SEJONG, April 26 (Korea Bizwire) — Mercedes-Benz Korea, the local importer of the luxury German car brand, is recalling nearly 2,800 vehicles sold here because of an oil leak that may lead to a fire, the transportation ministry said Sunday. Due to a defective part in 10 vehicle models, including the E220, engine oil may leak, [...]
SEOUL, March 19 (Korea Bizwire) — Supercars are selling more than ever in Seoul, and the city is rapidly becoming a new hotspot for supercar brands. Bentley sells more of its US$ 230,000 model at its Cheongdam dealership in Seoul than anywhere else in the world. For all Bentley models, Seoul ranks second in sales behind Dubai. [...]
SEOUL, March 11 (Korea Bizwire) — Mercedes-Benz is holding an exhibition of paintings created by children participating in its 2015 Mobile Kids program, an international road safety convention for elementary school children that was initiated by the company. The exhibition, featuring drawings reflective of the children’s individual dreams, will be held at the Mercedes-Benz Songpa Showroom [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hankook Tire will be a title sponsor for the 24H Series, the biggest endurance race in the world, and will be the exclusive tire supplier from 2015 to 2017, according to a company announcement on January 8. The Korean tire manufacturer will supply 17″ to 19″ racing tires to every [...]
SEOUL, Dec. 26 (Korea Bizwire) ― LG Electronics (LG) and Mercedes-Benz are jointly exploring the design of next-generation camera systems for automated driving, allowing the driver to transfer some driving tasks to the intelligent vehicle. The collaboration investigates into camera systems for environment perception as well as for driver state monitoring. As part of this [...]
SEOUL, Dec. 9 (Korea Bizwire) — A study said the prices of parts and components for import cars sold in Korea are up to 2.5 times more expensive than those sold overseas. Comparing to the parts and components of domestic cars, the price differential is often as high as seven times. Consumers Korea, in cooperation with the [...]
SEOUL, Oct. 23 (Korea Bizwire) – Samsung Electronics captivates Russian people’s heart with its cultural marketing. The Korea’s leading electronics company displayed its 105-inch curved ultra HD television on the stage of the Yasnaya Polyana Book Awards held in the Beethoven Concert Hall in the Bolshoi Theater, Moscow, on September 21. The Yasnaya Polyana Book [...]
SEOUL, Sep. 30 (Korea Bizwire) — The regional investigation unit within the Seoul Metropolitan Police Agency said on September 29 that its investigators arrested a group of suspects implicated in a series of insurance scams, with 77 others booked without detention. According to the police agency, the perpetrators took a total of 600 million won (US$569,000) in 25 [...]
SEOUL, Aug. 5 (Korea Bizwire) – The government has mandated automotive parts sellers to disclose the invoice prices of the parts including those of import cars. The Ministry of Land, Infrastructure, and Transportation said on August 3 that it revised a regulation on the automotive parts self-certification system and required the manufacturers and retailers of auto parts and components to reveal [...]
SEOUL, July 12 (Korea Bizwire) – Koreans’ infatuation with German-made cars extends well beyond new and used cars and now moves to rental cars. According to the Korea Rent-a-Car Association on July 11, most of the top-ten import car brands registered for rental cars including leased ones as of the end of 2013 were German-made models [...]