SEOUL, Jan. 22 (Korea Bizwire) — Volvo Cars on Thursday introduced the EX60, its first midsize all-electric sport utility vehicle, at a global debut event in Stockholm, positioning the model as a major step in the company’s transition toward fully electric mobility. Built on Volvo’s new SPA3 electric vehicle architecture, the EX60 offers a driving range [...]
SEOUL, Jan. 21 (Korea Bizwire) – Kia Corp. plans to expand its global youth vocational training initiative to three additional countries this year, the company said Wednesday, underscoring its commitment to help emerging countries build foundations for self-reliant communities. The program, named Bootcamp, will be extended to Ecuador, South Africa and Singapore in 2026, in [...]
SEOUL, Jan. 20 (Korea Bizwire) – The market capitalization of Hyundai Motor Co. was seen approaching the 100 trillion-won (US$67.7 billion) level for the first time Tuesday, as growing investor optimism over its robotics and autonomous driving initiatives drove the company’s share price toward record highs. The share price of Hyundai Motor rose as high [...]
SEOUL, Jan. 19 (Korea Bizwire) — General Motors has opened a new premium showroom in Seoul’s Songpa district, marking its first integrated retail space in South Korea for luxury brands Cadillac and GMC, the company said on Monday. The Songpa showroom is GM’s first premium-channel dealership in the country to sell new vehicles from both brands [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Motor’s compact sedan Elantra has surpassed 4 million cumulative sales in the United States, a rare achievement for a passenger car in a market dominated by sport-utility vehicles and pickup trucks. The milestone, reached in December 2025, makes the Elantra the first Korean-made vehicle to exceed 4 million sales [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. captured a record share of the U.S. auto market in 2025, buoyed by expanded local manufacturing and surging hybrid sales, even as Washington’s tougher trade policies weighed on global automakers. The South Korean auto group sold a combined 1.84 million vehicles in the U.S. [...]
SEOUL, Jan. 15 (Korea Bizwire) – The Palisade sport utility vehicle (SUV) of Hyundai Motor Co. has been recognized by leading automotive reporters in the United States and Canada as one of the best SUVs on the market, the South Korean automaker said Thursday. The Palisade was among the recipients of the 2026 North American [...]
SEOUL, Jan. 13 (Korea Bizwire) — Unionized city bus drivers in Seoul began an indefinite strike early Tuesday after marathon wage talks with management collapsed, bringing all intracity bus services to a halt and raising fears of widespread commuting disruptions in the capital. Negotiations stretched for more than 10 hours into the early morning, but ended [...]
SEOUL, Jan. 13 (Korea Bizwire) – Genesis, the independent luxury brand of Hyundai Motor Group, on Tuesday launched the GV60 Magma, its first high-performance electric vehicle (EV), in South Korea, the company said. The GV60 Magma delivers the strongest performance among Genesis EV models, accelerating from zero to 200 kilometers per hour (kph) in 10.9 [...]
SEOUL, Jan. 12 (Korea Bizwire) – Genesis, the independent luxury brand of Hyundai Motor Group, on Monday launched an updated lineup of the G70 sedan, which includes a new performance-enhanced Graphite Edition trim, the automaker said. For refreshed G70 and G70 Shooting Brake trims, Genesis made the previous Comfort Package configuration standard, which includes a [...]