Hyundai Motor, Kia, POSCO in dire need of gov't assistance amid Chinese competition
Hyundai Motor, Kia and POSCO are in urgent need of government assistance to thwart escalating pressure from their Chinese counterparts, as more price-competitive electric vehicles (EV) and steel products from Asia’s largest economy will make aggressive inroads into Korea in the era of U.S. President-elect Donald Trump, experts said Monday.
Nov 25, 2024By Lee Min-hyung