SEOUL, Oct. 14 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. have made strong challenges with their new models in the midsize SUV segment, which has been largely dominated by Hyundai Motor Group, according to industry data Monday. According to the Korea Automobile & Mobility Industry Association, KG Mobility’s Actyon and Renault [...]
SEOUL, Sept. 4 (Korea Bizwire) — The automotive industry in South Korea is expected to see strong competition in the midsize sport utility vehicle (SUV) segment in the second half of the year amid new releases in the popular family leisure car market segment. Kia Corp. this week launched its revamped 2025 Sorento SUV with [...]
SEOUL, Aug. 30 (Korea Bizwire) – Jeep, the American brand renowned for its rugged off-road vehicles, is preparing to launch its first all-electric SUV, the Avenger, in South Korea next month. This move marks a significant step in the brand’s electrification journey and its expansion in the Asian market. The compact electric SUV, which has garnered [...]
SEOUL, Aug. 15 (Korea Bizwire) – In a bold move amid growing concerns over electric vehicle safety, Swedish automaker Polestar has introduced its latest model to the South Korean market. The company is leveraging its spotless safety record to distinguish itself from competitors, particularly in light of a recent fire involving a Mercedes-Benz electric vehicle in [...]
SEOUL, Jul. 23 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. are gearing up to release ambitious new midsize sport utility vehicle (SUV) models this year to tackle the popular family leisure car market segment dominated by local industry leaders Hyundai Motor Co. and Kia Corp. KG Mobility, formerly known as Ssangyong [...]
SEOUL, Jun. 25 (Korea Bizwire) – Renault Korea is overhauling its customer engagement and sales strategies in preparation for the launch of its new hybrid mid-size SUV, the Aurora 1. According to Renault Korea on June 23, over 60% of visitors to the carmaker’s recently renovated flagship store Renault Seongsu are in their 20s and 30s. [...]
SEOUL, Jun. 11 (Korea Bizwire) — Hankook Tire & Technology Co. said Tuesday it has signed a deal with Mitsubishi Motors Corp. to supply tires for the Japanese automaker’s Xforce compact sport utility vehicle. The South Korean tire company said it will supply its Ventus Prime 4 product to Mitsubishi. The company’s Ventus product series [...]
SEOUL, Apr. 11 (Korea Bizwire) – In the first quarter (January-March) of the South Korean automobile market, SUVs and vans, collectively known as RVs (recreational vehicles) locally, captured the top four spots in sales rankings. Hyundai’s Grandeur, which had consistently held a place in the top five, fell to sixth position, leaving no sedans among the [...]
SEOUL, Oct. 6 (Korea Bizwire) – In the competition of new car sales, Kia’s Sorento has maintained its edge over Hyundai’s Santa Fe. The Sorento offers both internal combustion and hybrid models, whereas the Santa Fe only comes with conventional powertrain options, although Hyundai is expected to release a hybrid model later this month. According to [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will launch the face-lifted GV80 SUV and the first coupe model under its independent Genesis brand in the domestic market next month as it beefs up its lineup. Hyundai Motor launched the first-generation GV80 SUV in January 2020 and has since [...]