SEOUL, Sept. 24 (Korea Bizwire) – The U.S. government’s decision to phase out the sale of vehicles using Chinese or Russian software and components in autonomous driving and communication systems has drawn attention to its potential impact on South Korean automakers and parts suppliers. Industry analysts predict that this move by the U.S. administration could prove [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean food company CJ Cheiljedang Corp. said Tuesday it will supply its Bibigo dumpling products to Australia’s Qantas Airways Ltd. as in-flight snacks from next month. CJ Cheiljedang’s two kinds of dumpling products — one based on pork and the other made of pork and kimchi — will [...]
SEOUL, Sept. 24 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has released a revamped version of its high-performance Ioniq 5 N electric vehicle with a suite of convenience features based on customer feedback. The 2025 Ioniq 5 N includes enhancements to its N Drift Optimizer, which assists in drift driving. Hyundai has expanded [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift in South Korea’s automotive landscape, imports of Chinese electric vehicles have surpassed the 1 trillion won mark this year, according to data from the Ministry of Trade, Industry and Energy and the Korea International Trade Association. From January to July, South Korea’s battery electric vehicle (BEV) [...]
SEOUL, Sept. 18 (Korea Bizwire) – As the global electric vehicle (EV) market navigates through a temporary dip in demand, South Korean automakers and financial institutions are introducing innovative products to spark consumer interest. These offerings, centered around guaranteeing the residual value of EV batteries, are reshaping the future of EV ownership. At the heart of [...]
SEOUL, Sept. 17 (Korea Bizwire) – Smoking accounted for more than 80 percent of in-flight illegal acts reported by South Korea’s 10 carriers in the past five years, government data showed Tuesday. In the five years through July this year, 1,509, or 80.8 percent, out of 1,868 illegal acts were related to smoking onboard, according [...]
SEOUL, Sept.17 (Korea Bizwire) – With millions of South Koreans gearing up for the annual Chuseok holiday exodus, online marketplaces are seeing a surge in sales of unconventional car accessories designed to make long journeys more comfortable. Gmarket, a popular e-commerce platform, reported a notable uptick in searches for portable urinals with the holiday approaching. Originally [...]
SEOUL, Sept.16 (Korea Bizwire) – As Hyundai Motor Company recently announced plans to mass-produce extended-range electric vehicles (EREVs), the battery industry is closely watching the potential impact of this emerging technology. While the market viability of EREVs remains to be fully proven, there’s growing optimism that the expansion of this sector could provide a much-needed boost [...]
SEOUL, Sept. 13 (Korea Bizwire) — Unionized workers of Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., began a full-scale strike Friday, as little progress was made in wage talks, company officials said. The union of Renault Korea has been on a partial strike since Tuesday over the wage [...]
SEOUL, Sept. 12 (Korea Bizwire) – Bentley, the British luxury automaker, has launched the fourth generation of its flagship sedan, the Flying Spur, in South Korea, choosing the country for the model’s global premiere. On September 11, Bentley Motors Korea held a media launch event at the Bentley Tower in Dongdaemun-gu, Seoul, to introduce the latest [...]