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GM Plant Closure to Undercut South Korean Automobile Industry’s Competitiveness

GM Plant Closure to Undercut South Korean Automobile Industry’s Competitiveness

SEOUL, Feb. 13 (Korea Bizwire) – GM Korea’s decision to close one of its manufacturing plants is expected to undercut the South Korean automobile industry’s competitiveness on the world stage. Reports that General Motors will shutter its Gunsan facility – one of its four car assembly plants in South Korea – over low demand come [...]

Surging Interest in EVs Bodes Well for Korean Green Car Market

Surging Interest in EVs Bodes Well for Korean Green Car Market

SEOUL, South Korea, March 22 (Korea Bizwire) – South Korean TV shopping network Lotte Home Shopping recently experienced firsthand the surge in the popularity of electric cars when it aired a special program last Friday featuring electric cars for lease. During the hour-long broadcast, the network saw more than five thousand customers call in to [...]

Quick Decision-Making and Government Support Key to Helping Troubled Enterprises

Quick Decision-Making and Government Support Key to Helping Troubled Enterprises

SEOUL, May 26 (Korea Bizwire) – Amid the ongoing restructuring of the Korean shipbuilding industry, stories of insolvent global enterprises that have managed to resuscitate themselves have attracted attention. Quick decision-making and bold government support are believed to be the key factors for their revival. GM is one of the companies that succeeded in resuscitating itself, [...]

Good Omen for GM Korea’s New Spark

Good Omen for GM Korea’s New Spark

SEOUL, July 17 (Korea Bizwire) – Preorders for GM Korea‘s latest version of the Spark city car have topped 3,000 in less than three weeks since its media showcase, industry data showed Friday. On July 1, GM Korea, the local unit of U.S. carmaker General Motors, held a media event where it showcased the next-generation [...]