SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s top automotive group Hyundai Motor Group will work to expand its presence in the Chinese market with its overall production capacity there expected to reach 2.7 million vehicles per year in 2018, the automaker said Tuesday. The plan was announced at a ceremony, marking the construction of [...]
SEOUL, Oct. 5 (Korea Bizwire) – Samsung Electronics Co., the world’s largest maker of smartphones, said Wednesday its global brand value exceeded US$50 billion this year, citing an annual survey of brand management firm Interbrand. This year, Samsung was again ranked as the seventh-most-valuable global brand with a value of $51.8 billion, up 14 percent [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea’s market for environmentally friendly cars expanded at a rapid pace in the first half of 2016, also overtaking that of Germany, the largest producer of green vehicles in Europe, industry data showed Monday. In the first six months of the year, South Korea-based manufacturers of environmentally friendly [...]
SEJONG, Sept. 13 (Korea Bizwire) – South Korea’s car exports shrank to a seven-year low in August due mainly to contracted global demand and partial strikes at local carmakers, the government said Tuesday. Outbound shipments of vehicles came to 142,987 units last month, down 18.6 percent from 175,610 units tallied a year earlier, according to [...]
SEOUL, Sept. 9 (Korea Bizwire) – Kia’s latest autonomous EV made a surprise appearance at a KBO baseball match between the Kia Tigers and NC Dinos on Thursday. The Kia Soul EV drove into stadium from the left gate by the outfield with Korean actress and singer Lee Hae-in, who threw the ceremonial first pitch, [...]
SEOUL, Sept. 5 (Korea Bizwire) – The chief of South Korea’s top automaker Hyundai Motor Group on Monday called for stepped-up efforts to develop new luxury and environmentally friendly cars to meet future demands, saying the future is already here. Group Chairman Chung Mong-koo also stressed the importance of the U.S. market as he headed [...]
SEOUL, Aug. 18 (Korea Bizwire) – Three vehicle models produced by South Korea’s top automaker Hyundai Motor Co. and its affiliate Kia Motors Corp. took the top three spots in terms of best-selling cars in Israel in the first half of the year, also making their manufacturers the two most preferred brands in the Middle [...]
SEOUL, July 27 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, said Wednesday that its second-quarter net income surged over 10 percent from a year earlier on a large increase in sales. Net profit came to 825.7 billion won (US$727 million) in the April-June period, up 10.6 percent from the same period [...]
SEOUL, July 25 (Korea Bizwire) – According to Hyundai Motor, 48 percent of the customers who purchased its eco-friendly hybrid models – Ioniq, Sonata and Grandeur (Azera) – between January and May chose white-colored vehicles, indicating that white is the most popular color for eco-friendly cars. The Ioniq Hybrid showed the highest percentage with 66 [...]
SEOUL, June 20 (Korea Bizwire) – South Korea’s top automotive group Hyundai Motor Group is beginning to offer Apple’s CarPlay system in its vehicles sold here, market observers said Sunday. Hyundai Motor Co., the bigger of the two automakers that make up the world’s fifth-largest automotive group, began incorporating CarPlay into the infotainment system of [...]