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Articles by Chow Dong-hoon
Maeil Business Newspaper Korea's No. 1 Economic Media
Volvo Korea launched its next-generation pure electric flagship sedan ES90 on the 22nd and started targeting the domestic market. The launch price of the ES90 that will be released this time starts at 72.94 million won and is more than 50 million won lower than that of major global markets. Volvo is introducing an unconventional price policy.
Maeil Business Newspaper Korea's No. 1 Economic Media
Heart-to-heart (夏鬪) war clouds are growing in the finished car industry. Labor-management conflicts are escalating as Hyundai Motor Co. and Hyundai Mobis Co. went on a partial strike this week. As GM Korea and Renault Korea are also in the process of industrial action, concerns over a strike are growing across the finished car industry.
Maeil Business Newspaper Korea's No. 1 Economic Media
Busan Production Global Supply Global Market Launch in September Korea Polestar North Korea Regulatory Response Strategy for the First Domestic Sales The Swedish electric vehicle brand Polestar 4 SUV produced at its Busan plant will also be sold in the domestic market next year. Domestic Polestar electric vehicles, which were only produced for export to North America, will be sold to domestic consumers for the first time.
Maeil Business Newspaper Korea's No. 1 Economic Media
GMR-001 Hypercar #19 Vehicle Crossing the 24-Hour Final Line in Le Mans. Hyundai Motor Group Hyundai Motor Group became the first Korean brand to complete the Le Mans 24-hour hypercar class at the La Sart circuit in France in June, marking a new milestone in domestic motorsports. It has been 557 days since Genesis officially announced its participation in the World Endurance Championship (WEC) Hypercar Class in December 2024. This completion means more than just finishing the race to the end.
Maeil Business Newspaper Korea's No. 1 Economic Media
KG Mobility 'New Torres'. KG Mobility "New Torres," launched by KG Mobility (KGM) in May, is a partial change model that actively reflects consumers' actual use experiences and improves product completion. The New Torres is a leading sport utility vehicle (SUV) that has led to the resurgence of KGM since it was first launched in 2022. Rather than significantly changing the design, the partial change focused on improving the inconveniences that customers raised in the actual operation process.
Maeil Business Newspaper Korea's No. 1 Economic Media
Model 3 will raise up to 7 million won Tesla New Model Y [Tesla Korea] Tesla Korea raised prices of its flagship electric vehicle Model 3 and Model Y on the 1st. Controversy is growing that the government has absorbed the subsidy effect with price hikes since the first day of the government's subsidy for electric vehicles in the second half of the year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Tesla Korea has raised the prices of its flagship Model 3 (photo) and Model Y on the 1st. Controversy is growing that the government has absorbed the subsidy effect with price hikes since the first day of the government's subsidy for electric vehicles in the second half of the year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai Motor Co. accepted a sluggish report card in the first half of this year, with domestic sales falling 10.8% from the same period last year. Amid the growing offensive of imported electric vehicles with price competitiveness and technology, Hyundai Motor is expected to make every effort to rebound in the second half of the year by taking advantage of the effects of new cars and reorganizing its sales strategy.
Maeil Business Newspaper Korea's No. 1 Economic Media
Model 3 Up to KRW 7 Million ↑ Model Y is also up to KRW 3 Million ↑ Subsidy Effect Controversy Consumer Criticism Spreads Tesla Korea raised the price of its flagship electric vehicle Model 3 and Model Y on July 1. Controversy is growing that the government has absorbed the subsidy effect with price hikes since the first day of the government's subsidy for electric vehicles in the second half of the year.
Maeil Business Newspaper Korea's No. 1 Economic Media
The New BMW iX3. BMW Korea BMW Korea launched the next-generation electric sports utility vehicle (SUV) "The New BMW iX3" in Korea on the 18th, marking the beginning of the Neuer Classe era. The New BMW iX3, which was tested at the BMW Driving Center in Yeongjong-do, Incheon, was a model that showed a turning point in BMW's electrification strategy beyond simple new cars.
