SEOUL, Jan. 12 (Korea Bizwire) — Genesis, Hyundai Motor Group’s luxury brand, is rapidly reshaping the U.S. premium car market, overtaking established rivals and narrowing the gap with long-dominant players after a decade of steady expansion. According to Automotive News, Genesis sold 82,331 vehicles in the United States last year, surpassing Infiniti, which recorded sales of [...]
SEOUL, Jan. 9 (Korea Bizwire) — Registrations of diesel vehicles in South Korea fell below 100,000 for the first time last year, underscoring the rapid retreat of a powertrain that once dominated the market as the country accelerates its shift toward low-carbon transportation. According to data released Wednesday by Kaiz You Data Research Institute, a total [...]
LAS VEGAS•SEOUL, Jan. 7 (Korea Bizwire) — Hyundai Motor Group placed robotics, rather than automobiles, at the center of its CES 2026 showcase in Las Vegas this week, signaling a strategic push to bring artificial intelligence–driven robots from research labs into factories and everyday life. Under the theme “AI Robotics, Beyond the Lab and Into Life,” [...]
LAS VEGAS, Jan.7 (Korea Bizwire) – The head of South Korea’s automotive giant Hyundai Motor Group met Tuesday (local time) with the chief executive officer (CEO) of Nvidia Corp. on the sidelines of CES 2026, raising expectations that the companies could partner in autonomous driving technologies. According to industry sources, Euisun Chung, executive chair of [...]
LAS VEGAS, Jan.7 (Korea Bizwire) – Lee Seok-hee, chief executive officer (CEO) of battery maker SK On Co., on Tuesday explored opportunities to expand business partnerships with Geely Auto and Hyundai Motor Group at CES 2026 in Las Vegas. “I visited CES at the request of our customers,” Lee told Yonhap News Agency after touring [...]
SEOUL, Jan. 6 (Korea Bizwire) — Hyundai Motor Group plans to develop a new headquarters complex in southern Seoul comprising three 49-story towers by 2031, following a revised agreement with the Seoul city government, city officials said Tuesday. The updated plan replaces Hyundai’s earlier proposal for a single 105-story skyscraper, which ran into regulatory obstacles including [...]
SEOUL, Jan. 6 (Korea Bizwire) — Sales of imported vehicles in South Korea increased nearly 17 percent on-year in 2025, with BMW maintaining its market lead in the country for the third consecutive year, industry data showed Tuesday. According to the data from the Korea Automobile Importers & Distributors Association (KAIDA), registrations of new imported [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung said artificial intelligence will reshape industrial competition and open new growth avenues for the company, while warning that success will depend on quicker decision-making and clearer internal communication as global risks intensify. In a prerecorded New Year’s roundtable with senior executives released Monday, [...]
SEOUL, Jan. 4 (Korea Bizwire) — Genesis, the luxury marque spun off from South Korea’s Hyundai Motor Group a decade ago, has passed a global sales milestone, underscoring its steady ascent in the fiercely competitive premium auto market. The brand’s cumulative sales reached 1.51 million vehicles as of November, according to data released Sunday by Hyundai [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics is deepening its long-running partnership with BMW by expanding cooperation from batteries and displays into automotive semiconductors, underscoring Chairman Lee Jae-yong’s push to position vehicle electronics as a core growth engine for the group. Under the latest agreement, Samsung will supply its in-house automotive processor, Exynos Auto, for [...]