Word: suhs
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...ERIC J. SUH...
...engineering a revolution. Revered by the staff as a member of the founding clan, he was able to gather information quickly and impose his will on the organization. After years managing the after-sales service operation, he concluded that quality problems were the crux of the company's ills. Suh Byung Kee, Hyundai's president, recalls Chung bursting into his office five years ago and saying: "Quality is crucial to our survival. We have to get it right no matter what the cost...
...Though Chung's revelation might seem obvious, it wasn't to Hyundai's staff. A premium had always been placed on making cars quickly and cheaply. Even Suh, who is in charge of Hyundai's quality-improvement efforts, admits, "When I first came to Hyundai, I, too, didn't think quality cars were important." But the new chairman made blemish-free manufacturing the top priority. To break down interdivisional barriers, Chung forced designers, engineers and factory managers to work as a team by creating joint committees to examine blueprints of new models and weed out potential defects. Twice a month...
...threats frighten the East Asian nations, which have come to rely upon the U.S. as a benevolent trading partner. Said Narongchai Akrasanee, managing director of Thailand's Industrial Management Co.: "Our big brother, the U.S., is threatening to declare a trade war with the rest of the family." Complained Suh Sang Mok, vice president of the Korea Development Institute: "A lot of people in South Korea feel that it is being picked out as a sacrificial lamb...
...government is now stimulating the economy in hopes that increased demand by Korean consumers will make up for lost exports. Public spending is up about 10% this year, and the money supply is expanding at a 15% clip, compared with 10% in 1984. Economist Suh forecast that the government's generosity will help boost the South Korean growth rate slightly, to 6.2%, next year...