SEOUL, Aug. 18 (Korea Bizwire) — Kia has officially launched “The 2026 Carnival,” an updated version of its flagship large recreational vehicle (RV), aimed at strengthening its foothold in the high-demand family and leisure car market. The company began full-scale sales on Sunday. The refreshed model is offered in two powertrains — a 3.5-liter gasoline engine [...]
SEOUL, Aug. 13 (Korea Bizwire) — Hyundai Motor Co. said Wednesday the company, together with the Los Angeles County Museum of Art (LACMA), will showcase an exhibition by artist Tavares Strachan as part of the automaker’s ongoing partnership with the U.S. museum. The exhibition, titled “Tavares Strachan: The Day Tomorrow Began,” will open Oct. 12 [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Group has emerged as the world’s second-most profitable automaker in the first half of 2025, surpassing Germany’s Volkswagen Group, despite facing challenges like U.S. tariffs and global supply chain disruptions. According to the Korea Automotive Research Institute’s analysis, Hyundai sold 3.65 million vehicles globally in the first half [...]
SEOUL, Aug. 10 (Korea Bizwire) — Genesis, the independent luxury auto brand of South Korea’s Hyundai Motor Group, said Sunday that it has officially entered the Egyptian market, marking its debut in the broader Middle East and Africa region. Genesis held a launch event in Egypt on Thursday (local time) and opened its first permanent showroom [...]
SEOUL, Aug. 7 (Korea Bizwire) — U.S.-made vehicles are gaining unprecedented traction in South Korea’s import car market, fueled largely by the surging popularity of Tesla and the easing of non-tariff trade barriers under recent Korea-U.S. trade negotiations. According to auto data firm CarIsYou Data Research Institute, 7,362 U.S.-made passenger vehicles were sold in South [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor Company and General Motors announced plans on Thursday to jointly develop five new vehicles as part of a sweeping strategic alliance aimed at expanding their presence across the Americas. The lineup is expected to roll out by 2028. The partnership, first outlined in a memorandum of understanding signed [...]
Test run in Trojena highlights group’s technological edge in extreme conditions SEOUL, Aug. 4 (Korea Bizwire) — Hyundai Motor Group said Monday it had successfully demonstrated hydrogen-powered commercial vehicle technology in Saudi Arabia’s Neom, reinforcing its position as a key partner in the kingdom’s ambitious smart city initiative. The South Korean automaker shared video footage [...]
SEOUL, August 3 (Korea Bizwire) — South Korea’s demand-responsive transport (DRT) system has made its European debut in Hungary, marking a milestone in the country’s push to export advanced mobility solutions. The Ministry of Economy and Finance announced Sunday that a pilot project for the Korean-style DRT system officially launched on July 31 in Gödöllő, [...]
SEOUL, July 30 (Korea Bizwire) — August has emerged as the deadliest month for drowsy driving-related fatalities in South Korea, with the summer vacation season and long-distance travel contributing to a sharp rise in accidents, according to data released Wednesday by the National Police Agency. Between 2020 and 2024, a total of 9,559 drowsy driving [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Motor’s move to localize auto parts production in the United States in response to steep U.S. tariffs is casting a shadow over South Korea’s auto parts industry, sparking concerns of declining exports and weakened domestic supply contracts. In its second-quarter earnings call on July 24, Hyundai confirmed it [...]