BMW Group Korea has started the construction of a new research and development center near Seoul that will absorb the function of the existing R&D unit within the BMW Driving Center in Incheon.
Located at the Cheongna Incheon Hi-Tech Park in Incheon, the new R&D center will boost cooperation with local partners in future mobility solutions.
BMW Korea will cooperate with the Korean government, Korean firms and colleges, and local research centers in developing future mobility technologies, such as autonomous driving, connectivity, and electrification, it said.
From January to April, BMW Group Korea sold a combined 26,653 units of its three brands — BMW, MINI, and Rolls-Royce, down 6 percent from 28,387 year-on-year, according to the Korea Automobile Importers and Distributors Association.


Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion
India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures
UK House Prices Hold Steady in June as Annual Growth Misses Forecasts
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action
NATO Albania Summit Faces Uncertainty as Trump, Defense Spending Concerns Loom
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 



