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 [...]
SEOUL, Aug. 23 (Korea Bizwire) — SK Group Senior Vice Chairman Chey Jae-won met with Mercedes-Benz Group CEO Ola Kallenius on Wednesday and discussed ways to boost their business partnership, SK said. The meeting, which took place in SK’s headquarters in Seoul, centered on efforts to expand cooperation in the fields of electric vehicle (EV)-related [...]
SEOUL, June 21 (Korea Bizwire) — The head of Mercedes-Benz Korea Ltd. has said a predictable business environment is the “one thing” he has wanted the most from the South Korean government during his 2 1/2-year term that ends in September. Over the past few years, the regulatory landscape in South Korea has actually developed [...]
SEOUL, Feb. 1 (Korea Bizwire) — Mercedes-Benz Korea said Wednesday it will further strengthen its electric vehicle lineup in coming years to cement its leading status in the Korean imported passenger vehicle market. On Tuesday, the German carmaker launched the all-electric EQS SUV built on its new EVA2 platform for Korean customers and will introduce [...]
SEOUL, Nov. 24 (Korea Bizwire) — Mercedes-Benz Financial Services Korea (MBFSK), the South Korean unit of Mercedes-Benz Group AG’s financial and mobility services division, is being criticized for predatory lending practices. It has been pointed out that MBFSK is offering high-interest-rate loans to new customers after borrowing at low interest rates from its German headquarters. [...]
SEOUL, Oct. 18 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Tuesday it has recently begun to supply chassis modules for Mercedes-Benz AG’s four all-electric EV models assembled in the United States. Hyundai Mobis became the first non-European supplier of chassis modules for the German carmaker, the company said in [...]
SEOUL, April 12 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Tuesday it started supplying tires for Mercedes-Benz’s S-Class sedan last year. Hankook Tire has been providing the high-performance tires, including Ventus S1 Evo3 and Ventus S1 Evo3 run-flat products, since early last year in the form of [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to fine Mercedes-Benz 20.2 billion won (US$16.87 million) for falsified information on gas emissions of its diesel cars and ordered it to take corrective actions. Mercedes-Benz was found to have tampered with pollution mitigation devices by installing illegal software in [...]
SEOUL, Jan. 25 (Korea Bizwire) — Mercedes-Benz Korea said Tuesday it will continue to beef up its electric vehicle lineup in South Korea to meet changing customer demands and follow the automobile industry trends. The German carmaker plans to launch four all-new and two facelifted models in Korea, its fifth-biggest passenger vehicle market, this year, [...]
SEOUL, Jan. 4 (Korea Bizwire) — Excluding Hyundai Motor Co. and Kia Corp., foreign car brands emerged as the winners in the South Korean car market last year. According to the Korea Automobile Importers and Distributors Association, BMW Group Korea and Mercedes-Benz Korea sold 69,400 units and 61,436 units in the Korean market during the [...]