south korea

10+ articles

Tesla's Bold Price Hike Moves in Korea Greeted with Mixed Reactions

Tesla's recent price hikes on select models in South Korea are raising eyebrows as the company faces a significant stock drop globally. Despite global headwinds, Tesla leverages high demand in Korea, boosted by EV subsidies, to justify the increases. However, this strategy has not sat well with everyone, drawing ire from consumers and investors alike, who are concerned about priorities. The Korean market seems promising for Tesla with 11,130 units sold last month, but how sustainable is this growth?

Apr 11

Tesla's Bold Price Hike Moves in Korea Greeted with Mixed Reactions

Tesla Shocks South Korean Market: March Sales Surge by 330% with Strategic Price Cuts!

Tesla has redefined the South Korean EV landscape, witnessing a staggering 330% increase in sales in March. With strategic price cuts on the Model 3 and Model Y, Tesla sold 11,896 vehicles, claiming the top spot among imported car brands. This positions Tesla as a leading choice for price-sensitive Korean consumers in the competitive EV market.

Apr 8

Tesla Shocks South Korean Market: March Sales Surge by 330% with Strategic Price Cuts!

Tesla Tops South Korea's Car Market in Q1 2026: Marking a Historic Shift in Automotive Hierarchy

In a surprising turn of events, Tesla has claimed the top spot in South Korea's imported car market for the first quarter of 2026. Outselling traditional heavyweights like BMW and Mercedes-Benz, Tesla's success was fueled by the price competitiveness of its Chinese-made Model Y and timely electric vehicle subsidies. However, as global sales face a slump, concerns about sustainability and future performance linger. Can Tesla hold its ground amidst a global downturn?

Apr 5

Tesla Tops South Korea's Car Market in Q1 2026: Marking a Historic Shift in Automotive Hierarchy

South Korea's Former President Faces Arrest Warrant: Yoon Suk Yeol's Legal Battles Continue

In a dramatic turn of events, an arrest warrant has been issued for South Korea's former president, Yoon Suk Yeol, following his controversial impeachment over martial law declarations. Accused of insurrection and abuse of power, Yoon's legal troubles escalate as he faces charges that could lead to life imprisonment.

Apr 2

South Korea's Former President Faces Arrest Warrant: Yoon Suk Yeol's Legal Battles Continue

South Korea's Bold $1.9374 Trillion Won Boost for Startups Amid Economic Turbulence

Amid global economic pressures heightened by the Middle East conflict, South Korea proposes a substantial supplementary budget focusing on startups. The initiative aims to strengthen the economy by directing 803.1 billion won towards startup growth through the 'Everyone's Startup Project.' This move comes amidst debates on funding it through a controversial war-response package.

Mar 31

South Korea's Bold $1.9374 Trillion Won Boost for Startups Amid Economic Turbulence

South Korean Battery Industry: PNT Drives Growth with Surging Orders and Eco-Friendly Innovations

South Korea's battery industry is making headlines with PNT leading the charge. The company has surpassed revenue expectations with strategies like water-based production and a pivot towards LFP batteries for energy storage systems. Excitement builds around a planned plant in Gumi, aiming to boost the nation's standing in the global market.

Mar 31

South Korean Battery Industry: PNT Drives Growth with Surging Orders and Eco-Friendly Innovations

SME Boost and Housing Boom: South Korea's March Milestones

South Korea unveils strategic initiatives with the Jump-Up program supporting 100 SMEs towards mid-sized growth, and public rental housing expansions for youth and elderly, amid diverse public opinions and policy implications.

Mar 22

SME Boost and Housing Boom: South Korea's March Milestones

South Korea's Jump-Up Program Aims to Propel SMEs Amid Economic Turbulence

In a bold move to strengthen its economy amidst global uncertainties, South Korea launches the second round of its Jump-Up program, assisting 100 small and medium-sized enterprises (SMEs) to pivot into new business arenas. Through strategic consulting and financial support, the initiative aims to guide these firms into mid-sized prosperity despite market challenges and geopolitical tensions.

Mar 22

South Korea's Jump-Up Program Aims to Propel SMEs Amid Economic Turbulence

President Lee Jae-myung Celebrates South Korea's Historic WBC Triumph

In a thrilling turn of events, South Korea's national baseball team advanced past the first round in the World Baseball Classic (WBC) after 17 years, much to the delight of President Lee Jae-myung. The president lauded veteran player Noh Kyung-eun for his inspiring resilience, which played a key role in the team's 7-2 victory over Australia. With standout performances from several players, Manager Ryu Ji-hyun attributes the success to the unity and leadership present in the team.

Mar 17

President Lee Jae-myung Celebrates South Korea's Historic WBC Triumph

South Korea's Semiconductor Act: A Delayed Boost for AI Competitiveness

South Korea recently passed its Semiconductor Special Act aimed at strengthening the country's semiconductor infrastructure to compete in the AI sector. Despite its passage, there's a delay in the ₩2 trillion funding until 2027, which represents both a setback and a strategic move in the global AI race. This comes amid notable industry events such as the SEMICON Korea 2026 exhibition, showcasing cutting-edge technologies and highlighting South Korea's pivotal role in the rapidly growing semiconductor market.

Mar 17

South Korea's Semiconductor Act: A Delayed Boost for AI Competitiveness