Surge in exports to increase nation’s GDP by 0.3% by 2027

JEJU, Jeju Island -- Amid the booming market for electric vehicles, demand for car maintenance and diagnostics services has been on the rise to prevent fatal accidents on the roads. In a move to offer enhanced diagnostic technology for EV failure and repair, the Jeju Island unit of the state-run Korea Institute of Industrial Technology demonstrated a test that collects data from driving electric cars in front of the media on Thursday. During the test performed at the institute's headquart

Hyundai Motor Group officials including Executive Chair Chung Euisun (fourth from left) paid their respects to fallen soldiers at the Korean War Veterans Memorial in Washington on April 26, according to the Korea-US Alliance Thursday. Chung laid a wreath at the memorial on behalf of Hyundai Motor Group. He accompanied President Yoon Suk Yeol’s state visit to the United States last week as a member of the Korean business delegation.

Korean Air unveiled a special aircraft dedicated to endorsing Korea’s 2030 Busan World Expo bid during an event held at Incheon Airport on Wednesday. The aircraft, a Boeing 777-300ER, displays the image of world-renowned K-pop idol group Blackpink, bringing attention to and fostering support for the expo bid. “It is a great honor to be part of the nationwide efforts to raise awareness and gather support for Korea’s bid for the World Expo. We will fulfill our role as an ambassad

Hyundai Motor Group said Wednesday that it has unveiled its new hydrogen-powered heavy-duty electric trucks during the Advanced Clean Transportation Expo 2023. The new XCIENT Fuel Cell Tractor, weighing 37.2 tons, was developed to suit the North American market, where long-distance operations are common. It is equipped with a 180-kilowatt hydrogen fuel cell system.

SEOGWIPO, Jeju Island – Amid a surge in electric vehicle sales globally, experts on Tuesday called for concerted efforts among policymakers and industry officials to prevent EV batteries from catching fire. Fire-prone batteries were blamed for 12 percent of the total 130 recalls issued here since 2018, while software malfunctions took up the largest share at 43 percent, according to Lee Gwang-beom, an advisor at law firm Shin & Kim. “But battery fires are directly linked to con

American multinational automotive company General Motors said Tuesday it will open its first collective brand space in Korea called "The House of GM" on Friday. The space, inspired by GM's heritage site, Factory One, will be used to showcase the firm's company values, US culture and lifestyles. There will also be a variety of events for visitors to enjoy, including test drives, DIY workshops and gifts for child visitors in celebration of Children's Day, which will be dis

South Korea’s top wire and cable maker LS Cable & System said Tuesday it has completed Asia’s largest high-voltage direct current (HVDC) underwater cable plant in Donghae, Gangwon Province. The plant, named Submarine Building 4, is a 172-meter-tall vertical continuous vulcanization (VCV) tower with a total floor area spanning 34,816 square meters. Some 190 billion won ($141 million) has been injected into the construction that started in July 2021. The company said this facility

CATL battery pack to enhance car’s competitiveness in Korea, US, says Hyundai product development manager

Hyundai Motor Group Executive Chair Chung Euisun (second from right in second row) was spotted during President Yoon Suk Yeol’s address to a joint meeting of the US Congress, celebrating the 70th anniversary of the bilateral alliance at the House Chamber of the US Capitol, Washington, D.C., on Thursday. Chung and top executives including Hyundai Motor Group CEO Chang Jae-hoon and Jose Munoz, president and CEO of Hyundai and Genesis Motor North America, had reportedly signed up to make sure

South Korea's main bourse operator decided Thursday to keep KG Mobility, formerly known as SsangYong Motor, listed on the market. SsangYong's shares have been suspended since December 2020, when the carmaker filed for a court receivership. The court receivership procedure was completed in November last year, after KG Group decided to acquire SsangYong. The company was later renamed KG Mobility. The Korea Exchange conducted an eligibility review Thursday and decided to keep the compan

Kia vows to boost China sales by launching new EV every year until 2030

Hyundai-SK On, Samsung SDI-GM announce big spending plans to beef up battery production

Renault Korea’s new QM6 SUV is more than just your typical SUV -- it is also equipped with the much-loved perks of a sedan. SUVs are usually known to offer a less comfortable riding experience compared to sedans due to the bigger tires causing higher road impact. With an improved power train, reduced noise, an upgraded exterior and additional convenience features, Renault’s QM6 presents a solution to this issue by keeping the performance and capabilities of an SUV while incorporating

Mercedes-Benz unveiled the new E-Class in a digital world premiere on Tuesday. The new E-Class underwent a full change for the first time in seven years to feature advanced personalization and digitalization functions. The luxury midrange sedan is expected to go on sale early next year in South Korea.