TUCSON FOR CHINA -- Beijing Hyundai, the joint venture between China’s Beijing Automotive Group and Hyundai Motor Company, Sunday released the All New Tucson SUV. It is installed with a 1.6 turbo GDI engine and a seven-speed double-clutch transmission, and can be synched with the driver’s smartphone through CarLife, a media platform by Baidu. Also tailored for the Chinese market where road and air conditions are relatively bad, an air purifier is installed and the car has been lifted 1 centimete

Mobility Sept. 6, 2015

Domestic carmakers are gearing up to introduce their latest and cutting-edge technologies at the 66th International Motor Show scheduled for later this month in Germany, which is widely regarded as one of the most important events in the global automotive industry. Seeking for overseas expansion, especially in the European market, automobile manufacturers will project their latest commercial models as well as concept cars at the media preview from Sept. 15 and commence public displays from Sept.

Mobility Sept. 6, 2015

Lotte Group chairman Shin Dong-bin (second from left) poses with Indian Prime Minister Narendra Modi (center) in New Delhi on Thursday. Lotte GroupLotte Group chairman Shin Dong-bin on Thursday requested Indian Prime Minister Narendra Modi’s support in Lotte’s culture-shopping complex development in the New Delhi, Mumbai and Chennai regions. “Thanks to the Modi government’s economic stimulus policies, India is seeing rapid economic growth every year,” chairman Shin was quoted as telling Modi in

Industry Aug. 28, 2015

　Gyeongju radioactive waste treatment facility --  Prime Minister Hwang Kyo-ahn (fourth from left) and other high-ranking government officials mark the completion of the construction of the Gyeongju Radioactive Waste Treatment Facility in North Gyeongsang Province on Friday. Finalized after three decades of discussion and debates, Korea’s first facility of its kind is expected to treat a total of 800,000 drums of low- to mid-level radioactive waste, such as gloves, parts and work uniforms used i

Aug. 28, 2015

Takahashi Masato (left), managing executive officer at Rakuten Ichiba, and SimpleX CEO Lee Jae-suk speak at a press conference on Wednesday in Yeouido, Seoul. Cafe24Online merchants in Korea will be allowed to sell their products on Japan’s Rakuten Inchiba without registering as local corporations. They will also be given access to the use of local delivery system and payment tools.The arrangements came in a deal between Rakuten Ichiba, the “B2B2C” arm of the largest online market in Japan, and

Industry Aug. 27, 2015

Daelim honorary chairman Lee Joon-yong (Yonhap)Just when the Korean public was feeling sick of superrich people squabbling over astronomical wealth, Daelim Group honorary chairman Lee Joon-yong showed that some of them can share what they have unconditionally. Last week, Lee announced through his company that he would donate all his assets to the “Tongilnanum Fund,” dedicated to the unification of the two Koreas. The Fund, operated by the Unification and Sharing Foundation, will be used to suppo

Industry Aug. 25, 2015

Pepero Premier/Mega Mart websiteGlico`s Barton d`or/RakutenA Seoul court ruled Friday that Lotte Confectionery, the snack-making arm of Lotte Group, stole a Japanese competitor’s packaging design for its upscale Pepero Premier biscuits. The ruling is expected to force Lotte to halt its rollout of the product and dispose of the existing stock. The verdict came from the Seoul Central District Court, which concluded that the package and snack designs of Pepero Premier were too similar to those of B

Industry Aug. 23, 2015

The New Peugeot 2008Hanbul Motors, the official Korean importer of Peugeot and Citroen cars, on Sunday announced that it would offer three-day package tours of Jejudo Island to all people who buy Peugeot cars by the end of month, as part of the French carmaker’s celebration of the successful launch of a rent-a-car service on the island. Those who buy a Peugeot, Citroen C4 Picasso or Grand C4 Picasso will be rewarded with a two-night stay on Jeju along with a 48-hour voucher for a Peugeot car ren

Mobility Aug. 23, 2015

 Two Sonatas collided head-on at the Hyundai Motor Street Circuit in the Songdo International Business District of Incheon on Saturday, as part of Hyundai Motor’s efforts to demonstrate the safety and security of the company’s flagship sedan. Both cars -– one manufactured in Korea and the other in the U.S. — bore minimum damage after clashing at a speed of 56 kilometers per hour. Hyundai said the rather “dangerous” experiment was held to assure that all Sonatas are powerful and safe regardless o

Mobility Aug. 23, 2015

현대차의 유럽시장 라이벌 “스코다”가 이르면 연내에 한국에 상륙한다. 스코다는 한때 “서민의 포르쉐”로 불리며 유럽에서 선풍적인 인기를 끌던 체코의 국민차 브랜드로, 1991년 폭스바겐 사에 인수된 후에도 독일 등 유럽 여러나라에서 수입차 브랜드로 분류되어 꾸준한 인기를 누리고 있다. 국내 다수 소식통에 의하면 폭스바겐의 한국 지사는 최근 몇몇 고위직들만 알고 있었던 스코다 도입을 전사직원들에게 공식화했고, 이에 대비하라는 지시를 내렸다고 한다. 또한, 헤드헌팅사 등을 통해 마케팅 등 스코다를 위한 직원 모집을 시작한 것으로 알려졌다. “수입차 시장이 무섭게 성장하고 있어 폭스바겐도 향후 좀 더 다양한 사양과 가격의 차를 통해 시장의 우위를 굳히는 전략을 구사할 예정이다,”라고 폭스바겐 관계자가 말했다. 현재 스코다의 정확한 런칭 날짜, 런칭 모델과 가격은 정해지지 않은 상태로, 이후에도 인증 등의 규제절차와 딜러 네트워크 구축 등의 세일즈 준비 절차 등이 남아있는 상태다. 그러나

한국어판 Aug. 19, 2015

The “pan-Samsung founding family” gathered at the memorial altar of the late honorary chairman of CJ Group, Lee Maeng-hee, who died last week of lung cancer in China. It was a rare scene of public togetherness for the media-reclusive Lee clan, who have been reported to be rather distant from each other. Some business insiders suggest that the funeral of the eldest of Samsung founder Lee Byung-chull’s offspring could be an icebreaker for the family, which runs some of the country’s largest busine

Industry Aug. 18, 2015