SEOUL, Dec. 23 (Korea Bizwire) — In 2024, South Korea’s import car market has shifted from its traditional “Big Four” structure to a “Big Three,” driven by Tesla’s remarkable sales growth. BMW and Mercedes-Benz continued their rivalry for the top spot, while Tesla secured third place for the first time with sales nearly doubling from 2023. [...]
SEOUL, Dec. 23 (Korea Bizwire) – A record number of vehicles have been recalled in South Korea this year due to manufacturing defects, according to data released by the Korea Transportation Safety Authority’s Auto Recall Center on December 22. The center reported that 5,142,988 vehicles across 1,684 models underwent recalls in 2024, tripling last year’s figure [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Kia Carnival has set a new annual sales record in its 26-year history, thanks to surging demand for its hybrid model. Kia announced on December 22 that the Carnival’s global sales from January to November reached 157,336 units, surpassing the previous high of 155,433 units set in 2002. With [...]
SEOUL, Dec. 22 (Korea Bizwire) – Kia has globally debuted its compact SUV, Syros, in India, marking a significant step in its strategy to expand its presence in emerging markets, the company announced on December 22. Named after the Greek island of Syros, the vehicle aims to embody a blend of tradition and modernity. Sales of [...]
SEOUL, Dec. 17 (Korea Bizwire) – BYD, the world’s leading electric vehicle (EV) brand, is set to make its official foray into South Korea’s passenger car market. On December 17, South Korean conglomerate Samchully Group announced that its subsidiary, Samchully EV, has signed an official dealership agreement with BYD Korea to introduce the Chinese automaker’s [...]
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 [...]
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 [...]
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, Dec. 8 (Korea Bizwire) – Hyundai Motor Group revealed that one in four of its cars sold this year was purchased in the United States, marking a significant milestone in the automaker’s history. Between January and November, Hyundai and Kia sold 1.55 million vehicles in the U.S., accounting for 25.1% of the group’s global sales [...]
SEOUL, Dec. 6 (Korea Bizwire) – In a significant expansion of its luxury automotive presence, Genesis unveiled its entry into professional motorsports through its new high-performance division, Genesis Magma, at a premiere event held at the Armani Hotel in Dubai, UAE, on December 4. The luxury automaker revealed plans to compete in two prestigious endurance racing championships, [...]