SEOUL, Jun. 20 (Korea Bizwire) — The European Union’s aviation safety authority will be “ready to react appropriately” against possible flight maintenance issues of the European operation of South Korean low-cost carrier T’way Air, which has recently been plagued by frequent delays due to aircraft maintenance issues, an agency spokesperson said Thursday. T’way Air experienced [...]
SEOUL, Jun. 19 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has partnered with ChargePoint Inc., the leading supplier of charging solutions for electric vehicles in North America, to expand its EV charging business on a global basis. Under the memorandum of understanding, LG Electronics will supply its advanced EV charging equipment to ChargePoint, [...]
SEOUL, Jun. 19 (Korea Bizwire) – Hyundai Motor’s share price reached a historic peak on June 18, propelled by the anticipated effects of its Indian subsidiary’s initial public offering (IPO). Kia Motors, which had traded range-bound after its dividend payout following a March high, also surpassed its previous record, with both automakers setting new highs on [...]
SEOUL, June 18 (Korea Bizwire) – The expected entry of China’s BYD Auto Co. into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according [...]
SEOUL, Jun. 18 (Korea Bizwire) — Chang Jae-hoon, president and CEO of Hyundai Motor Co., has been named co-chair of the Hydrogen Council, a global corporate initiative with a united vision for hydrogen adoption for a clean energy transition, according to the company Tuesday. Chang will join Sanjiv Lamba, CEO of Linde plc, to lead [...]
SEOUL, June 17 (Korea Bizwire) – Hanjin Logistics Corp., the logistics unit of airline conglomerate Hanjin Group, said Monday it will add seven new branches in Europe by 2027 to gain a bigger share in the local logistics markets. Hanjin Logistics currently operates 37 subsidiaries and branches in 18 countries to provide trucking services of [...]
SEOUL, June 17 (Korea Bizwire) – A new car manufacturing plant by Hyundai Motor Co., South Korea’s largest automaker, under construction in the U.S. state of Georgia will prioritize producing electric vehicles despite a temporary fluctuation in market demand, the company’s CEO said Monday. “Even though the demand for electric vehicles is temporarily fluctuating more [...]
SEOUL, Jun. 17 (Korea Bizwire) – As electric vehicles (EVs) with extended driving ranges enter the mainstream South Korean market, consumers’ interest in battery technology—a crucial factor determining an EV’s range—is expected to intensify. Some industry observers predict that the proliferation of affordable EVs could ignite fierce competition in battery development. According to auto industry analysts, [...]
ASHKENT, June 14 (Korea Bizwire) – South Korean train manufacturer Hyundai Rotem Co. signed a contract to supply high-speed trains to Uzbekistan on Friday during President Yoon Suk Yeol’s state visit to the Central Asian nation, marking the first export of bullet trains built with homegrown technology. The agreement was signed at a ceremony attended [...]
SEOUL, June 14 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, has produced an advertisement campaign for its truck brands using generative artificial intelligence (AI) technology, its ad agency said Friday. Innocean Worldwide Inc., Hyundai Motor Group’s marketing and communications arm, said the three-part video series, titled “Cars That Run Forever,” was created [...]