All Korea Rep articles – Page 3
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ArticleGM to close flagging Gunsan plant
GM’s division in South Korea has said it will close its under-utilised Gunsan plant at the end of May, following three years in which it has been running at just 20% of its capacity.Gunsan has an installed annual production capacity of 260,000 vehicles but produced only around 34,000 last year, ...
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ArticleUK vehicle exports to India fall sharply
Figures from the Society of Motor Manufacturers and Traders (SMMT) have shown a growing divide between the number of finished vehicles the UK imports from India and the number it exports to the country.According to the SMMT, finished vehicle imports from India into the UK grew by 8.3% in 2017 ...
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ArticleSkiaker steps down as CEO of Höegh Autoliners following US fines
Ingar Skiaker (pictured) has decided to step down after six years as CEO of Höegh Autoliners, following the company’s recent settlement with US authorities in a price-fixing investigation.Ivar Myklebust, chief financial officer since 2014, will take on the CEO role from December 1st, while Skiaker, a 30-year company veteran, will ...
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ArticleWWL reports positive third quarter thanks to ocean trade and cargo mix
Wallenius Wilhelmsen Logistics (WWL) has reported strong results for the third quarter this year thanks to what it called "continued positive development in ocean volumes and cargo mix" across global lanes, including shipments of mining equipment. The company also said that progress was being made in its organisational restructuring and ...
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ArticleKuehne + Nagel expands Eurasia Express services with rail to Europe
Kuehne + Nagel (KN) has expanded its Eurasia Express rail service to take shipments between China, South Korea and other Southeast Asian countries to Europe. It said its service from Changchun in northern China, which connects weekly to Hamburg in Germany, would be attractive to automotive customers, and that the ...
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ArticleSollers plans to relaunch assembly of SsangYong vehicles in Russia
Speaking in a recent press conference, Vadim Shvetsov, the CEO of Sollers revealed that the Russian company plans to relaunch assembly of SsangYong finished vehicles at its plant near Vladivostok from next year.He added, however, that this is being considered under a “the best scenario” as demand for SsangYong cars ...
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ArticleKN launches lithium-ion battery logistics service out of Asia
This year’s IAA motor show in Frankfurt, Germany was notable for the continued focus on vehicle electrification, with carmakers committing to more electric vehicle (EV) models and options in the coming years. Governments, meanwhile, from the UK and France to China, have recently announced plans to shift away from combustion ...
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ArticleBMW opens biggest logistics centre outside of Germany in South Korea
BMW has opened a regional distribution centre (RDC) in South Korea that is its largest outside of Germany, following an investment of 130 billion won ($116.4m).The 57,000 sq.m. facility, in Anseong, south-west of the capital Seoul, was opened last week and is three times the size of its existing RDC ...
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ArticleReport suggests US is reviewing its trade deal with South Korea
US vice-president Mike Pence (pictured) has indicated during his visit to South Korea that the trade deal between the two countries is under review and could be reformed, according to a Reuters report.The deal, which came into effect in 2012, has had a positive impact on US vehicle exports to ...
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ArticleSouth Korea special reports: Miracles and vehicles on the Han
As the world’s third largest exporter of vehicles, South Korea – and especially Hyundai Motor Group – makes a big splash when it comes to vehicle shipping and logistics. But as the industry changes, with growing regional production, fewer exports of some vehicles, and more competition at home, the supply ...
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