news highlight

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  South Korean auto exports hit record high despite global tariffs South Korea's automobile industry is demonstrating remarkable resilience in the face of global economic pressures, reporting record-breaking exports and strong domestic performance for the second consecutive month. According to a report released by the Ministry of Trade, Industry and Energy, Tuesday, the sector's growth was driven by robust demand for eco-friendly vehicles and a successful pivot to new markets. Auto exports reached a record $5.5 billion in August, marking an 8.6 percen September 16, 2025
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  Demonstration center for autonomous boast starts operation in southern port city SEOUL -- A demonstration center for autonomous vessels was placed into operation in the southern port city of Ulsan, serving as South Korea's main intellectual hub for acquiring core self-saling technologies. Thanks to the development of artificial intelligence and super-fast processor chips, the global autonomous vessel market is estimated to reach $3.9 billion by the end of 2022. The market for self-sailing ships will grow at an annual average growth rate of 9.6 percent to reach $8.2 bil November 3, 2022
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  Samsung unveils automotive image sensor for surround-view monitors or rear-view cameras SEOUL -- As a top mobile image sensor maker, Samsung Electronics unveiled an automotive image sensor optimized for surround-view monitors or rear-view cameras in high-definition resolution. The new image sensor called "ISOCELL Auto 4AC" will be used in vehicles to be released in the second half of 2021. The release of ISOCELL Auto 4AC underscores efforts to expand Samsung's clout in the auto component market. The company has diversified its busi July 13, 2021
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  Researchers to demonstrate 5G-connected unmanned level 4 autonomous shuttle bus SEOUL -- Researchers will demonstrate an unmanned level 4 autonomous driving shuttle bus inside a research institute campus. The shuttle was based on an electric vehicle manufactured by a domestic small and medium-sized company. It will provide entertainment for passengers using augmented reality and virtual reality content. Unlike autonomous levels 1, 2, and 3 that assist human drivers to conveniently reach their destinations, level 4 is fully autonomous. A level 4 self-dr June 9, 2021
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  Auto consultant urges S. Korean carmakers to make quick business transition SEOUL -- To regain their competitiveness in the global market which has been hit hard by a prolonged COVID-19 pandemic, South Korean carmakers should speed up their business transition to technologies related to connected, autonomous, shared and electrified, or CASE which has been cited as the guiding principle for the future of the auto industry, said a senior Alix Partners consultant. "The focus should be on making decisions that efficiently allocate resourc December 9, 2020
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  Hyundai auto group forges battery alliance with SK Innovation SEOUL -- South Korea's Hyundai auto group joined hands with SK Innovation, a subsidiary of South Korea's SK Group, to establish an electric vehicle battery ecosystem, starting with cooperation in reusing or recycling spent batteries. The auto group aims to release 44 eco-friendly models by 2025, including 23 full-electric vehicles. So far, Hyundai Motor and its affiliate Kia Motors have used batteries mainly from LG Chem and SK Innovation (SKI). In December September 8, 2020
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  Hyundai Mobis develops mirrorless system for next-generation and autonomous vehicles SEOUL -- Using high-performance small digital cameras, Hyundai Mobis, a parts-making unit of South Korea's Hyundai auto group, has developed a camera monitoring system that would be used widely for mirrorless next-generation and self-driving vehicles. Hyundai Mobis said in a statement on Sunday that its Camera Monitor System (CMS) would drastically improve driving safety by securing a wider angle of view than conventional mirrors while innovatively changing th July 22, 2019
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  GM to launch Colorado pickup, Traverse SUV in S. Korea: Yonhap SEOUL -- General Motors Co. will launch the Colorado pickup truck and the Traverse SUV in South Korea by September as it strives to strengthen its recreational vehicle lineup amid falling sales. The Detroit-based carmaker plans to introduce the Colorado pickup in late August and the Traverse SUV in early September, GM Korea President and CEO Kaher Kazem said in a press conference. GM Korea is targeting to increase the percentage of SUVs in its product portfolio t June 25, 2019
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  Consortium of parts makers agrees to take over GM's closed plant in Gunsan SEOUL -- A consortium of parts makers, led by a subsidiary of MS Autotech, forged a premilitary deal with U.S. carmaker General Motors to take over an idle plant in the southeastern port city of Gunsan that was shut down last year as part of global restructuring. In a regulatory filing on Friday, MS Autotech said that its subsidiary, Myoung Shin, agreed to take over the Gunsan plant's land and building for 113 billion won ($99.5 million) on June 28. MS Autotech and it March 29, 2019