Hyundai Pony | Korea Legal.org

19 Dec 2014 | Author: | Comments Off on Hyundai Pony | Korea Legal.org

Hyundai Pony

Early Korean Car Production#8211;Part 1 The Pony

By Don Southerton

Some

Since the early 1960s, firms have entered partnership arrangements with carmakers, including Nissan Toyota, Mazda, Fiat, and In particular, the Korean government and key groups forged these as the best way to introduce advanced technology to South Korea. In Hyundai Group also the auto sector as a result of the founder Chung Ju Yung’s ties to the car repair business and government pressure.

Entering into a Ford Assembler Agreement, Hyundai to assemble Ford compact cars imported as (CKD). Ford, in turn, transfer technology and explicit such as blueprints, technical production manuals, and training of engineers.

Following the Hyundai model for immediate action and leveraging background as a construction company, the Ford plant was operational in 6 a record at that time for the 118 assembly plants around the

Interestingly, to accomplish the task, gathered team members its construction division who had excellent in project management and engineering Hyundai also recruited with experience in production the Korean auto industry. with support from a of 10 engineers dispatched from the Korean engineers, technicians and workers lived together in a structure near the

plant, working 16 hours a seven days a week.

Hyundai Pony

Initial car production at the plant on 2 models—first the Ford Cortina II and soon after the Ford Mark II. Production was for the South domestic market with limited export. Production grew from 614 cars in to 7,009 in 1973.

Meanwhile by the Korean state-run Economic Board (EPB) formulated The Plan for Promotion of the Automobile In a policy-shift from CKD partnerships, the mandated Korea’s four automobile companies#8211;Hyundai, Daewoo, and SsangYong#8211;to submit detailed to develop a “Korean” car by 1975.

Following similar tactics across business sectors to an import-substitution economy, the Korean coerced automakers to embrace the new or face restrictions in their operations. Hyundai, a strong of the state-corporate alliance, soon a master plan for a new plant a capacity of 80,000 Korean per year.

To meet the challenge, Hyundai 26 firms in five countries to required technologies:

Hyundai Pony
Hyundai Pony
Hyundai Pony
Hyundai Pony
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