SEOUL, Oct. 24 (Korea Bizwire) – The Hyundai Avante of South Korea’s top automaker Hyundai Motor Co. became the world’s fourth best-selling car out of 1,382 vehicle models sold last year, data showed Monday. According to the data compiled by the Best Selling Cars Blog, the Hyundai Avante, sold as the Hyundai Elantra in some [...]
SEOUL, Oct. 20 (Korea Bizwire) – Korea’s businesses are on edge. With Korean industrial stalwarts Samsung Electronics and Hyundai Motor both facing existential crises, other major players are beginning to see their growth engines weaken. On October 19, the Korea Economic Research Institute (KERI) suggested that on-year increase in sales at the nation’s top 500 [...]
SEOUL, Oct. 21 (Korea Bizwire) – A Seoul district court on Thursday ruled against a group of 1,890 consumers who have filed a class-action lawsuit against Hyundai Motor Co. over the alleged exaggeration of the gas mileage of an SUV made by the country’s No. 1 automaker. The Seoul Central District Court said that as [...]
SEOUL, Oct. 21 (Korea Bizwire) – Saudi Arabian billionaire Khaled bin Al Waleed bin Talal bin Abdul Aziz Al Saud will become the biggest shareholder of a South Korean machinery parts company, company officials said Thursday. The prince is to invest US$10 million into Suncore Inc., the company said, adding that the stocks are slated [...]
SEOUL, Oct. 20 (Korea Bizwire) – Samsung Electronics Co. said Thursday it will unveil a premium mobile digital radiograph at an industry congress this week. The GM85 digital X-ray features “exceptional mobility, enhanced user convenience and a high image quality,” Samsung said in a statement. The new machine will be unveiled at the 19th World [...]
SEOUL, Oct. 20 (Korea Bizwire) – Samsung Electronics Co. has rolled out the semiconductor industry’s first 8-gigabyte mobile DRAM package for smartphones, based on its advanced 10-nanometer production technology, the company said Thursday. The new package of mobile chips is expected to significantly improve mobile user experiences for those using high-definition, large-screen devices, Samsung said [...]
SEOUL, Oct. 19 (Korea Bizwire) – Hyundai Group affiliates Hyundai Motor Company and Kia Motors are rapidly expanding their Chinese operations, and their latest strategy is to target young consumers with green vehicles and SUVs. The Chinese government has grown more sensitive to environmental concerns in recent years, and has set out various policies to [...]
SEOUL, Oct. 19 (Korea Bizwire) – Thirty-eight owners of the Galaxy Note 7 smartphone in South Korea plan to file a class action lawsuit against Samsung Electronics Co. for alleged inconvenience experienced after the discontinuation of the device, according to a law firm on Wednesday. Each person in the suit, which will be filed with [...]
SEOUL, Oct. 19 (Korea Bizwire) – Nine out of ten Galaxy Note 7 users in Korea were found to be holding on to their phablets, despite Samsung announcing it would halt production of the devices, meaning roughly 500,000 Note 7s are still being used in the country. Samsung announced a permanent halt of the faulty [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are apparently moving to further boost their combined market share with a series of new vehicle models set to be launched starting next month, company officials said Wednesday. The first of the new vehicles will [...]