South Korea

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

China's Brilliance Automotive has reached an agreement with South Korea's Pyeonghwa Motor Corp to build buses in North Korea. Pyeonghwa will assemble the 'light' buses at its plant... 2007-02-19

South Korea's Kumho Tires has won an original equipment supply contract from DaimlerChrysler for its Mercedes A-Class models. Kumho will become the first Korean company to join the... 2007-02-16

Toyota's luxury brand Lexus is aiming to increase its sales in South Korea, boosted by its position as the only manufacturer in the country to offer a hybrid model. The Japanese marque... 2007-02-13

The appreciation of the South Korean won undermined

South Korea's Hyundai Motor plans to follow up its 5% increase in global revenues in 2006 with a 13.5% boost in 2007. In a filing to the Korea Exchange, the carmaker stated that it... 2007-01-02

Strike action has severely affected automotive production and exports, prompting BMI to forecast lower output growth for 2006 in its recently published South Korea Automotives Report.... 2006-12-22

South Korea's Hyundai Motors has reported an operating profit of KRW183.2bn in Q306, compared with KRW268.1bn in the same quarter of the previous year. The company has attributed... 2006-10-31