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U.S. EV subsidy rule delay may buy time for Korean carmakers

Battery component rules for U.S. electric vehicle subsidies have been delayed, meaning that more Korean vehicles could qualify. The rules will be issued in March. Battery...

Trade Minister heads to the U.S. to lobby for IRA changes

Korean Trade Minister Ahn Duk-geun will visit the United States for talks on the Inflation Reduction Act (IRA), which limits subsidies to electric vehicles...

Seoul asks Washington to include car-sharing EVs in IRA

The Korean government asked the U.S. government to include car-sharing EVs such as Uber and Lyft in the EV tax incentives under the Inflation...

Hyundai, Kia’s U.S. sales up 7.9% in October amid chip shortage

Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the...

Seoul shares open lower on dim U.S. tech earnings, Fed uncertainties

Stocks opened lower Friday, weighed by lackluster earnings and forecasts from major U.S. tech companies, with uncertainties hanging over the Federal Reserve's next move...

Time to play hardball with U.S. on chips and cars, Yang says

Korea failed to negotiate effectively with the United States on chips and cars, and the country's diplomats and legislators are to blame, one lawmaker...

Auto industry’s 2015 was mixed

2015 was good for Korea’s auto industry, with domestic sales hitting a record. But the year saw its share of troubles as well. Domestic sales...

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