The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Resus Energy වැඩි බලය Trydan Partners යටතට
Yesterday at 6:13 pm by Ethical Trader

» Dividend Announcement
Yesterday at 6:12 pm by Ethical Trader

» Laughter the Best Medicine
Yesterday at 12:00 pm by කිත්සිරි ද සිල්වා

» JINS.N0000 ( Janashakthi Insurance PLC)
Yesterday at 10:06 am by CK

» බුද්ධ භවනා
Thu Feb 22, 2018 2:35 pm by Ethical Trader

» Happy Birthday
Wed Feb 21, 2018 7:28 pm by The Alchemist

» හවුල් ආණ්ඩුව තවදුරටත් පවතින බව පාර්ලිමේන්තුවට දන්වයි
Wed Feb 21, 2018 5:17 pm by Ethical Trader

» ජීවිතය පටන් ගන්නේ 60න්
Wed Feb 21, 2018 3:14 pm by lanka

» EAP ගනුදෙනුවේ සැඟවුණු ගැනුම්කරු හෙළිවෙයි
Wed Feb 21, 2018 2:39 pm by lanka

» මිලියන 4,000 ක අකිලගේ ටැබ් කොන්ත්‍රාත්තුව අබාන්ස්ට
Tue Feb 20, 2018 7:55 pm by nihal123

» Dhananath Fernando wins $ 10,000 for Sri Lanka in Think Tank Shark Tank in Asia
Mon Feb 19, 2018 11:35 am by Ethical Trader

» උදයංග වීරතුංග රැගෙන ඒමට පොලිස් නිලධාරීහු ඩුබායි වෙත
Mon Feb 19, 2018 8:24 am by soileconomy

» ධම්මික පෙරේරා කෝටි 16 ක කාරයක් ගෙනෙයි
Sat Feb 17, 2018 9:31 pm by soileconomy

» ආර්ථික අර්බුදය ඉක්මවා ගිය දේශපාලන අර්බුදය හමුවේ 'රුපියල'
Fri Feb 16, 2018 7:00 pm by Ethical Trader

» SAMP.N0000 (SAMPATH BANK PLC)
Fri Feb 16, 2018 2:18 pm by Ethical Trader

» APLA.N0000 (ACL PLASTICS PLC)
Fri Feb 16, 2018 11:12 am by pjrngroup

» විගණකාධිපතිගේ 2016 වාර්තාව මෙන්න
Tue Feb 13, 2018 12:31 pm by Ethical Trader

» Boost for foreign investment in Govt. securities
Thu Feb 08, 2018 12:45 pm by Ethical Trader

» අනිලානා පුද්ගලික නිකුතුවට කොටස්කරුවන්ගේ සහාය පතයි
Thu Feb 08, 2018 9:28 am by The Invisible

» CCS.N0000 ( Ceylon Cold Stores)
Wed Feb 07, 2018 7:39 pm by Ethical Trader

» ලෝක ආර්ථිකය කඩා වැටෙද්දී එහි බලපෑම කොළඹට දැනුන හැටි
Tue Feb 06, 2018 11:13 pm by nihal123

» තෙල් මිලේ වැඩිවීමෙන් ගුවන් ටිකට් මිල නගී
Tue Feb 06, 2018 11:04 pm by Ethical Trader

» ජනාධිපති පරීක්ෂණ කොමිෂන් සභාවෙන් ලද, සිංහල භාෂාමය වාර්තා තිස් හතර (34)
Tue Feb 06, 2018 11:04 pm by Ethical Trader

» විල්පත්තු "වන විනාශය": පෙත්සම සලකා බැලීමට අධිකරණයේ අවසර
Mon Feb 05, 2018 9:10 pm by nihal123

» බැඳුම්කරය: ඇලෝසියස් සහ පළිසේන අත්අඩංගුවට
Mon Feb 05, 2018 9:08 pm by nihal123

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sat Feb 03, 2018 1:02 pm by bear

» ජනශක්ති ගනුදෙනුව තීන්දුයි. වටිනාකම රුපියල් බිලියන 16 යි
Fri Feb 02, 2018 7:57 pm by nihal123

