SEOUL• BUSAN, Feb. 12 (Korea Bizwire) — Renault Korea said Thursday that its Busan manufacturing plant has surpassed 4 million vehicles in cumulative production, marking a milestone 26 years after Renault Group acquired the facility from Samsung Motors in 2000. Of the total output, approximately 2.2 million vehicles were sold domestically and 1.8 million exported, underscoring [...]
SEOUL, Feb. 3 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Tuesday it aims to produce 500,000 vehicles this year to meet growing overseas demand, particularly from the United States. The target represents an 8.5 percent increase from its output of 460,826 units last year amid renewed speculation [...]
SEOUL, Jan. 9 (Korea Bizwire) — Registrations of diesel vehicles in South Korea fell below 100,000 for the first time last year, underscoring the rapid retreat of a powertrain that once dominated the market as the country accelerates its shift toward low-carbon transportation. According to data released Wednesday by Kaiz You Data Research Institute, a total [...]
SEOUL, Jan. 4 (Korea Bizwire) — Genesis, the luxury marque spun off from South Korea’s Hyundai Motor Group a decade ago, has passed a global sales milestone, underscoring its steady ascent in the fiercely competitive premium auto market. The brand’s cumulative sales reached 1.51 million vehicles as of November, according to data released Sunday by Hyundai [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics is deepening its long-running partnership with BMW by expanding cooperation from batteries and displays into automotive semiconductors, underscoring Chairman Lee Jae-yong’s push to position vehicle electronics as a core growth engine for the group. Under the latest agreement, Samsung will supply its in-house automotive processor, Exynos Auto, for [...]
SEOUL, Dec. 26 (Korea Bizwire) — KG Mobility Corp., a South Korean carmaker, on Friday unveiled the all-new Musso pickup model in the domestic market as it seeks to strengthen the Musso pickup brand. The new Musso, developed under the project name Q300, has been added to the existing lineup, which includes the Musso Sports [...]
SEOUL, Dec. 15 (Korea Bizwire) — GM Korea said Monday it will invest $300 million to bolster its South Korean operations, a move aimed at easing concerns that the Detroit automaker could scale back production in the country amid shifting U.S. trade policies. The announcement was made at the company’s 2026 Business Strategy Conference in [...]
SEOUL, Dec. 1 (Korea Bizwire) — Tesla is accelerating its push into South Korea, leveraging lower-cost China-made vehicles and a new supervised version of its Full Self-Driving system to rapidly expand its presence in one of the world’s most competitive electric-vehicle markets. Tesla Korea sold 47,941 vehicles from January through October, up 61.1 percent from a [...]
SEOUL, Dec. 1 (Korea Bizwire) — Global automakers, led by Hyundai Motor, are deepening their push into gaming as they look to strengthen engagement with younger consumers and broaden their digital reach. Hyundai said on Sunday that its collaboration with the mobile racing game “Asphalt 9: Legends” won the Gold Award in the “Digital Experience: Automotive” [...]
SEOUL, Nov. 24 (Korea Bizwire) — Genesis, the luxury marque of Hyundai Motor Group, has been named the “Best Luxury Brand” by U.S. News & World Report, the company said Sunday, marking a major milestone as it continues to elevate its global profile. The recognition comes as the American media outlet announced winners across six categories—luxury, [...]