GM slowing operations in South Korea

General Motors says it's closing one of its four plants in South Korea and incurring an impairment charge as part of a restructuring of its money-losing business in Asia's fourth-biggest economy. Laura Frykberg reports......»»

Category: videoSource: reutersFeb 13th, 2018

GM pitches $2.8 billion investment in S Korea, officials say

GM proposes a $2.8 billion investment over ten years to save its South Korea operations. Ryan Brooks reports......»»

Category: videoSource: reuters9 hr. 24 min. ago

GM proposes $2.8 billion investment in South Korea

General Motors (GM) has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide its share of the funds, a South Korean government official said on Wednesday......»»

Category: topSource: moneycentral11 hr. 24 min. ago

GM proposes $2.8 billion, 10-year investment in South Korea: government official

SEOUL (Reuters) - General Motors has proposed investing $2.8 billion into its struggling South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday......»»

Category: topSource: reuters21 hr. 9 min. ago

GM"s overhaul in Korea may impact global production

General Motors, the largest U.S. automaker, said a restructuring in South Korean plants could ultimately impact parts of its global operations......»»

Category: topSource: foxnewsFeb 13th, 2018

GM to close auto plant in South Korea in restructuring

General Motors says it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations......»»

Category: topSource: foxnewsFeb 12th, 2018

South Korea weighs options for GM Korea: finance minister

SEOUL (Reuters) - South Korea is considering several options regarding General Motors Co's operations in the country, the finance minister said on Friday after the U.S. automaker called for cooperation over its restructuring efforts......»»

Category: topSource: reutersFeb 8th, 2018

South Korea sees economic growth slowing in 2018 on slowing investment

South Koreans hold record debt while the nation's workforce is shrinking.....»»

Category: topSource: business-standardDec 27th, 2017

North Korea War Drills Prepare U.S. Military for Invasion to Take Kim Jong Un"s Nuclear Weapons

Joint training operations with South Korean forces practiced removing nuclear weapons from North Korea in the event of war......»»

Category: topSource: newsweekDec 17th, 2017

North Korea restarts work at industrial complex jointly owned with South Korea

Thomson ReutersSEOUL (Reuters) - North Korea has restarted operations at the Kaesong industrial zone, state-run web sites said on Friday, after the joint venture with South Korea was suspended last year amid disagreemen.....»»

Category: topSource: businessinsiderOct 6th, 2017

The Wall Street Journal: WeWork announces $500 million in funding for Asian expansion

WeWork Cos. raised $500 million to expand operations in South Korea and Southeast Asia, the company announced Monday......»»

Category: topSource: marketwatchAug 6th, 2017

Nuclear Korean Crisis No Deterrent As Emerging Markets See Massive Inflows

North Korea nuclear crisis? China making aggressive threats in the South China Sea and the economy slowing down? No worries,.....»»

Category: blogSource: valuewalkJun 26th, 2017

North Korea reportedly formed special-operations forces "for the first time" amid tensions with the US

Damir Sagolj/Reuters Amid ongoing tensions with the US, North Korea has created special-operations forces "for the first time," according to South Korea's Yonhap News Agency. Pyongyang announced th.....»»

Category: topSource: businessinsiderApr 18th, 2017

Boeing Roundup: Boeing inks deal to service South Korea"s F-15 jets… First deliveries from Chinese 737 completion center planned in 2018

Chicago-based Boeing (NYSE: BA) has operations around the country. Here are other recent stories reported by The Business Journals. Boeing inks five-year deal to service South Korea's F-15 Slam Eagle fighter jets Boeing has inked a five-year cont.....»»

Category: topSource: bizjournalsMar 14th, 2017

Bank of Korea Keeps Key Rate on Hold

South Korea’s central bank left its policy rate unchanged for a seventh month on Friday, reflecting caution about financial stability in the face of slowing growth. The central bank said in a statement that it expects gross domestic produc.....»»

Category: topSource: marketpulseJan 13th, 2017

S. Korea leaves rate unchanged despite Fed decision

South Korea held its key interest rate unchanged on Thursday, despite an earlier US hike, as an ongoing political crisis tightened the reins on an already-slowing economy. In a move widely expected by analysts, the central Bank of Korea held its benchmark.....»»

Category: topSource: yahooDec 14th, 2016

E Ink Holdings unable to resume operations of Hydis factory

EPD (electrophoretic display) electronic paper maker E Ink Holdings (EIH), in response to ex-Hydis Technologies employees protesting for the reopening of Hydis' factory in South Korea, indicated that production lines at the factory have been declared obso.....»»

Category: topSource: digitimesNov 29th, 2016

Digitimes Research: Mobile telecom carriers prefer LPWA technologies on unlicensed bands for IoT operations

SK Telecom, the largest mobile telecom carrier in South Korea, began to provide nationwide IoT (Internet of Things) services in July 2016 through adopting LoRaWAN (long range wide area network), a non-cellular LPWA (lower-power wide area) technology, on u.....»»

Category: topSource: digitimesOct 25th, 2016

Hanjin Shipping Wins Court Approval to Wind Down Europe Business

Hanjin Shipping Co., South Korea's largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection in late August, won approval from a court to wind down its European operations as demand for its services to the c.....»»

Category: topSource: ttnewsOct 24th, 2016

Here’s Who Might Bid for Hanjin Shipping’s Assets

The shipping giant put up operations used in its Asia-to-U.S. routes last week. South Korea’s Hyundai Merchant Marine said on Tuesday it may submit a preliminary bid for Hanjin Shipping assets used in Asia-to-U.S. routes--a sale seen as key to H.....»»

Category: europeSource: fortuneOct 18th, 2016

Hanjin Shipping Is Selling Off These Businesses in Its Collapse

Assets include the entire operations of the shipping giant's U.S. to Asia routes. South Korea’s Hanjin Shipping is selling major businesses, including its Asia to U.S. route network, and will receive letters of intent by Oct. 28, the company sai.....»»

Category: europeSource: fortuneOct 13th, 2016