The World is crashing!

Here in merry Korea finally it is hitting harder, sinking in, and getting closer to home. Basically the thousands of companies involved in the automobile industry is taking a HUGE hit. Now I will focus this post on those industries.

First we will look at 2 companies. GM Daewoo, and Sangyoung. It is interesting to note that these companies products are not too popular in Korea. Daewoo has a long history of making cars that most Koreans deemed to heavy, and prone to break down. (many of Daewoo's designs are from American cars, the Daewoo Broghman or broghham something like that. It is an ugly car....heavy uses alot of gas and it does not have remarkable performance or many options.

Sany-young on the other hand is worse in my opinion. They produce many large 4x4 suvs that tend to look down right ugly. Musso, musso sport, and another ...the name is spelled similar to Action but is pronounced AK-Tee-On. So Basically my spelling still sucks! Musso's cars are not known for a high degree of safety. Case in point, when it comes to SUV's we have seen in accidents or with catastrophic tire failures leading to accidents. Two aktions, and 1 musso. We only saw a hyundai galloper in an accident and that was due to the fact that the driver was an ass, and got knocked off the road after impacting with a samsung sm520.

Now, both of these companies are seen as possible failures. Sang-young was bought out by Shanghi motors, while Daewoo was bought out by GM Daewoo.

Now with GM going down the drain....GM-Daewoo....production has halted nearly to a stand still. Hiring has frozen, orders have been dramatically cut back. Now it is not all dire but very very bad. You see GM-Daewoo's major market in international. So if people can not get an auto loan, OR, people have decided not buy new cars. This hits GM-Daewoo's bottom line like a nuclear shell!

Also realize that this has happened rather rapidly. GM-Daewoo never really saw it coming. I remember in India watching the news and seeing the Chevy Spark (GM-Daewoo Matiz 2007-8 model). It was cheap and had some rave reviews.

However, people are now looking more closely at their pocketbook. Now really is not the time to have a car note hanging over your head, when your income might drop, or be temporarily stopped.

Sany-young was pretty much betrayed by the Chinese automaker. Techonology was taken, to be assimilated, and the reproduced. The Chinese Cherry (sub compact car), is 99% similar to the Matiz.....NINETY NINE PERCENT!!!! *Jemal looks out over to the direction of the Yellow sea, uttering bad words in Korean about Chinese business practices*


Uh yeah...so back on topic...the world is crashing. Hanglas is stopping the English program at both the factory side, and the R&D center. NO ONE WAS HAPPY ABOUT IT.
One student today kept mentioning the words Job, and expired in the same sentence. Now Hanglas has actually been going downhill for several years. Ineffienct production, a labor union that is very greedy, and has too much power. In addition to production moving off shore to China. The R&D center was orginally located in Incheon. Now? It is in Gunsan, and now that many of the employees have relocated, selling property, shifting their families. To lose their job now would be just too much. I think we are riding a wave that is destined to get very very bad....then become better (We will be thinking...wow its just like old times), then we will see true change. Mark my words. Well...um..err. Not my words. Words found in the bible.

Ok I will sign off on that note...now on to the spell checker!