On November 20, a self-driving will be tested running on a road while exchanging information with road infrastructure in real time for the first time in Korea. A lot of attention is being paid to the test as it is a rare case in the world that autonomous cars run, communicating with a road in a road
Controversy is growing as Mercedes-Benz Korea and GM Korea have not been responding to the Korean government's request to recall vehicles equipped with "Takata airbags" at risk of putting driver’s lives at risk by exploding abnormally. According to the Ministry of Land, Infrastructure and Transport
Last month, GM Korea sold 8,991 cars in the domestic market and was relegated by Ssangyong Motors for the first time since its foundation. GM Korea failed to sell 9,000 or more cars in Korea in five years and eight months since January 2012. Moreover, as the equity sale rejection right held by the K
The Monthly sales of Korean carmakers, which have been steadily declining this year compared to last year, have improved significantly over the past month. Thus it is highly anticipated that the prolonged sales slump will be over soon.This is because new cars such as the Grandeur, the Stinger, the G
SsangYong Motor Company, part of the Mahindra Group, announced on October 10 that the company sold a total of 13,168 units last month – 9,465 units in domestic sales and 3,703 in export.SsangYong’s September sales exceeded 13,000 units for the first time this year, up 8.4% from a year earlier. The a
The Korean corporation of Chinese Double Star filed an application to the Korean Ministry of Trade, Industry and Energy to acquire Kumho Tire on August 16."Xingwei Korea, the Korean corporation of Double Star, submitted an application for the takeover of Kumho Tire in the morning of August 16,” said
Domestic auto sales rebounded in July after five months. Exports also turned to growth again from a decline a month earlier.According to the Ministry of Commerce, Industry and Energy (MOCIE) announced on July 10, domestic sales of automobiles rose 8.1% year on year to 149,914 in the same period. The
Before the court’s first verdict of an ordinary wage lawsuit against Kia Motors, Korean automakers said, "If labor cost burden increases due to ordinary wages, we have no choice but to consider moving our production base overseas."“If the verdict compels Kia Motors to additionally pay about three tr
Hyundai Motor Company union members decided to go on partial strike soon. Kia Motors union members take a vote on August 8.The Hyundai Motor Group’s production activities will be temporarily stopped for the sixth consecutive year once the two unions go on strike this year. This is quite contrary to
It has been found that South Korean automakers sold a total of 625,415 cars at home and abroad last month, down 3.1% from a year ago. The domestic sales volume increased 7.8% to 130,614 whereas the exports fell 5.7% to 494,801.In the South Korean market, Hyundai Motor Company boosted its sales volum
SsangYong Motor Company, part of the Mahindra Group, on July 28 announced that the company has sold 70,345 units, posting revenue of 1.691 trillion (US$1.522 billion), operating loss of 22.1 billion won (US$19.8 million), and net loss of 17.9 billion won (US16.1 million), respectively, in the first
Ssangyong Motors announced on July 27 that the company wrapped up a wage negotiation for 2017 without any disputes for the first time in the Korean automobile industry.Ssangyong Motors said that 67% of its labor union members voted in favor of a tentative collective bargain agreement, approving the
Kumho Tire’s trade union, subcontractors and partner companies united to prevent the sale of Kumho Tires to Double Star. They also said that although Kumho Asiana Group chairman Park Sam-koo's poor management is a problem and is to blame, they will prevent Kumho Tie from being sold abroad, which wil
Being aware of the current crisis, Korean automakers’ notoriously hard-line labor unions, which are preparing to strike, have decided to focus on pushing for negotiations with their companies.The labor unions of Hyundai Motor and its smaller affiliate Kia Motors as well as GM Korea have unusually ch
Imported car and domestic car brands accomplished conflicting results in the domestic car market.According to the Korea Automobile Importers & Distributors Association (KAIDA) on July 6, the number of newly registered foreign vehicles rose to 118,152 in the first half of this year, up 1.2 percent fr
SsangYong Motor Company (CEO Choi Johng-sik; www.smotor.com), part of the Mahindra Group, announced on July 3 that the company sold a total of 12,697 units last month – 10,535 units at home and 2,162 abroad.In June, SsangYong recorded highest ever monthly domestic sales this year helped by the popul
It has been found that Korean automakers sold 139,842 cars in the nation and 551,841 cars abroad last month. The figures decreased by 13.2% and 14.4% from a year ago, respectively. The former has to do with the high sales volume recorded in June last year based on the cut in special excise tax that
Ssangyong Motors announced on June 21 that the automaker began to raise its brand awareness by holding a racing event with the Ssangyong brand in Europe.Ssangyong Motors has been holding its first season since launching the Ssangyong Rally Cross Cup (SRX Cup) at the Belgian Rally Cross Championship
Ssangyong E&C announced that the global builder’s Bedok Mall and Residences Project won the Construction Excellence Award in the commercial and mixed-use development category at the 2017 BCA Awards ceremony on June 13.As a result, Ssangyong E&C will continue its record of winning the BCA Awards for
Automakers in Korea expressed their concerns over the government’s plan to turn temporary workers into permanent workers, claiming that the plan will have a negative effect on the flexibility of the local labor market.At present, temporary workers account for 15% to 20% of their total employees. Acc