SEOUL, Oct. 31 (Korea Bizwire) — Although announced nearly three years ago by the South Korean government, the proposed merger of Korean Air Co. and Asiana Airlines Inc., the country’s two full-service carriers, still faces a tough uphill battle in securing regulatory approval across key markets. In November 2020, Korean Air signed a deal to [...]
SEOUL, Oct. 30 (Korea Bizwire) –The inaugural “hydrogen-powered cleaning vehicle” is set to make its debut in Dongjak-gu, Seoul. Until this point, hydrogen-powered vehicles were primarily limited to passenger cars, buses, and cargo vehicles. However, this marks the first instance where a specialized hydrogen vehicle is designed for waste collection and transportation purposes. These innovative [...]
SEOUL, Oct. 30 (Korea Bizwire) — Exports of passenger cars moved up 16 percent in the third quarter of 2023 from a year earlier following robust demand for eco-friendly models, data showed Monday. South Korean carmakers shipped US$14.6 billion worth of passenger cars over the July-September period, rising from $12.6 billion tallied a year earlier, [...]
SEOUL, Oct. 30 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide Monday on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for its takeover of the rival. The EU antitrust regulators have raised concerns that [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai is on the cusp of achieving double-digit market share in the U.S. electric vehicle (EV) segment. It’s intriguing to observe whether Hyundai can solidify its position as a pioneer in the American transition to electrification. During the third quarter of this year, Hyundai successfully sold 21,638 electric vehicles in [...]
WASHINGTON, Oct. 27 (Korea Bizwire) – The United States will pursue a modern variant of the B61 nuclear gravity bomb, a centerpiece of America’s nuclear stockpile, to respond to a “rapidly evolving” security environment, the Department of Defense said Friday. The move to produce the variant, designated as the B61-13, comes as the U.S. is [...]
SEOUL, Oct. 26 (Korea Bizwire) — Kia Corp., Ford Sales & Service Korea and four other car companies will voluntarily recall over 75,000 vehicles due to defective components, the transport ministry said Thursday. The companies, which also include Hyundai Motor Co., BMW Korea, Porsche Korea and Mercedes-Benz Korea, are recalling a combined 75,348 units of [...]
SEOUL, Oct. 25 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, said Wednesday it plans to sell refurbished used cars produced by the company, similar to the program launched by its larger affiliate, Hyundai Motor Co., this week. The company announced it will start selling refurbished secondhand Kia units, including both electric vehicles (EVs) [...]
SEOUL, Oct. 25 (Korea Bizwire) — A total of 500 aircraft incidents involving bird collisions have been reported in airports across South Korea over the past five years, according to data Wednesday. According to the data unveiled by Rep. Heo Jong-sik of the main opposition Democratic Party, the total number of aircraft bird strike cases [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. on Tuesday began selling refurbished used cars produced by the company and its luxury brand Genesis, with a goal of selling 5,000 certified secondhand models within the year. The company launched its “Hyundai Certified” and “Genesis Certified” initiatives under which customers can purchase secondhand models that [...]