SEOUL, Aug. 27 (Korea Bizwire) — The transport ministry said Wednesday it will ban the use of plastic bags for portable battery storage on airplanes and instead require insulation tape as part of an updated in-flight safety measure for battery packs. The revision, set to take effect on Monday, comes after the government introduced a [...]
SEOUL, Aug. 26 (Korea Bizwire) — Uber announced Tuesday that it will introduce its subscription-based membership program in South Korea next month, escalating competition in the country’s mobility market as rivals race to lock in loyal customers. At a press briefing in Seoul, Uber Taxi Korea head Song Jin-woo said the service, called Uber One, [...]
SEOUL, Aug. 26 (Korea Bizwire) — Korean Air Co. said Tuesday it has signed a US$50 billion agreement to purchase over 100 new planes and aircraft spare engines from Boeing Co. and GE Aerospace during President Lee Jae Myung’s visit to Washington. The deal, the largest in the airline’s history, builds on Korean Air’s previous [...]
SEOUL, Aug. 26 (Korea Bizwire) — Tesla announced Tuesday that it will formally launch its long-awaited Cybertruck in South Korea, underscoring growing demand for high-end electric vehicles in one of the world’s most tech-savvy markets. Two trims will be offered: the all-wheel-drive (AWD) model, with an estimated range of 520 kilometers, and the Cyberbeast, with [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s automotive giant Hyundai Motor Group has decided to increase to US$26 billion its investment commitment to the United States over the next four years, with a focus on steel, automobiles and robotics, the group said Tuesday. The investment, which was unveiled following President Lee Jae Myung’s first [...]
SEOUL, Aug. 25 (Korea Bizwire) – Unionized workers of Hyundai Motor Co. on Monday voted in favor of launching a strike to demand higher pay, the union said, a move that could lead to the company’s first walkout in seven years. In a daylong vote, 86.15 percent of members supported the strike plan, with nearly [...]
SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Motor Co. and its luxury brand Genesis said Monday they have been named leading carmakers in terms of technology experience by U.S. market research firm J.D. Power. Hyundai ranked first for the sixth consecutive year among mass-market brands in the 2025 U.S. Tech Experience Index (TXI) study, scoring [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s National Fire Research Institute announced Sunday that it will pilot new visual and audio devices designed to reduce ambulance collisions at intersections, deploying them across seven regions over the next three months. The system combines a “logo light,” which projects warning messages such as “ambulance approaching” onto [...]
SEOUL, Aug. 25 (Korea Bizwire) — The city of Seoul announced Sunday that it will introduce South Korea’s first fully driverless autonomous shuttle as early as late September, marking a milestone in the country’s push toward next-generation urban mobility. The 11-seat shuttle, developed by domestic start-up Autonomous AtoZ, was built from the ground up for self-driving purposes. [...]
SEOUL, Aug. 24 (Korea Bizwire) — As South Korea’s ruling party presses ahead with the passage of the so-called Yellow Envelope Law, one of the country’s most prominent foreign manufacturers, GM Korea, has urged the government to reconsider, warning that its Korean operations could face a reassessment by Detroit headquarters. At a closed-door meeting convened [...]