SEOUL, Jul. 9 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has partnered with the University of Oxford in Britain in establishing a specialized research center dedicated to shaping the group’s long-term future vision. The group held an opening ceremony for the Oxford-Hyundai Motor Group Foresight Centre at the university campus to mark the [...]
SEOUL, Jul. 9 (Korea Bizwire) – The proportion of imported cars registered under corporate names in South Korea has fallen to an unprecedented low in the first half of 2024, dipping below 35% for the first time in recent history. According to data released by the Korea Automobile Importers and Distributors Association (KAIDA) on July 8, [...]
SEOUL, Jul. 8 (Korea Bizwire) — The ratio of imported vehicles registered as company cars fell to the lowest level of 34 percent of all imported car registrations in the first half under a new vehicle registration law, an automobile industry association said Monday. The number of company-owned imported vehicles came to 42,200 units, accounting [...]
SEOUL, July 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data Sunday, as it has filed for an initial public offering for its India unit. According to data from the Federation of Automobile Dealers [...]
SEOUL, July 3 (Korea Bizwire) –Hyundai Motor Group said Wednesday it has completed construction of an electric vehicle (EV) battery plant built jointly with LG Energy Solution Ltd. in Indonesia, allowing the South Korean automotive giant a fully-integrated EV production system in the Southeast Asian nation. Hyundai Motor Group said it held a completion ceremony [...]
SEOUL, Jul. 3 (Korea Bizwire) — Italian luxury vehicle manufacturer Maserati has launched a sales unit in South Korea, the company said Wednesday, while announcing a plan to release new models in the country each month until the end of the year. Maserati Korea held a ceremony in Seoul to celebrate its launch, expressing its [...]
SEOUL, Jul. 2 (Korea Bizwire) – In a recent incident that has ignited debate on social media, Renault Korea finds itself embroiled in controversy over a hand gesture made by an employee in a promotional video for their new vehicle. The automotive company has launched an investigation and suspended the employee in question following the uproar. [...]
SEOUL, Jul. 2 (Korea Bizwire) — Kia’s Sorento SUV was the top-selling car in South Korea during the first half of 2024, according to industry data Tuesday. According to auto industry sales data, Sorento sold 49,588 units during the January-June period. Kia’s Carnival minivan and Hyundai Motor’s Santa Fe SUV followed, selling 44,868 units and [...]
SEOUL, July 1 (Korea Bizwire) – MINI Korea announced on July 1 the official launch of its new MINI Cooper S 3-Door model in the domestic market, marking a significant milestone for the brand. The new MINI Cooper S 3-Door represents the first complete redesign in a decade, succeeding the model introduced in 2014. It is [...]
SEOUL, Jul. 1 (Korea Bizwire) — Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., has apologized following an online backlash over purported misandry imagery contained in the company’s YouTube videos. On Saturday, Renault Korea blocked public access to videos that have been available on Renault Inside, one of its [...]