SEOUL, Aug. 23 (Korea Bizwire) – In the wake of heightened safety concerns, partly sparked by an incident involving Suga, a member of the K-pop group BTS, South Korean lawmakers are pushing for stricter regulations on the use of personal mobility devices (PMDs) such as electric scooters and kickboards. Several bills have been introduced in the [...]
INCHEON, Aug. 22 (Korea Bizwire) –“Normal life still feels far away,” sighed an individual referred to only as Hwang, 44, as he sat in a temporary shelter at the Korean Red Cross Northwest Service Center in Cheongna-dong, Seo-gu, Incheon. It’s been nearly three weeks since an electric vehicle fire in an apartment complex forced hundreds [...]
SEOUL, Aug. 22 (Korea Bizwire) –Kia Motors, the South Korean automaker, announced on August 21 a comprehensive plan to address safety concerns and boost customer confidence in its electric vehicles (EVs). The initiative, dubbed the Electric Vehicle Customer Care Plan, includes several key measures aimed at enhancing safety and transparency for Kia’s EV customers. Effective [...]
SEOUL, Aug. 22 (Korea Bizwire) –Car output fell more than 17 percent on-year in July due to weak domestic demand and partial strikes at some companies, industry data showed Thursday. According to the Korea Automobile & Mobility Association, the total production volume of five automakers last month totaled 290,910 units, down 17.6 percent from [...]
SEOUL, Aug. 21 (Korea Bizwire) – Hyundai Rotem, a leading South Korean railway equipment manufacturer, has reported a record-breaking order backlog in its rail division, securing approximately eight years of work ahead. The company is now setting its sights on additional high-speed rail contracts while reinforcing its production facilities to ensure timely deliveries. As of the [...]
SEOUL, Aug. 21 (Korea Bizwire) – In the wake of electric vehicle (EV) fire controversies, lithium iron phosphate (LFP) batteries are gaining attention in the global market. Known for their stability and cost-effectiveness, LFP batteries are seeing steady demand compared to their premium counterparts, nickel-cobalt-manganese (NCM) batteries. However, South Korean battery manufacturers find themselves in a [...]
SEOUL, Aug. 21 (Korea Bizwire) — The combined market share of electric vehicles produced by South Korea’s Hyundai Motor Co. and Kia Corp. in the United States ranked second in the January-July period, outperforming local manufacturers Ford Motor Co. and General Motors Co., an industry report showed Wednesday. In the report from Automotive News, citing [...]
SEOUL, Aug. 21 (Korea Bizwire) – Automotive companies in South Korea are pushing forward with their new electric vehicle launch schedules despite public concerns over EV safety, with key players actively campaigning to debunk unsubstantiated myths surrounding safe charging practices. The latest fears surrounding EVs began after a spontaneous fire that began in a parked Mercedes-Benz [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a remarkable turnaround story, Hyundai Motor’s Turkish plant has transformed from a struggling venture to a vital hub in the automaker’s global operations, boasting an industry-leading utilization rate of 119.9% in the first half of this year. The Hyundai Assan Otomotive Sanayi (HAOS) facility, located in Izmit, Turkey, has [...]
SEOUL, Aug. 20 (Korea Bizwire) – KG Mobility Corp., a South Korean carmaker, on Tuesday launched a redesigned Actyon sport utility vehicle in the domestic market to boost sales. The Actyon SUV comes with a 1.5-liter gasoline turbocharged engine, a six-speed automatic transmission, and eight airbags, the company said in a statement. The revamped model [...]