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S. Korean Carmakers Bet Big on SUVs after Weak 2018 Results

S. Korean Carmakers Bet Big on SUVs after Weak 2018 Results

SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s three listed carmakers are betting big on sport-utility vehicles (SUVs) to bolster sales in 2019 after posting lower-than-expected earnings results last year.  With ongoing trade friction between the United States and China and the global economy slowing down, Hyundai Motor Co., Kia Motors Corp. and SsangYong Motor [...]

Large Sedans, SUVs Gain Popularity amid Weaker Demand for Smaller Cars: Data

Large Sedans, SUVs Gain Popularity amid Weaker Demand for Smaller Cars: Data

SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s domestic car market moved in two different directions this year with the rise in popularity of large sedans and sport utility vehicles (SUVs) standing in contrast to weaker demand for smaller vehicles, industry data showed Sunday. In the January-November period, Hyundai Motor Co., Kia Motors Corp., GM [...]

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, [...]