SEOUL, June 24 (Korea Bizwire) — While global consumers continue to favor monochromatic car colors, South Korean buyers are increasingly opting for vibrant, expressive hues, according to a new report by global coatings manufacturer Axalta. The report, released on June 22, shows that in 2024, 24% of cars sold in South Korea featured chromatic (non-neutral) [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Co.’s vehicle exports from its U.S. plant plunged last month, industry data showed Sunday, as the company accelerates production realignment strategies to cope with rising tariff tensions. Hyundai Motor Manufacturing Alabama (HMMA), a U.S. production unit of the South Korean automaker, exported just 14 vehicles in June, [...]
SEOUL, June 20 (Korea Bizwire) — South Korea’s space agency said Friday it plans to develop a reusable space launch vehicle by 2035 in a bid to keep pace with the rapidly shifting landscape of the global space industry. The Korea AeroSpace Administration (KASA) has been working to modify its 2.1 trillion-won (US$1.53 billion) project [...]
SEOUL, June 20 (Korea Bizwire) — Seoul’s subway system has faced a deluge of temperature-related complaints in recent months, with over 283,000 grievances filed from January through May, according to Seoul Metro. The figure accounts for 75.5% of all customer service issues reported during the five-month period. As temperatures rose in May, so did commuter frustration, [...]
SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Thursday signed a memorandum of understanding (MOU) with the government to jointly develop and commercialize a next-generation connected digital tachograph for commercial vehicles, the automakers said Thursday. The automakers, together with the transport ministry and the state-run Korea Transportation Safety Authority, plan [...]
SEOUL, June 19 (Korea Bizwire) — Kia Corp. on Thursday launched updated versions of its flagship K5 and K8 sedans in South Korea by adding a new trim packed with high-demand features. Newly added for both models is the Best Selection trim, which combines popular features at competitive pricing. For the K5, the new trim [...]
SEOUL, June 17 (Korea Bizwire) — For the first time in South Korean history, eco-friendly vehicles—including electric, hybrid, and plug-in hybrid models—surpassed internal combustion engine (ICE) vehicles in domestic monthly sales, signaling a significant market shift as electric vehicle (EV) concerns begin to ease. According to data released Tuesday by the Ministry of Trade, Industry [...]
SEOUL, June 16 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s leading battery manufacturer, said Monday it has secured a deal with China’s Chery Automobile Co. to supply cylindrical electric vehicle (EV) batteries. Under the deal, LG Energy Solution will supply a combined 8 gigawatt-hours of its next-generation 46-series cylindrical batteries to Chery Automobile [...]
SEOUL, June 16 (Korea Bizwire) — For the second year running, Hyundai Motor Group has taken the crown as the top-performing global automotive group in the U.S. Insurance Institute for Highway Safety’s (IIHS) annual crash safety evaluations—a testament to the company’s deepening commitment to vehicle safety in an increasingly competitive and regulated market. This year, the [...]
SEOUL, June 16 (Korea Bizwire) — After completing a successful safety trial, Seoul will expand its late-night autonomous taxi service to cover all of the Gangnam district starting June 16, city officials announced Sunday. The program, launched in September 2024 as South Korea’s first public self-driving taxi pilot, currently operates between select neighborhoods such as Yeoksam, [...]