A Structural Reform in Hyundai Motor Group and Overseas Expansions
Before and after the economic crisis of 1997
2025 Volume 12 Pages 123-134
Details
2025 Volume 12 Pages 123-134
After the economic crisis of 1997, the South Korean automobile industry was forced to implement a general structure reorganization under the control of International Monetary Fund, the result of which was her regrouping from the four groups owned by domestic capital into the four groups which contained foreign capital, that is Hyundai Motors Group (HMG), GM Daewoo, Renault Samsung, and Ssangyong. In the course of that, HMG had become to occupy more than 70 % respectively in the manufacturing, sales and export of the Korean automobile industry.
In order to make clear factors of such a reach of “monopolistic position” of HMG, this research mainly focused on the analysis of correlations between overseas expansions and structural reform of the HMG including acquisition of Kia Motor.
