SEOUL, Aug. 2 (Korea Bizwire) — Mercedes-Benz Korea Ltd. on Friday expressed “deep regret” over a parking lot fire this week caused by an explosion of an electric vehicle. The white EV sedan, which appeared to be of Mercedes-Benz’s EQE line, caught fire in an underground parking lot inside an apartment complex in Incheon, 27 kilometers west [...]
SEOUL, Aug. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Thursday its July sales plummeted over 40 percent from a year earlier due to production delays caused by facility maintenance and negotiations over wages. GM Korea sold 22,564 vehicles last month, down 44.6 percent from a year [...]
SEOUL, Aug. 1 (Korea Bizwire) — Korean Air Co. said Thursday it will discontinue the provision of instant noodles for economy class passengers on long-haul routes over concerns of burn injuries. South Korea’s leading full-service air carrier said it will revamp its in-flight snack service for long-haul routes, starting Aug. 15. The company will discontinue [...]
SEOUL, Aug. 1 (Korea Bizwire) – Over half of South Korea’s leading corporations have failed to launch a single new business venture in the past five years, according to a recent study. Even Samsung Electronics, the country’s largest conglomerate, has not added any new business objectives to its portfolio in the last decade. A report released [...]
SEOUL, Aug. 1 (Korea Bizwire) — The number of registered electric vehicles (EVs) in South Korea has surpassed 600,000, industry data showed Thursday. According to the data from the Korea Automobile & Mobility Association (KAMA) and the transport ministry, EV registrations in the country totaled 606,610 units as of June. The government began to officially [...]
SEOUL, July 30 (Korea Bizwire) – Hyundai Motor Company announced on July 28 that its short film “Night Fishing,” co-produced with actor Son Suk-ku, won the Best Editing Award in the International Short Film Competition category at the 28th Fantasia International Film Festival. This marks the first time a film produced by a Korean automaker has [...]
SEOUL, Jul. 30 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automobile manufacturers, have significantly increased their data security-related investments in recent years in line with the strengthening of software capabilities in their vehicles, industry data showed Tuesday. According to the Korea Internet & Security Agency’s corporate information protection portal, Hyundai [...]
SEOUL, July 29 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s leading automotive companies, on Monday held a joint demonstration for their integrated air taxi service technology in Indonesia, the companies said. The automakers said they held a public event to demonstrate their combined integrated advanced air mobility (AAM) technology at Samarinda [...]
SEOGWIPO, Jul. 29 (Korea Bizwire) – In early 2023, Chung Eui-sun, the chairman of Hyundai Motor Group, directed his executive team to develop a “firefighter recovery vehicle” after learning that only 10 such vehicles existed nationwide, and they were aging rapidly. Chung suggested utilizing the company’s hydrogen bus technology for this purpose. The initiative was sparked [...]
SEOUL, Jul. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, unveiled teaser images for the company’s upcoming revamped K8 sedan Monday. The teaser spotlights the silhouette of the front and rear lights of the newly designed K8 sedan. The original K8 was first introduced in 2021 and had sold over 130,000 units in [...]