South Korea’s octopus-like conglomerates like Hyundai operate in many industries. Hyundai is involved in heavy equipment, shipyards, steel, and autos. Because they make their own steel, they can drive down costs to the point that no one can match the price point.
However, Hyundai and Kia have suffered MASSIVE sales declines in the US and Chinese markets. Down like 20% every year. They are not invincible and the deficit with South Korea is free-falling.
http://nwww.koreaherald.com/view.php?ud=20170704000881
We saved South Korea from communism. We subsidized its economy for decades.
We continue to subsidize its defense.
And they do their best to stop our goods unless of course they are ones unavailable in country.
Certain drugs and military goods.
Sorry that link didn’t work. It worked for me on Microsoft Edge. Here is another one.
http://www.businesskorea.co.kr/english/news/industry/18866-sluggish-sales-us-hyundai-kia-motors-suffer-sales-us-fell-18-june-year-ago