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Hyundai CEO/Chief Commits Suicide  
User currently offlineHoons90 From Canada, joined Aug 2001, 3084 posts, RR: 52
Posted (11 years 4 months 3 weeks 6 days 12 hours ago) and read 3805 times:
AIRLINERS.NET CREW
CHAT OPERATOR

http://news.bbc.co.uk/2/hi/asia-pacific/3121609.stm

oh no...


The biggest mistake made by most human beings: Listening to only half, understanding just a quarter and telling double.
17 replies: All unread, jump to last
 
User currently offlineAirworthy From , joined Dec 1969, posts, RR:
Reply 1, posted (11 years 4 months 3 weeks 6 days 12 hours ago) and read 3805 times:

Sadly this happens alot in the CEO world.

In the 1950s Ford hired a group of "Whiz Kids" to help rebuild the company. A full 20% of them committed suicide.


User currently offlineBmi330 From United Kingdom, joined Nov 2001, 1450 posts, RR: 1
Reply 2, posted (11 years 4 months 3 weeks 6 days 11 hours ago) and read 3777 times:

He must have driven a hyundai car and realized how crap they are.

User currently offlineVenuscat2 From United States of America, joined Sep 2000, 478 posts, RR: 3
Reply 3, posted (11 years 4 months 3 weeks 6 days 11 hours ago) and read 3778 times:

What is crap about Hyundai?

User currently offlineN79969 From , joined Dec 1969, posts, RR:
Reply 4, posted (11 years 4 months 3 weeks 6 days 10 hours ago) and read 3755 times:

This scandal has also disgraced the former President of South Korea. (Kim Dae Jung?) While he was in office, he was praised for a face-to-face summit with Kim Jong-Il which was seen as a breakthrough. (Sunshine Policy) It turns out they acceded to blackmail by the North.

Sad to see this man die on top of everything else. Too bad it wasn't Kim Jong-Il that killed himself.


User currently offlineBmi330 From United Kingdom, joined Nov 2001, 1450 posts, RR: 1
Reply 5, posted (11 years 4 months 3 weeks 6 days 10 hours ago) and read 3747 times:

There cars are terible cheep and nasty and ugly i could go on. Put it this way you can have a hyundai or a honda what you gonna chose?

User currently offlineHoons90 From Canada, joined Aug 2001, 3084 posts, RR: 52
Reply 6, posted (11 years 4 months 3 weeks 6 days 10 hours ago) and read 3736 times:
AIRLINERS.NET CREW
CHAT OPERATOR

Hyundai.  Big grin  Smile/happy/getting dizzy



The biggest mistake made by most human beings: Listening to only half, understanding just a quarter and telling double.
User currently offlineBmi330 From United Kingdom, joined Nov 2001, 1450 posts, RR: 1
Reply 7, posted (11 years 4 months 3 weeks 6 days 10 hours ago) and read 3734 times:

Yeah I am sure you would pik the hyundai LOL next it will be the baewoo and Kia before the Toyota and Ford.

User currently offlineVonRichtofen From Canada, joined Nov 2000, 4639 posts, RR: 36
Reply 8, posted (11 years 4 months 3 weeks 6 days 9 hours ago) and read 3705 times:

Hyundai is slowly shaking off their "cheap crap car" image. Their customer satisfaction has increased 80% in the last few years (at least in North America). I must admit some of their new models are attractive. I think they're good value for the price. You can get a brand new accent here in Canada for only $12,000CAD. With full warranty etc. Good deal for say a college student or something.

What I never understood is why their cars used to be crap when Hyundai builds arguabley the best ocean tankers in the world. They also build excellent cranes and other heavy machinery. Obviously they have some skilled engineers at their disposal, so why the crap cars?

Back to topic: Was there a reason for his suicide?

Kris
YYC



Word
User currently offline767ALLTHEWAY From United States of America, joined Nov 1999, 659 posts, RR: 0
Reply 9, posted (11 years 4 months 3 weeks 6 days 9 hours ago) and read 3698 times:

3 words: Chevy for life  Smile Smile Smile


"Courage is not the absence of fear, but rather the judgement that something else is more important than fear"
User currently offlineAA61hvy From United States of America, joined Nov 1999, 13977 posts, RR: 57
Reply 10, posted (11 years 4 months 3 weeks 6 days 8 hours ago) and read 3686 times:

I guess if people were rice-ing out economy cars that I made, I'd commit suicide too.


