SEOUL, Nov. 6 (Korea Bizwire) — A South Korean court on Thursday handed a suspended prison sentence to the former head of Volkswagen’s Korean unit, nearly nine years after he was indicted for his role in the automaker’s emissions-rigging scandal. The Seoul Central District Court sentenced Johannes Thammer, former managing director of Audi Volkswagen Korea [...]
SEOUL, Nov. 4 (Korea Bizwire) — Seoul’s experiment with “no-scooter zones” has drawn strong public support, with a majority of residents reporting safer and more comfortable pedestrian environments, city officials said Monday. The pilot program, the first of its kind in South Korea, was launched in May along two busy stretches: the 1.3-kilometer Red Road [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai Motor Co. said Thursday it broke ground on a new hydrogen fuel cell production facility in the southeastern city of Ulsan, marking a step forward in solidifying the automaker’s leadership in the future mobility sector. The company held a groundbreaking ceremony at its main car manufacturing complex in [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s auto industry breathed a sigh of relief on Wednesday after the United States agreed to lower tariffs on Korean vehicles, a move that removes a major trade irritant and strengthens a deal underpinning Seoul’s $350 billion investment pledge in the American economy. The announcement followed a summit between [...]
SEOUL, Oct. 29 (Korea Bizwire) – Kia Corp., South Korea’s second-largest carmaker, said Wednesday its first dedicated electric light commercial vehicle (eLCV), the PV5 Cargo, has set a Guinness World Records title for driving range. The PV5 Cargo traveled 693.38 kilometers on a single charge while carrying its maximum payload of 665 kilograms, the company [...]
SEOUL, Oct. 29 (Korea Bizwire) – Hyundai Motor Co. plans to spotlight its hydrogen fuel-cell technology at the Japan Mobility Show this week as the South Korean automaker pushes to expand in a market long dominated by Toyota. The company said Wednesday it will introduce the latest Nexo hydrogen-powered SUV in Japan in the first half [...]
SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Group Executive Chair Euisun Chung met with Saudi Crown Prince Mohammed bin Salman in Riyadh this week, as the South Korean auto maker looks to deepen ties in one of the Middle East’s fastest-growing car markets. The two discussed cooperation in automotive manufacturing and smart-city development during their [...]
SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Group said Tuesday it has showcased its hydrogen-powered Nexo crossover vehicle at the main venue of the Asia-Pacific Economic Cooperation (APEC) CEO Summit this week in South Korea, highlighting its leadership in future mobility technologies. The all-new Nexo has been placed at Gyeongju Arts Center, where the [...]
SEOUL, Oct. 27 (Korea Bizwire) — A new payment technology that allows bus passengers to board without tapping a card or phone has debuted in Seoul, in a pilot seen as a step toward a fully touch-free public transit system. Tmoney, the operator of South Korea’s dominant transit payment platform, said Monday it has activated its [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s three mid-sized automakers are losing ground so rapidly in their home market that they now lag behind Tesla, a relative newcomer that entered the country less than a decade ago. According to data from Kaizuyu Data Research Institute released Sunday, Renault Korea sold 40,431 vehicles in the domestic [...]