Jung-Eun Shin

Jan 14, 2025 | kedglobal.com | Jung-Eun Shin

Hyundai Motor Co. and its sibling Kia Corp. shipped a record-high number of eco-friendly cars together to overseas markets last year thanks to strong demand for their hybrid models amid the prolonged electric vehicle chasm. South Korea’s top and second-top carmakers under Hyundai Motor Group exported 707,853 units of green cars in 2024, up 3% from the previous year, Hyundai Motor Group announced on Tuesday.

Jan 12, 2025 | kedglobal.com | Jung-Eun Shin

China’s electric vehicle (EV) giant BYD Co. officially debuts in the South Korean passenger car market on January 16. BYD's first-selling model in South Korea is an electric compact sport utility vehicle (SUV) Atto 3. The South Korean government certification process for BYD's Seal, Dolphin, and Sealion 7 is underway. Starting with BYD, Chinese EV companies such as Zeely Group's premium EV brand Zeeker, Xiaomi, and Xiaofeng are reportedly rushing to enter South Korea.

Dec 2, 2024 | kedglobal.com | Jung-Eun Shin

South Korea’s budget airlines are geared up to weather the sector’s downturn amid a weaker won currency and a sluggish domestic economy by attracting new customers with exclusive routes and cheaper tickets. Domestic low-cost carriers (LCCs), including the industry leader Jeju Air Co., are expected to report weaker earnings in the fourth quarter after turning to the black in the third, sources said on Monday.

Nov 26, 2024 | kedglobal.com | Jung-Eun Shin

Hyundai Motor Co. said on Thursday its launch of an electric vehicle (EV) charging subscription service for vehicle owners in IndonesiaSubscribers will have access to 518 chargers at 228 EV charging stations operated by Hyundai Motor and its local partners throughout Indonesia. The service is available in three subscription tiers: 50, 100, and 250 kWh. If the subscribed capacity is exceeded, additional credits can be purchased.

Nov 21, 2024 | kedglobal.com | Jung-Eun Shin

South Korea's HMM Co. said on Friday that it will introduce two 7,700 TEU (1 TEU equals one 20-foot container) container ships powered by liquefied natural gas (LNG). This marks the first time a domestic shipping company has adopted LNG-powered container ships, a more eco-friendly fuel. The LNG-powered vessels, HMM Ocean and HMM Sky,- were named during a ceremony at HJ Shipbuilding & Construction Co. in Busan and are set to begin operations in January next year.