SEOUL, Oct. 29 (Korea Bizwire) – Kia Corp., South Korea’s second-largest carmaker, said Wednesday its first dedicated electric light commercial vehicle (eLCV), the PV5 Cargo, has set a Guinness World Records title for driving range. The PV5 Cargo traveled 693.38 kilometers on a single charge while carrying its maximum payload of 665 kilograms, the company [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korean business groups have moved their overseas production bases from China to the United States over the past eight years since the launch of U.S. President Donald Trump’s first administration, a corporate tracker said Wednesday. The combined assets of the top 10 business groups’ overseas subsidiaries more than [...]
SEOUL, Oct. 29 (Korea Bizwire) – Hyundai Motor Co. plans to spotlight its hydrogen fuel-cell technology at the Japan Mobility Show this week as the South Korean automaker pushes to expand in a market long dominated by Toyota. The company said Wednesday it will introduce the latest Nexo hydrogen-powered SUV in Japan in the first half [...]
SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Group Executive Chair Euisun Chung met with Saudi Crown Prince Mohammed bin Salman in Riyadh this week, as the South Korean auto maker looks to deepen ties in one of the Middle East’s fastest-growing car markets. The two discussed cooperation in automotive manufacturing and smart-city development during their [...]
SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Group said Tuesday it has showcased its hydrogen-powered Nexo crossover vehicle at the main venue of the Asia-Pacific Economic Cooperation (APEC) CEO Summit this week in South Korea, highlighting its leadership in future mobility technologies. The all-new Nexo has been placed at Gyeongju Arts Center, where the [...]
SEOUL, Oct. 28 (Korea Bizwire) – A global food event showcasing the latest food products, technology and trends will kick off in Seoul this week, the agriculture ministry said Tuesday. The Food Week Korea 2025 will run from Wednesday to Saturday in southern Seoul, with around 950 companies from 42 countries, under the theme of [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korean retailers are gearing up for a surge in global shopping demand next month, timing major overseas promotions with U.S. Black Friday and China’s Singles’ Day as they seek to capture more spending from international consumers. W Concept, operated by Shinsegae, will run a two-week “W Week” promotion on [...]
SEOUL, Oct. 27 (Korea Bizwire) — A new payment technology that allows bus passengers to board without tapping a card or phone has debuted in Seoul, in a pilot seen as a step toward a fully touch-free public transit system. Tmoney, the operator of South Korea’s dominant transit payment platform, said Monday it has activated its [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s three mid-sized automakers are losing ground so rapidly in their home market that they now lag behind Tesla, a relative newcomer that entered the country less than a decade ago. According to data from Kaizuyu Data Research Institute released Sunday, Renault Korea sold 40,431 vehicles in the domestic [...]
SEOUL, Oct. 27 (Korea Bizwire) — Relying too heavily on construction investment to stimulate South Korea’s economy could backfire, the Bank of Korea cautioned in a new report, citing Japan’s decades-long struggle with sluggish growth after its asset bubble burst. In a study released Sunday titled “Lessons from Japan and China’s Prolonged Weakness in Construction Investment,” [...]