GM Korea Archives | Be Korea-savvy
GM Korea CEO Vows to Turn Around Local Business

GM Korea CEO Vows to Turn Around Local Business

SEOUL, Nov. 30 (Korea Bizwire) – GM Korea Co. chief Kaher Kazem vowed Thursday to make every effort to turn the company around, saying its losses over the past two years are not acceptable. In a meeting with Seoul-based journalists, GM Korea Chief Executive Kaher Kazem said the carmaker posted a whopping 2 trillion won (US$1.8 billion) in total losses for the three years through 2016. Kazem [...]

More FTA Troubles Between S. Korea, U.S. Over Chevy Impala Recalls

More FTA Troubles Between S. Korea, U.S. Over Chevy Impala Recalls

SEOUL, Nov. 10 (Korea Bizwire) – The South Korean government will have another issue to discuss in the next round of FTA negotiations with the United States after a recall of imported Chevrolet Impalas has been delayed in adherence to a clause in the trade pact. The clause in question stipulates that a business can [...]

Foreign Carmakers Refuse to Recall Faulty Takata Airbags in Korea

Foreign Carmakers Refuse to Recall Faulty Takata Airbags in Korea

SEOUL, Nov. 9 (Korea Bizwire) — Despite massive recalls of Takata airbags that have been labeled as ‘dangerous’ in other countries, a number of foreign automobile manufacturers are refusing the South Korean government’s request to follow suit. According to the Ministry of Land, Infrastructure and Transport on Tuesday, 14 out of 17 car manufacturers in South [...]

Renault Samsung Flying High in Harbour Report’s List of Most Productive Manufacturing Plants

Renault Samsung Flying High in Harbour Report’s List of Most Productive Manufacturing Plants

SEOUL, Oct. 25 (Korea Bizwire) – Automakers Renault Samsung and GM Korea found themselves on opposite ends of the spectrum in a listing of manufacturing plants with the highest productivity, per the ’2016 Harbour Report’, derived by utilizing HPU figures (Hours Per Unit) provided by global consulting firm Oliver Wyman. Renault Samsung’s Busan-based manufacturing plant [...]

GM Korea’s Labor and Management Once Again Fail to Reach Agreement on Wages

GM Korea’s Labor and Management Once Again Fail to Reach Agreement on Wages

SEOUL, Sept. 14 (Korea Bizwire) – As speculation continues to grow over the possible withdrawal of General Motors from South Korea, attempts to come to an agreement on wages abruptly ended with little to no progress on Wednesday, putting the company’s future into uncharted waters. The 19th wage bargaining talks between GM Korea’s management and the [...]

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 [...]