Tag Archives: south korea

Hyundai Verna

Hyundai Verna
Largest automobile manufacturer in South Korea, Hyundai Motor Company, continues to strengthen its global product in the mini sedan segment. Verna launched its newest principals or Accent to the United States market in the carpet Beijing Auto Show, 26 April -2 May 2010.

From the shape, design look headlights, grille, and LED lights that are similar Sein smaller version of Sonata. In the interior, design and material quality improved.

Verna is using a new platform with 2.57-meter wheelbase was carrying gasoline engine 1.4 L Gamma with multiport injection. Power output reached 106 with a torque of 135 Nm dk. For transmission, there are two options, 5-speed manual that is claimed to consume a liter of fuel for 17.5 km and 4-speed automatic Fuel Economy with features that consume a liter to 16.1 km.

Hyundai also offers a second machine with a capacity of 1.6 L dk-powered 121 and 155 Nm of torque. For this option, light available four-speed automatic transmission.

“Today is very special for us. Not only will there is a new product, but this became the first launching a rarely performed outside the South Korean Hyundai. We deliberately chose China because this region is an important locations, as well as China’s consumers,” said Chung Euisun , Vice Chairman of Hyundai Motor, as reported Autoevolution


Hyundai Sonata in Jakarta

Hyundai Sonata in Jakarta
PT Hyundai Mobil Indonesia (HMI), broadening its product sales for the commercial segment, the cab. After the Accent and Verna, now poured Hyundai Sonata. Throughout this year, car manufacturers will be able to target a total of 1,000 units sold.

HMI aiming for premium taxis in the area as farm capital. Items relied on, namely middle-Sonata sedan. Currently the vehicle is used in the Panorama Group is known for tourism businesses using the White Horse brand premium taxis.

Erwin added, it had no intention of marketing the Sonata to the general consumer but deliberately positioned into commercial products. This strategy was deliberately chosen in order to distance the company a negative impression of a cab car on the passenger vehicle brand in South Korea’s origin.

Sonata, marketed carrying capacity of 2.4-liter engine fuel. It cost around Rp278 million dibandrol per unit (off the road). ‘To you we do not need a taxi to pay Sales Tax (Sales Tax on Luxury Goods), to be more competitive. If normal, which should be borne PPnBM reached 60 percent,’ said Erwin.

Chevy Spark, Macho and Style

Chevy Spark, Macho and Style
For fans of small cars like the Kia Picanto and Hyundai I10, get ready for the jealous after seeing the figure of the New Chevrolet Spark 1.2. Imagine, a car which is also the output of South Korea has so charming appearance.

aggressive and macho like to show that the car engine capacity is ready 1.200cc a serious challenge established models such as Hyundai and Kia Picanto I10.

Parties GM Spark seems to fix this in newer price range £ 6945 to £ 9845.

Daewoo History

The Daewoo Group was founded by Kim Woo-jung in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the prestigious Kyonggi High School, then finished with an Economics Degree at prestigious Yonsei University in Seoul. It became one of the Big Four chaebol in South Korea. An industrial and multi-faceted service conglomerate, Daewoo was prominent in expanding its global market through joint ventures all over the world.

During the 1960s, after the end of the Syngman Rhee government, the new government of Park Chung Hee intervened to promote growth and development in the country. It increased access to resources, promoted exports, financed industrialization, and provided protection from competition to the chaebol in exchange for a company’s political support. In the beginning, the Korean government instigated a series of five-year plans under which the chaebol were required to achieve a number of basic objectives.

Daewoo did not become a major player until the second five-year plan. Daewoo benefited from government-sponsored cheap loans based on potential export profits. The company initially concentrated on labor-intensive clothing and textile industries that provided high profit margins. The most significant resource in this plan was South Korea’s large workforce.

The third and fourth of the five-year plans occurred from 1973 to 1981. During this period, the country’s labor force was in high demand. Competition from other countries began eroding Korea’s competitive edge. The government responded to this change by concentrating its effort on mechanical and electrical engineering, shipbuilding, petrochemicals, construction, and military initiatives. At the end of this period, the government forced Daewoo into shipbuildings. Kim was reluctant to enter this industry, but Daewoo soon earned a reputation for producing competitively priced ships and oil rigs.

During the next decade, the Korean government became more liberal in economic policies. Small private companies were encouraged, protectionist import restrictions were loosened, and the government reduced positive discrimination, to encourage free market trade and to force the chaebol to be more aggressive abroad. Daewoo responded by establishing a number of joint ventures with U.S. and European companies. It expanded exports of machine tools, defense products, aerospace interests, and semiconductor design and manufacturing. Eventually, it began to build civilian helicopters and airplanes, priced considerably cheaper than those produced by its U.S. counterparts. It also expanded efforts in the automotive industry and was ranked as the seventh largest car exporter and the sixth largest car manufacturer in the world. Throughout this period, Daewoo experienced great success at turning around faltering companies in Korea.

In the 1980s and early 1990s, the Daewoo Group also produced consumer electronics, computers, telecommunication products, construction equipment, buildings, and musical instruments (Daewoo Piano).