SEOUL, Jan. 4 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 24 percent last month from a year earlier despite the extended chip shortage, an industry association said Wednesday. The number of newly registered foreign vehicles stood at 29,640 units last month, up from 23,904 units a year ago, the Korea Automobile [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Tuesday it will accelerate a wider transition to electric vehicles (EV) this year as it aims to morph into a future mobility solutions provider. In his meeting for the new year with employees, the group’s Executive Chair Euisun Chung said the company will [...]
SEOUL, Dec. 26 (Korea Bizwire) — Hyundai Motor Group said Sunday that all of its electric vehicle (EV) models built on its own dedicated EV platform named E-GMP recorded the highest grade in the world’s major collision tests. As a result of the collision tests conducted by the Insurance Institute for Highway Safety (IIHS), Hyundai [...]
SEOUL, Dec. 25 (Korea Bizwire) — Cumulative imported vehicle registrations in South Korea have exceeded 3 million units, as a growing number of customers purchase foreign brands instead of local ones, government data showed Sunday. The number of imported car registrations had reached 3.17 million, or 12 percent of the country’s overall car registrations of [...]
SEOUL, Dec. 22 (Korea Bizwire) — SsangYong Motor Co. will operate under a new name, KG Mobility, its new chief has said, in a move signaling a new chapter in the company’s decadeslong history marked by long restructuring efforts. Kwak Jea-sun, new chairman of SsangYong Motor, said he will seek approval for the proposed name [...]
SEOUL, Dec. 22 (Korea Bizwire) — Hyundai Motor Group said Wednesday that a documentary on its corporate social responsibility (CSR) activities in China is drawing a favorable response from Chinese people. In collaboration with Discovery Channel, the group made a mini-documentary under the theme of its CSR activities in China, including the prevention of desertification, [...]
SEOUL, Dec. 21 (Korea Bizwire) — The Genesis electrified G80 earned the highest crash safety rating from the Insurance Institute for Highway Safety (IIHS), Hyundai Motor Co. said Wednesday. The South Korean carmaker produces the luxury SUV and high-end sedans under its independent Genesis brand. The electrified G80 sedan earned high scores in a wide [...]
SEOUL, Dec. 20 (Korea Bizwire) — Hyundai Motor Co. on Tuesday unveiled the design of the all-new Kona subcompact SUV ahead of its domestic launch early next year. The new Kona is the second-generation model after the first version was launched in June 2017, the company said in a statement. It will be available in [...]
SEOUL, Dec. 20 (Korea Bizwire) — Hyundai Motor Co. announced on Monday the launch of the Universe Mobile Office bus, South Korea’s first mass-produced mobile office. The model is derived from Hyundai’s premium Universe bus, recreating it as an office space. Passengers can work and rest while they’re on the road. The private workspace consists of [...]
SEOUL, Dec. 19 (Korea Bizwire) — Genesis, the luxury brand of Hyundai Motor Co., has decided to halt new internal combustion engine models from 2025 amid a precipitous drop in the share of its diesel models in the domestic market. According to industry sources, Genesis saw its cumulative domestic sales reach 119,839 units in the [...]