Kim A-sa

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Elderly Now Keener on Cars Than Young People

Dec 14, 2023 | english.chosun.com | Kim A-sa

Elderly Koreans bought more cars than those in their 30s for the first time this year as demographics and their values shift. Over-65s bought 247,407 cars in the first 11 months of this year, while those in their 30s bought only 205,040. This is partly due to an aging population and the shrinking young population due to a persistently low birthrate.
Korea Improves Electric-Car Infrastructure

Dec 10, 2023 | english.chosun.com | Kim A-sa

Korea has dramatically improved its readiness for the transition to electric vehicles. It jumped 10 places to become the eighth-most EV-ready country out of 40 countries in rankings by global market researcher Euromonitor International last week. Korea scored 60 points overall in the annual Electric Vehicle Readiness Index in four categories -- EV market maturity, infrastructure maturity, cost of ownership and consumer spending power.
Kia EV9 Garners Rave Reviews Overseas

Dec 3, 2023 | english.chosun.com | Kim A-sa

Kia's large electric SUV, the EV9, is getting rave reviews in overseas markets although it has been struggling with sluggish sales in Korea. The EV9 won Denmark's Car of the Year Innovation Award by the Association of Danish Motor Journalists, which said it is Kia's finest car in all areas including design, technology, quality and performance. The vehicle was also named the Car of the Year by Spanish daily La Vanguardia.
Hyundai Chief Picked as Auto Industry Leader of the Year

Nov 27, 2023 | english.chosun.com | Kim A-sa

Hyundai chairman Chung Eui-sun has been picked as industry leader of the year by U.S. magazine Automotive News. Each year, the venerable car magazine selects around 30 "All-Stars" in the global car industry and one of them is crowned "Industry Leader."Past picks include Sergio Marchionne, who led Fiat Chrysler, Mary Barra, the CEO of General Motors, and Ford chairman Bill Ford.
Hyundai to Bring Back LPG Pickup Truck

Nov 22, 2023 | english.chosun.com | Kim A-sa

Hyundai is set to bring back the LPG version of its Porter pickup truck after a hiatus of about 20 years. The revival comes ahead of an impending restriction on registering diesel trucks for delivery use, effective from January of next year. Replacing the discontinued 2003 version, the new model boasts enhanced performance and features. Its engine features a 24-horsepower increase over its diesel counterpart.
Kia to Hire 300 Production Workers

Nov 20, 2023 | english.chosun.com | Kim A-sa

Automaker Kia plans to hire 300 assembly-line workers. Production jobs at Kia are dream jobs for young Koreans due to high wages and ample benefits. Kia announced the hiring plan on its website on Monday. Anyone with a minimum high school diploma can apply until next Wednesday, and the successful applicants will start work in February at the automaker's plants in Hwaseong, Gwangju, and Gwangmyeong in Gyeonggi Province.
Long Waiting Times for Hyundai, Kia Buyers Ease

Nov 16, 2023 | english.chosun.com | Kim A-sa

Hyundai and affiliate Kia are now able to deliver new cars faster to their customers as demand weakens amid economic difficulties. Until last year, customers had to wait more than a year to have their new cars delivered, but most of the 2.2 million-car backlog has been delivered now, while soaring interest rates and a slow economy have thinned out the queues.
BMW Top Importer as Mercedes' Luxury Image Fades

Oct 30, 2023 | english.chosun.com | Kim A-sa

BMW took back the lead from Mercedes-Benz in sales of imported cars in Korea over the first nine months of this year. The two German automakers have been playing musical chairs with the top spot in Korea since their sales here surpassed 10,000 vehicles in 2010. BMW sold 56,535 cars here from January to September ahead of Mercedes-Benz's 54,353 on the strength of its flagship 5 Series.
Kia Trades Big Pay Rise for Scrapping of Hereditary Employment

Oct 18, 2023 | english.chosun.com | Kim A-sa

Kia reached a tentative agreement with its labor union on Wednesday guaranteeing a huge pay raise in exchange for scrapping a clause in employment contracts that assures the children of long-term staff of jobs at the carmaker. But the union retained another clause binding Kia to hire the children of workers who die while employed by the automaker. The decision reflects a Supreme Court ruling in 2020 that said it is legal to offer jobs to children of a worker who dies in an accident at work.
Kia Embraces Trend to Smaller, Cheaper Electric Cars

Oct 13, 2023 | english.chosun.com | Kim A-sa

Kia wants to make electric vehicles more popular by embracing the global trend toward smaller, cheaper cars. The automaker on Thursday unveiled three new concept EVs -- the midsize EV5 SUV and compact EV3 SUV and EV4 sedan. All are smaller and cheaper than the giant EV9 SUV that has flopped, costing between W20 million and W40 million after subsidies when they become available in a couple of years (US$1=W1,339).