General Motors South Korean CEO stepping down

According to foreign media reports, on July 5 local time, General Motors South Korea spokesperson Jina Hwang said that James Kim, CEO of General Motors Korea, will take office on August 31 after a year-and-half of serving. At the helm of the American Chamber of Commerce in South Korea, the American Chamber of Commerce in South Korea played a broader role while continuing to serve as a consultant to General Motors Korea.

James Kim was ousted from Microsoft Korea in June 2015 and was appointed General Motors Korea’s CEO in 2016. During his tenure as Chairman of the Board, he replaced senior engineer and production specialist Sergio Rocha. General Motors has not yet nominated the CEO of the new South Korean division, but it is expected that it will be appointed soon.

General Motors Korea Co., Ltd. has four assembly plants and is responsible for a large portion of Chevrolet production worldwide. James Kim's departure coincides with the sensitive period of GM Korea. The demand for products from South Korea and overseas continues to decline, resulting in a corresponding reduction in output. General Motors Korea The company has also started a new round of wage negotiations with a controversial trade union. General Motors South Korea's sales (including domestic sales and exports from South Korea) fell by 21% to 43,692 units in June and fell 9.3% in the first six months of the year.

General International President Stefan Jacoby made a brief statement, thanking Kim for his contributions to GM, and calling him GM's “tireless advocate”. Jacoby said: "Jim promoted GM's sales in Korea, helped establish a common brand image, and advertised to our customers in a new and innovative way."