Automotive Industry

Koreans will never stop striving.(Opinion)(Column)

Automotive News Europe, January, 2003 by Wright, Chris

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Byline: Chris Wright

Over the past decade while covering the South Korean auto industry, I have seen it hit dizzying heights and dismal depths.

In the mid-1990s, South Korea was buzzing. It looked like domestic automakers - backed by the giant chaebols, or conglomerates, that owned them - were aiming to take over the world.

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Hyundai, Daewoo - even Kia - intended to become top 10 global vehicle manufacturers. With the blessing of Korean banks and the urging of the Korean government, five separate automakers borrowed heavily to build their presence and plants around the world. ...

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Automotive Industry

Koreans will never stop striving.(Opinion)(Column)

Automotive News Europe, January, 2003 by Wright, Chris

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