SpaceX has set up a subsidiary in Seoul to bring Starlink satellite internet services to South Korea. SpaceX established Starlink Korea LLC on March 8th, and Lauren Ashley Dreyer, the senior director of Starlink business […]
The wave of Tesla price cuts is blowing across the whole world. After causing an unprecedented increase in attention and forcing the competition to respond in China, the EV maker is introducing lower prices in Taiwan and South […]
Tesla has been fined $2.2 million (2.85 billion won) by South Korea’s Fair Trade Commission (KFTC) after a nearly year long investigation into claims the automaker overstated the driving range of their electric vehicles (EVs) […]
Tesla was the top choice for South Korean investors looking to buy into overseas stocks. Per Korean Economic Daily, Korean investors purchased $2.74 billion of Tesla shares in 2022. Via Korea Securities Depository, Korean investors […]
Tesla is always looking to build the next gigafactory, and South Korea is one of the most likely destinations. The Asian country’s municipal governments are already angling to be the host after Tesla revealed its […]
South Korean President Yoon Suk-yeol confirmed that the country is willing to offer tailored incentives to Tesla to set up a Gigfactory in the country. In an interview with Reuters, President Yoon said this: If […]
Elon Musk has said Tesla could have as many as 12 Gigafactories by 2030, and it looks like one of those could be in South Korea. In a virtual meeting with South Korean President Yoon […]
The South Korean police have dropped their investigation into alleged defects in Tesla’s door handles that violated the country’s Motor Vehicle Management Act and Act on Fair Labeling and Advertising. The Seoul Metropolitan Police Agency […]
LG Energy Solutions has announced the company would invest 730 billion won (about $568 million) to expand its 4680 and 2170 battery cell production capacity in South Korea. The investment will expand production at LG […]
South Korea has selected Elon Musk’s SpaceX to launch five of their military satellites into low-earth orbit (LEO) over the next three years. The deal will see the first launch onboard a Falcon 9 rocket […]
