SEOUL, June 21 (Korea Bizwire) — The head of Mercedes-Benz Korea Ltd. has said a predictable business environment is the “one thing” he has wanted the most from the South Korean government during his 2 1/2-year term that ends in September. Over the past few years, the regulatory landscape in South Korea has actually developed [...]
SEOUL, June 16 (Korea Bizwire) — General Motors Co. on Friday appointed a marketing expert from its Mexican operations as president and CEO of GM Korea. Hector Villarreal, vice president in charge of vehicle sales, service and marketing at GM Mexico, will replace Roberto Rempel on August 1. Rempel has decided to retire after serving [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s car exports soared nearly 50 percent on-year in May driven by vibrant demand for eco-friendly cars, particularly in the U.S. market, the industry ministry said Thursday. The value of outbound shipments of automobiles came to US$6.2 billion last month, up 49.4 percent from a year earlier to [...]
SEOUL, June 15 (Korea Bizwire) — Hyundai Motor Group said Thursday it has invested 1.3 trillion won (US$1.02 billion) in global startups in the electrification, artificial intelligence (AI) and autonomous driving sectors as part of its efforts to boost future mobility solutions. The South Korean automotive group made the investment in more than 200 startups [...]
SEOUL, June 13 (Korea Bizwire) — South Korean carmakers are increasingly choosing to facelift their existing models rather than develop entirely new vehicles amid the transition to electrification. KG Mobility, formerly known as SsangYong Motor Co., recently released another facelifted version of the Tivoli SUV, which was originally launched in 2015. This comes after the [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Co. is enhancing its support for employees undertaking overseas business trips, which have been increasing in number since the end of the pandemic. The carmaker said Sunday that it has partnered with WeWork, a U.S.-based coworking space provider, enabling employees on overseas business trips to utilize WeWork’s [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Group said Monday it will utilize 7.8 trillion won (US$5.9 billion) worth of reservation money held by its overseas operations to push forward the group’s planned investments in domestic electric vehicle (EV) plants. Hyundai Motor Co., its smaller affiliate Kia Corp. and auto parts maker Hyundai Mobis [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Co. has announced that a range of its mobility solutions will feature in Marvel Studios’ “Spider-Man: Across the Spider-Verse,” which is set to premiere in the domestic market next week. The upcoming animated film marks the third collaboration between the carmaker and Sony Pictures Entertainment, following their [...]
SEOUL, June 9 (Korea Bizwire) — Austrian automotive light maker ZKW Group, a subsidiary of South Koran tech giant LG Electronics Inc., said Thursday it will begin supplying smart headlamp modules for the flagship Polestar 3 SUV of Swedish premium electric vehicle brand Polestar. Scheduled for release in the third quarter, the headlamp incorporates the [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will host an exhibition showcasing its heritage, featuring the nation’s first domestically manufactured car, the Pony, from various perspectives. “PONY, the Timeless” exhibition serves as the second project of the Hyundai Reunion Heritage brand platform, which presents a future vision through past [...]