Samsung's challenge: South Korean auto makers fear new rival

Article Abstract:

South Korean automobile manufacturers expressed concern over the license to manufacture commercial vehicles granted to the Samsung Group. The big five manufacturers, Ssangyong Motors, Asia Motors, Daewoo Group, Kia Motors and Hyundai Motors view the license as a step toward a license to manufacture automobiles. The entry of another manufacturer into the crowded car market would undercut the dwindling shares of the five companies. The market has been congested by low demands as the manufacturers are at their production peak.

Motor vehicles and car bodies, Licensing agreements, Korea

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On the rebound

Article Abstract:

The South Korean government and car manufacturers are concerned about the possibility of a business collaboration between Honda Motors of Japan and Daewoo Motors of South Korea. Daewoo is looking for a foreign collaborator because it is the only South Korean automobile maker without foreign backing, after Daewoo terminated business with General Motors of the US. South Korea's Samsung Group, meanwhile, is also making a bid for Daewoo.

South Korea, Mergers, acquisitions and divestments, Honda Motor Company Ltd., Korea, South, GM Daewoo Auto & Technology Co.

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Yin-yang alchemy: Korean scientists develop new automotive steel

Article Abstract:

Two Korean scientists have invented an automotive steel which is three times stronger than regular steel and could make cars weigh one fourth less. One of the inventors is Kim Young Gil, and the other inventor is Kim Tai Ung. The new steel, named PRK-90, will be on the commercial market by 1995. It will be sold by Pohang Iron & Steel Co.

Innovations, Product introduction, Automobiles, Materials, Pohang Iron and Steel Company Ltd., Steel, Automobile, Automotive steel

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