In surprise meeting with Hyundai Motor chief, KG chairman hints at tapping into niche markets

Genesis, Hyundai Motor Group's premium auto brand, unveiled its first coupe sports utility vehicle -- GV80 Coupe Concept -- at the Genesis House in New York on Monday. The carmaker said the GV80 Coupe Concept is developed to fit various lifestyles by combining practicality and sportiness based on the design philosophy of athletic elegance.

Incheon Airport said Monday that it is expecting to turn a profit in the first quarter this year for the first time in nearly three years, largely driven by increased management efficiency and the gradual recovery of international travel. The exact earnings will be made available after mid-April, the airport said, adding that they are highly likely to see a profit, considering the January and February earnings as well as the estimated passenger revenue in March. Following the outbreak of the

South Korean shipyard Samsung Heavy Industries Co. said Monday it has bagged a 674.5 billion-won ($517 million) order to build two liquefied natural gas carriers for an Asia-Pacific shipper. Samsung Heavy said in a regulatory filing that it will deliver the vessels to the undisclosed shipping company in stages by November 2026. So far this year, Samsung Heavy has clinched orders worth some $2.5 billion, or 26 percent of its 2023 target of $9.5 billion. In early January, Samsung Heavy obtained a

Korean unit sets record sales in 2022

German automaker’s latest sports activity vehicle dons 643-horsepower plug-in hybrid powertrain

Mercedes-Benz makes up 5 in 10 bestselling import EVs in Korea

Visitors check out cars on display at the Seoul Mobility Show 2023 at Kintex in Ilsan, Gyeonggi Province, on Saturday. Korea’s biggest annual automotive exhibition will be held through April 9, with 163 companies from 12 countries joining.

South Korea's shipbuilder Hyundai Mipo Dockyard said Friday that it has recently signed a contract to supply four medium-sized product carriers to an Africa-based shipping company. The contract is worth a total of 240 billion won ($186 million). The product carriers will be built at Hyundai Mipo Dockyard in Ulsan and delivered to the shipping company from the second half of 2025. Hyundai Mipo Dockyard recently received orders for a total of 11 medium-sized product carriers in February. Foll

SsangYong Motors has returned to the Seoul Mobility Show 2023 for the first time in four years under its new name, KG Mobility, with an electrified version of its bestselling midsized sport utility vehicle Torres EVX. “Changing the company’s name was not an easy decision. But after a series of ups and downs, we aim to deliver a total solution for mobility sectors,” said KG Mobility Chairman Gwak Jae-sun at a media preview Thursday at Kintex in Ilsan, Gyeonggi Province. The ca

Hyundai Motor Company on Thursday launched the newest edition of its Sonata at the 2023 Seoul Mobility Show held at Kintex in Gyeonggi Province. The latest version of the midsize sedan is named “Sonata The Edge.” As the long-time popular model of the carmaker, the eighth-generation model has undergone almost a full face-lift with its design and technology updates. The automaker said it will begin taking pre-orders for the new Sonata on April 20. The new Sonata, which will go on sale

German automaker’s collaboration with high-end fashion brand Moncler Project Mondo G makes Asian premiere

Large, all-electric flagship SUV capable of traveling over 500 km on single charge

BMW Korea presented the largest number of car lineups at 24 at the Seoul Mobility Show 2023, underscoring its net-zero initiative as a key vision for future mobility. BMW, along with sub-brands Mini and BMW Motorrad, introduced its distinctive clean car models powered by battery and hydrogen engines. The Korean unit of the German carmaker showcased the prototype of iX5, a hydrogen fuel cell vehicle, for the first time in Korea. On a single hydrogen charge, which takes around 3 to 4 minutes, it c

Korea becomes German sports carmaker's 6th-biggest market