South Korea's automobile exports shrank for the second month in a row in August due to unfavorable exchange rates and economic slowdown in emerging markets, the government said Sunday.In August, outbound shipments of automobiles contracted 0.7 percent on-year to 181,915 units, with the total value of cars exported dropping 9.1 percent to US$2.7 billion, the Ministry of Trade, Industry and Energy said. Compared to July, when carmakers such as Hyundai Motor Co., Kia Motors Corp. and GM Korea Co. e

Sales of carmakers in South Korea dropped 2.5 percent in August from a year earlier as overseas demand remained weak amid slumping global demand, industry data showed Monday.The combined sales of five automakers in the country came to 622,542 units last month, compared with the 638,771 units tallied a year earlier, according to data provided by each company. The decline is attributed to a fall in overseas shipments, which came to 502,142 units, down 5.8 percent from a year earlier.Their combined

Kia Motors’ K7 and General Motors’ Impala have been named ideal brands by a U.S. consumer research company. AutoPacific, an automotive research and consulting firm, said Monday that Kia’s Cadenza -- the K7’s name in the U.S. market -- and the Chevrolet Impala were tied in the 2015 Most Ideal Popular Brand awards’ large car category. “The award is designed to see which brands meet their owner’s expectations and desires, helping consumers make informed vehicle purchase decisions with ‘owners talki

Three cars made by South Korea's top carmaker Hyundai Motor Co. and its corporate cousin Kia Motors Corp. have received low ratings in a crash test conducted in the United States, an American motor safety institute said Monday. Of the two automakers' 17 models sold in the U.S. market, Hyundai's Accent subcompact and Tucson sport utility vehicle as well as Kia's Sportage SUV were rated as "poor" in the small overlap front crash test, according to the Insurance Institute for Highway Safety. The te

Three cars made by South Korea's No. 1 automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have been chosen among the top picks for first-time drivers in the United States, a car review website said Monday. Kia's box-style compact Soul was named the best new car under $20,000 for young drivers purchasing their first vehicle in the world's No. 2 car market, according to U.S. website Cars.com. "The Soul is an affordable choice for young hipsters wanting form, function, safety an