hoons90
Posts: 3134
Joined: Wed Aug 01, 2001 10:15 pm

Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 8:58 am

The biggest mistake made by most human beings: Listening to only half, understanding just a quarter and telling double.
 
airworthy
Posts: 752
Joined: Thu Nov 08, 2001 7:05 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 9:02 am

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.
 
bmi330
Posts: 1429
Joined: Sun Nov 11, 2001 9:04 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 9:39 am

He must have driven a hyundai car and realized how crap they are.
 
venuscat2
Posts: 461
Joined: Fri Sep 08, 2000 1:44 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 10:01 am

What is crap about Hyundai?
 
N79969
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 10:56 am

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.
 
bmi330
Posts: 1429
Joined: Sun Nov 11, 2001 9:04 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 11:05 am

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?
 
hoons90
Posts: 3134
Joined: Wed Aug 01, 2001 10:15 pm

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 11:08 am

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.
 
bmi330
Posts: 1429
Joined: Sun Nov 11, 2001 9:04 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 11:11 am

Yeah I am sure you would pik the hyundai LOL next it will be the baewoo and Kia before the Toyota and Ford.
 
VonRichtofen
Posts: 4262
Joined: Sun Nov 05, 2000 3:10 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 12:08 pm

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
 
767ALLTHEWAY
Posts: 636
Joined: Mon Nov 22, 1999 5:37 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 12:23 pm

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"
 
aa61hvy
Posts: 13021
Joined: Fri Nov 05, 1999 9:21 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 12:39 pm

I guess if people were rice-ing out economy cars that I made, I'd commit suicide too.
Go big or go home
 
DodgeCharger
Posts: 210
Joined: Wed Jun 18, 2003 6:38 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 1:31 pm

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.
 
jcs17
Posts: 7376
Joined: Mon Jun 18, 2001 11:13 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 2:46 pm

How'd he kill himself? By driving into a telephone poll in an Accent at 10mph?
America's chickens are coming home to rooooost!
 
MaxPowers
Posts: 453
Joined: Sun Dec 31, 2000 11:25 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 3:04 pm

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?
 
watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 3:44 pm

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.
 
BarfBag
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Joined: Fri Mar 30, 2001 7:13 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 3:56 pm

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.
 
UTA_flyinghigh
Posts: 6304
Joined: Wed Oct 03, 2001 8:46 pm

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 4:42 pm

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
 
N79969
Posts: 6605
Joined: Tue Jan 29, 2002 1:43 am

RE: Hyundai CEO/Chief Commits Suicide

Mon Aug 04, 2003 11:35 pm

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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