SEOUL, Jul. 14 (Korea Bizwire) — Japanese automakers are expanding their presence in South Korea, industry data showed Sunday, as the popularity of their hybrid models is rising in the imported car market. According to data from the Korea Automobile Importers & Distributors Association (KAIDA) and automakers, Japanese auto brands took a 21.5 percent share [...]
SEOUL, Oct. 27 (Korea Bizwire) – Hyundai Motor Group affiliate Kia Motors is making rapid inroads in global automotive markets, introducing localized models, and broadening its eco-friendly product lines. The company announced on Thursday a 20.8 percent on-year increase in net profit for Q3. According to Vice President Han Cheon-su, by 2018 Kia will launch [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea’s market for environmentally friendly cars expanded at a rapid pace in the first half of 2016, also overtaking that of Germany, the largest producer of green vehicles in Europe, industry data showed Monday. In the first six months of the year, South Korea-based manufacturers of environmentally friendly [...]
SEOUL, Feb. 12 (Korea Bizwire) – Kia Motors unveiled its first hybrid subcompact sports utility vehicle “Niro” at the Chicago Auto Show on Thursday, the company said. The Niro is the first South Korean-made “green” SUV. Its name was coined by combining the words “near zero” emissions and “hero.” Niro’s concept was first presented at [...]
SEOUL, Jan. 27 (Korea Bizwire) – Competition is expected to intensify in the South Korean hybrid vehicle market as two global automakers are set to clash with their new subcompact models that are already drawing favorable responses from customers, market watchers said Wednesday. With Hyundai Motor Co. and Toyota Motor Corp. claiming to guarantee better [...]
HWASEONG, Jan. 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, unveiled its first dedicated green car model on Thursday, targeting to take over market leader Prius. The Ioniq hybrid, scheduled to be officially launched in mid-January, was disclosed to media early in the day during a preview event held at its Namyang [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top carmaker, Hyundai Motor Co., and its sister affiliate, Kia Motors Corp., saw sales of their hybrids grow nearly tenfold over the past six years, data showed Monday, as the firms continue to churn out various eco-friendly options for buyers. The two automakers sold a combined 62,648 [...]
SEOUL, Korea, April 7 (Korea Bizwire) – Imported wheels are selling like hot cakes in Korea. Last month, the monthly sales of foreign cars have exceeded 15,000 breaking the record of 14,953 in July 2013. According to the Korea Automobile Importers and Distributors Association, 15,733 foreign cars were registered in March which has increased 30.4 [...]
SEOUL, Korea, Feb 23 (Korea Bizwire) – More and more car buyers are weighing whether to go for a diesel or hybrid model instead of an usual gasoline-fueled car. This trend is further encouraged by the government that is stepping up regulations on fuel efficiency. Then what would be the better choice between diesel and [...]