Toyota enters Hyundai’s home turf, wants to sell 500 cars a month

omarrana submitted on 04/01/2008 Official AutoSpies Timestamp: 1:24 PM
from: www.egmcartech.com

Tags: Toyota

Toyota

Toyota enters Hyundai’s home turf, wants to sell 500 cars a month

Toyota is worldwide success from its hometown in Japan, all the way to the U.S. But there is one market right next door where Toyota has been missing for quite some time now; South Korea. As of March 20, Toyota has entered Hyundai’s home turf and plans to launch with the Prius, RAV4, Camry and Camry Hybrid.

Doors opened to Japanese exports in 1999 and Toyota now follows Honda and Nissan into the Korean market. As of right now, Toyota’s goals are... Read Article

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NItePhire - 4/1/2008 5:02:20 PM

+2 Boost

I wonder how many Hyundai's are sold in Japan and if Japan slaps them with big tariff's.

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soopakrn - 4/1/2008 6:37:52 PM

+3 Boost

Knowing how the Korean government works, I'm sure there will be an insanely high tariff added to the cost of the cars. Korea isn't exactly consumer goods friendly when it comes to Japanese goods.

I'm Korean by the way.

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TurboSpyder - 4/1/2008 10:05:48 PMView My AgentSpace

0 Boost

It's not just against Japanese cars it's all foreign cars. IIRC, Korean manufacturers have 96% of the South Korean car market while Japanese manufacturers only have 95% of the Japanese market.

abcd - 4/2/2008 6:25:54 AM

0 Boost

this high tariff on imported products by korean government was accept internatinally to help korean economy rise .

TurboSpyder - 4/1/2008 10:07:38 PMView My AgentSpace

+1 Boost

On a related note, Korean electronics giant Samsung stopped selling consumer products in Japan last year due to poor sales.

http://www.thefreelibrary.com/Samsung+stops+consumer+sales+in+Japan-a01610807736

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huu76 - 4/5/2008 1:47:25 AM

+1 Boost

On a completely unrelated topic, I think its strange that S.Korea only pays around 40% of the costs of having a US presence in their country. Generally, host countries foot atleast 50% of the costs (i.e. Japan).

I'm surprised the Korean market is so closed, I would've figured BMW/MB and anything European would have atleast a 50% marketshare.

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