Comments on: Mitsubishi coming to Korea http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/ Korea... in Blog Format Sun, 6 Jul 2008 23:55:03 +0000 http://wordpress.org/?v=2.5.1 By: cm http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35171 cm Wed, 10 May 2006 02:58:03 +0000 http://www.rjkoehler.com/?p=2827#comment-35171 Mitsubishi was a minority share holder of Hyundai. Hyundai totally stopped using Mitsubishi parts by 1994 or 1995. That was about the time when the two fortunes of the companies started shifting toward opposite directions. Mitsubishi was a minority share holder of Hyundai. Hyundai totally stopped using Mitsubishi parts by 1994 or 1995. That was about the time when the two fortunes of the companies started shifting toward opposite directions.

]]> By: jyce http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35162 jyce Wed, 10 May 2006 01:22:05 +0000 http://www.rjkoehler.com/?p=2827#comment-35162 I knew the VAT on top of the tarriff amounts to 18%, but you still get huge price discrepancies of up to 100% (like the American robot vacuum cleaner I wanted to buy) from their market of origin that are just baffling. I'm just wondering if there are now new ways to inflate prices other than tarriffs by, for example, demanding some import license that's difficult to get. I don't see prices for imported products getting more reasonable in Korea, and I wonder if an FTA is even going to make a difference if there are other non-tarriff methods for raising prices. I knew the VAT on top of the tarriff amounts to 18%, but you still get huge price discrepancies of up to 100% (like the American robot vacuum cleaner I wanted to buy) from their market of origin that are just baffling. I’m just wondering if there are now new ways to inflate prices other than tarriffs by, for example, demanding some import license that’s difficult to get.

I don’t see prices for imported products getting more reasonable in Korea, and I wonder if an FTA is even going to make a difference if there are other non-tarriff methods for raising prices.

]]> By: random guy http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35155 random guy Wed, 10 May 2006 00:29:59 +0000 http://www.rjkoehler.com/?p=2827#comment-35155 <b>random guy, that was the old Hyundai of the 1980’s. </b> are you sure? both the Hyundais I bought in the 90's had Mitsubishi transmissions which failed in random guy, that was the old Hyundai of the 1980’s.

are you sure? both the Hyundais I bought in the 90’s had Mitsubishi transmissions which failed in

]]> By: Brendon Carr http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35150 Brendon Carr Tue, 09 May 2006 22:08:04 +0000 http://www.rjkoehler.com/?p=2827#comment-35150 The importer also has to pay Value-Added Tax of 10% on top of the 8% import duty. A lot of price comparisons overlook the fact that sales tax in the United States is not advertised as part of the base price. Another major price component here in Korea is the exorbitant cost of land and buildings, which seems to result from a deliberate policy of the government to restrict supply of new construction. The importer also has to pay Value-Added Tax of 10% on top of the 8% import duty. A lot of price comparisons overlook the fact that sales tax in the United States is not advertised as part of the base price.

Another major price component here in Korea is the exorbitant cost of land and buildings, which seems to result from a deliberate policy of the government to restrict supply of new construction.

]]> By: Sugar Shin http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35147 Sugar Shin Tue, 09 May 2006 18:55:57 +0000 http://www.rjkoehler.com/?p=2827#comment-35147 Mitsubishi is coming... Pajero is a Spanish slang expression for "wanker". Hmm, that should tell us somethin'. Mitsubishi is coming… Pajero is a Spanish slang expression for “wanker”.
Hmm, that should tell us somethin’.

]]> By: wjk http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35143 wjk Tue, 09 May 2006 17:33:23 +0000 http://www.rjkoehler.com/?p=2827#comment-35143 yes, that was old Hyundai. In fact, in the US late 80's, you could spot a Mitsubishi car on the road that looked very much exactly like a Hyundai Excel. My understanding was that Koreans can't control themselves buying up imported goodies, so the government artificially decreases the demand with tariffs. US used to do this, too. When? Pre World War II. yes, that was old Hyundai. In fact, in the US late 80’s, you could spot a Mitsubishi car on the road that looked very much exactly like a Hyundai Excel.

My understanding was that Koreans can’t control themselves buying up imported goodies, so the government artificially decreases the demand with tariffs.

US used to do this, too. When? Pre World War II.

]]> By: cm http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35127 cm Tue, 09 May 2006 10:22:39 +0000 http://www.rjkoehler.com/?p=2827#comment-35127 random guy, that was the old Hyundai of the 1980's. random guy, that was the old Hyundai of the 1980’s.

]]> By: jyce http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35123 jyce Tue, 09 May 2006 08:24:31 +0000 http://www.rjkoehler.com/?p=2827#comment-35123 Just asking if somebody knows, but if the tarriff is only 8%, where does the remaining 32% come from? I know there are shipping and localization expenses and many other hassles in Korea, but it makes no sense to me why imported products should cost so much more here than they do in their country of origin. Just asking if somebody knows, but if the tarriff is only 8%, where does the remaining 32% come from? I know there are shipping and localization expenses and many other hassles in Korea, but it makes no sense to me why imported products should cost so much more here than they do in their country of origin.

]]> By: random guy http://www.rjkoehler.com/2006/05/09/mitsubishi-coming-to-korea/#comment-35116 random guy Tue, 09 May 2006 06:16:13 +0000 http://www.rjkoehler.com/?p=2827#comment-35116 sweet, so now Koreans can truly understand why Hyundai cars have crappy transmissions -> Mitsubishi designed. Ohyes. sweet, so now Koreans can truly understand why Hyundai cars have crappy transmissions -> Mitsubishi designed.
Ohyes.

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