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Posts Tagged ‘Korean War’

How a New Korean War Would Affect U.S. Business

Consumers, dealers and importers have much to lose.

by on May.24, 2010

Even if short lasting, a war in Korea would be devastating to the U. S. consumer economy.

Once again, as a result this time of North Korea being fingered for sinking a South Korean Navy vessel, the Cheonan, even the remote possibility of a war on the Korean peninsula of Northeast Asia should be creating a lot more concern than it has in the United States.

The concern, raised pointedly not quite a year ago by North Korea’s relentless saber-rattling with rockets and nukes, should not be just among diplomats, military strategists and the White House—but rather by American consumers and the dealers and importers of products made in South Korea.

Yes, there should be a universal worry because the Korean peninsula conceivably could again become a meat-grinder of casualties for young American soldiers, sailors, airmen and marines the way it did exactly 60 years ago. Now the U. S. has only 28,000 troops in Korea and is heavily committed – critics say over committed – in Iraq and Afghanistan.

Even if short lasting, a shooting war in Korea would be devastating to the U. S. consumer economy, including the “big box” retailers like Wal-Mart and Best Buy. As I punch in the letters forming this article, they are appearing on a flat screen monitor made by Samsung, a South Korean conglomerate. Samsung also made the cell phone in my shirt pocket, and the TV in the family room. My wife’s cell phone, like mine from Verizon Wireless, is manufactured by LG, another Republic of Korea electronics maker, once part of the Hyundai Group.

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How a New Korean War Would Affect America

Hyundai and Kia are among the companies that stand to lose, after our troops protect their protectionist homeland.

by on Jun.15, 2009

The Hyundai Kia Machine Corporation, Changwon Kyongnam

Even if short-lasting, once we get past U.S. causalities, a war in Korea would be devastating to the U. S. consumer economy.

The possibility of an active war on the Korean peninsula of Northeast Asia should be creating a lot more concern than it has in the United States. And, no, that’s not because it might become a meat-grinder of casualties for young American soldiers, sailors, airmen and Marines the way it did nearly 60 years ago.

The U. S. has only 28,000 troops in Korea now and is heavily committed, some say over committed, in Iraq and Afghanistan with virtually no support from our alleged allies. Even if short-lasting, once we get past U.S. causalities, a war in Korea would be devastating to the U. S. consumer economy, including the “big box” retailers like Cosco and Best Buy.

As I punch in the letters forming this article, they are appearing on a flat screen monitor made by Samsung, a South Korean conglomerate in a market that is closed to U.S. exports. Samsung also made the cell phone in my shirt pocket, and the TV in the family room. My wife’s new cell phone, like mine from Verizon Wireless, is manufactured by LG, another Republic of Korea electronics maker, once part of the Hyundai Group.

In the matter of a resumption of the Korean War, the Chinese are perhaps our best friends.

In a resumption of the Korean War, the Chinese, believe it or not, are perhaps our best friends.

In the matter of a resumption of the Korean War, the Chinese are perhaps our best friends. Hyundai is unquestionably the most successful new car company in the American market. In the first five months of this year, the leading Korean car company retailed 287,302 Hyundai and Kia cars and trucks here, of which 212,446 were imported. Don’t even ask how many U.S. made cars were allowed to enter the closed Korean market.  This export barrage made Hyundai the sixth largest vehicle seller in the U. S., only 2,000 fewer than fifth-place Nissan managed. But don’t look for them to weigh in on this issue of national security. (more…)