Kia And Hyundai Case Study

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The Republic of Korea was a country that was down in the dirt before the Korean War. Today, South Korea is a country that has grown exponentially since the early 1950s. They are technologically advanced, have a distinguished economy, a constitutionally developed government and a modern military. Shortly after the North Korea People’s Army invaded South Korea and crossed the 38th Parallel, President Truman ordered the United States military to join the fight with South Korea in the Korean War. North Korea, who were backed by the Soviets, became communistic and out of fear, USA joined the fight to help keep South Korea win and to keep them anti-communist. With the United States of America and USSR with completely different ideologies,…show more content…
Kia motors just celebrated its 20th anniversary selling vehicles in the United States. Kia sold over 580,000 vehicles in 2014, good for its third straight year selling more than half a million automobiles. Kia started by selling less than 30,000 vehicles in 1995. Kia ranks as the eighth largest auto brand in the United States. Hyundai Motors has been around since the mid 1980s and came to the United States in the early 1990s. Initially, Hyundai made a very unreliable automobile but like their partner, Kia, they have turned around their brand. They sold…show more content…
The government mostly works at the national level; however, there are a lot of local ministries that carry out local government functions. With most stable three-branch systems, there is a careful checks and balances in place. Each branch partially appoints each other branch. South Korea maintains diplomatic relations with over 170 countries. South Korea joined the United Nations in 1991, the same time North Korea also joined. South Korea truly is a rags to riches story. In the late 1950s and early 1960s, South Korea ranked was one of the worst countries in the world per capita. They ranked in the same classes as most of the poorer countries in Africa and Asia. Since the 1960s, South Korea has steadily grown as one of the world’s fastest growing economies. As of 2014, they currently rank as the 12th largest economy in the world. There are a couple problems with South Korea’s financial model. The country is relying heavily on exports and the United States of America is the number one country they are exporting to. Their exports make up more than half of their gross domestic
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