car demand

Oasis Corp., a South Korean grocery delivery platform, decided to withdraw its local initial public offering plan on Feb. 13 amid tepid interest fro...

South Korea’s liquefied petroleum gas (LPG) importers such as E1 Corp. and SK Gas Ltd. saw their operating profit skyrocket in 2022, as a surg...

Although global automakers are ramping up efforts to increase sales of pure electric vehicles (EVs), hybrid models remain the preferred choice among...

Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...

LG Electronics Inc. has joined forces with Qualcomm Technology to enhance collaboration in the fields of autonomous driving and advanced driver assi...

South Korea’s antitrust body has preliminarily decided to impose a combined fine of 42.3 billion won ($33.5 million) on four German automakers...

Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...

South Korea's leading ad agency and marketing company Cheil Worldwide has established a corporation in Casablanca, Morocco, in the Maghreb to broade...

NHN Dooray, a provider of online collaboration tools, has signed a memorandum of understanding (MOU) with HandySoft, Inc., South Korea's leading gro...

Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...

The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...

LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain and car lighting units...

Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as the world’s larg...

Hyundai Motor Group was recognized for its overwhelming quality in Germany, which is widely considered the home of automobiles.Hyundai Motor Group s...

A survey revealed that a large number of South Korea's major exporters expect troubles ahead for this year due to rising raw material prices and sup...

The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...

LG Innotek Co. and Samsung Electro-Mechanics Co., two major South Korean suppliers for Apple’s iPhone, on Wednesday reported more than a 60% p...

South Korea's cosmetic original design manufacturer Kolmar Korea said Wednesday that it would establish a cosmetics production base equipped with ar...

Retirement pensions at banks in the fourth quarter of last year emerged as a haven for money that tried to generate a stable return, shunning away f...

South Korean carmaker Hyundai Motor Group accounted for 11.3% of the new car registrations in the UK last year, according to a report that the Socie...

For more than four decades, Japanese automakers, led by Toyota Motor Corp., have reigned as undisputed champions in the Southeast Asian auto marke...

POSCO Holdings Inc., the holding company of South Korea’s top steelmaker, turned to the red in the fourth quarter of 2022 hit by a typhoon and...

Kia Corp. said on Friday that its sport utility vehicle (SUV) Sportage has been named Family SUV of the Year by the British automotive magazine What...

Hyundai Motor Group said on Wednesday that Hyundai IONIQ5, Kia EV6, Kia Telluride, and Genesis GV70 were selected as the 2023 Best 10 Trucks & S...

South Korea's Hyosung Chemical has failed to receive a single purchase order in its demand forecast for corporate bond issuance.Investment banking s...

Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...

Hyundai Motor Co.'s  first fully electric sedan IONIQ 6 has been named the safest family car in Europe.Hyundai Motor on Friday said the Europea...

South Korea’s battery material exports more than doubled to exceed overseas sales of electric vehicle cells last year, helping the country&rsq...

Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has been named Person of the Year by MotorTrend, topping the prestigious US autom...

Hyundai Motor Group on Wednesday said 11 of its products won honors at this year's Good Design Awards of the US.The honors are jointly selected by t...