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South Korea: Labour problems may force Valeo withdrawal

According to local media reports, Valeo, which started business in South Korea after acquiring Mando Machinery following the 1997-98 Asian financial crisis, has acknowledged it has decided to take steps to withdraw from the country due to problems with its labour union. Kang Ki-bong, the president of Valeo Electrical Systems Korea, Subscribe to Automotive World … Continued

According to local media reports, Valeo, which started business in South Korea after acquiring Mando Machinery following the 1997-98 Asian financial crisis, has acknowledged it has decided to take steps to withdraw from the country due to problems with its labour union.

Kang Ki-bong, the president of Valeo Electrical Systems Korea,

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