As the Trump administration weighs increasing tariffs on European-made vehicles and continues unprecedented trade negotiations with China, South Korea remains a safe haven for automakers to import vehicles to the U.S.
GM's South Korean operations, which employ 9,200 people, allowed it to quickly offer new small crossovers in the early-2010s, capitalizing on U.S. consumer preference moving away from passenger cars.and Chevrolet Trailblazer in South Korea for the U.S. market. It also assembles several passenger cars such as the Chevrolet Malibu and Chevrolet Spark for local markets. It operates three assembly plants in the country.were imported from South Korea.
"You would have a payoff period of way too many years to make it worthwhile because you're just saving that tariff, which is essentially 2.5% for most countries," said Bernard Swiecki, an expert on South Korea and a senior automotive analyst with theAmerican auto brands also haven't performed well in South Korea, according to Swiecki, who has been traveling to South Korea since 2006. A cap lifted for vehicle exports from the U.S.
GM, according to two sources familiar with the plans, threatened to end all operations in the country two years ago if the union didn't allow it to restructure operations, including the closure of an assembly plant. "The downside of South Korea has always been the unions are tough," said IHS principal automotive analyst Stephanie Brinley. "They're very difficult to deal with."
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