Valeo Electrical Systems Korea Ltd. President Kang Ki-bong tells reporters he is asking the Valeo SA board of directors for permission to cease operations in the Korean market. The executive says the proposal was made after Hyundai Motor Co. Ltd. advised it plans to change suppliers because of frequent strikes and labor unrest at the Valeo plant in Gyeongju. A Hyundai spokesman declines to comment. Hyundai is the largest customer for the French supplier, which provides the auto maker ...

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