Maeil Business Newspaper Korea's No. 1 Economic Media
Lincoln Nautilus Hybrid. FL Auto Korea The Lincoln Nautilus Hybrid (HEV) is a car that has completely reversed existing perceptions of U.S. cars. At one point, the U.S. car was recognized in the domestic market as a vehicle with a large body, a linear driving sense, somewhat low fuel economy and quietness. Although it was a strength of ample space and comfort, it was evaluated that it was regrettable compared to German and Japanese brands in terms of detailed driving texture and efficiency.
Maeil Business Newspaper Korea's No. 1 Economic Media
Choo Dong-hoon, a reporter for the Ministry of Industry The greatest amount of uncertainty in business management. Companies make investment and employment plans based on a predictable institutional environment while responding to market changes, competition, and technological innovation. However, Korea's recent labor policy and the judgment of labor disputes have raised concerns that uncertainty is growing.
Maeil Business Newspaper Korea's No. 1 Economic Media
Ahead of the European Union's imposition of anti-dumping tariffs on tires for Chinese cars and light trucks, the domestic tire industry has accelerated local production expansion and supply chain reorganization. According to the tire industry on the 17th, Nexen Tire will reduce the share of Chinese goods in Europe from about 15% last year to about 4% this year. The volume from Chinese factories to Europe has also been reduced from about 3 million to 600,000 per year.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai Motor and Kia are close to accumulating sales of 1.5 million units in the U.S., the world's largest strategic market, with sports utility vehicles (SUVs) and leisure vehicles (RVs) such as minivans. According to the automobile industry on the 16th, Hyundai Motor Group's cumulative sales of hybrid vehicles (HEVs) in the U.S. stood at 1.487 million as of the end of May. It is likely to surpass 1.5 million units accumulated this month.
Maeil Business Newspaper Korea's No. 1 Economic Media
Let's see the future mobility technology Renault Korea will participate in Asia's largest technology and start-up event and unveil future mobility innovation strategies. Renault Korea announced on the 16th that it will set up a large booth at 'Nextrise 2026' to be held at COEX in Gangnam, Seoul from the 18th to the 19th. Under the concept of "Mobility Symphony," the company plans to introduce future mobility technologies and open innovation integration experiences.
Maeil Business Newspaper Korea's No. 1 Economic Media
·Sales of KRW 49 million with Toyota Connect Toyota Korea will officially launch "All New RAV4" on the 16th and start selling it at Toyota's official dealer exhibition halls nationwide. Toyota Korea is Incheon Farada in Hyatt Regency, Yeongjong-do, IncheonAt a public event held in Iscity, the new sport utility vehicle (SUV) "All New RAV4" was introduced.
Maeil Business Newspaper Korea's No. 1 Economic Media
CEO Lee Yong-bae and other executives bought 1.6 billion won Hyundai Rotem announced on the 12th that 37 executives, including President Lee Yong-bae, purchased shares of the company. The company's 8,683 shares purchased by executives this time are worth 1.6 billion won. They used personal funds to buy them voluntarily.
Maeil Business Newspaper Korea's No. 1 Economic Media
Ttukseomseo Experience Event, U.S. Host City Booth Operation Hyundai Motor's Fandom Strengthening, Kia, and Ford Giveaway Exhibition Hyundai Motor will hold a civic participation event using the character "Rerr" to enjoy the 2026 North American World Cup at Hangang Plea in Seoul's Ttukseom Hangang Park for six days from the 12th to the 14th and the 26th to the 28th.
Maeil Business Newspaper Korea's No. 1 Economic Media
Only award in tire industry Donates 614 sheets of hematopoiesis Koo Bon-hyung, head of Nexen Tire's management support division (right), and Mein-hwan, head of Hanmaeum Blood Center's blood management division, are taking commemorative photos with a plaque commemorating the commendation of the Minister of Health and Welfare.
Maeil Business Newspaper Korea's No. 1 Economic Media
The 2027 model will be released and some trim prices will be reduced by KRW 1.6 million to KRW 55.25 million including 稅 benefits Hyundai Motor's Ioniq 5. [Photo = Hyundai Motor Company] Hyundai Motor Company released the "2027 Ioniq 5," a model that reorganized the overall trim composition and strengthened price competitiveness on the 9th. Hyundai reorganized the 2027 Ioniq 5's long-range model into five trims: E-Lite, Modern, Premium, Inspiration, and N-Line.
