SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s car exports jumped 31 percent on-year last year, driven by the growing global demand for premium eco-friendly automobiles, data showed Tuesday. Outbound shipments of cars reached US$70.9 billion in 2023, compared with $54.1 billion a year ago, according to the Ministry of Trade, Industry and Energy. Of [...]
SEOUL, Jan. 15 (Korea Bizwire) — Last December, sales of imported cars valued at over 100 million won in South Korea saw a significant increase compared to the previous month. This surge has been attributed to efforts to avoid the new green license plates, designated for corporate cars worth over 80 million won from January of this [...]
SEOUL, Jan. 15 (Korea Bizwire) — Hyundai Motor Co. said Monday it has launched a mobility-themed game on popular global online platform Roblox to showcase the company’s future vision to young gamers. Titled “Hyundai Future Adventure,” the game consists of six jump-action challenges themed around future mobility. Players take their journey exploring a future-themed park [...]
SEOUL, Jan. 12 (Korea Bizwire) — Accumulative sales of eco-friendly vehicles produced by Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are expected to exceed 1 million units in the first quarter, according to the companies Friday. Accumulative sales of eco-friendly units of Hyundai and Kia combined had amounted to 946,962 units as [...]
SEOUL, Jan. 10 (Korea Bizwire) – Hyundai Motor Group has unveiled the prototype of its new air taxi model at the global technology show CES 2024, company officials said Wednesday, as it steps up efforts to make inroads into the global electric flying taxi market. Supernal, a U.S.-based air taxi unit of Hyundai, showcased the [...]
SEOUL, Jan. 8 (Korea Bizwire) –A recent survey has revealed that nearly half of South Koreans are open to purchasing autonomous vehicles in the future, with younger generations showing less resistance to self-driving technology. The survey, conducted by the Korea Automobile and Mobility Association (KAMA) using the Embrain platform, involved 3,000 individuals aged 14 [...]
SEOUL, Jan. 8 (Korea Bizwire) – Beginning this year, South Korea is embarking on a comprehensive update to its automobile regulations, targeting both safety and environmental concerns. The Korea Automobile and Mobility Association (KAMA) unveiled these new guidelines on January 7, marking a significant shift in the nation’s approach to automotive regulation. In an effort [...]
SEOUL, Jan. 5 (Korea Bizwire) –According to a CNN report on January 4, a series of social media posts demonstrating car theft methods have contributed to a more than tenfold increase in thefts of certain Hyundai and Kia models in the United States over the past three years. Data from the Highway Loss Data Institute [...]
SEOUL, Jan. 4 (Korea Bizwire) – Samsung Electronics’ Internet of Things (IoT) platform, SmartThings, is set to extend to Hyundai Motor Group’s connected car services, forging a seamless integration between vehicles and homes. Samsung Electronics and Hyundai Motor Group have announced a business partnership to develop Home-to-Car and Car-to-Home services. This collaboration, disclosed on January 4, [...]
SEOUL, Jan. 4 (Korea Bizwire) – BMW Korea overtook Mercedes-Benz Korea to become the leading foreign automobile company in South Korea last year in terms of sales, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of newly registered BMW models last year reached 77,395 units out of the [...]