SEOUL, July 17 (Korea Bizwire) – South Korea’s car exports soared nearly 50 percent on-year in the first half of the year to reach an all-time high, driven by solid demand for eco-friendly cars, the industry ministry said Monday. The value of outbound shipments of automobiles came to US$35.7 billion during the first six months [...]
SEOUL, June 26 (Korea Bizwire) — A majority of South Korean adults consider cars to be an essential commodity, a survey showed Sunday. Embrain Trend Monitor conducted a survey of 1,000 adults aged 19 to 59 who hold driver’s licenses across the country. Among the respondents, 84.4 percent indicated that cars are essential in today’s [...]
SEOUL, April 24 (Korea Bizwire) — The pandemic has boosted the consumption of video content such as films and TV series, and the cars that appear in these videos are gaining popularity. Netflix’s new Korean crime action series “Kill Boksoon” is notable for featuring the main character’s Mercedes-Benz G-Class. The four-wheel-drive vehicle is unique for [...]
SEOUL, Dec. 28 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport has announced a plan to upgrade a local lemon law including the introduction of a performance analysis-based arbitration system. The Korean lemon law went into effect on Jan. 1, 2019, to enhance customers’ convenience, though it is not obligatory for companies to [...]
SEOUL, Dec. 2 (Korea Bizwire) — The waiting time for the delivery of domestically-made vehicles has dropped significantly thanks to the gradual easing of the chip shortage that disrupted carmakers starting last year. According to Yonhap News Agency’s analysis on Hyundai Motor Co. and its independent Genesis brand’s table of expected delivery time by model, [...]
SEOUL, Oct. 31 (Korea Bizwire) — In the midst of a slight increase in the nation’s cumulative car registrations in the third quarter of this year, the number of new registrations of compact cars and eco-friendly cars took an upturn, data showed Sunday. The nation’s cumulative car registrations stood at 25,356,000 in the third quarter [...]
SEOUL, Oct. 7 (Korea Bizwire) — Despite an improving supply of semiconductors, delivery delays for new automobiles are now worse than they were last year. Getcha, an online car sales platform, said deliveries of Hyundai Motor Co.’s Avante Grandeur sedans had been delayed by 10 months and seven months, respectively. In October of last year, [...]
SEOUL, Sept. 14 (Korea Bizwire) — Global automakers are identifying their eco-friendliness with distinguished colors, with blue and red enjoying growing popularity, Hyundai Motor Group said Tuesday. Blue is a color representing environmental friendliness, while red is associated with copper, the core component of electric vehicles. According to a report released by a global chemical [...]
SEOUL, Sept. 6 (Korea Bizwire) — Top domestic and imported automakers Hyundai Motor and Mercedes-Benz may give way to other competitors in sales performance this year. A total of 37,371 units of automobiles from Kia Corp. were newly registered last month, surpassing Hyundai (35,993 units including those from the Genesis brand) to become the top [...]
SEOUL, Aug. 11 (Korea Bizwire) — The torrential rain that drenched the greater Seoul area resulted in thousands of cars being submerged, putting general insurance companies on alert. A record-breaking downpour that swept through Seoul, Gyeonggi Province and Incheon last Monday resulted in 12 general insurance companies receiving 9,189 reports of submerged cars as of [...]