CHANGWON, Aug. 27 (Korea Bizwire) — The government of South Gyeongsang Province announced on Saturday that it will be using remote sensing devices (RSD) to verify vehicle emissions in an effort to help improve air quality in the province as public concern over air pollution continues to grow. With the help of the Korea Environment [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Company and its labor union remain locked in a stalemate with the domestic automotive industry in the midst of one of its most critical moments in recent history. In what has become something of a yearly tradition, one of the chief sticking points in the talks is the [...]
SEOUL, May 31 (Korea Bizwire) – South Korea’s auto production in the first quarter fell to the lowest level in seven years for the three-month period, data showed Thursday, further threatening its status as a leading car manufacturer. South Korea produced close to 1.05 million vehicles from January through March, down 2.8 percent from the [...]
SEOUL, May 30 (Korea Bizwire) – South Korean imports of commercial vehicles jumped more than 19 percent on-year in the first four months of the year despite an overall tumble in inbound auto shipments, data showed Tuesday. Imports of trucks, buses and special vehicles came to 3,284 units in the January-April period, up 19.1 percent [...]
BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday. The North imported US$75.04 million worth of LCD TVs from [...]
SEOUL, May 16 (Korea Bizwire) – Rolls-Royce Motor Cars unveiled on Monday two custom-made, South Korea-themed models, celebrating the past 13 years of its operation on the peninsula. Introducing the cars at the British Embassy in Seoul, the Bespoke Collection for Korea was inspired by two South Korean cities – Seoul and Busan – incorporating [...]
SEOUL, May 2 (Korea Bizwire) – Sales numbers of vehicles produced overseas and sold here by local manufacturers shrank greatly in the first quarter of the year from a year earlier, data showed Thursday, apparently due to advances by local competitors. Sales of the so-called OEM cars came to 3,171 units in the January-March period, [...]
SEOUL, April 26 (Korea Bizwire) – South Korea is not likely to regain its status as the world’s fifth-largest automaker, as India has been increasing the production of vehicles at a rapid pace, an industry report said Wednesday. South Korea was the fifth-largest producer for 11 years from 2005 until 2015 before slipping to the [...]
SEOUL, April 24 (Korea Bizwire) – An increasing number of people have junked their cars this year, statistics showed Monday, apparently to take advantage of a government-backed trade-in program for old diesel-powered vehicles. A tally from the Ministry of Land, Infrastructure and Transport said 210,705 cars were scrapped in the January-March period this year, up [...]
SEOUL, April 11 (Korea Bizwire) – Auto sales in South Korea rose to the highest in 14 years in the first quarter of the year, aided by solid demand for new models, industry data showed Tuesday. Data from the Korea Automobile Manufacturers Association (KAMA) showed that the country’s five automakers and two commercial vehicle manufacturers [...]