News
Hyundai Motor Affiliates Union Alliance Plans July General Strike Under New Law
3+ day, 5+ hour ago (468+ words) This is unprecedented. Since Chairman Chung took office in" October of 2020, Hyundai Motor Group has seen strikes carried out separately at the individual affiliate level, but it has never seen collective action taken simultaneously in this way. In that case,…...
China Is Now No. 2 Auto Exporter After Germany
1+ week, 1+ day ago (613+ words) Businesskorea Chinese automakers are expanding beyond emerging markets and pressuring Korean and Japanese automakers China's automobile industry has risen to a level comparable to the world's No. 2, overtaking Japan. The Bank of Korea (BOK) assessed that China's automakers could further…...
Hankook Strengthens Motorsport Presence at the 2026 Racing Event in Australia
1+ week, 1+ day ago (417+ words) Hankook Strengthens Motorsport Presence at the 2026 Hi-Tec Oils Bathurst 6 Hour'Businesskorea Total 69 cars competed across multiple classes at Mount Panorama Hankook Tire & Technology (Hankook) announced that Hankook Tyre Australia successfully participated in the 2026 Bathurst 6 Hour as the official tire supplier. The…...
EV Demand Slowdown Deepens Profitability Hit for Korean Battery Makers
1+ week, 4+ day ago (367+ words) LG Energy Solution, Korea's top battery maker, failed to escape its quagmire of losses in the first quarter of this year. As profitability has sharply deteriorated due to a prolonged slowdown in electric vehicle (EV) demand, known as the "chasm…...
Global EV Battery Use Rises While Korea's Top Three Slip
1+ week, 4+ day ago (267+ words) Despite the electric vehicle "Chasm" (a temporary stagnation in demand), global EV battery usage continued to grow, while the market share of Korea's three major battery companies showed a decline. According to energy market research firm SNE Research on April…...
1 Million Made-in-China Cars Sold in Europe Last Year, Getting 7% Market Share
1+ week, 5+ day ago (632+ words) Businesskorea EU imports of China-made vehicles surge to 7% market share, pressuring Korean and Japanese brands who stayed with just 3% and 4%, respectively The market share of Chinese-made cars in the European automotive market is surging, putting pressure on the standing of…...
Tesla Tops 10, 000 Monthly Imports in Korea
2+ week, 1+ day ago (406+ words) Tesla has become the first imported car brand in history to exceed 10, 000 units in monthly sales. It also set a new record as electric vehicle sales surpassed those of hybrid vehicles for the first time. The Korea Automobile Importers & Distributors…...
LG Energy Solution Joins SDVerse Automotive Software Marketplace
2+ week, 1+ day ago (349+ words) LG Energy Solution announced on April 3 that it has become the first battery manufacturer to join the vehicle software (SW) open market platform "SDVerse." The company plans to accelerate its push into the software-defined vehicle (SDV) market by disclosing five…...
Hankook Tire Triumphs in the Auto Bild and Av D Summer Tire Tests
2+ week, 4+ day ago (752+ words) Businesskorea Double victory with the highest rating "Exemplary" for the Ventus evo in the Auto Bild and Auto Bild allrad summer tire tests Hankook Tire & Technology (Hankook Tire) has demonstrated the outstanding product quality of its summer tire lineup, as…...
Korea, China, Japan Battle for Southeast Asia's Car Market in Their Own Ways
2+ week, 5+ day ago (621+ words) Businesskorea Korean firms expand supply chains while China pushes affordable EVs and Japanese manufacturers defend market with hybrid strategy Korean, Chinese, and Japanese automakers are engaged in a three-way competition for the Southeast Asian market. While Korean companies focus on…...