Automotive Industry In South Korea
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Automotive Industry In South Korea
The automotive industry in South Korea is the fifth-largest in the world as measured by automobile unit production and also the sixth-largest by automobile export volume. While its initial operations were merely the assembling of parts imported from foreign companies, South Korea is today among the most advanced automobile-producing countries in the world. Annual domestic output first exceeded one million units in 1988. In the 1990s, the industry manufactured numerous in-house models, demonstrating not only its capabilities in terms of design, performance, and technology, but also signalling its coming of age. History Origins The history of the Korean automotive industry began in August 1955, when Choi Mu-seong, a Korean businessman, and two of his brothers (Choi Hae-seong and Choi Soon-seong), mounted a modified and localized jeep engine on a US military jeep-style car body made with the sheet metal from a junk oil drum can and military junk Jeep parts to manufacture its f ...
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Hyundai Car Assembly Line
Hyundai is a Automotive industry in South Korea, South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups: * Hyundai Group, parts of the former conglomerate which have not been divested ** Hyundai Mobis, Korean car parts company ** Hyundai Asan, a real estate construction and civil engineering company * Hyundai Motor Group, the automotive part of the former conglomerate ** Hyundai Motor Company, an automobile manufacturer ** Hyundai N *** Hyundai Motorsport, a racing team *** Hyundai Motor India ** Hyundai Rotem, a manufacturer of railway vehicles, defense systems, and factory equipment ** Hyundai Engineering & Construction, a construction company * Hyundai Heavy Industries Group, the heavy industry part of the former conglomerate ** Hyundai Heavy Industries, the primary company representing the group ** Hyundai Corporation, a trading and industrial investment company ** Hyundai Mipo Dockyard, a shipbuilding company ** Hyundai Oilbank, a petr ...
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Kia Design And Manufacturing Facilities
South Korean automobile manufacturer Kia maintains 14 manufacturing facilities in eight countries along with research centres in South Korea, the US, Japan, and Germany. Kia has four manufacturing plants in South Korea and additional plants in China, India, Japan, Mexico, Slovakia, the United States and Vietnam. Design centers Namyang Design Center The Namyang Design Center, located in Hwaseong, South Korea, serves as Kia's primary design facility. The facility, which is shared with parent company Hyundai, is located on over 3.3 million square meters of land and serves as the central hub for engineering work encompassing the entire design process, from pre-design studies, prototyping and extensive track testing, full-scale wind tunnel aerodynamic testing. to crash testing. Kia and Hyundai employees from around the world receive training at the Namyang Center. * Kia Design Center America The Kia Design Center America in Irvine, California, is located on a corporate campus wit ...
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Daewoo Motors
Daewoo Motors ( ) was a South Korean automotive company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group. After running into financial difficulties,Daewoo Motor plunges into bankruptcy
on ''The Guardian'', 8 Nov 2000
it sold most of its assets in 2002 to at $1.2 billion, becoming a of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed

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Daewoo
Daewoo ( ; Hangul: , Hanja: , ; literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer. It was founded on 22 March 1967 as Daewoo Industrial and was declared bankrupt on 1 November 1999, with debts of about US$50 billion (equivalent to $ billion in ). Prior to the 1997 Asian financial crisis, Daewoo was the second largest conglomerate in South Korea after the Hyundai Group. There were about 20 divisions under the Daewoo Group, some of which survived as independent companies. History Beginning and development The Daewoo Group was founded by Kim Woo-choong in March 1967. He was the son of the Provincial Governor of Daegu. He graduated from the Kyonggi High School, then finished with an Economics Degree at Yonsei University in Seoul. During the 1960s, after the end of the Syngman Rhee g ...
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Barclays Bank
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney's Bank, Gurney, Peckover and Company, united as a joint-stock company, joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first Automated teller machine, cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North Americ ...
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Machine Press
A forming press, commonly shortened to press, is a machine tool that changes the shape of a work-piece by the application of pressure. The operator of a forming press is known as a press-tool setter, often shortened to tool-setter. Presses can be classified according to * their mechanism: hydraulic, mechanical, pneumatic; * their function: forging presses, stamping presses, press brakes, punch press, etc. * their structure, e.g. Knuckle-joint press, screw press * their controllability: conventional vs. servo-presses Shop Press Typically consisting of a simple rectangular frame, often fabricated from C-channel or tubing, containing a bottle jack or hydraulic cylinder to apply pressure via a ram to a work-piece. Often used for general-purpose forming work in the auto mechanic shop, machine shop, garage or basement shops, etc. Typical shop presses are capable of applying between 1 and 30 tons pressure, depending on size and construction. Lighter-duty versions are often c ...
