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Hyundai Motor Chairman Urges Development of Luxury, Clean Vehicles

Hyundai Motor Chairman Urges Development of Luxury, Clean Vehicles

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 [...]

Hyundai Motor Launches EQ900 Flagship Model Targeting Global Market

Hyundai Motor Launches EQ900 Flagship Model Targeting Global Market

SEOUL, Dec. 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest carmaker, launched the EQ900 flagship sedan Wednesday, targeting the global luxury vehicle market mostly dominated by German brands. The EQ900 is the first model unveiled under the name of Genesis, which Hyundai Motor recently launched as an independent luxury brand. “The EQ900 is [...]

Import Car Purchases Rising Quickly at the Expense of New Homes

Import Car Purchases Rising Quickly at the Expense of New Homes

SEOUL, South Korea, Sept 30 (Korea Bizwire) – The number of import cars on Korea’s roads is quickly on the rise. According to the Ministry of Land, Infrastructure, and Transportation, as many as 585,218 import cars have been registered with motor vehicle agencies in Korea for the eight-month period between January and August. This is more [...]