SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s three mid-sized automakers are losing ground so rapidly in their home market that they now lag behind Tesla, a relative newcomer that entered the country less than a decade ago. According to data from Kaizuyu Data Research Institute released Sunday, Renault Korea sold 40,431 vehicles in the domestic [...]
SEOUL, Oct. 23 (Korea Bizwire) – At a sprawling convention center in this industrial city, General Motors is trying to make a statement about what comes next. Beneath the fluorescent lights of the Daegu International Future Auto & Mobility Expo, the Detroit automaker has assembled a vision of its electric future — one that is [...]
SEOUL, Oct. 23 (Korea Bizwire) – New passenger cars and small commercial vehicles in South Korea will be required to be equipped with pedal misuse prevention systems starting in 2029, a move aimed at reducing accidents caused by unintended accelerations, the transport ministry said Thursday. Under the government’s plan to revise the country’s automobile safety [...]
SEOUL, Oct. 20 (Korea Bizwire) — While Hyundai Motor struggles under tariff pressures in its largest market, the United States, the South Korean automaker is finding fresh momentum in Europe, buoyed by surging sales and strong demand for electric and hybrid vehicles. According to Hyundai’s investor relations data released on October 19, the company’s passenger car [...]
SEOUL, Oct. 14 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has unveiled the works of artist Maret Anne Sara at Tate Modern in London, part of a prestigious annual art project hosted jointly by the South Korean automaker and the renowned British art gallery. Now in its 10th year, the Hyundai Commission project [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s GM operations are feeling the brunt of a prolonged U.S. tariff reduction delay, as sales of its flagship export models — the Trax Crossover and Trailblazer — plunge sharply, rekindling concerns over the automaker’s future in the country. According to industry data released Saturday, GM Korea sold 23,723 [...]
SEOUL, Oct. 10 (Korea Bizwire) – Sales of imported vehicles in South Korea rose more than 30 percent in September from a year ago, driven by strong demand for Tesla and steady sales of hybrid and electric vehicles (EVs), industry data showed Friday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Motor Co. said Friday its autonomous hydrogen-powered truck, developed in partnership with the U.S.-based autonomous driving firm PlusAI, has been named by Time magazine as one of the best inventions of 2025. Hyundai’s Xcient Fuel Cell Class 8 heavy-duty truck, integrated with PlusAI’s Level 4 autonomous driving system, [...]
SEOUL, Oct. 10 (Korea Bizwire) — The number of car accident cases in South Korea claiming sudden unintended acceleration has dropped sharply this year, signaling a shift in public perception toward recognizing driver error as the more likely cause. According to data obtained by Rep. Jung Choon-saeng of the Rebuilding Korea Party from the National Forensic [...]
SEOUL, Oct. 1 (Korea Bizwire) – Hyundai Motor Co. said Wednesday it has begun sales of the Ioniq 6 N, its first high-performance electric vehicle (EV) sedan and the second electrified model under the company’s N brand. The Ioniq 6 N is equipped with front and rear motors that deliver a combined maximum output of [...]