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Car Body Molding
Automotive molding or car body molding are decorative and protective moldings on the car body. The term applies both to the detail and the material. Car moldings include side body molding, lower body molding, door moldings, window moldings, footrest molding, mudflaps, etc. They are often found in services in association with car mat Vehicle mats, also known as "automobile floor mats", are designed to protect a vehicle's floor from dirt, wear, and salt corrosion. One major use of a vehicle mat is to keep the car looking clean. Most mats can be easily removed for cleaning a ...s, etc. Various car moldings must have high scratch resistance, weather resistance and gloss matching that of the car body. A common material which provides these is polyvinyl chloride.Molding for automobile – US ...
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Technology Transfer
Technology transfer (TT), also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the person or organization that owns or holds it to another person or organization, in an attempt to transform inventions and scientific outcomes into new products and services that benefit society. Technology transfer is closely related to (and may arguably be considered a subset of) knowledge transfer. A comprehensive definition of technology transfer today includes the notion of collaborative process as it became clear that global challenges could be resolved only through the development of global solutions. Knowledge and technology transfer plays a crucial role in connecting innovation stakeholders and moving inventions from creators to public and private users. Intellectual property (IP) is an important instrument of technology transfer, as it establishes an environment conducive to sharing research results and technologies. Analysis in 2003 showe ...
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Mitsubishi
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. The company was disbanded during the occupation of Japan following World War II. The former constituents of the company continue to share the Mitsubishi brand and trademark. Although the group of companies participate in limited business cooperation, most famously through monthly "Friday Conference" executive meetings, they are formally independent and are not under common control. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric and Mitsubishi Heavy Industries (both diversified manufacturing companies). History The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the name ...
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Transmission (mechanics)
Propulsion transmission is the mode of transmitting and controlling propulsion power of a machine. The term ''transmission'' properly refers to the whole drivetrain, including clutch, gearbox, prop shaft (for rear-wheel drive vehicles), differential, and final drive shafts. In the United States the term is sometimes used in casual speech to refer more specifically to the gearbox alone, and detailed usage differs. The transmission reduces the higher engine speed to the slower wheel speed, increasing torque in the process. Transmissions are also used on pedal bicycles, fixed machines, and where different rotational speeds and torques are adapted. Often, a transmission has multiple gear ratios (or simply "gears") with the ability to switch between them as the speed varies. This switching may be done manually (by the operator) or automatically (by a control unit). Directional (forward and reverse) control may also be provided. Single-ratio transmissions also exist, which simply cha ...
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Italdesign Giugiaro
Italdesign Giugiaro S.p.A. is a design and engineering company and brand based in Moncalieri, Italy, that traces its roots to the 1968 foundation of Studi Italiani Realizzazione Prototipi S.p.A. by Giorgetto Giugiaro and Aldo Mantovani. Best known for its automobile design work, Italdesign also offers product design, project management, styling, packaging, engineering, modeling, prototyping and testing services to manufacturers worldwide. As of 2010, Italdesign employs 800 people. On August 9, 2010, Volkswagen Group subsidiary Audi's subsidiary Lamborghini acquired 90.1% of the shares of Italdesign Giugiaro S.p.A., including the brand name rights and patents. The remaining shares were sold to Audi on 28 June 2015, with Giorgetto Giugiaro resigning from the firm at the same time. History Foundation Giorgetto Giugiaro and Aldo Mantovani founded Studi Italiani Realizzazione Prototipi S.p.A., the company that would eventually become Italdesign, on February 13, 1968, in Moncalieri, ...
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British Leyland Motor Corporation
British Leyland was an automotive engineering and manufacturing conglomerate formed in the United Kingdom in 1968 as British Leyland Motor Corporation Ltd (BLMC), following the merger of Leyland Motors and British Motor Holdings. It was partly nationalised in 1975, when the UK government created a holding company called British Leyland, later renamed BL in 1978. It incorporated much of the British-owned motor vehicle industry, which in 1968 had a 40 percent share of the UK car market, with its history going back to 1895. Despite containing profitable marques such as Jaguar, Rover and Land Rover, as well as the best-selling Mini, BLMC had a troubled history, leading to its eventual collapse in 1975 and subsequent part-nationalisation. After much restructuring and divestment of subsidiary companies, BL was renamed the Rover Group in 1986, becoming a subsidiary of British Aerospace from 1988 to 1994, then was subsequently bought by BMW. The final surviving incarnation of the co ...
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