Gwangju Global Motors
Gwangju Global Motors Co. Ltd. (GGM) is a car manufacturing company in Gwangju, South Korea. It is a joint venture between Hyundai Motor Company and the Gwangju city government. The company was founded in 2019, and its factory opened in 2021. The plant is the first new car factory in South Korea since 1998.
The factory produces vehicles like the Hyundai Casper, which was the first model made there. The factory can make up to 70,000 cars each year. It is the only Hyundai plant in South Korea without a workers' union, which helps to lower labor costs.
Native name | 광주글로벌모터스 |
|---|---|
| Company type | Joint venture |
| Industry | Automotive |
| Founded | 2019[1] |
| Headquarters | Gwangju, South Korea |
Key people | Park Gwang-tae (CEO) |
| Owner | Gwangju Metropolitan Government (21%) Hyundai Motor Company (19%)[2] |
| Website | www.ggmotors.com |
- ↑ "Gwangju project is off to an inauspicious start". Korea JoongAng Daily. 26 December 2019. Retrieved 2021-07-17.
- ↑ "Stranded Gwangju job project distresses Hyundai". The Korea Times. 2020-04-23. Retrieved 2021-07-17.