SEOUL, June 12 (Korea Bizwire) — BMW Korea announced Thursday it has signed an extension with the LPGA Tour to run a tournament in South Korea until 2029. BMW Korea has been the title sponsor for the BMW Ladies Championship, the lone LPGA tournament held here each year, since 2019. The first two editions of [...]
SEOUL, June 12 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday that it has rejected a proposed mileage integration plan submitted by Korean Air Lines Co. and Asiana Airlines Inc., citing insufficient details and consumer benefit concerns. The Fair Trade Commission (FTC) said the plan, submitted earlier in the day as part of the [...]
ULSAN, South Korea, June 12 (Korea Bizwire) – Hyundai Motor’s labor union is demanding compensation of 20 million won (approximately $14,500) per worker in this year’s wage and collective bargaining talks, citing the Supreme Court’s 2024 ruling on the inclusion of regular bonuses in base pay calculations. Although the court limited retroactive application of the decision [...]
SEOUL, June 11 (Korea Bizwire) — Hyundai Mobis announced Wednesday it has developed a new rear safety control system that allows vehicles to autonomously accelerate to maintain a safe distance when being tailgated — a technological first aimed at enhancing driver protection on highways. The feature, which integrates rear-side radar sensors with front-facing cameras and driving [...]
SEOUL, June 10 (Korea Bizwire) — Kia Corp. announced Tuesday that it has begun mass production of its next-generation standard medium-duty military vehicles, marking the first full-scale model renewal in 48 years. The automaker held a rollout ceremony at its Autoland Gwangju plant, attended by over 100 officials, including senior representatives from the Ministry of National [...]
SEOUL, June 10 (Korea Bizwire) — Hyundai Motor Co. on Tuesday released the face-lifted Nexo hydrogen-powered sport utility vehicle (SUV) in South Korea, unveiling key features and price schemes for the fully revamped model. The upgraded hydrogen fuel cell electric vehicle (FCEV) model boasts a futuristic design that blends urban and outdoor utility, a driving [...]
SEOUL, June 9 (Korea Bizwire) – Kia Corp. on Monday unveiled the specifications and pricing for the PV5, the automaker’s first-ever electric purpose-built vehicle (PBV), and said it will begin accepting preorders this week. 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 [...]
SEOUL, June 8 (Korea Bizwire) — South Korea’s compact car market, once buoyed by economic downturns, is now facing a dramatic collapse, with annual sales expected to fall below 70,000 units for the first time in over a decade. According to data released June 8 by market tracker CarIsYou Data Research Institute, mini car registrations [...]
SEOUL, June 5 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will supply hydrogen-powered waste collection vehicles to Busan metropolitan city, under the municipality’s aim to convert its waste collection fleet system to clean energy. At an event held at Busan City Hall, Hyundai unveiled two hydrogen-powered waste collection truck models based on the [...]
SEOUL, June 5 (Korea Bizwire) — Tesla topped South Korea’s imported passenger car sales for the first time last month amid a sharp increase in electric vehicle (EV) demand, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), 28,189 imported passenger cars were newly registered in May, up 16.4 percent [...]