SEOUL, Nov. 9 (Korea Bizwire) – Hyundai Motor Group affiliate Kia Motors launched Tuesday the second generation K2 in China, making fast inroads into the local auto market. Marketed as the Kia Rio elsewhere, the K2 is a subcompact sedan first introduced there in 2011. The new model, according to Kia, best reflects the needs [...]
SEOUL, Nov. 8 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. continue to dominate the local market despite a recent drop in their sales here as they together hold nine of the 10 best-selling cars, data showed Tuesday. The two carmakers form Hyundai Motor Group, the [...]
SEOUL, Oct. 31 (Korea Bizwire) – Hyundai Motor Group is quickly expanding its Chinese operations, and along with it, its corporate social responsibilities. According to Beijing Hyundai Motor, a joint-venture between Beijing Automotive Group and Hyundai Motor Company, the Korean auto-group was given the highest CSR development index score this year among all automakers in [...]
SEOUL, Oct. 25 (Korea Bizwire) – South Korea’s leading automaking group Hyundai Motor Group said Tuesday that executives of its 51 affiliates will have their salaries cut by 10 percent starting this month as part of efforts to tide over worsening business conditions at home and abroad. “Executives of the group’s affiliates are moving to [...]
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 [...]