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Archive by category Mobility

Hyundai and Innocean Unleash ‘Dogbility’ Campaign With AI-Generated Car Concepts

SEOUL, Apr. 8 (Korea Bizwire) – Innocean, a global marketing and communications service provider, has collaborated with Hyundai Motor on an imaginative “Dogbility” campaign showcasing a virtual series of automotive concepts designed for canine companions, the companies announced on April 8. Utilizing generative artificial intelligence, the campaign visualized innovative vehicular features tailored to dogs through [...]

S. Korea Bolsters Space Surveillance amid Rising N. Korean Threats

SEOUL, Apr. 8 (Korea Bizwire) — South Korea placed its second military spy satellite in space Monday to beef up its space-based surveillance of North Korea and deter its nuclear and missile threats amid Pyongyang’s own push to launch more satellites. SpaceX’s Falcon 9 rocket launched the reconnaissance satellite from the John F. Kennedy Space [...]

S. Korea Launches 2nd Spy Satellite into Orbit with SpaceX Falcon 9

SEOUL, Apr. 8 (Korea Bizwire) — South Korea launched its second indigenous spy satellite on a SpaceX Falcon 9 rocket from Kennedy Space Center in the U.S. state of Florida on Monday (Seoul time), according to the defense ministry. The Falcon 9 lifted off at 8:17 a.m. (7:17 p.m. local time) from the John F. [...]

Mercedes-Benz Korea Posts Record Revenue Despite Dip in Volume

SEOUL, Apr. 5 (Korea Bizwire) –Mercedes-Benz Korea defied a drop in sales volumes last year to post record revenue nearing 800 billion won, buoyed by strong demand for its premium models costing over 100 million won apiece, the company’s financial filings showed. In its 2023 audited financial statements released on April 3, the German automaker’s [...]

Hanwha Aerospace to Focus on Defense Business after Spinoff

SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]

Hyundai Mobis Introduces Slim Card-Style Smart Key for Domestic Market

SEOUL, Apr. 4 (Korea Bizwire) – Hyundai Mobis, a leading automotive parts supplier, announced on April 4 the launch of a button-integrated smart key in the form of a slim card, designed for enhanced portability and convenience. While card-style smart keys have previously been used in certain export models of the Genesis brand, this marks [...]

4 Carmakers to Recall over 50,000 Vehicles for Faulty Parts

SEOUL, Apr. 4 (Korea Bizwire) — Mercedes-Benz Korea, Stellantis Korea and two other carmakers will recall more than 50,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Honda Motor Co. and Jaguar Land-Rover Korea, are voluntarily recalling a total of 50,760 units of 62 different models, the Ministry of [...]

Hyundai Motor Group Acquires Majority Stake in KT Corp., Emerging as Largest Shareholder

SEOUL, Apr. 2 (Korea Bizwire) – Hyundai Motor Group has become the largest shareholder of a leading mobile carrier, KT Corp., the communications service provider said Tuesday in a regulatory filing. Hyundai’s status as the largest shareholder, however, requires approval from the science ministry. The change came as the National Pension Service, previously the largest [...]

Seoul to Replace All Subway Fabric Chairs With Plastic

SEOUL, Apr. 2 (Korea Bizwire) — Seoul Metro, the operator of subway lines 1-8, said Tuesday that it will replace all fabric chairs with reinforced plastic chairs by 2029 to keep the subways clean from bedbugs and other pollutants. Fabric currently accounts for 54 percent of all subway seats operated by the city-run corporation, followed [...]

Hyundai Motor’s March Sales Dip 3.7% Amid Softened Demand in South Korea

SEOUL, Apr. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Monday its monthly sales fell 3.7 percent in March from a year earlier due to sluggish demand in its home market. Hyundai Motor sold 369,132 vehicles last month, down from 383,396 units a year ago, the company said in a statement. [...]