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Archive by category Manufacturing

Hyundai Focuses on Door-to-Door Charging Services

Hyundai Focuses on Door-to-Door Charging Services

SEOUL, July 17 (Korea Bizwire) – Hyundai Motor Co. said Monday it will strengthen door-to-door charging services for its Ioniq electric vehicles (EVs), a move to promote consumer acceptance of electric vehicles. Hyundai Motor has recently increased the number of service vehicles which offer door-to-door charging services to 60 from 10 across the country. It formerly [...]

U.S. Focuses on Tariffs in Calls for FTA Renegotiation

U.S. Focuses on Tariffs in Calls for FTA Renegotiation

SEOUL, Jul. 16 (Korea Bizwire) — The United States has left Korean companies in a state of anxious premonition as it has officially asked the Korean government to form a joint committee for the purpose of revising the current free trade agreement (FTA) between the two nations. For the automobile industry, the issue that looms large is [...]

Gasoline, Hybrid Cars Experience Resurgence as Popularity of Diesel Plunges

Gasoline, Hybrid Cars Experience Resurgence as Popularity of Diesel Plunges

SEOUL, Jul. 14 (Korea Bizwire) — Already unpopular due to their alleged propensity to generate air pollutant particles, a rumored “diesel fuel tax” that may come into effect in the future has customers gravitating away from diesel cars. A spokesperson for the Korean Automobile Manufacturing Association gave a number of reasons for the decreasing popularity of diesel [...]

SK hynix Keeps Low Profile on Toshiba’s Contact with U.S., Taiwan Rivals

SK hynix Keeps Low Profile on Toshiba’s Contact with U.S., Taiwan Rivals

SEOUL, July 12 (Korea Bizwire) – SK hynix Inc., South Korea’s No. 2 tech giant, on Wednesday remained silent over reports that Japan-based Toshiba Corp. is contacting U.S. and Taiwanese firms as potential buyers of its memory division. Japanese media earlier reported Toshiba is holding talks with U.S. Western Digital and Taiwan-based Hon Hai Precision [...]

LG Set to Pull Out of Chronic Slump Pinned on New Flagship Phone

LG Set to Pull Out of Chronic Slump Pinned on New Flagship Phone

SEOUL, July 12 (Korea Bizwire) – LG Electronics’ smartphone business has been struggling to extricate itself from a quagmire caused by stubborn losses and a weak brand image, but local market watchers said Wednesday they remain optimistic the company can pull off a rebound going forward. The tech giant’s slump is all the more stark [...]

Delay of Ballast Water Convention Has Contrasting Effect

Delay of Ballast Water Convention Has Contrasting Effect

SEOUL, Jul. 12 (Korea Bizwire) — South Korea’s shippers and shipbuilders reacted differently Wednesday to a decision by the International Maritime Organization (IMO) to delay the implementation of a ballast water convention. The IMO’s marine environment protection committee last week postponed the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, [...]

Conglomerates Vow to Voluntarily Stop Unfair Practices

Conglomerates Vow to Voluntarily Stop Unfair Practices

SEOUL, July 11 (Korea Bizwire) – South Korea’s top 15 conglomerates said Tuesday they will voluntarily overhaul unfair practices without any intervention from the government, a local business lobby said. In a meeting with Lee Dong-geun, vice chairman of the Korea Chamber of Commerce and Industry (KCCI), 15 business leaders agreed with general calls that [...]