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Hyundai Mobis to Open Proving Ground to Test Parts, Technology

Hyundai Mobis to Open Proving Ground to Test Parts, Technology

SEOUL, May 16 (Korea Bizwire) – Hyundai Mobis Co., an auto parts affiliate of Hyundai Motor Group, said Tuesday it will open its first domestic proving ground starting in June to test auto parts and related technologies.  The country’s biggest auto parts maker by sales invested about 300 billion won (US$268 million) in the past [...]

Global Auto-Parts Makers to Promote Products at Seoul Motor Show

Global Auto-Parts Makers to Promote Products at Seoul Motor Show

SEOUL, March 29 (Korea Bizwire) – Global auto parts companies will participate in the Seoul Motor Show to promote their products and expand business ties with their South Korean counterparts, the exhibition’s organizing committee said Wednesday.  Auto parts makers from Germany, Mexico, Columbia, Israel and the Czech Republic will join the biennial motor show in [...]

Local Auto Parts Manufacturers Boosting Foreign Investment

Local Auto Parts Manufacturers Boosting Foreign Investment

SEOUL, Dec. 6 (Korea Bizwire) – Korean auto parts makers are growing more active overseas, backed by factors ranging from personnel costs to the possible global protectionism that may be triggered by U.S. president-elect Donald Trump in line with his election pledges.  Castec Korea, a manufacturer of automobile components that supplies parts to global automakers [...]

Replacement Parts for Foreign Vehicles to Lower Financial Burden among Korean Drivers

Replacement Parts for Foreign Vehicles to Lower Financial Burden among Korean Drivers

SEOUL, July 9 (Korea Bizwire) — Auto parts produced by a Taiwanese firm will likely be approved to be used for imported vehicles here, a local auto parts association said Thursday, raising hopes that customers could have their cost burden eased in maintaining expensive foreign vehicles. The Korea Automobile Parts Association (KAPA) said that it [...]

LG Electronics to Transform Itself as Leading Auto Parts Supplier

LG Electronics to Transform Itself as Leading Auto Parts Supplier

SEOUL, July 25 (Korea Bizwire) – LG Electronics, South Korea’s tech giant and Samsung’s arch rival for both the local and overseas markets, plans to enter next “big thing” in the global automotive market: auto parts business. LG will make an announcement at the upcoming International Consumer Electronics Show (CES)  in next January to this end. The consumer electronics brand [...]