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.
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip
The Public Officials Benefit Association (POBA) will select two to three US private debt fund houses to make senior secured, direct lending of around $150 million to US mid-market companies with sales of $50 million to $1 billion. The amount&hellip
The Carlyle Group has offered 1.9 trillion won ($1.7 billion) in pre-arranged debt financing to potential bidders of its wholly-owned ADT Korea, in a move seen aimed at speeding up the sale of the country’s No. 2 securities service firm.&hellip