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Yes, and actually there are a LOT of guitars coming out of Korea these days. It is my understanding that quite a few manufacturer's are having their lower end models built in Korean factories (no doubt Cort is making quite a few instruments for different companies).
Since Rondo moved outta town I can't manhandle these basses any more. Are these the same basses as the last one you had? Electronics the same? It looks sharp in the pics, I think I really have to get another one ....I am sure you are going to like it. These are some really nice basses for the money you pay. Nothing in its price range can really compare.
If you're spending that much, you should spend about $60 USD more and get a neck thru.