US EV incentives
Scope
Date
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Electric vehicles
Hyundai Motor to boost EV leasing in US for tax credits from 2023
South Korean electric vehicles for lease are forecast to receive US tax credits under the Inflation Reduction Act (IRA) as new guidelines of the law...
Dec 30, 2022 (Gmt+09:00)
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Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
Dec 30, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom applies mobile edge computing tech in US
SK Telecom Co. said on Thursday it had transmitted terrestrial broadcasting in the US capital of Washington D.C. using mobile edge computing (MEC) a...
Dec 30, 2022 (Gmt+09:00)
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Electric vehicles
LS Cable abandons round wire to focus on higher-value EV wire
LS Cable & System Ltd. has decided to give up the round wire business to concentrate on higher-value-added products used in electric vehicles (E...
Dec 29, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotechs target US labs to speed up regulatory approval for tests
South Korean molecular diagnostics companies are increasingly buying high-quality laboratories in the US that meet federal regulatory standards in a...
Dec 28, 2022 (Gmt+09:00)
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Chemical Industry
Samyang develops polycarbonates made of 90% recycled plastic
Samyang Corp., a food and chemical affiliate of Samyang Group, on Wednesday said it had developed South Korea's first eco-friendly polycarbonates co...
Dec 28, 2022 (Gmt+09:00)
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Electric vehicles
Koreans buy $2.7 billion Tesla shares this year, favorite foreign stock
Tesla, Inc. was the investors’ choice in South Korea this year, ahead of other overseas stocks.According to the Korea Securities Depository he...
Dec 27, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Mobis tests cutting-edge vehicle broadcast platform in North America
South Korea's Hyundai Mobis, which developed the next-generation automotive broadcast system ATSC 3.0 in the US, has teamed up with Sinclair Broadca...
Dec 27, 2022 (Gmt+09:00)
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Bio & Pharma
Dong-A ST incorporates NeuroBo as subsidiary
Dong-A ST said on Friday that it would acquire American drug company NeuroBo Pharmaceuticals as a subsidiary.NeuroBo, located in Boston, is a Nasdaq...
Dec 23, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor hits 15 mn vehicle sales milestone in US
South Korea’s auto giant Hyundai Motor Co.'s cumulative sales in the US surpassed 15 million units since entering the market in 1986, the comp...
Dec 23, 2022 (Gmt+09:00)
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Content platforms
Video streaming platform Wavve acquires K-content provider KOCOWA
South Korea’s OTT platform Wavve has acquired Los Angeles-based content platform KOCOWA, short for Korean Content Wave. KOCOWA is a US online ...
Dec 22, 2022 (Gmt+09:00)
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Electric vehicles
SK Signet to showcase new ultra-fast charger at CES 2023
SK Signet Inc., the No.1 company in the US ultra-high speed charger market, will showcase a new standard ultra-fast charger V2 at CES 2023, the worl...
Dec 22, 2022 (Gmt+09:00)
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Asset management
US non-agency mortgage-backed securities to shine in 2023: TCW
Amid the tightening of the Federal Reserve, among the most impacted asset classes were agency mortgage-backed securities (MBS), issued by US governm...
Dec 22, 2022 (Gmt+09:00)
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Electric vehicles
LG Uplus enters Korea’s EV charging service market with VoltUp app
LG Uplus Corp., a South Korean mobile carrier, is entering the domestic electric vehicle charging service market by launching a service platform, Vo...
Dec 22, 2022 (Gmt+09:00)
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Healthcare
Naver D2SF makes investment in US sleep tech company PranaQ
Naver Corp.'s startup nurturing organization D2SF has newly invested in PranaQ, a US sleep tech startup. This is the 100th investment since the comp...
Dec 21, 2022 (Gmt+09:00)
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Automobiles
Genesis electrified G80 receives highest grade in IIHS crash test
Hyundai Motor Co. said on Wednesday that its G80 electric vehicle model received the highest rating of Top Safety Pick Plus (TSP+) in a crash test d...
Dec 21, 2022 (Gmt+09:00)
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Bio & Pharma
LabGenomics unites with Humanscape on Asia, US genetic testing biz
LabGenomics Co., a molecular diagnostics company, said on Tuesday that it has signed an agreement with digital healthcare company Humanscape to deve...
Dec 20, 2022 (Gmt+09:00)
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Carbon neutrality
Samsung Heavy receives approval from US on gas recovery system
Samsung Heavy Industries, a major shipbuilder in South Korea, said on Tuesday that its boil-off gas recovery system (BReS) for LNG-powered vessels h...
Dec 20, 2022 (Gmt+09:00)
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Batteries
LG Energy to spend $3.1 bn on 4680 battery plant in S.Korea
LG Energy Solution Ltd., the world’s No. 2 electric vehicle (EV) battery maker, is poised to spend $3.1 billion on facilities in South Korea t...
Dec 19, 2022 (Gmt+09:00)
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Artificial intelligence
Syntekabio launches new drug development platform STB Cloud in US
Syntekabio,Inc., a South Korean artificial intelligence (AI) drug development company, said on Monday it has launched its cloud-based AI drug develo...
Dec 19, 2022 (Gmt+09:00)
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Automobiles
S.Korea must use Indonesia, Thailand as EV output-export bases: report
The Korea Automotive Technology Institute says the domestic auto industry should more proactively use Asean-region members like Indonesia and Thaila...
Dec 19, 2022 (Gmt+09:00)
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Automobiles
S.Korean startup enters UK market for wireless charging of EVs
A South Korean startup will enter the British market for wireless charging facilities for electric vehicles (EV), as Korean firms speed up their adv...
Dec 19, 2022 (Gmt+09:00)
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Batteries
Leaders of Samsung, BMW discuss bolstering EV battery partnership
Samsung Electronics Chairman Jay Y. Lee met with the Chairman of the Management Board of BMW Group Oliver Zipse on Saturday to discuss ways to deepe...
Dec 18, 2022 (Gmt+09:00)
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Foreign exchange
Korean NPS opens up forex hedging limit to maximum of 10%
South Korea’s mighty state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment for a limited period. ...
Dec 18, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia to rank third in Europe’s car market after 45 years
Just a couple of decades ago, vehicles built by Hyundai Motor Co. and Kia Corp. were dismissed as second-class cars of poor quality, with some car m...
Dec 16, 2022 (Gmt+09:00)
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Electronics
LG Innotek to unveil parts for EVs, self-driving cars at CES 2023
South Korea’s LG Innotek Co. said on Dec. 15 it will showcase its new products for electric and autonomous vehicle parts at the Consumer Elect...
Dec 15, 2022 (Gmt+09:00)
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Bio & Pharma
Helixmith acquires US patent on new freeze-dried formulation
South Korea's biotech company Helixmith Co. said Wednesday it has developed and patented a new freeze-dried formulation for Engensis (VM202), a non-...
Dec 15, 2022 (Gmt+09:00)
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Energy
Hanwha Q Cells to sell 7 US battery ESS projects to Spain’s Acciona Energia
Hanwha Q Cells Co., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, said on Wednesday it has signed a deal to sel...
Dec 14, 2022 (Gmt+09:00)
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Energy
Hyundai Electric joins hands with GE to enter offshore wind power business
Hyundai Electric will advance into the offshore wind power market jointly with GE Renewable Energy.Hyundai Electric, an electric systems spinoff fro...
Dec 14, 2022 (Gmt+09:00)
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Electronics
SK C&C to automate production process of SKC's US subsidiary
SK C&C announced on Wednesday that it will start a project to install a full-process automation system based on its smart factory platform I-FAC...
Dec 14, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer