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Archive by category Mobility

Gov’t to Focus on Enhancing Competitiveness of Domestic Aviation Industry following Korean Air-Asiana Merger

SEOUL, Dec. 11 (Korea Bizwire) — The government said Wednesday it will work to enhance the competitiveness of the domestic aviation industry while minimizing potential monopolistic harm from the soon pending merger between Korean Air Co. and Asiana Airlines Inc. The transport ministry announced an aviation industry support plan during a meeting of industries-focused ministries held at [...]

Demand for Battery Industry Talent Surges Amid Electric Vehicle Boom

SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s electric vehicle expansion has driven a sharp increase in demand for talent in the secondary battery sector, with job openings more than doubling over the past seven years, according to a government report. The Ministry of Science and ICT revealed that job postings for secondary battery-related roles rose [...]

Ulsan to Launch AI-Driven Smart Factory Project to Modernize Auto Industry

ULSAN, Dec. 10 (Korea Bizwire) – The city of Ulsan is embarking on an ambitious project to develop autonomous manufacturing technology based on Software-Defined Factory (SDF) systems, aimed at advancing its automotive industry capabilities. The initiative kicks off with a two-day technical conference and workshop at the Westin Josun Busan beginning December 9, focusing on core AI [...]

Seoul City to Expand Late-night Cabs, Extend Bus Hours until Year-end

SEOUL, Dec. 9 (Korea Bizwire) — The Seoul city government said Monday it will expand the operation of late-night taxis and extend the operation hours of buses until the year-end to meet the surge in demand from year-end gatherings. The city plans to supply 1,000 additional night cabs and set up temporary taxi stops in [...]

S. Korean Battery Makers’ Global Market Share Drops amid Intensifying Competition

SEOUL, Dec. 9 (Korea Bizwire) — Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese rivals, industry data showed Monday. The trio — LG Energy Solution, SK On Co. and Samsung SDI Co. — [...]

Hyundai Motor Group Hits Record U.S. Sales, Driving Global Success

SEOUL, Dec. 8 (Korea Bizwire) – Hyundai Motor Group revealed that one in four of its cars sold this year was purchased in the United States, marking a significant milestone in the automaker’s history. Between January and November, Hyundai and Kia sold 1.55 million vehicles in the U.S., accounting for 25.1% of the group’s global sales [...]

Subway Workers’ Strike Averted after Last-minute Deal with Management

SEOUL, Dec. 6 (Korea Bizwire) — Unionized subway workers called off their planned strike Friday after a last-minute deal was reached in wage negotiations with the management. Seoul Metro, the operator of subway Lines 1 to 8 in the capital area, reached an agreement with each of its three labor unions in the early hours [...]

Jin Air Increases Fleet Size to 31 by Adding New B737-8

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 [...]

Genesis Announces Bold Entry into Motorsports with High-Performance Magma Program

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, [...]

Hyundai Motor’s Union to Hold Partial Strike This Week in Protest of Yoon

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 [...]