SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Group has emerged as the world’s second-most profitable automaker in the first half of 2025, surpassing Germany’s Volkswagen Group, despite facing challenges like U.S. tariffs and global supply chain disruptions. According to the Korea Automotive Research Institute’s analysis, Hyundai sold 3.65 million vehicles globally in the first half [...]
SEOUL, Aug. 10 (Korea Bizwire) — Genesis, the independent luxury auto brand of South Korea’s Hyundai Motor Group, said Sunday that it has officially entered the Egyptian market, marking its debut in the broader Middle East and Africa region. Genesis held a launch event in Egypt on Thursday (local time) and opened its first permanent showroom [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Rotem Co., the rolling stock unit of South Korea’s Hyundai Motor Group, said Friday it has delivered the first batch of trams to the city of Edmonton in Canada under a 2021 supply deal. The initial batch is part of a 218.8 billion-won (US$157.3 million) contract signed in [...]
BRISBANE, Aug. 8 (Korea Bizwire) – On a brisk Monday morning at Brisbane’s Riverside terminal, a sleek CityCat ferry glides into the dock. As the vessel secures to the pier, office workers in suits disembark with the efficiency of a well-rehearsed routine. The scene reflects a transportation model that has become both a practical commuter service [...]
SEOUL, Aug. 7 (Korea Bizwire) — U.S.-made vehicles are gaining unprecedented traction in South Korea’s import car market, fueled largely by the surging popularity of Tesla and the easing of non-tariff trade barriers under recent Korea-U.S. trade negotiations. According to auto data firm CarIsYou Data Research Institute, 7,362 U.S.-made passenger vehicles were sold in South [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor Company and General Motors announced plans on Thursday to jointly develop five new vehicles as part of a sweeping strategic alliance aimed at expanding their presence across the Americas. The lineup is expected to roll out by 2028. The partnership, first outlined in a memorandum of understanding signed [...]
SEOUL, August 6 (Korea Bizwire) — South Korea has nearly completed the installation of more than 10,000 smart electric vehicle (EV) chargers designed to prevent overcharging-related fires, the Ministry of Environment announced on Tuesday. As part of a broader rollout that began last year, 42,032 smart chargers are being deployed nationwide, with 11,039 units already [...]
SEOUL, August 5 (Korea Bizwire) — A team of South Korean scientists has unveiled a breakthrough in electric vehicle (EV) battery technology that could extend battery life more than fivefold, potentially revolutionizing the performance and longevity of EVs. Researchers led by Professor Cho Chang-shin of POSTECH (Pohang University of Science and Technology) and Professor Yoon Sung-hoon [...]
SEOUL, Aug. 5 (Korea Bizwire) — Korean Air Co., South Korea’s leading air carrier, said Tuesday it will begin offering its newly introduced premium class seats on retrofitted Boeing 777-300ER aircraft in mid-September. Positioned between business and economy seats, the new premium class seats offer enhanced seating and in-flight services, with fares priced at around [...]
Test run in Trojena highlights group’s technological edge in extreme conditions SEOUL, Aug. 4 (Korea Bizwire) — Hyundai Motor Group said Monday it had successfully demonstrated hydrogen-powered commercial vehicle technology in Saudi Arabia’s Neom, reinforcing its position as a key partner in the kingdom’s ambitious smart city initiative. The South Korean automaker shared video footage [...]