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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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, [...]
SEOUL, May 2 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company [...]
SEOUL, May 2 (Korea Bizwire) — KG Mobility Corp., a South Korean carmaker, said Friday its sales dropped sharply from a year earlier in April, mainly due to a decline in exports. The company sold 8,642 vehicles last month, down 11 percent from 9,751 units sold the same month last year, the company said in [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s small satellite designed to measure space radiation will take part in the Artemis II mission, a U.S.-led moon exploration program, the Korean space agency said Friday. Under an agreement between the Korea AeroSpace Administration (KASA) and the U.S. National Aeronautics and Space Administration (NASA), the K-RadCube, a [...]
SEOUL, May 2 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung visited Auto Shanghai 2025 earlier this week despite the automaker’s absence from the event, industry sources said Friday. Chung attended the biennial motor show on the eve of its official closing Friday, marking his first attendance at China’s event since the 2018 [...]