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Auto Sales Rise 41 pct on Robust Overseas Demand

Auto Sales Rise 41 pct on Robust Overseas Demand

SEOUL, June 1 (Korea Bizwire) — South Korean carmakers’ sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVID-19 pandemic and a lower base effect, industry data showed Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung [...]

Roles of Carmakers, Auto Insurers Converge in Self-driving Era: Study

Roles of Carmakers, Auto Insurers Converge in Self-driving Era: Study

SEOUL, May 4 (Korea Bizwire) — The trend of convergence in the roles of carmakers and auto insurers is forecast to accelerate as self-driving technologies continue to become more sophisticated, a report showed Monday. A growing number of carmakers are providing car insurance services by themselves or establishing joint ventures with insurance companies to develop [...]