South Korea
Companies
South Korea's Ministry of Knowledge Economy (MKE) plans to offer tax breaks on purchases of hybrid cars. So far, three models meet the criteria, which include employing technology...
2009-06-30Companies
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...
2009-05-22Companies
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...
2009-04-03Companies
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,...
2009-03-27Companies
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...
2009-01-27Companies
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...
2009-01-12Companies
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...
2008-12-01Companies
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




