The president of the Korea Metal Workers Union’s Hyundai branch issued a statement saying the company has not offered a wage package better than the one the union rejected in late December and said partial...
Hyundai is under duress of strike action at a time when it has a vital new model, the Kona compact CUV being introduced in the U.S. and Europe, and is suffering huge sales drops in China.
If the union wins the same wage increase from GM Korea as it seeks from Hyundai and Kia, analysts believe, it will push GM’s strategic planners to look for ways to cut the money-losing, strike-prone subsidiary...
On learning of Opel’s plan to drastically cut imports, leaders of the GM Korea branch of the Korean Metal Workers Union went to news media encouraging them to write articles demanding the company pledge to not...
To many, the outpouring of support for the U.S.-owned company is reminiscent of the Korean economic crisis of the late 1990s, when citizens donated family gold jewelry and other precious metals to help refill their...
Ssangyong Chairman Pawan Goenka is quoted as saying that once the board approves the investment plan it will take 3½ years to enter the U.S. market. That would occur in 2020, when Ssangyong plans to unveil an...
GM Korea President Kaher Kazem’s failing to directly respond to specific questions about a possible pullout has only intensified speculation that GM indeed may decide to withdraw its operations if analysis...
A Ssangyong spokesman says changes in laws governing foreign automakers’ investments and pending environmental regulations are factors, as is the impact of China’s ongoing boycott of Korean-made products...
Short of boosting production to optimum levels by assigning models built elsewhere to GM Korea’s underutilized, high-cost plants, the chances of realizing a profit based on the company’s current...
Most of the basic Audi and VW models whose sales in Korea were banned in July 2016 have completed recall requirements and are ready to return to market. Several new models have met emissions tests and new, experienced...