South Korea

Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes....
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Hyundai pays the price for prestige

12:01 am U.S. ET | Sept. 27, 2014
Hyundai Motor Group Chairman Chung Mong-koo got what he wanted: a spacious corporate home in Korea's most prestigious neighborhood. Now he is paying the price....
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GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year....
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HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

12:01 am U.S. ET | Aug. 20, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?...
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HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

8:55 am U.S. ET | Aug. 19, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?...
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Smartphone camera makers see next opportunity in cars

2:23 pm U.S. ET | Aug. 15, 2014
South Korean smartphone camera makers are tapping the surging yet more technologically demanding market for vehicle cameras to dull the impact of slowing growth in global handset sales....
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Pope bestows halo on Kia's Soul

Aug. 14, 2014 12:19 CET
Pope Francis is helping to elevate the profile of the Kia Soul beyond that of the car of choice for dancing hamsters....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW invests 55 million euros to boost image in Korea

Aug. 12, 2014 06:01 CET
BMW will open its third global brand experience center later this month in South Korea, which will allow customers to test their driving skills on features including a winding handling circuit and an off-road course....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, others lead shake-up of once-closed Korea

Aug. 11, 2014 06:01 CET
Korean automakers may threaten the global dominance of automakers such as Volkswagen and Toyota, but they are losing ground at home to foreign brands -- especially premium automakers such as BMW and Mercedes....
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Check out the ANE e-magazine for August

Aug. 4, 2014 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at the potential risks and rewards facing Porsche as it strives to achieve global sales of 200,000 vehicles a year....
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GM Korea reaches tentative wage deal, averting strike

6:30 am U.S. ET | July 28, 2014
General Motors' South Korean unit reached a tentative wage deal with its labor union today, averting a potential strike at one of its key Asian production bases....
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GM Korea could make next-gen Cruze if union calls off strike

7:22 am U.S. ET | July 24, 2014
GM's South Korean subsidiary told its employee union that the automaker could consider making the next-generation Chevrolet Cruze in South Korea if the union calls off a wage-related strike....
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GM Korea workers vote to strike as wage talks continue

6:29 am U.S. ET | July 9, 2014
GM's South Korean workers today voted to go on strike over salaries and production volume, signaling tough annual wage talks for automakers already grappling with falling earnings because of the stronger won....
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Hyundai sued in S. Korea after overstating fuel efficiency of Santa Fe

7:12 am U.S. ET | July 7, 2014
Hyundai was sued by consumers in its home market after the nation's transport ministry said the company overstated the fuel efficiency of one of its models....
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GM Korea contractor probed by prosecutors for possible leak of engine technology

7:05 am U.S. ET | July 2, 2014
General Motors said South Korean prosecutors are investigating whether a contractor leaked the carmaker’s engine technology overseas....
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GM Korea faces most critical wage negotiations ever, CEO says

8:23 am U.S. ET | May 29, 2014
GM's South Korea chief said local labor costs may rise 15 percent, fueling profitability concerns in a country where exporters are already struggling with the won's climb to a six-year high....
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Hyundai plans new 'flagship' sedan to combat growing rivals at home

3:22 am U.S. ET | May 29, 2014
Hyundai, feeling pinched at home by increasingly popular import brands, will add a new "flagship" sedan slotted between the Azera and Genesis to try to win more high-end sales....
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HANS GREIMEL

Hyundai goes 'Gangnam Style' with glitzy global showcase

12:42 pm U.S. ET | May 16, 2014
Hyundai is going “Gangnam Style” with a glitzy new showcase smack in the middle of its hometown's ritziest neighborhood....
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GM KOREA REGROUPS

After losing Europe as an export market, unit cuts output, eyes new markets

12:01 am U.S. ET | May 5, 2014
Sergio Rocha, the 35-year GM engineering veteran who runs GM Korea, has hustled to adjust to tough times for the automaker. The company compromised with unions on slowing output, implemented white-collar buyouts and is now eyeing new export markets such as Australia as substitutes for lost European sales. Rocha has also delivered record sales of 151,341 vehicles in Korea last year. GM now has a 10 percent share, making it the country's No. 3 player....
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After losing Europe, GM Korea eyes new markets

May 5, 2014 06:01 CET
When GM decided to pull Chevrolet from Europe, it saddled its Korean unit with 150,000 units of excess capacity. GM Korea is now eyeing new markets such as Australia as substitutes for lost European sales....
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GM doubles size of Korean design center, hub for small-car development

12:59 pm U.S. ET | April 25, 2014
GM has doubled the size of its South Korean design center to take on a host of new tasks, from full-scale modeling to 3-D printing, as the carmaker aims to fortify its global hub for small-car development, design and manufacturing....
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Ford, Canadian union criticize South Korea trade deal

8:00 am U.S. ET | March 12, 2014
A new free trade agreement with South Korea will throw a wrench into Canada's auto sector recovery, Ford and Canadian union leaders warned on Tuesday, highlighting the pressure on an industry already struggling with competition from Mexico....
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