SEOUL, March 20 (Korea Bizwire) — South Korea’s car exports jumped nearly 50 percent in February on-year to reach an all-time high on the back of solid demand for eco-friendly cars, data showed Monday. The value of outbound shipments of automobiles came to US$5.59 billion last month, up 47.1 percent from a year earlier, according [...]
SEOUL, March 16 (Korea Bizwire) – Five cars from the Hyundai Motor Group have been named the best cars for families by an American media outlet. According to the list of the 2023 best cars for families evaluated in nine categories by the U.S. News & World Report, Hyundai Motor Co.’s Santa Fe and Tucson [...]
SEOUL, March 16 (Korea Bizwire) — The Ministry of Employment and Labor on Wednesday signed a business agreement with Hyundai Motor Co. and its affiliated car repair service provider Bluehands to systematically train repair and maintenance workers for eco-friendly vehicles. The signatories will promote cooperation in various areas, including a survey on demand for eco-friendly [...]
SEOUL, March 15 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, unveiled the design of the all-electric EV9 SUV on Wednesday ahead of its domestic launch during the first half of this year. The EV9 SUV has been developed under Kia’s new design philosophy, “Opposites United,” which embodies its shifting focus toward [...]
SEOUL, March 14 (Korea Bizwire) – Volvo Cars said Tuesday it is targeting a 20 percent on-year sales growth in South Korea this year helped by electric models and investments in local aftersales facilities. The Sweden-based carmaker sold a total of 14,431 vehicles in Asia’s fourth-biggest economy in 2022, down 4 percent from 15,053 units [...]
SEOUL, March 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Monday it is in the process of acquiring General Motors Co.’s car manufacturing facility in India. Hyundai Motor has signed a term sheet with GM to take over the U.S. carmaker’s Talegaon plant in Maharashtra, the company said in a statement. [...]
SEOUL, March 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday launched the upgraded Avante compact in the domestic market, with its performance version set to be released later this year. The New Avante, a face-lifted model in three years, comes with a 1.6-liter gasoline, a 1.6 liquid propane injection (LPI), or a [...]
SEOUL, March 12 (Korea Bizwire) — TikTok, the popular short-form video platform, is making headlines again, this time in South Korea. Despite facing an exit crisis in the U.S. market due to security threats, TikTok has been chosen as the official platform for a major exhibition in Korea. According to media reports, the Korea Automobile [...]
SEOUL, March 10 (Korea Bizwire) — Boosted by the popularity of U.S. electric carmaker Tesla Inc., automakers are increasingly adopting online car selling platforms to revive sales in South Korea amid the prolonged COVID-19 pandemic. In 2017, Tesla began to sell its vehicles through an online platform in South Korea, raising questions over the effectiveness [...]
SEOUL, March 8 (Korea Bizwire) — British luxury carmaker Bentley Motors Ltd. said Wednesday it has opened its first flagship retail showroom in South Korea to make a bigger presence in Asia’s fourth-biggest economy. Bentley Motors opened the Bentley Cube in southern Seoul earlier in the day to better serve its Korean customers and set [...]