SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Motor Group on Friday unveiled a goal to sell over 550,000 vehicles annually in the Middle East by 2030, with the aim of acquiring a 20 percent share of the regional market. The group said in its newly announced mid- to long-term business vision for the Middle East [...]
SEOUL, Oct. 19 (Korea Bizwire) – Kia’s labor and management recently reached a preliminary agreement on wages, and it includes an unusually large compensation package. What happened is that the labor union successfully used the “employment inheritance” issue as leverage. In simpler terms, they got significant compensation in exchange for removing a clause that should have been [...]
YEOJU, South Korea, Oct. 12 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, unveiled two brand new concept electric vehicle (EV) units with the goal to commercially launch the midsize SUV and sedan models in 2024. At a 2023 Kia EV Day press event held in Yeoju, 62 kilometers southeast of Seoul, Kia revealed [...]
SEOUL, Oct. 11 (Korea Bizwire) – The labor union of Kia Corp., South Korea’s second-largest automaker, said Wednesday it will resume wage talks with the company this week, while shelving a plan to hold partial strikes. Earlier in the day, the union announced a plan to stage an eight-hour walkout Thursday and Friday, citing stalled [...]
SEOUL, Sept. 25 (Korea Bizwire) – In the Korean automotive industry, there’s a big debate about something called “employment inheritance clauses.” Recently, Hyundai Motor successfully completed five years of wage and collective bargaining discussions without any interruptions. But Kia is currently facing a tough battle in negotiations with its labor union. In this year’s wage talks, [...]
SEOUL, Sept. 21 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Thursday launched the electric version of the Ray mini car to meet a steady demand for the model. The Ray EV comes with a 35.2 kWh lithium iron phosphate (LFP) battery, and it can travel up to 233 kilometers on a single [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor and Kia Corp. announced on Tuesday the commencement of a navigation solution demonstration project, ‘Universal Mobility 2.0,’ aimed at assisting the movement of vulnerable pedestrians, including the visually impaired, in Singapore. Universal Mobility is a smart city project undertaken by Hyundai and Kia to provide a futuristic urban [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korean carmaker Kia Corp. said Sunday its all-electric EV9 SUV has been named the winner in the Luxury category of the German Car of the Year 2024 (GCOTY) Awards. Its bigger affiliate Hyundai Motor Co.’s pure electric Ioniq 6 sedan won the top spot in the New Energy [...]
SEOUL, Aug. 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, unveiled the design of the all-electric EV5 SUV on Friday, along with its plan to produce the new model at its plant in China. Kia introduced the EV5 during the media day of the 2023 Chengdu International Automobile Industry exhibition, which [...]
SEOUL, Aug. 24 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday that its global corporate social responsibility (CSR) program, the Green Light Project, has established new foundations in Zimbabwe and Mozambique, Africa, with the intention of providing support to local communities. The company held a recent completion ceremony for its [...]