Companies

Tesla's dominance in Korea challenged by cheaper EVs

Tesla’s strong growth in Korea is now being threatened by a wave of competitively priced EVs from rivals like Volvo and Kia.

Mar 3, 2025By Lee Min-hyung

Tesla's dominance in Korea challenged by cheaper EVs

BYD Korea hits snag over delayed vehicle delivery

BYD Korea hits snag over delayed vehicle delivery

BYD Korea has hit an unexpected snag after failing to meet the timeline for the delivery of its Atto 3 flagship electric SUV, as the vehicle did not pass an updated subsidy rule set by the local environmental authority.

Mar 3, 2025By Lee Min-hyung

BYD Korea hits snag over delayed vehicle delivery

Tesla's dominance in Korea challenged by cheaper EVs

POSCO bolsters LNG supply with high manganese steel

GWANGYANG, South Jeolla Province — Red-hot steel slabs heated to 1,200 degrees Celsius were conveyed on rollers below gigantic press machines at POSCO's steel mill in the southern port city of Gwangyang on Wednesday.

Mar 3, 2025By Park Jae-hyuk

POSCO bolsters LNG supply with high manganese steel

HD Hyundai collaborates with Palantir, Siemens for AI-based shipbuilding

Shipbuilder HD Hyundai is bolstering its partnerships with global tech companies to implement artificial intelligence (AI) and digital twin into its business and shipyards in Korea.

Feb 28, 2025By Ko Dong-hwan

HD Hyundai collaborates with Palantir, Siemens for AI-based shipbuilding

Hyundai Motor president named 2025 MotorTrend Person of the Year

Hyundai Motor President and CEO Jose Munoz has been named this year’s Person of the Year by the top automotive magazine MotorTrend, in recognition of the carmaker’s record growth in the North American market.

Feb 28, 2025By Nam Hyun-woo

Hyundai Motor president named 2025 MotorTrend Person of the Year

Hyundai Engineering chief apologizes over fatal highway construction accident

The head of Hyundai Engineering issued an apology Friday in response to a fatal collapse accident at an expressway construction site earlier this week.

Feb 28, 2025By Yonhap

Hyundai Engineering chief apologizes over fatal highway construction accident

Police, labor ministry raid Hyundai Engineering over fatal highway construction site accident

Kia debuts EV4, PV5, EV2 concept in Spain

Kia unveiled the EV4, PV5 and EV2 concept at the brand’s 2025 EV Day in Tarragona, Spain, Thursday (local time). The three new models mark the latest phase of Kia’s electrification strategy and underscore its commitment to energizing the global electric vehicle (EV) market.

Feb 27, 2025By Nam Hyun-woo

Kia debuts EV4, PV5, EV2 concept in Spain

Data of 1.5 mil. GS Shop customers breached

Major retail company GS Retail said Thursday that the personal information of about 1.58 million customers was leaked from its home shopping website, GS Shop.

Feb 27, 2025By Ko Dong-hwan

Data of 1.5 mil. GS Shop customers breached

KOTRA shifts focus to Global South amid trade tensions

The Korea Trade-Investment Promotion Agency (KOTRA) will reinforce its operations in certain developing nations called the Global South, in line with the government's plan to help exporters diversify the market in response to the escalating global trade tensions.

Feb 27, 2025By Park Jae-hyuk

KOTRA shifts focus to Global South amid trade tensions

LX Hausys expands US presence at kitchen, bath show

Housing materials maker LX Hausys is expanding its presence in the United States, exhibiting its advanced surface materials at the Kitchen & Bath Industry Show (KBIS).