Hyundai Motor Company-Beijing Automotive：现代汽车公司和北京汽车.docVIP

Hyundai Motor Company-Beijing Automotive Joint Venture Case Study Topics in Emerging Markets Prof. Mei April 9, 2003 Michael Cheng- mpc238@ Richard Lee- rl392@ Kevin Park- kgp203@ Table of Contents: Executive Summary: 3 Case Study: Introduction: 4 Case Background: 5 Hyundai Motor Corp Background History: 6 South Korean Macro Study: Economic Background: 7 Social Climate: 9 Political Condition: 10 China Macro Study: Overview: 12 China and the WTO: 13 Korean Foreign Direct Investments in China: 14 Current Chinese Automotive Industry: 15 China’s Automotive Industry Outlook: 16 Asian Financial Crisis: Summary: 17 Recovery: 18 Hyundai Motor Corp Financial Analysis: Introduction: 20 Detailed Financial Analysis: 21 Equity Valuation: 24 Conclusion: 24 Case Solution: Project Valuation: 25 Input Descriptions: 25 Conclusion: 27 Exhibits: Hyundai Motor Corp Financial Statements 29 Bibliography: 32 Executive Summary: In this case study, we will examine the probability of success of Hyundai’s new joint venture with Beijing Automotive in China. On February 5, 2002, Hyundai announced a 50-50 venture to set up a production facility in China. The joint venture plant to be set up in Beijing will initially produce 100,000 units of Sonatas and Elant