SEOUL, May 21 (Korea Bizwire) — Hanwha Group Chairman Kim Seung-youn has called for turning the conglomerate’s defense affiliates into a global export powerhouse, as it seeks growth by selling beyond its main export destinations in Europe. Kim made the remarks as he visited a plant of the group’s key defense unit, Hanwha Aerospace Co., [...]
SEOUL, May 20 (Korea Bizwire) – In a testament to its exceptional design and performance, Kia’s EV6 has outperformed the Volkswagen ID.5 GTX in a recent comparative evaluation conducted by the renowned German automotive publication Autobild. Widely regarded as one of Germany’s top three automotive magazines, alongside Auto Motor und Sport and Auto Zeitung, Autobild [...]
SEOUL, May 20 (Korea Bizwire) — Hyundai Motor Co.’s vehicle selling prices soared over the past five years due to a weak won, higher costs and high-end models, the company’s data showed Monday. In the domestic market, the average selling price of Hyundai’s passenger vehicles rose to 53.19 million won (US$39,000) in the January-March period, [...]
SEOUL, May 20 (Korea Bizwire) – With extending the retirement age emerging as a key issue in this year’s wage and collective bargaining negotiations at major South Korean companies, discussions on the matter are expected to take place at Hyundai Motor, a leader in the country’s automotive industry. On May 19, the Dong-A Ilbo reported that [...]
SEOUL, May 17 (Korea Bizwire) — Nearly 1 out of 5 imported vehicles in South Korea were battery-powered ones in the January-April period despite slowing sales of electric vehicles (EVs) globally, industry data showed Friday. In the first four months, registrations of pure EVs jumped to 13,863 units from 5,417 during the same period of [...]
WASHINGTON, May 16 (Korea Bizwire) — Officials of the U.S. National Aeronautics and Space Administration (NASA) expressed expectations for greater space cooperation with South Korea on Thursday, as the two countries are widening the scope of their alliance beyond its longstanding security focus. Mark Clampin, NASA’s astrophysics division director, and John Wisniewski, a NASA scientist [...]
SEOUL, May 17 (Korea Bizwire) — South Korean airlines said Friday they will lower fuel surcharges on international routes next month to reflect a recent decline in jet fuel prices. Starting June 1, the surcharge for one-way tickets on Korean Air Co.’s international routes will be lowered to the range of 18,200 won-144,100 won (US$13-$106), [...]
SEOUL, May 16 (Korea Bizwire) – The Seoul city government said Thursday it will introduce a daily transit pass for tourists in July, offering unlimited access to the city’s subways and buses for a temporary period in the latest move to enhance the city’s competitiveness as a global tourist spot. The Seoul metropolitan government said [...]
SEOUL, May 15 (Korea Bizwire) – Korean Air has been honored for its first class in-flight dining by a prestigious travel publication, highlighting the airline’s dedication to elevating the culinary experience at 35,000 feet. The carrier was named the recipient of the Best First Class Catering award at the 2024 Leisure and Lifestyle Travel Awards presented [...]
SEOUL, May 14 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021. The revamped crossover SUV features a fresh design and is equipped with a fourth-generation 84 kWh battery and an advanced infotainment [...]