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Archive by category Automotive

South Korea Investigates Suspected Evasion of Green License Plate Rule for Luxury Corporate Cars

SEOUL, Nov. 11 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport has launched a comprehensive investigation into corporate vehicle registrations this year, following reports of companies attempting to circumvent new regulations requiring green license plates on corporate vehicles worth over 80 million won. The distinctive green plates, introduced early this year, are reportedly being [...]

Kia Opens Heritage Exhibition Showcasing 80 Years of Automotive Innovation

SEOUL, Nov. 8 (Korea Bizwire) – Kia announced on November 7 that it will launch a heritage exhibition titled “From Moments to Movement,” celebrating the company’s 80-year history. The exhibition will be held at Kia360, the company’s brand experience space in Gangnam District, Seoul, until November next year. The showcase, which is Kia’s second heritage exhibition [...]

Hyundai Motor’s Genesis Partners with Tate Modern for Special Art Exhibition

SEOUL, Nov. 8 (Korea Bizwire) — Hyundai Motor Group’s independent luxury brand Genesis said Friday it has partnered with Tate Modern, a leading British modern art museum, as part of a company initiative to collaborate with leading global cultural institutions. Genesis and Tate Modern will join hands to support “Genesis Exhibition: Do Ho Suh: Walk [...]

BMW Korea Unveils Updated 4 Series Gran Coupé with Enhanced Performance and Luxury Features

SEOUL, Nov. 8 (Korea Bizwire) – BMW Korea announced on November 7 the domestic launch of its facelifted second-generation 4 Series, the New 4 Series Gran Coupé, which the company says strikes a balance between sporty aesthetics and luxury refinement. The updated model features distinctive design elements that emphasize its dynamic character, including arrow-shaped daytime running [...]

Mercedes-Benz Launches First Electric G-Class in Korea with Limited Edition Model

SEOUL, Nov. 8 (Korea Bizwire) – Mercedes-Benz Korea has announced the introduction of its first electrified G-Class model, the “All-New Mercedes-Benz G580 with EQ Technology,” marking a significant evolution in its premium SUV lineup. The company revealed on November 7 that it will initially release 70 units of a distinctive limited edition model, the “Edition One,” [...]

Trump Victory Signals Uncertainty for Global Automakers, Korean Firms Brace for Impact

SEOUL, Nov. 7 (Korea Bizwire) – The global automotive industry faces significant changes and uncertainties following Donald Trump’s election as the 47th president of the United States on November 6. Hyundai Motor Group, which has relied heavily on U.S. exports for its performance, is particularly on alert as Trump has promised to prioritize domestic industries, strengthen [...]

Compact Car Sales in South Korea Set to Fall Below 100,000, Breaking Economic Downturn Pattern

SEOUL, Nov. 7 (Korea Bizwire) – In a departure from the traditional pattern where economic downturns boost compact car sales, South Korea’s compact vehicle market is experiencing a significant decline, with annual sales expected to fall below 100,000 units for the first time since 2021. According to data from Kais You Data Research Institute, compact car [...]

Hyundai Motor Beats Volkswagen to Become No. 2 Automaker in Jan.-Sept.

SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Group has outperformed Volkswagen Group to become the world’s second-largest automaker in terms of operating profit, industry data showed Thursday. According to automotive industry data, Hyundai Motor Group achieved sales of 69.4 trillion won (US$49.6 billion) and an operating profit of 6.5 trillion won during the third [...]

Kia Unveils Adventure-Ready Concept Vehicles at SEMA 2024 in Las Vegas

LOS ANGELES, Nov. 7 (Korea Bizwire) – Kia Motors showcased two new concept vehicles designed for outdoor enthusiasts at SEMA 2024, the world’s largest automotive customization show, held at the Las Vegas Convention Center on November 5. The two vehicles – the EV9 ADVNTR (Adventure) and PV5 WKNDR (Weekender) – were developed by Kia’s U.S. Design [...]

Kia Releases Revamped K5 Midsize Sedan with Improved Features

SEOUL, Nov. 4 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, said Monday it has released a revamped version of its K5 midsize sedan with an improved value proposition and a suite of feature upgrades. The latest K5 features expanded safety and convenience options across its trims, with Kia adding a new entry-level trim [...]