SEOUL, Nov. 21 (Korea Bizwire) — Polestar CEO Michael Lohscheller underscored the strategic importance of the company’s Busan production base, describing it as a critical bridge between Asian and North American markets as the premium electric-vehicle maker expands its global manufacturing footprint. Speaking with Korean reporters on Nov. 20 at Polestar Seoul Space in Yongsan, Lohscheller [...]
LE CASTELLET, France, Nov. 21 (Korea Bizwire) — Genesis, Hyundai Motor Group’s luxury brand, marked its 10th anniversary with the world premiere of its first high-performance production model, the GV60 Magma, unveiling the vehicle at the Paul Ricard Circuit on Thursday as it charts a bold new course in the premium sports-car segment. “With Genesis becoming [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kakao’s real-time bus-tracking feature, which displays vehicle locations with 10-centimeter accuracy, is delivering measurable time savings for riders — nearly two hours per month — according to a new academic study commissioned by the company. Kakao said on Nov. 20 that research teams from Seoul National University and KAIST analyzed [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korean autonomous-driving startup Autonomous A2Z has established a joint venture in Abu Dhabi with Space42, an Emirati AI and space-technology company, as the two countries expand cooperation in advanced mobility during President Lee Jae-myung’s state visit to the United Arab Emirates. The companies announced the partnership on Nov. 19 [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kia’s new electric commercial vehicle, the PV5, has been named the 2026 International Van of the Year (IVOTY), marking the first time a Korean brand — and the first time an Asian electric light commercial vehicle — has captured the industry’s most prestigious award. Kia announced on Nov. 20 that [...]
SEOUL, Nov. 19 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Wednesday it has signed a memorandum of understanding (MOU) with a United Arab Emirates (UAE) defense company to cooperate in the aerospace sector. The agreement with EDGE Platforms and Systems, a unit of the UAE’s defense conglomerate EDGE [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Group will supply hydrogen fuel-cell buses to Guangzhou as part of a joint initiative with China’s commercial vehicle maker Kaiwo Group, the company said Tuesday, marking a significant expansion of its hydrogen mobility footprint in the world’s largest auto market. The 8.5-meter hydrogen buses—co-developed by Hyundai’s local fuel-cell [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Group is moving to strengthen its defenses against mounting cyber threats, establishing a new group-wide control tower and sharply increasing investments in information security amid a wave of high-profile hacking incidents in South Korea. According to industry officials on Tuesday, the conglomerate recently created the Group Cyber Threat [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s electric vehicle market has hit a symbolic milestone, surpassing 200,000 new registrations in a single year for the first time — a development officials say signals the end of a three-year slump. The Climate, Energy and Environment Ministry said Sunday that 200,650 new EVs were registered as of [...]
SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]