Six auto companies, including Mercedes-Benz Korea and Kia, will recall 62,967 vehicles over faulty components, the land ministry said Thursday.
President Yoon Suk-yeol spoke with Elon Musk Wednesday and discussed the possibility of building a Tesla factory in Korea. Yoon first mentioned the possibility of a Tesla factory being built in Korea and Musk responded positively.
Korean electric vehicle (EV) battery makers are losing their share in the global market as Chinese competitors grow at a rapid pace.
Mirae Asset Financial Group is in talks to fund 300 billion won ($210 million) in Elon Musks’ acquisition of Twitter.
A government delegation on Monday traveled to Washington to protest the recently-passed U.S. Inflation Reduction Act (IRA). Minister of Trade, Industry and Energy Lee Chang-yang on Monday said the IRA might violate the FTA and WTO rules.
LG Innotek is in talks with Tesla to supply the automaker with camera modules, according to the Korean electronics component maker on Thursday.
LG Chem’s net profit dropped 54.1 percent on year to 718.3 billion won ($547 million) in the second quarter as business was interrupted by the global logistics crisis and lockdowns in China.
For more than a decade, Tesla has reigned supreme in electric vehicle (EV) land. That is changing fast as it loses its No. 1 spot.
LG Energy Solution will invest 730 billion won ($568 million) to expand EV battery production capacity at its Ochang plant in North Chungcheong, the company said Monday. This will include building new facilities as well as an expansion of ...
Samsung Electro-Mechanics is in talks with Tesla to supply camera modules, according to the Korean electronics component maker on Thursday.