Vince Courtenay


Vince covers South Korea and other markets in the Asia/Pacific region.

GM Korea Union Threatens Strike Over Pay, Work Rules 
Korea’s National Labor Relations Commission can order a 10-day cooling-off period before the union can take strike action.
Hyundai Breaks Ground on China Plant, Adds to HQ Investment
The automaker’s fifth plant in China comes at a time when the market is down, and its already hefty outlay for a new headquarters is expected to increase by at least $1.5 billion. Both investments have analysts worried.
Hyundai Reportedly Planning Second U.S. Plant
The automaker denies a report by the Korean government’s Yonhap news agency that it will build a second U.S. plant to meet demand for CUVs, a market segment in which it offers only two models.
Ssangyong Can’t Afford Many Misses, But Tivoli a Hit
Robust demand and ratcheted-up sales projections for the Tivoli may prove to be a two-edged sword for Ssangyong as the low-volume automaker heads into traditionally contentious contract talks with its workers union.
Kia to Open 21 New Dealerships in Mexico, Confirms New Plant to Be Export Hub
The new showrooms mark the beginning of the brand’s foray into Mexico, which will be capped by the launch of pre-production of Forte small cars at a greenfield site near Monterrey in December.
Hyundai Acts to Head Off MERS Virus
Chairman Chung Mong-koo has ordered senior executives to personally go on site at Hyundai’s major plants and supervise the anti-MERS initiative.
Hyundai, President Park Shape South Korean Synergy
Park Geun-hye’s Hyundai connection goes back to her first day in office, when she became the first Korean president to use a Korean car – a stretched Equus – as the official inauguration vehicle. Her predecessors rode in foreign-made limousines.
Labor, Product Challenges Await New GM Korea COO
GM Korea chief Sergio Rocha says James Kim will be responsible for managing all operations, including production, quality control, parts sourcing and labor relations. Rocha will continue handling other executive responsibilities, including strategic development and implementation of sales, marketing and service programs.
GM Korea Woos Microsoft Korea CEO, Reports Say
The Korea Times reports James Woo Kim will take over as CEO of GM Korea in April 2016 after spending a 10-month period as COO.
GM Korea Union Seeks Hefty Pay Hikes, Job Guarantees 
The KMWU’s wage-hike demand is 252% higher than the 63,000-won monthly increase agreed upon in 2014, and it seeks bonuses 43% to 238% higher than the average 10.5 million won paid out last year.
Hyundai Standing Pat With Winning Hand in India
Hyundai is balking at building a third plant because it currently has more than enough production capacity in India, allowing it to circumvent tariffs ranging from 80% to 135% on imported cars.
Hyundai, Kia Working to Stanch Bleeding in Russia
Some analysts attribute Hyundai’s and Kia’s success to having the right products in the right place, with beneficial synergies and economies accruing from their interconnected affiliated companies.
Incentives Designed to Jump-Start Korean EV Market
Incentives for 3,090 EVs are available this year. When added to the 3,014 EVs registered nationwide at the end of 2014, plus the 10,000 proposed new incentives, the government calculates more than 16,000 EVs will be on Korean roads by the end of 2016.
Super-Luxury Automakers Follow the Money in Korea 
Many of Korea’s millionaires are just a generation or two removed from the days when their families lived humbly, so the supercars are one way to make a show of their elevated socioeconomic status.
China Strong-Arms Hyundai Into Building Fifth Plant
Hyundai Vice Chairman Chung Eui-sun said at the Cangzhou plant’s groundbreaking only that it would help increase the Beijing Hyundai Motor joint venture’s sales. He could not publicly say it was a plant Hyundai did not want to build.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×