SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]
SEOUL, Apr. 4 (Korea Bizwire) – Hyundai Mobis, a leading automotive parts supplier, announced on April 4 the launch of a button-integrated smart key in the form of a slim card, designed for enhanced portability and convenience. While card-style smart keys have previously been used in certain export models of the Genesis brand, this marks [...]
SEOUL, Apr. 4 (Korea Bizwire) — Mercedes-Benz Korea, Stellantis Korea and two other carmakers will recall more than 50,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Honda Motor Co. and Jaguar Land-Rover Korea, are voluntarily recalling a total of 50,760 units of 62 different models, the Ministry of [...]
SEOUL, Apr. 2 (Korea Bizwire) – Hyundai Motor Group has become the largest shareholder of a leading mobile carrier, KT Corp., the communications service provider said Tuesday in a regulatory filing. Hyundai’s status as the largest shareholder, however, requires approval from the science ministry. The change came as the National Pension Service, previously the largest [...]
SEOUL, Apr. 2 (Korea Bizwire) — Seoul Metro, the operator of subway lines 1-8, said Tuesday that it will replace all fabric chairs with reinforced plastic chairs by 2029 to keep the subways clean from bedbugs and other pollutants. Fabric currently accounts for 54 percent of all subway seats operated by the city-run corporation, followed [...]
SEOUL, Apr. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Monday its monthly sales fell 3.7 percent in March from a year earlier due to sluggish demand in its home market. Hyundai Motor sold 369,132 vehicles last month, down from 383,396 units a year ago, the company said in a statement. [...]
SEOUL, Apr. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Monday its vehicle sales rose 26 percent in March from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 51,388 vehicles last month, compared with 40,781 units from a year ago, [...]
SEJONG, Apr. 1 (Korea Bizwire) – Beginning on April 1, all electric vehicles sold in South Korea will be required to display color-coded labels indicating their energy efficiency rating on a scale of 1 to 5, with 1 being the most efficient. The new five-tier rating system, introduced by the Ministry of Trade, Industry and Energy, [...]
SEOUL, Apr. 1 (Korea Bizwire) – Ahead of the 2024 season opener for South Korea’s largest single-make racing event, the Hyundai N Festival, Hyundai Motor Company unveiled its high-performance Ioniq 5 N eN1 Cup Car during an official practice round held on March 30 at the Inje Speedium racetrack in Inje County, Gangwon Province. The Ioniq [...]
SEOUL, Apr. 1 (Korea Bizwire) – Hyundai Motor Company has released a promotional campaign video on its global YouTube channel showcasing the Ioniq 5 robotaxi’s journey to obtain a U.S. driver’s license, a milestone announced on March 31. The video, titled “Ioniq 5 robotaxi – Hyundai gets its driver’s license,” chronicles the autonomous vehicle’s venture through [...]