SEOUL, Feb. 6 (Korea Bizwire) – General Motors CEO Mary Barra will visit Seoul this week to meet with leaders of major South Korean battery makers, industry sources said Tuesday. Barra plans to fly into Seoul on Wednesday to meet with Kim Dong-myung, president of LG Energy Solution Ltd. (LGES), and Choi Yoon-ho, CEO of [...]
SEOUL, Feb. 4 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Sunday it will launch four new vehicles, including two electric models, this year to strengthen its presence in the domestic market. GM Korea plans to introduce two pure electric models — the Cadillac Lyriq SUV and the [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s industry ministry said Friday it plans to continue to engage in negotiations with the French government on its new electric vehicle (EV) subsidy policy with “unbiased data,” after it excluded domestically produced models from the program. “The government, along with local companies, will proactively address the French [...]
SEOUL, Feb. 2 (Korea Bizwire) — Indonesian engineers have been under investigation over allegedly stealing technologies related to the KF-21 fighter jet under development, the state-run procurement agency said Friday. The engineers dispatched to Korea Aerospace Industries (KAI) are under suspicion of storing data on KF-21 development on a USB, according to the Defense Acquisition [...]
SEOUL, Feb. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Thursday its vehicle sales more than doubled in January from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 43,194 vehicles in January, up 165.8 percent from a year ago on [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday its January sales rose 1.8 percent from a year earlier helped by strong overseas demand. Hyundai Motor sold 315,555 vehicles in January, up from 310,123 units a year earlier, the company said in a statement. Overseas sales rose 2.8 percent [...]
SEOUL, Feb. 1 (Korea Bizwire) — Boats will run in the Han River like buses starting in October on a seven-stop route between the northwestern district of Magok and the southeastern district of Jamsil, the Seoul city government said Thursday. The Hangang River Bus service will reduce the travel time between Jamsil and the financial [...]
SEOUL, Jan. 31 (Korea Bizwire) — A U.S. F-16 fighter jet crashed in waters off South Korea’s west coast on Wednesday and the pilot was rescued after ejecting from the aircraft, the U.S. Air Force said. The jet assigned to the 8th Fighter Wing in Kunsan Air Base, about 180 kilometers south of Seoul, experienced [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea called for the United States on Wednesday to come up with “reasonable” regulations on limiting the sourcing of critical minerals and components from countries like China to qualify for U.S. incentives for electric vehicles (EVs), the foreign ministry said. Second Vice Foreign Minister Kang In-sun delivered the [...]
YONGIN, Jan. 31 (Korea Bizwire) – A keen observation by a firefighter specializing in fire investigation has led to the discovery of a vehicle defect causing repeated fires in a specific part of Renault SM3 cars. Yang Won-seok, a fire marshal at the Yongin Fire Station under the Gyeonggi Province Fire and Disaster Headquarters, first noticed [...]