SK Networks is selling SK Rent-a-Car, a car rental company, to Hong Kong-based Affinity Equity Partners for around 850 billion won ($610 million).
Businesses seeking to avoid drawing attention with bright green license plates are underreporting the cost of imported vehicles.
Hydrogen car registration in Korea has outpaced charging infrastructure in most of the nation.
Seventeen people were injured after a multiple-car crash occurred in Seongbuk District, northern Seoul, on Friday morning.
Kia's EV9 won Car of the Year and World Electric Vehicle at the New York International Auto Show. Hyundai Motor's Ioniq 5 took World Performance Car.
The Bank of Japan raised its interest rates for the first time in 17 years, which analysts expect to impact the competitiveness of Korean products and corporate products. Effects on semiconductors will likely be minimal.
Two drivers were injured after their trucks crashed on the Seoul-bound lanes of the Gyeongbu Expressway in Gyeonggi on Tuesday morning.
Kia’s EV9 is named the UK Car of the Year by a jury made up of 30 journalists working across the United Kingdom on car, business and technology publications.
Hyundai Motor is offering up to 4 percent of the sale price as compensation, plus an additional 500,000 won off a new EV.
Older adults in Korea are buying more cars, while younger adults are purchasing fewer.
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