Uneven Growth: Hyundai and Kia’s Korean Operations, 2011–2019

A.J. Jacobs

Chapter Chapter 9 in The Korean Automotive Industry, Volume 2, 2023, pp 269-306 from Springer

Abstract: Abstract “Uneven Growth: Hyundai and Kia’s Korean Operations, 2011–2019,” proceeds from where Chapter 8 left off, and provides an overview of the major events occurring at HMC and Kia’s Korean operations from 2011 through 2019. It begins with a section that chronicles the continued expansion of the automotive group’s Korean operations between 2011 and 2015, which was aided by Korea’s FTAs with the U.S. and European Union (EU). It then examines the derailment and backtracking of the Hyundai-Kia growth train, which was stymied by frayed international relations, trade friction, and falling U.S. demand. It concludes with a summary of trends for the period and an outlook for its group’s future during 2020s. A final purpose of this chapter is to provide some background for Chapters 10 through 12 , which examine the two automakers’ plant activities in North America, Europe, and Emerging Asia through 2019.

Date: 2023
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DOI: 10.1007/978-3-031-36453-2_9

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