SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]
SEOUL, Nov. 16 (Korea Bizwire) – Sales of mini cars by South Korea’s five automakers are expected to remain below 100,000 units for a second consecutive year in 2025, industry data showed Sunday, amid a lack of new models and shifting consumer preferences. From January to October, the five carmakers — Hyundai Motor Co., Kia [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s auto, shipbuilding and semiconductor industries on Friday broadly welcomed the release of the joint fact sheet detailing the country’s trade and security agreement with the United States, easing weeks of anxiety over steep tariffs. But automakers voiced disappointment that the timing of tariff reductions remains unclear and that [...]
SEOUL, Nov. 14 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker, said Friday it held a ceremony to mark the completion of one facility and the groundbreaking of another for a purpose-built vehicle (PBV) production hub, as part of its broader push to become a future mobility solutions provider. The company held a completion [...]
INCHEON, Nov. 14 (Korea Bizwire) – Mercedes-Benz Group AG plans to deepen its long-running technology and supply chain partnerships with leading South Korean companies, as the German automaker navigates evolving global supply chain dynamics, the company’s chief said Friday. Ola Kallenius, chairman and chief executive officer (CEO) of Mercedes-Benz, said during a media event in [...]
SEOUL, Nov. 13 (Korea Bizwire) – South Korean conglomerate LG Group said Thursday its affiliates discussed a comprehensive partnership with Mercedes-Benz Group AG in automotive parts for advanced cars, including electric vehicles (EVs). Cho Joo-wan, chief executive officer of LG Electronics Inc., met with Mercedes-Benz Group Chairman Ola Kallenius in Seoul to share visions on [...]
SEOUL, Nov. 11 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has been selected as the supplier for an Indonesian electric bus project on the resort island of Bali. The company said its quality competitiveness, after-sales service program and experience in eco-friendly public projects were recognized by the project organizers. Under the agreement, Hyundai [...]
LOS ANGELES, Nov. 11 (Korea Bizwire) — Kia has unveiled the redesigned 2027 Telluride, a fully reimagined second-generation model of its flagship SUV for the North American market, the company said Monday (local time). First introduced in 2019 and produced at Kia’s Georgia plant, the Telluride has become one of the brand’s biggest U.S. success stories, [...]
SEOUL, Nov. 10 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Monday it has been selected by U.S. defense giant Lockheed Martin Corp. as a partner to upgrade simulators for the Air Force’s KF-16 fighter jets. KAI will upgrade nine KF-16 simulators previously delivered to the Air Force to [...]
SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. showcased the latest advances in smart factory technology at their annual “E-Forest Tech Day 2025,” held this week at production facilities in Hwaseong and Ulsan, the companies said Thursday. Now in its sixth year, the event featured 177 innovations across four themes: automation, manufacturing [...]