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 [...]
INCHEON, Apr. 22 (Korea Bizwire) –A new research and development center for the German automaker BMW has opened its doors in Incheon, South Korea, underscoring the company’s commitment to one of its most crucial global markets. The BMW Group Korea inaugurated the BMW Group R&D Center Korea on April 22 in the Cheongna International City [...]
SEOUL, Apr. 16 (Korea Bizwire) — BMW Group Korea announced on April 15 that the German automaker purchased components worth 4.5 billion euros (approximately 6.63 trillion won) from South Korean suppliers in 2023, a figure that surpasses the company’s total revenue of 6.17 trillion won in the country last year. The 2023 purchase amount represents a [...]
SEOUL, Mar. 7 (Korea Bizwire) — Hyundai Motor Co., BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia Corp. and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land, Infrastructure [...]
SAN FRANCISCO, Feb. 22, 2024 (Korea Bizwire) – Motorq, the leading connected vehicle analytics and infrastructure company, is partnering with the BMW Group, a global leader for premium vehicles, to offer their innovative data solutions for fleets. This global partnership gives customers access to insights that power cutting edge use cases such as driver safety, [...]
SEOUL, Feb. 16 (Korea Bizwire) – A number of foreign carmakers in Korea are integrating Tmap navigation systems due to customer complaints about the inadequacy of foreign-made navigation software with Korean road conditions. Recognizing that Tmap’s real-time traffic information and local features better suit Korean consumers, Mercedes-Benz has recently equipped its new E-Class model with Tmap [...]
SEOUL, Jan. 4 (Korea Bizwire) – BMW Korea overtook Mercedes-Benz Korea to become the leading foreign automobile company in South Korea last year in terms of sales, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of newly registered BMW models last year reached 77,395 units out of the [...]
SEOUL, Nov. 15 (Korea Bizwire) — Mercedes-Benz Korea and three other car companies will recall over 10,000 vehicles due to defective components, the transportation ministry said Wednesday. The companies, which also include BMW Group Korea, Volkswagen Group Korea and domestic electrified van manufacturer Jeis Mobility, are voluntarily recalling a total of 10,981 units of 20 [...]
SEOUL, Oct. 5 (Korea Bizwire) — BMW Group on Thursday launched its new 5 series sedan for the first time in South Korea, reflecting the importance of the market for the German carmaker. The new 5 series is available in three versions — a gasoline or a diesel-powered engine, or an electric power train, BMW [...]
SEOUL, Sept.11(Korea Bizwire) – German automakers continue to maintain their stronghold in the South Korean import car market, and this dominance extends to the realm of electric vehicle (EV) sales as well. Recent import vehicle registration data from the Korea Association of Imported Automobile Manufacturers (KAIDA) released on Sunday reveals a substantial uptick in the number [...]