South Korea
GM Korea, union fail to reach wage deal
April 20GM's South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.
As GM mulls options, how does bankruptcy work in S.Korea?
April 19GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales. A look at how South Korea's court-managed bankruptcy protection procedures work.
GM Korea, union fall short of deal before deadline
April 19Wage talks between GM's South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company has set for filing for bankruptcy.
South Korea minister: GM's local unit needs to survive on own in long term
April 16South Korea's finance minister said that public funds could be used to support GM Korea only if it was clear that the business could survive on its own long term.
GM Korea future hangs by a thread as 16-year foray risks folding
April 12After 16 years and billions of dollars in investments, GM faces a decision in South Korea: stay or leave. GM international chief Barry Engle plans to meet South Korean officials this week.
GM Korea may drop Chevy Spark, replace it with crossover
April 9General Motors' South Korean unit said it may discontinue its Spark minicar and replace it with a crossover as demand in the United States falls.
GM workers storm Korea CEO's office after company holds back bonus
April 6GM workers in South Korea forced their way into company executive offices in Incheon, destroying and removing furniture, shortly after the GM unit nixed bonuses due to a cash crisis.
Hyundai group under pressure from U.S. activist hedge fund with $1 billion stake
April 4A unit of activist hedge fund Elliott Management revealed that it holds more than $1 billion worth of shares in key affiliates of Hyundai Motor Group and called for more rapid reform of the auto giant's governance.
Female Hyundai executive resigns amid #MeToo movement
April 3A female Hyundai executive in South Korea has resigned after being accused of pressuring female subordinates to pour drinks for and dance with senior male members of staff.
GM wants to halt shift at Korean plant as sales dive
April 2General Motors' South Korean unit has proposed suspending one of two shifts at a plant near Seoul, an internal union newsletter seen by Reuters showed.
How Korea deal could aid Detroit 3
April 2The agreement, which faces legislative review in both countries, addresses a big imbalance in the automobile trade between the U.S. and South Korea.
Hyundai union calls revised trade deal with U.S. 'humiliating'
March 27Hyundai's South Korean labor union called the nation's revised free trade deal with the United States "humiliating," and said the extended tariffs on pickups mean a missed opportunity to tap into the American market.
