Korean govt. pledges W9.7tr policy funding to reduce reliance on Chinese materials

Kia on Tuesday released teaser images of the Kia EV3, the automaker's upcoming all-electric sports utility vehicle slated to hit the global market in the second half of this year. Kia expects the EV3, which will mark the Korean brand's third EV following the EV6 and EV9, to spearhead the mass adoption of EVs as it will be its most affordable model so far. The automaker will unveil the specifications of the EV3 through a global premiere on May 23. (Hyundai Motor Group)

Sales of eco-friendly cars surpassed 100,000 units in the first quarter in South Korea on booming demand for hybrid vehicles, industry data showed Sunday. A total of 101,727 environmentally friendly cars made by five South Korean carmakers, including Hyundai Motor Co. and Kia Corp., were sold during the January-March period, up 8.7 percent from a year earlier, according to the data. Out of this total, 85,828 units, or 84.4 percent, were hybrid cars, soaring 42.4 percent from the same period last

Auto conglomerate increases share in US autonomous driving startup to speed up development

Korean automaker offers 30 fuel cell trucks for California’s zero-emission freight transportation project

Mercedes-Benz Financial Services Korea announced Thursday that Thomas Waggershauser, an automotive finance expert, has been appointed as its new CEO. The new Korea chief is an industry veteran with a career spanning 20 years at Mercedes-Benz Mobility, the financial service company affiliated with Mercedes-Benz Group. Prior to his appointment, he served as the head of overseas and Greater China market management at Mercedes-Benz Mobility in Stuttgart, Germany, where Mercedes-Benz is headquartered

Kia unveiled teaser images of the new EV6 on Thursday. The Korean automaker said the headlamps feature the brand's new "Star-map Signature Lighting" to give more dynamic and futuristic vibes. The new EV6 will be the first product enhancement model of Hyundai Motor Group's first electric vehicle developed on its EV-dedicated platform E-GMP. The existing EV6 was launched in August 2021. Detailed specs of the new EV6 will be released later this month. (Hyundai Motor Group)

Hyundai Motor Company announced Tuesday its commitment to cultivating global talent through a summer internship program designated for international students in Korea, fostering the company’s cultural inclusivity and global market presence. This marks the first time Hyundai Motor has openly recruited international students studying in Korea as interns. The flagship unit of Hyundai Motor Group, the world's third-largest carmaker, aims to blend diverse international perspectives into it

Kumho Tire held a brand experience day at the Vairano Circuit in Milan on April 21 to offer European dealers hands-on experiences with the Korean brand, the tire maker said Monday. The company plans to bolster its presence in the European market even further, as it has seen an average of 20 percent annual growth rate in its regional revenue over the last five years. The Korean tire maker has set out the record-high goal of reaching 4.56 trillion won ($3.3 billion) in annual sales this year after

Chung Euisun holds 1st town hall meeting overseas; highlights India’s strategic importance for expanding EV market, infrastructure

Since mid-March, Korea's leading shipbuilders have seen a significant uptick in their stock prices. Despite a sluggish start to the year due to a saturated order book and limited production capacity, renewed optimism has emerged among investors, possibly due to the anticipated benefits from escalating trade tensions between the US and China, along with the depreciation of the Korean won. Whether the trade war is the exact cause is unclear, particularly due to limited American purchasing pow

Kia said Thursday that it has recently conducted a pilot project to deliver parcels with Spot, a four-legged robot developed by Hyundai Motor Group-backed Boston Dynamics, as the company seeks new business models in advanced logistics. In collaboration with CJ Logistics, Hyundai E&C and robotics startup D.Hive, Kia loaded Spot onto CJ's parcel electric truck. Once the delivery car arrived in a residential area, Spot carried each package to its destined household. (Hyundai Motor Group)

Korea's dark horse in SUVs looks to accelerate global expansion

First ST1 cargo vehicles eye soaring e-commerce logistics market

Samsung SDI is exhibiting its next-generation "super-gap" battery technologies, including all-solid-state batteries and ultra-fast charging solutions, at the 37th Electric Vehicle Symposium & Exposition in Seoul from Tuesday, where it plans to show its ongoing progress in achieving future commercial availability. The event, known colloquially as the "World EV Olympics," has been a key international platform for electric mobility since its inception in 1969. This year mark