LG Electronics Inc. said Sunday it will take part in the North American International Auto Show held in the United States to boast its vehicle-part solutions to global carmakers. During the event which runs through Jan. 28 in Detroit, the Korean tech company will introduce its vehicle components to global car manufactures. It marks the second consecutive year for LG to take part in the exhibition.  (Yonhap)In line with efforts to find new growth engines, LG Electronics, a major home appliances m

In response to growing imported car sales in South Korea, carmakers are striving to bolster brand loyalty by building centers for drivers where they can experience high-performance vehicles.BMW Korea, the local unit of the luxury German carmaker, took the lead by introducing its driving center on Incheon’s Yeongjongdo in 2014 amid skepticism surrounding the new automotive venue.Three years later, it has become one of the most well-known and popular places to visit among Korean drivers and touris

S. Korean automotive supplier to invest 10 percent of revenue in R&D by 2021

Hyundai Motor, South Korea’s largest automotive company by sales, has invested in the Singapore-based carpooling service Grab to tap into the Southeast Asian mobility market, the company said Thursday.Established in 2012, Grab is also known as the Uber of Southeast Asia, boasting a market share of some 75 percent in the region.It currently operates in eight Southeast Asian countries across 168 cities with 2.3 million users and 3.5 million rides made daily.“The convergence of Grab’s competitivene

As fan of Porsche, Tesla, Hyundai’s future leader says carmaker should make speedier decisions, like tech firms

LAS VEGAS -- South Korean auto giant Hyundai Motor will produce a hardware platform to operate a gigabit network for its premium cars hitting the market next year, the companies said Tuesday.The new in-vehicle network enables high-speed transfer of data and offers integrated, multilayered security, as well as full end-to-end networking, Hyundai said in an announcement with Cisco at the Consumer Electronics Show in Las Vegas.The development of first-generation solutions to enable 1 gigabit-per-se

LAS VEGAS --Addressed as “E. S. Chung,” for the finale of Hyundai Motor’s press conference at the Consumer Electronics Conference held on Monday, Vice Chairman Chung Eui-sun, heir to South Korea’s biggest carmaker faced a barrage of questions from reporters covering the event. The 46-year-old who spent many years as the heir to the auto giant said, in fluent English, that the carmaker is competing with major carmakers for future vehicle technology, but is also collaborating with them for market

Latest FCEV to drive farthest, charge faster than other green cars

SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra, has released a pickup-sport utility vehicle dubbed Rexton Sports in a move to take over the midsize SUV market, the company said Tuesday.“Rexton Sports is a premium open-style SUV that will refresh the midsize SUV market longing for change,” said SsangYong Motor CEO Choi Jong-sik during a media conference held in eastern Seoul. “It will solidify SsangYong as a traditional SUV powerhouse adding on to achievements reape

South Korea’s largest automaker shifts focus from traditional motor to IT shows

LAS VEGAS -- Hyundai Motor Group Vice Chairman Chung Eui-sun said Sunday that the carmaker is working both with Nvidia, and also with its rival Intel, for the carmaker’s autonomous driving technology.Chung, the only son to Hyundai Motor Chairman Chung Mong-koo, was attending Nvidia’s press conference held in Las Vegas on the sidelines of the Consumer Electronics Show, where the US company announced its partnership with Volkswagen and Uber for self-driving vehicles. Hyundai Vice Chairman Chung Eu

Hyundai VP says carmaker open to M&A opportunities on startups

Hyundai Motor Group promoted Albert Biermann, vice president of the carmaker’s performance development division, to a president-level post, recognizing his role in enhancing the driving dynamics of its luxury brand Genesis on par with other premium carmakers, the company said Friday.  Albert Biermann (Hyundai Motor)Biermann is the second foreign expert to be named as a president, after the South Korean carmaker appointed Peter Schreyer, former Audi designer, as the president of Hyundai-Kia desig

Head of Mahindra racing team says it is in talks with South Korean companies for battery development

Hyundai Motor has partnered with the US startup Aurora, which develops sensors and software for autonomous vehicles, with a plan to commercialize a level-four self-driving system by 2021, the South Korean carmaker said Thursday.Hyundai MotorThis is the first partnership that Hyundai has formed for the development of a self-driving system, marking a shift in the company’s previous strategy of developing the system on its own, officials said.The project between the two will be announced at the Con