Topic > Kia and Hyundai Case Study - 1095

The Republic of Korea was a country that was on its knees before the Korean War. Today, South Korea is a country that has grown exponentially since the early 1950s. They are technologically advanced, have a distinct economy, a constitutionally developed government and a modern military. Shortly after the North Korean People's Army invaded South Korea and crossed the 38th parallel, President Truman ordered the United States Army to join the fight with South Korea in the Korean War. North Korea, supported by the Soviets, became communist, and out of fear, the United States joined the fight to help South Korea win and keep it anti-communist. With the United States of America and the USSR having completely different ideologies, Kia Motors just celebrated its 20th anniversary of selling vehicles in the United States. Kia sold more than 580,000 vehicles in 2014, marking the third consecutive year of selling more than half a million cars. Kia began selling fewer than 30,000 vehicles in 1995. Kia is the eighth largest automotive brand in the United States. Hyundai Motors has been around since the mid-1980s and arrived in the United States in the early 1990s. Initially, Hyundai produced a very unreliable car but, like their partner Kia, they have rebranded. They soldThe government works primarily at the national level; however, there are many local ministries that perform local government functions. With most stable three-branch systems, there are careful checks and balances in place. Each branch partially names the other branch. South Korea maintains diplomatic relations with over 170 countries. South Korea joined the United Nations in 1991, around the same time as North Korea. South Korea is truly a rags to riches story. In the late 1950s and early 1960s, South Korea was considered one of the worst countries in the world in per capita terms. They ranked in the same classes as most of the poorest countries in Africa and Asia. Since the 1960s, South Korea has steadily grown into one of the fastest growing economies in the world. As of 2014, they are currently the 12th largest economy in the world. There are a couple of problems with South Korea's financial model. The country relies heavily on exports, and the United States of America is the number one exporting country. Their exports account for more than half of their gross domestic product