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GM Korea President Emphasizes Importance of Local Operations

GM Korea President Emphasizes Importance of Local Operations

SEOUL, Sept. 7 (Korea Bizwire) — GM Korea President Kaher Kazem addressed concerns regarding a possible pullout from South Korea at the company’s headquarters in the Bupyeong District of Incheon on September 6. As part of the face-to-face with the media, reporters were given access to the normally off-limits Design Center where they got a [...]

LG Group Rules Out Producing Its Own Electric Cars

LG Group Rules Out Producing Its Own Electric Cars

SEOUL, Sept. 7 (Korea Bizwire) — LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday. “We are not even considering manufacturing a complete vehicle,” an LG Group official stressed. Industry watchers have been speculating that [...]

Kia Motors Does Away With Overtime After Court Ruling

Kia Motors Does Away With Overtime After Court Ruling

SEOUL, Sept. 3 (Korea Bizwire) — After a South Korean court ruled on August 31 that regular bonuses and meal allowances are to be considered part of ‘ordinary wages’ at Kia Motors, significant attention is being focused on whether Kia’s average annual wage will now surpass 100 million won. However, since salary negotiations are based on [...]