From කොරියා to KOREA
- chutiputhaTop contributor
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Re: From කොරියා to KOREA
nihal123 wrote:දන්නේ නැහැ මල්ලි
කොරියාවට ගිය කාගෙන් හරි අහන්න.
YK සර් දන්නවා ඇති,අස්සක් මුල්ලක් නෑර දන්න එකේ එහෙ ඉන්න අය ගැනත් දන්නවා ඇති.
එයාලගේ attitudes,එකලගේ හැටි YK සර් නම් හොදට දන්නවා ඇති...
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
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Hyundai Cars
General Park Chung Hee's government never wavered its intention to build a globally competitive automotive sector.
Chung Ju Yung ( founder of Hyundai group ) promised General Park taht he would export 5,000 cars in his first full production year, 1976 if he was given funding fro a Korean " Citizens" car.
Hyundai Motor Company ( HMC ) had no technological background to produce cars. The founder Chung Ju Yung had a vehicle repair shop earlier
==============================================
Chung Ju Yung
Chung Ju-yung
Entrepreneur
Chung Ju-yung was a South Korean entrepreneur, businessman and the founder of all Hyundai Groups of South Korea. Wikipedia
Born: November 25, 1915, Tongchon County
Died: March 21, 2001, Songpa District, South Korea
Spouse: Byun Joong-seok (m. 1936–2001)
Children: Chung Mong-joon, Chung Mong-koo, Chung Mong-hun, More
Organizations founded: Hyundai, Hyundai Group, More
Grandchildren: Chung Eui-sun, Chung Myung-yi, Chung Yun-yi, More
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
They found Japan's weakest scale car maker, Mitsubishi and and MMC (Mitsubishi Motor Company) provided the key technologies for HMC.
The technologies included designs for an engine, transmission and rear axle.
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Re: From කොරියා to KOREA
George Turnbull
Businessman
Sir George Henry Turnbull, CEng, FIMechE was a UK automobile executive best remembered in the UK for his period as managing director of the Austin-Morris Division of British Leyland. Wikipedia
Born: October 17, 1926, Coventry, United Kingdom
Died: December 22, 1992
Education: University of Birmingham
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
Upon rejection MMC (Mitsubishi) understood that they are not playing with novices and they knew that they cant fool Hyundai.
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
The early exports that Chung Ju Yung promised General Park were offloaded at a loss in countries like Nigeria, Saudi Arabia, Peru and Ecuador.
Being in a family business made Hyundai to absorb losses for years (without closing the unit) and run the business from funds created from other branches like construction.
Hyundai Pony the first car model
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Re: From කොරියා to KOREA
Now Hyundai can manage on their own.
Hyundai sold a minority stake to Mitusbishi so that MMC would feel that they too have ownership of HMC but not a big stake that would really make them worthwhile in decision making.
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
https://en.wikipedia.org/wiki/Chung_Ju-yung
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
EPB ( Economic Planning Board) allowed four car manufacturers to engage in fierce competition in Korea.
EPB fixed the car prices allowing manufacturers to compete only on quality first in domestic market and then in International market.
Shinjin Chaebol worked in a joint venture with General Motors and created Saehan Branded vehicles.
Saehan Cars
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
Asia Motors entered and failed in 1980s.
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
1. Hyundai
2. Daewoo
3. Kia-Asia Motors
4. Ssang Yong (four wheel specialist)
Daewoo was getting more political support than Hyundai.
Asian financial cirisis hit Daewoo who was too heaviliy leverated- despite much improved products like its Matiz mini car.
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Re: From කොරියා to KOREA
Hyundai acquired KIA in 1998.
Ssang Yong was taken over by Chinese state owned firm Shanghai Automotive Industry Corp ( SAIC ).
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Re: From කොරියා to KOREA
It survived in the savage domestic market competition.
The carcasses of other failed auto manufactures were tossed in front of HMC many times by Korean government.
From one aspect Korean government was supporting, protecting, subsidizing and nurturing the auto manufacturers..
But survival of the fittest test was not abandoned by Korean Government.
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Re: From කොරියා to KOREA
Hyundai achieved that mark of 10 Million within twenty eight years.
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
One issue they found in US market is employees often get fired out of employment. On such Hyundai was ready to repurchase the vehicle.
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Re: From කොරියා to KOREA
- yellow knifeTop contributor
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Re: From කොරියා to KOREA
No 1.
To build a nation
Book by Park Chung-hee
Originally published: January 1, 1971
Author: Park Chung-hee
No 2.
Our nation's path;: Ideology of social reconstruction Hardcover – 1969
by Park Chung Hee (Author)
General Park Chun Hee communicated his way of thinking to the general public by authoring books
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