SEOUL, Feb. 21 (Korea Bizwire) — The Kia EV3, a compact electric SUV, has been awarded the title of ‘2025 Car of the Year’ by the Korea Automobile Journalists Association (KAJA), marking a significant milestone for Kia’s push toward the mass adoption of electric vehicles. KAJA, comprising 59 media outlets across newspapers, television, radio, and [...]
SEOUL, Feb. 21 (Korea Bizwire) — LG Electronics Inc. has invested in Silicon Valley-based mobility software startup Apex.AI as part of its broader plans to expand collaborations with software providers in the artificial intelligence (AI) era, the U.S. company said Friday. “LG Electronics, a global innovator in technology and consumer electronics, including vehicle solutions, has [...]
SEOUL, Feb. 21 (Korea Bizwire) — Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor Co., has underscored high-quality products and differentiated strategies as keys to growth, the company said Friday. Munoz shared his strategic vision for the company in a town hall meeting with 15,000 employees at its Namyang R&D Center, [...]
SEOUL, Feb. 20 (Korea Bizwire) — Uber has introduced its corporate mobility service, Uber for Business (U4B), in South Korea, aiming to enhance business travel efficiency with seamless expense management and ride-hailing solutions. At the ‘Uber Taxi Connect Day’ event in Seoul on February 20, Uber outlined its business strategy for the year, including the launch [...]
SEOUL, Feb. 20 (Korea Bizwire) — Jamsil Station on Seoul’s Line 2 emerged as the busiest subway station in the city last year, with an average of 156,177 passengers per day, according to 2024 transit data released by Seoul Metro on February 19. The station’s high foot traffic was attributed to its role as a [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s auto industry is bracing for potential turmoil after U.S. President Donald Trump suggested imposing a 25% tariff on imported cars, a move that could significantly impact Korean automakers’ competitiveness in the American market. Trump’s comments on February 18 sent shockwaves through the industry, which had previously anticipated a [...]
SEOUL, Feb. 19 (Korea Bizwire) — Samsung SDI has completed the development of a breakthrough technology designed to prevent thermal propagation, a key cause of electric vehicle (EV) battery fires, and is now preparing for commercialization. According to Samsung SDI’s newsroom announcement on February 18, the company has finalized the commercialization review for its ‘No-Thermal Propagation’ [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Company announced on Tuesday the launch of the ‘2025 The New Mighty,’ an upgraded version of its mid-size commercial truck, featuring enhanced cargo capacity and additional convenience features. The latest model lineup has been refined with improved load performance and added convenience features across various trims. The 4-ton [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Company is strengthening its commitment to the sustainability of South Korea’s art ecosystem by supporting international exchange and collaboration among public art institutions. On February 18, Hyundai unveiled the ‘Hyundai Translocal Series,’ a new initiative designed to facilitate joint exhibitions and partnerships between domestic and international art institutions. [...]
SEOUL, Feb. 17 (Korea Bizwire) — If the Trump administration moves forward with tariffs on the automotive sector, South Korea and Japan are expected to be among the hardest-hit nations outside North America, according to industry analysts. A report from CNBC on February 13, citing consulting firm GlobalData, highlighted that South Korea and Japan accounted [...]