SEJONG, Jan. 16 (Korea Bizwire) — South Korea’s antitrust watchdog said Wednesday that it has fined Nissan Korea 900 million won (US$804,000) for inflating gas mileage figures for its Infiniti Q50 2.2d sedans. The Japanese car’s fuel efficiency reaches 14.6 kilometers per liter, but the local unit of the Japanese carmaker overstated the fuel efficiency [...]
SEOUL, April 12 (Korea Bizwire) – As part of Hyundai Motor’s ‘design management’ initiatives, the automaker recently welcomed masters of supercar design to its Korean offices. According to industry sources, supercar designers including Professor Peter Stevens of the Royal College of Art, Lowie Vermeersch of Italy’s Granstudio, and automobile designer Simon Cox spoke at the [...]
SEOUL, Sep. 30 (Korea Bizwire) — The regional investigation unit within the Seoul Metropolitan Police Agency said on September 29 that its investigators arrested a group of suspects implicated in a series of insurance scams, with 77 others booked without detention. According to the police agency, the perpetrators took a total of 600 million won (US$569,000) in 25 [...]
SEOUL, July 2 (Korea Bizwire) – Hyundai Motor was ranked No. 1 in a customer satisfaction survey conducted in the world’s largest automobile market China. The company said on July 1 that its Chinese unit Beijing Hyundai grabbed the top spot in the 2014 Chinese Sales Satisfaction Survey conducted by American market research firm JD Power. This [...]
BUSAN, May 27 (Korea Bizwire) - Starting with Press Day on May 29, and the Opening Ceremony on May 30, the 2014 Busan International Motor Show (BIMOS 2014) will be at BEXCO in Busan for 11 days through June 8. The auto show, which first convened as the inaugural exhibition for BEXCO in 2001, is [...]