Tivoli Archives | Be Korea-savvy
Automakers Poised to Wage War over Small SUVs

Automakers Poised to Wage War over Small SUVs

SEOUL, Jun. 15 (Korea Bizwire) — Automakers in South Korea are expected to vie fiercely for a bigger slice of the market for subcompact sport utility vehicles (SUVs) following Hyundai Motor Co.’s entry into the fast-growing segment, analysts said Wednesday. In an extravagant rollout in Seoul, South Korea’s leading automaker Hyundai unveiled its first subcompact [...]

Ssangyong Motor Turns to Black for First Time in 9 Years

Ssangyong Motor Turns to Black for First Time in 9 Years

SEOUL, Jan. 23 (Korea Bizwire) – Ssangyong Motor Co., the local unit of Indian carmaker Mahindra & Mahindra Ltd., is believed to have posted an operating profit in 2015 for the first time in nearly a decade, market observers noted Monday.  The observers estimated the company’s operating profit at 50 billion won (US$42.5 million) last [...]