SEOUL, March 21 (Korea Bizwire) — A study released on March 20 by the Korea Consumer Agency has revealed significant safety vulnerabilities in electric vehicle (EV) parking areas within public parking facilities, raising concerns about fire hazards and emergency response capabilities. The investigation, which examined EV charging facilities at 30 public parking structures, found that [...]
SEOUL, March 20 (Korea Bizwire) – Jose Munoz, the chief executive officer (CEO) of Hyundai Motor Co., on Thursday highlighted growing trade tensions and protectionism as key challenges for the global automotive industry in 2025, urging strategic adaptability to maintain the company’s growth momentum. Speaking at Hyundai Motor’s annual general shareholders’ meeting in Seoul, Munoz [...]
SEOUL, March 20 (Korea Bizwire) — Tucson, a compact sport utility vehicle (SUV) of Hyundai Motor Co., is posed to surpass 10 million units in cumulative sales this year to become the automaker’s third vehicle to achieve the milestone, according to industry observers Thursday. According to Hyundai Motor’s investor relations data, the Tucson had recorded [...]
SEOUL, March 19 (Korea Bizwire) — SK On has signed its first-ever battery supply contract with a Japanese automaker, securing a massive deal with Nissan valued at an estimated 15 trillion won (approximately $11 billion). In a regulatory filing on Tuesday, SK On announced that it will supply Nissan with 99.4 gigawatt-hours (GWh) of high-performance high-nickel [...]
SEOUL, March 19 (Korea Bizwire) — Hyundai Mobis is ramping up production of self-designed automotive semiconductors, building on the semiconductor business it acquired from Hyundai Autron in 2020, and expanding its presence in global innovation hubs. The company announced on Tuesday that it has completed research and reliability testing for key semiconductors used in electrification, [...]
SEOUL, March 18 (Korea Bizwire) — GM Korea has officially unveiled the world’s largest GM-owned service center, underscoring the automaker’s long-term commitment to the South Korean market. At a media tour held on Tuesday at the GM Seoul Service Center in Yeongdeungpo, William Henry, GM’s senior vice president for international operations, emphasized the center’s significance. “In [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will promote its artificial intelligence (AI) and future mobility solutions at a Japanese exhibition set to open next month, a trade promotion agency said Tuesday. Expo 2025 Osaka is scheduled to open April 13 on Yumeshima, an artificial island on Osaka Bay, and run for six months [...]
SEOUL, March 18 (Korea Bizwire) — South Korean low-cost carrier (LCC) Eastar Jet Co. said Tuesday it will add a physical fitness test category in its cabin crew hiring process starting this year. The addition aims to assess the essential physical strength of cabin crew members, as they are responsible for handling emergency situations during [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will increase subsidies for electric motorcycles that offer faster charging speeds and enhanced battery status monitoring, the Ministry of Environment announced Monday. Under the newly finalized 2025 subsidy guidelines, electric motorcycles equipped with 3kW fast-charging capability or a battery status display/app integration will be eligible for an [...]
SEOUL, March 17 (Korea Bizwire) — In the automotive industry, bigger is increasingly better — at least when it comes to screens. As vehicles evolve beyond simple transportation into mobile living spaces, Korean display manufacturers are racing to capture a growing market for increasingly large in-vehicle displays. LG Display, currently the market leader, is set to supply [...]