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S. Korean Auto Industry Requests U.S. House Rethink Proposed Tax Credits for EV Purchases

S. Korean Auto Industry Requests U.S. House Rethink Proposed Tax Credits for EV Purchases

SEOUL, Aug. 12 (Korea Bizwire) — A major association for South Korea’s car industry has sent a letter to the U.S. House of Representatives and requested changes in tax incentives proposed under a major climate change and energy bill, stressing that they could put Korean carmakers on an unequal footing. The Korea Automobile Manufacturers Association [...]

S. Korea’s Auto Market Share Plunges in China, U.S., EU amid Fierce Competition: Sources

S. Korea’s Auto Market Share Plunges in China, U.S., EU amid Fierce Competition: Sources

SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s share in the Chinese, U.S. and European auto markets has been declining for the past four years amid tense competition from Japanese and American automakers, industry sources said Thursday. South Korea’s share of the global auto market stood at an average 5.8 percent in the three major [...]