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 [...]
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 [...]