SEOUL, April 14 (Korea Bizwire) – Hyundai Motor made a dream come true by helping a Texas girl send a loving message to her astronaut father in space. Using Delamar Dry Lake in Nevada as a huge canvas, Hyundai mobilized 11 of its Genesis luxury sedans to write “Steph ♡’s you!” over an area one and a half [...]
SEOUL, April 12 (Korea Bizwire) – Hyundai Motor Group, the world’s No. 5 auto giant, saw its U.S. sales of luxury sedans more than double on-year in the first quarter, industry data showed Sunday, setting a record-high quarterly share in the segment. The combined sales of Hyundai Motor‘s premium Genesis and Equus, and Kia Motors‘s K9 in [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s financial regulator said Thursday that Internet-only banks are expected to be launched in South Korea in 2015 as it is working on detailed measures to encourage big name IT firms like Naver and Daum Kakao to invest in the online banking industry. Under the current financial laws, a [...]
ILSAN, South Korea, April 3 (Korea Bizwire) — The Seoul Motor Show, the largest auto event in South Korea, kicked off on April 3 with about 30 local and foreign automakers competing to draw the spotlight to their latest cars and new technologies. The carmakers will display some 370 cars during the biennial event to [...]
SEOUL, April 2 (Korea Bizwire) – The wage gap between executives and ordinary workers has continued to increase dramatically in Korea, as the disparity in salaries at the top 30 listed companies reached up to 142 times last year. According to FNGuide, a financial information provider, Samsung Electronics topped the wage disparity among the 30 largest [...]
SEOUL, March 31 (Korea Bizwire) — Small to medium manufacturers’ management conditions are getting worse in Korea, even though some of the major firms they cooperate with are seeing sales increases. According to a report published by the Korea Federation of SMEs and the Korea Institute for Industrial Economics & Trade published on March 29, the [...]
SEOUL, March 30 (Korea Bizwire) – The value of land possessed by South Korea’s top 10 business groups reached an all-time high of 63.29 trillion won (US$57.18 billion) at the end of 2014, up 4 percent from a year ago, a market researcher said Monday. The value of land owned by 95 listed companies under [...]
SEOUL, March 22 (Korea Bizwire) – South Korea’s top carmaker, Hyundai Motor Co., said Sunday it plans to sell 120,000 units of the just-launched new China-only Sonata per year. “The target customers for the new Sonata in the Chinese market are mainly businesspeople in their mid-to-late 30s, and our aim is to sell an annual [...]
SEOUL, March 17 (Korea Bizwire) – Kia Motors, South Korea’s second-largest carmaker, said Tuesday that its cumulative domestic sales of passenger cars have exceeded 5 million units, a milestone achieved in more than four decades since its first passenger car hit showrooms here. Kia Motors, a smaller affiliate of market leader Hyundai Motor, said the [...]
SEOUL, March 15 (Korea Bizwire) – Sales of Hyundai Motor‘s Tucson compact SUV are expected to surpass 4 million units later this month, 11 years after it first hit the road, industry data showed Sunday. According to the data, the South Korean auto company had sold slightly over a cumulative 3.95 million units of the Tucson [...]