Reducing the sticker price on electric vehicles (EVs) is the only way they'll compete in a global auto market still dominated by internal combustion engines.
Polestar, an electric vehicle (EV) company, is close to establishing physical locations in Korea.
Samsung Electronics has notified key clients of price increases of up to 20 percent for contract chip fabrication, following hikes by Taiwanese rival TSMC that are some of the steepest in its history.
Hyundai Motor ranked No. 6 in the global all-electric vehicle market in the first half, a step down from last year.
Tesla Korea has stopped selling its most popular car in Korea due to the lack of inventory.
Kia started sales of its all-electric EV6 SUV Monday, going head-to-head with Hyundai Motor’s Ioniq 5 and Tesla’s Model 3 and Model Y in Korea’s fast growing electric vehicle (EV) market.
Tesla and Apple have long been the most popular foreign stocks for Korean investors — but not anymore.
Tesla rules Korea’s electric vehicle (EV) market, accounting for 43 percent of all passenger EVs sold in the first half of this year.
The Korea Automobile Importers and Distributors Association (Kaida) said its members will have at least 131 eco-friendly models in the country – 53 all electric -- by 2023 to cope with the growing demand for electric vehicles (EVs).
One out of two imported cars sold in Korea this year as of June were either a Mercedes or a BMW models according to sales figure released by the Korea Automobile Importers & Distributors Association (Kaida) on Monday.