SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s consumer dispute panel has ruled that Volkswagen Group Korea must provide free inspections and replacements for defective air-conditioning systems in certain Audi Q4 e-tron 40 models, citing structural flaws that caused repeated failures. The Korea Consumer Agency’s dispute settlement committee said on Thursday that its review found the [...]
MUNICH, Sept. 9 (Korea Bizwire) — Hyundai Motor unveiled its first small electric vehicle concept on Tuesday at Europe’s largest mobility fair, underscoring the South Korean automaker’s push to expand its EV lineup into the compact segment, where demand is strongest in Europe. The concept car, dubbed “Concept THREE,” was introduced at the IAA Mobility 2025 [...]
SEOUL, Aug. 26 (Korea Bizwire) — Tesla announced Tuesday that it will formally launch its long-awaited Cybertruck in South Korea, underscoring growing demand for high-end electric vehicles in one of the world’s most tech-savvy markets. Two trims will be offered: the all-wheel-drive (AWD) model, with an estimated range of 520 kilometers, and the Cyberbeast, with [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. have partnered with South Korea’s leading battery producers — LG Energy Solution Ltd., Samsung SDI Co. and SK On Co. — to advance electric vehicle (EV) safety technologies, the companies said Friday. At Hyundai and Kia’s Namyang research and development (R&D) center in [...]
SEOUL, August 6 (Korea Bizwire) — South Korea has nearly completed the installation of more than 10,000 smart electric vehicle (EV) chargers designed to prevent overcharging-related fires, the Ministry of Environment announced on Tuesday. As part of a broader rollout that began last year, 42,032 smart chargers are being deployed nationwide, with 11,039 units already [...]
SEOUL, August 5 (Korea Bizwire) — A team of South Korean scientists has unveiled a breakthrough in electric vehicle (EV) battery technology that could extend battery life more than fivefold, potentially revolutionizing the performance and longevity of EVs. Researchers led by Professor Cho Chang-shin of POSTECH (Pohang University of Science and Technology) and Professor Yoon Sung-hoon [...]
SEOUL, July 30 (Korea Bizwire) — SK Innovation Co., South Korea’s leading oil refiner, said Wednesday it will merge two electric vehicle-related affiliates as part of a business reorganization amid slowing EV sales. SK On Co., the company’s EV battery manufacturing unit, will absorb SK Enmove Co., a provider of EV lubricants and thermal management [...]
SEOUL, July 28 (Korea Bizwire) — Eco-friendly vehicle registrations in South Korea have surpassed the 3-million mark for the first time, driven by rising demand for hybrid and electric vehicles (EVs), government data showed Monday. According to the data from the transport ministry, the cumulative number of registered vehicles nationwide stood at 26.41 million as [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Group’s electric vehicle (EV) exports to the United States plummeted by 88% in the first five months of 2025 compared to the same period last year, reflecting the combined impact of local production ramp-up and sluggish U.S. sales. According to the Korea Automobile & Mobility Association (KAMA), [...]
SEOUL, June 17 (Korea Bizwire) — For the first time in South Korean history, eco-friendly vehicles—including electric, hybrid, and plug-in hybrid models—surpassed internal combustion engine (ICE) vehicles in domestic monthly sales, signaling a significant market shift as electric vehicle (EV) concerns begin to ease. According to data released Tuesday by the Ministry of Trade, Industry [...]