February 4, 2024

S. Korean battery exports fall 1.6 pct amid slowing EV demand

SEOUL, South Korea’s exports of battery products fell 1.6 percent in 2023 from a year earlier after posting growth for the previous seven years amid a slowdown in electric vehicle sales, the trade ministry said Sunday.

The country’s rechargeable bat…

Gov’t expected to announce medical school quota hikes this week

SEOUL, The government is likely to announce an increase in the medical school enrollment quota this week to address the shortage of doctors in remote areas and essential medicine despite strong opposition from the medical circle, officials said Sunda…

GM Korea to launch 4 new models this year for growth

SEOUL, GM Korea Co., the South Korean unit of General Motors Co., said Sunday it will launch four new vehicles, including two electric models, this year to strengthen its presence in the domestic market.

GM Korea plans to introduce two pure electric…

Hyundai, Kia’s EV sales surpass 1.5 million units

SEOUL, South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Corp. on Sunday said their combined electric vehicle sales exceeded 1.5 million units as of December, 12 years after Hyundai debuted its first EV model.

Hyundai launched its first …

Navy chief visits U.S. naval base housing nuclear submarines

SEOUL, South Korea’s top naval officer visited a key naval submarine base in the United States for the first time and stressed the need to strengthen ties against growing North Korean threats, the South’s Navy said Sunday.

Adm. Yang Yong-mo, chief o…