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The Korea Herald

Automobiles

September 05, 2024
[KH Explains] Is Hyundai’s bet on extended-range EVs a future-proof strategy?

The large batteries required make extending the range of conventional electric vehicles very expensive. EREVs offer a more economical solution by using smaller batteries that can be charged on the go by the internal combustion engine. For instance, Stellantis' 2025 Ram 1500 Ramcharger, a large pick...
September 03, 2024
BMW’s Korean expansion driven by local sourcing, innovation

In 2017, BMW expanded its footprint with a 130 billion won investment in a parts distribution center in Anseong, Gyeonggi Province. This center, which is the largest of its kind outside of Germany, manages an inventory of over 86,000 parts and incorporates AI-driven logistics systems. In April thi...
September 03, 2024
Hyundai Motor to sponsor Korea-US-Japan leadership forum

Hyundai Motor Group announced Tuesday that it will sponsor the second Trilateral Executive Dialogue, or TED, a leadership seminar between South Korea, the United States and Japan, set to take place at Grand Hyatt Seoul on Wednesday. TED, which held its first gathering in San Francisco last year, a...
September 03, 2024
Hansung Motors appoints new CEO

Hansung Motors, one of the top official Mercedes-Benz dealers in South Korea, has appointed Marco Kim as its new CEO, the company announced Monday. Marco Kim brings extensive global expertise in the luxury automotive sector, having held key leadership and consulting roles with several prestigious ...
September 01, 2024
[KH Explains] Will battery brand awareness influence EV shoppers amid safety concerns?

SK On, for instance, showcased the capability of its batteries through a unique marketing campaign: a beachside busking performance powered entirely by a Hyundai Ioniq 5 equipped with SK On batteries. Meanwhile, Samsung SDI has taken a different approach, promoting its proprietary battery brand, Pr...
September 01, 2024
SK Speedmate launches as rebranded auto repair firm

SK Speedmate, an automotive maintenance company, announced Sunday its official launch after spinning off from SK Networks to become a top automotive aftermarket service provider in Korea. SK Networks decided to spin off the Speedmate division as part of its push to transition to an AI-centric comp...
August 30, 2024
Mercedes-Benz Korea to lend free E-Class sedans for Incheon fire victims

Mercedes-Benz Korea will loan new E-Class sedans free of charge to residents of the apartment complex in Cheongna, Incheon, who lost their vehicles in an electric vehicle fire on Aug. 1. The fire, which occurred in the underground parking lot of the complex, destroyed approximately 70 vehicles. Me...
August 30, 2024
[Test Drive] Renault’s Grand Koleos delivers loaded tech at value-packed price

On the brighter side, the fully automatic park assist system worked well. It’s a first for the Grand Koleos’ segment, allowing the vehicle to detect empty parking spaces at the touch of a button and park itself with minimal driver intervention. Despite my initial skepticism, the system managed to...
August 29, 2024
Hyundai, Kia secure financial edge with 'triple A' credit ratings

Hyundai Motor Company and Kia have paved the way for their future investment plans as they recently received triple 'A credit' ratings from the leading credit rating agencies in the world. Hyundai and Kia -- Hyundai Motor Group's two automakers -- stand as one of the only four auto brands worldwid...
August 29, 2024
'Hyundai Way': Auto giant's W121tr plan aims to seize mobility market lead

Hyundai Motor Company is making a bold move towards the future with an investment of 120.5 trillion won ($90.3 billion) over the next decade. This investment is designed to keep Hyundai agile as mass adoption of electric vehicles remains uncertain. Key initiatives include the introduction of advan...
August 28, 2024
Samsung SDI, GM push ahead with $3.5b joint battery plant in US

Samsung SDI and General Motors reaffirmed their commitment to the growth of the electric vehicle market despite the recent slowdown as they finalized the agreement to establish a joint battery plant in the United States on Tuesday. According to Samsung SDI, key representatives from the Korean batt...
August 26, 2024
Hyundai-Kia climb to top credit ranks among global automakers

Hyundai Motor Company and Kia have just secured their place among the world’s most financially sound automakers. According to industry sources Monday, both companies received A ratings from the world’s three major credit rating agencies -- Moody's, S&P and Fitch. This positions Hyundai and Kia a...
August 25, 2024
Eximbank, LS Cable to bolster supply chain for rare-earth magnets

The state-run Export-Import Bank of Korea, or Eximbank, on Friday signed a business agreement with the nation's leading cable manufacturer, LS Cable & System, and its Asia-focused subsidiary, LS Eco Energy, to support building a stable supply chain for rare-earth permanent magnets, a key component ...
August 25, 2024
Renault Grand Koleos boasts extensive safety features

It’s also the first in Korea to include an ADAS-specific map designed for city roads. The system can detect road signs using a windshield-mounted camera and display them on the instrument panel and head-up display, helping drivers stay aware of speed limits. Renault Korea has also partnered with ...
August 22, 2024
Porsche unveils K-edition Taycan in Seoul

Porsche Korea launched the new Taycan on Thursday, the brand’s upgraded all-electric sports sedan, as the German sports car-maker aims to keep building on the success of the EV here. “Since (the Taycan’s) launch in 2020, the demand for (our) first fully electric sports car has exceeded our expe...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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