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 [...]
SUWON, South Korea, Sept. 4 (Korea Bizwire) — A powerful union of bus drivers in Gyeonggi Province, which surrounds Seoul, called off a strike planned for Wednesday after reaching a last-minute wage hike agreement with their employers before dawn. The union, which has about 90 percent of city and intercity bus drivers in the nation’s [...]
SEOUL, Sept. 4 (Korea Bizwire) – Mercedes-Benz is facing scrutiny in South Korea as vehicle owners have filed complaints with the Korea Consumer Agency, alleging that the company provided incorrect information about the battery manufacturer in some of its electric vehicles. According to industry sources, the Korea Consumer Agency is currently reviewing the facts surrounding the [...]
SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Company announced on September 3 the launch of EV Every Care Plus, a program designed to provide integrated management of customers’ electric vehicle lifestyles. The South Korean automaker stated that the program aims to alleviate concerns about electric vehicles and boost customer satisfaction, ultimately promoting the widespread adoption [...]
SEOUL, Sept. 3 (Korea Bizwire) — Casper Electric, the new entry-level mini SUV model from Hyundai Motor Co., made a strong debut last month to become the company’s bestselling electric vehicle model in South Korea, according to industry data Tuesday. The combined domestic sales of Hyundai Motor EVs, including the Casper Electric, Kona Electric, Ioniq [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Group said Monday it will showcase its latest technologies related to smart city infrastructure at the 2024 World Smart City Expo Korea (WSCE) to be held this week. The South Korean automotive giant will feature various technologies related to smart city infrastructure themed on transport, logistics and [...]
SEOUL, Sept. 2 (Korea Bizwire) — Nearly 60% of electric vehicle (EV) charging stations in South Korea are installed underground, according to a recent government report, raising concerns about fire safety and emergency response capabilities in a country rapidly embracing electric mobility. The data, released by the Ministry of Environment to lawmaker Lim Lee-ja of the [...]
SEOUL, Sept. 1 (Korea Bizwire) – Exports of hybrid cars by Hyundai Motor Co. and its affiliate Kia Corp. jumped 35.2 percent on-year in the first seven months of this year, industry data showed Sunday. Hyundai Motor and Kia exported a total of 222,818 hybrid vehicles between January and July, compared with 164,851 units for [...]
SEOUL, Aug. 30 (Korea Bizwire) – The chief executive of the global mobility platform Uber said Friday the company sees South Korea as a vitally important market, stating his commitment to growing the company’s taxi business here. “Korea is a large taxi market, and one with strong market opportunity and growing e-hail penetration,” Uber CEO [...]
SEOUL, Aug. 30 (Korea Bizwire) – In response to slowing electric vehicle (EV) adoption, Hyundai Motor has unveiled a new strategy centered on hybrid vehicles (HEVs) and extended-range electric vehicles (EREVs) to navigate the current market challenges. The South Korean automaker presented its updated mid-to-long-term strategy, dubbed Hyundai Way, during its 2024 CEO Investor Day on [...]