The South Korean economy grew at the fastest pace in more than two years in the first quarter beating all estimates with a pick-up in domestic consumption and robust exports, but the market questioned if the recovery was sustainable.

Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.

South Korea's economy grew at the fastest pace in over two years in the first quarter of the year on the back of a continued recovery in exports and a rise in construction investment, central bank data showed Thursday.

South Korea's Hyundai Motor Group will launch its first India-manufactured electric vehicles by 2025 as the parent of the Hyundai and Kia brands looks to boost its presence in the nascent space dominated by Tata Motors .

Hyundai Motor Group Executive Chair Chung Euisun visited India to boost the carmaker's strategic inroads into the country's emerging and highly lucrative electric vehicle (EV) market, the company said Thursday.

Hyundai Motor Group Chairman Chung Eui-sun (7th from R, second row) poses for a group photo after holding a town hall with his employees while visiting the South Korean carmaker's regional headquarters in Delhi,