SEOUL, June 2 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker by sales, said Monday its sales gained 1.7 percent last month from a year earlier on steady overseas demand for sport utility vehicles (SUVs). Kia, a smaller affiliate of local industry leader Hyundai Motor Co., sold 269,148 vehicles in May, up from 264,699 [...]
SEOUL, June 2 (Korea Bizwire) — As Tesla’s dominance in the global electric vehicle (EV) market continues to falter, U.S.-based automotive outlet Electrek has named Hyundai and Kia as the most viable alternatives to the American EV giant, citing their competitive models and technological edge. In a recent analysis, Electrek highlighted Hyundai’s Ioniq 6 and Kia’s [...]
SEOUL, June 1 (Korea Bizwire) — Despite renewed speculation over a possible withdrawal of General Motors from South Korea in the wake of the Trump administration’s proposed 25% tariff on imported automobiles, GM’s top financial executive has dismissed any immediate plans to cut production at GM Korea, citing strong vehicle profitability and a favorable outlook for [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
DAEGU, May 29 (Korea Bizwire) — At the 2025 International Fire Safety Expo in Daegu, South Korea, Hyundai Motor Group and the National Fire Agency unveiled a next-generation unmanned firefighting vehicle, drawing significant attention for its autonomous precision and disaster-response capabilities. The vehicle—developed by Hyundai Rotem and based on the multi-purpose unmanned platform HR-Sherpa—is designed [...]
SEOUL, May 29 (Korea Bizwire) — General Motors’ South Korean unit has announced plans to sell off domestic service centers and production facilities, fueling renewed speculation that the Detroit-based automaker may be preparing to wind down its presence in the country. On Thursday, GM Korea informed employees of its decision to divest nine company-owned service [...]
SEOUL, May 28 (Korea Bizwire) — A South Korean research team has unveiled a new software tool that securely deletes personal information stored in vehicle systems, aiming to mitigate privacy risks associated with secondhand car sales. Dankook University announced Wednesday that it has developed the “ACAT Privacy” program in partnership with vehicle forensics firm CP6. [...]
SEOUL, May 28 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak demand for its vehicles. In response to a rapidly evolving industry landscape and global business [...]
YEONGJONGDO, South Korea, May 26 (Korea Bizwire) — Volkswagen has officially launched its full-size Atlas SUV in the South Korean market for the first time, signaling a renewed push to bolster its position amid declining sales. At a media event held on May 26 at Studio Paradise in Yeongjongdo, Volkswagen Korea introduced the new Atlas, [...]
LEIPZIG, Germany, May 23 (Korea Bizwire) — Intensifying trade uncertainties, including tariff wars, have a great impact on the global transport industry, which has no choice but to “adapt” to the changed situation, the chief of the inter-organizational transport body said Friday. “(The global trade war) has an impact on what kind of goods we [...]