Mando will supply parts to Byton, China's new electric car brand, beginning at the end of next year. This move was made based on a strategy to make a foray into the world electric car market using China, which has huge growth potential, as a springboard."We recently signed a contract to supply e
The South Korean government decided not to accede to the Agreement on Trade in Civil Aircraft (TCA) of the World Trade Organization (WTO).Private airlines such as Korean Air Lines have called on the government to join the TCA to get customs duties exemption on imported aircraft parts.In addition, an
Korea's trade surplus in the parts and materials sector reached a record high of US$30.8 billion (32.71 trillion won) in the January-March quarter, according to data released by the Ministry of Trade, Industry and Energy (MOTIE) on April 18.Outbound shipments of parts and materials reached US$74
South Korean auto parts suppliers are staggering due to lower sales in China, one of the biggest markets in the world, and the GM Korea issue.Parts makers' woes have sparked concerns that the domestic auto component supply ecosystem could break down, hurting the competitiveness of Korean automak