Word: hyundai
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...four presidential campaigns, went to work on a television ad that would bring Gephardt's theme to life. It showed a stern-looking Gephardt promising to force the Koreans to reduce tariffs on American cars, or "they'll soon learn how many Americans will pay $48,000 for a Hyundai." The spot hit the air in Iowa the day after Christmas and grabbed viewers by the collar. "What the TV did was punch through what I'd been saying for a year," Gephardt explained last week. "We finally got across that the trade bill isn't about protectionism...
None of the other NICs has been more successful or volatile than South Korea. The government has directed the growth of such huge industrial conglomerates as Hyundai and Daewoo, which manufacture cars, computers and other high-tech goods. Following the example of the giant Japanese manufacturers, the Korean companies have launched a determined U.S. invasion. Hyundai's subcompact Excel, which reached American shores last year, is the hottest-selling new imported auto in history. This summer, General Motors started selling small Daewoo cars under the Pontiac LeMans nameplate...
...Lawrence River on the south and its ancient walls elsewhere, vieux Quebec remains a warren of narrow, hilly streets, dominated by two landmarks -- the venerable, copper-turreted Chateau Frontenac hotel and the ornate 19th century building that houses Quebec's National Assembly. South Korea's Hyundai Motor Co. is building a new automobile factory at Bromont, located 40 miles southeast of Montreal, that will provide jobs for some 2,000 Quebecers...
Even as Roh and Kim chatted amiably last week, the optimistic mood was disrupted by labor violence. More than 700 disputes continue to fester following a rash of strikes that first broke out in July. At a Hyundai Heavy Industries shipyard in Ulsan, where walkouts resumed after wage talks collapsed, a striker died and three others were seriously injured when a driver, whom they had beaten, got back into his truck and ran them over. Some 13,000 strikers occupied the yard, smashing windows, setting fire to cars and battling riot police. Late in the week police raided Hyundai...
...million people is believed to be $900, far less than South Korea's $2,274. The North's GNP rose last year by 1% to 4%, to about $20 billion, compared with a 12.5% increase, to about $95 billion, in the South. While South Korea pumps out Hyundai * automobiles and Daewoo computer equipment, some North Koreans drive trucks that burn wood for fuel and toil over equally outmoded factory equipment. Food is rationed...