South Korea

A scrappage tax break introduced by the South Korean government on May 1 is already having a favourable impact on car sales. According to data provided by the country's five domestic... 2009-05-22

South Korean carmaker GM Daewoo Auto & Technology (GM Daewoo) is in close talks with its bank and major shareholder, the Korea Development Bank (KDB), as it approaches what it... 2009-04-03

The South Korean government has unveiled measures aimed at kick-starting the autos sector, both in terms of financing and future development. From May, tax cuts are being implemented,... 2009-03-27

South Korean carmaker Hyundai has cited its product mix and the ability to diversify its overseas markets as prominent factors in the 6.8% growth in its global sales in 2008. The... 2009-01-27

South Korean carmaker Ssangyong has filed for bankruptcy protection, following a poor year for sales in 2008. Despite a handout of US$45mn from Chinese parent Shanghai Automotive... 2009-01-12

South Korean carmaker Hyundai intends to launch its first hybrid model in July 2009, marking a delayed entry into the dual-fuel market. According to the Financial Times, Hyundai will... 2008-12-01

News: South Korean carmaker GM Daewoo Auto & Technology (GM Daewoo), a subsidiary of US car maker General Motors (GM) has announced the closure of a production line for a period... 2008-11-26