SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Motor Group is on the verge of achieving its annual global sales target for the first time in more than a decade, helped by easing tariff pressures in the United States and surging demand for hybrid and electric vehicles in key overseas markets, the company said Tuesday. The group [...]
SEOUL, Dec. 9 (Korea Bizwire) — Kia Corp.’s PV5 Cargo model has received the highest safety rating of five stars from the European New Car Assessment Program (Euro NCAP), according to the automaker Tuesday. The PV5 earned praise across all major assessment categories for commercial vans in 2025, including driving safety, crash avoidance and post-crash [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hyundai Rotem Co., the defense and train subsidiary of Hyundai Motor Group, will participate in a major rail industry exhibition in Morocco to showcase a wide range of integrated railway solutions, the company said Tuesday. The company will participate in the two-day Rail Industry Summit Morocco to be held [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Monday it has signed a battery supply deal worth 2.06 trillion won (US$1.39 billion) with Mercedes-Benz AG. The supply, which will begin in March 2028, will run through June 2035, LG Energy Solution said in a regulatory filing. The volume [...]
SEOUL, Dec. 8 (Korea Bizwire) — All 12 cube satellites deployed by South Korea’s homegrown rocket Nuri last month have established communication with ground stations, their developers said Monday, setting a new milestone following the successful fourth launch of the space rocket. The 200-ton Nuri blasted off from Naro Space Center in the country’s southern [...]
SEOUL, Dec. 8 (Korea Bizwire) — Hyundai Mobis, South Korea’s largest auto parts maker, said Monday it has established a second research and development center in India as global carmakers turn to the country for more sophisticated automotive software and core components. The new facility, located in Bengaluru, will focus on specialized software development and will [...]
SEOUL, Dec. 5 (Korea Bizwire) — Korean Air Co. and its four affiliated airlines said Friday they will adopt SpaceX’s Starlink satellite internet service on their flights starting next year. Korean Air and four other airlines — full-service carrier Asiana Airlines Inc. and low-cost carriers Jin Air Co., Air Busan Co. and Air Seoul Inc. — [...]
SEOUL, Dec. 5 (Korea Bizwire) — Kia Corp. on Friday unveiled a new futuristic concept car featuring cutting-edge smart glass, reflecting the carmaker’s philosophy as it commemorates its 80th anniversary. The South Korean carmaker introduced the Vision Meta Turismo concept car, which “embodies Kia’s vision for a new era of mobility,” the company said during [...]
SEOUL, Dec. 4 (Korea Bizwire) — Song Chang-hyeon, head of Hyundai Motor Group’s Advanced Vehicle Platform (AVP) division and chief executive officer (CEO) of the group’s software research arm 42dot, has tendered his resignation amid a lack of progress in next-generation vehicle technologies, industry sources said Thursday. In a message sent to 42dot employees on [...]
SEOUL, Dec. 4 (Korea Bizwire) — LG Electronics convened a workshop in Seoul on Thursday with the Eclipse Foundation and major global automakers to accelerate the development of open-source software for software-defined vehicles (SDVs), part of the company’s broader push to expand its automotive solutions business. The event — the Eclipse SDV Community Meetup — brought [...]