The recall of around 10 million vehicles since the end of last year by Toyota Motor Corporation, a name once synonymous with quality, is shocking. With side effects from excess cost reduction and expansion of offshore production being blamed, caution about the risks of globalized production is heightening. The production method has mushroomed since the 1980s, beginning with US and Japanese companies, and delivered many gains, including improved price competitiveness, indirect bypassing of trade barriers, stronger adaptability to local markets and avoidance of currency exc...
Korea should use the Olympics as an opportunity to upgrade itself. It should use the splendid achievements as a driving engine toward greater national prestige and advancements.
Korea should use the Olympics as an opportunity to upgrade itself. It should use the splendid achievements as a driving engine toward greater national prestige and advancements.
