Manufactured Goods in Korea

In: Business and Management

Submitted By mon25361
Words 497
Pages 2
South Korea is recognised as one of the fastest-growing economies in the world. During the four decades following the Korean War, it evolved from one of the most abject states in the region to one of the most vibrant, a manufacturing powerhouse that has virtually eradicated poverty, malnutrition, and illiteracy.

Korea is today among the most advanced automobile-producing countries in the world.

The automotive industry is the fifth-largest in the world measured by automobile unit production and the fifth-largest by automobile export volume. Some examples: Hyundai, Daewoo, Kia, Renault Samsung vehicles

LG and Samsung – which are the most manufactured foods in South Korea. Both companies have a reputation for quality, innovation and value.

Focus: Samsung

Less than a decade ago, Samsung Electronics was a maker of lower-end consumer electronics, barely noticeable in global markets. The company figured out how to move up the value chain by building a strong brand image and innovation. Its efforts are paying off: in 2009, Samsung ranked 19th on Interbrand’s Best Global Brands list. Samsung’s rise in ranking over the last decade was the fastest among any of the top 100 brands. It has even surpassed rival Sony with a ranking of 20 and sony 29. Hyundai Motor and LG Electronics are making similar dramatic progress.

In 2012, it overtook longtime leader Nokia to become the No. 1 player in cellphones, with 29% market share worldwide. In smartphones, those high-end devices with advanced computing power, Samsung is also No. 1 globally and in a dead heat with Apple in the U.S.: In the weeks following the launce of Apple’s iphone 5, Samsung sold a record-breaking no. of its own sig. smartphone, the Galaxy SIII. Most analysts show Apple with a slight edge in smartphone sales, while one outfit, ABI Research, says Samsung’s share of smartphone shipments topped…...

Similar Documents

History Korea

...complex, shifting, and historic relations between these areas, as well as relations with other places such at the United Sates in more recent times, the history of Korea has been told in many ways and is still the subject of hot debate both inside and outside the Koreas. North and South Korea have different versions of the peninsula’s history, both of which differ in detail and perspective from histories written in China, Japan, Russia, and the USA. The following sections, which attempt to outline the history in a balanced way, are based on a variety of materials, including lectures attended in a special workshop on Korean culture at Korea University in the summer of 1997. Map of Korea The overall pattern of development in the history of the Korean peninsula is a process that begins with an unknown number of early tribal groups that populate the peninsula in prehistoric times, wandering out of Siberia and areas to the west. Over time, some of these groups form more complex societies that eventually result in early kingdoms that grow up on the peninsula; in some cases extending westwards into what is now Chinese territory. As time and events unfolded, these kingdoms were unified, though the borders and degree of unity have continued to change over time—down to today. Besides the obvious split between North and South Korea, cultural differences (including dialect, food, and local identity) exist between the various regions of the peninsula. In some cases these differences are......

Words: 13044 - Pages: 53

North Korea and South Korea

...After the war between North Korea and South Korea the North stayed communist but the South went back to its natural state meaning that it was not communist. -- Well, North Korea and South Korea went to war in the late 40's or early 50's (before then, Korea was one whole country.). The economy and government are very different between the two countries. South Korea is a perfectly good country. They have cell phones and cars and internet and they're a democracy (things you probably take for granted if you live in the US or Canada or South Korea or pretty much any other free country). But in North Korea things are different. Kim Jong ll rules over North Korea. In North Korea, people are pretty much brainwashed from a young age that the ruler of the country is always right, no matter what, and there's nothing you can do about that. North Korea doesn't have internet, and even though there's a few buses there, there's no such thing as a traffic jam there. They just started allowing cell phones, only a few people have them. International calls and texts aren't allowed. North Korea is basically a country that's closed off from the rest of the world. It's very difficult to leave the country. You might not be able to leave without a good reason, and if you do get to leave you might not be able to come back. It's pretty hard to travel there too- you can't just hop on a plane and fly there. Of course people do escape from time to time- but most people don't even try, don't even......

