SsangYong Motor Co., part of India’s Mahindra Group, announced on March 4 that the company sold a total of 9,841 units in February 2019 -- 7,579 units in domestic sales and 2,262 in exports.SsangYong’s February sales rose 8.3 percent over the same month last year, showing an uptrend at home and abro
Hyundai Motor's luxury brand Genesis placed second in a U.S. brand ranking for passenger cars, surpassing Porsche, Audi and BMW.The Genesis earned 80 points out of 100 to rank second in the Brand Report Card for 2019, which was published by Consumer Reports of the Consumer Federation of America.
The Incheon Metropolitan City is one of the most dynamic cities in Korea. In 2017, its population surpassed 3 million and its gross regional domestic product (GDRP) ranked second among the nation's seven special and metropolitan cities. It beat Busan, the nation's second biggest city with a
Hyundai Motor has reached a provisional settlement in a class action suit filed by U.S. consumers to get compensation for damage from shattered panoramic sunroofs.These customers filed a class action lawsuit with the Federal District Court in Central California, the United States in December 2015, c
Renault Group of France and General Motors (GM) of the United States may not renew a consignment contract with their Korean subsidiaries for the production of a new model due to their high costs and low efficiency. Yet the labor unions of Renault Samsung and GM Korea are playing hardball, demanding
SsangYong Motor announced on Feb. 1 that it sold a total of 11,420 cars in January of 2019 -- 8,787 cars at home and 2,633 cars abroad, including those produced through the complete knock down (CKD) systems.The figure represented a 11.9 percent increase year on year. It is the first time in five yea
Nexen Tire announced on Jan. 21 that its Roadian MTX has won the “Good Design” award in the transportation category at the U.S. Good Design Awards.Good Design awards are presented annually by the Chicago Athenaeum Museum of Architecture in cooperation with the European Centre for Architecture, Art,
SsangYong Motor has decided to increase capital by 50 billion won (US$44.5 million) by issuing new shares to its majority shareholder, Mahindra & Mahindra Ltd. of India.The automaker will issue 11.89 million new shares, which represent 8.6 percent of the total number of shares issued before the capi
The South Korean government is planning to develop a prototype of a wearable “bionic arm” that can move and feel according to the user’s intention within this year.A bionic arm is modeled after human skins, muscles, skeletons and joints. The government plans to complete the development of a prototyp
Hyundai-Kia Automotive Group has set their global sales target at 7.6 million units this year, slightly higher than that of last year. As uncertainties such as global trade disputes persist, the automotive group set its sales goal as conservatively as possible, hoping for an earnings improvement com
SsangYong Motor Co., part of Mahindra Group of India, announced on Jan. 2 that it sold a total of 143,309 vehicles in 2018 – 109,140 units in domestic sales and 34,169 in exports including CKD kits.In 2018, SsangYong showed a similar sales performance to 2017, recording a growth for nine consecutive
SK Telecom announced on Jan. 1 that it has succeeded in live TV broadcasting using its 5G commercial network and streaming solutions for the first time in the world.The mobile carrier broadcast the New Year's countdown and bell-striking at Bosingak, Jongno-gu, Seoul on the entertainment channel
Samsung Electronics, the pioneer of the smart watch market, may be developing a new product line under the code "pulse."U.S.-based IT media outlet SamMobile reported that the Korean tech giant started developing a new smart watch product line tailored to the physical health (fitness) purpose in Dece
SsangYong Motor announced on Dec. 21 that the G4 Rexton, the company’s new flagship sports utility vehicle (SUV), has been selected as the ‘Premium SUV of the Year’ in India.The selection was made by the world-renowned auto magazine Autocar. An award ceremony was held in Mumbai, India on Dec. 19 (lo
lululab, a member company of the K-ICT Born2Global Centre, wins the CES Innovation Awards in the biotech sector ahead of CES 2019, the world's largest consumer electronics show, to be held in Las Vegas next January.lululab is a spinoff company of C-Lab, Samsung Electronics' in-house venture
The CJ Group announced on Dec. 18 that group chairman Lee Jay-hyun has recently held a global business strategy meeting in Los Angeles, California, and checked out the current state of its global business and medium- and long-term strategies.At the meeting, Lee pointed out the group’s sluggish globa
The Korea Development Bank (KDB) has decided to allow GM Korea to spin off its R&D unit into a separate company.Instead of withdrawing an injunction application filed with the court to suspend the separation of the unit from GM Korea, the KDB agreed with GM to designate the new company as an R&D bas
For Choi Moon-soon, governor of Gangwon Province, 2018 must be a memorable year. In February and March, he hosted the PyeongChang Olympic and Paralympic Winter Games, which significantly enhanced the global recognition of the host city and province. In the June local elections, the governor was re-e
When Kolon Group chairman Lee Woong-yeol announced on Nov. 28 that he would step down from all his posts within the group on Jan. 1 next year, he put his son and heir apparent Lee Kyu-ho to a severe test.The junior Lee, 35, was appointed as chief operating officer of Kolon Industries FnC at the grou
LG Chem will supply 12V low voltage system (LVS) batteries to German automaker BMW. It is not a contract for supplying batteries for electric vehicles, but it is notable that the company has entered the exclusive BMW supply chain. LG Chem is now in a supply relationship with many of global automaker