SEOUL, Jan. 28 (Korea Bizwire) — The number of registered vehicles in Seoul declined for a third consecutive year in 2025, making the capital the only region in South Korea to record a sustained drop, even as registrations of environmentally friendly cars climbed sharply, city officials said Wednesday. According to an analysis released by the Seoul [...]
SEOUL, Jan. 28 (Korea Bizwire) — Labor unrest is intensifying at GM Korea as the automaker presses ahead with plans to shut down its company-run repair centers, prompting protests, legal action and growing concerns over disruptions to customer service. The dispute centers on GM Korea’s decision, announced last year, to close all nine of its directly [...]
SEOUL, Jan. 28 (Korea Bizwire) — Kia on Wednesday began taking orders for three derivative versions of its electric purpose-built vehicle, the PV5, as the automaker moves to expand its push into specialized mobility and commercial transport. The models are part of Kia’s broader strategy to develop purpose-built vehicles, or PBVs — electric platforms designed for [...]
SEOUL, Jan. 28 (Korea Bizwire) — China’s largest electric-vehicle maker, BYD, is aiming to significantly expand its presence in South Korea this year, setting a sales target of more than 10,000 vehicles as it accelerates its push into one of Asia’s most competitive auto markets. BYD Korea said Tuesday that it plans to enter the “10,000-unit [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s General Motors unit is facing legal resistance from its labor union over plans to shut down company-run repair centers, a move workers say threatens both labor agreements and consumer safety. The GM Korea Branch of the Korean Metal Workers’ Union said Monday it has filed for a court [...]
SEOUL, Jan. 26 (Korea Bizwire) – Hyundai Motor Group Executive Chair Euisun Chung will join a South Korean government-led delegation to support Seoul’s defense cooperation with Canada, including Ottawa’s submarine acquisition project, industry and government sources said Monday. Chung is scheduled to depart for Canada in connection with the mission, according to the sources. The [...]
SEOUL, Jan. 26 (Korea Bizwire) – South Korea’s antitrust watchdog said Monday that it has decided to block a Singapore-based private equity fund (PEF) from acquiring the country’s largest vehicle rental company, citing concerns that the deal would significantly restrict market competition. Careena Transportation Group Ltd., controlled by private equity firm Affinity Equity Partners, has been [...]
SEOUL, Jan. 23 (Korea Bizwire) – Korean Air Lines Co., South Korea’s flag carrier, and its four affiliate airlines will ban the in-flight use of power banks starting next week amid growing safety concerns, Hanjin Group said Friday. The top carrier and its four sister airlines — Asiana Airlines, Jin Air, Air Busan and Air [...]
SEOUL, Jan. 23 (Korea Bizwire) – Hyundai Motor Group said Friday its brands have won multiple honors across different vehicle segments at major automotive awards in Britain and the United States. At the 2026 What Car? Awards, a major British automotive awards event, Hyundai Motor Co. and Kia Corp. won a total of seven honors [...]
SEOUL, Jan. 23 (Korea Bizwire) — Hyundai Motor Group’s ambitious plan to position humanoid robots as a pillar of its future growth is facing stiff internal resistance, as labor leaders move to block the introduction of robots on production lines without formal agreement. The conflict emerged this week after Hyundai’s powerful labor union warned that no [...]