SEOUL, Apr. 9 (Korea Bizwire) – Samsung Electronics emerged as the most popular stock trading among South Korean minors so far this year, while Tesla and Apple led the charge in overseas equities, according to an analysis by Shinhan Investment Corp. In a review of the top 10 stocks traded by its underage clients from January [...]
SEOUL, Feb. 21 (Korea Bizwire) – The South Korean government has announced significant reductions in subsidies for Tesla’s “budget” electric vehicle, the Model Y RWD, which is equipped with lithium iron phosphate (LFP) batteries from China. According to the Ministry of Environment’s finalized guidelines for electric vehicle subsidies released on February 20, the subsidy for the [...]
SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Motor Co., Tesla Korea and four other carmakers will recall nearly 55,000 vehicles due to faulty components, the transport ministry said Wednesday. The six companies, including Kia Corp., Ford Sales & Service Korea, GS Global Corp. and Bumhan Mobility, are voluntarily recalling a total of 54,792 units of [...]
SEOUL, Dec. 27 (Korea Bizwire) — U.S. electric carmaker Tesla Inc. has emerged as a major player in South Korea’s imported passenger vehicle market this year, with BMW, Mercedes-Benz and Audi set to close the year as the three best-selling brands, industry data showed Wednesday. Tesla’s vehicle sales have been on the rise since September [...]
SEOUL, Dec. 7 (Korea Bizwire) — U.S. electric vehicle maker Tesla Inc. has sold over 15,000 vehicles in South Korea this year, driven by strong demand of its affordable Model Y car produced in China, according to government and industry data Thursday. According to the transportation ministry data, the number of Tesla vehicles sold in [...]
SEOUL, Aug. 8 (Korea Bizwire) — U.S. electric vehicle manufacturer Tesla Inc. has reversed its stance on providing safety diagnostic information concerning its vehicles to South Korea’s traffic authority. In mid-July, the Korea Transportation Safety Authority (KTSA) received safety diagnostic data related to vehicle operation and battery performance from Tesla. This data has led to [...]
SEOUL, June 1 (Korea Bizwire) — Electric vehicle manufacturer Tesla Inc. has increased the usage fee for its network of rapid-charging stations in South Korea, effective from Wednesday. The per-minute charging fee for Tesla superchargers in South Korea has been raised by approximately 20 percent to 509 won (US$0.39). For stations that charge per kilowatt-hour [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk earlier this week, Samsung said Sunday, hinting at a potential business partnership between the world’s leading chipmaker and the electric vehicle giant. Lee held the meeting with Musk on Wednesday (U.S. time) at Samsung Electronics’ semiconductor research [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to impose a penalty of 2.85 billion won (US$2.24 million) on U.S. electric carmaker Tesla Inc. and its South Korean unit for misleading advertisements. The move came as Tesla released advertisements in August 2019, which suggested its electric car can [...]
SEOUL, Nov. 23 (Korea Bizwire) — President Yoon Suk-yeol asked Tesla CEO Elon Musk to build an electric vehicle plant in South Korea during a virtual meeting with the billionaire entrepreneur on Wednesday, his office said. Yoon made the request after Musk explained Tesla’s plans to build a gigafactory in Asia to produce finished EVs, [...]