SEOUL/LOS ANGELES, Nov. 22 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Friday it has showcased the updated version of its electric GV70 SUV at the Los Angeles Auto Show. The revamped model introduces new features, including micro lens array technology used to create a distinct lighting effect and a specially designed [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul Metro, the operator of subway lines 1-8, said Friday that 27 trains were delayed by more than 20 minutes on the previous day, the second day of a slowdown strike by its unionized workers. With 3,189 subway trains in operation Thursday, their on-time rate stood at 99.1 percent, [...]
SEOUL, Nov. 21 (Korea Bizwire) – South Korea’s leading carmaker Hyundai Motor Co. has unveiled its first-ever large-sized all-electric Ioniq 9 sport utility vehicle (SUV) in a world premiere event held in the United States, the company said Thursday. The event was held at Goldstein House in Los Angeles on Wednesday (U.S. time) to showcase [...]
SEOUL, Nov. 21 (Korea Bizwire) — The European Union has concluded the passenger service-related remedial commitments offered by South Korean flagship carriers Korean Air Co. and Asiana Airlines Inc. for their proposed merger have been fulfilled, according to the EU’s executive body Thursday. Korean Air has divested four European passenger flight routes to low-cost carrier [...]
SEOUL, Nov. 21 (Korea Bizwire) — Unionized railway workers on Thursday said they will launch an indefinite general strike on Dec. 5 to demand higher pay and a bigger workforce. The walkout plan by the Korean Railway Workers’ Union (KRWU), if implemented, is expected to affect the operations of high-speed KTX and regular train services [...]
SEOUL, Nov. 20 (Korea Bizwire) – Hyundai and Kia vehicles have been recognized for maintaining excellent value as used cars in the United States, earning high marks for residual value. The automakers announced on November 20 that the Hyundai Kona Electric and Kia Telluride were named winners in J.D. Power’s 2025 U.S. ALG Residual Value Awards. [...]
SEOUL, Nov. 20 (Korea Bizwire) – In a groundbreaking shift that signals South Korea’s gradual departure from its traditional corporate culture, Hyundai Motor Company has named José Muñoz as its first non-Korean chief executive officer in its 57-year history, marking a significant milestone for one of the country’s most prestigious companies. The appointment of Muñoz, who [...]
ULSAN, Nov. 20 (Korea Bizwire) — Police and forensic agency authorities plan to conduct a joint investigation Wednesday into the cause of an accident that left three people dead at a Hyundai Motor Co. plant in the southeastern city of Ulsan. On Tuesday, three researchers — two Hyundai employees and one affiliated with a subcontractor [...]
SEOUL, Nov. 20 (Korea Bizwire) — Back-to-back protests by railway and subway workers disrupted subway services in the capital area on Wednesday, with commuters complaining of delays during the morning rush hour. The Korean Railway Workers’ Union’s work-to-rule protest continued for the third day, causing eight trains on subway lines 1, 3 and 4 and [...]
SEOUL, Nov. 19 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, on Tuesday outlined its value-up program focusing on profitability and technological prowess amid a slowdown in electric vehicle (EV) sales. Hyundai Mobis aims to report an annual average of 5-6 percent in its operating profit margin in the three years through [...]