SEOUL, July 14 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. plan to participate in an international motor show in Munich in September as part of their ongoing push into the automotive components business, industry sources said Monday. At IAA Mobility 2025, slated for Sept. 9-14 in Munich, Germany, Samsung Electronics’ semiconductor division [...]
SEOUL, July 14 (Korea Bizwire) — Hyundai Motor Group is doubling down on its strategy to weather U.S. tariffs without raising vehicle prices, prioritizing long-term market share over short-term profit margins. Despite escalating trade tensions under President Donald Trump’s administration and the imposition of new import tariffs earlier this year, the South Korean auto giant [...]
SEOUL, July 9 (Korea Bizwire) — The labor union of GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., plans to stage a partial strike this week, as it has failed to narrow differences with management in ongoing wage negotiations, union officials said Wednesday. Unionized workers will stage two-hour walkouts across [...]
SEOUL, July 9 (Korea Bizwire) – The Niro Hybrid, an eco-friendly sport utility vehicle (SUV) of Kia Corp., came out on top among competing global models in a comparison test conducted by Germany’s leading automotive magazine, Auto Zeitung, the South Korean automaker said Wednesday. The German magazine recently compared five popular hybrid SUVs — Kia’s [...]
SEOUL, July 3 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Thursday it will unveil its all-electric Ioniq 6 N high-performance model in London next week, ahead of its domestic launch later this year. The company has released a teaser film of the Ioniq 6 N electric sedan on its official YouTube [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. announced Wednesday the launch of UX Studio Seoul, a new open research facility in southern Seoul designed to engage the public in shaping the user experience (UX) of future mobility solutions. Replacing the original UX Studio established in 2021, the new space significantly [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their combined vehicle sales in the United States rose 0.9 percent in June from a year earlier, with growth slowing from the previous month amid ongoing concerns over U.S. auto tariffs. The two automakers sold a total of [...]
SEOUL, July 1 (Korea Bizwire) — Starting today, drivers of select Hyundai, Kia, and BMW vehicles in South Korea will receive in-car recall notifications via dashboards and audio alerts, as part of a pilot program aimed at improving recall compliance rates. The Korea Transportation Safety Authority (TS) announced that the initiative will leverage over-the-air (OTA) software [...]
SEOUL, July 1 (Korea Bizwire) — KG Mobility Corp., a South Korean carmaker, said Tuesday it has launched a new car subscription service that includes insurance, tax and maintenance benefits. The service, named KGM Mobiling, offers vehicles for a monthly fee with lower upfront costs and flexible contract terms, according to the company. The program [...]
SEOUL, June 30 (Korea Bizwire) — Elderly drivers were responsible for over one in five traffic accidents in South Korea last year, a record high that has reignited debate over delayed safety reforms ahead of the first anniversary of a deadly wrong-way driving incident in central Seoul. According to new data from the Korea Road Traffic [...]