Automotive Archives | Page 2 of 100 | Be Korea-savvy

Archive by category Automotive

Hyundai Motor Ties Up with Michelin for EV Tires

Hyundai Motor Ties Up with Michelin for EV Tires

SEOUL, Nov. 15 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Wednesday that it has tied up with French tiremaker Michelin to develop next-generation tires for electric vehicles. The tie-up agreement on technological cooperation was signed between Yang Woong-cheol, a Hyundai Motor vice chairman, and his Michelin counterpart Florent Menegaux at Michelin’s [...]

Autonomous Cars and Human Drivers to Face Off at New Motor Show

Autonomous Cars and Human Drivers to Face Off at New Motor Show

SUWON, Nov. 13 (Korea Bizwire) — Self-driving cars and human drivers are expected to go head to head at the upcoming Pangyo Autonomous Motor Show 2017. A much-anticipated question among car fans will be answered later this week at the Pangyo show, as autonomous cars and human drivers will show off their driving skills to decide [...]

EV sales exceed 10,000 units on extended infrastructure, subsidies

EV sales exceed 10,000 units on extended infrastructure, subsidies

SEOUL, Nov. 13 (Korea Bizwire) — The sale of electric vehicles in South Korea has exceeded 10,000 units this year, reflecting a growing appetite for emissions-free cars and the country’s improving charging infrastructure, industry data showed Monday. In the January-October period, the number of electric cars sold here was 10,075 units, much higher than the [...]

More FTA Troubles Between S. Korea, U.S. Over Chevy Impala Recalls

More FTA Troubles Between S. Korea, U.S. Over Chevy Impala Recalls

SEOUL, Nov. 10 (Korea Bizwire) – The South Korean government will have another issue to discuss in the next round of FTA negotiations with the United States after a recall of imported Chevrolet Impalas has been delayed in adherence to a clause in the trade pact. The clause in question stipulates that a business can [...]

Saemangeum Industrial Complex to Begin Mass Lithium Production

Saemangeum Industrial Complex to Begin Mass Lithium Production

SEJONG, Nov. 10 (Korea Bizwire) — The Saemangeum Industrial Complex is set to produce an annual 30,000 tons of lithium – one of the key materials for electric-vehicle batteries – starting in 2020. Lithium manufacturer Lithium Korea will use 165,000 square meters of land at the Saemangeum Industrial Complex to begin the production of lithium in [...]

Mercedes, BMW, Porsche Fined 70 Billion Won for False Certification Papers

Mercedes, BMW, Porsche Fined 70 Billion Won for False Certification Papers

SEOUL, Nov. 9 (Korea Bizwire) – The local units of Mercedes-Benz, BMW and Porsche have been fined a combined 70.3 billion won (US$63.1 million) for falsifying documents required for government certification that grants them domestic sales, the environment ministry said Thursday. The three foreign automakers were found to have forged certain specifications or types of the vehicles’ parts to make it look as though they meet the local standards, between [...]

Foreign Carmakers Refuse to Recall Faulty Takata Airbags in Korea

Foreign Carmakers Refuse to Recall Faulty Takata Airbags in Korea

SEOUL, Nov. 9 (Korea Bizwire) — Despite massive recalls of Takata airbags that have been labeled as ‘dangerous’ in other countries, a number of foreign automobile manufacturers are refusing the South Korean government’s request to follow suit. According to the Ministry of Land, Infrastructure and Transport on Tuesday, 14 out of 17 car manufacturers in South [...]

S. Korean Autos Lag Behind Imported Ones in Satisfaction Survey

S. Korean Autos Lag Behind Imported Ones in Satisfaction Survey

SEOUL, Nov. 7 (Korea Bizwire) — South Korean vehicles lag behind imported cars in terms of quality, services and durability, a local market research firm said Tuesday. In a recent survey of 96,123 owners and potential buyers, a majority of them chose imported cars over domestic ones in product quality, after-sale services and durability despite [...]

FTC Slaps Combined 37.1 Bln Won Fine on Three Auto Parts Suppliers for Bid Rigging

FTC Slaps Combined 37.1 Bln Won Fine on Three Auto Parts Suppliers for Bid Rigging

SEJONG, Nov. 6 (Korea Bizwire) — South Korea’s antitrust watchdog said Monday that it has levied a combined 37.1 billion won (US$33.2 million) in fines on three foreign auto parts firms for allegedly rigging bids. Denso Korea Automotive Corp., an auto parts supplying unit of Japan’s Toyota Motor Corp., and Hyundam Industrial Co. owned by [...]