 The Origins of Samsung Motors: Beginnings to 1996A. J. Jacobs ()
Chapter Chapter 10 in The Korean Automotive Industry, Volume 1, 2022, pp 343-365 from Springer Abstract: Abstract This chapter, “The Origins of Samsung Motors: Beginnings to 1996,” chronicles the trials and tribulations of Samsung Motors, beginning with a brief review of the rise to the top of the Samsung chaebol under its founder Byung-chull Lee (1936–1980). This is followed by sections discussing Samsung’s first attempt to enter the auto industry through an alliance with Chrysler Motors (1981–1988), and reviewing Samsung Heavy Industries’ (SHI) authorization as a commercial vehicle maker through an alliance with Nissan Diesel. During this period, the Samsung conglomerate also attempted to enter the car production business by taking control of Kia Motors (1988–1993). Thereafter, Samsung’s give and take with the Young-sam Kim Government is described, a compromise that would see Samsung relinquish its hold on Kia, win permission to enter the car business in December 1994, and culminate in the establishment of an independent car manufacturer, Samsung Motors, on March 28, 1995 (1993–1996). The chapter then concludes with a review of Samsung Motors’ ambitious plans at the onset of 1997, an agenda introduced without any inkling of the impending financial crisis that would wreak havoc on Asia. Date: 2022 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-86347-0_10 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-86347-0_10 Access Statistics for this chapter More chapters in Springer Books from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.