SEOUL, Jan. 13 (Korea Bizwire) — Labor disputes are still posing a major hurdle for some of the country’s carmakers as they have yet to finish wage deals for the year of 2019 amid a still murky outlook, industry sources said Monday. Of the country’s five carmakers, Hyundai Motor Co. and SsangYong Motor Co. sealed [...]
SEOUL, Jan. 9 (Korea Bizwire) — Sales of sport utility vehicle models in South Korea hit a record high last year as carmakers strengthened their SUV lineups to meet rising demand for recreational vehicles, industry data showed Thursday. For the whole of 2019, the country’s five automakers, including Hyundai Motor Co. and Kia Motors Corp., [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s passenger vehicle sales fell 3.8 percent last year as an economic slowdown weighed on demand for their models at home and abroad, industry data showed Thursday. For all of 2019, the five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. [...]
GWANGJU, Sept. 19 (Korea Bizwire) — South Korean researchers have developed a robotic arm that can automatically finish molding processes, which are usually completed manually. A research team from the Gwangju Institute of Science and Technology (GIST) said Wednesday that it has succeeded in increasing the joint rigidity of robots with a special design. In [...]
SEOUL, Jul. 10 (Korea Bizwire) — Two carmakers and one two-wheeler importer will voluntarily recall over 800 vehicles due to faulty components, the transport ministry said Wednesday. This is the latest in a series of recall plans for local and overseas carmakers and importers of foreign vehicles. General Motors Co., Ford Motor Co. and Yamaha [...]
SEOUL, Jun. 17 (Korea Bizwire) — Four out of 10 vehicles sold in South Korea from January to May were sport utility vehicles, reflecting growing demand for recreational vehicles, industry sales data showed Monday. In the first five months, domestic and imported carmakers sold 612,043 vehicles, with SUVs accounting for 42 percent, according to data [...]
SEOUL, Apr. 2 (Korea Bizwire) — South Korean carmakers are looking to liquefied petroleum gas (LPG) vehicles to boost their sales after the government last month lifted restrictions on who can buy such cars, industry sources said Tuesday. In the past, LPG cars could only be used as taxis, rental cars and by people with [...]
GOYANG, Mar. 28 (Korea Bizwire) — Carmakers made a big push to promote new sport utility vehicles (SUVs) and other sellable models at the 2019 Seoul Motor Show on Thursday amid sluggish sales in South Korea and abroad. It appears natural for carmakers to focus on new SUV models as consumers around the world have [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea needs to make more efforts to foster the electric automobile industry, a state-run think tank said Sunday, claiming local companies have been losing ground in the important Chinese market. The Korea Institute for Industrial Economics and Trade (KIET) said South Korean companies need to beef up their [...]
SEOUL, Feb. 12 (Korea Bizwire) — Rising costs have become a growing source of concern for carmakers operating in South Korea, with GM Korea Co. now eyeing financial assistance from the government here, an association said Monday. Carmakers in the country generally have lower hourly vehicle production rates than rivals in Japan and the United [...]