VCs give thumbs up to EV, parts/materials, travel tech

The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...

POSCO International wins $761 mn EV parts supply deal from US carmaker

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has won a 1 trill...

Hyundai Mobis raises $940 mn via loan for EV parts plants in US

Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...

Used electric vehicle prices drop in Korea with declining EV appeal

Prices of secondhand electric vehicles are falling in South Korea as drivers are increasingly less enchanted with eco-friendly vehicles due to weak ...

LX International to buy Indonesia's PT AKP for nickel mining

LX International Corp., the trading unit of South Korea’s LX Group, said on Tuesday it is slated to acquire a 60% stake in Indonesian miner PT...

LG Energy, SK On to delay battery JVs with Ford as demand slows

South Korea’s leading battery makers are postponing their plans to start operations of their joint ventures with Ford Motor Co. as the growth ...

SK On signs deal to supply NCM battery cells to Sweden’s Polestar 5 EV

SK On Co., the battery-making affiliate of South Korea’s SK Group, has signed a deal to supply nickel-cobalt-manganese (NCM) battery cell modu...

Heerim wins design contract for Hyundai Motor's Saudi plant

South Korea's Heerim Architects & Planners said on Monday it secured the architectural design contract for Hyundai Motor Co.'s new automobile as...

SK Innovation targets profit from EV battery unit in Q4

SK Innovation Co., South Korea’s top energy company, said its electric vehicle (EV) battery subsidiary aims to turn to the black in the fourth...

Hyundai Motor, Kia's US electric vehicle sales at record-high in October

South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...

Hyundai Motor Group units’ profits double as Chung enters 4th year

South Korea’s Hyundai Motor Group saw the combined operating profit of its 11 affiliates more than double in the third quarter as Chairman Chu...

Hyundai bets big on deep discounts to survive EV plateau

Hyundai Motor Co. is going all out to revive drivers’ interest in electric vehicles with significant price cuts in the US, the world’s s...

Hyundai’s record Q3 profit beats Samsung; no EV output cut planned

Hyundai Motor Co. on Thursday posted its highest-ever quarterly operating profit for the July-September period, driven by robust sales of pricey car...

LG Energy Solution to start producing cheaper EV batteries

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to manufacture cheaper EV batteries such as lithium ...

Hyundai Motor chief aims to revive grandfather’s spirit in Saudi Arabia

Back in the 1970s, the Middle East was where many South Korean companies longed to be as the region was the country's main source of foreign income....

Mobile carrier LG Uplus makes inroads into EV charger market

LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...

KG Mobility to develop Level 3 autonomous driving system

South Korea's KG Mobility Corp. announced on Tuesday it partnered with domestic autonomous self-driving software firm Autonomous a2z. The two c...

SK Telecom, Mars Auto to advance self-driving large trucks

South Korea's SK Telecom Co. signed a memorandum of understanding (MOU) on Monday with the autonomous driving startup Mars Auto for cooperation in t...

Hanwha Aerospace, KATECH to collaborate on hydrogen fuel cell

South Korea's Hanwha Aerospace Co. announced on Monday it signed a memorandum of understanding (MOU) with the Korea Automotive Technology Institute ...

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Samsung showcases HBM3E DRAM, automotive chips

SILICON VALLEY -- Samsung Electronics Co. on Friday showcased a number of new-concept, next-generation DRAM chips, including the industry’s mo...

China’s graphite export curbs deal blow to Korean battery sector

South Korean electric vehicle battery and battery component makers are fretting over the Chinese government’s impending restrictions on export...

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Samsung eyes next-generation 5 nm eMRAM auto chip by 2027

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it aims to develop a next-generation 5-nanometer-processed aut...

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

POSCO Int’l completes Mexico EV motor core plant for N.American market

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., concluded construction on an electric...

Samsung vows to up memory chip density to 'extreme levels'

Samsung Electronics Co.'s memory chip head said on Tuesday the world’s top memory chipmaker will increase the memory density of its DRAM and N...

Korean cars' gap vs. Japanese to narrow in UAE under CEPA

South Korean carmakers are expected to rapidly catch up to their Japanese rivals in the United Arab Emirates (UAE) after their home country and the ...

LG Innotek gains int'l licensor status for EV charging tech

South Korean electronic parts maker LG Innotek has received global recognition for its international standard patents for electric vehicle (EV) char...

LG Energy barely fends off CATL in global EV battery market

LG Energy Solution Ltd. retained the top position in the global electric vehicle battery market excluding China in the first eight months of this ye...