SEOUL, Dec. 2 (Korea Bizwire) – Hyundai Motor Co. announced on December 2 the release of the Avante N TCR Edition, a limited-edition model that incorporates the automaker’s expertise in motorsports. The “TCR” in the model name refers to the Touring Car Racing World Tour, a global competition for production-based race cars, in which Hyundai has [...]
SEOUL, Dec. 2 (Korea Bizwire) – Hybrid vehicle registrations in South Korea are projected to exceed two million by the end of this year, marking a significant milestone 16 years after their introduction to the domestic market in 2008. The surge in hybrid car adoption is also driving a broader shift toward eco-friendly vehicles, with [...]
SEOUL, Dec. 1 (Korea Bizwire) – In response to a proposal by the Seoul Metropolitan Government to allow foreign workers on E-9 non-professional employment visas to drive village buses, the Ministry of Employment and Labor announced it cannot accommodate the request under current regulations, citing safety and legal concerns. The ministry suggested the matter be addressed [...]
SEOUL, Nov. 28 (Korea Bizwire) – With the European Union Commission granting final approval for the merger between South Korea’s two largest airlines, the nation’s aviation industry stands on the brink of a seismic shift that will create the country’s first “mega carrier.” The merger of Korean Air and Asiana Airlines promises better competitiveness through economies [...]
SEOUL, Nov. 28 (Korea Bizwire) – Rolls-Royce Motor Cars has unveiled its bespoke design studio, “Private Office Seoul,” located in the prestigious Lotte World Tower in Seoul, the company announced Thursday. The space offers a heightened level of customization, surpassing the tailored services traditionally available at Rolls-Royce showrooms in Cheongdam and Busan. The office is [...]
SEOUL, Nov. 28 (Korea Bizwire) – British sports car manufacturer Lotus announced through its South Korean subsidiary, Lotus Cars Korea, on November 27 that it is launching its electric SUV, the Eletre, in the domestic market. According to Lotus Korea, the Eletre offers exceptional value compared to competitors in its class, with a price tag approximately [...]
SEOUL, Nov. 27 (Korea Bizwire) – Swedish automaker Volvo’s flagship “90 Cluster” series—comprising the XC90, S90, and V90 Cross Country—continues to enjoy steady popularity in South Korea, driven by its reputation for advanced safety features and innovative technology. According to Volvo Cars Korea, the 90 Cluster accounted for 26% of the 12,284 Volvo vehicles sold in [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it plans to launch an electric vehicle (EV) charging subscription service for Hyundai customers in Indonesia this week. Starting Thursday, subscribers of the service will be able to use 518 chargers at 288 charging stations operated by Hyundai and its EV partner companies across [...]
SEOUL, Nov. 27 (Korea Bizwire) – A second Trump administration could reshape the global automotive industry into an oligopolistic structure, with only a few dominant players surviving based on their hybrid vehicle technology, U.S. production capacity, and ability to benefit from sanctions against China, industry analysts say. Industry analysts expect traditional automakers to face a survival-of-the-fittest [...]
SEOUL, Nov. 27 (Korea Bizwire) – Toyota Korea announced on November 26 the official launch of its 2025 Camry Hybrid, which will be available at Toyota dealerships nationwide from December 2. The Camry, first introduced to the Korean market in 2009, has been a global favorite for over 40 years due to its high quality and [...]