South Korea

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

News: According to just-auto.com, Korea Automobile Manufacturers Association (KAMA) reveals that Korean carmaker's domestic sales were down 32,000 units for the three consecutive... 2008-11-20

News: According to just-auto.com, automaker Nissan Motor has stated that the company will be targeting 10% of imported car market in South Korea by 2015. However, as per Korea Automobile... 2008-11-14

News: According to just-auto.com, South Korea's car maker Hyundai Motor has denied having interest in acquiring Chrysler's Jeep brand. Instead the company has stated that it will... 2008-11-11

South Korean carmaker Hyundai has reported a 38% decline in quarterly net profits in Q308, which was an improvement on the company's forecast. The Q3 net profit of KRW264.8bn (US$187.5mn)... 2008-10-28

South Korean carmaker Hyundai has finally reached a new labour agreement with its union, some four months after negotiations began. Hyundai's members of the Korean Metal Workers'... 2008-09-30

South Korea's Ssangyong Motor is scaling back on both its workforce and the size of its products, in order to recoup some of its losses. The producer of SUVs and large sedans has... 2008-09-25

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