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GM DAT
GM Korea Company () is the South Korean subsidiary of American multinational corporation General Motors and the third largest automobile manufacturer in South Korea. GM Korea's roots go back to the former Daewoo Motors vehicle brand, which was split from its parent company, Daewoo, in 2002. In addition to importing vehicles for sale into South Korea, the company also operates three manufacturing facilities producing vehicles for the domestic market and for export. History Predecessors GM Korea's roots go back to the remnants of the Korean War and Shinjin Motors, which launched its business by rebuilding scrapped US military vehicles. Shinjin Motor was first established as National Motor in 1937 in Bupyeong-gu, Incheon, Japanese Korea. After changing its name to Saenara Motor in 1962, Saenara Motor was bought by Shinjin Industrial in 1965, which changed its name to Shinjin Motor after establishing a partnership with Toyota. After Toyota's withdrawal in 1972 (to keep doing busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the ''Tom yum, Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to floating currency, float the baht due to lack of list of circulating currencies, foreign currency to support its currency fixed exchange rate, peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Motor Company
Hyundai Motor Company, often referred to as Hyundai Motors, ( ) and commonly known as Hyundai (), is a South Korean multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia, Kia Corporation, and owns a luxury cars subsidiary, Genesis Motor, Genesis. The three brands altogether make up the Hyundai Motor Group. Hyundai operates the second largest automobile manufacturing facility in the world in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs approximately 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 car dealership, dealerships and showrooms. As of November 2024, Hyundai is the world's List of automotive manufacturers by production, third-largest carmaker in terms of production, behind competitors Toyota and Volkswagen Group, Volkswagen. History E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Development Bank
Korea Development Bank (KDB Bank) is a South Korean state-owned development bank which aims to encourage the industrial development of South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. , it was the 61st biggest global bank according to The Bankers top 1000 World Bank List. KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and providing capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a Commercial and Investment Bank. Nevertheless, it is a major restructuring player and has saved many big companies during major financial crisis, especially in the 1997 Asian financial crisis and the 2008 financial crisis. History KDB Bank was founded in 1954 to supply and manage major industrial c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fire Engine
A fire engine or fire truck (also spelled firetruck) is a vehicle, usually a specially designed or modified truck, that functions as a firefighting apparatus. The primary purposes of a fire engine include transporting firefighters and water to an incident as well as carrying equipment for firefighting operations in a fire drill. Some fire engines have specialized functions, such as wildfire suppression and aircraft rescue and firefighting, and may also carry equipment for technical rescue. Many fire engines are based on a commercial vehicle chassis that is further upgraded and customized for firefighting requirements. They are generally considered Emergency vehicle, emergency vehicles authorized to be Emergency vehicle equipment, equipped with Emergency vehicle lighting, emergency lights and Siren (alarm), sirens, as well as communication equipment such as two-way radios and mobile computer technology. The terms ''fire engine'' and ''fire truck'' are often used interchangeably ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opel Rekord Series D
The Opel Rekord D series is a large family car that replaced the Rekord C on Opel's Rüsselsheim production lines during the closing weeks of 1971 and launched on the West German market at the start of 1972. It shared its wheelbase and inherited most of its engines from its predecessor, but the bodies were completely new. Also new, announced in September 1972, was the option of a diesel powered Opel Rekord. Early advertising and press material called the new car the "Opel Rekord II" but in due course, the "Rekord II" appellation was quietly dropped and the Rekord D was replaced at the end of the 1977 summer holiday shut down by the Opel Rekord E. The Rekord D's 5½ year production run was longer than that of any previous generation of Opel Rekord: during that period 1,128,196 were produced. It was the second Opel Rekord to exceed the million mark, although its final year saw a marked decrease in demand, as the car was challenged from below after 1975 by the second generation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saehan Motors
