Renault Samsung Motors, renamed ‘Renault Korea Motors’

Renault Samsung Motors has confirmed its new name as Renault Korea Motors (RKM) and will begin the official change procedure from the 16th.

The name change reflects the will of Renault Korea Motors to solidify its identity as a member of the Renault Group and the Renault-Nissan-Mitsubishi Alliance. Renault and Samsung have undergone a name change with a grace period of two years after the contract period for the right to use the brand expired in August 2020.

Source: Opinion News (http://www.opinionnews.co.kr)

You can check the English version article here :

https://www.just-auto.com/news/renault-samsung-changes-name-to-renault-korea-motors/

http://www.businesskorea.co.kr/news/articleView.html?idxno=89158

2022.March.18

Hanon System selected as ‘2021 Supplier of the Year’ by GM of the US

Hanon Systems announced on the 18th that it was selected as the ‘2021 Partner of the Year’ by General Motors (GM) of the United States. GM held the 30th Supplier of the Year Awards Ceremony in Phoenix, Arizona, USA, and selected excellent suppliers. GM’s Supplier of the Year award is awarded to suppliers who have provided differentiated values, innovative technologies and the highest quality, and this year, 134 suppliers from 16 countries were selected. The partner of the year for 2021 was selected based on performance criteria in GM’s product purchasing, global purchasing and manufacturing service, customer management, after-sales service, and logistics.

Source: https://biz.chosun.com/industry/car/2022/03/18/NVDHK7QXBNDXDAAJY7LK3NPZ4E/

Here is the English version : https://www.aftermarketnews.com/gm-names-hanon-systems-a-2021-supplier-of-the-year/

2022.March.22

Hyundai and Kia to officially enter the used car market

Large companies that make finished cars have finally entered the used car market. The three-year tug-of-war between the finished car manufacturing industry such as Hyundai Motor Company and the used car sales industry ended in a victory for the manufacturing industry thanks to the aspirations of consumers.

On the 17th, the Ministry of SMEs and Startups (Ministry of SMEs and Startups) held a ‘Deliberation Committee on Businesses Suitable for Subsistence Types in the Used Car Sales Business’ and made a final decision as ‘unsuitable’. The decision is that the used car sales business is no longer a livelihood business. As a result, large companies that make finished cars can officially enter the used car trading business.

Source: https://economist.co.kr/2022/03/18/industry/car/20220318060026148.html

Here is the English version :

https://en.yna.co.kr/view/AEN20220307008200320

https://www.ajudaily.com/view/20220318153827154

https://www.theinvestor.co.kr/view.php?ud=20220321000102

https://en.yna.co.kr/view/AEN20220317010800320

2022.03.27

GM Korea begins delivery of super-large SUV ‘Tahoe’ to customers in April

The super-large SUV ‘Tahoe’ begins its domestic landing in earnest.

GM Korea announced on the 27th that it would start delivering Tahoe customers from April. Tahoe started pre-orders online in January of this year.

GM Korea said, “With the addition of the super-large SUV Tahoe, we are able to further strengthen GM Korea’s two-track strategy by building a full SUV lineup. said. He added, “We plan to increase the position of the electrification brand together with a number of electric vehicles to be launched by 2025, including the ‘Volt EV’ and ‘Volt EUV’, which are about to be delivered to customers in the second quarter.”

Source: https://www.ajunews.com/view/20220327102052749

(There haven’t been Tahoe in Korea, although it’s very popular in USA. I couldn’t found the English article that Tahoe sales start in Korea. )

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