South Korea

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

Hyundai has announced that it expects a 6% fall in Hyundai and Kia sales for 2006 due to strikes in the