(Photo=Hyundai motor group) Hyundai Motor Company and its affiliate Kia Corporation—two of South Korea’s largest automakers—saw slower year-over-year growth in the U.S. market in May, partly due to ongoing tariff-related challenges. According to company reports released on June 4, Hyundai sold 84,521 vehicles in the U.S. last month, up 8% from a year earlier. With this, the company surpassed 17

(Photo=Purus Marine) HD Korea Shipbuilding & Offshore Engineering (KSOE) has demonstrated its differentiated competitiveness in the gas carrier market. Leveraging its long-accumulated liquefied natural gas (LNG) carrier technology, construction experience, and leading eco-friendly solutions, the company has secured another large LNG carrier order from a UK-based shipowner. According to U.S. maritime media 'Offshore Energy' and Norwegian shipping publication 'TradeWinds' on

(Photo=Kia) Kia will start mass-producing its compact electric sports utility vehicle (SUV), the EV2, in Europe next year. The company plans to manufacture the vehicle at its Žilina plant in Slovakia, securing price competitiveness by avoiding the EU’s 10% import tariff through local production.   According to industry sources on the 2nd, Kia will begin producing the EV2 at its

Photo=KIA Kia is reducing the price of the 2026 EV9 by up to $2,000 in the U.S., aiming to ease initial purchase barriers and expand its customer base. According to industry sources on May 30, Kia has lowered the U.S. prices for select trims of the 2026 EV9 by as much as $2,000. The “Light Long Range” and “GT-Line” trims

(Photo=Pixabay) Stablecoin transactions in South Korea reached $41.3 billion in the first quarter of 2025, driven largely by Tether (USDT), according to new data from the Bank of Korea (BOK). The data, submitted by the Bank of Korea to Cha Kyu-geun, a member of the National Assembly’s Strategy and Finance Committee, covers activity at the country’s five major cryptocurrency exchanges—Upbit,