S.Korea, US agree on simplified EV charger export procedure
South Korean companies looking to export electric vehicle chargers to the United States can now receive local certification more conveniently within...
S.Korea’s SoluM joins Vietnam's largest EV charging project
SoluM Co., a South Korean mid-sized electronic component maker, said on Wednesday that it signed an agreement with PetroVietnam Power Corporation, a...
POSCO beats Lotte to join S.Korea’s top 5 conglomerates
Steel giant POSCO has joined the ranks of South Korea’s top five conglomerates for the first time, supported by strong earnings from its recha...
Korean auto parts makers’ earnings ride on electrification push
South Korea’s major automotive parts makers are expected to post decent growth in their first-quarter sales and earnings on the back of their ...
Hyundai Wia commercializes autonomous logistics robots
Hyundai Wia, the second-largest auto parts supplier in South Korea after Hyundai Mobis, announced on Tuesday that it will begin commercializing auto...
HMM, Lotte Fine Chemical to partner for ammonia sea transport
South Korea's HMM Co. and Lotte Fine Chemical Co. have formed a partnership to transport and supply next-generation environmentally friendly fuel, a...
SK On to spend $352 million to mass produce solid-state batteries by 2028
South Korean battery maker SK On Co. said on Monday it will spend 470 billion won ($352 million) to begin mass production in 2028 of solid-state bat...
EcoPro sets sights on Europe with $286 million cathode plant in Hungary
South Korea’s EcoPro Co., a leading battery materials maker, has begun construction of a 380 billion won ($286 million) cathode plant in Hunga...
Hyundai ties up with LG, SK for $5.3 bn US EV cell plants
Hyundai Motor Group, the leading South Korean automaker, has joined hands with LG Energy Solution Ltd. and its smaller rival SK On Co. to build elec...
Hyundai Mobis aims to win $1 bn in China orders in 2023
South Korea's leading auto parts supplier Hyundai Mobis announced that it will win $1 billion this year in China, the world's largest electric veh...
Korean battery players LG, Samsung, SK sweep US EV tax credits
It has long been talked about and finally confirmed: South Korean battery companies are well-placed to benefit from the strengthened requirements of...
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...
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...
Korean banks’ profits hamstrung by tighter rules, consumer behavior
South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are ...
Korail wins $13 million consulting project for Philippines' railway
South Korea's state-run railway company Korea Railroad Corporation (Korail), announced on Monday that it has secured a consulting contract to manage...
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...
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 ...
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...
Samsung to transfer proprietary technologies to SMEs for free
Samsung Electronics Co. has partnered with South Korean government to transfer patented technologies free of charge in an effort to support the grow...
SK Energy opens S.Korea's first hydrogen charging station for large trucks
SK Energy is the first company in South Korea to launch a station for charging large hydrogen-powered trucks. The company on Sunday said it held a c...
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...
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...
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...
