 | |
| Company type | Joint venture |
|---|---|
| Industry | Automotive |
| Predecessor | General Motors Korea (1972–76) [n 1] |
| Founded | 1976 |
| Founder | General Motors Government of South Korea[1] |
| Defunct | 1982 |
| Fate | Acquired by Daewoo Group in 1978 |
| Successor | Daewoo Motors |
| Headquarters | Bupyeong, South Korea |
| Products | Entry Level vehicles |
| Parent |
|
| Saehan Motors | |
| Hangul | 새한 자동차 |
|---|---|
| Hanja | 새한 自動車 |
| Revised Romanization | Saehan Jadongcha |
| McCune–Reischauer | Saehan Chadongch‘a |
The Saehan Motor Company was a South Korean automobile manufacturer founded in 1976, which was born on the collaboration of Shinjin Industrial Company and General Motors to introduce their products on the South Korean market. Saehan was born on the former "General Motors Korea", which encountered difficulties when the South Korean market collapsed, following the first round of oil rises in 1973.[2] This joint-venture, 50-50 between GM and Shinjin, consisted on a car assembly plant in Bupyong, a truck assembly plant in Pusan and a foundry at Incheon.[3] In November 1976, Shinjin Motors faced financial problems and sold its 50% stake in Saehan to the Korea Development Bank (KDB). In 1978, the Daewoo Group acquired the equity stake and management rights from KDB. The company was renamed Daewoo Motor Co. in January 1983.[4]
- ^ a b Broken Strategic Alliance: A Case of Daewoo-GM Joint Venture at the SNU Open Repository
- ^ Keller, W.W.; Samuels, R.J. (2003). Crisis and Innovation in Asian Technology. Cambridge University Press. p. 117. ISBN 9780521524094. Retrieved 2015-04-05.
- ^ "The Fall of Daewoo Motors|Business Strategy|Case Study|Case Studies". icmrindia.org. Retrieved 2015-04-05.
- ^ "simi25". carcatalog2.free.fr. Archived from the original on 2013-11-12. Retrieved 2015-04-05.
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