SEOUL, Jul. 2 (Korea Bizwire) – In a recent incident that has ignited debate on social media, Renault Korea finds itself embroiled in controversy over a hand gesture made by an employee in a promotional video for their new vehicle. The automotive company has launched an investigation and suspended the employee in question following the uproar. [...]
SEOUL, Jul. 2 (Korea Bizwire) — Kia’s Sorento SUV was the top-selling car in South Korea during the first half of 2024, according to industry data Tuesday. According to auto industry sales data, Sorento sold 49,588 units during the January-June period. Kia’s Carnival minivan and Hyundai Motor’s Santa Fe SUV followed, selling 44,868 units and [...]
SEOUL, Jul. 2 (Korea Bizwire) – Seoul Metro, the operator of Seoul’s subway lines 1 through 8, announced on July 1 that it will undertake a consulting project for Jakarta’s urban rail operations. The project, valued at $9.8 million (13 billion won), is set to run from 2025 to 2028. It is part of a public [...]
SEOUL, July 1 (Korea Bizwire) – MINI Korea announced on July 1 the official launch of its new MINI Cooper S 3-Door model in the domestic market, marking a significant milestone for the brand. The new MINI Cooper S 3-Door represents the first complete redesign in a decade, succeeding the model introduced in 2014. It is [...]
SEOUL, July 1 (Korea Bizwire) –Renault Korea Motors Co., the South Korean arm of Renault S.A., reported a notable 23.4% increase in its June sales, driven by a significant rise in exports. The company announced on Monday that it sold 9,002 vehicles last month, a considerable jump from the 7,297 units sold in the same [...]
CHESHIRE, Connecticut, Jul. 1 (Korea Bizwire) — Aerospace Alley is one of the world’s largest and most experienced concentrations of aerospace companies, housing around 130 parts companies and top-tier original equipment manufacturers (OEMs) within an 80-kilometer radius of Hartford, Connecticut. Anchored by internationally renowned companies, like jet engine-maker Pratt & Whitney, this industrial ecosystem supports [...]
CHESHIRE, Connecticut, Jul. 1 (Korea Bizwire) — Hanwha Aerospace Co. said Sunday it aims to generate 2.9 trillion won (US$2.08 billion) in sales from the global aviation engine components business by 2032, with a target to secure capabilities for developing its own engine technologies for fighter jets. “Hanwha Aerospace has been actively promoting its global [...]
SEOUL, Jul. 1 (Korea Bizwire) — Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., has apologized following an online backlash over purported misandry imagery contained in the company’s YouTube videos. On Saturday, Renault Korea blocked public access to videos that have been available on Renault Inside, one of its [...]
ULSAN, June 28 (Korea Bizwire) – Hyundai Motor Co. and its labor union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026. The agreement was reached in the 10th round of negotiations related to wages and working conditions held at the company’s plant in Ulsan, 299 kilometers southeast of Seoul. The [...]
SEOUL, June 28 (Korea Bizwire) – LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Friday it has suspended the construction of a battery production line for energy storage systems (ESS) in its Arizona plant. In April, LGES began the construction of the US$5.5 billion battery plant to produce 46-Series cylindrical batteries for [...]