Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

Seoul, once-rising art hub, feels pinch of global strains  

In Seoul’s Hannam district, the storefront that once housed Various Small Fires (VSF) now sits empty, a “For Rent” sign taped to i...

NPS to mull responsible investment system for alternative investments

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is poised to consider expanding its responsible in...

US finalizes $4.7 bn chip subsidy for Samsung before Trump takes office

WASHINGTON – The US finalized a $4.7 billion government subsidy for Samsung Electronics Co.'s planned microchip facilities in Texas about a mo...

S.Korea to restructure ailing petrochemical industry

South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rivals and oversupply by ...

Korean EV, battery makers to suffer from Trump’s plan to end incentives

WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...

Toss Securities names Richard Hagen as CEO of TSAF

South Korea's Toss Securities said on Tuesday that it has appointed Richard J. Hagen as CEO of its US subsidiary, TSA Financial LLC (TSAF), and plan...

Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia

Hyundai Mobis Co., the world’s fifth-largest auto parts maker, agreed to invest some 350 billion won ($256.9 million) in building electric veh...

S.Korea’s reshoring companies pale amid lack of support, incentives

Reshoring, or a corporate U-turn to the home country from an overseas location, has been the global trend since the outbreak of the COVID-19 pandemi...

Solus signs incentive agreement with Quebec

Solus Advanced Materials, a South Korean copper foil supplier, said on Friday that its overseas subsidiary Volta Energy Solutions Canada signed an i...

S.Korea to offer incentives to attract foreign scientists

South Korea will offer incentives including a 50% income tax cut to attract foreign scientists to develop new growth drivers such as artificial inte...

Kia ranks first in customer satisfaction in India

Kia Corp. said on Tuesday that it ranked first in the mass-market brand category in the customer experience index survey recently released by India'...

Kumho Tire holds Latin American dealer convention

South Korea's Kumho Tire Co. announced on Friday that it held the Kumho Dealer Convention event from July 20 to 22 in Sao Paulo, Brazil, inviting ab...

Korea's bet on US assets up on bull stocks, EV incentives

South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...

Korea may mandate pension plans for all workplaces from 2025

South Korea is seeking to introduce corporate pension plans to all workplaces in stages starting next year, alongside mandatory contributions to the...

Doosan Robotics opens Europe office in Germany

South Korea's Doosan Robotics Inc. announced on Monday that it opened the Doosan Robotics Europe office in Düsseldorf, Germany.The Doosan Robot...

South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China

South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...

LG Electronics hosts 'LG Showcase 2024' in UAE

LG Electronics Inc. announced on Friday that it hosted a new product showcase event called "LG Showcase 2024" in Abu Dhabi, United Arab Emirates, fr...

Korea announces measures to upvalue local shares

The South Korean financial regulator announced basic guidelines under the so-called corporate value-up program on Monday, with measures to boost the...

Shinhan Card Kazakhstan arm attracts $24 mn investment

Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a 31 billion won ($24 million) investment from local car de...

Hyundai Motor clinches top spot in Indian dealer satisfaction study

South Korea’s Hyundai Motor Co. has emerged as the leader in India’s mass-market satisfaction segment, according to an annual survey by ...

S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers

South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...

Deal reached on LG-Stellantis battery plant subsidy; construction resumes

All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...

LG Energy to expand EV battery care with 7 imported car dealers

South Korea's LG Energy Solution Ltd. has teamed up with seven imported car dealers in the country to expand the company's electric vehicle (EV) b...

Kia offers up to $7,500 in incentives in US for leasing EV6

South Korea's Kia Corp. is offering discounts of up to $7,500 in the US for leasing its electric compact crossover SUV line EV6 to boost its price c...

Korean battery firms seek benefits from US EV incentive details

South Korea’s battery industry has high hopes for details on requirements for US tax credits on electric vehicles to be announced this week as...

Lotte to produce clean ammonia in US with CF Industries

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

Epikar inks MOU with Singapore's NTU Research Center

South Korea's auto distribution digital solutions company Epikar said on Wednesday that it has signed a memorandum of understanding (MOU) for R&...

Korea proposes bigger tax breaks for chipmakers, key industries

The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...

Korea plans to raise tax breaks for chipmakers, key industries

The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...