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Waiting Time for Delivery of Cars Drops amid Easing of Chip Shortage

Waiting Time for Delivery of Cars Drops amid Easing of Chip Shortage

SEOUL, Dec. 2 (Korea Bizwire) — The waiting time for the delivery of domestically-made vehicles has dropped significantly thanks to the gradual easing of the chip shortage that disrupted carmakers starting last year. According to Yonhap News Agency’s analysis on Hyundai Motor Co. and its independent Genesis brand’s table of expected delivery time by model, [...]

Local Businesses Join Hands to Create Connected Car Ecosystem

Local Businesses Join Hands to Create Connected Car Ecosystem

SEOUL, Nov. 25 (Korea Bizwire) — A variety of South Korean businesses, including those specializing in automobiles, self-driving technology, semiconductors for automobiles, and telecommunications software will unite forces to create a connected car ecosystem. The Ministry of Trade, Industry and Energy announced that it hosted an inauguration ceremony for the Connected Car Alliance in Yeouido, [...]

Mercedes-Benz Financial Services Korea Criticized for Predatory Lending Practices

Mercedes-Benz Financial Services Korea Criticized for Predatory Lending Practices

SEOUL, Nov. 24 (Korea Bizwire) — Mercedes-Benz Financial Services Korea (MBFSK), the South Korean unit of Mercedes-Benz Group AG’s financial and mobility services division, is being criticized for predatory lending practices. It has been pointed out that MBFSK is offering high-interest-rate loans to new customers after borrowing at low interest rates from its German headquarters. [...]

Hyundai Mobis Develops Hand Gesture In-vehicle Infotainment Tech

Hyundai Mobis Develops Hand Gesture In-vehicle Infotainment Tech

SEOUL, Nov. 21 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, has developed new technology that enables users to open menus simply by moving their hand near an automobile’s displays and select menu items with a hand gesture. The company announced that it had developed a proximity detection pop-up display dubbed [...]

Kia to Support Installation of EV Chargers at Multi-dwelling Homes

Kia to Support Installation of EV Chargers at Multi-dwelling Homes

SEOUL, Nov. 18 (Korea Bizwire) — South Korean automaker Kia Corp. said Thursday it will provide support in setting up electric vehicle (EV) chargers for buyers who live in apartments, villas and other multi-dwelling homes. Kia signed an agreement with EV charging service provider Home & Service Co. to start a EV charging solution program [...]