SEOUL, Nov. 24 (Korea Bizwire) – In a move to bolster the presence of South Korean companies in Vietnam, a consortium led by the Korea Land and Housing Corporation (LH) has completed construction of the first “Korean-style industrial complex” in the country. The Ministry of Land, Infrastructure, and Transport announced Sunday the completion of the Hưng [...]
SEOUL, Nov. 24 (Korea Bizwire) – As former U.S. President Donald Trump positions for the return to the White House, South Korea is considering expanding its purchase of American energy as part of its strategy to manage trade pressures from the U.S. This move is also expected to strengthen South Korea’s negotiating power with its traditional [...]
SEOUL, Nov. 22 (Korea Bizwire) – Mercedes-Benz Korea announced on Friday that its ultra-luxury sub-brand, Mercedes-Maybach, has achieved cumulative sales of over 10,000 units in South Korea. This milestone comes nearly two decades after its introduction to the domestic luxury sedan market with the Maybach 57 and Maybach 62 in June 2004. The 10,000th unit sold [...]
LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders. The venue, a masterpiece of mid-century [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean steelmakers on Friday called for establishing a joint consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said. Officials from major steelmakers, including POSCO and Hyundai Steel, made the call during a meeting with Industry Minister [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea expects to achieve an economic effect worth 59 trillion won (US$42 billion) by beefing up the country’s “zero carbon energy ecosystem” by 2033, the industry ministry said Friday. The Ministry of Trade, Industry and Energy has announced the 5th Energy Technology Plan, which presented its energy technology [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]
SEOUL/LOS ANGELES, Nov. 22 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, said Friday it has unveiled the high-performance version of its flagship EV9 electric SUV at the Los Angeles Auto Show. The EV9 GT, which made its debut at the LA Convention Center, features a 160 kilowatt front motor and a 270 kilowatt [...]
SEOUL/LOS ANGELES, Nov. 22 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Friday it has showcased the updated version of its electric GV70 SUV at the Los Angeles Auto Show. The revamped model introduces new features, including micro lens array technology used to create a distinct lighting effect and a specially designed [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul Metro, the operator of subway lines 1-8, said Friday that 27 trains were delayed by more than 20 minutes on the previous day, the second day of a slowdown strike by its unionized workers. With 3,189 subway trains in operation Thursday, their on-time rate stood at 99.1 percent, [...]