Hyundai Motor Group plans to launch its first hybrid cars in India as early as 2026, three sources said, as the South Korean auto group shifts strategy to look beyond electric vehicles and boosts its presence in a key market.
Electric Bus Sales Surge in South Korea as Car Market Slows
As the global electric vehicle (EV) market’s growth decelerates, South Korea’s electric passenger car sales have dipped this year. However, the domestic production and sales of electric buses have …
Election Loss for South Korea’s Ruling Party Unlikely to Affect Pro-US Security Policies
As President Yoon focuses on stronger alliances, the ruling party’s election loss won’t affect South Korea’s pro-U.S. security stance.
South Korea plans $4B in new weapons investments, including $583M of SM-3s
In addition, South Korea will buy four new frigates and create a new air-to-air missile; all told, the three projects will represent roughly $4 billion in investments.
Map Shows Where North Korea Has Placed Land Mines in Demilitarized Zone
Colonel Lee Sung-jun, a spokesperson for South Korea’s Joint Chiefs of Staff, told reporters that Seoul was taking measures in response to Pyongyang’s fortifications, but ruled out mining roads in the …
South Korea’s GDP ranking falls behind Mexico as won slips against rising dollar
The South Korean won has been declining sharply against the U.S. dollar amid the weakening of the Japanese yen, which slumped to the lowest level against the greenback in 34 years. The Korean won’s …
South Korea’s Samsung sees profit jump 10-fold on memory chip recovery
The tech giant, the flagship subsidiary of Samsung Group, South Korea’s largest family-controlled conglomerate, said that operating profit rose to 6.61 trillion won ($4.85bn) in the first three months of the year on the back of strong sales of its flagship Galaxy S24 smartphone and higher prices for memory semiconductors.
South Korea radical Christians warn of “homosexual dictatorship” after opposition wins
That prospect, however, has ignited a fiery response from South Korea’s radical Christians, who warn of a “homosexual dictatorship” if proposed equality legislation passes with the help of the resurgent Democratic Party of Korea (DPK), according to an analysis by longtime South Korea journalist Raphael Rashid in The New York Times.
South Korea March Factory Output Falls Most in 15 Months
SEOUL (Reuters) – South Korea’s factory output fell in March by the most in 15 months, government data showed on Tuesday, missing market expectations.
U.S., Japan, S Korea finance chiefs vow to work closely on forex
The finance ministers of the United States, Japan and South Korea said Wednesday that they have discussed the Asian countries’ “serious concerns” about the recent sharp depreciation of their …