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Porsche Unveils New Taycan, Boosting Performance and Range

Porsche Unveils New Taycan, Boosting Performance and Range

SEOUL, Aug. 23 (Korea Bizwire) – Porsche’s first all-electric sports car, the Taycan, has returned with significant improvements in performance and convenience features, marking its first major update since its introduction to the Korean market four years ago.  At a launch event held on August 22 at the Grand Hyatt Seoul, Porsche Korea unveiled nine new [...]

Volvo Overtakes Volkswagen in Imported Car Sales, as Lexus and Porsche Compete for Fifth Place

Volvo Overtakes Volkswagen in Imported Car Sales, as Lexus and Porsche Compete for Fifth Place

SEOUL, April 29 (Korea Bizwire) — The rankings for sales of imported cars have undergone significant changes this year, with Mercedes-Benz, BMW, Audi, and Volkswagen no longer dominating the market. In the first quarter of this year, Volvo has overtaken Volkswagen to claim the fourth spot, while new players such as Lexus and Porsche are [...]

Hankook Tire Supplies Tires for Porsche Cayenne SUV

Hankook Tire Supplies Tires for Porsche Cayenne SUV

SEOUL, Oct. 7 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Monday it began to supply tires for Porsche’s Cayenne sport utility vehicle in June. Hankook Tire supplies the high-performance Ventus S1 evo 3 SUV tires for the high-performance Cayenne in the form of original equipment (OE) tires, [...]

S. Korea to Ban Audi, Volkswagen, Porsche Models for Emission Rigging

S. Korea to Ban Audi, Volkswagen, Porsche Models for Emission Rigging

SEOUL, Aug. 20 (Korea Bizwire) — South Korea will ban domestic sales of eight models of Audi, Volkswagen and Porsche diesel cars for violating emissions regulations, the Ministry of Environment said Tuesday. The ministry said it will also slap fines on Audi Volkswagen Korea and Porsche Korea and seek a prosecution investigation. The ministry’s probe [...]

Porsche Korea Ignores Refund Order After Cayenne Breakdown

Porsche Korea Ignores Refund Order After Cayenne Breakdown

SEOUL, Nov. 22 (Korea Bizwire) — Porsche, a high-end sports car brand, is at the center of criticism as the company reportedly demonstrated inappropriate behavior not only towards customers, but also towards the South Korean government. Yonhap News TV reported that a Porsche worth over 100 million won (US$ 88,500) stopped due to engine failure, [...]

Mercedes, BMW, Porsche Fined 70 Billion Won for False Certification Papers

Mercedes, BMW, Porsche Fined 70 Billion Won for False Certification Papers

SEOUL, Nov. 9 (Korea Bizwire) – The local units of Mercedes-Benz, BMW and Porsche have been fined a combined 70.3 billion won (US$63.1 million) for falsifying documents required for government certification that grants them domestic sales, the environment ministry said Thursday. The three foreign automakers were found to have forged certain specifications or types of the vehicles’ parts to make it look as though they meet the local standards, between [...]