Korean tiremaker Hankook Tire has signed a deal with AMG Speedway run by Mercesdes-Benz Korea to exclusively supply tires for cars used at the track, the company said Thursday.The tiremaker will supply six tire products: semi-racing tires Ventus R-s4 and Ventus R-s3 as well as ultra-high performance tires Ventus S1 evo2, Ventus S2 AS, Ventus S1 evo2 SUV, and Ventus V12 evo2. (Hankook Tire)“We expect our high-performance tires made with latest technology to deliver top-notch racing performance an

From unicycles to electric scooters, demand for faster PMDs on the rise

Here’s a suggestion for excitement seekers and adventurers looking for an activity to relish the last days of the scorching summer before bringing on the fall: go-kart racing.The go-kart racing experience center located at Songpa Tancheon parking lot, near Jamsil Sports Complex in eastern Seoul, is the place to go for drivers of all ages, literally, as it does not require a driver’s license to hop on the mini race cars.The degree of competition and thrill behind the wheel are second only to Form

Kia Motors Corp., South Korea's second-largest carmaker, said Wednesday that it has tentatively reached a wage deal for this year.Under the deal, the carmaker offered to raise workers' basic monthly wage by 45,000 won ($40) and provide bonuses worth 250 percent of basic pay plus 2.8 million won in extra compensation. (Herald DB)Kia Motors' 28,800-strong union is set to vote Monday on whether to accept the tentative agreement.The maker of the K5 sedan and the Soul boxcar sold 1.62 million cars in

Hyundai Mobis, an auto parts supplier, has inked an investment deal worth 8 billion won ($7.1 million) with the Korean startup StradVision, which develops deep learning-based object detection and recognition technology, the company said Wednesday.The latest move comes as the company has vowed to develop sensors required for self-driving, such as lidar and radar, by 2020. StradVision was established in 2014 by graduates of the Pohang University of Science and Technology. It owns deep learning-bas

A self-driving truck by Hyundai Motor completed a 40-kilometer highway drive south of Seoul, in the first successful test-run of an autonomous truck here, the company said Wednesday.The 40-ton Xcient, linked with a trailer, was operated with level 3 of autonomy at a maximum speed of 90 kph. The company applied differentiated sensing technology and a control system by attaching 10 sensors including three cameras, two radars and three lidar sets on the front.  A self-driving truck is tested with a

Fiat Chrysler Automobiles Korea has released the all-new Jeep Wrangler, revamped 11 years after its previous model, in hopes of boosting demand for off-road driving, the company said Tuesday.The latest 4x4 sport utility vehicle was revealed at the 2017 LA Motor Show. The carmaker described it as the model that created the SUV segment and the first to introduce the concept of off-road driving.Amid an increase in demand among off-road drivers, 1,425 units of the Wrangler were sold in 2017, up 40.6

Samsung Electronics said Tuesday that it would not be acquiring a major car manufacturer, refuting market rumors that the South Korean tech giant might re-enter the automobile business.In a message to its workers, the company said it has no plans to manufacture electric vehicles and self-driving cars, or acquire related companies. (AFP)The company will instead focus on the development of displays and chips for a self-driving control system as part of its automotive business, it added.Rumors of S

The Korea Transportation Safety Authority (KOTSA) under the Transport Ministry on Monday said BMW Korea was uncooperative in transferring technical documents needed to look into engine fires prior to official orders by the ministry.“We confirmed irregularities in the BMW 520d frequently catching fire this June and requested BMW Korea for technical documents on June 25, July 5 and July 19. But BMW Korea did not transfer the files and in some cases, parts of the documents were missing,” said Kwon

A public transportation agency said Monday it will closely look into the engine fires involving dozens of BMW vehicles with an aim to determine the exact cause by December.  A BMW 520d vehicle is on fire on a highway in North Gyeongsang Province on Monday. YonhapIn a press conference held in Government Complex Sejong, 120 kilometers south of Seoul, the Korea Transportation Safety Authority (TS) said it has demanded additional documents involving recent vehicle fires and purchased three second-ha

Midsized SUV dubbed as 'Song Joong-ki car' is back with refreshed design, high-tech features

Hyundai Motor has invested in Revv, the second-largest car-sharing company in India, making its first move into the country’s emerging mobility market.The company declined to comment on the size of investment. Koo Young-ki, head of Hyundai Motor India shakes hands with Karan Jain, co-founder of Revv at the carmaker's product quality center in India. Next to Jain is Anupam Agarwal, also a co-founder of Revv. (Hyundai Motor)Launched in 2015, Revv provides car sharing services in 11 cities in India

Hyundai Motor and Kia Motors, South Korea’s top two automakers, will offer safety inspections of old vehicles free of charge in response to inquiries about vehicles catching fire, the company said Monday.The inspections are starting up in the wake of recent BMW engine fires, which have left drivers here increasingly concerned.Hyundai and Kia vehicles that have been on the roads for at least eight years are eligible for checkups through the end of November at 22 Hyundai service centers and some 1

With Korean drivers on alert for vehicles catching fire in the midst of the BMW engine fire crisis, reports of fires breaking out at vehicles manufacture red by other automakers have been making the rounds recently, reflecting the public’s raised concerns.The most recent case was a fire that reportedly started in the engine of a Chrysler 300C sedan after showing signs of malfunction, according to a local fire department on Sunday. “We are investigating what started the fire in the engine room of

The number of new jobs in July was the lowest in eight years, despite job creation being a priority of the Moon Jae-in administration, data showed Friday.(Yonhap)According to Statistics Korea, the number of newly added jobs last month increased 5,000 from the same month last year, marking the smallest gain on-year since January 2010 when the nation was suffering from the aftermath of the 2008 global financial crisis.The number of unemployed remained around 1 million for the seventh consecutive m