in South Korea, held a lantern-lighting ceremony Thursday as part of its collaborative public art project with the Seoul Foundation for Arts and Culture.A public art projected titled “Sowon Bandi” was designed to invite citizens to write their personal wishes and dreams on each of 5,000 solar-power lanterns, donating 10,000 won ($8.50) for each one.The ceremony was attended by the heads of the two sponsors -- Han Sung Motor

[ASEAN-Korea summit] With Vietnam as strategic base, LS subsidiary eyes expansion to other ASEAN countries and US

Hyundai’s flagship full-size sedan makes dramatic facelift under “Sensuous Sportiness” concept

Kia unveiled the third generation of its bestselling sedan K5 on Thursday and commenced preorders, highlighting its futuristic design and interactive voice control technology.Through the use of “active” interaction technology, passengers can control the air conditioner, air filtering, windows, electronic heat systems for the seats and rear window via voice commands, according to the company. In addition, a car-to-home system allows passengers to keep a tab on internet of things devic

Hyundai Motor began sales on Tuesday of its flagship full-size sedan The New Grandeur, which has undergone some drastic design changes since the sixth-generation Grandeur IG was launched in 2016. Under the slogan “Sensuous Sportiness,” Hyundai Motor has applied an integrated-type front grille with a checkered pattern called a “parametric jewel pattern.” The automaker has also used daytime running lamps, headlights that look like part of the front grille when turned o

Renault Samsung, the South Korean subsidiary of French carmaker Renault, has been targeting the niche markets of liquefied petroleum gas and commercial vehicles in recent months, to promote sales in the face of intensifying competition and a sluggish economy. QM6, a mid-sized sports utility vehicle powered by LPG, has boosted sales in the carmaker’s SUV segment by attracting customers looking for alternatives to diesel-powered SUVs here. Sales of SUVs with diesel engines have lost steam am

Kia Motors said Tuesday its new sport utility vehicle targeted for North American market was named SUV of the year by an auto publication MotorTrend. The magazine also chose Peter Schreyer, president and head of design management of Hyundai Motor Group as the “person of the year.” Kia is a sister company of Hyundai Motor, South Korea’s largest carmaker.  Describing Telluride as a new flagship SUV that has raised Kia’s profile, the magazine said seven of its 11 judges

South Korean automaker Hyundai Motor ranked No. 1 on a list measuring carmakers’ corporate social responsibility activities in terms of the impact they had on the Chinese community, the company said Monday. According to an index published by the CSR Research Center of the Chinese Academy of Social Sciences, Hyundai topped the list for the fourth consecutive year. It also climbed up one notch to fourth place in a separate ranking that listed companies across industries. The research institu

German luxury carmaker’s EV is dynamic and progressive but short in driving range

Choi Sun-mok, president and the head of the communications committee at Hanwha Group, was on Thursday named the public relations person of the year by an association of publicists in Korea. Choi was given the award for his work of implementing a series of events including a Hanwha symphony festival and the annual firework festival, the organization said, adding that such events have helped Hanwha raise its profile and expand communication channels with the public.The president also led the compa

Hyundai Motor said Thursday it will invest $410 million to start production of the Santa Cruz compact sport utility vehicle in the US in 2021. Facilities will be expanded at its plant in Montgomery, Alabama, along with the deployment of related equipment, with the aim of starting sales in the US and Canada in the same year, it added. The investment will create 200 new jobs at the plant and an additional 1,000 at local suppliers and logistics companies supporting Hyundai in Montgomery and the Riv

Shopping for basics loses ground as financial products rise in importance

Real estate giant seeks business synergies to become 17th-largest conglomerate

State-run power supplier Korea Electric Power Corp said Monday that it has signed a deal to sell electricity to the Guam Power Authority Pacific for 25 years.Kepco will start providing electricity in October 2022 after building a power plant. Korean builder Hyundai Engineering is set to construct a 200-megawatt combined cycle power plant in the US island territory in August 2020. The commercial operation of the plant will start two years later. A special purpose company in which Kepco holds a 60