Asia Motors Industries Co., Ltd.
![](//upload.wikimedia.org/wikipedia/commons/thumb/2/2e/Asia_Motors_Logo.svg/220px-Asia_Motors_Logo.svg.png) |
Native name
| 아시아自動車工業 株式會社
|
---|
Company type
| Subsidiary
|
---|
Industry
| Automotive
|
---|
Founded
| 1965
|
---|
Defunct
| 1999
|
---|
Fate
| Merged into
Kia
|
---|
Successor
| Kia's Gwangju plant
|
---|
Headquarters
| ,
South Korea
|
---|
Parent
| Kia
|
---|
Website
| asia.co.kr
|
---|
Asia Motors Industries
,
traded as
Asia Motors
(
Korean
:
아시아自動車
,
IPA:
[a??ia
d?adoŋt??a]
), was a South Korean car manufacturer established in 1965 and closed in 1999. From 1976 onwards, it was a subsidiary of
Kia Motors
.
History
[
edit
]
Kia's Gwangju plant, pictured in 2016, the former site of Asia Motors
In 1962, as one of the measures to comply its First Five-Year Economic Development Plan, the Korean government passed a law exempting from taxes imported parts to assemble
KD
cars locally.
[1]
[2]
In 1965, as a result of these incentives, Asia Motor Industries was established in
Gwangju
through the financial support of entrepreneur Lee Mun-hwan.
[3]
[4]
The company was initially manufacturing military vehicles, trucks and buses but soon it began negotiations with
Fiat
and in 1970 it started to assemble
Fiat 124
models.
[5]
[6]
It diversified into the SUV and heavy vehicles market, including large and medium duty trucks, special military vehicles, lightweight cars, civilian
jeeps
(a small
jeep
look-alike called the
Rocsta
and later the Retona), motor vehicle components, to include engines, and buses and mini-buses. In 1969, Asia Motors was acquired by
Dongkuk Steel
.
[3]
In 1973, the South Korean government launched a plan to promote the production of low-cost cars for export. Asia Motors was unable to satisfy the plan's conditions,
[7]
losing its car assembly permits,
[8]
and was purchased by Kia in 1976,
[7]
as the government promised Kia, in exchange of doing so, a monopoly of the military vehicle production for South Korea.
[1]
In 1978, Asia Motors signed an agreement with
Hino Motors
of Japan with the aim of achieving
economies of scale
for its low-volume products.
[3]
Hyundai
in turn purchased Kia and the Asia brand was discontinued in 1999. The Rocsta's replacement, the
Retona
, was sold under the Kia brand.
[
citation needed
]
Failed Brazilian production
[
edit
]
In 1994, Asia Motors do Brasil, an independent importer of Asia vehicles, was established in Brazil. Asia Motors do Brasil achieved some sales success and, in 1996, it signed an agreement with the Brazilian government for building an assembly plant at
Camacari
in exchange of tax exemptions for imported vehicles. The plant was never completed, and the unpaid taxes prevented Kia's parent company Hyundai from building a factory in the country until 2012, when the Brazilian justice determined Hyundai was not bound to pay them, as it was not related to the importer. The first Hyundai owned factory in Brazil was opened in 2012 in Piracicaba, having produced only the HB20 (including the HB20S notchback and the off-road themed HB20X derivatives) and the Creta, while Kia vehicles for sale in Brazil are all imported from South Korea and Uruguay.
[9]
Vehicles
[
edit
]
Passenger vehicles
[
edit
]
Asia Rocsta
in the Philippines
Vans
[
edit
]
Small / medium-sized buses
[
edit
]
Asia Cosmos
AM818.
Large bus
[
edit
]
Asia Granbird
in Russia
Truck
[
edit
]
Other
[
edit
]
References
[
edit
]
- ^
a
b
Green, Andrew E. (May 1992). "South Korea's Automobile Industry: Development and Prospects".
Asian Survey
.
32
(5). University of California Press: 413?414, 417.
doi
:
10.2307/2644974
.
ISSN
1533-838X
.
JSTOR
2644974
.
- ^
Kim, Linsu (1997). "The Automobile Industry Crisis Construction and Technological Learning".
Imitation to Innovation: The Dynamics of Korea's Technological Learning
.
Harvard Business Press
. p. 107.
ISBN
0-87584-574-6
.
- ^
a
b
c
"未完으로 끝난 봉고·프라이드 神話"
[Bongo/Pride, an unfinished myth].
magazin.hankyung.com
(in Korean). Korea Economic Magazine. 23 June 2014
. Retrieved
24 December
2018
.
- ^
Chiarella, Jonathan Joseph (14 June 2016).
"A Look at a Local Giant: KIA Motors"
. Guanju News Online
. Retrieved
24 December
2018
.
- ^
Kang, Tong-su (2008).
Government policies and corporate strategies under structural changes and dynamism: the cases of Korea and China
.
Korea Development Institute
. p. 98.
ISBN
978-8-980-63342-5
.
- ^
Lee, Ho-jeong (21 September 2009).
"The old, reliable Fiat 124 - except made in Korea"
.
Korea JoongAng Daily
.
Korea JoongAng Daily
. Retrieved
24 December
2018
.
- ^
a
b
Lansbury, Russell D.; Suh, Chung-Sok; Kwong, Seung-Ho (2007). "Hyundai Motors as a global auto company".
The Global Korean Motor Industry: The Hyundai Motor Company's Global Strategy
. Routledge Advances in Korean Studies. Taylor & Francis. p. 50.
ISBN
978-0-415-41366-4
.
- ^
Lee, Kwon-Hyung (2013). "An Alternative Perspective on Industrial Policy: The Case of the South Korean Car Industry". In Fine, Ben; Saraswati, Jyoti; Tavasci, Daniela (eds.).
Beyond the Developmental State: Industrial Policy into the Twenty-first Century
. Pluto Press. pp. 61?84.
doi
:
10.2307/j.ctt183p1qv.6
.
ISBN
978-1-84964-900-1
.
- ^
"Oito marcas de carros que decidiram abandonar o Brasil"
[Eight car marques that decided to leave Brazil].
exame.abril.br
(in Portuguese). Abril. 25 January 2014. Archived from
the original
on 25 December 2018
. Retrieved
24 December
2018
.
External links
[
edit
]