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Investor expectations were buoyed at the beginning of the year with the inauguration of pro-business President Yoon Suk-yeol.

Musk said that South Korea was among its top choices for an EV factory in Asia.

By Soo-hyang Choi and Heekyong Yang SEOUL (Reuters) - Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia

Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making electric vehicles (EVs), according to South

By Soo-hyang Choi and Heekyong Yang

South Koreas LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S.

South Koreas LG Chem will invest $3 billion to build a battery cathode factory in Tennessee, to meet rising demand for U.S. electric vehicle components.

The facility is part of the company’s efforts to meet the growing demand for American electric vehicle battery components.

GM is investing $35 billion to make its lineup fully electric by 2035, while Ford is plowing $50 billion.

South Korean battery makers have urged the U.S. government to factor in realities of a complex supply chain for the industry and not hold the sector to "impossible requirements" ahead of the