SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SUWON, Jun. 3 (Korea Bizwire) — Major companies in Gyeonggido are trying to block any spread of the MERS virus by allowing some employees to work at home, and sending others to quarantine. Groundless rumors are also spreading on workers’ SNS, adding more pressure for companies to act upon workers known to have been in direct [...]
SEOUL, May 28 (Korea Bizwire) — Kia Motors unveiled a wireless cell-phone charging system in its new K5, which is the first of its kind in Korea, on May 27. Drivers can simply put their cell-phone on a center console tray to charge it. The charging system is an optional item. The exterior of K5 [...]
SEOUL, May 15 (Korea Bizwire) — Kia Motors is unfolding a new CSR project to improve the health of Chinese children in remote, rural areas, by remodeling kitchens and cafeterias at schools in these areas. On May 14, the company held an opening ceremony at Dazhangzi Elementary School in the city of Chengde, Hebei, whose [...]
SEOUL, May 14 (Korea Bizwire) — Kia Motors, the second largest auto maker in Korea, plans to directly hire 465 dispatched workers on its assembly lines by 2016. After a special negotiation between Kia, in-house partner companies and the Kia trade union on May 12, Kia Motors announced that it will directly employ 200 workers [...]
SEOUL, May 11 (Korea Bizwire) — Hyundai Motor and its smaller affiliate, Kia Motors, reclaimed the top spot in the subcompact vehicle market in the United States in April for the first time in four months, industry data showed Monday. According to Autodata, a U.S. auto research company, the two Korean automakers sold a combined 11,010 [...]
SEOUL, May 6 (Korea Bizwire) – Once, Korea’s compact car market was dubbed as “graveyard for hatchbacks.” However, as more Korean drivers are seeking hatchback-style compact cars, purchasing trends are aligning with those in Europe as buyers prioritize practicality. According to sales data from the local auto manufacturers, from January to April a total of 9,304 [...]
IRVINE, Calif., Apr. 16 (Korea Bizwire) – Kia Motors America’s (KMA) all-new 2015 Sedona has earned a spot on the Ward’s 10 Best Interiors list. The Sedona was recognized by the editors for its impressive interior style, comfort, and overall execution, including the available second-row “First-Class” lounge seating. “The all-new Sedona completes Kia’s design-led transformation under [...]
SEOUL, April 16 (Korea Bizwire) — Kia Motors‘ all-new Carnival minivan has received the highest safety rating for collision tests conducted by a U.S. highway safety agency, the company said Thursday. The Carnival minivan, also known as the Sedona in the U.S., has received the highest rating of five stars from the National Highway Traffic Safety Administration [...]
SEOUL, April 16 (Korea Bizwire) — Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday. Audi Volkswagen Korea reported to financial authorities here that its domestic sales [...]