SEOUL, Dec. 9 (Korea Bizwire) – On Thursday, Hyundai Motor Group proudly announced its achievement of securing four top accolades in the 2024 Best Buy Awards by Kelley Blue Book, a prominent U.S. automotive publication. The Hyundai Ioniq 5 was acknowledged as the premier electric vehicle (EV), the Hyundai Kona claimed the title of best [...]
SEOUL, Dec. 9 (Korea Bizwire) – Kia’s expansive electric Sport Utility Vehicle (SUV), the EV9, has recently been recognized as the safest car in Europe. The announcement came on Thursday, with Kia revealing that the EV9, introduced in March of this year, has secured a five-star rating from the European New Car Assessment Program (Euro [...]
SEOUL, Dec. 8 (Korea Bizwire) — Sales of imported electric vehicles (EVs) in South Korea reached an all-time annual high during the January-November period, industry data showed Friday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of imported EVs sold during the 11 month-period, excluding Tesla models, stood at 23,251, beating [...]
SEOUL, Dec. 8 (Korea Bizwire) – Mercedes-Benz Korea announced on Thursday the successful conclusion of this year’s Startup Autobahn Korea with an “Expo Day” held at a multicultural space in Seongdong-gu, Seoul. The event showcased the final development results of nine companies that participated in the fourth edition of the program. Established by Mercedes-Benz Group AG [...]
SEOUL, Dec. 7 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc. has sold over 15,000 vehicles in South Korea this year, driven by strong demand of its affordable Model Y car produced in China, according to government and industry data Thursday. According to the transportation ministry data, the number of Tesla vehicles sold in [...]
SEOUL, Dec. 6 (Korea Bizwire) — The antitrust regulator of the European Union announced Wednesday it plans to make a provisional decision on whether to approve a merger deal between Korean Air Co. and Asiana Airlines by mid-February. The European Commission (EC), the executive body of the EU, set its provisional deadline for the review by Feb. 14, according to its official [...]
SEOUL, Dec. 6 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Wednesday it has released a face-lifted version of its Tucson SUV. The front features a redesigned grille with angular shapes, and its rear bumper molding and skid plate have been expanded horizontally, Hyundai said in a statement. Inside, the face-lifted model [...]
SEOUL, Dec. 6 (Korea Bizwire) – The prevailing trend in the automotive market is currently centered around the craze for plug-in hybrid electric vehicles (PHEV), marking a notable shift in consumer preferences. Despite the somewhat sluggish sales of fully electric vehicles, hybrids, previously considered a passing fad, are experiencing a resurgence. This revival is evident in [...]
SEOUL, Dec. 6 (Korea Bizwire) – Concerns persist regarding the urea crisis, as Chinese authorities have imposed a blockade on urea exports to South Korea, with speculation that this situation may extend into the first quarter of next year. The sudden suspension of industrial urea clearance from China to South Korea has intensified the supply chain [...]
SEOUL, Dec. 5 (Korea Bizwire) – An autonomous city bus is set to operate in the heart of Seoul during late-night hours, marking a significant development in the city’s autonomous transportation landscape. While autonomous shuttle buses have been deployed in specific areas like Sangam-dong, along the Cheonggyecheon stream, and Yeouido, this marks the debut of a [...]