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Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...
KOREA

Biden tells Yoon in letter that IRA discussions will continue

    U.S. President Joe Biden sent a letter to President Yoon Suk-yeol reassuring him that discussions will continue over Korean concerns about the Inflation Reduction...
BUSINESS

Hyundai Motor EV sales in U.S. drop after IRA ends credit

Hyundai Motor EV sales in the United States have fallen since the Inflation Reduction Act (IRA) went into effect. The company sold 1,306 Ioniq 5s...
KOREA

Korea wants 12 percent global EV market share by 2030

Minister of Trade, Industry and Energy Lee Chang-yang during a meeting with the Korean automotive industry on Wednesday Korea's global EV market...
BUSINESS

Korean industry chief to visit U.S. to discuss EV tax credit, chips bills

Korean Industry Minister Lee Chang-yang departed for Washington on Tuesday for talks with U.S. officials on ways to minimize impacts on Korea by new...
KOREA

U.S. stands ready for talks with Korea on EV tax credits

The United States stands ready to engage in serious consultations with Korea on concerns over the Inflation Reduction Act (IRA) that Seoul believes would...
BUSINESS

Hyundai, Kia’s Aug. U.S. sales rise 18% despite chip shortage

Hyundai Motor and its affiliate Kia said Friday their combined sales in the United States rose 18 percent last month from a year earlier...
BUSINESS

South Korea Building Test City for Self-Driving Cars

Hoping to accelerate the development of Korean-made self-driving vehicles, South Korea is building a city filled to the brim with everything an autonomous vehicle...
BUSINESS

What are the Best Compact SUVs of 2016?

More and more people are looking for compact SUVs these days. So, editors specializing in cars have test driven and compared 'the 5 best compact...
BUSINESS

Kia touts revamped K7

HWASEONG, Gyeonggi - Kia Motors has partially revealed some of the features of the new K7 sedan, which it hopes will do well in...
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