down to 3.7% in IMF, and finally it improved to 5%.
(2) The organization regulation in process
- After IMF, the mergers & acquisitions occurred between domestic companies.
- The Daewoo took over Ssangyong, Hyundai motor took over Kia, and Renault took over Samsung motor.
- After that, Daewoo got sold to GM and recently Ssangyong has been sold to Shanghai motor; constant restructuring.
(3) The trend in 2004
Market depression
long-term depression
high oil price
② Boom in exportation
- The total exported cars go up to 2,300,000 with the increases of 28% and the exports exceed 30 billion dollars for the first time
- continuous positive approach and efforts to export market
- improvement in quality and image of Domestic cars
- the increased trust on Korean cars
in contact with reciprocal relationships, what we call guanxi. Therefore, cultivating guanxi is required to maintain a long-term business. Without guanxi, companies will not be able to overcome problems coming from the expectations of reciprocal relationships by other business-related units.
As we look through the case of DMG inShanghai, we recognize the influence of guanxi more apparently. D
in 1994.
The first medical company in China that acquired the certificate of all Chinese related government permission.
It is a leader in a variety of fields.
There are two significant business sectors. Life Scan and Women’s healthcare.
JJMC invested a huge amount of money to R&D in China. Established center inShanghai 2001, in Beijing 2005.
Social Responsibility activities such as suppor
in 1999. Ssangyong was also building its own sales network was developed at the same time a new car. Ssangyong growing to be an amazing advancement from 15 to 1200 billion won during 50 years in 2003. But Ssangyong sold out by Shanghai motors. Since 2009, Ssangyong begin Turnaround process and have been many efforts to revive the company. This graph indicate Ssangyong’s Rise and Fall during 19