LG Energy's $6.5 bn EV battery supply deal with Ford terminated

LG Energy Solution Ltd. said on Wednesday that its long-term electric vehicle battery supply agreement with Ford Motor has been terminated following...

SK On to build LFP battery plant in Korea for ESS output, targeting $13.5 billion govt projects

SK On Co., a major South Korean battery maker, has decided to build the country’s largest domestic production line for lithium iron phosphate ...

Korea’s petrochemical shakeout accelerates as YNCC moves to shut plant

South Korea’s long-stalled effort to restructure its petrochemical industry is set to gain fresh momentum as Yeochun NCC (YNCC) shareholders h...

Ford, SK On to unwind BlueOval JV amid prolonged EV slump

Ford Motor Co. and South Korea’s battery maker SK On Co. are dismantling one of the most ambitious battery alliances formed during the US EV b...

GM Korea’s vehicle sales collapse to record low as Chinese EV maker BYD pulls ahead

The South Korean affiliate of US auto giant General Motors Co. saw its vehicle sales in November fall below 1,000 units – the lowest figure si...

Zeekr joins Chinese peers BYD, XPeng to push into South Korea's EV market

China’s Zeekr, the premium electric vehicle brand under Geely Automobile, on Tuesday signed its first dealer agreements with Korean companies,...

POSCO International injects extra $862 mn into Singapore-based Agpa

POSCO International Corp., the energy and trading arm of steel giant POSCO Holdings Inc., has injected an additional 1.26 trillion won ($862 million...

Hyundai Motor Group to build $2.7 bn EV mother factory in S.Korea

Hyundai Motor Group, the world’s third-largest automaker with 7.23 million vehicles sold last year, will invest 4 trillion won ($2.7 billion) ...

Samsung E&A wins $475 mn contract to build low-carbon ammonia plant in US

Samsung E&A Co. has secured a contract worth $475 million (680 billion won) to build a low-carbon ammonia production plant in the US, marking it...

Kia gears up electrification with new EV models and factory upgrades

Kia Corp., South Korea’s second-largest automaker, is accelerating its transition toward electrification, unveiling plans to add new electric ...

OCI invests $78 mn in Vietnam wafer plant for US solar expansion

South Korean solar cell company OCI Holdings Co. is deepening its advance into the US clean energy market with a $78 million investment in a wafer m...

Korea’s steel industry set to suffer further as EU plans to cut import quotas, double tariffs

South Korea’s steel industry is expected to take another hit as the European Union plans to tighten restrictions on steel imports by cutting t...

Hyundai cuts IONIQ 5 prices in US to deal with end of EV tax subsidy

Hyundai Motor Co., South Korea’s top automaker, on Wednesday lowered the prices of the IONIQ 5 lineup in the US to as automakers in the world&...

POSCO International builds Polish motor core plant; Mexico factory due by year-end

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Thursday that it has inaugura...

Korea’s battery materials maker Enchem scraps $143 mn US plant plan

Enchem Co., a South Korean battery materials maker, has scrapped its plan to invest $143 million to build a plant in the US due to the protracted do...

Korean pharmaceuticals, another victim of Trump tariffs

WASHINGTON, D.C./SEOUL – US President Donald Trump plans to impose 100% tariffs on any branded or patented pharmaceutical products, unless a c...

XPeng to drive into South Korea, fueling Chinese EV incursion

XPeng Inc., often referred to as China’s Tesla, is set to open a local unit in South Korea, where its Chinese electric vehicle peers, BYD Co. ...

Celltrion buys Eli Lilly’s New Jersey plant for $330 million

Celltrion Inc. confirmed Tuesday it has agreed to acquire Eli Lilly and Company’s plant in Branchburg, NJ, for about 460 billion won ($330 mil...

POSCO, ReElement look to build integrated rare earth, magnet production plant in US

POSCO International Corp. has signed a memorandum of understanding (MOU) with ReElement Technologies LLC to cooperate on building an integrated rare...

Seoul considers Korean version of IRA tax credit to offset US tariff impact

South Korea is considering introducing production tax credits for domestic companies hit by US tariffs, in a move analysts describe as a de facto su...

Hyundai E&C lands $3 bn seawater treatment plant deal in Iraq

Hyundai Engineering & Construction Co. (Hyundai E&C), the construction company under South Korea’s Hyundai Motor Group, has bagged a $...

Detained Koreans return home; Raid likely to delay US battery plant by 3 months

More than 300 South Koreans who were detained in a massive immigration raid on a battery joint venture between Hyundai Motor Co. and LG Energy Solut...

South Korea’s Duguru picks Singapore for global debut

Duguru, a Seoul-based specialist known for blending plants with interior design, is gearing up for global expansion by bringing Korean-style landsca...

US raid on Hyundai-LG plant seen as 2026 midterm gambit

NEW YORK – A surprise raid by US Immigration and Customs Enforcement (ICE) on a Hyundai-LG battery plant project in Georgia may be part of the...

Hyundai Motor Group launchs 1st EV-only production lines in Europe

Kia Corp. on Aug 20 launched production of the compact electric sedan EV4 at its plant in Žilina, Slovakia. The EV4 represents Kia's first Europe-bu...

POSCO, JSW to build 6 million-ton steel plant in India

South Korea’s largest steelmaker POSCO Group has agreed with JSW Steel Ltd. to build an integrated steel mill with an annual capacity of 6 mil...

Hyundai, Kia take crown as Saudi Arabia’s best-selling cars in H1

Hyundai Motor Co. and Kia Corp.'s subcompact models took the top two spots in Saudi Arabia’s automobile market in the first half of this year ...

Hyundai speeds up Africa-Middle East drive with Algeria plant

Hyundai Motor Co. plans to build an auto manufacturing plant in Algeria, the South Korean auto giant’s fourth in Africa, accelerating its expa...

South Korea’s EV sales jump, hinting at end to market slump

South Korea’s electric vehicle market is showing signs of recovery after a prolonged slowdown, with both new and used car sales rebounding fas...

Hyundai to roll out 1st electric SUV tailored for China in September

Hyundai Motor Co. is set to unveil its first electric sports utility vehicle designed for the Chinese market in September to stage a comeback in the...