SEOUL, Dec. 23 (Korea Bizwire) – A record number of vehicles have been recalled in South Korea this year due to manufacturing defects, according to data released by the Korea Transportation Safety Authority’s Auto Recall Center on December 22. The center reported that 5,142,988 vehicles across 1,684 models underwent recalls in 2024, tripling last year’s figure [...]
SEOUL, Dec. 16 (Korea Bizwire) – Hyundai AutoEver Corp., the information technology affiliate of Hyundai Motor Group, said Monday it has established a joint venture in Indonesia to develop navigation maps for the Southeast Asian country and many others in the region. The new firm, named Terra Link Technologies, has been jointly established with India’s [...]
SEOUL, Dec. 13 (Korea Bizwire) – Amid growing geopolitical and economic uncertainties, including escalating U.S.-China tensions and the anticipated inauguration of Donald Trump’s second term, South Korea’s major corporations are conducting high-level strategy meetings to fine-tune their business plans for 2024. Samsung Electronics to Focus on Core Competitiveness Samsung Electronics will host its biannual Global [...]
SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]
SEOUL, Dec. 3 (Korea Bizwire) – Hyundai Motor Company has solidified its position in global motorsport by achieving significant milestones in the World Rally Championship (WRC) and setting its sights on endurance racing with the Genesis luxury brand. The WRC, organized by the Fédération Internationale de l’Automobile (FIA), is one of the most demanding motorsport [...]
SEOUL, Nov. 27 (Korea Bizwire) – A second Trump administration could reshape the global automotive industry into an oligopolistic structure, with only a few dominant players surviving based on their hybrid vehicle technology, U.S. production capacity, and ability to benefit from sanctions against China, industry analysts say. Industry analysts expect traditional automakers to face a survival-of-the-fittest [...]
SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group’s chief has mentioned the possibility of collaboration with Japan’s Toyota Motor Corp. in areas involving hydrogen-powered mobility. Euisun Chung, executive chair of Hyundai Motor, said, “(Hyundai and Toyota) are discussing hydrogen and trying to collaborate well together.” Chung made the remark Sunday while meeting with reporters [...]
LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders. The venue, a masterpiece of mid-century [...]
SEOUL, Nov. 20 (Korea Bizwire) – In a groundbreaking shift that signals South Korea’s gradual departure from its traditional corporate culture, Hyundai Motor Company has named José Muñoz as its first non-Korean chief executive officer in its 57-year history, marking a significant milestone for one of the country’s most prestigious companies. The appointment of Muñoz, who [...]
WASHINGTON, Nov. 11 (Korea Bizwire) — A robot dog, made by a subsidiary of South Korea’s Hyundai Motor Group, has been deployed to beef up security at U.S. President-elect Donald Trump’s property in Florida, according to a news report. Made by Boston Dynamics, the remote controlled, four-legged robot was seen patrolling the sprawling Mar-a-Lago estate [...]