Hyundai Motor steps up autonomous driving push as Chairman Chung backs software unit 42dot

South Korea’s Hyundai Motor Co. is accelerating its push into autonomous driving, with Executive Chairman Chung Euisun pledging stronger suppo...

Korean retail investors earn 32% on domestic stocks in 2025, outpacing global equities

South Korean retail investors focused on domestic equities have significantly outperformed those investing in overseas stock markets this year, supp...

Hyundai Rotem nears $2 bn armored vehicle supply deal with Peru

Hyundai Rotem Co. has signed a tentative agreement with Peru's national defense company to supply a total of 195 armored vehicles, South Korea's pre...

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...

Seoul taps Mirae Asset's Park, Celltrion's Seo to co-lead $102 bn National Growth Fund

South Korea has asked two of its most prominent billionaire entrepreneurs – Mirae Asset Group Chairman Park Hyeon-joo and Celltrion founder Se...

Hyundai, Kia take fresh crack at Japan market, long dubbed ‘graveyard for imported vehicles’

South Korea’s two largest automakers, Hyundai Motor Co. and Kia Corp., are making a bold push into the Japanese market, long dubbed a “g...

Hyundai, Kia set record US sales in Q3 as green cars defy tariff threat

Hyundai Motor Co. and Kia Corp. posted record quarterly sales in the US in the third quarter, thanks to strong demand for hybrids, electric vehicles...

South Korea to share monthly FX intervention data with US

South Korea and the US struck a new foreign-exchange policy accord that officials in Seoul said could lay the groundwork for a prompt bilateral curr...

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, GM to co-develop five brand new vehicles, seek joint sourcing

Hyundai Motor Co. and General Motors Co. will jointly develop five brand new vehicles and source materials and car components, the two companies sai...

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

LG Group executives to meet with Honda CEO to explore partnership

LG Group is accelerating its efforts to build a partnership with Honda Motor Co. as South Korea's fourth-largest conglomerate beefs up its automotiv...

Now, it’s K-vehicle: KG Mobility, Kia lead S.Korea’s military vehicle exports

South Korea’s once domestically focused automakers are making significant inroads into the global defense sector, with a string of recent cont...

Korean pension funds, insurers seek customized investment vehicles

South Korean institutional investors are increasingly interested in separately managed accounts (SMAs) that offer customized strategies, as well as ...

Greystar hires ex-Samsung SRA manager to launch Seoul office

Greystar Real Estate Partners, the largest housing investment firm in the US, has hired Kang Junghwan, former managing director and head of portfoli...

Hyundai Motor, PIF break ground on Saudi Arabia plant

Hyundai Motor Co. has joined forces with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, to build its first manufactur...

Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia

Prices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with used models like Hyundai Motor Co.'s Pa...

BMW surpasses Mercedes in Korean sales for 1st time in 10 years

The top five imported car brands in South Korea underwent a major shake-up last year. BMW overtook Mercedes-Benz in sales for the first time in a de...

Kia maintains double-digit margin in Q1 with record revenue

Kia Corp., South Korea’s second-largest automaker, extended its double-digit profit margin streak to a 10th consecutive quarter, posting recor...

South Korea’s renewed stock market darlings: Weapons makers

South Korea’s defense industry is once again capturing investor attention, as exports of tanks, armored vehicles and other weapons systems soa...

Samsung expands automotive MLCC supply to BYD, other Chinese firms

Samsung Electro-Mechanics Co. is supplying several million dollars' worth of multilayer ceramic capacitors (MLCCs) to BYD Co. and Chinese automotive...

Kia to build North America-targeted electric pickup model

Kia Corp., South Korea’s second-largest carmaker, will build an electric pickup model tailored for North America to enter the world’s la...

Hanwha Aerospace, General Atomics to build unmanned aerial vehicles

Hanwha Aerospace Co., a leading South Korean defense company, has joined forces with US-based General Atomics Aeronautical Systems Inc. (GA-ASI) to ...

Korea’s KG Mobility teams up with Chery to develop mid to large SUVs

KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...

Hyundai Steel picks Donaldsonville as $5.8 bn US plant site, seeks investors

South Korea’s Hyundai Steel Co. has chosen Donaldsonville, Louisiana, as the location for its $5.8 billion US steel mill, marking a major stra...

Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...

LG Group units step up joint marketing for in-vehicle electronics

Chief executives of LG Group’s key units, including LG Electronics Inc., will visit the headquarters of global carmakers for a series of close...

Kia to ramp up Seltos output to meet high global demand

Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...

Hyundai, Avride join hands to develop autonomous robotaxis

Hyundai Motor Co. has agreed to partner with Avride, an autonomous driving technology startup, to develop driverless robotaxis based on all-electric...

Hyundai Motor sets up AI research arm CoMo China

Hyundai Motor Co. in December established CoMo China in Shanghai to spearhead artificial intelligence research and development in its push for softw...