Supplier Relations—Extended Quasi-Vertical Integration

Hyung Je Jo (), Jun Ho Jeong () and Chulsik Kim ()
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Hyung Je Jo: University of Ulsan
Jun Ho Jeong: Kangwon National University
Chulsik Kim: The Academy of Korean Studies

Chapter Chapter 5 in Agile Against Lean, 2023, pp 171-195 from Springer

Abstract: Abstract This chapter analyzes the characteristics of Hyundai Motor’s parts supply structure. Hyundai Motor has a supply chain that is markedly different from those of other automakers. We conceptualize it as ‘extended quasi-vertical integration.’ Hyundai Motor had initially established this network by bringing not only affiliated but also non-affiliated parts suppliers into its subcontracting system in the 1980s thanks to government support. This has been later systematized through Hyundai Mobis’ advances in the production of modular parts and bureaucratic quality assurance since the 2000s. Hyundai Motor’s extended quasi-vertical integration can be distinguished from Japanese keiretsu in that the former encompasses not only group affiliates linked by complex equity ownership relationships but also independent companies that are not.

Keywords: Supplier relations; Extended quasi-vertical integration; Modular production; Hyundai Motor; Hyundai Mobis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-2042-6_5

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DOI: 10.1007/978-981-99-2042-6_5

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