Passenger travel on Korea-Chinese routes stayed at 13 percent of pre-pandemic levels in the January-April period in contrast with a rapid recovery in other Asian routes, the transport ministry said Monday. In the first four months, the number of passengers on the routes between the two countries stood at 730,817, plunging from 5.65 million during the same period of 2019, according to data from the Ministry of Land, Infrastructure and Transport. But passenger travel on many other Asian routes is

Hyundai Motor Group said Friday that it has agreed with LG Energy Solution to jointly build an electric vehicle battery manufacturing plant in the US, expanding their footing in the burgeoning clean car market there. Under a joint investment of 5.7 trillion won ($4.3 billion), the two companies plan to start construction of the plant later this year. With an annual production capacity of 30 gigawatt-hours, enough to supply approximately 300,000 fully electric cars, the plant will commence operat

Hyundai’s revamped compact SUV can drive up to 417 km on single charge

Hundreds of Korean travelers who traveled to Northern Mariana Islands including Guam and Saipan are left stranded on the islands as of Thursday, with Super Typhoon Mawar lashing the territory with strongest downpour of wind and rain the region has seen in decades. According to Hana Tour, a Korean travel agency, approximately 230 travelers failed to take the return flight home on Tuesday due to the storm. "We heard from the local sources in Guam that Guam's airports will be closed until

South Korean electric vehicle battery maker SK On has attracted $944 million in funding as part of its push to expand its presence in the burgeoning EV market. According to its parent company SK Innovation on Wednesday, $800 million will be secured from a consortium led by MBK Partners, the Korea-based private equity firm, which is composed of financial investors from the US and the Middle East. Another $144 million will be attracted from SNB Capital, an investment banking arm under Saudi Nati

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Thursday it has developed a new headlamp that displays road signs on the road to prevent nighttime accidents. The high-definition lighting system visualizes road signs in texts or images and projects them on the road surface in real time. If there is a construction site ahead, the lamp shows a relevant symbol to alarm the driver. The lamp also projects a crosswalk sign at night to help secure pedestrians’ safety. Th

Renault Korea Motors seeks to lure tech-savvy young drivers with its digital campaign “Create Your SM6,” the Korean unit of the French auto giant said Wednesday. The carmaker offers an artificial intelligence-based design tool, called Stable Diffusion, for participants to create their own SM6 sedan car and submit the image as a non-fungible token to win digital coins. Based on the car’s highest-trim model Inspire, almost 14,000 NFTs have been submitted ahead of Friday’s d

Stellantis Korea on Wednesday unveiled the new Peugeot 408, a cross between a sedan and an SUV. The car’s Asian debut shows the nation’s strategic importance of Korea's fast-evolving car market, according to Peugeot brand CEO Linda Jackson during a press conference in Seoul. “Leading the trends automotive business, Korean market undoubtedly has a halo effect for global markets,” she said.

Hyundai Motor Group has developed a new technology that allows cargo trucks to have doors with both swing and slide mechanisms, the Korean auto giant said Tuesday. Based on consultations with courier drivers, the new technology will undergo durability and performance tests for potential mass production.

Renault Korea Motors said Monday it is setting up a research and development center in the southern port city of Busan, aiming to expand its presence as a strategic export base for the French auto giant. The carmaker signed a memorandum of understanding with the Busan city government and industrial and academic institutions there to join hands in creating an ecosystem for eco-friendly vehicles. Renault Korea Motors CEO Stephane Deblaise, Busan City Mayor Park Hyeong-joon and other officials part

Hyundai Motor Group Executive Chair Chung Euisun (center) stands next to the N Vision 74 hydrogen hybrid electric vehicle, inspired by the carmaker’s first-ever car model, the Pony coupe, at the prestigious Concorso d’ Eleganza Villa d’Este classic car show held in Lake Como, Italy, Saturday. During the annual event, the carmaker unveiled its recently revived Pony Coupe Concept 49 years after the car made its debut in 1974 at the Turin Motor Show. The N Vision 74 is a test ca

Regarding the news that the US government might officially interfere with South Korean national carrier Korean Air's merger with its smaller domestic rival, Korean Air said that the US authorities have not told them of any official decisions, Friday. According to the US news website Politico, the US Justice Department is considering a lawsuit against the Korean Air on the basis that the company's business integration with Asiana Airlines could result in a monopolization that could prev

Hyundai Motor Group Executive Chair Chung Euisun mentions possibility of producing revived vehicle for sales

Expectations high on upcoming Aurora hybrid car to beef up production

Kumho Tire announced Thursday it has successfully sponsored the opening race of the Touring Car Racing World Tour, a renowned motorsport competition promoted by WSC Group that took place April 29-30 at the Algarve International Circuit in Portugal. Signing a three-year title sponsorship deal with WSC last February, Kumho sponsored all the racing tires in the drivers’ cars for the competition, leading to dynamic races. Prestigious carmakers such as Audi, Honda and Hyundai Motor have shown t