SEOUL, June 25 (Korea Bizwire) – Once the dominant force in South Korea’s imported vehicle market, diesel-powered passenger cars are facing a steep decline as consumers increasingly turn to cleaner alternatives. According to data released Tuesday by the Korea Automobile Importers & Distributors Association (KAIDA), only 1,469 imported diesel passenger vehicles were sold in South [...]
SEOUL, June 24 (Korea Bizwire) — While global consumers continue to favor monochromatic car colors, South Korean buyers are increasingly opting for vibrant, expressive hues, according to a new report by global coatings manufacturer Axalta. The report, released on June 22, shows that in 2024, 24% of cars sold in South Korea featured chromatic (non-neutral) [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Co.’s vehicle exports from its U.S. plant plunged last month, industry data showed Sunday, as the company accelerates production realignment strategies to cope with rising tariff tensions. Hyundai Motor Manufacturing Alabama (HMMA), a U.S. production unit of the South Korean automaker, exported just 14 vehicles in June, [...]
SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Thursday signed a memorandum of understanding (MOU) with the government to jointly develop and commercialize a next-generation connected digital tachograph for commercial vehicles, the automakers said Thursday. The automakers, together with the transport ministry and the state-run Korea Transportation Safety Authority, plan [...]
SEOUL, June 16 (Korea Bizwire) — For the second year running, Hyundai Motor Group has taken the crown as the top-performing global automotive group in the U.S. Insurance Institute for Highway Safety’s (IIHS) annual crash safety evaluations—a testament to the company’s deepening commitment to vehicle safety in an increasingly competitive and regulated market. This year, the [...]
SEOUL, June 16 (Korea Bizwire) — After completing a successful safety trial, Seoul will expand its late-night autonomous taxi service to cover all of the Gangnam district starting June 16, city officials announced Sunday. The program, launched in September 2024 as South Korea’s first public self-driving taxi pilot, currently operates between select neighborhoods such as Yeoksam, [...]
SEOUL, June 13 (Korea Bizwire) — Hyundai Motor Group said Friday that its U.S.-based autonomous driving joint venture, Motional, has officially appointed robotics and artificial intelligence (AI) expert Laura Major as its president and chief executive officer (CEO). Major, who had served as the company’s chief technology officer (CTO) since its founding in 2020, was [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor is doubling down on its push into the high-performance electric vehicle market with the upcoming debut of the Ioniq 6 N, a sleek and powerful EV sedan poised to rival models like the Porsche Taycan. On Thursday, the automaker released teaser images of the Ioniq 6 N, [...]
SEOUL, June 12 (Korea Bizwire) — BMW Korea announced Thursday it has signed an extension with the LPGA Tour to run a tournament in South Korea until 2029. BMW Korea has been the title sponsor for the BMW Ladies Championship, the lone LPGA tournament held here each year, since 2019. The first two editions of [...]
ULSAN, South Korea, June 12 (Korea Bizwire) – Hyundai Motor’s labor union is demanding compensation of 20 million won (approximately $14,500) per worker in this year’s wage and collective bargaining talks, citing the Supreme Court’s 2024 ruling on the inclusion of regular bonuses in base pay calculations. Although the court limited retroactive application of the decision [...]