SEOUL, Aug. 25 (Korea Bizwire) – The Office of Postal Service of Korea (Korea Post) announced that it will release two special postage stamps featuring Lee Byung-chul of Samsung and Chung Ju-young of Hyundai on August 26. Korea Post selected the two late founders of Korean conglomerates among 12 candidates after deliberation by a postage stamp issuance committee [...]
ULSAN, July 30 (Korea Bizwire)-The Ulsan branch of Hyundai Motor Company will start a free wedding car rental event for brides and grooms. They will be renting the Aslan, a luxury sedan released in October last year. Hyundai says that even though the event lasts until October, calls from couples are flooding in. Park Ah-ram, [...]
SEOUL, May 19 (Korea Bizwire) — Hyundai Motor took special measures to boost sales of Aslan, its ailing large sedan, by reducing the price of the lowest trim level by almost 1 million won, as the car has fallen far short of expectations. The world’s fifth largest automaker announced on May 17 that it would [...]
SEOUL, Apr. 29 (Korea Bizwire) – Hyundai Motor Co.’s Genesis and Solaris have received Car of the Year awards in the premium and subcompact segments, respectively, in Russia, industry sources said Wednesday. According to the sources, Kia Motors Corp.’s Cee’d also received the award for 2015 as a compact vehicle in Russia. In particular, the [...]
SEOUL, Apr. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) market is anticipated to expand more than fivefold by next year on the back of government subsidies to boost sales of the eco-friendly cars, ministry officials said Tuesday. As of the end of last year, the number of registered battery-powered cars in the country [...]
SEOUL, Mar. 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top carmaker, is considering setting up a second plant in the United States in an effort to up its production of full-size vehicles in line with rising demand in the world’s No. 1 economy, industry sources said Wednesday. The new factory, which would be [...]
FOUNTAIN VALLEY, Calif., Mar. 4 (Korea Bizwire) — Today Hyundai owners no longer need to fish out a phone from a pocket or purse to remote start, lock or unlock their car using Blue Link™. They also won’t need to look down at a phone to find their car in a crowded parking lot if [...]
SEOUL, Feb. 27 (Korea Bizwire) — Hyundai Motor Co.’s Accent topped the subcompact car market in China in terms of sales last month, reflecting its growing appeal among local customers keen on quality and affordability, industry data showed Friday. Hyundai Motor sold a total of 26,515 units of the Accent last month in China in [...]
SEOUL, Feb. 10 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are facing growing challenges in emerging markets with their sales either shrinking or slowing in growth, industry data indicated Tuesday. According to data from the Korea Automotive Research Institute and other industry groups, Hyundai and Kia, South Korea’s No. [...]
SEOUL, Feb. 4 (Korea Bizwire) – Sales of Volkswagen Group’s Golf hatchback outstripped that of Hyundai Motor Co.’s i30 compact last year, data showed Wednesday, the first time that a foreign brand has done better than a local automaker in a particular segment. Volkswagen sold 7,238 units of the Golf in South Korea for the [...]