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KG Mobility to produce Torres EV in Saudi Arabia

KG Mobility, formerly SsangYong Motor, and Saudi National Automobiles Manufacturing Company, a licensed producer of international and domestic automobiles, signed a partnership agreement on Friday to assemble the carmaker's Torres EVX electric vehicle in Saudi Arabia. The agreement expands an existing deal between the companies for SNAM to manufacture KGM's internal combustion engine vehicles. Under the new. ....

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South Korea to reduce dependence on other countries for key materials by 2030

Find out how South Korea plans to reduce its reliance on countries such as China when it comes to sourcing materials - including critical minerals such as graphite and rare earths - to avoid potential supply chain disruptions ....

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Korea to support corporate emergency urea imports over China's export halt: industry minister

The Korean government will push to pay for part of urea imports when companies need to buy the chemical from nations other than China as part of efforts to prevent a supply shortage and ensure a longer-term stable supply, the industry minister has said. ....

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Cars, batteries, instant noodles drive Korea's exports in 2023

Korean exports are sustaining surpluses on the back of strong performances in the automobile, batteries and instant noodles industries, despite high interest rates, geopolitical conflicts and other unfavorable global economic conditions, according to the Ministry of Energy, Industry and Trade, Tuesday. ....

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