SEOUL, May 12 (Korea Bizwire) — Hyundai Motor Co. is set to carve a dominant niche in the thriving Indian auto market. The automaker announced on Thursday that it had signed a memorandum of understanding (MOU) with the Tamil Nadu State Government to inject 200 billion rupees (US$2.43 billion) into the country’s economy over the [...]
SEOUL, May 12 (Korea Bizwire) — South Korean logistics giant CJ Logistics Corp. is making a foray into the Middle East market by establishing a distribution center in Saudi Arabia, targeting cross-border e-commerce demand. The company said Thursday it had signed an agreement with Saudi’s General Authority of Civil Aviation to establish a global distribution [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor Co. has partnered with relevant authorities to promote carbon reduction and respond to climate change through the restoration of marine ecosystems. The carmaker said Wednesday it has signed a memorandum of understanding (MOU) with the Ministry of Oceans and Fisheries and the Korea Fisheries Resources Agency to [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s two electronics giants, Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the local market as the global personal computer (PC) market is mired in a slump. In the laptop category, which is one of the main drivers of the PC market, Samsung and [...]
SEOUL, May 8 (Korea Bizwire) — Toyota Korea is opening pre-orders on May 8 for its flagship Crown model, with an official launch date of June 5. The Crown is Toyota’s first mass-produced model, introduced in 1955, and has been released until the 16th generation last year. It is a crossover model that combines a [...]
SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Group’s sport utility vehicles (SUV) are driving sales in the United States, the “home of SUVs,” and are receiving high praise from both customers and automotive publications. Hyundai Motor Co. and its affiliate Kia Corp. sold 381,606 SUVs in the U.S. market from January to April, up 18.6 [...]
BOEUN, May 8 (Korea Bizwire) — The Songnisan (Mount Songni) Office of the National Park Service in South Korea is launching a major operation to eliminate largemouth bass from a reservoir in the park, as the non-native fish species has displaced native fish and the population is rapidly flourishing. The park has been trying to [...]
SEOUL, May 7 (Korea Bizwire) — Cadillac Korea announced on Sunday that it will launch LYRIQ, the brand’s inaugural all-electric vehicle, in the second half of this year. The LYRIQ is a pioneering model in General Motors’ (GM) electrification strategy, serving as the first vehicle built on GM’s cutting-edge ULTIUM electric vehicle platform. Featuring a [...]
SEOUL, May 7 (Korea Bizwire) — The Han River Space Out Competition, now in its sixth edition, is set to take place on June 21 at Jamsu Bridge, which recently hosted a Louis Vuitton fashion show, as announced by the Seoul Metropolitan Government on Sunday. The contest, which aims to challenge the notion that being [...]
SEOUL, May 7 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong has recently met with leaders of global pharmaceutical companies in the United States, the company said Sunday, in line with its efforts to find new growth engines beyond semiconductors. Lee held the series of meetings with CEOs from five major companies: Joaquin Duato [...]