SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Group Executive Chair Euisun Chung met with Saudi Crown Prince Mohammed bin Salman in Riyadh this week, as the South Korean auto maker looks to deepen ties in one of the Middle East’s fastest-growing car markets. The two discussed cooperation in automotive manufacturing and smart-city development during their [...]
SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Group said Tuesday it has showcased its hydrogen-powered Nexo crossover vehicle at the main venue of the Asia-Pacific Economic Cooperation (APEC) CEO Summit this week in South Korea, highlighting its leadership in future mobility technologies. The all-new Nexo has been placed at Gyeongju Arts Center, where the [...]
SEOUL, Oct. 27 (Korea Bizwire) — A new payment technology that allows bus passengers to board without tapping a card or phone has debuted in Seoul, in a pilot seen as a step toward a fully touch-free public transit system. Tmoney, the operator of South Korea’s dominant transit payment platform, said Monday it has activated its [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s three mid-sized automakers are losing ground so rapidly in their home market that they now lag behind Tesla, a relative newcomer that entered the country less than a decade ago. According to data from Kaizuyu Data Research Institute released Sunday, Renault Korea sold 40,431 vehicles in the domestic [...]
SEOUL, Oct. 23 (Korea Bizwire) — Korean Air Co. said Thursday it has completed a $217 million investment in the parent companies of WestJet Airlines Ltd., Canada’s second-largest carrier, as part of a broader push to strengthen its network and partnerships across North America. The deal gives Korean Air a 10% equity stake in Kestrel Topco [...]
SEOUL, Oct. 23 (Korea Bizwire) – At a sprawling convention center in this industrial city, General Motors is trying to make a statement about what comes next. Beneath the fluorescent lights of the Daegu International Future Auto & Mobility Expo, the Detroit automaker has assembled a vision of its electric future — one that is [...]
SEOUL, Oct. 23 (Korea Bizwire) – New passenger cars and small commercial vehicles in South Korea will be required to be equipped with pedal misuse prevention systems starting in 2029, a move aimed at reducing accidents caused by unintended accelerations, the transport ministry said Thursday. Under the government’s plan to revise the country’s automobile safety [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai’s all-electric Ioniq 9 has received the highest safety rating among large sport utility vehicles in this year’s Korean New Car Assessment Program (KNCAP), while Ford’s Explorer placed last, according to results released Thusday by the Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority. The evaluation [...]
SEOUL, Oct. 23 (Korea Bizwire) — Porsche Korea has unveiled the 911 Spirit 70, a limited-edition reinterpretation of the brand’s classic design heritage, marking its first domestic appearance. The 911 Spirit 70 is the third model in Porsche’s Heritage Design Strategy, blending vintage aesthetics with modern hybrid performance. Based on the 911 Carrera GTS Cabriolet Hybrid, [...]
SEOUL, Oct. 22 (Korea Bizwire) – Korean Air Co. signed a partnership framework with U.S. defense giant Lockheed Martin Corp. on Wednesday to provide follow-on maintenance support for U.S. military aircraft, expanding its role as a key maintenance partner in the Indo-Pacific region. A signing ceremony for the framework took place at the Seoul International [...]