South Korea

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Hyundai says 82 employees hurt in clash with activists in South Korea

8:35 am U.S. ET | July 22, 2013
Hyundai said 82 employees at its biggest assembly plant were hurt in a clash with labor activists in South Korea demanding better conditions for temporary workers.... Read More »

 

For giant suppliers, future growth lies far from roots

12:34 pm U.S. ET | July 21, 2013
A new Korean plant built by Toyota affiliate Denso, which will supply Hyundai and its sister enterprises, underscores a shift in the auto parts industry, from suppliers linked closely to one automaker to a handful of global giants that assemble components for multiple automakers.... Read More »

 

Strikes hit GM Korea at critical juncture

July 11, 2013 06:01 CET
Striking autoworkers at GM Korea have scuttled production of hundreds of vehicles this month, as the union and management haggle over wages and working conditions.... Read More »

 

Strikes hit GM Korea at critical juncture

9:07 am U.S. ET | July 10, 2013
Striking autoworkers at GM Korea have scuttled production of hundreds of vehicles this month, as the union and management haggle over wages and working conditions.... Read More »

 

Bosch battery partner has checkered past

July 5, 2013 06:01 CET
German supplier Robert Bosch, aiming to develop an advanced lithium ion battery that can power electric vehicles much longer than today's batteries, has dumped its South Korean battery partner for a Japanese one.... Read More »

 

Bosch battery partner has checkered past

12:01 am U.S. ET | July 1, 2013
German supplier Robert Bosch GmbH, aiming to develop an advanced lithium ion battery that can power electric vehicles much longer than today's batteries, has dumped its South Korean battery partner for a Japanese one.... Read More »

 

GM's South Korea workers to stage partial strike July 4

June 27, 2013 08:46 CET
Workers at GM's Korea unit will stage a walkout because of disputes over wages and production plans. Employees are worried that Chevrolet Cruze output could be moved to an Opel plant in Europe.... Read More »

 

GM denies it will build Chevrolet Cruze at Poland plant

June 13, 2013 12:52 CET
General Motors will start building the Chevrolet Cruze at its Opel plant in Poland, a report said, drawing a denial from GM.... Read More »

 

GM mulls moving Opel Mokka production to Spain from Korea, report says

June 11, 2013 09:03 CET
General Motors is considering moving part of the current production of the Opel Mokka to Spain from Korea, a German newspaper reported, citing sources within the U.S. carmaker. Opel said earlier this year that it plans to build the next-generation Mokka in Europe and not in Korea.... Read More »

 

GM may not build next-generation Aveo in S. Korea; union threatens strike

June 7, 2013 10:39 CET
General Motors has told its South Korean labor union it has no plans to produce the next-generation Aveo small car in the country for the time being, prompting the union to threaten strike action. GM says the Chevrolet model will be built in China and the United States.... Read More »

 

BMW makes gains in South Korea on free-trade deal

June 4, 2013 14:25 CET
Sales of BMW vehicles in South Korea have tripled since 2009 with the help of a free-trade deal that will get even more advantageous for European carmakers next month. Under new rules, tariffs for some imported European vehicles will be reduced further, posing a small-but-growing threat to domestic carmaker Hyundai's ambition to sell more premium cars at home.... Read More »

 

German brands enjoy sales boom in Korea

May 21, 2013 06:01 CET
South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »

 

Hyundai, Kia losing ground to luxury imports at home as tariffs fall

12:01 am U.S. ET | May 19, 2013
Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the past two years, according to Korean industry groups, as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »

 

GM to discuss labor woes with S. Korea president, union rep says

May 7, 2013 14:29 CET
GM will discuss labor woes in South Korea with the country's president, the automaker's CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its work force in the country. GM makes most of the Chevrolet vehicles it sells in Europe in Korea.... Read More »

 

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