Korea Joongang Daily
Korea JoongAng Daily

Gov't to implement evaluation system for EV subsidies in July

Korea will newly implement an evaluation system to give out subsidies to EV manufacturers starting in July, with a focus on promoting contributions to domestic supply chains, the Ministry of Climate, Energy and Environment said Wednesday.

2026-05-13

SK On offers employees buyouts and unpaid leave as EV slump deepens

As the electric vehicle (EV) chasm — a period of stalled demand between early adopters and mass market buyers — drags on, SK On has rolled out a voluntary separation program for employees for the first time in two years.

2026-02-20

Korean EVs face 'chasm' effect as sales slow despite new models, price discounts

Concerns are growing that the recent slowdown in electric vehicle (EV) sales in Korea may signal a longer-term slump rather than a temporary lull — known as the "chasm" effect — despite the release of new models and price discounts by manufacturers.

2025-04-23

EV makers to grapple with autonomous-tech crackdown, launch Tesla 'killers' at Shanghai Auto Show

The Shanghai Auto Show features more than 100 models, highlighting fierce EV competition in the world's premier market for electric vehicles and hybrids.

2025-04-21

LG-led consortium to withdraw from $7.7B battery project in Indonesia

A Korean consortium led by LG has decided to withdraw from a project worth around 11 trillion won ($7.7 billion) to establish an EV battery supply chain in Indonesia.

2025-04-18

Gov't to require disclosure of EV battery brands, conduct prior safety checks

The government said Friday it will conduct prior safety checks on electric vehicle (EV) batteries and require EV makers to disclose their battery brands to address public concerns about spontaneous fires in EVs.

2024-09-06

Jeep Avenger EV brings heritage into new era, at a price

The Jeep Avenger EV has rugged looks and a durable interior, but the performance doesn't match the price tag.

2024-08-31

Korean parking lots begin refusing electric vehicles

A notice stuck on a parking tower surface in Mapo District, southern Seoul, on Wednesday reads "Electric vehicles are not allowed to enter the parking tower. Electric vehicles should use the outdoor parking lot behind."

2024-08-07

Gov't outlines policy for installation of used batteries in EVs

The government outlined its policy for the used battery market, which classifies them according to suitability for installation in EVs, other battery products or mineral extraction.

2024-07-10

Korea vows 'close talks' with France after EV subsidies snub Korean cars

The Ministry of Trade, Industry and Energy has vowed to negotiate with the French government regarding the exclusion of domestically produced EVs from its new subsidy policy.

2024-02-02