South Korea

South Korean carmaker Hyundai has been forced to raise the prices of both its domestic and export models, in an attempt to recoup rising raw material costs. The company has revealed... 2008-07-16

South Korea's Daewoo Motor Sales has announced plans to commission vehicles imported from Chinese manufacturers within the next two to three years. Daewoo Motor Sales CEO Lee Dong-ho... 2008-05-21

South Korean carmaker Hyundai Motor has recorded a net profit in the first quarter of 2008, following on the back of its record year for sales in 2007. However, the KRW392.7bn net... 2008-04-25

Japanese carmaker Toyota is planning to follow its compatriots into the Korean market, after witnessing the success of Honda. Since the Toyota Korea sales unit was established in... 2008-03-07

South Korea's GM Daewoo Auto & Technology Co has increased its activity in all industry segments. From April 1, the company will re-enter the mini commercial vehicle segment,... 2008-03-03

South Korea's Kia made a good start to 2008 with global sales up 13.3% y-o-y to 103,385 units in

Despite a disappointing fourth quarter, South Korean carmaker Hyundai Motor achieved a sales record in 2007. Sales revenues were 11.5% higher y-o-y at KRW30.49trn (US$32.12bn), marking... 2008-01-25

After spending KRW200bn (US$217mn) and 18 months on redesigning its SM5 sedan, South Korean carmaker Renault Samsung is looking to the model to earn its keep by boosting domestic... 2007-07-02

Following the almost traditional summer strike in the South Korean automotive industry in 2006, sales rallied in the latter part of the year and have maintained the upward momentum... 2007-05-29

Although the overall South Korean vehicle market grew by 1.8% and production rose by 3.8% in 2006, a slowdown is evident, particularly on the part of domestic manufacturers. When... 2007-03-28