Kia CEO unveils $33B plan to expand in EVs, autonomous driving and robotics

Kia plans to invest 49 trillion won through 2030 to gear up for expansions in EVs, autonomous driving and robotics, with a push to lead future growth by increasing the presence of its humanoid robot Atlas in its U.S. factories.

2026-04-09

Localities face depleted EV subsidies as demand surges from price cuts, rising oil costs

Subsidies for EVs have been depleted in some localities far faster than expected this year as demand surges due to price cuts by automakers and rising oil prices, according to the Korea Automobile & Mobility Association on Wednesday.

2026-04-08

Kia overtakes Hyundai Motor for first time in U.S. sales

Kia outsold Hyundai Motor in the United States for the first time in January, a shift that underscores intensifying competition within Hyundai Motor Group as demand for sport utility vehicles (SUV) reshapes the market.

2026-02-18

Eight referred to prosecutors for insurance fraud involving staged car crashes

A gang of alleged insurance fraudsters was booked by police for deliberately staging traffic accidents using temporarily repaired high-end imported cars.

2026-01-22

Korean, Japanese automakers to shift production to U.S. as MAGA takes hold

As U.S. President Donald Trump ramps up his “Make America Great Again” (MAGA) policy, Korean and Japanese automakers are swiftly restructuring their production operations.

2025-12-30

Korea's export figures hit record high for six consecutive months

Despite steep U.S. tariffs, Korea’s exports from January to November this year rose by 2.9 percent on year, led by a strong upswing in key sectors such as semiconductors and automobiles, which are experiencing “supercycles.”

2025-12-01

Hyundai aims to promote Korea's hydrogen push at Global CEO Summit in Seoul

Hyundai Motor Group said Monday it will use a global gathering of hydrogen industry leaders in Seoul to promote Korea’s push to scale up hydrogen technology and infrastructure, as the Hydrogen Council’s Global CEO Summit takes place.

2025-12-01

Hyundai, Mercedes and 2 others to recall over 24,000 vehicles due to faulty parts

Hyundai Motor, Mercedes-Benz Korea and two other automakers will voluntarily recall more than 24,000 vehicles to address various component defects, the Ministry of Land, Infrastructure and Transport said Thursday.

2025-08-07

Sales of U.S. cars rise in Korea amid nontariff barrier discussions

Sales of U.S. passenger car imports in Korea have increased substantially in recent months, industry data showed Thursday, amid discussions between Seoul and Washington over easing nontariff barriers in the auto sector.