SEOUL, July 9 (Korea Bizwire) — The labor union of GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., plans to stage a partial strike this week, as it has failed to narrow differences with management in ongoing wage negotiations, union officials said Wednesday. Unionized workers will stage two-hour walkouts across [...]
SEOUL, July 7 (Korea Bizwire) — An ongoing labor dispute at GM Korea Co., the South Korean unit of General Motors Co., has escalated as the union secured the legal right to strike following a breakdown in wage negotiations, sources said Monday, fueling concerns that the American auto giant may scale back its production in [...]
SEOUL, May 29 (Korea Bizwire) — General Motors’ South Korean unit has announced plans to sell off domestic service centers and production facilities, fueling renewed speculation that the Detroit-based automaker may be preparing to wind down its presence in the country. On Thursday, GM Korea informed employees of its decision to divest nine company-owned service [...]
SEOUL, May 28 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak demand for its vehicles. In response to a rapidly evolving industry landscape and global business [...]
SEOUL, May 2 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company [...]
SEOUL, April 17 (Korea Bizwire) — As speculation swirls over a potential withdrawal of General Motors (GM) from South Korea amid mounting pressure from U.S. tariff policy under the Trump administration, GM Korea has publicly rejected the rumors and reaffirmed its long-term commitment to the local market. Speaking at the media launch of Cadillac’s newly [...]
SEOUL, April 2 (Korea Bizwire) — The United States’ plan to impose25 percent tariffs on imported automobiles starting this week has ignited concerns over the long-term stability of GM Korea Co., the South Korean unit of General Motors (GM) Co., raising the possibility of its potential withdrawal from South Korea, industry observers noted Wednesday. GM’s [...]
SEOUL, March 18 (Korea Bizwire) — GM Korea has officially unveiled the world’s largest GM-owned service center, underscoring the automaker’s long-term commitment to the South Korean market. At a media tour held on Tuesday at the GM Seoul Service Center in Yeongdeungpo, William Henry, GM’s senior vice president for international operations, emphasized the center’s significance. “In [...]
SEOUL, March 8 (Korea Bizwire) — As concerns grow over potential U.S. auto tariffs under Donald Trump’s administration, executives and union leaders from GM Korea are set to visit General Motors’ headquarters in the United States to discuss the company’s future operations. According to the GM Korea chapter of the Korean Metal Workers’ Union (KMWU), representatives from both [...]
SEOUL, Feb. 10 (Korea Bizwire) — Until the late 1990s, the gray uniforms of Daewoo Motors workers in Bupyeong, Incheon, were a symbol of pride. These “Daewoo men” were welcomed everywhere in town, representing not just local economic vitality but South Korea’s industrial might. That era came to an abrupt end when Daewoo Motors defaulted in [...]