Go big or go home
User currently offlineDodgeCharger From United States of America, joined Jun 2003, 210 posts, RR: 0
Reply 11, posted (11 years 4 months 3 weeks 6 days 8 hours ago) and read 3664 times:

In the 80s you couldn't do worse than a Hyundai. But in the last 2 years they have quickly turned things around. Take a look out on the road. You may be suprised at the number of Hyundais you see. I think one big reason for their large sales increase and customer satisfaction is they were the first to offer the 10yr 100,000 mile warranty. That got lots of people in the door. Knowing you are covered longer than you are probably going to keep the car is a big incentive for lots of people.

User currently offlineJcs17 From United States of America, joined Jun 2001, 8065 posts, RR: 39
Reply 12, posted (11 years 4 months 3 weeks 6 days 6 hours ago) and read 3648 times:

How'd he kill himself? By driving into a telephone poll in an Accent at 10mph?


America's chickens are coming home to rooooost!
User currently offlineMaxPowers From United States of America, joined Dec 2000, 475 posts, RR: 0
Reply 13, posted (11 years 4 months 3 weeks 6 days 6 hours ago) and read 3643 times:

In all honesty, do you maybe think it was also due to the company having money trouble? They do sell these cars at a very low price and maybe it's been hurting the car company as well as the negative image it got with illegal transactions to North Korea?

User currently offlineWatewate From Canada, joined Nov 2000, 2284 posts, RR: 1
Reply 14, posted (11 years 4 months 3 weeks 6 days 5 hours ago) and read 3634 times:

Let me clear things up...

He was NOT the head of Hyundai Motors. He was in charge of Hyundai Asan, which has been under media scruitny as of late due to the forementioned blackmail scandal. Hyundai Motors should see no effect from this incident.

Just FYI, one of the reasons why this guy's father (deceased a few years ago) ran for presidency a while back was because he was sick of being 'forced' to do government chores and giving bribes. This man probably could have avoided this tragic end had his brother been succesful in his bid for presidency last year. But no, he dropped out of the running, and with new regime comes new headaches for chaebols vulnerable to all sorts of blackmails due to their business practices (that are necessary to operate in the economic/political environment, by the way).

Also, Hyundai Motors is doing really well. Hyundai group is struggling due massive amount of defaults from its customers belonging to its credit card unit, but that should pose no long-term problem for Hyundai Motors.

As for Hyundai cars, one of them was my first choice on my last shopping trip! Tiburon/Tuscani/Coupe is a very fine looking car. That car was ahead of Acura and VW when I went shopping. I ended up with a Honda in the end due to insurance reasons, but I would not hesitate buying a Hyundai car in the future. The 10 year warranty should not be around much longer once the economy picks up. This was made clear by the very person heading the US-unit of the Hyundai Motor goup. It has already achieved its goal - bringing customers in. The products are obviously withstanding the test of time.


User currently offlineBarfBag From India, joined Mar 2001, 2252 posts, RR: 6
Reply 15, posted (11 years 4 months 3 weeks 6 days 5 hours ago) and read 3639 times:

For all of Hyundai's (and that of other Korean conglomerate's) troubles, they deserve the credit for turning Korea from a bombed-out basketcase in the 1950s to the economic powerhouse it is now. Korea's growth is an absolutely fascinating story (at least to me), of multiple governments imposing decades of huge pressures on the 'chaebols' to meet ambitious export goals in return for easy credit. The latter turned out to be a bane, with financial scandals and murky deals coming to the surface in recent years.

But the contribution of conglomerates like Hyundai, Samsung, and the bankrupt Daewoo was huge. Hyundai Shipyards, as mentioned above, builds many of the biggest supertankers in the world; they along with (IIRC) Mitsubishi in Japan took the lion's share of the VLCC/ULCC construction contracts, and wreaked havoc with the shipbuilding industries of countries like UK by the 1970s - just amazing for a country that could have been mistaken for a lunar landscape two decades previously. In the case of cars, they're following pretty much the same path as the Japanese, and in a decade, their vehicles would very likely be respected to the same extent as Honda or Toyota.



India, cricket junior and senior world champions
User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Reply 16, posted (11 years 4 months 3 weeks 6 days 4 hours ago) and read 3635 times:

Hyundai Asan = branch if Hyundai Group responsible for North Korean investment programs.
HMC = Hyundai Motor Company, automotive subsidiary of the Hyundai Group.
The guy that thought he was an aircraft has nothing to do with HMC.



Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
User currently offlineN79969 From , joined Dec 1969, posts, RR:
Reply 17, posted (11 years 4 months 3 weeks 5 days 22 hours ago) and read 3579 times:

He jumped from 12 story building.

I agree with BarfBag that South Korea's rise is incredibly interesting to ponder.

South Koreans cars are doing OK. I don't think Toyota or Honda are in real danger. It is in the area of electronics in which SK is excelling. This is where the Japanese need to worry about being overtaken. This is true for inputs such as semiconductors and consumer products like HDTV.


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