Announced on April 24, 2025, a delegation from the Industrial Estate Authority of Thailand (IEAT) and Thai industrial estate developers visited Seoul to strengthen economic ties between Thailand and South Korea and attract investment in Thailand’s future industries. 
From April 22 – 23, they co-hosted the IGNITE Thai

On April 25, Zeeland, Michigan-based Gentex, announced that while Q1 2025 net sales of USD 576.8 million were down 2.3%, net income for the first quarter of 2025 was down 12.3% to USD 94.9 million.
Gentex said that as a result of the current and expected tariff escalation in the China market, it has pro-actively halt

On April 29, the Vice-President of Nigeria met with a delegation of South Korea’s Asia Economic Development Committee (AEDC). AEDC has proposed a partnership with Nigeria to support solar equipment production and electric vehicle (EV) manufacturing in the country. The Vice President reaffirmed the administration’s co

Samsung SDI Co., Ltd. (Samsung SDI) announced that it has won the JLR Quality Award from Jaguar Land Rover (JLR). The South Korean company was recognized for its product technology and quality. Samsung SDI has been supplying 2170 cylindrical batteries to JLR for its premium models, including the Range Rover and the R

Several South Korean media sources reported that South Korea’s Shinsung ST Co,. Ltd. has been registered as a listed partner of a global electric vehicle (EV) manufacturer and won an order to supply parts for mass-production models. Shinsung ST has been providing bus bars and battery module cases to South Korean batt

On April 29, LG Energy Solution announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant. 
Construction will begin in 2026 in Bruyères-sur-Oise in northern France, with operations scheduled to commence in 2027. This

Hyundai Motor Company announced its business results for the first quarter of 2025 (January–March) on April 24. Revenue increased by 9.2% year-on-year to KRW 44.41 trillion, marking the company’s highest-ever first-quarter revenue. The growth was driven by strong sales in the North American market and a favorable exc

Several South Korean media sources reported that South Korea’s Top Run Total Solution Co., Ltd. has won an order for components of LCD cluster displays from LG Electronics Inc. The contract is valid from 2027 to 2033, and the sales under the deal are expected to reach KRW 14.7 billion. The company will supply precisi

Several South Korean media sources reported that Posco Future M Co., Ltd. will establish a new company named Carbon New Materials Co. Ltd. to produce spherical graphite locally, a critical material for battery anodes. The company will invest KRW 396.1 billion to establish this fully-owned subsidiary. Posco Future M w

LG Electronics Inc. announced that it has awarded 2024 Excellent Value Improvement at the Annual Supplier Business Meeting of Toyota Motor North America (TMNA). The award recognizes LG Electronics ' capabilities to deliver electric products and initiatives to lower their costs in the North American market. It is the

South Korea’s Posco Group signed a memorandum of understanding (MOU) with Hyundai Motor Group regarding cooperation in the steel and secondary battery businesses. Firstly, as part of its strategy to localize steel production, Posco Group will make an equity investment in Hyundai Motor Group’s new steel mill project i

Several South Korean media sources reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., had withdrawn from a project the company had been pursuing to set up an electric vehicle (EV) value chain in Indonesia. In 2022, the company formed a consortium with Sou

Reported on April 22, 2025, LG Energy Solution has announced its withdrawal from the ambitious “Grand Package” electric battery project in Indonesia, a multibillion-dollar initiative aimed at establishing a local EV battery supply chain. The company cited various concerns, including challenges related to the investme

On April 22, NEXEN TIRE, a global leader in tire manufacturing, announced that its ultra-high-performance (UHP) summer tire, the N'FERA Sport, has received homologation to be supplied to the Škoda Karoq.
The N’FERA Sport tire, made in Europe for the European market, comes in size 215/50R18 W XL and is a great fit for

On April 21, the Hyundai Motor Group and POSCO Group announced they have signed a Memorandum of Understanding (MOU) for business cooperation in the fields of steel and battery materials. 
Under the agreement, POSCO plans to make an equity investment in Hyundai Motor Group’s recently announced Electric Arc Furnace (EA

Hanon Systems Co., Ltd. announced that it has won a 2025 Automotive News PACE Award for its solution to enhance antimicrobial and deodorizing performance in HVAC systems based on its visible-light LED photocatalyst technology. This solution effectively eliminates microorganisms, harmful gases, and odors entering the

Several South Korean media sources reported that Samsung Electro-Mechanics Co. Ltd. will supply multilayer ceramic capacitors (MLCCs) to BYD. The company received final approval from BYD to supply MLCCs. The scale of supply volume is unpublicized, but it is expected to reach several hundred billion KRW. (Based on sev

Several South Korean media sources reported that a solid-state battery and electrolyte manufacturer, TDL, is proceeding with the development of all-solid-state batteries with a global battery manufacturer. The two companies have completed the process of technological evaluation and entered the process of mass product

On April 17, Kia announced that it is launching its AI-powered voice assistant, called AI Assistant, across Europe, following its introduction in the Korean and US markets last year. The AI Assistant enables users to talk to their Kia in a natural, conversational way and helps them easily access and understand their

On April 15, PHINIA Inc. announced a partnership with South Korean OEM, KG Mobility (KGM), to design, develop, and supply a 2.2-litre hydrogen internal combustion engine (H2ICE) for light commercial vehicles. The partnership aims to provide a zero-carbon fuel alternative to an existing KGM diesel engine. 
Under the p