Hyundai Motor seeks steelmaking advantage

홈 > News Release new

> Korea Watch new comment

Total Articles 212

Hyundai Motor seeks steelmaking advantage

globaledit

2011.11.03 (16:11:54)

hyundai steel.jpg

In-house steel mills are not a standard feature of the modern auto industry, but one big carmaker is breaking the mould with its own blast furnaces: South Korea’s fast-growing Hyundai Motor Group.

The family-run group comprises units Hyundai Motor, Kia Motors and Hyundai Steel. Chung Mong-koo, the group’s chairman, holds a 13 per cent stake in Hyundai Steel and Kia holds 21 per cent.

The conglomerate’s motive for boosting steel production for Hyundai and Kia – which combined are the world’s fifth largest maker of cars by sales – is the same as Ford’s was a century ago, as it looks to forge special alloys to slash the weight of its cars.

[Via] Financial Times

I want to

http://whowired.net/61236

hyundai steel.jpg(139.1KB)[4]

Comment [0]

List

Author

Password

Homepage

Notification

» Skip Edit Toolbox

Hyperlink

New Window
Insert Special Characters
Selected Symbols

Set Cell Count

Row
Column

Table Config

Border Width
Border Color
Table Background Color

Maximum Attachments : 0Byte/ 10.00MB
Maximum File Size : 5.00MB (Allowed Extensions : *.*)

	Registered Date	조회
Next Big Korean Industry… Cruising?
	Nov 16, 2011	731
South Korea has been trying to boost its tourism industry as part of its effort to strengthen the domestic economy. On Wednesday, it unveiled its latest plan: getting into the cruise ship business. The plan includes tax benefits for cruise ship operators an...
K-pop: Soft Power for the Global Cool
	Nov 16, 2011	778
From the unapologetic fanaticism that is often connected with hallyu (the recent spread of Korean culture around the globe), it is almost as if the K-pop factor just fell onto the South Korean government's lap, eagerly waiting to be used as an instrument for ex...
From Crushing Poverty To South Korea's Presidency
	Nov 16, 2011	749
When Lee Myung-bak was inaugurated as the 10th president of South Korea in February 2008, it was an astonishing outcome for a poor boy from Pohang, whose No. 1 dream had been simply to get a job. Lee's life journey is a literal rags-to-riches story. He has made ...
Seoul mayor Park Won-soon shakes up S Korean politics
	Nov 15, 2011	709
The elevation of an independent candidate to the second-most powerful job in the country would be a wake-up call at the best of times, but this has come just as South Korea is gearing up for national parliamentary and presidential elections next year. And if ...
To outsiders, South Korea’s heroic economic ascent is a template for success
	Nov 14, 2011	1059
For most poor countries, South Korea is a model of growth, a better exemplar than China, which is too vast to copy, and better, too, than Taiwan, Singapore or Hong Kong. All three are richer than Korea but all are, in different ways, exceptions: Sin...
South Korea to Build World’s Largest Offshore Wind Farm, Domestic Wind Power Industry
	Nov 14, 2011	805
Despite relying on imported sources for 97% of its energy needs, South Korea’s been slow to tap into and develop its wind power resources. That appears to be changing. The South Korean government announced that it will invest 10.2 trillion won (US$9 bil...
LAPD rejects South Korean Jindos as police dogs
	Nov 13, 2011	809
In a canine experiment in better policing, the LAPD recently spent months training a pair of South Korean-bred Jindo puppies as possible new street enforcement partners. But the Jindos are in the doghouse as a replacement for more traditional European b...
Number priority for some Korean mums is "111111"
	Nov 10, 2011	831
Expecting mothers in South Korea have inundated hospitals with requests for a Caesarean section delivery on November 11 to secure the unique life-long identity number of "111111" for their children. The Korean Resident Registration Number, an identification...
GM Makes Some Inroads For Women
	Nov 09, 2011	705
Women are rare in the automotive industry and especially so in South Korea’s male-dominated corporate culture. So it was a landmark moment in September when GM Korea’s communications director Jina Hwang became the first female executive at any Korean automaker. The...
Ginseng Fever and Mount Ginseng Persons in Korea
	Nov 08, 2011	1286
In this Korean version of Europe's high-stakes truffle hunt, Seo's small plant is a valuable find that will bring $500 on the region's billion-dollar wild ginseng market. For centuries, the herb's fragile root has been revered across Asia as a cure-all with medi...
How Korea's Hyundai gamble hit jackpot
	Nov 08, 2011	757
With more than 50 different brands available to the South African consumer, Anderson realises the importance of being at the top of your game and it appears the company will not rest until it is the number-one-selling passenger car manufacturer in the country. ...
In South Korea, Plastic Surgery Comes Out of the Closet
	Nov 05, 2011	1120
Cosmetic surgery has long been widespread in South Korea. But until recently, it was something to keep quiet about. No longer. And as society has become more open about the practice, surgeries have become increasingly extreme. Double-jaw surgery — which was origi...
Tech-obsessed Koreans drive smartphone boom
	Nov 04, 2011	855
Technology-obsessed South Koreans fell in love with the smartphone relatively late, but are making up for lost time at astonishing speed. The number of smartphone subscribers hit 20.1 million late last week in a country of just under 49 million people -- compared ...
By Lampooning Leaders, Talk Show Channels Young People’s Anger
	Nov 03, 2011	913
The men’s popularity provides the latest evidence of younger South Koreans’ political awakening amid the rising cost of living and shrinking job prospects and their distrust of Mr. Lee and the country’s conservative mainstream news media. In the Oct. 26 mayor...
Hyundai Motor seeks steelmaking advantage
	Nov 03, 2011	1020
In-house steel mills are not a standard feature of the modern auto industry, but one big carmaker is breaking the mould with its own blast furnaces: South Korea’s fast-growing Hyundai Motor Group. The family-run group comprises units Hyundai Motor, Kia Motors and H...
Incheon Airport Chief Has His Feet on the Ground
	Nov 01, 2011	1491
Now, Incheon International Airport, in operation for 10 years. has turned into a money machine for the country and the government. C.W. Lee, who became the chief executive of the state-run firm that operates the airport two years ago after a long career...
South Korea toughens laws against sex crimes
	Oct 30, 2011	1288
In a near unanimous vote, South Korea's parliament approved a tougher law against sex crimes Friday, inspired in part by a recent movie based on a real-life case of sexually abused deaf children. "The Crucible," a box-office hit since its release last month, fuel...
Korea opportunities - Mets' unlikely hero finds a home in Harbour City
	Oct 30, 2011	660
TO THE untrained eye, Dae-Sung Koo looks like any other weekend warrior at Petersham Oval. But this 42-year-old baseballer is not your garden variety pitcher. After all, we're pretty sure most of his teammates haven't won an Olympic medal, starred for the N...
Seoul Fashion Week Spring 2012: The Women’s Collections
	Oct 30, 2011	862
SEOUL–Designer fashion today is about selling luxury products to different groups of consumers. That means fashionable clothes and all the accompanying ancillary products–like handbags, beauty, shoes, perfumes et al–which often end up eclipsing the sale of actual garment...
Comedy Shock! Koreans Spoof Themselves
	Oct 28, 2011	973
A parody video by the South Korean unit of Mr. Pizza restaurant chain has become a viral hit — and for good reason. It’s a clever send-up of all the braggadocio and insecurity that is bundled up in the Korean national character. And it shows that Kore...