SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a revamped model of the company’s long-running Avante compact sedan with upgraded convenience and driver assistance systems as standard features. The new Avante includes features such as button-start ignition, a welcome lighting system and a smart trunk function as standard across [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Group on Tuesday revealed a detailed plan for its envisioned waste-to-hydrogen ecosystem project in Indonesia at the Global Hydrogen Ecosystem Summit 2025 held in Jakarta. The initiative, first announced at CES 2024, aims to create a circular hydrogen ecosystem in West Java, where Hyundai operates a major [...]
SEOUL, April 15 (Korea Bizwire) — South Korea’s high-speed rail operator SR announced Monday that its next-generation EMU-320 trains, slated for deployment in 2027, will feature the world’s first onboard automatic fire suppression system specifically designed for lithium polymer battery fires. The system, developed in collaboration with Hyundai Rotem and fire safety firm HTC, is engineered [...]
LG Electronics Co. said Monday it has been named the most creative supplier of the year by General Motors Co. (GM) for its outstanding innovation and collaboration. At GM’s 33rd Supplier of the Year Awards held last week, LG Electronics received the Creativity Team Award in recognition of its role in redefining in-vehicle entertainment and [...]
SEOUL, April 11 (Korea Bizwire) — Korean Air Co., South Korea’s leading air carrier, said Friday its first-quarter sales rose 3 percent on-year thanks to increased demand in both the passenger and cargo business divisions. Sales for the three-month period ending in March reached 3.96 trillion won (US$2.7 billion), while operating profit dropped 19 percent [...]
SEOUL, April 10 (Korea Bizwire) — Volvo Car Korea, Mercedes-Benz Korea, Man Truck & Bus Korea and two other foreign car brands will voluntarily recall over 117,000 vehicles due to manufacturing defects, the transport ministry said Thursday. The five companies, including Jaguar Land Rover Korea and Nissan Korea, are recalling a combined 117,925 units across [...]
SEOUL, April 10 (Korea Bizwire) — Genesis, the independent luxury auto brand of Hyundai Motor Group, said Thursday it will offer the Bloomberg app and its proprietary Genesis Music service free of charge for vehicles equipped with its next-generation infotainment system. The Bloomberg app will be available across all supported Genesis models, while Genesis Music [...]
SEOUL, April 10 (Korea Bizwire) — Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, held an annual mobility tech show in the United States this week, highlighting its vision and investment strategy for the North American market. The company’s fourth Mobis Mobility Day event was held in Detroit on Wednesday (U.S. time), [...]
SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
SEOUL, April 9 (Korea Bizwire) — South Korea has initiated a new research project aimed at developing magnetic levitation propulsion technology for an envisioned next-generation high-speed train system called the Hypertube, the government said Wednesday. The Ministry of Land, Infrastructure and Transport, in partnership with the Korea Railroad Research Institute, is spearheading the project. The [...]