SEOUL, Aug. 31 (Korea Bizwire) – “Labor costs in Korea are rising rapidly. For example, Indian assembly plants can produce cars at half the cost of those in Korea. The so-called ‘ordinary wage’ issue will affect all Korean industries – not just the automobile industry.” Last May, Sergio Rocha, president and CEO of GM Korea, [...]
YONGIN, Aug. 17 (Korea Bizwire) – In a bid to improve local service, Volkswagen has opened a technical center in Yongin, Korea. The center is expected to raise service quality by delivering up-to-date technology from its headquarters in Germany, and helping with repairs requiring advanced capabilities. To train service engineers in Korea, the center will [...]
SEOUL, June 4 (Korea Bizwire) — Sales of imported cars in South Korea jumped 20.1 percent in May from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday. According to the data by the Korea Automobile Importers and Distributors Association, 18,386 foreign vehicles were newly registered in the country last [...]
SEOUL, May 8 (Korea Bizwire) — The number of newly registered foreign cars in South Korea grew 8.9 in April from a year earlier, driven mostly by German brands, including Mercedes-Benz and BMW, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, a total of 18,202 foreign vehicles [...]
SEOUL, April 16 (Korea Bizwire) — Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday. Audi Volkswagen Korea reported to financial authorities here that its domestic sales [...]
SEOUL, April 15 (Korea Bizwire) – Hyundai Motor, South Korea’s top automaker, denied a media report Wednesday that it is seeking to build a factory in Mexico, calling it “groundless.” Bloomberg earlier reported that Hyundai Motor is pushing to build a plant in Mexico, citing an interview with a high-ranking official of the local unit of [...]
SEOUL, March 25 (Korea Bizwire) – South Korea’s No. 3 mobile carrier, LG Uplus, said Wednesday it has launched a smart-car management system that runs on the long-term evolution (LTE) network, providing users with real-time information related to their automobiles to ensure safer driving. Dubbed Telematics in Athena (TiA), the service allows users to check [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics Inc., which recently has been making efforts to tap deeper into the automobile sector, said Wednesday it has provided electronic parts to a concept car made by Italdesign Giugiaro, a design arm of Germany’s Volkswagen Group. LG said the concept car [...]
SEOUL, Feb. 5 (Korea Bizwire) – On Weekend nights, residents of Yeongjong Island, the home of Incheon International Airport, suffer from headaches caused by joyriders who stage impromptu races with foreign-made vehicles. Recently, a traffic accident causing the death of a passenger occurred on an island road without CCTV coverage. However, police have given up [...]
SEOUL, Feb. 4 (Korea Bizwire) – Sales of Volkswagen Group’s Golf hatchback outstripped that of Hyundai Motor Co.’s i30 compact last year, data showed Wednesday, the first time that a foreign brand has done better than a local automaker in a particular segment. Volkswagen sold 7,238 units of the Golf in South Korea for the [...]