SEOUL, Dec. 1 (Korea Bizwire) – Combined sales of automakers in South Korea grew from a year earlier in November on strong demands both at home and abroad, data from the companies showed Thursday. In November, the five South Korea-based carmakers sold 868,458 cars globally, up 5.6 percent from 822,754 vehicles sold in the same [...]
BUSAN, Oct. 10 (Korea Bizwire) – Renault Samsung Motors, a local subsidiary of Groupe Renault, announced Monday that it will host the 2016 Busan Eco-Rally. During the race, participants will drive around the city in SM3 Z.E. vehicles, the automaker’s full-electric sedan, engaging in various environmentally-friendly missions such as doing dishes using as little water [...]
SEOUL, Sept. 30 (Korea Bizwire) – Renault Samsung Motors Co., the South Korean unit of the French automaker Renault S.A., said Friday that preorders for the QM6, its newest SUV, have exceeded 10,000 units in a month, heralding huge popularity down the road. Renault Samsung is set to sell the QM6 SUV, a new version [...]
SEOUL, Sept. 12 (Korea Bizwire) – Local industry leader Hyundai Motor Co. and two other carmakers will recall over 30,000 cars sold here for problems with various vehicle parts, the transportation ministry said Monday. According to the Ministry of Land, Infrastructure and Transport, Hyundai Motor will recall 10,912 units of the Grandeur passenger cars for [...]
SEOUL, Sept. 6 (Korea Bizwire) – Company officials and union leaders at Renault Samsung Motors Co. have reached a tentative agreement on the wage increase for workers at the French automaker, the company said Tuesday. The agreement came after five official rounds of negotiations and nine working group meetings since July 11, and marks the [...]
SEOUL, Sept. 2 (Korea Bizwire) – Marked by its convenience and easy accessibility, e-commerce has rapidly matured in pace with technological progress. The global market for e-commerce has been growing by an annual average of 10 percent, and is anticipated to become a $2-trillion industry by the year 2018. Korea has also followed a similar [...]
SEOUL, Aug. 29 (Korea Bizwire) – Local carmakers’ business outlook for the year is increasingly dim as they are struggling with a protracted labor dispute and a fall in demand in emerging markets, industry sources said Sunday. According to the sources, workers at South Korea’s leading carmaker Hyundai Motor Co. have voted down a tentative [...]
SEOUL, Aug. 22 (Korea Bizwire) – With lingering effects from Volkswagen emissions scandal still on the Korean automotive market, other automakers have gradually reaped benefits. But most recently, Renault Samsung Motors is enjoying the brisk sales of its latest SM6 models. The Korean subsidiary of Groupe Renault said Sunday that August sales of its latest mid-sized [...]
SEOUL, July 1 (Korea Bizwire) – Renault Samsung has unveiled a special edition of its subcompact crossover, the QM3, which is a badge-engineered version of the Renault Captur. The South Korean unit of French auto firm Renault S.A. said that it will only sell 500 units of the QM3 Cannes Blue Special Edition during the [...]
SEOUL, June 6 (Korea Bizwire) – Compact sports utility vehicles (SUVs) have gained popularity among younger customers in South Korea as local automakers have released a series of fashionable, fuel-efficient models to grab a bigger chunk of the quickly growing market, industry data showed Sunday. A total of 10,216 compact SUVs made by Korean automakers [...]