SEOUL, May 8 (Korea Bizwire) — The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 percent of the total, industry data showed Thursday. According to the Korea Automobile Importers and Distributors Association [...]
SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
SEOUL, May 2 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company [...]
SEOUL, May 2 (Korea Bizwire) — KG Mobility Corp., a South Korean carmaker, said Friday its sales dropped sharply from a year earlier in April, mainly due to a decline in exports. The company sold 8,642 vehicles last month, down 11 percent from 9,751 units sold the same month last year, the company said in [...]
SEOUL, May 2 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung visited Auto Shanghai 2025 earlier this week despite the automaker’s absence from the event, industry sources said Friday. Chung attended the biennial motor show on the eve of its official closing Friday, marking his first attendance at China’s event since the 2018 [...]
SEOUL, April 29 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has showcased a next-generation in-vehicle infotainment system in collaboration with Taiwan’s semiconductor company MediaTek Inc. The system, unveiled at the ongoing Auto Shanghai 2025, allows customers to enjoy different content on multiple displays in a vehicle using only one chip and operating system [...]
SEOUL, April 29 (Korea Bizwire) — Kia Corp. said Tuesday it has launched a new global recruitment website aimed at strengthening its hiring capabilities and better showcasing the company’s workplace culture for employees. The newly opened Kia Talent Lounge website (https://career.kia.com) offers various work-related content, including insights into the South Korean automaker’s organizational values, employee [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s largest corporations are ramping up their responses to the renewed threat of U.S. tariffs under the Trump administration by stockpiling inventory and expanding production within the United States, signaling a shift toward more aggressive contingency planning. During first-quarter earnings calls on April 24, companies across the automotive, [...]
SEOUL, April 24 (Korea Bizwire) — Hyundai Motor Group said Thursday it has partnered with the Indian Institute of Technology (IIT) Delhi to establish a new research center in India aimed at advancing future mobility technologies, with a focus on electrification and battery systems. Under their partnership agreement signed Wednesday, the two sides will establish [...]
SEOUL, April 20 (Korea Bizwire) — As electric vehicle (EV) demand shows signs of plateauing, Hyundai Motor Group is shifting attention to hybrid technology, unveiling a next-generation hybrid system featuring a dual-motor transmission — a first for the company — to bridge performance, efficiency, and adaptability across its vehicle lineup. The new system, introduced at the [...]