ULSAN, Feb. 25 (Korea Bizwire) — U.S. President Donald Trump’s recent threat to impose steep tariffs on imported vehicles has sent shockwaves through Ulsan, South Korea’s automotive manufacturing powerhouse, where cars account for nearly a third of the city’s exports and form the backbone of the local economy. According to data from the Korea International Trade [...]
SEOUL, Feb. 24 (Korea Bizwire) — Volvo Construction Equipment Korea (Volvo CE Korea) has announced the launch of its next-generation articulated dump trucks, the A35 and A45, tailored specifically for challenging terrains in the domestic market. The new A35 and A45 models, weighing 35 tons and 42 tons respectively, feature advanced electronic control systems and transmissions [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Group said Monday that it will host a software developer conference next month in Seoul as part of efforts by the automotive giant to transition to a software-defined vehicle manufacturer and expand its application ecosystem. The Pleos 25 conference will be held at COEX in southern Seoul [...]
SEOUL, Feb. 21 (Korea Bizwire) — HD Hyundai Infracore announced on February 20 that it has successfully completed cold-weather performance testing of its 11-liter hydrogen engine (HX12) in collaboration with Tata Daewoo Mobility. The tests were conducted from February 4 to 14 in Daegwallyeong, Gangwon Province. The testing program evaluated the hydrogen-powered engine’s performance in temperatures [...]
SEOUL, Feb. 21 (Korea Bizwire) — Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor Co., has underscored high-quality products and differentiated strategies as keys to growth, the company said Friday. Munoz shared his strategic vision for the company in a town hall meeting with 15,000 employees at its Namyang R&D Center, [...]
SEOUL, Feb. 20 (Korea Bizwire) — Uber has introduced its corporate mobility service, Uber for Business (U4B), in South Korea, aiming to enhance business travel efficiency with seamless expense management and ride-hailing solutions. At the ‘Uber Taxi Connect Day’ event in Seoul on February 20, Uber outlined its business strategy for the year, including the launch [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s auto industry is bracing for potential turmoil after U.S. President Donald Trump suggested imposing a 25% tariff on imported cars, a move that could significantly impact Korean automakers’ competitiveness in the American market. Trump’s comments on February 18 sent shockwaves through the industry, which had previously anticipated a [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Company announced on Tuesday the launch of the ‘2025 The New Mighty,’ an upgraded version of its mid-size commercial truck, featuring enhanced cargo capacity and additional convenience features. The latest model lineup has been refined with improved load performance and added convenience features across various trims. The 4-ton [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Company is strengthening its commitment to the sustainability of South Korea’s art ecosystem by supporting international exchange and collaboration among public art institutions. On February 18, Hyundai unveiled the ‘Hyundai Translocal Series,’ a new initiative designed to facilitate joint exhibitions and partnerships between domestic and international art institutions. [...]
SEOUL, Feb. 17 (Korea Bizwire) — If the Trump administration moves forward with tariffs on the automotive sector, South Korea and Japan are expected to be among the hardest-hit nations outside North America, according to industry analysts. A report from CNBC on February 13, citing consulting firm GlobalData, highlighted that South Korea and Japan accounted [...]