SEOUL, June 23 (Korea Bizwire) – Korean prosecutors who were investigating allegations of GM Korea employees receiving kickbacks in return for business favors are now widening the scope of their investigation to also cover bribes related to employment guarantees. Many have testified that an applicant is guaranteed a permanent position regardless of qualifications if executives of [...]
SEOUL, June 6 (Korea Bizwire) – Compact sports utility vehicles (SUVs) have gained popularity among younger customers in South Korea as local automakers have released a series of fashionable, fuel-efficient models to grab a bigger chunk of the quickly growing market, industry data showed Sunday. A total of 10,216 compact SUVs made by Korean automakers [...]
SEOUL, Feb. 12 (Korea Bizwire) – GM Korea Co. is gearing up to launch diverse new Chevrolet and Cadillac models in South Korea this year as it seeks to carve out a bigger slice of the local passenger vehicle market, industry sources said Friday. The plan is in line with the company’s ramped-up efforts to [...]
SEJONG, Dec. 16 (Korea Bizwire) - GM Korea and Toyota will recall 1958 cars sold in South Korea for safety-related mechanical defects, the Ministry of Land, Infrastructure and Transport said Wednesday. GM Korea, the South Korean unit of U.S. automaker General Motors Co., said ignition coils on its Veritas full-size sedans have problems that could [...]
SEOUL, Nov. 26 (Korea Bizwire) – The nation’s top court ruled Thursday that GM Korea Co. should count performance-based monthly wages paid to its employees as part of their ordinary salaries. A total of 1,025 of its workers filed a lawsuit demanding the management include performance-based pay and vacation stipends as part of ordinary pay [...]
SEOUL, Sept. 8 (Korea Bizwire) – City car sales in South Korea hit the highest level in eight months in August, driven by a spike in demand for the latest edition of the Spark launched by GM Korea, industry data showed Tuesday. Sales of city cars with an engine displacement of smaller than 1,000 cc [...]
SEOUL, Aug. 31 (Korea Bizwire) – “Labor costs in Korea are rising rapidly. For example, Indian assembly plants can produce cars at half the cost of those in Korea. The so-called ‘ordinary wage’ issue will affect all Korean industries – not just the automobile industry.” Last May, Sergio Rocha, president and CEO of GM Korea, [...]
SEOUL, Aug. 11 (Korea Bizwire) – Armed with price competitiveness, the bestselling Chevrolet Impala from General Motors is brightening its sales outlook in Korea with pre-sales of more than 1,000 units. According to GM Korea, the local unit of GM, it received more than 1,000 pre-sales for the flagship Chevrolet sedan in just six days since [...]
SEOUL, Jul. 21 (Korea Bizwire) — GM Korea Co., the local unit of U.S. carmaker General Motors Co., plans to launch the diesel version of its Chevrolet Trax crossover SUV in September, industry sources said Tuesday. The new model will likely intensify competition in the small-sized SUV market, which has been expanding at a fast [...]
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 [...]