Hyundai Motor Group Chief Vice Chairman Chung Eui-sun is expected to return home over the weekend after a weeklong trip to the US to persuade officials to allow exemptions from auto tariffs, industry insiders said Friday.According to Hyundai Motor, Chung flew to the US earlier this week to meet with Commerce Secretary Wilbur Ross and officials to convey the automaker’s concerns and economic contributions, amid US President Donald Trump’s push to slap 25 percent tariffs on imported automobiles.Th

Coupang’s Rocket Delivery has surpassed 1 billion deliveries four years after the South Korean e-commerce firm started the end-to-end service, the company said Thursday.To bring innovation to the e-commerce market, the company has built its own logistics center and hired deliverymen to handle the entire process from product purchase to door-to-door delivery. The speed of the service is key so customers can receive the products they ordered the next day, the company said. Rocket Delivery is the f

Hyundai Motor will supply 1,000 hydrogen-powered fuel cell trucks to Europe over the next five years, making its debut on the continent’s green commercial vehicle market, the company said Thursday.The South Korean carmaker signed a memorandum of understanding with Swiss hydrogen company H2 Energy at the trade show IAA Commercial Vehicles 2018 held in Hanover. H2 Energy Chairman Rolf Huber (second from left) speaks at a press conference held on the sidelines of IAA Commercial Vehicles 2018 in Han

Police raided a parts supplier of BMW Korea on Thursday as part of a probe into suspicions the Korean unit of the German carmaker covered up vehicle defects that led to dozens of engine fires in recent months. The Seoul Metropolitan Police Agency sent investigators to the supplier's headquarters in the southern city of Yangsan and its research center near Seoul.  The company supplies exhaust gas recirculation coolers and pipes, which BMW blamed for more than 40 vehicle fires this year. (Yonhap)B

South Korea will become a global logistics hub benefitting giants in the industry here if a railway project aimed at reconnecting the South and the North is realized, experts at a forum in Seoul on Tuesday.“Strained ties between the South and the North have blocked the (international) logistics flow. But if the inter-Korean railway is reconnected all the way to Busan, neighboring countries will enjoy a large convenience in terms of time and costs,” said Na Hee-seung, head of the Korea Railroad R

Audi Korea delivered 700 units of the 2018 A3 40 TFSI compact sedan last month through its eight official used car dealerships nationwide, the company said Tuesday.Under a law enacted to improve air quality in capital regions, which was revised in 2013, carmakers that sell over 4,500 units annually are required to make up 9.5 percent of their sales with low-emissions cars such as pure electric vehicles and hybrid vehicles.Audi Korea’s quota for this year is 3,000 units, which it has fulfilled th

Carmaker and unions agree to reinstatement of 119 former workers, ending longstanding conflict

Hyundai Motor Group Chairman Chung Mong-koo promoted his son Chung Eui-sun to executive vice chairman, a new position created to assist his father, the company said Friday.The heir to the world’s fifth-largest carmaker has worked as the vice chairman of Hyundai Motor Corp. so far. The promotion will give him authority to oversee the entire operation of the Hyundai Motor Group, of which Hyundai Motor Corp., is a part. Hyundai Motor Group Executive Vice Chairman Chung Eui-sun (Yonhap)According to

After a brief compromise, unionized laborers of GM Korea said they oppose the company’s decision to relocate an executive previously in charge of laying off workers at its Gunsan factory that shut down in May to its headquarters.GM Korea has named Lee Dong-woo, senior vice president who headed overall operations of the Gunsan factory, as the head of the Bupyeong manufacturing site. The unionized workers claimed that Lee had pressured workers to retire voluntarily by telling them that they would

Hyundai Motor vice chairman calls for large-scale commercialization of hydrogen

Preliminary injunction filed by KDB barring GM Korea from holding general shareholders meeting

The Korea Herald is publishing a series of articles on South Korea’s latest measures, hurdles and the market drive for hydrogen economy. This is the fourth installment. -- Ed.Hydrogen technology, which aims to replace the use of fossil fuels, would not only benefits carmakers, but also other traditional industrial players such as shipbuilders, the head of H2Korea said in a recent interview with The Korea Herald.“The market perception that the government’s push for hydrogen technology is only for

Hyundai Motor and its sister company Kia Motors were the third-largest sport utility vehicle makers in the first half of the year, a survey showed Wednesday.According to the UK market research firm Jato Dynamics, combined SUV sales by the two companies accounted for 8.2 percent of total global sales of SUVs, a 1.2 percentage point increase from 7 percent in the same period last year. Facelifted Tucson unveiled in Aug seen during a test drive. (Hyundai Motor)About 15 million SUV units were sold i

Hyundai Motor is investing in foreign startups in the US that develop solid-state batteries and mobility services, as part of its investment in future technologies, according to news reports.The South Korean carmaker was among a list of investors in the Series A funding round arranged by Solid Power, a Colorado-based solid-state battery cells maker, according to Bloomberg on Tuesday. The list of investors for the $20 million financing round also included the venture capital unit of Samsung Elect

Elliott Advisors, the Hong Kong arm of Elliott Management, on Friday afternoon released letters it had sent a month earlier to directors of Hyundai Mobis, Hyundai Motor Company and Kia Motors. The recent move is a response to news reports full of speculation that the US hedge fund leaked excerpts of its letters to the media.“Because portions of these letters were selectively provided to the press and others, Elliott has decided to make the full contents of the letters publicly available in the i