Innocean to cooperate domestic EV charging company for marketing

Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that it has signed a memorandum of understanding (MOU) with EV...

Curexo, Kyocera to enter Japan’s artificial joint surgery robot market

South Korea's medical robot company Curexo partnered with Kyocera Corporation to enter the Japanese market for artificial joint surgery robots.Curex...

China, India: Korean investors’ next stock investment targets

The US stock market has long been the prime investment destination for South Korean investors, lured by the dynamics of the global top economy.With ...

GeneOne Life Science gets patent for coated microneedle tech in China

South Korea’s biopharmaceutical company GeneOne Life Science Inc. on Tuesday said it received a patent from the China National Intellectual Pr...

LG Chairman to refine strategy for EV battery production

Koo Kwang-mo, chairman of South Korea’s fourth-largest conglomerate LG, visited a cathode plant on Monday to review supply chains for the batt...

Seoul Semiconductor's Sunlike LED is installed in Volvo's new EV

Seoul Semiconductor Co. Ltd., a South Korean LED light manufacturer, announced on Tuesday that Volvo's new electric sports utility vehicle (SUV) EX9...

Hyundai Motor seeks remedies after GV70 exclusion from US subsidies

Hyundai Motor Co. is seeking various ways to make its electric vehicles sold in the US qualify for tax credits after its Electrified GV70 was denied...

Hyundai launches marketing offensive in China with N brand

Hyundai Motor Co. will launch its high-performance vehicle brand Hyundai N in China in the second half of the year as part of its offensive on the r...

Hyundai, Kia surpass 100,000 global EV sales in Q1

Hyundai Motor Group's electric vehicle (EV) sales have exceeded 100,000 units in the first quarter of this year, driven by the strong sales of its f...

Hyundai Motor, Kia aim to expand in China through Shanghai Auto Show

Hyundai Motor Co. and Kia Corp., both struggling in China, are aiming for a turnaround there by introducing over 30 new vehicles including those tai...

LG Chem, China’s Huayou Cobalt to build $923 million precursor plant

South Korea’s top chemicals company LG Chem Ltd. and its Chinese partner Zhejiang Huayou Cobalt Co. will launch a 1.2 trillion won ($923 milli...

Indonesia’s slashed EV tax to boost Hyundai’s IONIQ 5 sales

South Korea’s top automaker Hyundai Motor Co. is expected to enhance its presence in Indonesia, which has drastically reduced its value-added ...

Hankook Tire's iON brand wins Red Dot Design Award

South Korean tire maker Hankook Tire & Technology said on Thursday that its electric vehicle (EV) exclusive tire brand, "iON," has secured four ...

Hyundai launches second-generation Kona EV, 417km on a single charge

Hyundai Motor Co. announced on Thursday that it launches the second-generation Kona EV, also known as the The All-New Kona Electric.The Kona Electri...

Tesla Korea’s profit, sales fall on new subsidy plans, lack of models

Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...

POSCO, Honda to cooperate in EV material business

South Korea's POSCO Group and Japan's Honda Motor signed a comprehensive memorandum of understanding (MOU) on Tuesday to expand cooperation in the e...

LS Group' corporate value soars as EV battery market grows

LS Corp., a holding company of South Korea's LS Group, has seen its enterprise value swell by nearly 1 trillion won ($760 million) over the past yea...

Hyundai to spend $18 bn on EVs; Kia breaks ground on first PBV plant

South Korea’s largest automaker Hyundai Motor Group has unveiled its 2030 vision to become one of the world’s top three electric vehicle...

Hankook Tire's iON evo tops Auto Bild's electric car tire test

Korean tire manufacturer Hankook Tire & Technology announced on Friday that its electric vehicle-dedicated high-performance tire, the iON evo, h...

S.Korea's NPS increases stake in Lotte Tour Development

South Korea's National Pension Service (NPS) has increased its stake in Lotte Tour Development Co. to 6.07%, according to an announcement by Lotte T...

KG Mobility focuses on electric vehicle platform, self-driving tech

South Korea's KG Mobility (formerly Ssangyong Motor Co.) says it will actively target not only Europe and the US but also niche markets in emerging ...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Maeil cracks China’s alternative milk market with Starbucks deal

South Korea’s Maeil Dairies Co. has jumped into China’s alternative milk market, worth $17 billion in 2022, by supplying Almond Breeze B...

Time for South Korea's answer to the US battery subsidy act

The latest guidelines on US subsidies for electric vehicles under the Inflation Reduction Act come as a relief in every sense to South Korean batter...

LG Energy tops global EV battery market excluding China

South Korea's LG Energy Solution Ltd. in January and February maintained its No. 1 position on the global market for electric vehicle (EV) batteries...

MBK Partners eyes China’s local consumption: Letter to investors

Private equity giant MBK Partners focused on defending its portfolio last year, especially Chinese companies during the lockdown, while being active...

Lotte Shopping: Resurrected in Indonesia after death in China

JAKARTA – On a hot spring day in March, Lotte Mart’s Gandaria City Mall hypermarket was as bustling with shopping Indonesians as usual.I...

Samsung, SK seek dialogue with China at Boao Forum

BEIJING – The Boao Forum for Asia (BFA) is expected to serve as a venue for the world’s two largest memory chipmakers -- Samsung Electro...

NHN Commerce chosen as imported goods supplier by China's Douyin

NHN Commerce, South Korea's e-commerce platform, announced on Monday that NHN Accommate, its Chinese subsidiary, has been chosen as a supplier of im...

Domestic duty-free sales surpass 1 trillion won in February

Domestic duty-free sales in South Korea increased by 36.7% in February compared to the previous month, due to the resumption of short-term visas for...