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 [...]
SEOUL, July 2 (Korea Bizwire) – Hyundai Motor was ranked No. 1 in a customer satisfaction survey conducted in the world’s largest automobile market China. The company said on July 1 that its Chinese unit Beijing Hyundai grabbed the top spot in the 2014 Chinese Sales Satisfaction Survey conducted by American market research firm JD Power. This [...]
SEOUL, July 2 (Korea Bizwire) – From July 1st this year, which marks the third anniversary of Korea-EU free trade agreement, the tariffs on mid- and large-sized European cars was abolished in Korea. Coupled with this measure, lowering tariffs on small-sized cars will give a further boost to already hot-selling European automotive industry in the [...]
BUSAN, May 27 (Korea Bizwire) - Starting with Press Day on May 29, and the Opening Ceremony on May 30, the 2014 Busan International Motor Show (BIMOS 2014) will be at BEXCO in Busan for 11 days through June 8. The auto show, which first convened as the inaugural exhibition for BEXCO in 2001, is [...]
SEOUL, Korea, April 7 (Korea Bizwire) – Imported wheels are selling like hot cakes in Korea. Last month, the monthly sales of foreign cars have exceeded 15,000 breaking the record of 14,953 in July 2013. According to the Korea Automobile Importers and Distributors Association, 15,733 foreign cars were registered in March which has increased 30.4 [...]