Last year, Renault Korea achieved a major sales rebound, driven by the decent success of its Grand Koleos SUV, surpassing GM Korea in total vehicle sales for 2024.

GM reportedly will produce next-generation electric vehicles in South Korea, alongside the Chevrolet Spark EV (pictured), due to arrive in American showrooms by summer, and later this year in Europe.

GM Korea came about when General Motors, along with co-investors SAIC and Suzuki, bought Daewoo Motors from parent company Daewoo Group in 2001; it had a previous tie-up with GM, a joint venture ...