SEOUL, Apr. 25 (Korea Bizwire) — The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilize the country as a key export hub for the South Korean automaker, the group said Thursday. Euisun Chung, Hyundai Motor Group’s executive chair, visited the group’s Indian headquarters [...]
SEOUL, Apr. 24 (Korea Bizwire) – Hyundai Motor Company has announced that it is opening an offline tuning platform called the ‘N Performance Garage’ in Cheonan-gu, Yongin, Gyeonggi Province, to provide a new tuning culture experience. The N Performance Garage is an official tuning specialty shop for Hyundai’s high-performance ‘N’ brand, featuring a display of the [...]
SEOUL, Apr. 22 (Korea Bizwire) –Hyundai Motor Company is offering Pakistani drivers some relief from the region’s scorching summer temperatures through an innovative nanotechnology that drastically reduces interior vehicle heat without tinted windows. The South Korean automaker launched a campaign called “Made Cooler by Hyundai” this month to install its proprietary “nano cooling film” on [...]
INCHEON, Apr. 22 (Korea Bizwire) –A new research and development center for the German automaker BMW has opened its doors in Incheon, South Korea, underscoring the company’s commitment to one of its most crucial global markets. The BMW Group Korea inaugurated the BMW Group R&D Center Korea on April 22 in the Cheongna International City [...]
SEOUL, Apr. 22 (Korea Bizwire) – Kia Motors has launched a new service in the North American market that allows customers to customize the design of their vehicle’s cluster and infotainment displays according to their preferences. Ahead of the start of the NBA playoffs, Kia has introduced “Display Themes” that change the visual appearance of the [...]
SEOUL & GANGEUNG, Apr. 20 (Korea Bizwire) –In an unprecedented move to determine the cause of a tragic 2022 vehicle acceleration incident that claimed the life of 12-year-old Lee Do-hyun, South Korean authorities conducted an on-site “reenactment test” on April 19, the first of its kind in the nation’s history. The two-hour test in Gangneung, [...]
SEOUL, Apr. 16 (Korea Bizwire) – SK Networks, a major South Korean conglomerate, has decided to sell its wholly owned car rental subsidiary, SK Rent-a-Car, as part of efforts to secure funds for its artificial intelligence (AI) growth initiatives. In a regulatory filing on April 16, SK Networks announced that it has selected Affinity Equity [...]
SEOUL, Apr. 16 (Korea Bizwire) — BMW Group Korea announced on April 15 that the German automaker purchased components worth 4.5 billion euros (approximately 6.63 trillion won) from South Korean suppliers in 2023, a figure that surpasses the company’s total revenue of 6.17 trillion won in the country last year. The 2023 purchase amount represents a [...]
SEOUL, Apr. 16 (Korea Bizwire) — In a significant shift within South Korea’s imported car market, hybrid vehicle sales surpassed gasoline-powered models for the first time in the first quarter of this year, signaling a robust trend favoring hybrid offerings. Following the initial milestone in November 2023, when hybrid cars outsold gasoline variants on a monthly [...]
SEOUL, Apr. 15 (Korea Bizwire) — General Motors’ South Korean operations, GM Korea, reported operating profits exceeding 1 trillion won in 2023, marking the highest level since the company’s establishment in 2002 as GM Daewoo. This remarkable performance was driven by the success of strategically allocated models from the global headquarters, the Chevrolet Trailblazer and Trax [...]