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Kwak Jea-sun, chairman of KG Group, speaks at a press conference in Yeouido, western Seoul, on June 9.

KG eyes global used-car market through K Car acquisition

KG Group's subsidiary inked an agreement to acquire roughly 72.2 percent of K Car, the country's largest secondhand car platform by number of directly operated outlets, and the company plans to boost exports of Korean vehicles to overseas markets.

2026.6.9

VCHA KG's claims are 'false and exaggerated,' says JYP USA

VCHA member KG's claims are "false and exaggerated," JYP USA said Monday, refuting the singer's argument that JYP Entertainment abused and mistreated VCHA members.

2024.12.9

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Hwang Ki-young, the new co-CEO of KG Mobility [KG MOBILITY]

KG Mobility appoints veterans in global sales, production as co-CEOs

The embattled automaker has named two co-CEOs to build stable management and sustainability.

2024.5.13

The Torres EVX being made at KG Mobility's plant in Pyeongtaek, Gyeonggi, on Tuesday [KG MOBILITY]

KG Mobility aims for efficiency with mixed-model assembly

KG Mobility’s mixed-model assembly line allows the company to make EVs and gasoline-powered vehicles on the same line. It is the company's latest bet to boost profitability after it made profits last year for the first time in 16 years.

2024.4.24

Hanwoo, or Korean beef, is on display at a livestock market in Majang-dong, eastern Seoul on Wednesday. Average wholesale prices for the beef have rose over 10 percent within a week, after reports of the lumpy skin disease outbreak among cattle came to light. It was sold at an average wholesale price of 20,053 won ($14.85) per kilogram on Tuesday, a 13.1 percent increase from last week's price of 1,7230 won per kilogram, according to livestock retail data from the Korea Institute for Animal Products Quality Evaluation. [YONHAP]

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Average wholesale prices for Hanwoo have rose over 10 percent within a week, after reports of the lumpy skin disease outbreak among cattle came to light.

2023.10.25

KG Mobility's Torres EVX, the electric version of the Torres SUV [KG MOBILITY]

KG Mobility launches all-electric Torres EVX

The Torres EVX has up to 204 horsepower, up 22 percent compared to the gasoline-powered Torres. Its maximum torque stands at 34 kilograms-meter (173.6 pound-foot), up 21 percent.

2023.9.20

EV version of Torres SUV to debut in September

KG Mobility's all-electric Torres EVX SUV will make its Korean debut in September.

2023.7.31

KG Mobility Chairman Kwak Jea-sun, second from left, and Nguyen Huu Luan, third from left, chairman of FUTA Group, pose after signing a licensing deal on March 30.[KG MOBILITY]

KG Mobility signs licensing deal with Vietnam's Kim Long Motors

KG Mobility inked a licensing deal with Vietnam's Kim Long Motors to expand its reach in the Southeast Asian market.

2023.3.31

Torres SUVs are on the road. [SSANGYONG MOTOR]

SsangYong Motor records losses last year but at sharply reduced rate

SsangYong Motor continued to bleed red ink last year, but at a sharply reduced rate helped by increased sales of its latest Torres SUV.

2023.2.21

SsangYong Motor Chairman Kwak Jea-sun announces the automaker's name change to KG Mobility during an event hosted by the Korea Automobile Journalists Association Wednesday evening. [YONHAP]

SsangYong Motor hopes for a big comeback as KG Mobility

SsangYong Motor is seeking to change its name to KG Mobility, the company's first name change in 35 years, as it aims for a for a fresh start after a long slump.

2022.12.22