The Mando Corporation ( ko, 만도)(KRX:204320), with headquarters in

Seoul, Korea Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of ...

, is the largest global Tier 1 Korean

Original Equipment Manufacturer An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional or ...

and supplier to General Motors, Cadillac,

Ford Ford commonly refers to: * Ford Motor Company, an automobile manufacturer founded by Henry Ford * Ford (crossing), a shallow crossing on a river Ford may also refer to: Ford Motor Company * Henry Ford, founder of the Ford Motor Company * Ford F ...

, Chrysler, Chevrolet, Nissan,

Kia Motors Company Kia Corporation, commonly known as Kia (, ; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second lar ...

, Fiat,

Volkswagen Volkswagen (),English: , . abbreviated as VW (), is a German motor vehicle manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Founded in 1937 by the German Labour Front under the Nazi Party and revived into a global brand post-W ...

, BMW, Suzuki, Hyundai Motor Company, and many other global automobile distributors. It has an annual profit topping over US$6 billion every year. It is currently owned and run by the original founding parent company, Halla Group. It was handed over to Halla by Sunsage B.V, a daughter company of

JP Morgan JPMorgan Chase & Co. is an American Multinational corporation, multinational Investment banking, investment bank and financial services holding company headquartered in City of New York, New York City and Delaware General Corporation Law, inco ...

. In 2014, Mando was split into two companies, with the legal successor changing its name to Halla Holdings and a new entity named Mando being created. This was done to create a holding company. Mando has three main areas of business:

Steering Steering is a system of components, linkages, and other parts that allows a driver to control the direction of the vehicle. Introduction The most conventional steering arrangement allows a driver to turn the front wheels of a vehicle using ...

parts, Brake parts, and

Suspension Suspension or suspended may refer to: Science and engineering * Suspension (topology), in mathematics * Suspension (dynamical systems), in mathematics * Suspension of a ring, in mathematics * Suspension (chemistry), small solid particles suspende ...

parts. Mando has recently opened a joint-venture company with

Hella ''Hella'' is an American slang term that originated in the San Francisco Bay Area. It is used as an intensifying adverb such as in "hella bad" or "hella good" and was eventually added to the ''Oxford English Dictionary'' in 2002. It is possibl ...

, to produce ABS sensor software algorithm. Additionally, Mando is part of a Halla Group. which is composed of

Automobile A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarde ...

Logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

, Investment banking, Ground transportation,

Education Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty ...

Construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ...

, and

sports Sport pertains to any form of competitive physical activity or game that aims to use, maintain, or improve physical ability and skills while providing enjoyment to participants and, in some cases, entertainment to spectators. Sports can, ...

and

Entertainment Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. It can be an idea or a task, but is more likely to be one of the activities or events that have developed over thousa ...

companies with over 10,000+ employees around the world. These companies are all part of the same ownership under one CEO.

History

Mando was created under the original founder of Halla Business Group, Mr. Chung In-Yung, (father of Chung Mong-won and younger brother of

Chung Ju-yung Chung Ju-yung or Jung Joo-young (; November 25, 1915 – March 21, 2001), was a South Korean entrepreneur, businessman and the founder of Hyundai Groups, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean far ...

who founded Hyundai Motor Company), on 1 October 1962. Initially, the company was named Hyundai International Inc. and changed its name to Mando Machinery Corporation in February 1980. In 1988, Mando opened the Brake System Plant in Pyeongtaek and two years later, opened the Munmak Steering System Plant (currently renamed Wonju operations). By 1995, Mando Machinery had a suspension system plant in Iksan as well as a dedicated R&D center. Mando America Corporation (MAC) was founded in 1996. In 1999, during the financial crisis, Mando was sold to Sunsage and was promptly renamed as Mando Corporation. Halla Group repurchased Mando Corporation subsequently. As of 2013, Mando Corporation has six affiliated locations in the United States within Michigan, Alabama, and Georgia. Its headquarters is in Seoul, South Korea. Its affiliates have a 1300-employee presence in North and South America. It is projected that Mando's affiliates will employ roughly 2,400 employees in the United States alone by 2017. In the overall scope, Mando Corporation has corporate offices, research & development facilities, assembly lines, casting plants, and other various functions worldwide such as China, Turkey, Brazil, India, Japan, Sweden, Germany, Poland, Australia, and Malaysia. Worldwide, the manufacturer employs over 10,000+ workers, and has an annual revenue of more than $6 billion. Mando Corporation provides a highly advanced and quality brakes, suspension, and steering parts to General Motors,

, Chrysler,

, Nissan, Hyundai,

Kia Kia Corporation, commonly known as Kia (, ; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second lar ...

, Suzuki, Chevrolet, and many other automobile manufacturers worldwide.

Products

Mando products include -''product overview''
official website, 2017 * Brake Systems - Drum Brake - Master Cylinder & Booster - ABS, ESC, AHB - EPB, MoC * Steering Systems - Steering Gear System - Manual Steering Gear - Hydraulic Power Steering Gear - Intermediate shaft - Steering Column - Electric Power Steering (DP-EPS, R-EPS, C-EPS) * Suspension Systems - Damper Spring Module - Shock Absorber - Suspension Strut - Self-Levelizer - Semi-Active Suspension * Driver Assistance Systems - Smart Cruise Control - Lane Keeping Assist System - Smart Parking Assist System - Blind Spot Detection - Autonomous Emergency Braking * Electronics-Iron Casting - Power Pack - Yaw & G Sensor - Ultrasonic Sensor - Torque Sensor - Torque Angle Sensor - 77 GHz/24 GHz Radar - Front Camera Module

Legal

In 2016, Mando was served with two separate patent infringement lawsuits from Bosch GmbH and Jaguar Land Rover Limited for multiple products. This is in addition to Nexteer Automotive Corporation v. Mando America Corporation alleging

trade secret Trade secrets are a type of intellectual property that includes formulas, practices, processes, designs, instruments, patterns, or compilations of information that have inherent economic value because they are not generally known or readily ...

theft and other numerous claims. Mando is not new to lawsuits as it has faced lawsuits regarding various discrimination claims in the past.

References

*http://scholar.google.com/scholar_case?case=18183302257506439022&hl=en&as_sdt=6&as_vis=1&oi=scholarr *http://www.law360.com/cases/57229cee5ff24a0458000002 *http://www.autonews.com/article/20160930/COPY01/309309899/bosch-sues-s.-koreas-mando-in-u.s.-on-alleged-patent-infringements *https://www.pacermonitor.com/public/case/2493480/Claude_Short_v_Mando_American_Corporation *http://www.employmentlawblog.info/2013/09/kidd-v-mando-american-corp-no-12-12090-11th-cir-sept-27-2013.shtml {{Automotive industry in South Korea Auto parts suppliers of South Korea Automotive companies established in 1962 South Korean brands South Korean companies established in 1962