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Chinese Commercial Vehicles Surge to Record Market Share in South Korea

Chinese Commercial Vehicles Surge to Record Market Share in South Korea

SEOUL, Dec. 12  (Korea Bizwire) – Chinese commercial vehicles captured their highest monthly market share of the year in South Korea’s imported vehicle market last month, raising concerns about growing Chinese dominance as companies like BYD prepare to enter the passenger car market.  According to data from Kaizen Auto Research Institute released on December 11, Chinese [...]

Hyundai Motor to Join Hands with Google to Advance Software Capabilities for Future Mobility

Hyundai Motor to Join Hands with Google to Advance Software Capabilities for Future Mobility

SEOUL, Dec. 12 (Korea Bizwire) — South Korean auto giant Hyundai Motor Group said Thursday it will join hands with Google to strengthen its automotive software system and deliver next-generation navigation and infotainment experiences for drivers. Under the partnership, Hyundai Motor will adopt Google’s Android Automotive Operating System (AAOS) and use Google Maps’ geolocation information [...]

Hyundai Ioniq 5 N Named ‘High-Performance Car of the Year’ in China

Hyundai Ioniq 5 N Named ‘High-Performance Car of the Year’ in China

SEOUL, Dec. 12  (Korea Bizwire) – Hyundai Motor’s Ioniq 5 N, its first dedicated electric vehicle under the high-performance “N” brand, has been named “High-Performance Car of the Year” at the 2025 China Car of the Year Awards, the company announced on Monday. The annual awards are among the most prestigious in China’s automotive industry, judged [...]

Korean Air to Finalize Merger Deal with Asiana Airlines via Share Takeover

Korean Air to Finalize Merger Deal with Asiana Airlines via Share Takeover

SEOUL, Dec. 11 (Korea Bizwire) — Korean Air Co. plans to finalize its acquisition of a controlling stake in rival Asiana Airlines Inc. on Wednesday, completing the merger deal between South Korea’s leading carriers that has been sought over the past four years, according to company officials. Korean Air plans to invest 1.5 trillion won [...]

Gov’t to Focus on Enhancing Competitiveness of Domestic Aviation Industry following Korean Air-Asiana Merger

Gov’t to Focus on Enhancing Competitiveness of Domestic Aviation Industry following Korean Air-Asiana Merger

SEOUL, Dec. 11 (Korea Bizwire) — The government said Wednesday it will work to enhance the competitiveness of the domestic aviation industry while minimizing potential monopolistic harm from the soon pending merger between Korean Air Co. and Asiana Airlines Inc. The transport ministry announced an aviation industry support plan during a meeting of industries-focused ministries held at [...]

Demand for Battery Industry Talent Surges Amid Electric Vehicle Boom

Demand for Battery Industry Talent Surges Amid Electric Vehicle Boom

SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s electric vehicle expansion has driven a sharp increase in demand for talent in the secondary battery sector, with job openings more than doubling over the past seven years, according to a government report. The Ministry of Science and ICT revealed that job postings for secondary battery-related roles rose [...]

Ulsan to Launch AI-Driven Smart Factory Project to Modernize Auto Industry

Ulsan to Launch AI-Driven Smart Factory Project to Modernize Auto Industry

ULSAN, Dec. 10 (Korea Bizwire) – The city of Ulsan is embarking on an ambitious project to develop autonomous manufacturing technology based on Software-Defined Factory (SDF) systems, aimed at advancing its automotive industry capabilities.  The initiative kicks off with a two-day technical conference and workshop at the Westin Josun Busan beginning December 9, focusing on core AI [...]

Seoul City to Expand Late-night Cabs, Extend Bus Hours until Year-end

Seoul City to Expand Late-night Cabs, Extend Bus Hours until Year-end

SEOUL, Dec. 9 (Korea Bizwire) — The Seoul city government said Monday it will expand the operation of late-night taxis and extend the operation hours of buses until the year-end to meet the surge in demand from year-end gatherings. The city plans to supply 1,000 additional night cabs and set up temporary taxi stops in [...]

S. Korean Battery Makers’ Global Market Share Drops amid Intensifying Competition

S. Korean Battery Makers’ Global Market Share Drops amid Intensifying Competition

SEOUL, Dec. 9 (Korea Bizwire) — Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese rivals, industry data showed Monday. The trio — LG Energy Solution, SK On Co. and Samsung SDI Co. — [...]