Japan has long been the source for well-built, affordable vehicles, but the Koreans are proving to be stiff competition, most recently with the stunning Hyundai Genesis Coupé. Courtesy Hyundai
Japan has long been the source for well-built, affordable vehicles, but the Koreans are proving to be stiff competition, most recently with the stunning Hyundai Genesis Coupé. Courtesy Hyundai

Car industry taking notice of South Korea's quiet campaign



You need only see the previous generation of Kia's Sportage SUV on the road, and compare it with the latest model, to know that something is happening to the cars of South Korea; something very good, indeed.

With both Kia and Hyundai now producing ranges of cars that are modern, nice looking and really well built, the Japanese manufacturers that have always been the default option for people looking for quality automobiles on a realistic budget suddenly seem a bit old hat.

Who saw this coming? Not me, that's for sure.

My awakening came a couple of years ago, while I was still living in the United Kingdom. A sleek red sports coupé rumbled past me and I had no idea what it was. I was pretty sure I recognised the badge on its bonnet, though, but there was no way on earth that what I'd just seen was a Hyundai.

Getting home, I set about searching for this mysterious car on the internet and, sure enough, what I'd seen was a Genesis Coupé. And the reason I hadn't seen one before is that, quite inexplicably, the model isn't available in Britain.

The previous Hyundai Coupés had been really, really unattractive things, but the Genesis I saw got me thinking. If the company could make something that gorgeous to behold, surely some sort of turning point had been reached.

As US rap stars were busy poking fun at Hyundai drivers while extolling the virtues of whatever Bentley or Aston they were using as personal transportation, the South Korean underdog had been quietly going about the business of reinventing itself. And it made me smile seeing that car, because it proved I could still be surprised by something with four wheels and an engine.

It's in stark contrast to the feeling I had when, in the mid-1980s, I saw my first Hyundai. It was owned by a teacher at my school and it actually made me laugh out loud. Looking like it had been designed by accident, in the dark, the Pony was a mess and told the world, or at least my fellow students and his colleagues, that Mr Jones didn't have the first clue about cars. Yes, it was brand new but it was embarrassing.

Hyundai was just starting to break into the UK marketplace at the time, but a 66hp car developed by the person responsible for the horrible Morris Marina was never going to get tongues wagging for the right reasons.

Do you lie awake at night dreaming of a bland box on wheels that takes 16 seconds to reach 100kph? No, but Hyundai did at least offer the opportunity to own a new car for about the same price as a bag of chips, so it became a bit of a hit in cash-strapped northern towns, which were reeling from the UK government's coal mining industry obliteration.

At around the same time, another South Korean car company began to make itself known: Kia. And there were other Korean names coming into the fray (not necessarily car manufacturers), like Samsung, LG, and tyre companies like Hankook and Kumho.

Suddenly the mysterious Koreans were making a name for themselves with cheap but quality goods, providing cost effective alternatives to the establishment.

Both Hyundai and Kia continued to steadily improve their vehicles but there was always the feeling that, if you bought one, you were buying into old technology. Kia's Pride, for instance, was outwardly recognisable as the old Mazda 121 city car - which in itself was never really noteworthy - and, as such the old clichéd remarks were wheeled out time and again. If you bought Korean, you didn't have enough money for something Japanese, never mind European. A social stigma was attached and it looked as though it would never be shaken.

Skoda knows a thing or two about this. No matter how good its cars have become over the years (and they are very good, indeed), there's something wrong with the badge, the name and, hence, the image. Your car is viewed by many as an outward display, a reflection of who you are as an individual; and what others think of your choices in life does matter for most of us. How could Hyundai and Kia get over this hurdle and turn around their fortunes, so they were respected as manufacturers of desirable products, rather than bargain basement fodder?

It was quite simple, really. The two played to their strengths and continued to expand their ranges, appealing to those buyers on strict budgets, and all the while making significant improvements to build quality, reliability and design. Kia did bite off more than it could chew, though, getting too big too soon and, when the Asian economy went through a crisis in 1998, the company went bust. Hyundai seized upon an opportunity and bought Kia, no doubt intending to be the biggest car manufacturer in the world, but that idea was to be short-lived.

The merger was ruled as illegal under South Korea's strict monopoly laws and the government ordered Hyundai to be broken up. Hyundai Motor Group became a separate entity, headed up by Chung Mong-Koo, the son of the company's founder, and Kia became a subsidiary manufacturer, benefiting from cross-sharing platforms just as Volkswagen Group's output has for many years.

Practically every market niche has been plundered by Hyundai and Kia, from city runabouts to sports cars and SUVs, as well as hybrid and electric vehicles. Even the luxury segment has been catered for, with the big Genesis saloon, which took the fight to Lexus and Infiniti. Buoyed on by cheap labour rates and their ability to undercut their rivals when it came to price, but without sacrificing quality for quantity, it's little wonder that the world in general has forgotten about the early days of either company.

But Hyundai and Kia are not the only car companies to emerge from South Korea. Both Daewoo and SsangYong have risen over the years, although they're still some way off replicating the runaway success stories of the two main players. And that's likely to have more to do with design than build quality.

By 2006, Kia had identified design as its "core future growth engine" and, in that year, hired Peter Schreyer as its chief design officer. Schreyer had excellent previous form, having designed the Audi TT, and he'd been on the receiving end of some major design awards. This approach had worked (and continues to work) for Jaguar, who hired Ian Callum as its design chief. The technology under the cars' skins hasn't really advanced much since but, crucially, the design language has given the company a much-needed shot in the arm. Within a year of the XF going on sale, for instance, the average age of a Jaguar buyer had gone down by 10 years. Kia and Hyundai would end up doing exactly the same thing.

