SEOUL, May 26 (Korea Bizwire) – The number of passengers on foreign airlines for international routes outpaced those of South Korea’s two full-service carriers in April, data showed Sunday, amid a rise in the number of overseas tourists visiting the country. The number of passengers for routes in and out of South Korea on foreign [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year. The auto parts arm of Hyundai Motor Group unveiled its plan during the Mobis Mobility Day in Silicon Valley on Thursday (U.S. [...]
SEOUL, May 26 (Korea Bizwire) – Lee Sang-hyeok, the world-renowned esports pro gamer known as Faker, has turned heads by regularly receiving luxury foreign cars as gifts from sponsors like BMW, highlighting the lucrative endorsement deals available to elite competitors. Faker, 26, is the star player for T1, the esports team owned by the [...]
SEOUL, May 24 (Korea Bizwire) – In a city known for its extensive and efficient subway system, Jamsil Station on Line 2 has emerged as the busiest station in Seoul, with an average of approximately 160,000 passengers boarding or disembarking daily, according to data released by the Seoul Metro on May 23. Seoul Metro’s analysis of [...]
SEOUL, May 23 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it will launch its third battery-powered model in the domestic market in July as part of its future mobility solutions roadmap. Kia plans to receive preorders for the EV3 SUV, the third pure electric vehicle model after the EV6 [...]
SEOUL, May 23 (Korea Bizwire) – Hyundai Motor Company’s shares surged 9% on May 22 as the automaker showcased its ambitions in hydrogen-powered vehicles and clean transportation systems at an industry expo in Las Vegas. The company’s stock closed at 277,000 won, rising 24,000 won or 9.49% from the previous day’s close. In late trading, Hyundai’s [...]
SEOUL, May 23 (Korea Bizwire) — Jamsil Station on Seoul’s Subway Line No. 2 has replaced Gangnam Station of the same line as the capital’s busiest station, with over 150,000 passengers using the station per day, Seoul Metro said Thursday. Jamsil Station in southeastern Seoul served a daily average of 155,229 passengers in the first [...]
SEOUL, May 23 (Korea Bizwire) — The science ministry said Thursday its project to develop a low Earth orbit (LEO) satellite communications system has passed a preliminary feasibility study and will officially begin next year. The 320 billion-won (US$234.3 million) LEO project, also known as South Korea’s Starlink, aims to launch two LEO satellites based [...]
SEOUL, May 22 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to order Renault Korea Motors Co. to take corrective steps for excessively charging its dealerships for urgent orders of auto parts. The South Korean unit of Renault S.A. had levied a combined 394.64 million won (US$289,935) in penalties against 305 authorized dealerships between June 2012 and December [...]
SEOUL, May 22 (Korea Bizwire) – The Kia Carnival minivan, once renowned as the quintessential family vehicle for road trips and camping, took the top spot for corporate vehicle registrations in South Korea during the first quarter of 2024. This marks the first time the Carnival has claimed the number one position on a quarterly basis. [...]