Hyundai is falling behind its Japanese and Western rivals
The engine of South Korea’s car industry sputters
THE OFFICES of the Asan car suppliers’ union resemble a bygone era. Walls are decorated with fading photographs of past protests. Cigarette smoke wafts from the foyer, where workers in overalls lounge on battered sofas enjoying a break between shifts. Most are well into middle age. Do Sung-dae, the union’s boss—shock of grey hair, horn-rimmed glasses, waistcoat heavy with pins supporting various causes—is locked in a struggle with Yoosung Enterprise, a parts-maker that employs its members in Asan, an industrial city south of the capital, Seoul.
This article appeared in the Business section of the print edition under the headline “In need of a tune-up”
Business March 30th 2019
- Disney, AT&T and Comcast v Netflix, Amazon and Apple
- Hyundai is falling behind its Japanese and Western rivals
- The skills leaders need
- Naspers plans to spin off its Tencent stake and other holdings
- Lyft will be the first ride-hailing company to float its shares
- A giant Chinese trainmaker hits the buffers abroad
- Elliott and Vivendi fight over Telecom Italia
- REBA is a new lobby for corporate buyers of clean energy
More from Business
TikTok’s time is up. Can Donald Trump save it?
The imperilled app hopes for help from an old foe
The UFC, Dana White and the rise of bloodsport entertainment
There is more to the mixed-martial-arts impresario than his friendship with Donald Trump
Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?
Donald Trump’s return to the White House may have changed Tesla’s plans
Germany is going nuts for Dubai chocolate
Will the hype last?
The year ahead: a message from the CEO
From the desk of Stew Pidd
One of the biggest energy IPOs in a decade could be around the corner
Venture Global, a large American gas exporter, is going public