ULSAN, June 13 (Korea Bizwire) -- Wage negotiations between Hyundai Motor Co., South Korea’s leading automaker, and its union have collapsed, union representatives said Thursday, with workers expected to vote later this month whether to stage a walkout. The union decided to call off further negotiations after holding the eighth round of talks at the [...]
SEOUL, Jun. 13 (Korea Bizwire) — The 2024 Busan International Mobility Show (BIMOS) will bring eco-friendly vehicles to the forefront this month, according to organizers and industry sources Thursday, as the biennial trade show struggles to maintain its influence moving forward. BIMOS is scheduled to open June 28 for a 10-day run at the BEXCO [...]
SEOUL, Jun. 12 (Korea Bizwire) – Efforts are underway to enhance the public perception of electric vehicles, as those who have yet to make the switch hold more negative views compared to current EV owners. This disparity in attitudes may pose a significant obstacle to the broader adoption of this environmentally friendly technology. This issue was [...]
SEOUL, Jun. 12 (Korea Bizwire) — SK Inc., the holding company of South Korea’s chip-to-battery conglomerate SK Group, said Wednesday it has partnered with China’s Geely Holding Group for cooperation in batteries and future mobility solutions. Under the strategic agreement signed Tuesday, the two companies will explore business opportunities in the eco-friendly mobility sector, including [...]
SEOUL, Jun. 11 (Korea Bizwire) — Hankook Tire & Technology Co. said Tuesday it has signed a deal with Mitsubishi Motors Corp. to supply tires for the Japanese automaker’s Xforce compact sport utility vehicle. The South Korean tire company said it will supply its Ventus Prime 4 product to Mitsubishi. The company’s Ventus product series [...]
SEOUL, Jun. 11 (Korea Bizwire) – KG Mobility, a South Korean automaker, has called into question the objectivity and reliability of a reenactment test conducted to determine the cause of a suspected sudden acceleration accident in the city of Gangneung that occurred a year and a half ago, resulting in the death of a young boy. [...]
SEOUL, Jun. 7 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Friday its U.S. unit has received a 241.4 billion-won (US$175.8 million) order for double-deckers in the United States. Hyundai Rotem USA Corp. has obtained the order from the Massachusetts Bay Transportation Authority (MBTA), the company said [...]
SEOUL, Jun. 5 (Korea Bizwire) –Hyundai Motor Company has introduced the 2025 Grandeur, a revamped version of its flagship sedan, the company announced on June 5. Since its debut in 1986, the Grandeur, once nicknamed the “executive car,” has been Hyundai’s signature sedan. Last year, it solidified its position as a best-selling vehicle in South [...]
SEOUL, May 30 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., said Thursday it has launched the Torres EVX Van, the first electric van vehicle model in South Korea. The Torres EVX Van is equipped with a 73.4kWh lithium iron phosphate blade battery and can travel 411 kilometers on a single charge. [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]