German logistics giant has high hopes for Korea's e-commerce boom to stay, even post-pandemic

From left: Hanwha Systems CEO Eo Sung-cheol, Korea Airports Corp. CEO Yoon Hyung-joong, Yoon Sang-jik, secretary-general of the Bid Secretariat for World Expo 2030 Busan, SK Telecom CEO Ryu Young-sang and T Map Mobility CEO Lee Jong-ho pose after signing a memorandum of understanding on urban air mobility business to boost Busan’s World Expo bid. If Busan is selected, visitors will be able to hop on the future mobility vehicles to attend Expo events.

Carmaker aims to launch Ioniq 5 N this year for EV racing series

Hyundai Motor Group said Thursday it will start operating at a shopping mall in Kyoto this week, making for its first in Japan outside Tokyo. The Hyundai Mobility Kyoto Shijo store allows visitors to experience the carmaker’s eco-friendly vehicles, including the hot-selling Ioniq 5 and the hydrogen-powered Nexo. The South Korean carmaker has been making a renewed push for a foray into the Japanese market, which has long remained untapped despite an aggressive overseas expansion in recent y

Korea's top EV battery maker vows expansion in burgeoning heavy-duty EV markets in the US, Europe

In Korea, its 4th-largest market, German luxury carmaker shows confidence in widening sales gap with archrival BMW

Kia on Wednesday unveiled the 2024 Niro, a revamped version of the carmaker's top-selling eco-friendly brand. The upgraded Niro comes in both hybrid and fully electric models, with prices starting at 27.1 million won ($22,000) and 48.5 million won, respectively.

Volkswagen Korea will issue a recall of more than 67,000 vehicles and has suspended all new car sales due to faulty warning triangles, a car accessory to warn drivers after emergency stops, a move experts here called an unprecedented precautionary measure after the firm's painful “Dieselgate” back in 2015. The Korean unit of the German carmaker said Tuesday a total of 67,459 vehicles across seven different models will be affected by the recall. The recall schedule has not been

South Korean battery giant LG Energy Solution’s stocks stood strong on Monday, despite the end of a year-long lock-up period. The company’s shares rose by 0.79 percent to 510,000 won ($415.5) from the last trading day, according to the bourse operator Korea Exchange. The stocks tumbled by 3.16 percent to 490,000 won at one point in the morning but ticked upwards approximately one hour before the closing bell. Foreigners and institutions each bought 29.1 billion won and 15.9 billion w

Samsung SDI said Monday it posted record-high earnings in both sales revenue and operating profit last year, largely driven by the surge in sales of value-added battery products. Revenue skyrocketed 48.5 percent to 20.1 trillion won ($16 billion) last year, while its operating profit jumped 9 percent to 1.8 trillion won. It is the first time sales have reached the 20 trillion won mark. Operating profit soared to new heights as well, surpassing the 1 trillion won mark for the second consecutive

Korean chief hints at producing EVs at Korean plants in the future

SsangYong, Renault, GM fight to defend 10% market share; South Korea still remains as ‘test bed’ for global carmakers, experts say

S. Korean automaker sets target to sell 3.2m units worldwide in 2023

Carmaker turns to EV lease market in US to cope with subsidy cuts

Hyundai Motor Group recorded double-digit market share last year in 10 European countries, stepping up as the fourth-largest carmaker to have sold battery-powered electric vehicles, data showed Wednesday. Hyundai and its affiliate Kia sold a total of 96,988 EVs with a 10 percent market share in 10 countries including Germany, Norway, the Netherlands, Sweden and Spain, according to the US-based automotive market tracker Clean Technica. These markets account for 64 percent of the total EV sales