» කොළඹ කොටස් අසාමූහිකරණ පනත පාර්ලිමේන්තුවට
Fri Feb 02, 2018 5:42 pm by Ethical Trader

» BBC කණ්ඩායමක් තාලිබාන් පාලන කලාපයකට ඇතුල් වෙති
Thu Feb 01, 2018 5:05 pm by Ethical Trader

» වර්ෂ 152 කට පසු දර්ශනය වන 'සුපිරි නීල රුහිරු සඳ'
Thu Feb 01, 2018 4:58 pm by Ethical Trader

» ලංකා බැංකුවට අයත් ජනශක්ති හිමිකම විකුණයි
Thu Feb 01, 2018 4:54 pm by Ethical Trader

» අයවැය ක්‍රියාත්මක කිරීමේ දී පාර්ලිමේන්තුවේ අධීක්ෂණය දුර්වලයි
Thu Feb 01, 2018 4:52 pm by Ethical Trader

» ජනපති හා ADB අධ්‍යක්ෂ මණ්ඩල සාමාජිකයින් අතර හමුවක්
Thu Feb 01, 2018 4:51 pm by Ethical Trader

» තවත් කොටස් තැරැව්කාර සමාගමක් වසා දමයි
Thu Feb 01, 2018 4:50 pm by Ethical Trader

» ජනපතිගේ රැලිය ආවරණය කිරීමට ගිය මාධ්‍යවේදීන්ට "තර්ජන"
Wed Jan 31, 2018 6:59 pm by soileconomy

» Bank of Ceylon divests stake in Janashakthi Insurance
Tue Jan 30, 2018 3:58 pm by TraderCSE

» වෛද්‍ය වර්ජනය: රජයේ වෛද්‍ය නිලධාරීන්ගේ සංගමයේ ඉල්ලීම් මොනවාද?
Mon Jan 29, 2018 6:36 pm by Ethical Trader

» නිවුන් අලි උපත්: මේ කරුණු දැන සිටියාද?
Mon Jan 29, 2018 12:14 pm by Ethical Trader

» Perpetual Treasuries
Mon Jan 29, 2018 7:43 am by Danidu

» කලා කෘතියක් ඉල්ලූ ජනාධිපති ට්‍රම්ප් වෙත 'රන් වැසිකිලියක්' - වාර්තා
Sat Jan 27, 2018 6:37 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Fri Jan 26, 2018 6:32 pm by Ethical Trader

» සේවා ස්ථානයේ අරියාදු සහ අඩන්තේට්ටම් : 'බුලි' වුණොත් මොකද කරන්නේ?
Thu Jan 25, 2018 5:02 pm by Ethical Trader

» RULES ON ALL OR NONE (AON) BLOCKS
Thu Jan 25, 2018 4:55 pm by Ethical Trader

» Time is of essence in dealing with dengue:Expert, Recent deaths could be due to patients "coming in late" for treatment
Thu Jan 25, 2018 2:08 pm by AjithR

» නියම බුදු දහම
Thu Jan 25, 2018 12:42 pm by Ethical Trader

» "දූෂණය" ගැන මහින්ද රාජපක්ෂට නඩු පවරන්න - ජනාධිපති කොමිසම
Wed Jan 24, 2018 7:04 pm by Ethical Trader

» හිඟයක් වැළැක්වීමට ලේ දන් දෙන්න: ජනතාව වෙත ඉල්ලීමක්
Tue Jan 23, 2018 7:12 pm by Ethical Trader

» බලාගෙනයි, 'ගුවනින් අසූචි'!
Tue Jan 23, 2018 7:10 pm by Ethical Trader

» සිව් හෙලයේ ඉතිහාසය නිවැරදි කිරීම
Tue Jan 23, 2018 11:51 am by Ethical Trader

» ප්‍රගීත් එක්නැලිගොඩ: "ෆයිල් අතුරුදහන්වීම" ගැන සන්ධ්‍යා හමුදාපතිට කිවූ දේ
Thu Jan 18, 2018 12:13 pm by Ethical Trader

February 2018
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728   

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

From කොරියා to KOREA

Page 3 of 4 Previous  1, 2, 3, 4  Next

Go down

Re: From කොරියා to KOREA

Post by chutiputha on Mon Oct 05, 2015 11:45 pm

nihal123 wrote:දන්නේ නැහැ මල්ලි
කොරියාවට ගිය කාගෙන් හරි අහන්න.

