SEOUL, Nov. 26 (Korea Bizwire) – In a significant push to expand its footprint in Southeast Asia, Hyundai Motor Company has announced a $479 million (approximately 673 billion won) investment in Malaysia. This strategic move aims to capitalize on the region’s burgeoning automotive market, with production beginning in mid-2024. Hyundai will collaborate with local partner Inokom [...]
SEOUL, Nov. 26 (Korea Bizwire) – Korean Air announced on Tuesday that it will provide its seasonal “Coatroom Service,” offering free winter coat storage for passengers traveling to warmer destinations, from December 1, 2024, to February 28, 2025. First introduced in 2005, the service allows international passengers departing from Incheon International Airport’s Terminal 2 to store [...]
SEOUL, Nov. 26 (Korea Bizwire) — Hanwha Aerospace Co. said Tuesday it has won a 473 billion-won (US$336.6 million) contract from Korea Aerospace Industries Ltd. to supply components for South Korea’s next-generation KF-21 fighter jets. Under the deal, Hanwha Aerospace will supply key components, including the auxiliary power unit, as well as propulsion, landing, drive [...]
SEOUL, Nov. 25 (Korea Bizwire) – Genesis announced the launch of its Proactive Care Service on Saturday, a cutting-edge offering aimed at improving the driving experience for its customers through real-time remote diagnostics. The service proactively detects vehicle malfunctions or irregularities during operation and provides notifications via the My Genesis app or SMS. Depending on the [...]
SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group’s chief has mentioned the possibility of collaboration with Japan’s Toyota Motor Corp. in areas involving hydrogen-powered mobility. Euisun Chung, executive chair of Hyundai Motor, said, “(Hyundai and Toyota) are discussing hydrogen and trying to collaborate well together.” Chung made the remark Sunday while meeting with reporters [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the devastating Mercedes-Benz EQE fire in an Incheon apartment complex parking garage last August, which damaged approximately 800 vehicles, concerns about rising auto insurance premiums have become reality, even as traffic accidents and fatalities decline. According to the Korea Automobile Citizens’ Association, traffic fatalities have dropped by half, from [...]
SEOUL, Nov. 22 (Korea Bizwire) – Mercedes-Benz Korea announced on Friday that its ultra-luxury sub-brand, Mercedes-Maybach, has achieved cumulative sales of over 10,000 units in South Korea. This milestone comes nearly two decades after its introduction to the domestic luxury sedan market with the Maybach 57 and Maybach 62 in June 2004. The 10,000th unit sold [...]
LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders. The venue, a masterpiece of mid-century [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]
SEOUL/LOS ANGELES, Nov. 22 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, said Friday it has unveiled the high-performance version of its flagship EV9 electric SUV at the Los Angeles Auto Show. The EV9 GT, which made its debut at the LA Convention Center, features a 160 kilowatt front motor and a 270 kilowatt [...]