Tag: Korea
South Korea report: domestic vehicle market up 5% in August
In August 2025, domestic sales by South Korea's top five automakers increased by 5% to 111,523 units compared…
Tesla announces Cybertruck expansion into South Korea
Tesla has made an exciting announcement regarding the launch of their Cybertruck in South Korea, marking the vehicle's…
South Korea sets up fund to support auto parts makers
South Korean state-owned Korea Trade Insurance Corporation (K-Sure), in collaboration with Hyundai Motor Group (HMG) and Hana Bank,…
South Korea report: domestic sales rise 1% in July
In July 2025, South Korea's top five automakers saw a 1% increase in domestic sales, totaling 110,926 units…
South Korea report: domestic sales fall 3% in May
In May 2025, domestic sales by South Korea’s main automakers experienced a slight decline of 3% compared to…
This EV pickup is taking Korea by storm and now it’s going global
Korea has entered the electric vehicle market with a bang, as the Musso EV pickup truck from KG…
Kia EV4 is already the best-selling domestic electric sedan in Korea
Kia's first electric sedan, the EV4, has been making waves in the market since its launch. In just…
Posco opens new battery precursor plant in South Korea
Posco Future M Company, the battery materials unit of South Korea’s steel and chemicals group Posco Holdings, has…
BYD completes deliveries of 1,000 Atto 3 EVs in South Korea in less than 2 months
BYD Achieves Milestone with 1,000th Atto 3 Delivery in South Korea BYD (HKG: 1211, OTCMKTS: BYDDY) has reached…
GM Korea to sell non-core assets
General Motors Korea, the South Korean arm of American automaker General Motors (GM), has announced plans to sell…
Hyundai to temporarily halt IONIQ 5, Kona EV production in Korea
Hyundai recently announced that it will be pausing production of its IONIQ 5 and Kona Electric models at…
South Korea report: domestic sales rise 7% in April
In April 2025, domestic sales by South Korea's main automakers saw a significant increase of over 7% compared…