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Imported car sales in South Korea rose 14 percent on-year last month, helped by new models, industry data showed Dec. 4. The number of newly registered foreign vehicles rose to 25,514 units in No...
Hyundai Motor said Dec. 4 it will invest 61 trillion won ($51 billion) in its core automobile and future mobility businesses by 2025. The decision is designed to enhance the competitiveness of it...
Hyundai Motor said Dec. 2 its sales fell 2.8 percent last month from a year earlier due to weak demand at home and abroad. The company sold 392,247 vehicles in November, down from 403,368 units a...
Volkswagen, Fiat Chrysler Automobiles and five other companies will recall more than 12,000 vehicles due to faulty components, the transport ministry said Monday. This is the latest in a series o...
Hyundai Glovis said Nov. 28 it has set up two joint ventures in China to advance into the local secondhand car and shipping markets. The logistics unit of Hyundai Motor Group and Beijing Changjiu...
Hyundai Motor Group said Nov. 27 it will complete the construction of its new headquarters in downtown Seoul by 2026 after breaking ground early next year. The Seoul Metropolitan Government has g...
German-based luxury carmaker BMW Korea announced on Nov. 21 that it has hosted the “BMW Group Supplier Day 2019” event at the Grand Hyatt in Incheon. According to the company, it decided to host the...
Hyundai Motor’s flagship full-size sedan Grandeur has been positioned as a luxurious car for the older generation and those of high social status in their late 40s and 50s in Korea. But with the New...
Hyundai Motor said Nov. 22 it will launch the Lafesta electric vehicle in China next year. The company unveiled the Lafesta sedan at the 17th China Guangzhou International Automobile Exhibition t...
Samsung SDI has signed a 2.9 billion euros ($3.2 billion) deal with BMW to supply EV battery cells, the German automaker’s Korean unit said Nov. 21. BMW Chief Purchasing Officer Andreas Wendt sig...
South Korean carmaker Hyundai Motor said Nov. 21 it has unveiled its Vision T SUV concept at the Los Angeles Auto Show. The unveiling of the SUV concept is in line with Hyundai Motor’s stepped-up...
Kia Motors on Nov.21 launched its all-new K5 sedan in the domestic market to boost sales. The third-generation K5 midsize sedan is available in four trims: a 2.0-liter gasoline, a 1.6-liter turbo...
Hyundai Motor on Nov. 19 launched the face-lifted Grandeur sedan in the domestic market to strengthen its lineup with competitive models. The upgraded Grandeur comes in four versions with a 2.5-l...
Kia Motors said Nov. 19 its cumulative vehicle production in the United States has surpassed 3 million units since it entered the world‘s most important automobile market a decade ago. The carmak...
MAN Truck & Bus Korea said Nov. 18 it expects sales to remain weak through next year in South Korea, one of the German carmaker’s strategically important markets. The company expects market deama...
NPS picks 5 local partners to earmark W200b for startup investment
Alpha Holdings’ US expansion hits snag as OncoSec proxy fight looms
3 S. Korean institutional investors declare end to coal exposure
SK China, Hillhouse Capital to form W1tr fund
Baby Shark’s global success at K-Startup Week ComeUp 2019
Experts share experience of reviving a city via social innovation
China imports $100m worth of South Korean instant noodles
SK Energy to complete vacuum residue desulfurization in Jan.
December 05, 2019
