SEOUL, Apr. 24 (Korea Bizwire) – Hyundai Motor Company has announced that it is opening an offline tuning platform called the ‘N Performance Garage’ in Cheonan-gu, Yongin, Gyeonggi Province, to provide a new tuning culture experience. The N Performance Garage is an official tuning specialty shop for Hyundai’s high-performance ‘N’ brand, featuring a display of the [...]
SEOUL, April 23 (Korea Bizwire) -- South Korea is set to launch a homegrown earth observation nanosatellite into space this week, as part of its plan to create the country’s satellite constellation by 2027, the science ministry said Tuesday. The nanosatellite, the first unit of the envisioned satellite constellation, will be launched from Rocket Lab’s [...]
SEOUL, Apr. 22 (Korea Bizwire) –Hyundai Motor Company is offering Pakistani drivers some relief from the region’s scorching summer temperatures through an innovative nanotechnology that drastically reduces interior vehicle heat without tinted windows. The South Korean automaker launched a campaign called “Made Cooler by Hyundai” this month to install its proprietary “nano cooling film” on [...]
INCHEON, Apr. 22 (Korea Bizwire) –A new research and development center for the German automaker BMW has opened its doors in Incheon, South Korea, underscoring the company’s commitment to one of its most crucial global markets. The BMW Group Korea inaugurated the BMW Group R&D Center Korea on April 22 in the Cheongna International City [...]
SEOUL, Apr. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed a 174- megawatt power purchase agreement (PPA) with a solar energy project led by Spain’s Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar [...]
SEOUL, Apr. 22 (Korea Bizwire) – Kia Motors has launched a new service in the North American market that allows customers to customize the design of their vehicle’s cluster and infotainment displays according to their preferences. Ahead of the start of the NBA playoffs, Kia has introduced “Display Themes” that change the visual appearance of the [...]
SEOUL & GANGEUNG, Apr. 20 (Korea Bizwire) –In an unprecedented move to determine the cause of a tragic 2022 vehicle acceleration incident that claimed the life of 12-year-old Lee Do-hyun, South Korean authorities conducted an on-site “reenactment test” on April 19, the first of its kind in the nation’s history. The two-hour test in Gangneung, [...]
SEOUL, Apr. 18 (Korea Bizwire) — Hanwha Systems Co., a South Korean defense solutions company, said Thursday its small synthetic aperture radar (SAR) satellite has successfully conducted a mission for Earth observation by capturing images of landmarks in major cities, including New York and Dubai. The images were taken by Hanwha Systems’ small SAR satellite [...]
SEOUL, Apr. 16 (Korea Bizwire) – SK Networks, a major South Korean conglomerate, has decided to sell its wholly owned car rental subsidiary, SK Rent-a-Car, as part of efforts to secure funds for its artificial intelligence (AI) growth initiatives. In a regulatory filing on April 16, SK Networks announced that it has selected Affinity Equity [...]
SEJONG, Apr. 16 (Korea Bizwire) – South Korea’s industry ministry said Tuesday it has discussed ways to broaden cooperation in the aviation, space and defense sectors with U.S. aviation giant Boeing Co. Industrial Policy Director General Lee Seung-ryeol met Patty Chang-Chien, the vice president and general manager of Boeing Research & Technology, in Seoul to [...]