S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL

Highlights –

• S. Korea’s automobile exports rose to 53% in April.
• In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
• Hyundai Motor Co. saw its exports jump 40.3 percent in April.
• SsangY...

S. KOREAN CARMAKERS SAW A JUMP IN SALES BY 77% IN APRIL

Highlights –

• S. Korean carmakers saw a jump in sales by 77% in April.
• The five carmakers sold a combined 630,691 vehicles in April.
• Hyundai reported its sales to double to 345,777 units from 167,693 a year ago.
• Kia's sa...

S. KOREA’S EXPORTS OF AUTOMOBILES INCREASE BY 35 PERCENT IN FEBRUARY

Highlights –

• S. Korea’s exports of automobiles increase by 35 percent in February.
• In February, outbound shipments of automobiles were 161,886 units.
• Hyundai saw overseas sales increase by 40.4 percent in terms of units.
...

S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021

Highlights –

• S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
• The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
• Domestic sales of the ...

GM ISSUES STERN WARNING THAT LABOR UNREST COULD ABRUPTLY END ITS STAY IN SOUTH KOREA

• General Motors (GM) of the United States has passed a stern warning to the GM Korea Labor Union that the company could evacuate from Korea if the union continues its strike action.
• GM Korea union fighters have been enforcing partial lay-offs daily since Oct. 30 to meet their de...

GM KOREA TO RETHINK FUND INFLOW IN MAIN PLANT AMIDST ONGOING STRIKE

• GM Korea Co., the South Korean unit of General Motors Co., said Friday it will weigh its decisions and reconsider investing in its main plant as its union continues to strike for higher wages.
• GM Korea will mull over making an investment in the company's No. 2 Bupyeong plan...

KIA MOTORS STILL FACING LABOR DISPUTES

Labor disputes in some of the major automakers are acting as a barrier towards growth. Korea's labor dispute is due to a low wage deal for the year 2019. Of the country's popular five carmakers, Hyundai Motor Co. and SsangYong Motor Co. have already settled the deal before entering 2020.<...

MERCEDES-BENZ 2019 PERFORMANCE IN KOREA IS RECORDED AS THE BEST

Mercedes-Benz's performance in the year 2019 was marked as the best in the Korean market, since its entry into the market. Mercedes-Benz outperformed Korea-based automaker GM Korea. This is the first time in the history of the Korean Automobile market that an imported-car brand has recorded a...

Will the GM strike affect the Korean Auto scene?

As there are strikes at the United States-based carmaker General Motors, similar strikes are going on in the Korean counterpart of General Motors. The Korean auto sector has seen this first hit since the auto industry crisis has started, which is a good sign as the crisis came to the nation at th...