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Hyundai, Kia’s Eco-friendly Vehicle Sales in U.S. More than Double in Aug.

Hyundai, Kia’s Eco-friendly Vehicle Sales in U.S. More than Double in Aug.

SEOUL, Sept. 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp.’s environment friendly vehicle sales in the United States more than doubled in August compared with a year ago, led by solid demand for their hybrid sport utility vehicles, industry data showed Wednesday. Hyundai and Kia sold a combined 8,312 eco-friendly cars [...]

Korean Firms to Use Gas Stations as Logistics Hubs

Korean Firms to Use Gas Stations as Logistics Hubs

SEOUL, Sept. 17 (Korea Bizwire) — With the expansion of the ‘quick commerce market’, which offers guaranteed delivery within an hour, South Korean firms are employing gas stations as warehouses and logistics hubs. It has become a new alignment of interest between the quick commerce industry that needs logistics hubs in the heart of the [...]

Genesis to Introduce ‘Face Connect’ to Replace Car Keys with Facial Recognition

Genesis to Introduce ‘Face Connect’ to Replace Car Keys with Facial Recognition

SEOUL, Sept. 17 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Co., has completed the development of ‘Face Connect,’ a new technology that uses facial recognition to open or lock vehicles and automatically cater to the driver’s needs. The cutting-edge technology, which will appear first on the Genesis’ GV60 SUV, recognizes the [...]

SKC to Develop Biodegradable Plastic with Limestone

SKC to Develop Biodegradable Plastic with Limestone

SEOUL, Sept. 17 (Korea Bizwire) — SKC Inc., a chemical manufacturing arm of SK Group, is stepping up to develop and commercialize biodegradable LIMEX, which will dramatically cut down the use of plastic. The company said Thursday that it has joined hands with Japanese eco-friendly materials developer TBM Co. to produce SK TBM Geostone. The [...]

Mid-sized Crypto Exchanges Discontinue Korean Won Trading Pairs

Mid-sized Crypto Exchanges Discontinue Korean Won Trading Pairs

SEOUL, Sept. 17 (Korea Bizwire) — Medium-sized cryptocurrency exchanges in South Korea have discontinued trading pairs and payment services using the Korean currency as financial regulators are set to enforce tougher rules, according to market watchers Friday. By next Friday, both foreign and local cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money [...]