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) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
Jae-Sang Kim, who had worked with National Pension Service’s (NPS) Chief Investment Officer Myoun-Wook Kang in asset management firms for several years, was appointed on May 24 to lead the global alternative investment division of the $500 billion pension fund. NPS&hellip