South Korea

Holden Delivering New Luxury to South Korea

GM Holden today presented its newest export program – the GM Daewoo Veritas, a long wheelbase luxury flagship tailored for the demanding South Korean market. GM Holden is building Veritas at its vehicle assembly plant in Elizabeth, South Australia, and the Global V6 engine at its engine operations plant in Port Melbourne, Victoria.

2009 GM Daewoo Veritas: Holden Delivers New Luxury to South Korea

GM Holden Chairman and Managing Director, Mark Reuss, today described the vehicle as a great addition to Holden’s export portfolio demonstrating the company’s reach and flexibility.

MMSK, Mitsubishi Motors' sole distributor in Korea, established for new market entry

Seoul, July 3 2008 — Mitsubishi Motors Corporation announces that, as one of the key elements of its strategy for the Asian region in fiscal 2008, it is to enter the built-up car sales business in Korea working through its sole distributor in that country MMSK Corporation (see profile below).

2008 Mitsubishi Lancer Evolution: One of the cars to be introduced to the Korean market in October 2008

Joint venture planned to start in September 2008 with company to be headquartered in Korea

Stuttgart, June 16, 2008 – Robert Bosch GmbH and the Korean company Samsung SDI Co. Ltd. have decided to set up a joint venture to develop, manufacture, and sell lithium-ion batteries. It is planned that the joint venture, which is to be named "SB LiMotive Co. Ltd." and to be headquartered in Korea, will start operations in September 2008. The shareholding of Robert Bosch GmbH will be 50 percent and that of Samsung SDI Co. Ltd. 50 percent – both companies will be equally represented on the board of management and on the board of directors. The foundation of the joint venture is still subject to approval by antitrust authorities.

- South Korean Cars Make First Appearance on CR's Most Satisfying List
- Domestic Models Gain Ground in Family and Luxury/Upscale Categories for the First Time in Five Years

YONKERS, N.Y., Dec. 3 /PRNewswire - USNewswire/ -- Japanese vehicles continue their domination over domestic and European brands in Consumer Reports' Annual Car Owner Satisfaction Survey. Of the 39 car models that made Consumer Reports' latest Most Satisfying car list, 18 toted Japanese nameplates with 10 of those built by Toyota.

BorgWarner Expects to Produce Nearly 2 Million Turbochargers in Korea within Five Years

AUBURN HILLS, Mich., Nov. 19 -- Driven by increasing worldwide demand, BorgWarner's majority-owned subsidiary, SeohanWarner Turbo Systems, opened a 52,000-square-foot (4,800-square-meter) facility on the BorgWarner Engine Group campus in Pyongtaek, Korea. The world- class facility includes office, production and warehousing space for a workforce expected to reach 130 within five years.

In addition, the facility will house the first on-site engine and turbocharger testing cells for a turbocharger supplier in Korea. The test facilities will be commissioned later this year and fully operational early next year, further enhancing collaborative relationships with customers.

OTTAWA, Oct. 23 /CNW/ - If the Canadian federal government proceeds with a free trade agreement with Korea as it has promised to do, the impact on Canadian communities would be disastrous, according to a new study.

The study will be released by the Canadian Auto Workers union at the House of Commons Press Gallery this morning.

The study, "Provincial Employment Effects of Canada-Korea Free Trade," finds the job loss would be most acute in Ontario and Quebec, with an expected loss of approximately 17,400 jobs and 8,300 jobs respectively. Even resource rich provinces like Alberta and British Columbia will be set to lose thousands of jobs.