SEOUL, Feb. 5 (Korea Bizwire) - Hyundai Motor Group is expected to be among the least affected global automakers from the United States’ plan to levy a 25 percent tariff on goods from Mexico, according to market watchers Wednesday. Major automakers with production bases in Mexico include General Motors (GM), Ford, Toyota, Nissan, Volkswagen, Honda [...]
SEOUL, Feb. 4 (Korea Bizwire) — Chevrolet’s Trax Crossover was South Korea’s most exported passenger vehicle in 2024, with the Trailblazer securing the fourth spot, according to an announcement by GM Korea on February 4. Data from the Korea Automobile & Mobility Association (KAMA) shows that a total of 295,099 units of the Trax Crossover, including [...]
SEOUL, Feb. 4 (Korea Bizwire) - Hyundai Motor Group said Tuesday it received high praise at recent major automotive awards in Britain and the United States, winning multiple honors across its three automotive brands. At the 2025 What Car? Awards, a prestigious British automotive awards event, Hyundai and Kia secured seven wins, with key models, [...]
SEOUL, Feb. 4 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) announced on February 3 that a new spacecraft propulsion system it has developed will be launched into space aboard a satellite on South Korea’s Nuri launch vehicle. A research team led by Choe Won-ho, a professor in KAIST’s Department of Nuclear [...]
MEXICO CITY, Feb. 4 (Korea Bizwire) — South Korean companies operating in Mexico have expressed cautious relief after the U.S. and Mexican governments agreed to postpone a planned 25% tariff on Mexican exports for one month. However, with the tariff still looming as a possibility, businesses remain on high alert, preparing for potential disruptions. Kia Mexico, a [...]
SEOUL, Feb. 3 (Korea Bizwire) — The South Korean auto industry is bracing for significant disruptions after U.S. President Donald Trump announced new universal tariffs on the country’s largest trading partners, including Canada, Mexico, and China. The move is expected to have immediate financial implications for South Korean automakers and suppliers, particularly those that have [...]
SEOUL, Feb. 2 (Korea Bizwire) — Volvo Cars Korea announced on Monday the official launch of the EX30, its premium electric sports utility vehicle (SUV), in the South Korean market. The EX30, which sold nearly 100,000 units globally last year, emerged as the best-selling premium electric vehicle (EV) in Europe among non-EV-exclusive brands, with 78,032 units [...]
SEOUL, Feb. 3 (Korea Bizwire) — Global executives have identified the automotive sector as the industry likely to face the most significant disruption this year, according to a new survey. The research also revealed that amid the rise of China’s low-cost AI system DeepSeek, 8 in 10 executives believe artificial intelligence will positively impact their industries. [...]
BUSAN, Feb. 3 (Korea Bizwire) - Authorities launched a joint investigation into a fire-destroyed Air Busan plane on Monday, a week after the plane caught fire at a South Korean airport shortly before takeoff, prompting passengers to make an emergency exit. The transportation ministry, together with the Bureau of Enquiry and Analysis for Civil Aviation Safety, [...]
SEOUL, Feb. 3 (Korea Bizwire) - Boeing Co. said Monday it has appointed Will Shafer, former head of the American aerospace company’s Japanese unit, as president of its South Korean operations. While leading Boeing Korea, Shaffer will also serve as the company’s vice president for globalization and market development, where he will oversee Boeing’s strategy [...]