GOYANG, South Korea, April 3 (Korea Bizwire) — Mercedes-Benz Korea unveiled the second-generation model of its high-performance two-door coupé, the Mercedes-AMG GT, at the 2025 Seoul Mobility Show, marking the vehicle’s first public appearance in the country. The new AMG GT will be offered in two variants: the gasoline-powered GT 55 4MATIC+ and the hybrid-powered GT [...]
SEOUL, April 2 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will unveil a fully redesigned version of its Nexo hydrogen fuel cell sport utility vehicle (SUV) for the first time at the 2025 Seoul Mobility Show this week. The model, to be unveiled at the biennial motor show, will be the first fully [...]
SEOUL, April 2 (Korea Bizwire) — Once fierce competitors in the global auto industry, South Korea and Japan may now find common ground as shifting geopolitical landscapes and the digital transformation of mobility open new paths for cooperation, a new report suggests. In its latest analysis titled “Strategies and Implications for Japan’s Auto Industry in an [...]
SEOUL, April 2 (Korea Bizwire) — The United States’ plan to impose25 percent tariffs on imported automobiles starting this week has ignited concerns over the long-term stability of GM Korea Co., the South Korean unit of General Motors (GM) Co., raising the possibility of its potential withdrawal from South Korea, industry observers noted Wednesday. GM’s [...]
SEOUL, April 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. reported record-breaking performances in the United States last month, extending their growth streak for the sixth consecutive month ahead of impending U.S. auto import tariffs, according to the companies Wednesday. Hyundai Motor’s U.S. sales rose 13.1 percent on-year to 87,019 units [...]
SEOUL, April 1 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it will acquire General Motors Co.’s entire stake in their joint venture (JV) battery plant in Michigan for 3 trillion won (US$2.04 billion). The planned acquisition of the Ultium Cells JV 3 plant in Lansing, Michigan, is [...]
SEOUL, April 1 (Korea Bizwire) — A recent South Korean Supreme Court ruling requiring companies to include conditional regular bonuses in base wages is placing significant financial pressure on employers, particularly smaller firms, according to a new survey released Sunday by the Korea Chamber of Commerce and Industry (KCCI). The emergency survey, conducted 100 days after [...]
SEOUL, April 1 (Korea Bizwire) — BMW Group Korea and BYD Korea announced they will unveil a slate of new models at the 2025 Seoul Mobility Show, set to open on April 3. The two automakers are showcasing their latest innovations as part of their continued expansion in the South Korean market. BMW will debut several [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s largest companies are increasingly moving beyond traditional job postings, adopting more proactive hiring strategies such as headhunting and direct sourcing to secure talent, according to new government data. The findings, released Sunday by the Ministry of Employment and Labor and the Korea Employment Information Service, come from the [...]
WASHINGTON, March 31 1(Korea Bizwire) — The U.S. Trade Representative (USTR) on Monday released an annual report on foreign trade barriers that listed South Korea’s “offset” defense trade policy, emission-related regulations on imported cars and pricing policies for pharmaceuticals to name a few. The Office of the USTR issued the 2025 National Trade Estimate Report [...]