SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. on Friday promoted Jose Munoz, the company’s global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago. Munoz has served as global COO of Hyundai Motor and [...]
SEOUL, Nov. 13 (Korea Bizwire) – Ford’s bestselling SUV, the Explorer, has made its latest debut in South Korea, with the automaker unveiling The New Ford Explorer at a showcase event held at Some Sevit in Seoul’s Seocho district on November 12. First introduced in North America in 1990 as Ford’s first four-door SUV, the Explorer [...]
SEOUL, Nov. 12 (Korea Bizwire) – BMW Group Korea announced plans to expand its regional distribution center (RDC) in Anseong, investing an additional 65 billion won over the next three years to increase the facility’s size by approximately 50%. The announcement came during a press briefing held on November 11 at the Anseong parts center for [...]
SEOUL, Nov. 12 (Korea Bizwire) – LG Electronics announced on November 11 the launch of its latest mobility innovation, the Digital Cockpit Gamma, a new concept that reimagines the driving experience through advanced automotive technology. This marks the third iteration in the company’s forward-looking cockpit series, following the Alpha and Beta versions released last year. The [...]
SEOUL, Nov. 11 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport has launched a comprehensive investigation into corporate vehicle registrations this year, following reports of companies attempting to circumvent new regulations requiring green license plates on corporate vehicles worth over 80 million won. The distinctive green plates, introduced early this year, are reportedly being [...]
SEOUL, Nov. 8 (Korea Bizwire) – Kia announced on November 7 that it will launch a heritage exhibition titled “From Moments to Movement,” celebrating the company’s 80-year history. The exhibition will be held at Kia360, the company’s brand experience space in Gangnam District, Seoul, until November next year. The showcase, which is Kia’s second heritage exhibition [...]
SEOUL, Nov. 8 (Korea Bizwire) — Hyundai Motor Group’s independent luxury brand Genesis said Friday it has partnered with Tate Modern, a leading British modern art museum, as part of a company initiative to collaborate with leading global cultural institutions. Genesis and Tate Modern will join hands to support “Genesis Exhibition: Do Ho Suh: Walk [...]
SEOUL, Nov. 8 (Korea Bizwire) – BMW Korea announced on November 7 the domestic launch of its facelifted second-generation 4 Series, the New 4 Series Gran Coupé, which the company says strikes a balance between sporty aesthetics and luxury refinement. The updated model features distinctive design elements that emphasize its dynamic character, including arrow-shaped daytime running [...]
SEOUL, Nov. 8 (Korea Bizwire) – Mercedes-Benz Korea has announced the introduction of its first electrified G-Class model, the “All-New Mercedes-Benz G580 with EQ Technology,” marking a significant evolution in its premium SUV lineup. The company revealed on November 7 that it will initially release 70 units of a distinctive limited edition model, the “Edition One,” [...]
SEOUL, Nov. 7 (Korea Bizwire) – The global automotive industry faces significant changes and uncertainties following Donald Trump’s election as the 47th president of the United States on November 6. Hyundai Motor Group, which has relied heavily on U.S. exports for its performance, is particularly on alert as Trump has promised to prioritize domestic industries, strengthen [...]