SEOUL, May 2 (Korea Bizwire) — Renault Korea Motors is running a ‘Create Your SM6′ campaign until May 26, using AI technology to create personalized SM6 images and turning them into NFTs. The campaign is centered on the INSPIRE trim of the all-new SM6 TCe 300, which elevates the design and performance of the SM6 [...]
SEOUL, May 2 (Korea Bizwire) — Instead of sluggish demand for products like TVs and semiconductors, South Korea’s major tech companies are finding a new cash cow in the automotive business. Harman International, an automotive electronics subsidiary of Samsung Electronics Co., recorded sales of 3.17 trillion won ($2.36 billion) and an operating profit of 130 [...]
SEOUL, May 1 (Korea Bizwire) — As software-driven vehicles (SDVs) begin to shape the mainstream automobile landscape, more and more vehicles will be personalized to buyers’ preferences without the hassle of visiting an auto repair shop. Take the EV9, for example. Kia Corp. is set to launch its second dedicated electric vehicle, the EV9, in [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Group could become the world’s No. 1 carmaker in terms of sales volume within a few years, a local brokerage house said Sunday. Samsung Securities Co. predicted in its latest report that the group would rise from third place last year to first [...]
SEOUL, April 29 (Korea Bizwire) — The rankings for sales of imported cars have undergone significant changes this year, with Mercedes-Benz, BMW, Audi, and Volkswagen no longer dominating the market. In the first quarter of this year, Volvo has overtaken Volkswagen to claim the fourth spot, while new players such as Lexus and Porsche are [...]
SEOUL, April 28 (Korea Bizwire) — Exports of passenger cars climbed 41 percent in the first quarter of 2023 from a year earlier to set a new record, data showed Friday, due to the robust overseas demand for eco-friendly vehicles. Carmakers in South Korea shipped passenger cars worth a combined US$15.4 billion over the January-March [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor has launched the 2023 Casper with a new trim and additional exterior colors. The new trim, “The Essential Light,” includes standard features such as heated and ventilated seats, push-button start, smart key, and leatherette seats. The Casper now has four trims: Smart, D-Essential Lite, D-Essential, and Inspiration. [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor Group has won 27 awards, including gold and main prizes, at the 2023 iF Design Awards organized by the International Forum Design in Germany. The awards were won in six categories, marking the highest number of awards ever won by the company. The IONIQ 6 won [...]
SEOUL, April 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday its first-quarter net profit more than doubled from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March jumped to 2.119 trillion won (US$1.58 billion) from 1.032 trillion won [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its first-quarter net profit jumped 92 percent from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March rose to 3.42 trillion won (US$2.56 billion) from 1.78 trillion won during the same [...]