The Saehan Motor Company was a South Korean automobile manufacturer founded in 1976, which was born on the collaboration of Shinjin Industrial Company and General Motors to introduce their products on the South Korean market. Saehan was born on the former "General Motors Korea", which encountered difficulties when the South Korean market collapsed, following the first round of oil rises in 1973. This joint-venture, 50-50 between GM and Shinjin, consisted on a car assembly plant in Bupyong, a truck assembly plant in Pusan and a foundry at Incheon. In November 1976, Shinjin Motors faced financial problems and sold its 50% stake in Saehan to the Korea Development Bank (KDB). In 1978, the Daewoo Group acquired the equity stake and management rights from KDB. The company was renamed Daewoo Motor Co. in January 1983. History The company origins can be traced back to National Motors, a company established in 1937 in Bupyeong-gu, Incheon, South Korea. Its name was changed to "Saenara ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toyota
is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manufacturers by motor vehicle production, largest automobile manufacturer in the world, producing about 10 million vehicles per year. The company was founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. While still a department of Toyota Industries, the company developed its first product, the Toyota Type A engine, Type A engine, in 1934 and its first passenger car in 1936, the Toyota AA. After World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which gave rise to The Toyota Way (a management philosophy) and the Toyota ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Under Japanese Rule
From 1910 to 1945, Korea was ruled by the Empire of Japan under the name Chōsen (), the Japanese reading of "Joseon". Japan first took Korea into its sphere of influence during the late 1800s. Both Korea (Joseon) and Japan had been under policies of isolationism, with Joseon being a Tributary system of China, tributary state of Qing China. However, in 1854, Perry Expedition, Japan was forcibly opened by the United States. It then rapidly modernized under the Meiji Restoration, while Joseon continued to resist foreign attempts to open it up. Japan eventually succeeded in opening Joseon with the unequal Japan–Korea Treaty of 1876. Afterwards, Japan embarked on a decades-long process of defeating its local rivals, securing alliances with Western powers, and asserting its influence in Korea. Japan Assassination of Empress Myeongseong, assassinated the defiant Korean queen and intervened in the Donghak Peasant Revolution.Donald Keene, ''Emperor of Japan: Meiji and his World, 1852� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shinjin Motors
Shinjin Motors or Sinjin Motors (, ) is a defunct South Korean car manufacturer. A related bus manufacturer called "Shinjin Bus Manufacturing Company" was founded in 1955 as an independent company. It is now a part of Daewoo Bus, Daewoo Bus Corporation. History The Shinjin Industrial Company began as a parts producer in 1954, branching into the automotive field in 1958 as a rebuilder for the U.S. Army, with actual assembly commencing in 1962.Odaka (1983), p. 290. The Government of South Korea enacted the "Automotive Industry Promotion Law" in 1962.Keller, Samuels (2003), p. 116–117. Under this legislation, the importation of assembled automobiles was outlawed; subsidies were made available to assemblers who were also afforded tariff exemption on the importation of parts.Catalan (2007), p. 3. Responsibility for deciding which firms would be authorized to undertake automobile manufacturing was held by the Minister of Trade and Industry, who at the time opted to appoint just ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korean War
The Korean War (25 June 1950 – 27 July 1953) was an armed conflict on the Korean Peninsula fought between North Korea (Democratic People's Republic of Korea; DPRK) and South Korea (Republic of Korea; ROK) and their allies. North Korea was supported by China and the Soviet Union, while South Korea was supported by the United Nations Command (UNC) led by the United States. The conflict was one of the first major proxy wars of the Cold War. Fighting ended in 1953 with an armistice but no peace treaty, leading to the ongoing Korean conflict. After the end of World War II in 1945, Korea, which had been a Korea under Japanese rule, Japanese colony for 35 years, was Division of Korea, divided by the Soviet Union and the United States into two occupation zones at the 38th parallel north, 38th parallel, with plans for a future independent state. Due to political disagreements and influence from their backers, the zones formed their governments in 1948. North Korea was led by Kim Il S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
