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.
HI Investment & Securities Co. Ltd., an affiliate of South Korean shipbuilder Hyundai Heavy Industries Co. Ltd., has established an offshore aircraft leasing company to buy two used Boeing 777-300ER aircraft from a Chinese leasing firm for $209 million, jointly&hellip
ING Life Insurance Korea Ltd. sees core office buildings and infrastructure in the US and Europe remaining as attractive targets even in the periods of interest rate rises, with asset price gains likely to be offset by rent increases, said&hellip
South Korean investment firms, which have recently snapped up prime office buildings and warehouses in the US and Europe, are struggling to raise capital from domestic institutional investors, under increasing pressure to abandon the deals or tap retail investors. JB&hellip