SEOUL, Mar. 7 (Korea Bizwire) — Hyundai Motor Co., BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia Corp. and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land, Infrastructure [...]
SEOUL, Mar. 7 (Korea Bizwire) — The government said Thursday it plans to closely monitor air ticket prices amid concerns of market monopolization from an envisioned merger between Korean Air Co. and Asiana Airlines Inc. The Ministry of Land, Infrastructure and Transport announced the measures centered around the transport and logistics infrastructure for 2024 at [...]
SEOUL, Mar. 7 (Korea Bizwire) – The highly anticipated EV Trend Korea 2024 exhibition opened its doors on March 6 in Seoul’s Gangnam district, at the COEX Convention and Exhibition Center, presenting a forward-looking vista into the electric vehicle (EV) and charging infrastructure sector. Organized by the Ministry of Environment, in partnership with COEX and the [...]
SEOUL, Mar. 6 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in Seoul. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to [...]
SEOUL, March 4 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Monday its vehicle sales rose nearly 17 percent in February from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 30,630 vehicles last month, up 16.9 percent from 26,191 units from [...]
SEOUL, Mar. 4 (Korea Bizwire) — Kumho Tire Co., South Korea’s second-largest tire maker, said Monday it has forged a technology licensing agreement with Saudi Arabian tire maker Blatco Co. Under the agreement, Kumho Tire will provide Blatco with technology support for the production of passenger car tires sold in Saudi Arabia and the Middle [...]
SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]
SEOUL, Mar. 4 (Korea Bizwire) — The number of eco-friendly car registrations in South Korea surpassed that of liquefied petroleum gas (LPG) models for the first time last year, according to data Monday. According to data from the Ministry of Land, Infrastructure and Transport, cumulative registration of domestic eco-friendly cars, such as hybrids, electric and [...]
SEOUL, March 3 (Korea Bizwire) – South Korea’s first military spy satellite has successfully transmitted “good-resolution” images of central Pyongyang back home following the satellite’s launch in December, military sources said Sunday. The first indigenous South Korean military spy satellite was placed into orbit from Vandenberg Space Force Base in California on Dec. 2, allowing [...]
SEOUL, March 3 (Korea Bizwire) – South Korea’s demand for key minerals is expected to jump up to nineteenfold from 2021 by 2040 due to expansion in the electric car and wind power industries, a report showed Sunday. The demand for lithium, nickel, manganese and cobalt, essential for electric car batteries, will be up by [...]