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[Photo News] Kia CEO wins top UK car award
Kia said Wednesday that CEO Song Ho-sung won the Issigonis Trophy, the highest honor at the UK's 2025 Autocar Awards. The accolade goes to key figures who have made exceptional contributions to the automotive industry. Since being appointed CEO in 2020, Song has achieved significant milestones for Kia, notably with the launches of the EV9 SUV and the EV3, which were named World Car of the Year in 2024 and 2025, respectively. (Kia)
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Korea Herald
12 hours ago
- Korea Herald
[Photo News] Kia CEO wins top UK car award
Kia said Wednesday that CEO Song Ho-sung won the Issigonis Trophy, the highest honor at the UK's 2025 Autocar Awards. The accolade goes to key figures who have made exceptional contributions to the automotive industry. Since being appointed CEO in 2020, Song has achieved significant milestones for Kia, notably with the launches of the EV9 SUV and the EV3, which were named World Car of the Year in 2024 and 2025, respectively. (Kia)
Korea Herald
6 days ago
- Korea Herald
Hyundai, Kia drive digital upgrade for commercial vehicle safety
Auto conglomerate to develop next-gen digital tachograph for buses, trucks Hyundai Motor and Kia will develop a next-generation connected digital tachograph, or DTG, for commercial vehicles in collaboration with Korea's transport authorities to enhance convenience for drivers and road safety, the automakers said Thursday. The automakers signed a memorandum of understanding with the Ministry of Land, Infrastructure and Transport and Korea Transportation Safety Authority to develop the advanced DTG system at the Hyundai Motor Group Namyang R&D Center earlier in the day. DTG is a device that automatically records vehicle data in real time, including speed, driving distance and GPS signals. Under Korea's Road Traffic Act, the installation and regular submission of DTG data is mandatory for commercial vehicles such as buses, trucks and school transport vehicles. The authorities analyze the data to address risky driving behaviors and prevent traffic accidents. The current DTG submission process, however, is inconvenient as it requires drivers to manually extract the data via USB for submission or subscribe to paid submission services. Calls for a more convenient solution have grown since the government expanded the DTG mandate to include heavy-duty trucks over 25 tons and special vehicles weighing over 10 tons in October last year. For the next-generation DTG project, Hyundai and Kia will integrate their connected car services, such as Bluelink and Kia Connect, with the safety authority's driving data analysis system, eTAS, to enable fully automated data collection, eliminating the need for separate hardware or manual input. The automakers plan to complete the development of the new DTG service by the end of this year and roll it out with new commercial vehicles to be released next year. Once the service is launched, commercial vehicles will no longer have to install standalone DTG devices, which can cost up to 400,000 won ($289) per unit. Moreover, Hyundai and Kia will collaborate with the authorities on data-sharing projects to develop new services for their commercial vehicle management solutions — including driving pattern analysis and rest time compliance monitoring — using traffic-related big data. 'Public-private data sharing and technological collaboration are essential to build a robust mobility service ecosystem,' said Park Sang-hyeon, executive vice president at Hyundai and Kia. 'Through continuous technological exchange (with the public authorities), we will develop vehicle data-driven services that maximize convenience for commercial vehicle customers and fulfill our social responsibility for road safety.'
Korea Herald
7 days ago
- Korea Herald
Eximbank opens Warsaw office to aid Korean firms in Europe
The state-run Export-Import Bank of Korea has opened a representative office in the Polish capital of Warsaw to strengthen financial support for Korean companies operating across Central and Eastern Europe, the policy lender said Thursday. Launched at a ceremony Wednesday, the Warsaw office will serve as a regional base covering Poland, the Czech Republic, Slovakia, Hungary and Ukraine — markets that have become key production and export hubs for Korean firms in batteries, autos and electronics. The bank also aims to position the office as a frontline base for postwar reconstruction efforts in Ukraine. Eximbank Chairman Yoon Hee-sung led the launch event, joined by Korean Ambassador to Poland Tae Jun-youl and senior figures from Poland's state-run energy group Orlen, nuclear firm PEJ, development lender BGK and global banks including HSBC, ANZ and Citi. Yoon held separate meetings with Orlen to discuss financing for a large-scale plant project involving Korean contractors, and with BGK to explore joint export and investment support. 'Through the Warsaw office, we will respond more swiftly to local business needs and reinforce ties with major project owners,' Yoon said. Poland has recently become the most active buyer of South Korean defense equipment in the region, making it a key market for Korean arms makers. In sectors like defense and nuclear energy, often conducted as government-to-government deals, policy lender involvement is seen as a core competitive edge. Warsaw already hosts local units of Korean defense firms Hanwha Aerospace, Hyundai Rotem and Korea Aerospace Industries, along with tech and automotive conglomerates such as Samsung Electronics, LG Electronics, Hyundai Motor and Kia.
