"Realistic Korean pricing"They should be half there present price if you consider their wage bill and they have about as much technology as something produced in the states around the sixties.
They're paying the same wages as anyone else in eastern european countires, their factories perhaps have slightly more automation due to being the most modern. A car doesn't cost anywhere near what folk think to manufacture, the cost is in the design, production line design/manufacture, shipping, marketing and VAT. As far as I'm aware the Korean's use the same ad agencies, news papers to advertise in and British workers in the movement of their cars, as every other manufactuer.
As for the technology, the South Koreans are the leading country in the world today. Several of the largest electronics companies, well ahead in internet infrastructure and mobile technology. They had USB interfaces as standard in cars before any European manufactuer did, aircon as standard on smaller cars, better fuel economy than european manufacturers. Hyundai together with Kia is already the largest asian car company in europe, having just overtaken Toyota. When the new small european designed cars come out the only thing thats stopping them is production capacity.
Edited by carl_a on 24/04/2011 at 05:15
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