SEOUL, Feb. 22 (Korea Bizwire) – Hyundai’s high-performance electric vehicle, the Ioniq 5N, has been named the ‘Car of the Year 2024′ by a group of automotive journalists in South Korea. The accolade was announced by the Korea Automobile Journalists Association, which comprises 58 media outlets including newspapers, broadcasts, telecommunications, and specialized magazines. The Ioniq 5N [...]
SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Motor Co., Tesla Korea and four other carmakers will recall nearly 55,000 vehicles due to faulty components, the transport ministry said Wednesday. The six companies, including Kia Corp., Ford Sales & Service Korea, GS Global Corp. and Bumhan Mobility, are voluntarily recalling a total of 54,792 units of [...]
SEOUL, Feb. 16 (Korea Bizwire) – A number of foreign carmakers in Korea are integrating Tmap navigation systems due to customer complaints about the inadequacy of foreign-made navigation software with Korean road conditions. Recognizing that Tmap’s real-time traffic information and local features better suit Korean consumers, Mercedes-Benz has recently equipped its new E-Class model with Tmap [...]
SEOUL, Feb. 12 (Korea Bizwire) – Electric cars accounted for 9.3 percent of newly purchased cars in South Korea last year, data showed Monday, hovering above that of other major counterparts, including the United States and Japan. The electric vehicles (EVs) took up 162,507 of 1.74 million cars sold in South Korea in 2023, according [...]
SEOUL, Feb. 10 (Korea Bizwire) –In the import car sector, a clever discount strategy is being employed to bypass the green license plates mandated for corporate vehicles valued over 80 million won. This workaround involves slightly reducing the acquisition cost to fall below the 80 million won threshold, as the green license plate requirement is [...]
SEOUL, Feb. 10 (Korea Bizwire) – Hyundai Motor Co. has signed a 10-year partnership with the New York-based Whitney Museum of American Art to support its exhibition projects and the Whitney Biennial, according to the company Saturday. The long-term sponsorship will offer an innovative platform for artists to experiment and showcase their works to the [...]
SEOUL, Feb. 7 (Korea Bizwire) – The head of the U.S. auto giant General Motors (GM) Co. met with chiefs of Samsung Group affiliates on Wednesday to discuss cooperation in areas involving electric vehicle (EV) batteries and auto electric parts, industry sources said. According to the sources, GM Chair and CEO Mary Barra, who arrived [...]
SEOUL, Feb. 6 (Korea Bizwire) – General Motors CEO Mary Barra will visit Seoul this week to meet with leaders of major South Korean battery makers, industry sources said Tuesday. Barra plans to fly into Seoul on Wednesday to meet with Kim Dong-myung, president of LG Energy Solution Ltd. (LGES), and Choi Yoon-ho, CEO of [...]
SEOUL, Feb. 4 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Sunday it will launch four new vehicles, including two electric models, this year to strengthen its presence in the domestic market. GM Korea plans to introduce two pure electric models — the Cadillac Lyriq SUV and the [...]
SEOUL, Feb. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Thursday its vehicle sales more than doubled in January from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 43,194 vehicles in January, up 165.8 percent from a year ago on [...]