Very Happy

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...
avatar
chutiputha
Top contributor
Top contributor

Posts : 1822
Join date : 2014-11-09
Age : 31
Location : Minneriya

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:14 am

Interval is over back to study

======================================

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


Last edited by yellow knife on Tue Oct 06, 2015 10:42 am; edited 1 time in total

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:18 am

Chung family members understood that technical support should be taken from Japan , but not from big car manufacturers.

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.

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:21 am

Next Chung family hired the big boss from England, former boss of failing  British Leyland to run the production of HMC. Thats Gerorge Turnbull. Turnbull in return hired six European engineers to plan a factory and run the production roles.





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


Last edited by yellow knife on Tue Oct 06, 2015 10:38 am; edited 1 time in total

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:24 am

One of the first thing Turnbull did was rejecting an engine MMC wanted HMC to use. It would have under powered the Pony-the first Hyundai car.

Upon rejection MMC (Mitsubishi) understood that they are not playing with novices and they knew that they cant fool Hyundai.

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:25 am

Chung family did not want to see Turnbull and the team becoming too powerful , so they gave the designing of the car to Italian car designer, ItalDesign to proved them an independent look.

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:28 am

Finally Hyundai created the car they need which is their own.

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



Last edited by yellow knife on Tue Oct 06, 2015 10:40 am; edited 1 time in total

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:32 am

The family gave a party to Turnbull and the team and sent them home.
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.

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:33 am

HMC next entered US with a new model Excel , a small car that was priced one-fifth cheaper than any of its competitors.



yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:50 am


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:54 am

If you want to study Chung Ju Yung's life story turn to Wikipedia..


https://en.wikipedia.org/wiki/Chung_Ju-yung


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 10:56 am


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 4:33 pm

Hyundai was not the only car licensed in 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


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 4:36 pm

Shinjin Chaebol took too much debt than they can service and Korean government had to put it out of business and in 1982 Daewoo acquired that sharing 50% with GM.


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 4:43 pm

Third original entrant was KIA, who was a bicycle and motor cycle manufacturer who like Hyundai got technology from Honda, and never gave any controlling or worthwhile stake to Honda.


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 4:47 pm

Other chaebols also asked the right to get into the car manufacturing business. Government allowed but remained ruthless for any who can not service the debt.

Asia Motors entered and failed in 1980s.
 

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 4:52 pm

By early 1990s there were four players

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.


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 4:58 pm

IMF intervened Korea and Daewoo assets were sold to its former partner General Motors.

Hyundai acquired KIA in 1998.

Ssang Yong was taken over by Chinese state owned firm Shanghai Automotive Industry Corp ( SAIC ).


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 5:04 pm

By 2000 Hyndai became the real winner after much fierce competition in auto market in 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.

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 5:06 pm

It had taken 36 years for Toyota to sell 10 million vehicles.

Hyundai achieved that mark of 10 Million within twenty eight years.


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 5:10 pm

A family business with no previous industrial experience had  created one of the world's most successful car companies. And the primary reason that it was able to do so was state industrial policy.


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 5:12 pm

Branding and advertising helped them to capture business in US.
One issue they found in US market is employees often get fired out of employment. On such Hyundai was ready to repurchase the vehicle.


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Tue Oct 06, 2015 5:15 pm

Family businesses of South Korea won the world..


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Wed Oct 07, 2015 10:10 am

Books written by General Park Chun Hee

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

yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Re: From කොරියා to KOREA

Post by yellow knife on Thu Oct 08, 2015 8:25 am

South Korea which came from no-where is now even compared with US


yellow knife
Top contributor
Top contributor

Posts : 5634
Join date : 2014-03-27

Back to top Go down

Page 3 of 4 Previous  1, 2, 3, 4  Next

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum