Korean companies: Escape from China one after another:
-Regulate as you like in China-
-Hyundai’s own sales reduced by 70%-
-Amore has half of the stores closed-
Escape from China one after another:
In recent years, Korean companies have withdrawn from China one after another.
Explosive anti-Korean risk:
Increasing Chinese authorities’ regulations,
Discrimination against foreign companies
There is a judgment that normal management is impossible.
Hyundai Motor Group:
In 2016, it sold 1.79 million units and its share in the Chinese market approached 10%.
However, the THAAD problem has spread a boycott by Chinese consumers.
Last year’s sales fell to about 500,000 units.
Hyundai sold its first factory in Beijing last year and is considering selling its second factory in Beijing. It was
SK Group:
Chairman Chey Tae-won has promoted China’s second domestic market “China Insider” strategy.
However, he reorganized the car rental business, which he has been running for 10 years, last year.
He is in the process of a major restructuring of a Chinese company.
Samsung Electronics:
In 2018, the operation of the smartphone factory in Tianjin was suspended.
In October 2019, the smartphone material factory in Huizhou City, Guangdong Province was also closed.
Tianjin TV Factory,
PC factory in Suzhou City, Jiangsu Province,
The LCD display factory has also closed.
Korean games:
Regulations by Chinese authorities are a fatal risk for Korean companies.
China has completely suspended the issuance of permits for four to five years.
200 kinds of games made in China were released in South Korea, and China made huge profits.
On the other hand, for the past four years, only one Korean-made game has been approved for distribution in China.
Amorepacific:
Of the 280 “Innisfree” stores in China, 140 are planned to be closed this year.
Withdrawal from the Chinese market:
The number of Korean companies suffering from pain in China has increased.
After Chinese employees learned only Korean technology
Established another company only for Chinese employees,
There are conspicuous cases of bringing each business partner.
Wage rise in China:
Wages continued to rise in China, making it less attractive as a production base.
Minimum wage of Chinese workers:
The hourly wage in 2016 increased by 35% from 18.7 yuan (341 yen) to 25.3 yuan this year.
“Made in China 2025”:
China is promoting the Made in China 2025 plan.
In the process, rival Korean companies are being thrown away.
Korea Postek
Professor Jung Woo Sung
China wants to train its own battery makers
It did not subsidize Korean battery-powered EVs.
China is a place where international standards and rational procedures cannot be understood.
The Chinese market, which was supposed to lay golden eggs, is now a double-edged sword.
Chosun Online | Chosun Ilbo
http://www.chosunonline.com/m/svc/article.html?contid=2022011480101
South Korean companies expanding into China withdraw one after another
Samsung Korea is smart:
Samsung is really quick.
It has withdrawn from the Chinese market and moved its production bases to Asia and the United States.
If you cling to China forever, you will get a big backlash.
South Korea should give up early.
“It’s like South Korea is content with being treated as a client state of China.”
China’s “Wolf Warrior Diplomacy”:
China is a selfish country.
If you look at “Wolf Warrior Diplomacy,” that is obvious.
If you see someone weaker than China, take a high stance.
That is the Chinese style.
South Korea’s US-ROK Alliance:
It is impossible for one country to counter this.
Only the power of allies.
Although South Korea has a US-ROK alliance, it has escaped from this alliance.
That is why South Korea is increasingly being licked by China.
Chinese history tells:
Economic ethics has not existed in China since the time of Qin Shi Huang.
“As a result of cracking down on commerce and industry, the rules of commerce and industry were useless.”
If you look at history, you have no choice but to use “countermeasures by the power of the alliance to make China a negotiating partner.”
World view of Toshiyoshi Katsumata
http://hisayoshi-katsumata-worldview.com/archives/28421813.html