If war breaks out between the Koreas
05-27-2010, 11:28 AM
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If war breaks out between the Koreas
What exactly do you think will happen with Hyundai? I know most of the cars are built here in the states but Im sure theres still alot of things that do come from overseas in Seoul. So will we see longer times for sales orders, or will prices go up because of the impending doom of war?
Discuss.
And just for giggles I needed to post this
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Discuss.
And just for giggles I needed to post this
<object width="425" height="350"><param name="movie" value="http://www.youtube.com/v/xh_9QhRzJEs"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/xh_9QhRzJEs" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object>
05-27-2010, 11:32 AM
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they will probably just pack up shop and move it all here, most of the cars are made here anyways
the hyundai plant would be a VERY strategic place for N. korea to hit, they can use the equipment to make military vehicles
then again n. korea is pretty dumb, they would probably be happy with just blowing everything up
the hyundai plant would be a VERY strategic place for N. korea to hit, they can use the equipment to make military vehicles
then again n. korea is pretty dumb, they would probably be happy with just blowing everything up
05-27-2010, 02:53 PM
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i think if the cars are made here in America, then we will no longer see competitive pricing sad.gif i doubt that there will be war. they've been making these threats for a while and not like Jerusalem bombing instantaneously.
05-27-2010, 03:37 PM
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i was thinking more along the lines of additional cost of importing costs of metals and plastics. I forget distinctively, but Hyundai metals and plastics are provided by China, supplied by Toyota, and distributed by companies in Indonesia.
if N. Korea bombs Hyundai plants, which will consequently result in total economic collapse, and their market base is moved to America, that will mean they won't be able to have cheap resources and cheap Korean labor like they have been able to take advantage of.
if N. Korea bombs Hyundai plants, which will consequently result in total economic collapse, and their market base is moved to America, that will mean they won't be able to have cheap resources and cheap Korean labor like they have been able to take advantage of.
05-27-2010, 06:21 PM
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lol cheap korean labor
there wages are almost as high as ours
there wages are almost as high as ours
QUOTE
The average salaries for foreigners differ greatly depending on which company you decide to work for. Monthly pay for teaching English without any prior experience can be anywhere from 2.1 to 2.5 million won (approximately $ 1,830 - $ 2,180 USD) in accordance with a 20-30 hour workweek.
For engineers and high-tech specialists, employment at one company can mean an average monthly salary of 5 million won ($ 4,360) whereas another company will offer a salary of over 8 milion won ($8,000) USD. Finding up-to-date numbers for average Korean salaries is a challenge. It may be most efficient for you to discuss pay with a potential employer right off the bat so you know your financial situation. Bear in mind that the cost of living in Korea is lower compared to most other countries.
For engineers and high-tech specialists, employment at one company can mean an average monthly salary of 5 million won ($ 4,360) whereas another company will offer a salary of over 8 milion won ($8,000) USD. Finding up-to-date numbers for average Korean salaries is a challenge. It may be most efficient for you to discuss pay with a potential employer right off the bat so you know your financial situation. Bear in mind that the cost of living in Korea is lower compared to most other countries.
05-27-2010, 06:38 PM
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most of their cars stay in Korea. They have strict limits on the number of imported vehicles, that's why it's so easy to find pictures showing 100s of Tiburons at the track. At least that's what I understand from discussions I've seen.
05-27-2010, 07:12 PM
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^faithofadragon you're right, but the primary company saves by not providing great benefits. that is how it survives, as compared to other car manufacturers. i'm reading that the average salary is $58,000 USD. while that may be the case for the primary company, the secondary suppliers are the ones with cheap labor problems (the ones i mentioned):
these "irregular workers" are temporary hired workers composed of administrative staff who don't receive benefits because they are on contract. these are the people protected by their "militant" labor union that are striking:
their management is terrible, and hire many temporary workers, they save money this way. this wouldn't be possible if the company transferred the majority of its production to the United States.
QUOTE
The average salary of the workers at a primary subsidiary of Hyundai, which supplies auto parts, is 48 million won. In a big contrast to them, the average annual salary of a secondary auto parts supplier is 23 million won ($15,000USD). Even worse, that average salary includes the administrative staff of the company.
The company relies entirely on irregular workers for the production of parts. If we consider the fact that the wage level of irregular workers is lower than that of regular workers, the average wage of that company goes down even more.
The company relies entirely on irregular workers for the production of parts. If we consider the fact that the wage level of irregular workers is lower than that of regular workers, the average wage of that company goes down even more.
these "irregular workers" are temporary hired workers composed of administrative staff who don't receive benefits because they are on contract. these are the people protected by their "militant" labor union that are striking:
QUOTE
Many of the employees were not regularized and the management was hiring contract employees for direct manufacturing, which is "illegal"
QUOTE
The Hyundai union has a dishonorable record of going on strike every year since its founding, except in 1994 and 2008. The union went on strike 11 times in 2006 alone.
QUOTE
The latest strike at Hyundai Motor Co. ended again without any progress in the relations between management and labor.
People criticized the two sides for “habitually resorting to strikes” and for “colluding with union leaders” respectively.
People criticized the two sides for “habitually resorting to strikes” and for “colluding with union leaders” respectively.
their management is terrible, and hire many temporary workers, they save money this way. this wouldn't be possible if the company transferred the majority of its production to the United States.
