automotive Archives | Be Korea-savvy
Samsung and LG See Robust Growth in Automotive Electronics Despite EV Market Slowdown

Samsung and LG See Robust Growth in Automotive Electronics Despite EV Market Slowdown

SEOUL, Aug. 2 (Korea Bizwire) – In a promising turn for South Korea’s tech industry, the automotive electronics sector is emerging as a steady performer, even as the broader consumer electronics and semiconductor markets show signs of recovery.  Samsung Electronics and LG Electronics, two of the country’s largest conglomerates, have seen their automotive divisions transform from hidden [...]

Major Business Groups Expand Transportation Holdings: Acquisitions, Ventures, and Notable Shifts Unveiled

Major Business Groups Expand Transportation Holdings: Acquisitions, Ventures, and Notable Shifts Unveiled

SEJONG, Nov. 10 (Korea Bizwire) – Over the past three months, large business groups boasting assets exceeding 5 trillion won have expanded their influence in the automotive and transportation sectors. The Korea Fair Trade Commission recently unveiled the “Status of Changes in Companies Belonging to Large Business Groups (August-October),” revealing that as of November 1, the [...]

Automobile, Retail Industries Look for Synergy Through Cooperation in Car Sales

Automobile, Retail Industries Look for Synergy Through Cooperation in Car Sales

SEOUL, April 11 (Korea Bizwire) — Automotive sales channels that have been limited to offline dealers are now expanding towards retail industries, including large discount stores and online malls, amid a shift in the automotive retail paradigm. Large discount store chains E-Mart Inc. and Homeplus Co. each set up a showroom for Hyundai Motor Co.’s [...]

Samsung Electro-Mechanics Develops New Automotive MLCCs

Samsung Electro-Mechanics Develops New Automotive MLCCs

SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, on Thursday said it has developed two types of automotive multi-layer ceramic capacitors (MLCCs) that can be used for the advanced drive assist system (ADAS) as the company targets the future mobility market. Samsung Electro-Mechanics unveiled the 0603-size [...]

S. Korean Carmakers Bet Big on SUVs after Weak 2018 Results

S. Korean Carmakers Bet Big on SUVs after Weak 2018 Results

SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s three listed carmakers are betting big on sport-utility vehicles (SUVs) to bolster sales in 2019 after posting lower-than-expected earnings results last year.  With ongoing trade friction between the United States and China and the global economy slowing down, Hyundai Motor Co., Kia Motors Corp. and SsangYong Motor [...]

Gov’t to Ease Regulations on Autonomous, Hydrogen Cars

Gov’t to Ease Regulations on Autonomous, Hydrogen Cars

SEOUL, Jan. 25 (Korea Bizwire) — South Korea will “significantly” ease regulations involving autonomous and hydrogen vehicles as part of its broad emission-control policies, the transport ministry said Friday.  In a meeting with auto industry associations and car manufacturers, officials from the Ministry of Land, Infrastructure and Transport said the government will further ease regulations [...]