SEOUL, July 25 (Korea Bizwire) – In a bold move to redefine ultra-luxury in the electric vehicle era, Mercedes-Benz has introduced its first all-electric Maybach SUV to the South Korean market. The unveiling of the Mercedes-Maybach EQS SUV on July 25 at the XYZ Seoul cultural complex in Seongdong-gu, Seoul, marks a significant milestone for the [...]
SEOUL, July 25 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that drivers for the ride-hailing service Tada should be considered employees under labor law, potentially reshaping the gig economy landscape in the country. The court’s ruling, announced on July 25, applied traditional employment criteria to determine the status of workers [...]
SEOUL, July 24 (Korea Bizwire) – LG Uplus, a major South Korean telecommunications company, announced on July 24 that it will introduce its web-based in-vehicle gaming service, Game Portal, to Kia’s new EV3. This marks the first time the Game Portal service will be available in a domestic brand vehicle in South Korea. According to LG [...]
SEOUL, Jul. 24 (Korea Bizwire) – Starting August 14, automakers in South Korea will face a significant shift in how sudden acceleration incidents are handled. Under a new amendment to the Motor Vehicle Management Act, manufacturers who fail to submit relevant data about vehicles suspected of sudden acceleration will see those vehicles presumed defective. This presumption [...]
SEOUL, Jul. 24 (Korea Bizwire) — Hyundai Motor Group’s independent luxury brand Genesis said Wednesday it has signed a five-year partnership agreement with the Metropolitan Museum of Art in New York as part of the company’s vision to collaborate with leading global cultural institutions. Under the partnership, the two sides will establish the Genesis Art [...]
SEOUL, July 23 (Korea Bizwire) – LG Innotek, a leading electronics components manufacturer, announced on June 22 its plans to accelerate its expansion into the automotive communication parts market with a cutting-edge digital key solution. Digital keys, which allow users to lock, unlock, and start vehicles using smartphones connected via wireless technology, have seen a surge [...]
SEOUL, July 23 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Tuesday it has clinched its first commercial electric bus supply deal to Japan. The company said it signed a letter of intent for the sale of five electric bus units with Iwasaki Group, a transportation and tourism business operator based in [...]
SEOUL, Jul. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Tuesday it has partnered with major Indonesian electric vehicle (EV) charging service companies to provide its customers in the Southeast Asian nation with easy cross-platform charging accessibility. The company signed a memorandum of understanding for the partnership with six local charging [...]
SEOUL, Jul. 23 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. are gearing up to release ambitious new midsize sport utility vehicle (SUV) models this year to tackle the popular family leisure car market segment dominated by local industry leaders Hyundai Motor Co. and Kia Corp. KG Mobility, formerly known as Ssangyong [...]
SEOUL, July 22 (Korea Bizwire) – Korean Air Co. said Monday that it has signed a memorandum of understanding with Boeing to buy up to 50 airplanes, including 20 777-9s, in a bid to upgrade its fleet. Under the deal valued at roughly 30 trillion won (US$21.6 billion), Korean Air, the country’s largest flag carrier, [...]