Words: 521 - Pages: 3

Manufactured Homes

...top-of-the-line manufactured house, but I am being offered bottom-of-the-line financing, even though my credit is pretty good. They want 8-9% when other mortgages are going for 5-6%. How come?" Most purchasers of manufactured housing, including you, are shut out of the mainstream mortgage market. They must find loans in a parallel market, which is much like the unsecured personal loan market. Lenders in this parallel market assume that loss rates on manufactured house loans will be high, as they are on personal loans, and they price them accordingly. They view manufactured houses as poor collateral that provides them with little protection. One reason for this view is that manufactured houses can be moved. Before the HUD building code went into effect in 1976, manufactured houses were called "mobile homes", and this term is still widely used. Even though few ever leave their first site, they remain tarnished by the image of mobility. Lender concern that the collateral can disappear is well grounded when the house sits on rented land, which is the case for about half of all manufactured houses. Most leases are short, and if the landowner decides that it is more profitable to use the land in some other way, the manufactured house owner must move it or leave it. Since the cost of moving is very high, and in many cases the property is worth little more than the debt, owners sometimes just walk away. The lender's collateral ends up in the trash heap. Few owners of......

Words: 864 - Pages: 4

Manufactured Musicians

...Manufactured Musicians When we look at the history of music we can see a major difference in what we hear now and what was heard in the past. Music has the power to change people and the way they see things, and the power to bring a group of people together. Many years ago, music was perceived as more of an art form. Sadly, it is slowly losing its characteristic as an art form. Music has always been seen similar to any other art form; a creative expression of the person creating it and solely created by themselves unless collaborated on. When we compare that to what we hear today, it is almost completely the opposite. Very rarely do we hear songs on the radio that are created solely and originally by that artist, and very rarely are the sounds and voices we hear completely that artist alone. Many of these artists heard on the radio are what I refer to as “manufactured musicians.” Looking back to the early days of music, there were few people aspiring to be musicians and to write songs just for the money they could earn. Professional entertainers were not common, and they were not there to solely make money. Now, it seems like that is all they want to do. Performers back then were not focused on the money they could make from entertaining. They were focused on expressing themselves as artists and showing what they believe in through their artistry. Nowadays, we can plainly see that these modern pop artists are solely focused on the money they can earn. They are not...

Words: 598 - Pages: 3

South Korea

...Country report South Korea – Electronic Yu Ming Lin Country Profile In February 1945 the end of World War II, Korean Peninsula divided into North and South Korea. South Korea also name Republic of Korea, 99,392 sq. km, has a population of almost 50 million, and has its capital at Seoul, the largest city in Korea. The second largest city is Busan, which is the country’s main port, has wonderful nature harbor beside the delta of Nakdong River. The major industrial prior 1948 was agriculture in Korea peninsula, South Korea was in a sever environment of economic. The war damage and the refugee from North Korea keep South Korea inflation and unemployment. Korea is full of mineral source, however, most minerals concentrated in the North such as gold, coal, ore, iron and graphite. There are some tungsten, amorphous graphite, coal, and iron in South Korea and the distribution percentage is North 80%~90% to South 10%. International trade Balance Of Payment The table above is the South Korea’s balance of payments account and this table can track the payments to and the receipts from other countries from 2006 to 2010. As we can see the current account surplus in all five years and it means that these five years South Korea exports more goods, services, and income than it imports. (Data from world databank) The Current Account In October 2011, South Korea’s current account surplus US4000 Million. South Korea’s growing economy relies on exports, and the most important......

