Vince Courtenay


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

Kia Faces Multimillion-Dollar Payout in Wage Lawsuit
A Korean court ruled Kia might suffer financial strain from the judgment but would not be damaged financially because the automaker has enjoyed several years of good profits and is not facing any management crisis.
More Strikes as Hyundai Union Rejects Latest Wage Offer
Negotiations are continuing, however the union has shown no sign of backing down from its original demand for a monthly raise of 154,883 won and bonuses equal to 30% of 2016 net income prorated among employees.
Partial Strikes Against Hyundai Spread to Kia
The Kia union’s strike action committee will meet Wednesday, Aug. 23, to lay out its plan for possible additional strikes. Hyundai workers, meanwhile, have staged 2-hour strikes on four separate days this month. Production losses are not disclosed.
GM India President Named to Head Korean Operations
Kaher Kazem’s appointment as GM Korea chief partially offsets speculation James Kim’s departure signaled GM is planning to pull out of South Korea.
Hyundai Shows Off New Fuel-Cell Model
The new model will replace the ix35 Fuel Cell vehicle and is part of an aggressive electrification plan to be executed over the next several years.
Automakers Threaten to Quit Korea Over Pay Lawsuit 1
“If the prospects of increased personnel costs from (paying) standard wages become a reality, we have no choice but to contemplate moving manufacturing bases overseas,” the Korea Automobile Manufacturers Assn. says.
Hyundai Union Workers in Korea Plan Partial Strikes
The Hyundai Branch of the Korea Metal Workers Union says members will strike for two hours on both the day and afternoon shifts Aug. 10 and Aug. 14. The union has staged partial strikes in each of the past three years.
Hyundai Formally Establishes Genesis Luxury Division
In announcing formation of the new Genesis Div., Hyundai Motor Group says the move was made to enhance response to luxury-car market trends and better meet consumer expectations.
Ssangyong First Korean Automaker to Wrap Up Wage Deal
The labor pact comes as Ssangyong reports red ink for the year’s first half, despite strong domestic sales.
Shrinking Global Sales Hit Kia’s Bottom Line
Kia’s retail vehicle sales were off significantly in China, the U.S. and Korea, dragging down total global volume for the first six months 7.6%.
Contentious Labor Talks Complicate Hyundai’s Plight
Many analysts think a strike is probable, given the union’s seemingly inflexible non-wage demands. They also believe Hyundai is sincere when it says the union’s wage demands are excessive and cannot be met.
Korea Dieselgate Case May Be Sputtering to End
Legal analysts believe prosecutors’ silence over former Audi VW Korea CEO Johannes Thammer’s departure from Korea amounts to tacit downgrading of a legal proceeding that had lost its steam and public appeal.
Hyundai Upbeat About New China Plant Despite Boycott
Hyundai wanted to launch the soon-to-open Chongqing plant three years ago. But the automaker put it on the back burner and instead built its fourth Chinese plant in Changzhou to meet government demands.
Kia Workers Latest to Authorize Strike in Korean Wage Talks
Demands for higher wages come at a time of shrinking domestic sales for Korean automakers.
Korea’s Kia Launches Stonic CUV in Home Market
Some analysts, noting Hyundai owns a 34% stake in Kia and both are controlled by Hyundai Motor Group’s senior management team, believe Kia is keeping the Stonic out of the U.S. market so as not to hamper the Kona, which launches there at year-end.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×