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Falcon Makes First European Appearance at EBACE 2025

Falcon Makes First European Appearance at EBACE 2025

DUBAI, United Arab Emirates, May 16, 2025 (Korea Bizwire) — With EBACE 2025 just days away, Falcon, part of Alex Group Investment, is getting ready to welcome visitors at its booth during Europe’s leading business aviation event, taking place from May 20 to 22 at Palexpo, Geneva, Switzerland. This will be Falcon’s first time exhibiting [...]

Kia Partners with IIT Tirupati to Foster Local Talent, Strengthen Future Mobility in India

Kia Partners with IIT Tirupati to Foster Local Talent, Strengthen Future Mobility in India

SEOUL, May 14 (Korea Bizwire) — Kia Corp. said Tuesday it has partnered with the Indian Institute of Technology (IIT) Tirupati to cooperate in fostering local engineering talent and enhancing future mobility capabilities in the South Asian nation. Under their memorandum of understanding signed Friday, the South Korean automaker will invest 350 million rupees (US$4.1 [...]

Kia Unveils Wheelchair-Friendly PV5 Model at Future of The Car Summit in London

Kia Unveils Wheelchair-Friendly PV5 Model at Future of The Car Summit in London

SEOUL, May 13 (Korea Bizwire) — Kia Corp. said Tuesday it has unveiled the PV5 wheelchair-accessible vehicle (WAV) at the Future of the Car Summit in London, highlighting the company’s efforts to promote inclusive mobility. Showcased at the automotive industry event hosted by the Financial Times, the PV5 WAV is designed to enhance freedom of [...]

KG Mobility Partners with Indonesia’s PT Pindad to Boost National EV and Car Production

KG Mobility Partners with Indonesia’s PT Pindad to Boost National EV and Car Production

SEOUL, May 13 (Korea Bizwire) — KG Mobility Corp. said Tuesday it has partnered with Indonesia’s state-run defense company PT Pindad to collaborate on a national car and electric bus project for the Southeast Asian country. The South Korean automaker said it signed a heads of agreement (HOA) with PT Pindad at the latter’s headquarters [...]

Korean Air to Acquire 10 Pct Stake in Canada’s WestJet to Boost N. American Operations

Korean Air to Acquire 10 Pct Stake in Canada’s WestJet to Boost N. American Operations

SEOUL, May 9 (Korea Bizwire) — Korean Air Lines Co., South Korea’s leading air carrier, said Friday it will acquire a 10 percent stake in WestJet, Canada’s second-largest airline, in a bid to strengthen its presence in the North American market. The South Korean airline’s board approved the US$220 million deal earlier in the day, [...]

Hyundai’s Ioniq 9, Kia’s EV3 Named Best Models at Top Gear Awards

Hyundai’s Ioniq 9, Kia’s EV3 Named Best Models at Top Gear Awards

SEOUL, May 9 (Korea Bizwire) — Hyundai Motor Co.’s Ioniq 9 and Kia Corp.’s EV3 have been named the best models in their respective categories at this year’s TopGear.com Electric Awards, Hyundai Motor Group said Friday. With the latest recognition, the South Korean automotive group has received awards for five Hyundai vehicles and two Kia [...]

Hybrid and EV models surge despite overall dip in foreign car sales

Hybrid and EV models surge despite overall dip in foreign car sales

SEOUL, May 8 (Korea Bizwire) — The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 percent of the total, industry data showed Thursday. According to the Korea Automobile Importers and Distributors Association [...]

Samsung and LG’s Automotive Electronics Divisions Surge, Rivaling Traditional Consumer Units

Samsung and LG’s Automotive Electronics Divisions Surge, Rivaling Traditional Consumer Units

SEOUL, May 5 (Korea Bizwire) —  Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]