Showing posts with label Korea. Show all posts
Showing posts with label Korea. Show all posts

Saturday, May 11, 2013

The new nuclear age

The emergence of a multipolar nuclear power system is disturbing. New rules for diplomacy and arms control are needed to control this threat

North Korea’s launch of a long-range missile in mid-December was followed by a flurry of global condemnation that was almost comical in its predictability and impotence. But the launch underscored a larger reality that can no longer be ignored: the world has entered a second nuclear age. The atomic bomb has returned for a second act, a post-Cold War encore. This larger pattern needs to be understood if it is to be managed.

The contours of the second nuclear age are still taking shape. But the next few years will be especially perilous, because newness itself creates dangers as rules and red lines are redefined. This took at least 10 years in the first nuclear age, and this time may be no different.

In the Middle East, South Asia, and East Asia, old rivalries now unfold in a nuclear context. This has already changed military postures across the Middle East. Part of the Israeli nuclear arsenal is being shifted to sea, with atomic warheads on diesel submarines, to prevent their being targeted in a surprise attack. Israel is also launching a new generation of satellites to provide early warning of other countries’ preparations for missile strikes. If Iran’s mobile missiles disperse, Israel wants to know about it immediately.

Thus, the old problem of Arab-Israeli peace is now seen in the new context of an Iranian nuclear threat. The two problems are linked. How would Israel respond to rocket attacks from Gaza, Lebanon, or Egypt if it simultaneously faced the threat of nuclear attack by Iran? What would the United States and Israel do if Iran carried its threat to the point of evacuating its cities, or placing missiles in its own cities to ensure that any attack on them would cause massive collateral damage?

Pakistan has doubled the size of its nuclear arsenal in the last five years. Its armed forces are set to field new tactical nuclear weapons – short-range battlefield weapons. India has deployed a nuclear triad – bombers, missiles, and submarines – and in 2012 tested an intercontinental ballistic missile, giving it the ability to hit Beijing and Shanghai. India almost certainly has a multiple warhead (known as a MIRV), in development, and has also launched satellites to aid its targeting of Pakistan’s forces. In East Asia, North Korea has gone nuclear and is set to add a whole new class of uranium bombs to its arsenal. It has rehearsed quick missile salvos, showing that it could launch attacks on South Korea and Japan before any counter-strike could be landed.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
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Tuesday, April 16, 2013

Truth lies further west

Hyundai is fast ramping up the numbers due to its momentum in third world markets. But metamorphosing itself into a premium brand still remains work in progress

While the journey for Hyundai Motor Company started as a unit to assemble cars for Ford Motor Company back in 1967, it was a matter of just few years before its founder Chung Ju-Yung started harbouring dreams of making a cut in the global automotive circuit. After the initial run, the years that passed attracted huge investments from the company for developing technological capabilities & since then, there has been no looking back. At the end of 2010, Hyundai stood tall at fourth place with sales of 5.74 million units along with its partner Kia Motors, ironically overtaking Ford, which managed to sell 5.31 million units even after a string of profitable quarters. Also, Toyota (which Hyundai used to follow), is still busy streamlining the production after the onslaught of the tsunami and several episodes of vehicle recalls.

With an employee base of about 75,000 people across the globe, the company is present in 193 countries through over 6,000 dealerships and showrooms worldwide. For the first three quarters in 2011, Hyundai filed an 18.2% growth in revenues and 34.1% growth in net income as compared to the same period in 2010. In unit sales, Hyundai has managed to register a growth of 11.7%, selling 3,024,000 units worldwide as compared to 2,707,000 units sold during the same period last year. At a time when the industry is facing a situation of squeezing margins, Hyundai has been able to take its net profit ratio to 10.7% compared to 9.4% in 2010. Undeniably, the chaebol has done a commendable job of making its presence felt among the biggies across the globe, and is looking desperately for ways to make its image more upmarket globally. But is it really managing to do so?

After the launch of its new brand slogan ‘New Thinking. New Possibilities’ at the 2011 North American International Auto Show in Detroit in January, the company has declared a new focus area. “Our goal is not to become the biggest car company. Our goal is to become the most-loved car company and a trusted lifetime partner of our owners,” said Euisun Chung, Vice Chairman, Hyundai Motor Company, at the Detroit Motor Show. The company is planning to expand its production capacity from 3,620,000 units at the end of 2010 to 4,320,000 units by 2012. The company will be producing more units in its plants overseas (2,050,000 units) as compared to its production in Korea (1,820,000 units) at the end of 2011 for the first time in its history and is planning to bring in higher efficiencies in its manufacturing process. From a situation of having no integrated platforms at the end of 2002 out of the total 22 platforms (producing 28 models), the company is expecting to reduce the platform count to 6 and integrate all of them, resulting in the production of 40 models. With a view to bring its products at a faster pace to the market, Hyundai is planning to reduce the model development time to 24 months by 2013 from 40 months in 2002.