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.
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city for around 50 billion won ($44 million), with a view to reselling part of its&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip
Korea Scientists and Engineers Mutual-aid Association (SEMA) has decided to make its first allocation to global private debt funds by committing $30 million to each of Golub Capital and Ares Management, and is considering committing an additional capital to European&hellip