South Korean Manufacturing News - Latest Updates & Headlines
GM Korea to increase vehicle production amid US tariff-related exit concerns
Seoul, April 16: GM Korea, the South Korean unit of General Motors, plans to increase production at its Incheon plant by about 9 per cent this year, the company's labour union said on Wednesday, easing concerns over a potential withdrawal amid growing uncertainty over the United States' tariff policies.
Hyundai Steel suspends cold-rolled plant amid stalled wage talks
Seoul, Feb 24: Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Monday it has suspended its cold-rolled steel plant in the wake of a month-long strike by its workers demanding pay hikes.
Hyundai Motor Group pledges record $16.6 billion investment in South Korea
Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.