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Electric poles to be used as EV charging stations South Korea's state-controlled power company unveiled the creative idea Wednesday of using some 30,000 concrete electric poles to set up handy charging stations for electric vehicles. This would be the world's first attempt to use electric poles as electric vehicle (EV) chargers, Korea Electric Power Corp. (KEPCO) said, adding its project would drastically reduce installation costs. For a trial operation, KEPCO plans to install EV chargers in the southern city July 20, 2016
Hyundai Motor workers stage partial strike Hyundai Motor workers leave their factory early after staging a partial walkout in Ulsan. Workers at South Korea's largest carmaker Hyundai Motor launched a four-hour strike Tuesday after the company refused to accept demands for a wage increase, bigger bonus payment and other benefits. Hyundai Motor's 43,700 union members have endorsed a four-day partial walkout and no extra work. The company estimated Monday's partial strike would cost about 40 billion won (3 July 19, 2016
Samsung Electronics to buy BYD shares worth $450 mln: report Samsung Electronics, the world's top smartphone maker, has agreed to buy new shares worth three billion yuan (450 million US dollars) in China's electric vehicle and battery maker, BYD, a report said Friday. Samsung's investment was seen as a bid to strengthen strategic cooperation with the world's largest electric carmaker, Yonhap News agency reported, citing investment bank sources. Samsung Electronics, the flagship of South Korea's largest c July 15, 2016
Police round up more than 70 for dangerous street racing More than 70 people including doctors and accountants have been rounded up for habitual street racing on highways with McLaren, BMW M6 and other high-performance foreign cars, police said Thursday. The metropolitan police agency said five were officially arrested with 68 others booked without detention on charges of violating a traffic law. They were accused of being engaged in unsanctioned car racing on uncrowded highways on the outskirts of Seoul after midnight. Police seized July 14, 2016
[UPDATES] Hyundai Motor workers vote for strike Workers at South Korea's largest carmaker Hyundai Motor voted for a strike after the company refused to accept demands for a wage increase, bigger bonus payment and other benefits. The proposed strike won 85 percent of votes cast by Hyundai Motor's 43,700 union members Wednesday. Union leaders called for a four-day partial walkout and no extra work from July 19. The workers will also stage a joint street rally with Hyundai shipyard workers on July 20 in the southe July 14, 2016
Registration of Volkswagen cars cancelled for cheating in South Korea South Korea took harsh administrative actions Tuesday against German auto giant Volkswagen for faking emissions tests, cancelling the registration of tens of thousands of cars. The Environment Ministry said an official notification of its administrative actions has been sent to the South Korean branch of Audi Volkswagen, cancelling the registration of 79 variants of its 32 car types sold in South Korean since 2007. After a hearing on July 22, the order will be fina July 12, 2016
Kia Motors launches '2017 K5' and 'K5 PHEV' Kia K5 GT-Line Kia Motors launched new models for 'K5', the company's best-selling midsized sedan. The new K5s feature new designs and installments, such as new transmission and latest tech gadgets to provide a fully enjoyable driving experience. The country's second-largest carmaker held a media event at Interwired Studio in Seoul's Gangnam district Tuesday and introduced a lineup of "2017 K5" and "K5 PHEV". Also, Kia unvei July 12, 2016
South Korea's auto sales up 11 pct in first half: Yonhap Auto sales in South Korea surged 10.9 percent in the first half of this year from a year earlier, industry data showed Friday, an increase that could be attributable to a temporary tax cut on cars. The combined sales of five automakers operating in South Korea came to 812,265 units in the January-June period, higher than the 732,688 units tallied a year earlier, according to the data provided by each company. The five are Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Rena July 1, 2016
Volkswagen Korea executive arrested over emissions scandal An executive of Volkswagen's unit in South Korea was arrested Friday in a probe into the German auto giant which has been accused of faking emissions tests. Prosecutors said the executive surnamed Yoon, 52, was arrested on charges including forging reports on emissions results, noise levels and fuel efficiency. He was also accused of importing 461 cars without getting proper certification. Yoon was the first Volkswagen Korea official to be charged in an inv June 24, 2016
Nissan ordered to recall Qashqai compact cars sold in South Korea Japan's Nissan Motor has been ordered to recall a compact diesel model of its vehicles sold in South Korea for manipulating emissions tests, South Korea's environment ministry said Tuesday. The ministry banned sales of Nissan's Qashqai compact crossover and slapped a fine of 340 million won (292,010 US dollars) for using a defeat device to lie on emissions results. Nissan's local unit was ordered to recall 824 Qashqai cars sold in South Korea from N June 7, 2016