BUSAN, Oct. 8 (Korea Bizwire) – Rising sea temperatures and deteriorating fishing conditions are driving a wave of closures among South Korea’s offshore fishing vessels, with more than half of the fleet considering decommissioning. The National Federation of Fisheries Cooperatives for Large Trawlers announced on October 7 that 74 out of 136 vessels in its fleet have [...]
SEOUL, Oct. 8 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will host a unique motorsport event in partnership with Toyota Motor Co. later this month in South Korea featuring high-performance models and racing vehicles from both companies. The Hyundai N x Toyota Gazoo Racing Festival will be held at Everland Speedway in Yongin, [...]
SEOUL, Oct. 8 (Korea Bizwire) – A concerning number of traffic accidents have occurred while vehicles were operating under Adaptive Cruise Control (ACC), a feature designed to maintain a set speed and distance from the car ahead, according to recent data from the Korea Expressway Corporation. The report, released on October 7 by Democratic Party lawmaker Park [...]
SEOUL, Oct. 7 (Korea Bizwire) – In an era of rapid technological advancement, South Korean medical professionals are increasingly turning to digital therapeutics and so-called “electronic medicine” to treat and manage various health conditions without traditional pharmaceuticals. Last month, Dr. Kang Dong-wha, a neurologist at Seoul Asan Hospital, prescribed a digital therapeutic device called VIVID Brain to [...]
SEOUL, Oct. 7 (Korea Bizwire) — Mercedes-Benz car dealers in South Korea have apparently been trained by the company’s local unit to tell customers that the automaker used battery cells produced exclusively by CATL in its electric vehicle (EV) models. In the 2023 EQ Sales Playbook, Mercedes-Benz Korea’s official dealer training material, dealers were instructed [...]
SEOUL, Oct. 7 (Korea Bizwire) – As the global electric vehicle (EV) market grapples with a drop in demand, South Korea’s battery industry is struggling to emerge from a prolonged slump. Increasingly, these companies are turning to U.S. tax incentives to bolster their financial performance. According to industry analysts, the three major South Korean battery manufacturers — [...]
SEOUL, Oct. 7 (Korea Bizwire) — The top three bestselling car models in South Korea during the first nine months of the year were all found to be those of Kia Corp., industry data showed Monday. According to industry sales data, Kia dominated the top three spots in cumulative domestic sales during the January-September period. [...]
SEOUL, Oct. 7 (Korea Bizwire) – Hyundai Motor Company announced on October 6 that cumulative sales of its hydrogen-powered electric bus, the Elec City FCEV, have exceeded 1,000 units. As of last month, total sales reached 1,032 vehicles, a significant milestone for the automotive giant’s eco-friendly public transportation initiative. The Elec City FCEV, introduced in 2019, represents [...]
SEOUL, Oct. 6 (Korea Bizwire) – Vehicle sales of Hyundai Motor Co. and Kia Corp. in Singapore have more than doubled in the first half of 2024 from a year ago following the establishment of their new cutting-edge mobility plant last year, the companies said Sunday. New car registrations for Hyundai and Kia vehicles in [...]
SEOUL, Oct. 6 (Korea Bizwire) – Over 60 percent of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed Sunday, raising calls for companies to consider more balanced global export strategies. According to industry data, exports of the five automotive firms with manufacturing bases in South Korea [...]