Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Korea Inc. Spies a Bountiful Market in Ride Sharing

The ride-sharing industry is a new battlefield for major conglomerates in search of new areas of growth. Samsung Electronics inked a strategic partnership with Grab, the top ride-sharing company in Southeast Asia, the company said Friday. It was Samsung’s first foray into the field. The tie-up is expected to allow Grab to improve its customers’ […]

In Myanmar, Hyundai Motor Basks in ‘Korean Wave,’ Dealer Says

Hyundai Motor aims to raise its market share in Burma to over 15 percent in the next three or four years, basking in the huge popularity of South Korean culture, the sole dealer for the automaker in the country said on Tuesday. Hyundai Motor, which opened its first showroom in Rangoon in August, plans to […]