Automotive Archives | Be Korea-savvy

Archive by category Automotive

Hyundai Bolsters North American Presence with New Tucson SUV

Hyundai Bolsters North American Presence with New Tucson SUV

SEOUL, Mar. 28 (Korea Bizwire) – Hyundai Motor Company is fortifying its foothold in the North American market by introducing the redesigned Tucson, its compact sport utility vehicle (SUV). At the press preview of the 2024 New York International Auto Show held on March 27 at the Javits Convention Center, Hyundai unveiled the “All-New Tucson” [...]

Hyundai Motor Group Unveils Massive Domestic Hiring and Investment Plan

Hyundai Motor Group Unveils Massive Domestic Hiring and Investment Plan

SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won.  Hyundai’s production workers, known [...]

Hyundai Reveals Two Genesis Concept Cars in New York

Hyundai Reveals Two Genesis Concept Cars in New York

SEOUL, March 26 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has unveiled two new Genesis concept vehicles in New York as it strives to further strengthen the independent Genesis brand. Hyundai Motor introduced the brand’s first flagship electric SUV concept, the Genesis Neolun Concept, and the GV60 Magma Concept, which is an upgraded [...]

Genesis G90 Embraces the Power of Black in Luxury Sedan Makeover

Genesis G90 Embraces the Power of Black in Luxury Sedan Makeover

SEOUL, Mar. 22 (Korea Bizwire) – Hyundai’s premium Genesis brand has unveiled a blackout edition of its flagship G90 sedan, bathing the luxurious model in what the company calls “the primordial color” to evoke a sense of refined mystique.  Dubbed the Genesis G90 Black, the range-topping trim focuses on elevating the aesthetic of South Korea’s most [...]

South Korea’s Eco-Friendly Car Exports Hit by Global Slump

South Korea’s Eco-Friendly Car Exports Hit by Global Slump

SEOUL, Mar. 21 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles, including hybrid and electric cars, experienced a significant decline in February, marking the first contraction in over three years, a concerning trend given the country’s rising dependence on electric vehicle (EV) exports.  According to data released on March 20 by the Korea Automobile Manufacturers [...]

Kakao Mobility Advocates for Reinstatement of CEO Amid Accounting Fraud Allegations

Kakao Mobility Advocates for Reinstatement of CEO Amid Accounting Fraud Allegations

SEOUL, March 19 (Korea Bizwire) – Kakao Mobility Corp., South Korea’s top taxi-hailing service operator, has been pushing for plans to reappoint its CEO, despite the state financial regulator’s recommendation to replace him amid allegations of accounting fraud, industry sources said Tuesday. In a general shareholders’ meeting slated for next week, Kakao Mobility will carry [...]