SEOUL, Aug. 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automotive company, plans to invest US$28 million in Thailand to establish a production facility for electric vehicles (EVs) and batteries, the country’s Board of Investment (BOI) said Wednesday. In a release sent to Yonhap News Agency, the BOI said it approved the investment [...]
SEOUL, Aug. 6 (Korea Bizwire) – Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Tuesday it started supplying tires for the Mercedes-AMG GT Coupe model early this year. Hankook Tire has provided the high-performance Ventus S1 evo Z product for the Mercedes-Benz’s sports car model in the form of original equipment [...]
SEOUL, Aug. 2 (Korea Bizwire) – In a promising turn for South Korea’s tech industry, the automotive electronics sector is emerging as a steady performer, even as the broader consumer electronics and semiconductor markets show signs of recovery. Samsung Electronics and LG Electronics, two of the country’s largest conglomerates, have seen their automotive divisions transform from hidden [...]
SEOUL, Aug. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Thursday its July sales plummeted over 40 percent from a year earlier due to production delays caused by facility maintenance and negotiations over wages. GM Korea sold 22,564 vehicles last month, down 44.6 percent from a year [...]
SEOUL, July 30 (Korea Bizwire) – Hyundai Motor Company announced on July 28 that its short film “Night Fishing,” co-produced with actor Son Suk-ku, won the Best Editing Award in the International Short Film Competition category at the 28th Fantasia International Film Festival. This marks the first time a film produced by a Korean automaker has [...]
SEOUL, Jul. 30 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automobile manufacturers, have significantly increased their data security-related investments in recent years in line with the strengthening of software capabilities in their vehicles, industry data showed Tuesday. According to the Korea Internet & Security Agency’s corporate information protection portal, Hyundai [...]
SEOUL, July 29 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, on Monday held a joint demonstration for their integrated air taxi service technology in Indonesia, the companies said. The automakers said they held a public event to demonstrate their combined integrated advanced air mobility (AAM) technology at Samarinda [...]
SEOGWIPO, Jul. 29 (Korea Bizwire) – In early 2023, Chung Eui-sun, the chairman of Hyundai Motor Group, directed his executive team to develop a “firefighter recovery vehicle” after learning that only 10 such vehicles existed nationwide, and they were aging rapidly. Chung suggested utilizing the company’s hydrogen bus technology for this purpose. The initiative was sparked [...]
SEOUL, Jul. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, unveiled teaser images for the company’s upcoming revamped K8 sedan Monday. The teaser spotlights the silhouette of the front and rear lights of the newly designed K8 sedan. The original K8 was first introduced in 2021 and had sold over 130,000 units in [...]
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 [...]