Models pose next to the Chevrolet’s Perfect Black Special Edition trim package, in an event in Seoul on Monday. Ahn Hoon/The Korea Herald　GM Korea, the local unit of U.S. carmaker General Motors, may start producing Chevrolet’s popular flagship full-size sedan Impala at its Bupyeong plant, in Incheon, next year.“The market response for Impala has been just amazing,” GM Korea CEO Sergio Rocha said during the launch event Monday for the limited black-color edition of four Chevrolet models, dubbed

Volkswagen Korea CEO Thomas Kuehl     South Korean lawmakers will grill Volkswagen Korea’s CEO over the company’s handling of the emissions-rigging scandal in Korea during a parliamentary audit on Thursday. 　“The company chief Thomas Kuehl came back from his business trip to the headquarters in Germany and will take part in the scheduled audit,” a company official confirmed. 　The National Assembly’s transport committee had summoned him as a witness over his company’s emissions-cheating scam a fe

　Three South Korean brands from the nation’s top two conglomerates -- Samsung Group and Hyundai Motor Group – have been placed in this year’s list of the top 100 global brands compiled by Interbrand, a global branding consulting group. 　Samsung Electronics, the world’s largest smartphone-maker, held onto its No. 7 spot. Its brand value also remained unchanged for the second consecutive year to reach at $45.5 billion (53.3 trillion).　Hyundai Motor and its sister company Kia Motors were placed 39t

Volkswagen Korea CEO Thomas Kuehl faces a parliamentary audit as the National Assembly’s transport committee decided to call him as a witness next week over his company’s emissions-rigging scandal. “Considering the status of Volkswagen Korea in the nation’s imported car market, it is necessary for the company head to explain what it will do to minimize the impact of the recent emissions scandal in the U.S. by its parent company on Korean consumers,” the committee said in a statement. Volkswagen

   Two owners of Volkswagen vehicles filed a lawsuit against the German carmaker over its emission-rigging scheme, the first legal action of its kind in the country, their lawyers said Wednesday. Corporate logo of Volkswagen　Lawyer Ha Jong-sun said the owners had decided to take the case to a Seoul court to demand Volkswagen and its local dealers cancel their contracts and refund the cost of the vehicles.　One of the two Korean plaintiffs involved in the case owns a 2014 Audi Q5 2.0 TDI, while th

Federal Reserve chair Janet Yellen (Bloomberg)Federal Reserve chair Janet Yellen said she is ready to raise interest rates this year and intends to let the labour market run hot for a time to heal the lingering scars of the worst recession since the Great Depression.Yellen placed herself squarely in the camp of those Federal Open Market Committee officials who favour raising rates in 2015. “Most of my colleagues and I anticipate that it will likely be appropriate to raise the target range for th

Pope Francis visiting the U.S. (Bloomberg)From the world stage of the United Nations to an inner-city school, Pope Francis is emphasizing themes that have shaped his popular papacy as he packs in encounters with the powerful and the poor in New York City. His agenda for Friday reflects both his global stature and his of-the-people approach, while taking him from the solemnity of ground zero to the struggles of East Harlem. It includes events as large as a processional drive through Central Park,

Actor Lee Min-ho South Korean actor Lee Min-ho was named Friday as a goodwill ambassador for the 2018 PyeongChang Winter Olympics.   Lee is the first actor to take on the role for the first Winter Games in South Korea.   The local organizing committee said it appointed the 28-year-old hallyu star with three future Olympic Games to be held in Asia. After PyeongChang, Tokyo will host the 2020 Summer Olympics and Beijing will stage the 2022 Winter Olympics.   The award-winning actor has starred in