Words: 4979 - Pages: 20

Korea

...2013). Indeed, why wouldn’t such a growth trajectory take on a supernatural descriptor? What’s more, in the 1960s few could have predicted such an ascent given that the Republic of Korea (ROK) lacked an abundance of natural resources, land mass or population size – frequently used indicators to forecast power potential (Organski 1968, 340). This has led researchers to question why South Korea was able to grow at such a remarkable pace, while other potential risers were not. For instance, Egypt, with a larger abundance of profitable natural resources, a larger land mass and nearly twice the population size, has had sluggish growth during that same time. Egypt’s GDP (OER) is US $255 billion; its unemployment is 12.5% or 130th in the world; and, its HDI ranking is 112th. Immanuel Wallerstein’s World System Analysis[2] provides a theoretical framework to consider such growth and development inequalities. He argues an essential organizing characteristic of the modern capitalist world economy is the division of labour. Wallerstein argues systemic power structures institutionalize structural divisions in labour and amplify core-periphery relations. This essay will consider the role of strong state machineries[3] for developmental growth in such a system. Through a comparative analysis of Egypt and South Korea, this essay will demonstrate that nationalistic state intervention is necessary for economic development[4]. Wallerstein’s focus is the analysis of the modern world economy,......

Words: 1095 - Pages: 5

Introducing Bateel to South Korea

...and Nuts. 5. Pre-packed specials These are bateel’s selective product packed as gifts. Why dates? Allocating dates between the star and cash cow is due to popularity of bateel in producing fine quality dates,as they are as well as high in demand compared to the other products manufactured by the company. Since they do the business typically specialised in making dates with different natural flavours and fillings. Moreover ,the product which we are going to launch is not new in the international market and the people are already know it and demand it,therefore we hope it will show the same performance which will makes them to enjoy high market share and growth. Why Chocolates? Even though the bateel chocolate has a low market share beside that they have well established competitors in this product line who are much specialised in only chocolate production therefore they tend to be in low demand at bateel. On the other hand chocolate is considered to be a growing market as reported by [3]AC Nielson's Retail Audit. In addition bateel is producing the chocolate out of camel milk which is pretty good for the health and the studies also given that chocolate market in south Korea is strong with 90% of respondents claiming to consume chocolate at least once a week Why Pastries? The dates are healthy in the first place especially for kids ,low in cost, high in nutrients and its not a seasonal product, it is available most of the year. Therefore it would be......

Words: 1064 - Pages: 5

Korea

...Korea, called Hanguk (Korean: 한국; Hanja: 韓國) in South Korea and Joseon (Korean: 조선; Hanja: 朝鮮) in North Korea, is an East Asian territory that is divided into two distinct sovereign states, North Korea (aka, DPRK or Democratic People's Republic of Korea) and South Korea (aka, ROK or Republic of Korea). Located on the Korean Peninsula, Korea is bordered by China to the northwest and Russia to the northeast. It is separated from Japan to the east by the Korea Strait and the Sea of Japan (East Sea). The adoption of the Chinese writing system ("Hanja" in Korean) in the 2nd century BC and the introduction of Buddhism in the 4th century AD had profound effects on the Three Kingdoms of Korea, which was first united during the Silla (57 BC – AD 935) under the King Munmu. The united Silla fell to Goryeo in 935 at the end of the Later Three Kingdoms. Goryeo was a highly cultured state and created the Jikji in the 14th century. The invasions by the Mongolians in the 13th century, however, greatly weakened the nation, which was forced to become a tributary state. After the Mongol Empire's collapse, severe political strife followed. The Ming-allied Choseon emerged supreme in 1388. The first 200 years of Choseon were marked by relative peace and saw the creation of the Korean Hangul alphabet by King Sejong the Great in the 14th century and the increasing influence of Confucianism. During the later part of the dynasty, however, Korea's isolationist policy earned it the Western nickname......

