Renault Samsung Motors has became the third domestic car manufacturer to test a self-driving car on the public road, following Hyundai Motor and Ssangyong Motors.On August 30, Renault Samsung announced that it has earned a permit by the Ministry of Land, Infrastructure and Transport to test its self
Japanese and Chinese companies are attempting to lure South Korean engineers who have been made redundant under the ongoing restructuring in major industries.Back in the 1970s and 1980s, Japan led the growth of the global shipbuilding industry. At that time, Japanese shipbuilders’ global market shar
Ssangyong Engineering and Construction announced that the builder’s Forest Woods Condominium site won the SHARP Award at the Safety And Health Awards hosted by the Ministry of Manpower of Singapore on July 31.The SHARP (Safety & Health Award Recognition for Projects) award is bestowed upon a contrac
SsangYong Motor Company, part of the Mahindra Group, announced on August 1 that it sold a total of 12,916 units in July 2018 – 9,823 units in domestic sales and 3,093 in exports.SsangYong’s sales for July rose 13.2% compared to sales in July 2017. This upward trend reflects a recovery in domestic sa
Ssangyong Motor is taking part in a series of sporting events in Europe in a bid to strengthen its brand image in the market.The Norwegian unit of Ssangyong has become the official sponsor for the Birkebeiner moniker, one of the largest sporting events held in Northern Europe, the South Korean-based
Patent applications related with vehicle to everything (V2X) telecommunication are growing as companies step up research on the safety of autonomous driving cars.According to the Korean Intellectual Property Office on May 13, patent applications related to V2X reached 154 last year, up from 68 in 20
In the first quarter of this year, sales of imported cars in the Korean market grew 22.6% from a year earlier. While the market share of automakers in Korea has been shrinking due to a plunge in GM sales in Korea, import cars are stepping up its sales efforts in the Korean market.According to the Ko
South Korean automakers and tire producers are becoming domestic companies in name only. Among three domestic tiremakers – Hankook Tire Co., Kumho Tire Co. and Nexen Tire Corp. – Kumho Tire will be sold to a foreign company. Also, Hyundai Motor Co. and Kia Motors Corp. are the only automakers that a
On April 1, unionized Kumho Tire workers took a vote on the sale of their company to Qingdao Doublestar. 91.8% of the registered union members took part in the voting and 60.6% of the participants voted in favor of the sale.On March 31, in the meantime, Kumho Tire employers and employees signed a sp
Ssangyong Motors went into red last year, which shows symbolicaly Korean automakers' situation.In 2016, Ssangyong Motors’ inventory period dropped to 20 days, six days down from a year before. Its domestic sales, which were only 70,000 units in 2014, exceeded 100,000 units, and its exports also jump
The chief of Qingdao Doublestar Co. visited South Korea and showed his determination to become a global leading tiremaker through co-prosperity with Kumho Tire.During a press conference at the KDB headquarters in Yeouido, Seoul, on March 22, Doublestar Chairman Chai Yongsen said, “Doublestar wants t
A consortium consisting of Ssangyong Engineering & Construction (Ssangyong E&C), Daewoo Engineering & Construction (Daewoo E&C) has won the Woodlands Health Campus project worth U$740 Million.A consortium consisting of Ssangyong Engineering & Construction (Ssangyong E&C), Daewoo Engineering & Constr
According to related industries on February 26, LG Chem will cooperate with Mahindra & Mahindra, an automobile affiliate of India’s Mahindra Group, on lithium-ion battery technology for electric vehicles.Through this collaboration, LG Chem will develop high-density energy batteries based on NCM (nic
General Motors (GM) said that the automaker will make the final decision about its business in South Korea following the closure of Gunsan Plant at the end of February. The end of February is near at hand.It is expected that the ongoing collective bargaining between the labor and management of GM Ko
If and when GM Korea withdraws from South Korea, more than four out of ten auto industry workers will be affected in Korea.The Ministry of Trade, Industry and Energy (MOTIE) said on February 15 that the total number of employees of GM Korea and its partner companies was estimated at 156,000 as of 20
Last month, Mercedes-Benz jumped to fifth place in sales by overtaking Renault Samsung for the first time in the Korean automobile market. Therefore, in January, the monthly sales volume of a Korean car manufacturer was eclipsed by that of a foreign automaker for the first time since a strike of uni
POSCO and Hyundai Steel have come up with different strategies and predictions about the future of the automotive steel sheet sector. POSCO is planning to work on steel materials harder and lighter than nonferrous metals whereas Hyundai Steel is going to focus on combinations incorporating aluminum,
SsangYong Motor Company announced on January 22 that its G4 Rexton has been selected as the 4WD Car of the Year in Britain by the 4X4 magazine.The British magazine, which has a history of 25 years, releases the list of the best AWD vehicles in seven categories each year. The categories are divided i
South Korean automakers have built no factory at all in South Korea since February 1997, when Daewoo built its plant in Gunsan to manufacture 300,000 vehicles a year, according to industry sources on December 25. The plant of Daewoo that manufactured the Nubira sedan had an automation rate of 97% in
Criticism mounts as Samsung C&T won a large construction project abroad at excessive low prices again. It is appreciable that South Korea’s largest construction firm Samsung C&T saw its competitiveness be recognized in the global market but it is deplorable that it created severe competition with a