South Korea

Kia profits rise 8.9% in Q3 despite strike-related losses

9:14 am U.S. ET | Oct. 25, 2013
A three-week union strike in its home market hampered Kia Motors profits during the third quarter, but the automaker said it still posted an 8.9 percent gain in net income....
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Hyundai third-quarter profit advances on China, Brazil

Oct. 25, 2013 06:01 CET
Hyundai reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil....
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Hyundai Motor Q3 profit advances on China, Brazil

10:27 am U.S. ET | Oct. 24, 2013
Hyundai Motor reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil....
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Hankook Tire to invest $800 million to build first U.S. plant

7:50 am U.S. ET | Oct. 14, 2013
Hankook Tire, South Korea's biggest tiremaker, will invest $800 million to build its first factory in the United States as automakers stay on track for a fifth straight year of growth....
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Kia reaches wage pact with union workers to end strikes

12:42 pm U.S. ET | Sept. 13, 2013
Kia's union workers in South Korea approved a wage agreement that ends a three-week strike that cost the company an estimated 414 billion won ($381 million) in lost production....
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Hyundai workers end strike after wage deal reached

11:21 am U.S. ET | Sept. 9, 2013
Hyundai's unionized workers in South Korea voted in favor of a wage deal today, a union spokesman said, ending strikes that had hobbled production at the automaker's biggest manufacturing base....
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Hyundai Motor and union reach tentative wage deal

9:22 am U.S. ET | Sept. 5, 2013
Hyundai Motor has reached a tentative wage deal with its South Korean labor union, a union spokesman said today. Should the union's members approve the deal in a vote on Monday, Hyundai, which along with affiliate Kia Motors ranks as the world's fifth-biggest carmaker, should avoid further production losses....
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Halla Visteon starts HVAC unit production in Russia

2:22 pm U.S. ET | Sept. 4, 2013
Halla Visteon Climate Control said it has begun manufacturing operations for heating, ventilation and air conditioning units in Togliatti, Russia....
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Hyundai's South Korean workers to stage more partial strikes

8:09 am U.S. ET | Aug. 30, 2013
Hyundai Motor's South Korean workers plan to extend a partial strike for another two days after the latest round of wage talks failed to produce an agreement....
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Hyundai's Korean union to extend partial strike

Aug. 27, 2013 14:05 CET
Hyundai workers in South Korea plan to extend a partial strike by another two days after the latest round of wage talks failed to produce an agreement....
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Hyundai workers in South Korea plan another partial strike

10:46 am U.S. ET | Aug. 22, 2013
Hyundai's South Korean workers are planning another partial strike after annual wage negotiations with management collapsed, a union spokesman said today. The automaker's 45,000 unionized workers plan to stop working for four hours on Friday and next Monday, the spokesman said. Workers have already stopped work for a total of eight hours this week....
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Hyundai union strike cost $39 million in lost output today in S. Korea

9:58 am U.S. ET | Aug. 20, 2013
Union members at Hyundai Motor in South Korea staged a partial strike today that cost the automaker 43.5 billion won ($39 million) in lost output, with plans for another work stoppage Wednesday before resuming wage negotiations....
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Hyundai union, seeking higher wages, to stage partial 2-day strike in Korea

7:49 am U.S. ET | Aug. 19, 2013
Union members at Hyundai Motor Co. in Korea will stage a partial strike Tuesday and Wednesday as they demand higher wages amid increasing competition with Japanese carmakers....
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Hyundai, Kia brace for second straight year of labor strikes in Korea

Aug. 14, 2013 11:19 CET
Hyundai and Kia workers in South Korea have agreed to go on strike for a second straight year to demand higher wages....
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GM to reduce reliance on South Korean output as labor costs rise, report says

Aug. 12, 2013 06:01 CET
GM has begun gradually cutting its presence in South Korea after mounting labor costs and militant unionism triggered a reevaluation of its reliance on the country for a fifth of its global production, sources say....
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Korean brands keep pushing their boundaries

12:01 am U.S. ET | Aug. 12, 2013
New products on the way from Hyundai and Kia will continue to test the boundaries of both brands....
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GM to reduce reliance on South Korean output as labor costs rise, report says

9:05 pm U.S. ET | Aug. 11, 2013
GM has begun gradually cutting its presence in South Korea after mounting labor costs and militant unionism triggered a reevaluation of its reliance on the country for a fifth of its global production, three individuals familiar with GM's thinking told Reuters....
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Hyundai Motor union plans strike vote after wage talks collapse

5:31 am U.S. ET | Aug. 6, 2013
Hyundai Motor's labor union in South Korea will vote to decide whether to go on strike after it failed to reach a deal on wages and benefits with management today, a union spokesman said....
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GM moves to ease shortage of 'red hot' Encores

1:56 pm U.S. ET | Aug. 5, 2013
GM underestimated initial U.S. demand for the Buick Encore when it was launched in January and says it recently boosted output of the crossover at a plant in South Korea....
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GM will debut new Spark in 2015, delays Aveo launch, union says

July 30, 2013 08:49 CET
GM plans to launch the new Chevrolet Spark in 2015, but will delay the launch of its revamped Aveo, a Korean labor union spokesman said. The Spark/Matiz, is Chevrolet's best-selling model in Europe while the Aveo is No. 3 after the Cruze compact....
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GM's South Korean workers OK wage pact after strike dents output

12:34 pm U.S. ET | July 26, 2013
GM's South Korean workers approved an annual wage deal, ending 13 days of partial strikes where the company produces more than 40 percent of its Chevy-branded cars, a union spokesman said on Friday....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
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