To tide over these controversies, GM Korea decided to reduce its price although it was just in its initial stage of sales. GM Korea announced on March 8 that it resumed the production of the All New Cruze from March 7 after carrying out a full-sample test.
GM Korea originally planned to start delivery of the All New Cruze from late last month but delayed the delivery after some quality problems arose due to parts it procured from subcontractors.
Starting with the delivery of the new model, GM Korea is launching aggressive marketing, offering a discount of up to 2 million won. The retail price of the Cruze, accordingly, is lowered to 16 million won, similar to that of its rival models, thereby securing price competitiveness.
The National Pension Service (NPS) has begun running an emergency inspection system for its investment management department with the appointment of acting chief investment officer and global alternative investment head, the South Korean pension fund said on July 25. In-Sik&hellip
South Korean asset managers are joining hands with French property investment firms to buy prime commercial buildings in the Netherlands and Belgium as they are turning eyes to the Benelux region for higher returns, sending their real estate values to&hellip
Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pension Service (NPS) has put on the block in a transaction expected to fetch around €1.1 billion ($1.3 billion),&hellip