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Four out of ten Hyundai Motor Company and Kia sport utility vehicle buyers opted for hybrid models in the first quarter of this year in the South Korean market, highlighting the penetration of dual-power vehicles amid a slowdown in electric vehicle demand. According to industry sources Sunday, Hyundai Motor and Kia sold 150,492 SUVs, of which 59,386 units were hybrids, accounting for 39.5 percent. Last year, the domestic sales of Hyundai and Kia hybrid SUVs nearly doubled from 117,499 units in 2
CHANGWON, South Gyeongsang Province — A board stood tall near the entrance of Hanwha Aerospace’s aircraft engine maintenance, repair and overhaul plant in Changwon, South Gyeongsang Province, Thursday afternoon. On it, a sign in the top right corner read “75 months of zero defects in a row.” The no-fault duration, which equates to six years and three months, served as a reminder highlighting the reliability and expertise of Hanwha Aerospace’s aircraft engine MRO business over the years. As the K
Based in Daegu, Korea, Hansae Mobility is one of the world’s leading halfshaft suppliers, delivering to a wide range of global automakers from mass market brands, including Stellantis and Volkswagen, to luxury brands such as Porsche and Maserati. A halfshaft transmits rotational force from the engine or motor to the wheels, with flexibility that ensures its function remains unaffected by drivetrain twists. Despite growing concerns over potential tariffs on car parts in the US, the destination of
DN Solutions, Korea’s biggest and the world's No. 3 machine tool maker by market share, has pledged to continue strengthening its US businesses as it gears up for what could be Korea’s biggest initial public offering in three years. “DN Solutions’ market share in the US jumped to the second place from the fourth place last year,” said DN Solutions CEO Kim Won-jong in a press conference at the Conrad Seoul on Friday. “We will turn the US tariff policies into opportunities. We want to become the s
Hyundai Motor Company achieved record-breaking sales and profit for the first quarter amid deepening concerns over the 25 percent tariffs on automobiles and car parts imposed by US President Donald Trump. According to the carmaker’s earnings report on Thursday, its sales revenue increased 9.2 percent to 44.4 trillion won ($31 billion), while its operating profit climbed 2.1 percent to 3.6 trillion won from January to March compared to last year. Its operating profit margin hit 8.2 percent. Hyund
Samsung SDI said Thursday it was selected as a top global partner by Jaguar Land Rover, a UK-based luxury vehicle brand. The ceremony for the JLR Quality Award was held at the battery manufacturer’s plant in Tianjin, China. The Chinese facility is where Samsung SDI produces its 21700 cylindrical battery cells -- 21 millimeters in diameter and 70 millimeters in height –- which it supplies to Jaguar Land Rover for premium models such as the Range Rover and Range Rover Sport through a strategic par
At the 2025 Seoul Mobility Show, Mercedes-Benz Korea gave visitors a glimpse of where luxury driving is headed. Alongside its latest premium models, the brand introduced a range of personalized services designed to reflect the evolving tastes of Korean consumers. This initiative is part of Mercedes-Benz Korea’s broader strategy to elevate its luxury positioning in 2025. By launching high-end vehicles and tailored experiences, the company continues to align with its global vision: “The world’s mo
South Korean Minister of Trade, Industry and Energy Ahn Duk-geun said eliminating the US' “reciprocal” tariffs against Korea and resolving auto-related issues were the top priorities of upcoming high-level talks in Washington. Ahn is set join Deputy Prime Minister and Finance Minister Choi Sang-mok for the first “2+2” trade consultation with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer at 8 a.m. Thursday in Washington (9 p.m. Thursday, Korea time). “Basically, o
Volkswagen is doubling down on its electric mobility strategy in Korea, spotlighting two key models — the ID.4 and the soon-to-launch ID.5. After topping electric vehicle sales in Europe during the first quarter of 2025, the brand is looking to carry that momentum into the Korean market. According to JATO Dynamics, Volkswagen sold over 25,000 EVs in Europe in March alone, overtaking Tesla to become the region’s top EV brand. That success has laid the groundwork for a bigger push in Korea, where
Hansae Mobility, a Korea-based automotive parts manufacturer, announced plans on Wednesday to expand its production facility in the US, amid concerns over possible tariffs proposed by US President Donald Trump. “By 2027, we are looking to relocate our US plant to a larger facility near a local plant of our largest client, Stellantis,” Hansae Mobility Vice Chair Kim Ik-hwan said. The plan was unveiled during a media tour of the company’s plant in Daegu — the first such tour since its acquisition
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Nongshim's Shin Ramyun Toomba sells out in Japan
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Czech-Korean nuclear deal under EU scrutiny
Saudi Aramco reaffirms commitment to Korea’s Shaheen project
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