U.S. President Donald Trump’s announcement Saturday that he plans to raise global tariffs to 15 percent has once again thrown domestic export-driven industries into uncertainty.
GM Korea plans to introduce an advanced hands-free driver assistance system in Korea later this year, the company announced on Wednesday, emphasizing the U.S. automaker's commitment to its Korean operations.
With Xpeng — the so-called "China's Tesla" — establishing a local subsidiary in Seoul following BYD and Zeekr, the wave of competitively priced, high-tech Chinese EVs is making domestic automakers increasingly nervous.
The United States on Tuesday lowered tariffs on Japanese automobiles and auto parts to 15 percent, creating a 10 percentage point gap with the 25 percent rate still applied to Korean exports
U.S. President Donald Trump signed an executive order Thursday to implement a trade deal with Japan, under which his administration will apply a lowered tariff of 15 percent to Japanese automobiles and auto parts.
Imported vehicle registrations in Korea have surged 38-fold over the past three decades, driven by diversifying consumer tastes, an industry association said Thursday.
Private Office Seoul, Rolls-Royce’s discreet atelier, opened in November of last year, is the first of its kind in the Asia-Pacific region.
Chinese electric vehicle and battery companies are increasingly reaching out to Korean partners as they push forward with global expansion.
LG Energy Solution signed a major battery supply deal with Chinese state-owned EV brand Chery Automobile, breaking new ground as the first Korean battery company to secure a contract of this scale with a Chinese automaker.
Korea's exports went up 5.4 percent from a year earlier in the first 10 days of this month driven by robust demand for semiconductors and automobiles, data showed Wednesday.
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