SEOUL, July 21 (Korea Bizwire) — Hyundai Motor Group said Monday it has donated 2 billion won (US$1.4 million) to support recovery efforts in areas hit by recent torrential rains in South Korea. The donation was delivered to the Hope Bridge Korea Disaster Relief Association to aid the swift restoration of flood-damaged regions and provide [...]
SEOUL, July 21 (Korea Bizwire) — Renault Group on Monday announced the appointment of Nicolas Paris as the new chief executive officer (CEO) of Renault Korea Motors Co., according to the automaker. According to Renault Korea, Paris will succeed current CEO Stephane Deblaise, who has been tapped to lead Renault Group’s operations in India, effective [...]
SEOUL, July 17 (Korea Bizwire) — South Korea aims to build a lunar base by 2045 under its new long-term national space exploration roadmap, the country’s space agency said Thursday. The Korea AeroSpace Administration (KASA) revealed the country’s latest space exploration vision during a public hearing at the National Research Foundation of Korea in the [...]
SEOUL, July 17 (Korea Bizwire) — On a breezy summer morning, deep in the rugged hills of Uljin County—an area scorched by South Korea’s devastating wildfires in 2022—a futuristic electric SUV stands poised for a mission of renewal. But this is no ordinary off-roader. It’s Hyundai Motor Company’s Ioniq 9 Seed Ball Drone Station: a [...]
SEOUL, July 17 (Korea Bizwire) — Imported vehicle registrations in South Korea have surged 38-fold over the past three decades, driven by diversifying consumer tastes, an industry association said Thursday. Annual imported car registrations rose from just 6,921 units in 1995 to 263,288 last year, the Korea Automobile Importers and Distributors Association (KAIDA) said in [...]
SEOUL, July 16 (Korea Bizwire) — LG Innotek has unveiled its latest automotive innovation—a next-generation digital key solution that enhances vehicle security, driver convenience, and child safety through precision wireless communication and AI-powered features. At a technology showcase held on July 15 at its Seoul headquarters, LG Innotek demonstrated a range of functionalities enabled by [...]
SEOUL, July 16 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched an upgraded model of its ST1 electric van, enhancing convenience features and adding a new budget-friendly trim for the cargo model. First launched last year, the ST1 is equipped with a 76.1 kilowatt-hour (kWh) battery that offers a range of up to 317 [...]
SEOUL, July 15 (Korea Bizwire) — Mercedes-Benz Korea on Monday unveiled the world’s first standalone brand center dedicated exclusively to its ultra-luxury Maybach line, highlighting South Korea’s growing importance as a key market for the German automaker. Located in Apgujeong-dong, Gangnam District, the newly opened Maybach Brand Center Seoul serves as both a showroom and service [...]
SEOUL, July 15 (Korea Bizwire) — In a move aimed at easing daily financial burdens on low-credit individuals, South Korea’s financial authorities are considering allowing postpaid transit card functions for people undergoing debt workout programs. The initiative is part of President Lee Jae-myung’s broader policy agenda to support financially distressed small business owners and delinquent [...]
SEOUL, July 14 (Korea Bizwire) — Genesis announced Monday that its flagship sedan, the G90, has been selected as the official ceremonial and protocol vehicle for Kuwait’s Ministry of Interior. The selection underscores the Kuwaiti government’s trust in the model’s premium quality and advanced safety features. A total of 47 G90 vehicles will be deployed—40 [...]