Words: 398 - Pages: 2

Manufactured Homes

...Financial Statement Analysis Assignment 1 “Manufactured Homes” 18 February 2015 Semester 2, Period 1 2014/2015 Student Name (Student Number), Tutorial Group Number ), 2 ___________________________________________________________________________ Question 1: The key aspects of Manufactured Homes business are, Manufactured Homes sells mobile homes for affordable prices. Their main focus is on low-income customers like retirees, people seeking a single-family residence but lacking to ability to buy a conventional house and people who want a second home for vacation purposes. Manufactured Homes sells 2 kinds of mobile homes, single-sectional homes and multiple sectional homes. Most of the sales Manufactured Homes makes are credit sales where to customer pays a down payment of 5-10% of the purchase price and the remaining amount through an installment contract over periods ranging from 84-180 months. The company sells the majority of these installment contracts to unrelated financial institutions on a recourse basis. Which means that Manufactured Homes is responsible for the payments to the financial institution if the customer defaults. I believe Manufactured Homes has a viable business, although the market is very competitive, because Manufactured Homes focuses on the low-end of the market to which many large competitors pay less attention Manufactured Homes will have a solid niche position. Manufactured Homes also has the potential to buy in bulk, which gives......

Words: 1192 - Pages: 5

Korea

...infrastructure, Seoul is a major corporate and leisure destination in Asia, offering tourists a diverse mix of cultural, entertainment, dining and shopping experiences. International visitor arrivals have been on the rise since 2003. The Korean wave and the government’s initiatives to boost tourism as well as the depreciation of the Won have encouraged visitation to Seoul. In 2012, international visitor arrivals to South Korea was recorded at 11.1 million, above the target of 10 million tourists. In 2013, visitor arrivals edged up to 12.2 million tourists, a 9.3% year-on-year increase, supported by the increasing number of tourists from Mainland China. Japanese visitors decreased dramatically by 21.9% compared to 2012 due to the weakening of the Yen and a strained political relationship. However, Japan and Mainland China still remained as the top two source markets to South Korea in 2013. There has been a significant increase in hotel development in the capital city of Seoul against a backdrop of demand growth and limited room supply in recent years. According to Korea Ministry of Culture, Sports and Tourism (KMCST), approximately 50 new hotel projects have been submitted which could potentially result in an additional 22,200 rooms by 2017. Several international branded full-service and limited-service hotels opened in the past few years and others have intentions to enter the Seoul market by 2015. Hotel trading performance in Seoul recorded year-on-year growth until 2012 but......

Words: 6524 - Pages: 27

Pestee Korea

...PESTEE Analysis Korea Political Analysis Political factors refer to political situation of the country and the extent to which it may affect and interfere with the project. Political system of South Korea has undergone a huge transformation to become a democratic country in 1987. South Korea became a stable democracy with strong political and economic support from the US The political landscape of the country include centralization of power which the implementation of economic reforms became faster and effective so that the country was fully focused on economic development and friendly to foreign investments, especially strengthening foreign relationships with emphasis on EU. According to economic forecast, South Korea is to become the seventh largest economy in the world within next ten years. Though the fact the relationship with North Korea remain tense and uneasy, the government aims to solve this situation in better way. Since crisis in 1997, the government opened the South Korean market to foreign investors by identifying Foreign direct investment (FDI) and abolished the harmful regulations on foreigner shareholdings in domestic companies. The taxation system and particularly corporate tax in South Korea was simplified encouraged foreign investments. |Current strengths: |Current challenge |Future prospects | |Centralized power of attorney |Military violence......

Words: 1657 - Pages: 7

Korea

...South Korea Essay Korea is known as the “Land of the Morning Calm.” This expression comes from the beginning of the modern history of Korea. Koryo means “high” and “clear.” This word symbolizes the clear blue sky of Korea. The beautiful nature of Korea is expressed through this ancient name. The beginning of Korean history started from 2333 B.C. The Korean peninsular adjoins China and Japan. Korea was conquered by Japan and divided into South and North Korea at the end of World War II. The Korean War caused devastating damage to Korea. However, it should be noticed that despite frequent foreign invasions, the Korean Peninsula has been under a single government while maintaining its political independence, culture and ethnic heritage. Not that long ago, South Korea was one of Asia’s economic success stories – one of the region’s hungry “tigers” looking around for new markets to conquer. Seoul, its capital, modernized in a very rapid amount of time to accommodate the needs of business travelers and has brought the country’s colorful traditions and trademark tranquility. The unique elements of culture The population of the Korean Peninsula, sharing a common language, ethnic identity, and culture, was one of the world’s most homogeneous. Although there were significant regional differences even within the relatively small land area of South Korea, neither the Democratic People’s Republic of Korea (North Korea) nor South Korea had significant non-Korean ethnic......

