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GM Korea To Sell U.S.-Built Chevrolets After Bilateral Free-Trade Pact

("UPDATE: GM Korea To Sell U.

S.-Built Chevrolets After Bilateral Free-Trade Pact" published at 0514 GMT misstated first-quarter sales and the extent of the increase in the 11th paragraph. Correction derives from the company. The correct version follows.)-- GM Korea says it will sell U.S.-made Chevrolet cars for the first time.-- GM Korea still aims for double-digit market share in South Korea this year, CEO says.-- GM Korea CEO says European debt crisis remains a concern for the company.SEOUL (Dow Jones)--GM Korea Co., the South Korean unit of General Motors Co. (GM), said Monday it will sell U.S.-made Chevrolet vehicles and also export South Korean-assembled vehicles to the U.S. for the first time, after a free-trade agreement between South Korea and the U.S. took effect in mid-March.The company's decision to import the Chevrolet Corvette Coupe from the U.S. comes after both countries eased import restrictions as part of the FTA, which also halved the import tax for U.S.-made vehicles...

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