Recently, a shocking news came from South Korea: South Korea's largest car company, Gunsan General Motors, announced bankruptcy. The company has struggled for a long time in the Chinese market, which is its main source of income. However, instead of reflecting on its own problems, the South Korean media blamed China and demanded 50 billion in compensation. Many netizens criticized this behavior as self-defeating and unreasonable. What was the real reason for the collapse of Gunshan-GM? How does China respond to these allegations? Let's take a look.
First, Gunsan GM failed to adapt to the fierce competition in the Chinese market. According to China, which is the world's largest automobile market, many car companies at home and abroad are vying for a piece of the pie. However, compared to Japanese cars, the group model does not have any advantages in terms of economy and durability, nor does it have the brand strength and performance of German cars. This led to a gradual decline in sales and a serious decline in performance, leading to bankruptcy.
Second, Gunsan GM faced strong opposition from Chinese consumers after it deployed the THAAD anti-missile system in South Korea in 2017. The THAAD system is a terminal high-altitude area defense system developed by the U.S. Army to intercept short- and medium-range ballistic missiles.2 South Korea agreed to deploy it on its territory under U.S. pressure, claiming it was a defensive measure against North Korea's missile threat. However, China opposes the decision, arguing that it will undermine regional stability and strategic balance. 3. As a result, many Chinese consumers boycott Korean products, including mobile phones, entertainment products, and cars. This has also exacerbated the sales woes of Kunshan GM.
Third, the South Korean media chose to blame China for its failures and demanded 50 billion in compensation. Many netizens found this ridiculous, and said that blaming others without introspection was self-inflicted. This baseless allegation is untrue and without any evidence. They should look objectively at the reasons for the bankruptcy of General Motors in Gunshan, and not shift the blame to other countries.
In summary, the collapse of Gunshan GM was caused by a combination of factors, mainly its own lack of competitiveness and customer satisfaction in the Chinese market, as well as its involvement in the THAAD deployment controversy. The South Korean media's attempt to blame China for its mistakes is not only unfair, but also harms its own interests. The two sides should respect China's legitimate concerns and jointly safeguard regional peace and stability.
Some netizens believe that the South Korean media's approach is vexatious, does not respect the facts, and does not respect China's sovereignty and interests. They believe that the South Korean media should apologize for their mistakes instead of groundlessly accusing China. Some netizens believe that the collapse of Gunshan GM is the result of its own poor management and has nothing to do with China. They argue that the South Korean media's demand for compensation is unjustified and has no legal basis. Some netizens believe that the behavior of the Korean media is out of jealousy and fear of China, because the Chinese auto market has surpassed South Korea to become the world's largest car market. They believe that the South Korean media should face up to China's development, rather than smearing China with lies and slander.
Here are excerpts from some netizen comments:
"The Korean press is so ridiculous, Gunsan GM went bankrupt because their own products were not popular, what does it have to do with China? On what basis do they demand 50 billion in compensation? Is this hilarious? ”
"I think the Korean media's approach is very irresponsible and irrational. Instead of scapegoating China for their mistakes, they should reflect on their problems and improve their products and services. I also believe that South Korea should reconsider its decision to deploy THAAD, which is not only detrimental to regional stability and strategic balance, but also detrimental to its own interests. China should respect China's legitimate concerns and jointly safeguard regional peace and stability. ”
"I think the Korean media's behavior is motivated by jealousy and fear of China, because the Chinese auto market has surpassed South Korea to become the world's largest car market. They believe that the South Korean media should face up to China's development, rather than smearing China with lies and slander. I support the Chinese government's resolute response to the accusations of the South Korean media and safeguard its rights and reputation. ”
I think the behavior of the Korean media is very irresponsible and irrational. Instead of scapegoating China for their mistakes, they should reflect on their problems and improve their products and services.
I also believe that South Korea should reconsider its decision to deploy THAAD, which is not only detrimental to regional stability and strategic balance, but also detrimental to its own interests. China should respect China's legitimate concerns and jointly safeguard regional peace and stability.
What do you think of the collapse of Kunshan GM and the accusations of the Korean media?