Words: 2557 - Pages: 11

Case Manufactured Homes

...1. The key aspects of Manufactured Homes(MNH) are the selling of manufactured homes at a big price range with the focus on the lower end of the market and the financial participation. MNH sells the mortgages of the customers to unrelated financial institutions and earn money by the difference in the interest rates. MNH sold mobile homes in the Southeast US, primarily to low-income individuals who could not afford a traditional single-family home. The company sells affordable comfort. The company believed that its focus on the lower end of the market had two advantages. First, since its customers were seeking to fulfill an essential housing need, sales were less affected by changes in general economic conditions. Second, the company’s repossession rates were significantly lower than those of the industry since its customers were likely to work very hard to keep their primary residences even when times were bad. Although the market will be very competitive this year, we think the company’s special attention to the low-end of the market, to which many large competitors pay less attention, will give MH a solid niche position. MNH has a viable business, because it earns their money with two different aspects that are related to each other. The selling of manufactured homes to the lower end of the market and the selling of the mortgages (installment contracts) on a recourse basis. When the customers buy a home it is easy for them to buy a mortgage with it at the same company. ......

Words: 1881 - Pages: 8

Manufactured Homes

...Manufactured Homes 1. Manufactured Home business focuses on the lower end of the market. Its key aspects are marketing, price competitive (target individuals in the low income category) and offering both single and multi-sectional units. We think that the company does have a viable business, because revenues are increasing over the years (1984-1986). This can be caused due to the fact that revenues are being split in two sources: the sale of homes and the interest rate spread. But due to sales failures there is a concern about the increasing liabilities. So if these liabilities will rise till really high numbers and will overstate the assets, the business could get damaged and then it will loose its viability. 2. Most of Manufactured Homes its sales were credit sales whereby the customer paid a down payment of 5 to 10 percent of the sales price and entered into an installment sales contract with the company to pay the remaining amount over periods ranging from 84 to 180 months. A sale is recognized when payment is received or in this case of credit sales, when a down payment (5 to 10%) is received and the company and the customer enter into an installment contract. At the time of sale, the company receives immediate payment for the stated principal amount of the installment contract and a portion of the finance participation resulting from the interest rate differential. This accounting treatment is reasonable/not reasonable, because the way Manufactured Homes...

Words: 1367 - Pages: 6

Manufactured Homes

...Manufactured Homes, Inc. This Winston-Salem company sells affordable Southern comfort: ful ly furnished and carpeted mobile homes for as little as $10,000. Robert Sauls, the 59- year-old founder and chairman, was an orphaned boy who never finished h i g h school. Through acquisitions, Sauls has built the retailer into the industry's largest, with annual sales ballooning to about $180 million in four years. Th e company sells the homes, built primarily by Fleetwood Enterprises and Redman Industries, to rural blue-collar workers in the Southeast. "Our people buy in good times and bad," says Sauls. If he can raise the capital, he foresees a doubling of sales in four to five years. The stock recently sold at 6.5 times estimated 1988 earnings. Jane Edwards, Director of Research at a small Boston-based investment management firm specializing in growth stocks, noted the above review of Manufactured Homes in the February 15, 1988 issue of F o rtun e magazine's Companies To Watch column. She knew that attractive growth stocks are hard to find and wondered whether Manufactured Homes would be a good addition to her firm's growth stock portfolio. She checked the recent performance of Manufactured Homes' common stock and noted that the stock performed favorably relative to the stock market (see Exhibit 1). Jane Edwards asked her assistant Peter Herman to gather additional information on the company and to write a report analyzing the company's recent financial statements...

Words: 465 - Pages: 2

WonderFox.DVD.Video.Converter.v13.3.Incl.Keygen-AMPED | Coronation Street | Beethoven Virus