SEOUL, Dec. 6 (Korea Bizwire) — Jin Air Co. a low-cost carrier subsidiary of industry leader Korean Air Co., said Friday it has acquired a new B737-8 aircraft to bring its total fleet volume to 31 units. Jin Air said the addition marks the company’s fourth new plane acquisition of the year. The company’s fleet [...]
SEOUL, Dec. 6 (Korea Bizwire) – In a significant expansion of its luxury automotive presence, Genesis unveiled its entry into professional motorsports through its new high-performance division, Genesis Magma, at a premiere event held at the Armani Hotel in Dubai, UAE, on December 4. The luxury automaker revealed plans to compete in two prestigious endurance racing championships, [...]
SEOUL, Dec. 5 (Korea Bizwire) — Unionized workers at Hyundai Motor Co. will stage a partial strike this week in solidarity with an umbrella labor union’s walkout against President Yoon Suk Yeol’s short-lived martial law declaration, according to the company’s union Thursday. Hyundai’s 43,000-strong union will hold a four-hour strike each on Thursday and Friday [...]
SEOUL, Dec. 4 (Korea Bizwire) — The Sorento, the popular sport utility vehicle (SUV) of Kia Corp., is poised to become this year’s single bestselling car model in South Korea, industry data showed Wednesday. According to the latest sales data from domestic automakers, the Sorento claimed the top spot for domestic cumulative sales for the [...]
SEOUL, Dec. 4 (Korea Bizwire) – As concerns mount over a prolonged drop in electric vehicle demand and potential impacts of Donald Trump’s potential return to the White House, South Korea’s battery manufacturers are adapting their strategies amid growing industry turbulence marked by EV plant closures and bankruptcies worldwide. The country’s three major battery makers are [...]
SEOUL, Dec. 3 (Korea Bizwire) – Asiana Airlines announced that starting January 2, 2025, passengers will be required to stow their carry-on luggage in the overhead bins themselves, a policy change aimed at preventing injuries to both passengers and crew. Previously, flight attendants assisted passengers upon request, but frequent incidents of crew injuries, such as bruises [...]
SEOUL, Dec. 3 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate, Kia Corp., said Tuesday they will launch a five-year joint project with three Indian colleges starting next year to develop battery and automation technologies. Hyundai and Kia set up the Hyundai Center of Excellence together with India’s three leading engineering colleges to [...]
SEOUL, Dec. 3 (Korea Bizwire) – Hyundai Motor Company has solidified its position in global motorsport by achieving significant milestones in the World Rally Championship (WRC) and setting its sights on endurance racing with the Genesis luxury brand. The WRC, organized by the Fédération Internationale de l’Automobile (FIA), is one of the most demanding motorsport [...]
SEOUL, Dec. 2 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, on Monday revealed the design of its updated electrified GV70 SUV. The front features a new grille with a gradient design, showcasing a deeper shading effect that follows Genesis’ signature G-Matrix design pattern. The headlamps incorporate micro lens array technology to deliver [...]
SEOUL, Dec. 2 (Korea Bizwire) — Long-distance freight transport using autonomous vehicles will begin trial operations on highways as part of an initiative to promote self-driving technology, the transport ministry said Monday. The ministry said it designated six new autonomous vehicle test zones, including those on major highways and areas in the cities of Suwon, [...]