SEJONG, June 17 (Korea Bizwire) – Upgrades have come to Korea’s express buses for the first time in 24 years. The last time Korea implemented a premium express bus service was in 1992, when vehicles with widened and more comfortable seats were introduced. This luxury upgrade, however, takes things to a whole new level. First, [...]
SEOUL, June 10 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, has been named as the popular brand with the highest satisfaction in the U.S., according to an automotive research company Friday. Kia, affiliated with South Korea’s largest automaker Hyundai Motor Co., was recognized as the most satisfying popular brand by U.S.-based [...]
BUSAN, June 2 (Korea Bizwire) – The 2016 Busan International Motor Show took off Thursday at the BEXCO exhibition hall in Busan. The show, which will run until June 11, has 91 domestic and 141 international models on display. A total of 46 of the models will be revealed for the first time to the domestic [...]
SEOUL, May 31 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-largest automaker, posted record sales in Latin America this year, whose growth surpassed that of the Middle East and Eastern Europe, which are grappling with the economic slowdown, its report showed Tuesday. A total of 57,495 Kia cars were sold in Central and South [...]
SEOUL, May 20 (Korea Bizwire) – Hyundai Motor Group was warned by Korea’s Fair Trade Commission (FTC) on Thursday for missing the deadline for selling off its cross shareholdings. Hyundai and Kia acquired 8.81 million new shares after merging two of their subsidiary companies, Hyundai Steel and Hyundai Hysco, in July 2015. The additional shares [...]
SEOUL, April 28 (Korea Bizwire) – Domestic sales of hybrid vehicles in South Korea increased in the first quarter from a year earlier despite unfavorable market conditions caused by the prolonged weakness in energy prices, industry data showed Thursday. Carmakers operating factories in South Korea sold a combined 8,117 hybrid electric vehicles here during the [...]
SEOUL, March 8 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have spent about 20 billion won (US$16.7 million) to offer tax refunds to their customers who bought vehicles in January following the government’s decision to extend a tax reduction on car purchases, industry sources said Tuesday. The Seoul government lowered the [...]
SEOUL, March 3 (Korea Bizwire) – Hyundai Motor Co. and Kia Motors Corp. — South Korea’s two major automakers — are showcasing major sport utility vehicle models at a motor show in Geneva in a bid to strengthen their presence in what is deemed to be one of just a few growing markets this year, [...]
SEOUL, March 2 (Yonhap) – South Korea’s two largest automakersshowcased their first ever dedicated green cars at the GenevaInternational Motor Show on Tuesday as they strive to make inroads into the European market. Hyundai Motor Co. showed off all three powertrain versions of its IONIQ, while its corporate cousin Kia Motors Corp. drew attention with its Niro gasoline-electric crossover. The conventional hybrid IONIQ that was first unveiled in Seoul has been [...]
SEOUL, Feb. 12 (Korea Bizwire) – Kia Motors unveiled its first hybrid subcompact sports utility vehicle “Niro” at the Chicago Auto Show on Thursday, the company said. The Niro is the first South Korean-made “green” SUV. Its name was coined by combining the words “near zero” emissions and “hero.” Niro’s concept was first presented at [...]