Busan Port (Courtesy of News1 Korea) The Chinese government has warned South Korean companies of retributions for exporting any product containing its critical metals to US military contractors, a move expected to take a toll on the export-reliant Korean economy.According to sources in th
Genesis' Neolun Concept, on which the GV90 will be based (File photo by Hyundai Motor Group) Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope with the triple whammy of US President Donald Trump&r
Hyundai Motor appoints Drew Ferguson, a former Republican congressman, as the head of its Washington office on April 15, 2025 Hyundai Motor Group has appointed former Republican Congressman Drew Ferguson as head of its Washington office, a strategic move designed to bolster the South Korean aut
Acting President and Prime Minister Han Duck-soo holds a phone conversation with US President Donald Trump at his office in Seoul on April 8, 2025 South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu
US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C. on April 2, 2025 (Courtesy of Reuters via Yonhap) South Korea’s two leading electronics makers – Samsung Electronics Co. and LG Electronics Inc. – are being forced t
Muto Yoji (left), Japanese economic minister, Ahn Duk-geun (center), South Korean trade minister and Wang Wentao, Chinese commerce minister South Korea held an economic ministers’ meeting with China and Japan on Sunday to discuss cooperation, including resuming negotiations about a trilat
Alaska Governor Mike Dunleavy (left) meets with Korean Energy Minister Ahn Duk-geun on Tuesday (Courtesy of Yonhap) Alaska Governor Mike Dunleavy arrived in South Korea on Monday to hold a series of one-on-one meetings with top executives from Korean energy and steel companies as the state seek
Hyundai Motor and Kia headquarters buildings in Seoul South Korean auto behemoth Hyundai Motor Group will invest $21 billion to expand its manufacturing in the US, which could provide Hyundai and its home country some immunity from reciprocal tariffs the US government plans to impose. Hyu
Kaher Kazem, a former CEO of GM Korea Co., arrives at a district court in Incheon, South Korea, on May 24, 2021. He was sentenced to a suspended prison term in January 2023 for illegally hiring about 1,700 manufacturing workers on secondment (File photo by Yonhap) The US Chamber of Commerce, th
EV battery system platform Ultium, jointly developed by LG and GM South Korea, home to global top battery makers such as LG Energy Solution Ltd., SK On Co. and Samsung SDI Co., is seeking to enact laws that would lay the groundwork to offer subsidies to its battery makers.According to industry
US Treasury Secretary Scott Bessent (left) stands beside President Trump as he signs off on an administrative order at the Whtite House on Feb. 3, 2025 (Courtesy of AP via Newsis) WASHINGTON, D.C. – The US government plans to unveil country-specific reciprocal tariffs on April 2, with par
US President Donald Trump addresses a joint session of Congress on Tuesday (Courtesy of Trump's Facebook page) South Korea, Japan and other countries want to partner with the US in a $44 billion natural gas pipeline project in Alaska, President Donald Trump said, claiming they would invest &ldq
LG Electronics' washing machine and dryer plant in Clarksville, TN (Courtesy of LG Electronics) CLARKSVILLE, TN -- South Korea’s appliance and electronics giants are actively looking into options to ramp up the production capacity of their plants in the US as they brace for the Trump 2.0