SEOUL, Sept. 6 (Korea Bizwire) – The government said Friday it will conduct prior safety checks on electric vehicle (EV) batteries and require EV makers to disclose their battery brands to address public concerns about spontaneous fires in EVs. The plan was finalized during a government meeting led by Prime Minister Han Duck-soo as part [...]
SEOUL, Sept. 6 (Korea Bizwire) – Carmakers and battery manufacturers in South Korea on Friday expressed their commitment to cooperate with a newly announced set of government measures aimed at preventing spontaneous fires in electric vehicles. Under the plan announced earlier in the day, the government’s EV battery certification system that was scheduled to go [...]
SEOUL, Sept. 6 (Korea Bizwire) – BMW Korea is maintaining a lead in South Korea’s imported vehicle market so far this year, industry data showed Friday, as main rival Mercedes-Benz Korea is faced with a brand reputation setback after a massive fire that broke out from one of its electric vehicles. According to the Korea [...]
SEOUL, Sept. 5 (Korea Bizwire) – Hyundai Motor Company has pulled back the curtain on its 2025 Ioniq 5 electric vehicle, a test version produced at its new manufacturing plant in Bryan County, near Savannah, Georgia. The unveiling, which took place on September 3 at a local dealership, marks a significant step in the South Korean [...]
SEOUL, Sept. 5 (Korea Bizwire) – Audi, once a dominant player in South Korea’s imported car market, is facing a series of challenges that threaten its position in the country. The German luxury automaker, previously part of the “Big Three” German premium brands alongside BMW and Mercedes-Benz, is grappling with plummeting sales and the closure of [...]
SEOUL, Sept. 5 (Korea Bizwire) – As international travel demand surges, foreign airlines operating in South Korea are facing a consumer complaint rate three times higher than that of domestic carriers, according to a report released on September 4 by the Korea Consumer Agency (KCA). The KCA reported that from last year through the first half [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean automaker KG Mobility Corp. said Thursday it has partnered with general trading firm STX Corp. to supply over 2,000 Rexton Sports pickup trucks to the Peruvian Army by next year. Under the partnership, KG Mobility’s initial supply to the Peruvian Army will consist of around 400 units [...]
SEOUL, Sept. 5 (Korea Bizwire) – In the wake of a recent fire in an apartment building’s underground parking lot in Incheon, concerns over electric vehicle (EV) safety have led to a significant drop in used EV prices, particularly for imported models. According to data released on September 3 by Chutcha, a popular used car platform [...]
SEOUL, Sept. 4 (Korea Bizwire) – Volvo Trucks, the Swedish commercial vehicle manufacturer, is bringing its latest line of fuel-efficient heavy-duty trucks to the South Korean market. The company announced the domestic launch of its FH Aero lineup at a media briefing held on September 4 in Seongdong-gu, Seoul. The FH Aero is the latest iteration [...]
SEOUL, Sept. 4 (Korea Bizwire) — The automotive industry in South Korea is expected to see strong competition in the midsize sport utility vehicle (SUV) segment in the second half of the year amid new releases in the popular family leisure car market segment. Kia Corp. this week launched its revamped 2025 Sorento SUV with [...]