Word: ulsan
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...refused to meet with his employees' newly formed unions and promptly shut down seven of his conglomerate's 24 companies. Among the shuttered enterprises: Hyundai Shipbuilding & Heavy Industries, with 24,000 workers, and Hyundai Motor, with 23,000. More than 60,000 employees in the southeastern city of Ulsan were locked out. Trying to rally near one factory, 20,000 workers clashed with riot police. A day later, 40,000 strikers and supporters staged a twelve-hour demonstration in and around Ulsan. Wearing white safety helmets and their blue company uniforms, the demonstrators flooded into the municipal stadium after...
Hyundai (rhymes with Sunday) will offer U.S. buyers a front-wheel-drive subcompact and a rear-wheel-powered compact, both made in its modern factory on an 86-acre site in the port city of Ulsan. This year the plant's production capacity will be increased from 150,000 to 300,000 vehicles a year in anticipation of U.S. sales. Just what the subcompact will look like is known only to Hyundai officials, who have code named it the X car. It will be unveiled in March and is expected to sell for as little as $5,000. That would...
...finishes on Canada's Pony, for example, are below par. Says Chrysler Vice Chairman Gerald Greenwald: "They've got the will. The question is if they have the ability." Hyundai officials admit they have a long way to go. Said H.B. Suh, an executive at the plant in Ulsan: "We are still trying to improve our productivity, and our quality control is getting better...
...skylines of industrial areas like Suwon, Chonan, Taegu and Inchon. Mountains of West Virginia coal are piled up at Pohang on the southeast coast, where 10,000 employees are producing steel or building plants for what will be the world's largest integrated steelworks. Farther south at Ulsan, the rocky coastline is broken by the giant hulls of 230,000-ton supertankers taking shape at ultramodern yards. South Korea's G.N.P., $17.2 billion, is about the same as Greece's, and per capita G.N.P. for its 33.5 million citizens is $513, v. $129 after the Korean...
...coastal city of Ulsan last week, old and new Korea came into symbolic confrontation. The spring mists filtering across the landscape were mixed for the first time with ammonia clouds, and Korean farmers wearing traditional costumes stood side by side with businessmen and government officials in trim, Western-style business suits. All had gathered for the dedication of the Korea Fertilizer Co.'s new urea plant, which, with an annual capacity of 330,000 tons of fertilizer, will be one of the world's largest. Presiding over the ceremonies, suitably enough, was Byung Chull Lee, 57, the plant...