An onslaught of new models over the past few years has resulted in a sea change in our attitudes to these companies. Hyundai has been in the headlines in recent times for poaching the former BMW designer, Chris Chapman, to head its design centre in Irvine, California, so the relentless unveiling of cutting-edge shapes appears to have no end in sight. But there's much more to both than funky looks that easily outshine offerings from Toyota, Honda and Nissan. They're actually extremely good to drive, too.

I'll own up now and admit that the first time I ever even sat in a Hyundai was last year. I'd attended the regional launch of the new Azera in Beirut and frankly had been bowled over by the way that car behaved on some extremely challenging roads. The quality of construction was, even on the pre-production models I drove, superb, and the only thing I could find to criticise was the heavy-handed design cues to its interior. For the money, there was practically nothing to touch it and I'm glad to say it has been a deserved success.

My next Hyundai experience was the new Genesis Coupé. More aggressive looking than the model I initially noticed back in the UK, it nevertheless retains most of the design elements that made it a winner in the first place. With bags of grunt from its 3.8L V6, it felt truly alive in my hands, always willing to kick out its rear with the merest provocation before the electronics saved the day. The sense of relief felt that the driving experience matched its looks was palpable and, again, I found myself nitpicking to identify any flaws. These basically boiled down to a lack of head room (rather than leg room) for rear passengers and annoying design details like the two fake air vents in the bonnet and some questionable interior appointments. The torque reserve meter, in particular, smacked of teenagers' fantasy dials gone mad.

But these are mere minor grumbles. The Sonata tested by a colleague was so good that he was seriously tempted to spend his own money on one and other friends of mine who own new Kias have said they wouldn't think about going to anyone else in the future. They're that good.

Would I spend my own money on one, though? Actually yes, I would, and I'm not alone in this. In the Middle East, Hyundai racked up 161,554 sales in the first half of this year - an increase of 13 per cent over the same period last year - and demand appears to be still increasing. The Japanese seem to be floundering in the wake of two South Korean car companies that, just a few years ago, were the laughing stock of the motoring world. But with models on offer that now appeal to the crucial youth market, they've tapped into a rich seam of automotive gold, and winning a great many awards from the worldwide motoring press has done no harm, either.

Just a few days ago, The National reported that the French government had asked the European Union to keep Hyundai "under surveillance, accusing it of dumping on the French market", so it isn't only the Japanese car companies feeling the pinch due to Hyundai's and Kia's irresistability.

Is it game over for Toyota, Honda and Nissan? Not exactly, but in these times of worldwide economic hardship, the fact that you can drive a car that looks cool and isn't a financial headache to run might be enough to sway you when it comes to buying your next one. It's time for the Japanese companies to stop resting on their collective laurels and reassess their approach to the one thing we all notice first: what a car looks like.

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20FinFlx%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20January%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Amr%20Yussif%20(co-founder%20and%20CEO)%2C%20Mattieu%20Capelle%20(co-founder%20and%20CTO)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%20in%3A%3C%2Fstrong%3E%20Dubai%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%241.5m%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Venture%20capital%20-%20Y%20Combinator%2C%20500%20Global%2C%20Dubai%20Future%20District%20Fund%2C%20Fox%20Ventures%2C%20Vector%20Fintech.%20Also%20a%20number%20of%20angel%20investors%3C%2Fp%3E%0A
Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

RESULTS

5pm Maiden (PA) Dh70,000 (Dirt) 1,400m

Winner AF Nashrah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm Maiden (PA) Dh70,000 (D) 1,400m

Winner Mutaqadim, Riccardo Iacopini, Ibrahim Al Hadhrami.

6pm Maiden (PA) Dh70,000 (D) 1,600m

Winner Hameem, Jose Santiago, Abdallah Al Hammadi.

6.30pm Maiden (PA) Dh70,000 (D) 1,600m

Winner AF Almomayaz, Sandro Paiva, Ali Rashid Al Raihe.

7pm Handicap (PA) Dh70,000 (D) 1,800m

Winner Dalil Al Carrere, Fernando Jara, Mohamed Daggash.

7.30pm Handicap (TB) Dh70,000 (D) 1,000m

Winner Lahmoom, Royston Ffrench, Salem bin Ghadayer.

8pm Handicap (PA) Dh70,000 (D) 1,000m

Winner Jayide Al Boraq, Bernardo Pinheiro, Khalifa Al Neyadi.

The specs

Price: From Dh180,000 (estimate)

Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder

Transmission: Eight-speed automatic

Power: 320hp @ 5,700rpm

Torque: 400Nm @ 2,200rpm

Fuel economy, combined: 9.7L / 100km

UAE currency: the story behind the money in your pockets
Votes

Total votes: 1.8 million

Ashraf Ghani: 923,592 votes

Abdullah Abdullah: 720,841 votes 

'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
%3Cp%3E%3Cstrong%3EEdited%20by%3A%3C%2Fstrong%3E%20Idries%20Trevathan%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20240%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Hirmer%20Publishers%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A

Where to buy and try:

Nutritional yeast

DesertCart

Organic Foods & Café

Bulletproof coffee

Wild & The Moon

Amasake

Comptoir 102

DesertCart

Organic Foods & Café

Charcoal drinks and dishes

Various juice bars, including Comptoir 102

Bridgewater Tavern

3 Fils

Jackfruit

Supermarkets across the UAE

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The specs: 2018 Dodge Durango SRT

Price, base / as tested: Dh259,000

Engine: 6.4-litre V8

Power: 475hp @ 6,000rpm

Torque: 640Nm @ 4,300rpm

Transmission: Eight-speed automatic

Fuel consumption, combined: 7.7L / 100km

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.