Warning: Meet the Worst Accident Scam Artist in the World [Video]

Traffic accidents involving pedestrians are all too common but once in a while, you get your archetypal "please hit me" scam artist that will try anything to get something from you or better yet, your insurance company.

And truth is, unless there's a witness or two around, you'll either waste or have a pretty hard time proving your innocence. On the other hand, if you've installed a dashboard mounted camera on your car, an accident con can turn a nightmare scenario into a rather enjoyable 30 second clip.

Enter the world of the one of the worst fraudsters we've ever seen in action. Period. According to the person that uploaded the video, the incident took place somewhere in Korea. You can watch it right after the break.

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Hyundai and Kia Target 7 Million Sales in 2012

Despite the global economic crisis, Korean automakers Hyundai and Kia have seen a rapid rise in global sales, thanks in part to their value for money offerings but also a new range of models.

As a result of the new sales records and increased demand, the two carmakers that currently form the world's fifth largest automotive group, increased the shifts in some of their plants and reevaluated their 2011 overall target to 6.6 million, up from 6.33 million units in the beginning of the year.

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Kia Sets New U.S. Sales Record, Wants to Focus on Dealer Network Next Year

Among the many “rag to riches” tales that took place in the business world this past decade, is the meteoric rise of the Korean carmakers.

In 2010, Kia sold 356,268 vehicles in the U.S. By September 2011, it had already surpassed that number having made 367,405 deliveries. This marks an increase of 37% compared to the same period last year, and it also means that 2011 will be a record-setting year for the Korean carmaker.

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Formula 1: Loss-making Korean GP to Receive the Axe?

Just two years after entering the Formula 1 calendar, the future of the Korean Grand Prix looks bleak. The organizers are suffering heavy losses, most of which they attribute to the high fees paid to Bernie Ecclestone.

According to ESPN, this year's race that took place last weekend, cost around US$80 million– and the organizers lost US$56 million, which is very close to the fees paid to Ecclestone for the privilege to host a Grand Prix.

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Hyundai Announces New 1.6-liter Turbo Gasoline and Euro6 2.0 Diesel Engines

They have been a long time in the making but the Hyundai Motor Group finally presented its highly anticipated Gamma 1.6 T-GDI petrol and Euro6 R-2.0 diesel engines today.

The presentation was made during ‘The 11thHyundai-Kia International Powertrain Conference’ that takes place on October 19 and 20 at the Rolling Hills Hotel, located near the Hyundai-Kia Motors R&D Center in Korea.

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First Series Production 2012 Chevrolet Malibu Rolls Off the Assembly Line in Korea

South Korea may not be the most important market for the 2012 Chevrolet Malibu, but it is the first country to receive GM's new global mid-size sedan. And today, the very first series production 2012 Malibu rolled off the assembly line at General Motors' Bupyeong plant in Incheon. Read more »

Formula 1: Korean Grand Prix Race Results

With the drivers’ title already decided, the only question before the red lights went off to signal the start of the Korean Grand Prix was whether Red Bull would manage to snag the constructors’ championship as well or if McLaren, the only team with a shot at the title, could keep its (admittedly slim) chances alive for yet another race. Read more »

Video: Why Are Three Kids Riding in the Trunk of a Hyundai Genesis?

Cramming three people inside the trunk of a car sounds like a mafia move, or in a less dramatic scenario, something you world normally expect to see in an impoverished third world country.

Yet the video that follows was allegedly filmed in a bustling city in South Korea. And mind you, we're not talking about a poor-man's mode of transportation but the near luxury Hyundai Genesis sedan (if we're not mistaken, that is).

But the worst thing of all is that it looks like the individuals riding inside the trunk are three young kids. What can you say?

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This is how Ferrari Introduced its New FF GT in South Korea

Premium automakers like Ferrari that sell some of the most expensive automobiles money can buy in this world, have the opportunity to present their cars in ways other makers only dream of.

To mark the beginning of sales of the brand-new FF gran turismo in South Korea, the Italian brand held a unique launch event at the Tree Club & Spa, which a luxurious five-star resort located in downtown Seoul.

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South Korea is the First Market in the World to get New Chevrolet Malibu

The all-new eighth generation Chevrolet Malibu is not only the first in the nameplates' 35-year long history to be offered globally but also the first to launch outside the United States.

On Tuesday, General Motors released the 2013 Chevrolet Malibu in South Korea, which is the first market to receive the mid-size sedan. Local production will begin later this month at GM Korea’s Bupyeong manufacturing plant while sales are scheduled to start on November 1.

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VW Boss Caught on Film Impressed by the Hyundai i30’s Quality, Displeased with his Staff

Up until now, we were used to seeing Japanese and later on, Korean and Chinese executives measuring and taking pictures of every detail of their rivals’ cars at major auto shows.

But now the tables have turned, and in a big way: at the recent Frankfurt Motor Show we saw none other than VW CEO, Martin Winterkorn himself, examine Hyundai’s newest C-segment hatchback, the i30.

And boy was he impressed with the i30’s quality…But at the same time, he seemed to be frustrated by the work his own staff is doing in VW Group models. “I hear nothing!” Winterkorn said about the absence of any rattles while adjusting the steering wheel. “How did they do it?," he continued.

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Report: Hyundai Will Offer 10-Speed Auto Gearbox from 2014

Can you count to 10? Well done, so does Hyundai, and in particular the Korean company’s engineering team responsible for car transmissions. According to a Bloomberg News report, Hyundai Motor Group president Park Seong Hyon said that 10-speed automatic transmissions will become available in the group’s luxury models from 2014.

Only a few years ago, six-speed automatic gearboxes were available only in top-of-the-line cars. Then the gear count started to increase gradually: first at seven, which seemed like a novelty, and quite recently at eight, which most luxury carmakers rushed to adopt.

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Video: Daewoo Driver is Too Fast, Too Furious…Too Dumb

You've met them before – drivers that think that they're better than the rest of us and can do as they wish on the road. But sometimes, they get what's coming to them.

The driver of this silver Daewoo Matiz wanted to bypass everyone on the left turning lane by sprinting across the center and squeezing his/her way in front of the other cars.

But in the driver's fury, he (or she) failed to notice the closed triangle in the middle of the road and as a result, got caught inside. Watch the short clip in the vide below.

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LG Wants to Ban BMW and Audi Sales in South Korea Over LED Feud

Electronics companies are amongst the fiercest rivals when it comes to protecting their patents – even a lioness with her cubs seems like a purring cat in comparison. That’s why in the world of high technology, lawsuits fly left and right, one of the most recent examples being the Apple - Samsung dispute over the their smartphones.

Nevertheless, we were surprised to learn today that LG Electronics and its subsidiary, the component-making LG Innotek Co., filled a lawsuit with a South Korean court seeking to block BMW and Audi from selling their cars in the country.

What is happening is that the two German luxury carmakers have been caught in the middle of a patent war between LG and Osram over LED technologies. LG seeks to stop their the German automakers' vehicles from being sold because they are equipped with Osram lighting systems.

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