SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it has launched a project to develop homegrown space rovers amid the growing global competition for lunar exploration. The government has reached an agreement with 13 institutions and companies, including Hyundai Motor Co., to develop around 10 key rover components with a combined [...]
DAEJEON, Nov. 5 (Korea Bizwire) – In a significant development highlighting South Korea’s dominance in battery technology, patent applications for battery fire safety technologies have surged nineteen-fold over the past decade, according to data released by the Korean Intellectual Property Office on November 3. An analysis of patent applications filed with major patent offices worldwide—including South [...]
SEOUL, Nov. 4 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, said Monday it has released a revamped version of its K5 midsize sedan with an improved value proposition and a suite of feature upgrades. The latest K5 features expanded safety and convenience options across its trims, with Kia adding a new entry-level trim [...]
SEOUL, Nov. 1 (Korea Bizwire) – The Hyundai Sonata, a midsize sedan that once dominated South Korea’s automotive landscape, is showing strong signs of revival with a significant surge in sales this year, potentially reclaiming its status as the nation’s signature car. According to data released by the Korea Automobile Mobility Industry Association (KAMA) and Hyundai [...]
SEOUL, Oct. 31 (Korea Bizwire) – New car registrations in South Korea have fallen to their lowest level in 11 years during the first three quarters of 2024, according to data released by the Korea Automobile Mobility & Industry Association (KAMA) on October 30. Total new vehicle registrations for January through September reached 1,209,154 units, marking [...]
SEOUL, Oct. 31 (Korea Bizwire) — Hyundai Motor Co. on Thursday unveiled the concept of its upcoming passenger hydrogen fuel cell electric vehicle (FCEV) named Initium that comes with an extended driving range and ample hydrogen fuel storage capacity. Initium is a concept by Hyundai that reflects the product and design direction of a passenger [...]
SEOUL, Oct. 30 (Korea Bizwire) – Kia Motors made its first foray into the pickup truck market on October 29, unveiling the Tasman at the 2024 Jeddah International Motor Show, marking a significant expansion of the South Korean automaker’s vehicle lineup. The mid-size pickup truck, developed under the theme “Dive into a New Dimension,” represents more [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. on Wednesday unveiled a teaser image of its upcoming all-electric Ioniq 9 sports utility vehicle, highlighting its massive-yet-sleek exterior design. The teaser for the three-row electric SUV presents the overall silhouette and the model’s elongated wheelbase. Hyundai said the Ioniq 9 draws inspiration from the sleek [...]
BUSAN, Oct. 29 (Korea Bizwire) — A direct flight route connecting South Korea’s regional airport in Busan to Bali, Indonesia, is set to begin service this week as the first long-haul direct line outside the capital area, the city government said Tuesday. Starting Wednesday, a flight will operate between Busan to Bali four times a [...]
SEOUL, Oct. 24 (Korea Bizwire) – Kia Motors unveiled teaser images and video on October 24 of its refreshed Sportage SUV, marking the first major update to the popular compact SUV in three years. The Sportage, Kia’s flagship compact SUV now in its 31st year of production, has sold more than 7.6 million units globally, cementing [...]