SEOUL, March 17 (Korea Bizwire) — Korean Air Co., South Korea’s flagship air carrier, said Monday it plans to expand and revamp its lounge facilities at Incheon International Airport, the main gateway to Seoul. The airline will establish new Prestige Garden lounges at the airport’s newly constructed east and west sections, while the existing Prestige [...]
SEOUL, March 17 (Korea Bizwire) — A pilot program implementing artificial intelligence monitoring on LG Electronics’ employee shuttle buses has led to significant improvements in driver safety, according to findings released today by the Korea Transportation Safety Authority. The three-month trial, conducted from September to November last year on 14 long-distance shuttle buses serving LG Electronics’ Changwon [...]
SEOUL, March 17 (Korea Bizwire) — Hyundai Motor’s luxury brand Genesis is seeing unprecedented success in the U.S. market, where it accounted for nearly one-third of global sales last year. However, potential tariff barriers under a new Trump administration pose a significant challenge to sustaining this growth. According to Hyundai’s latest Investor Relations (IR) report, Genesis [...]
SEOUL, March 16, 2025 (Korea Bizwire) — Chinese electric vehicle giant BYD has established a new subsidiary in South Korea dedicated to the import and distribution of used cars, signaling an expansion of its presence in the country’s automotive market. According to industry sources, BYD recently set up BYD Korea Auto, a separate entity from BYD [...]
SEOUL, March 12 (Korea Bizwire) — Jeju Air Co. reclaimed its lead position among South Korea’s low-cost carriers (LCCs) last month, government data showed Wednesday, following a temporary decline in passengers due to a fatal crash that claimed the lives of 179 passengers in December. According to the data from the transport ministry, Jeju Air [...]
SEOUL, March 11 (Korea Bizwire) — KG Mobility Corp. on Tuesday launched the Torres Hybrid, the automaker’s first hybrid electric vehicle (HEV) model that comes with enhanced fuel efficiency and convenience features. The Torres Hybrid is equipped with a 1.83 kilowatt-hour (kWh) high capacity battery and a parallel dual-motor system. Its fuel efficiency is rated [...]
SEOUL, March 11 (Korea Bizwire) — Hyundai Motor Co. plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company’s labor union claimed Tuesday. Hyundai Motor currently operates a hydrogen fuel cell systems plant in China. If built, the domestic facility will be the [...]
SEOUL, March 10 (Korea Bizwire) — South Korea ranked seventh in the world in terms of domestic vehicle output last year, an industry association said Monday, down one notch from a year earlier due to a drop in output amid an economic slowdown. The country’s domestic car production fell to 4.13 million units in 2024 [...]
SEOUL, March 8 (Korea Bizwire) — As concerns grow over potential U.S. auto tariffs under Donald Trump’s administration, executives and union leaders from GM Korea are set to visit General Motors’ headquarters in the United States to discuss the company’s future operations. According to the GM Korea chapter of the Korean Metal Workers’ Union (KMWU), representatives from both [...]
SEOUL, March 7 (Korea Bizwire) — For the first time, Lamborghini has incorporated a battery from South Korea’s LG Energy Solution into one of its high-performance plug-in hybrid supercars. The announcement was made by Lamborghini Chairman Stephan Winkelmann during the South Korean launch event for the Temerario, the latest addition to the automaker’s electrified lineup. [...]