SEOUL, Aug. 30 (Korea Bizwire) – In response to slowing electric vehicle (EV) adoption, Hyundai Motor has unveiled a new strategy centered on hybrid vehicles (HEVs) and extended-range electric vehicles (EREVs) to navigate the current market challenges. The South Korean automaker presented its updated mid-to-long-term strategy, dubbed Hyundai Way, during its 2024 CEO Investor Day on [...]
SEOUL, Aug. 30 (Korea Bizwire) – LG Chem has unveiled its new Customer Solution Center in Ravenna, Ohio, marking a significant expansion of its North American operations. The company announced on August 29 that the facility is now fully operational and ready to provide comprehensive technical support to its clients and partners in the region. The [...]
SEOUL, Aug. 30 (Korea Bizwire) – Jeep, the American brand renowned for its rugged off-road vehicles, is preparing to launch its first all-electric SUV, the Avenger, in South Korea next month. This move marks a significant step in the brand’s electrification journey and its expansion in the Asian market. The compact electric SUV, which has garnered [...]
SEOUL, Aug. 29 (Korea Bizwire) – In a bold move to redefine luxury retail, Shinsegae Department Store has opened its most ambitious VIP facility to date. The Personal Shopper Room (PSR), a lavish 3,627-square-foot space, made its debut on August 28 at the House of Shinsegae in the upscale Gangnam district of Seoul. This exclusive sanctuary [...]
SEOUL, Aug. 29 (Korea Bizwire) – Samsung Electronics announced on August 28 that it will showcase an artificial intelligence-enhanced version of its Samsung Food Service at IFA 2024, Europe’s largest consumer electronics and IT exhibition, scheduled for September 6-10 in Berlin, Germany. Samsung Food, initially introduced at IFA 2023, is a mobile app service that functions [...]
SUWON, South Korea, Aug. 29 (Korea Biziwre) — A court issued a warrant to arrest the chief executive of lithium battery maker Aricell in connection with June’s deadly fire that claimed 23 lives, marking the first such case since the law penalizing employers for serious industrial accidents came into force two years ago. The Suwon [...]
SEOUL, Aug. 29 (Korea Bizwire) — The inaugural flight of South Korean low-cost carrier (LCC) T’way Air from Paris to Incheon was canceled due to a technical problem of the aircraft, industry sources said Thursday. Flight TW402, which was scheduled to depart from Paris to Incheon at 8:30 p.m. local time on Wednesday, was canceled [...]
SEOUL, Aug. 29 (Korea Bizwire) – Baemin, South Korea’s leading food delivery application, has unveiled new insights into consumer behavior, highlighting a growing focus on cost-saving measures and personalized dining experiences. Woowa Brothers, the company behind Baemin, announced on August 28 that 7 out of 10 users now utilize the app’s search filter to find restaurants [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean government has announced plans to grant private sector access to biodata held by public research institutions starting next year, in a move to bolster the country’s public biodata platform. The Ministry of Science and ICT disclosed this initiative on August 28 following the third regular meeting of [...]
SEOUL, Aug. 28 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Wednesday it plans to achieve an annual sales volume of 5.55 million vehicles in 2030. Hyundai Motor said the sales target represents a more than 30 percent increase compared to its annual sales figure for 2023. To this end, Hyundai Motor [...]