SEOUL, Nov. 14 (Korea Bizwire) – South Korean automobiles will go on sale via TV home shopping networks starting in 2018 under a revised regulation, the government announced Monday. The nation’s four major home shopping channels — CJ, Hyundai, GS and Woori — will be allowed to deal in not just foreign and used cars [...]
SEJONG, Oct. 26 (Korea Bizwire) – South Korea’s passenger car exports slumped 17.4 percent in the third quarter of 2016 from a year earlier due mainly to contracted world demand and partial strikes at local carmakers, customs data showed Wednesday. The total value of exported vehicles reached US$7.23 billion in the July-September period, down from [...]
SEOUL, July 14 (Korea Bizwire) – South Korea’s diesel consumption hit a monthly record in May, state statistics showed Thursday, an indication that diesel-powered cars are still dominant over electric and hybrid vehicles. According to an informational website operated by state-run Korea National Oil Corp. (KNOC), South Korea consumed a record 14.31 million barrels of [...]
SEOUL, June 21 (Korea Bizwire) – The number of registered passenger vehicles in South Korea is expected to top 20 million this month, heralding the advent of the “one household with two cars” era, data showed Tuesday. The number of registered passenger cars here came to 19,964,178 as of the end of May, according to [...]
SEOUL, May 20 (Korea Bizwire) – Volkswagen AG, the German automaker, recently initiated a set of compensatory measures in the U.S. and Japan for customers whose vehicles provided manipulated, erroneous emissions data. South Korean customers, however, seem to be left out of said measures, industry sources said on Friday. According to the Korea Automobile Manufacturers’ Association [...]
SEOUL, Jan.25 (Korea Bizwire) – The Korean Trade Promotion Corporation (KOTRA) announced that it published a report on ‘99 Innovative Products of the World’, which introduces innovative products produced by various small and medium-sized companies all over the world. One of the most noticeable products is ‘Strati’, a 3D-printed electric car, which will be manufactured [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw sales in Europe grow in October, driven by strong demand for sport utility vehicles, industry data showed Tuesday. According to data by a local automotive association, Hyundai Motor sold 37,967 cars in Europe last month, up 4.4 percent [...]
DAEJEON, Aug. 24 (Korea Bizwire) – Recreational vehicles, known as ‘camping cars’ in Korea, are gaining popularity during the vacation season as they offer the practical combination of a means of transportation, accommodation and cooking/dining space. As a result, patent applications related to camping are increasing rapidly. Most of the applications are related to the [...]
IRVINE, Calif., Dec. 13, 2013 (Korea Bizwire) – Kia Motors America’s (KMA) 2014 Forte has been named the Best New Compact Sedan of 2014 by Cars.com, putting Kia’s European-inspired sedan in contention for the respected website’s Best of 2014 award. Cars.com editors picked six cars to compete for the annual award, and the Forte topped [...]