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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 […]

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 […]