Korea Joongang Daily
Korea JoongAng Daily

Hyundai back in limbo as Trump threatens to restore 25% tariffs for ‘not living up to deal’

U.S. President Donald Trump’s abrupt intent to raise tariffs on Korean-made automobiles back to 25 percent has reignited fears of a mounting cost shock for Hyundai Motor, threatening to saddle it with more than 4 trillion won in additional expenses.

2026-01-27

GM brings luxury GMC models to Korea as exit rumors persist

GM Korea brought three luxury models from its GMC lineup to the Korean market on Tuesday, a move that comes amid speculation over a possible pullout following U.S. President Donald Trump's imposition of tariffs on Korean automobiles.

2026-01-27

Tesla, GM’s efforts to decouple from China test Korea’s supply chain readiness

As global carmakers like Tesla and General Motors successively declare a shift away from Chinese-made components, a long-muted sense of optimism is emerging for Korea’s battery and parts makers like LG Energy Solution, Samsung SDI and LG Innotek.

2025-12-23

Is Ford’s pullback from LG Energy a warning shot for Korean battery makers?

The fallout from Ford Motor’s decision to terminate a $6.5 billion supply contract with LG Energy Solution has sent shock waves through Korea’s battery industry, stoking fears of broader contagion.

2025-12-18

Korea faces dark road ahead as U.S. auto imports skirt strict safety standards

From Tesla’s Full Self-Driving suite to GM’s Super Cruise, a wave of U.S. automotive technologies — only recently seen on Korean roads — has swelled on the country's roads, despite falling strikingly short of Korea’s safety standards.

2025-12-16

GM showcases mobility vision, technologies at Korean expo

GM Korea said Thursday that its parent company, General Motors, is taking part in a Korean mobility expo to present its future vision for electrification and key next-generation technologies.

2025-10-23

Automakers ramp up promotions before early end of EV tax credit

With the United States ending its $7,500 electric vehicle (EV) tax credit at the end of September, automakers are scrambling — slashing shipments, ramping up last-minute promotions and planning low-cost EV launches.

2025-08-17

Facing tariff-fueled price war, Hyundai, GM forge alliance on five new models

Hyundai Motor and General Motors will jointly develop five new vehicles slated for release in 2028, an unusual collaboration between fierce market rivals, in a strategic bid to drastically reduce costs amid a tariff-driven price war.

2025-08-07

General Motors sells off all Korean service centers amid exit rumors

GM Korea is selling service centers and assets in a potential exit from Korea, primarily due to heavy tariffs affecting its business, while continuing to support customers.

2025-05-28

Why GM and Ford struggle in Korea: Trump blames rules, consumers say otherwise

Trump blamed Korea’s 'unfair' regulations as “trade barriers” that hinder the U.S. automakers’ expansion, while local consumers point elsewhere: outdated specs, weak after-sales service and a poor understanding of Korean drivers’ preferences.

2025-05-26