LG Electronics is expanding its auto chip offerings, building up what has been a small part of its business to seize opportunity presented by the semiconductor shortage.
The number of cars sold in Korea fell in 2021, but by sales amount, the figure increased and hit an all-time high.
Hyundai Motor’s all-electric Ioniq 5 took the crown in a performance evaluation by Germany’s auto magazine Auto Bild.
Korea's exports of autos rose to the highest point in seven years last year due to the low base effect and strong demand for eco-friendly cars, customs data showed Thursday.
Hyundai Motor Group achieved record-breaking sales in the United States and Europe last year -- while floundering in China.
A rocket using homegrown technology blasted off on Oct. 21 and made it into space, a major milestone in Korea’s decades-old efforts to make it into space.
Automakers are coming up with survival plans to endure persistent chip shortages.
Hyundai Glovis has signed a 501.8 billion won ($424 million) deal with a global automaker to transport vehicles, the biggest sea transport deal it has signed.
Posco International signed a third supply contract with Rivian for its electric vehicles.
A cut in the consumption tax on car purchases has been extended for another six months, through June next year, as the government seeks to stimulate economic growth and help buyers who will not get their orders until 2022 due to supply-chain issues.