day after day on US Medias, criticizing Japanese workmanship had disappeared. Even US congress put pressure on Toyota, hoping it will help US automobile industry bring back its position on the market. This entire incident was call Toyota Recall Crisis, and Toyota, which had a dominant position on the automobile market, lost its power and allowed other companies, Hyundai and GM, to catch up.
Japanese Automobile Companies
Japanese Companies, Toyota Motor, Honda Motor and Nissan which are called ‘The other Big 3’ are not as bad off as American companies. They are nor facing with bankruptcy contingencies or mass layoff. However, Toyota predicts it will post a net loss of $3.8 billion, its first net loss for a year since it started reporting the result in 1963. Nissan has been on
South Korean Multinational automaker
The world’s 4th largest
Automobile manufacturer
Fastest growing automaker
Selling vehicles in 193 countries
Various production, sales and service base all over the world
Realization of possibilities
United sense of responsibility
Respect for mankind
bring a new perspective to automobiles
2) innovate mobility solut
statement that HMC to become a trusted lifetime partner of their customers. They are trying to bring a new perspective of automobiles through innovative mobility solutions based on human-centric, eco-friendly technologies and services; They are putting effort to 1) bring a new perspective to automobiles, 2) innovate mobility solutions, 3)Human-centric, eco-friendly technologies and services.
FTA on Korea. To this end, we analyze five primary sectors that are deemed to have the greatest impact on both countries: steel, automobiles, chemical products, textiles, and agriculture. We conduct a literature review of these respective sectors (primarily statistics supplied by KIEP and SERI), lay out both the impact of exports and imports, and also point out relevant issues to these sectors.