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Biz & Tech

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Tue, January 26, 2021 | 20:59

POSCO Int'l provides W1 bil. to Hanmea ADM

POSCO Int'l provides W1 bil. to Hanmea ADM

POSCO International is providing a helping hand towards a car component manufacturing company as part of its corporate citizen initiatives and to help the struggling company recover from losses while providing an enhanced financial structure.

Kim Hyun-bin | 2020-10-07 15:00

GV80 diesel becomes headache for Hyundai Motor

GV80 diesel becomes headache for Hyundai Motor

Hyundai Motor's luxury Genesis GV80 SUV is becoming a headache for the carmaker,as its diesel model has displayed a series of powertrain issues.

Nam Hyun-woo | 2020-10-06 16:40

Carmakers' Sept. sales rise 3.4% on local demand

Korean carmakers' vehicle sales rose 3.4 percent last month from a year earlier as robust domestic demand offset weak overseas sales amid the new coronavirus outbreak, industry data showed Monday.

2020-10-05 21:09

BMW aims to beat Mercedes with new 5 series

BMW aims to beat Mercedes with new 5 series

GWANGJU, Gyeonggi Province - BMW rolled out the sedans of its 5 Series in Korea, in heated competition against Mercedes-Benz for the title of “top-selling import vehicle” in the country.

Nam Hyun-woo | 2020-10-05 16:07

Hyundai Motor Group ranks No. 4 in EV sales through July: report

Hyundai Motor Group ranks No. 4 in EV sales through July: report

Hyundai Motor Group emerged to become the world's fourth-largest player in terms of global sales of electric vehicles (EVs) over the first seven months of 2020, data showed Sunday. South Korea's top automotive group saw its combined sales of electric vehicles advance 25 percent on-year to reach 60,707 over the January-July period, according to the data compiled by the Korea A...

2020-10-04 11:52

Hyundai Motor expands hydrogen biz to Middle East

Hyundai Motor expands hydrogen biz to Middle East

Hyundai Motor is expanding its hydrogen business into the Middle East by exporting its Nexo fuel cell electric vehicles and Elec City fuel cell electric buses to Saudi Arabia, the automaker said Monday.

Baek Byung-yeul | 2020-09-28 16:50

[EXCLUSIVE] Tesla looking to acquire stake in LG

[EXCLUSIVE] Tesla looking to acquire stake in LG

Tesla is looking to acquire a stake in LG Energy Solution, soon to be separated by LG Chem, to procure a stable supply of batteries, bank sector sources told The Korea Times, Monday. “Tesla is looking to acquire a stake in LG Energy Solution. Specifically, Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution,” one source said on condition of ano...

Kim Yoo-chul | 2020-09-28 16:46

Hyundai Motor hires ex-PSA powertrain expert

Hyundai Motor hires ex-PSA powertrain expert

Hyundai Motor Group said Friday it has hired an ex-PSA powertrain expert as it strives to develop next-generation powertrain and electrification technologies.

2020-09-25 17:45

Hanon Systems certified with water-cooled condenser for EV

Hanon Systems certified with water-cooled condenser for EV

Hanon Systems has received a new technology certificate from the industry ministry for its water-cooled condenser designed to manage the heating and cooling of electric vehicles.

Nam Hyun-woo | 2020-09-25 17:42

GM Korea faces growing uncertainties over labor dispute

GM Korea faces growing uncertainties over labor dispute

GM Korea is again facing growing uncertainties over a labor dispute, as its union and management lock horns over wages and allocating new vehicles for assembly at its plant in Incheon.

Nam Hyun-woo | 2020-09-25 17:16

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