Maeil Business Newspaper Korea's No. 1 Economic Media
Hyundai Motor Company released the "2027 Ioniq 5," a model that reorganized the overall trim composition and strengthened price competitiveness on the 9th. Hyundai reorganized the 2027 Ioniq 5's long-range model into five trims: E-Lite, Modern, Premium, Inspiration, and N-Line. The standard model is integrated into an E-Value+ single trim. Modern Trim lowered its sales price by 1.6 million won by optimizing some of the existing exclusive trim specifications.
Maeil Business Newspaper Korea's No. 1 Economic Media
6 Listed Companies 5 Year Shareholder Return Commitment "Aim to Resolve Undervaluation" Growth Roadmap Revealed KG Group Chairman Kwak Jae-sun announced on the 9th that he will return 50% of the net profit of the six listed companies in the group to shareholders over the next five years. The move is aimed at resolving the controversy over the undervaluation of stock prices compared to corporate value and restoring shareholder trust.
Maeil Business Newspaper Korea's No. 1 Economic Media
The domestic light and small car market is growing its presence again amid high oil prices and economic slowdown. With Kia launching its model "The 2027 Morning," the "small car" market is rebounding as sales of small cars such as Hyundai Motor's Casper, Kona, Kia Ray, and Seltos have also increased. BYD, a Chinese electric vehicle company, is speeding up its efforts to tap into the market with its small electric vehicle "Dolphin" worth 20 million won.
Maeil Business Newspaper Korea's No. 1 Economic Media
Polestar 4 is a premium electric sport utility vehicle (SUV) with strong driving performance, safety, and quietness. Polestar 4 has a coupe-type design that combines Volvo-based safety technology with a high-performance electrification system. It increases its presence in the premium electric vehicle market by putting forward design, driving sense, and indoor completeness as strengths. A coupe-type loop line was applied to the low-look, long-body ratio.
Maeil Business Newspaper Korea's No. 1 Economic Media
Mercedes-Maybach S-Class. Benz Korea The movie 'The Devil Wears Prada' In '2', Mercedes' flagship premium sedan Maybach S-Class model appears. The Maybach S-Class is the exclusive vehicle of Miranda Presley, the cool-headed editor-in-chief of the movie, and it symbolizes high fashion, authority, and understated luxury. The Maybach S-Class 680 model, which was tested by a reporter, was a car that spoke of quietness, detail, and restrained presence. The true value was also revealed in the back seat.
Maeil Business Newspaper Korea's No. 1 Economic Media
The New Grandeur. Hyundai Motor Company Manufacturers of finished and imported cars are targeting the market with various facelift models. This year's partial change models seem to have made changes to the level of generational change by applying next-generation digital systems and electrification technologies beyond simple exterior trimming. Hyundai Motor's "The New Grandeur" is the first model that attracts market attention.
Maeil Business Newspaper Korea's No. 1 Economic Media
KG Mobility Authentic SUV 'KGM New Torres'. KGM KG Mobility (KGM) announced on the 20th that it will launch 'KGM New Torres', an authentic sports utility vehicle (SUV), and enter into a main contract. KGM has started to strengthen its competitiveness in the SUV lineup by introducing a partial change model that has improved marketability for the first time in about four years. New Torres is a model based on Torres launched in 2022 that improves powertrain performance and convenience specifications.
Maeil Business Newspaper Korea's No. 1 Economic Media
U.S. Battery Plant Asset Sales Securing Liquidity in earnest Reflecting the Impact of the Slowdown in Electric Vehicles Plant Operations Maintains Leases LG Energy Solution announced on the 26th that it has completed the disposal of L-H Battery Company's U.S. battery factory building assets for KRW 3.741 trillion, a joint venture with Japanese carmaker Honda.
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Lotte Chemical's withdrawal from its core production plant, which has been a good son for decades, r..
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Hyosung Heavy Industries became the first Korean heavy electric equipment company to achieve 10 tril..
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SK E&S, which merged with SK Innovation, made a revamp on the 27th to replace 20% of its executi..
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