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Transformation towards overseas-oriented expansion: the evolution of Hyundai Motor Group’s production structure

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  • WooJin KIM

    (Kyoto University, JAPAN)

Abstract

In this paper, we analyze the Hyundai Motor Group’s newly evolved-production structure to illustrate the evolution of a corporate system. Specifically, we explore why Hyundai Motor Group’s domestic-oriented production structure could be maintained until the more recent history of Korea’s domestic automobile market. Our findings show that since 2012, the Hyundai Motor Group’s production structure—which has been affected by internal and external factors in the automobile market—has transformed from a domestic-oriented production structure to an overseas-oriented production structure. Our findings further demonstrate that both technical factors embedded in the Hyundai Motor Group’s production system and non-technical factors that strive to equate the production conditions in the Group’s foreign and domestic facilities support the smooth operation of the overseas-oriented production structure.

Suggested Citation

  • WooJin KIM, 2015. "Transformation towards overseas-oriented expansion: the evolution of Hyundai Motor Group’s production structure," Journal of Economics and Political Economy, KSP Journals, vol. 2(2), pages 235-261, June.
    • Handle: RePEc:ksp:journ1:v:2:y:2015:i:2:p:235-261
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    References listed on IDEAS

    as
    1. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    2. Gérard Bordenave & Yannick Lung, 2003. "The Twin Internationalization Strategies of US Automakers: GM and Ford," Palgrave Macmillan Books, in: Michel Freyssenet & Koichi Shimizu & Giuseppe Volpato (ed.), Globalization or Regionalization of the American and Asian Car Industry?, chapter 3, pages 53-94, Palgrave Macmillan.
    3. Takahiro Fujimoto, 1997. "A Preliminary Note on Comparative Lean Production ---Revisiting the Case of Automobile Body Buffer Management---," CIRJE F-Series 97-F-16, CIRJE, Faculty of Economics, University of Tokyo.
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    More about this item

    Keywords

    Corporate system; Production structure; Automobile industry; Hyundai Motor Group; Evolutionary transformation.;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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