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Sat, May 26, 2018 | 09:35

Biz & Tech > Automotive >

Kumho Tire union breaks agreement on foreign acquisition: KDB

The Korea Development Bank (KDB) has urged Kumho Tire's union to fulfill its promise to accept the China-based Doublestar Tire's acquisition of the financially troubled Korean tiremaker. The state-run bank has also demanded Kumho Tire's management and union hold a vote for all employees on the Doublestar deal as soon as possible, so as to know whether company employees oppose...

Automotive | 2018-03-26 16:33

GM worker kills himself amid layoff scare

A man who had worked for General Motors Korea's Gunsan factory for more than 20 years and quit amid looming massive layoffs hanged himself on Saturday.

Automotive | 2018-03-25 16:44

Genesis' first concept EV to make debut in New York

Hyundai Motor's premium brand Genesis will unveil its first electric vehicle (EV) concept car at the New York International Auto Show. According to multiple sources, the concept EV will be a coupe-style grand tourer, which will be on show at the auto show from March 30 to April 8.

Automotive | 2018-03-25 16:42

[Test drive] Jeep Wrangler Rubicon: a good refreshing for weekend

While carmakers are eager to release sleek, streamlined, aerodynamic and futuristic cars, there is still an undeniable demand for vehicles with a rectangular body on sturdy tires. The same goes for the Korean market where consumers have few choices and available options often look similar. Of those options, one possible choice for fans of blocky cars could be the Jeep Wrangle...

Automotive | 2018-03-25 16:40

Nexo early orders surge but price barrier remains

Orders for South Korea's eco-friendly high-tech SUV Nexo have topped expectations and surprised the auto market. But because of limited government subsidies, it remains to be seen how many orders for the pricey vehicles will turn into sales.

Automotive | 2018-03-25 16:33

Ssangyong SUV lineup satisfies customers of all ages

Ssangyong Motor is boasting a lineup versatile enough to meet the nation's strong customer demand for various SUV models. Starting with the Tivoli compact SUV introduced in 2015 and the G4 Rexton mid-size SUV, the nation's SUV powerhouse has enjoyed widespread popularity in all models among various age groups.

Automotive | 2018-03-22 15:47

BMW, Mercedes, Ford, FCA, Toyota to recall 5,000 cars in South Korea

The five companies -- BMW, Mercedes-Benz, Ford Motor Co., FCA and Toyota Motor Corp. -- plan to recall 29 different models totaling 5,137 vehicles, the Ministry of Land, Infrastructure and Transport said in a statement.

Automotive | 2018-03-22 11:29

SM6 celebrates successful second year sales

Renault Samsung's mid-sized SM6 sedan is enjoying steady sales even two years after its launch in 2016. The carmaker said it has now released the 2019 SM6 after making a number of improvements to the steady seller, while minimizing cost hike increases to offer customers a cost-efficient family car.

Automotive | 2018-03-21 17:54

Doublestar chairman visits Korea to meet KDB, Kumho Tire union

Doublestar Chairman Chai Yongsen visited Korea, Wednesday, to discuss his company's planned acquisition of Kumho Tire with its creditors led by the Korea Development Bank (KDB). His visit to the state-run bank was first on the chairman's official schedule in Korea.

Automotive | 2018-03-21 16:17

Toyota vows to bolster customer service

Toyota Korea said Tuesday it has been named as the No. 1 brand in customer services among imported car brands here and pledged that it will stay committed to its company motto of “Customer First.” According to the Japanese automaker, it scored the highest in a consumer satisfaction index on customer services last year in a survey done by Consumer Insight, a domestic market re...

Automotive | 2018-03-20 19:16

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Hawaii's Kilauea volcano goes 'ballistic'