SEOUL, Mar. 27 (Korea Bizwire) – The union of intracity bus drivers in Seoul and their employers are set to hold last-minute negotiations over wage hikes Wednesday ahead of a threatened general strike that could halt the operation of 7,210 intracity buses, or 97.6 percent of the capital’s total, if carried out the following day [...]
SEOUL, March 26 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has unveiled two new Genesis concept vehicles in New York as it strives to further strengthen the independent Genesis brand. Hyundai Motor introduced the brand’s first flagship electric SUV concept, the Genesis Neolun Concept, and the GV60 Magma Concept, which is an upgraded [...]
SEOUL, Mar. 26 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it has hired two former Mercedes-Benz and BMW designers for its operations in Europe and China in the latest move to strengthen its design capabilities. Former Mercedes-Benz designer Oliver Samson and former BMW designer Lim Seung-mo will begin serving as head [...]
SEOUL, Mar. 25 (Korea Bizwire) — South Korea plans to launch its second military satellite in early April, the defense ministry said Monday, under a project to launch five satellites to better monitor North Korea. South Korea launched the first surveillance satellite using SpaceX’s Falcon 9 rocket from a U.S. military base in California last [...]
SEOUL, Mar. 25 (Korea Bizwire) — The union of city bus drivers in Seoul said Monday its leaders agreed to start a general strike by all members later this week after failing to reach a deal on wage hikes with the Seoul city government. The Seoul Bus Labor Union, which has about 18,000 members at [...]
SEOUL, Mar. 22 (Korea Bizwire) – Hyundai’s premium Genesis brand has unveiled a blackout edition of its flagship G90 sedan, bathing the luxurious model in what the company calls “the primordial color” to evoke a sense of refined mystique. Dubbed the Genesis G90 Black, the range-topping trim focuses on elevating the aesthetic of South Korea’s most [...]
SEOUL, Mar. 21 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles, including hybrid and electric cars, experienced a significant decline in February, marking the first contraction in over three years, a concerning trend given the country’s rising dependence on electric vehicle (EV) exports. According to data released on March 20 by the Korea Automobile Manufacturers [...]
SEOUL, Mar. 19 (Korea Bizwire) –Hyundai’s Ioniq 5 and Kia’s EV6 muscled their way into the top 10 best-selling electric vehicles in the United States last year, carving out a foothold in a market dominated by Tesla. According to data from the market research firm S&P Global Mobility, the Ioniq 5 registered 31,286 sales in [...]
SEOUL, March 19 (Korea Bizwire) – Kakao Mobility Corp., South Korea’s top taxi-hailing service operator, has been pushing for plans to reappoint its CEO, despite the state financial regulator’s recommendation to replace him amid allegations of accounting fraud, industry sources said Tuesday. In a general shareholders’ meeting slated for next week, Kakao Mobility will carry [...]
SEOUL, Mar. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, said Tuesday it has been named an official sponsor of the U.S. Major League Baseball (MLB) World Tour Seoul Series set to open in South Korea this week. The tour features regular MLB season games played in various countries, with this year’s [...]