SEOUL, July 24 (Korea Bizwire) — General Motors will continue importing several vehicle models from South Korea despite profit headwinds from tariffs imposed during former U.S. President Donald Trump’s administration, the company said Tuesday. In the company’s second-quarter earnings call, GM CEO Mary Barra emphasized the strong performance of the automaker’s Korean assembly plants, calling [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Rotem Co., the train manufacturing subsidiary of South Korea’s Hyundai Motor Group, has submitted a bid for a new tram project in Warsaw, Poland, marking its latest push into the European urban rail market, industry sources said Wednesday. According to the sources, Hyundai Rotem participated in a tender [...]
SEOUL, July 23 (Korea Bizwire) — In a quiet patch of forest in Brazil, a tree begins to speak. Not in rustles or creaks, but in human language — telling stories of rising heat, thinning canopies, and soil growing thirstier by the day. Thousands of miles away in South Korea and the Czech Republic, other trees [...]
SEOUL, July 23 (Korea Bizwire) — Kia Corp. has unveiled key features of its PV5 purpose-built vehicle (PBV), highlighting the model’s class-leading interior space but with compact exterior dimensions, the company said Wednesday. The PV5 is a mid-sized PBV built on Hyundai Motor Group’s dedicated electric platform E-GMP.S, and designed to serve both personal and [...]
SEOUL, July 22 (Korea Bizwire) — Jeju Air Co., South Korea’s leading low-cost carrier, said Tuesday it has added its sixth Boeing B737-8 aircraft as part of efforts to modernize its fleet. With the latest acquisition, Jeju Air now operates a total of 44 aircraft, with 42 passenger planes and two cargo aircraft. The airline [...]
SEOUL, July 22 (Korea Bizwire) — Hanwha Aerospace Co. is well positioned to lead maintenance, repair and overhaul (MRO) operations for the U.S. Army’s CH-47 Chinook helicopter engines under a new South Korea-U.S. defense cooperation pilot project, a company official said Tuesday Earlier in the day, South Korea’s defense ministry announced that the two countries [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will supply official vehicles for high-level Asia-Pacific Economic Cooperation (APEC) ministerial meetings to be hosted by South Korea next month. The automotive group signed an agreement with the Ministry of Trade, Industry and Energy to provide official vehicles for the 15th APEC Energy [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Group’s electric vehicle (EV) exports to the United States plummeted by 88% in the first five months of 2025 compared to the same period last year, reflecting the combined impact of local production ramp-up and sluggish U.S. sales. According to the Korea Automobile & Mobility Association (KAMA), [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s imported car market is on a sharp rebound in 2025, reversing a two-year contraction as demand for eco-friendly and high-end models soars, supported by a wave of new releases and increased purchases by consumers in their 40s and corporate buyers. According to the Korea Automobile Importers & [...]
SEOUL, July 21 (Korea Bizwire) — Hyundai Motor and Kia are forecast to post lackluster second-quarter earnings this week, as newly imposed U.S. tariffs on specific automotive categories weigh on profitability despite modest revenue growth. According to South Korean auto industry sources on Monday, Hyundai is scheduled to announce its Q2 results on July 24, [...]