Chinese Government Bans importation of Hyundais

[Paul J. McCain]

Source: Reuters

According to a report by Reuters, the Chinese government has suspended the importation of Hyundai and Kia products from South Korea. The importation ban allegedly stems from complaints filed by dealers that the automaker violated anti-trust laws in China by throwing more support behind its own dealers and thus limiting the support offered to independent retailers.

A Hyundai spokesperson confirmed that the automaker has not received import permits since mid-September, but that the Chinese government and Hyundai are working to resolve the matter.

While any ban imposed on Hyundai would temporarily hurt the company in China, only about 50,000 units are imported from South Korea each year, with the majority of Hyundai and Kia's combined 520,000 annual sales in China coming from vehicles produced locally in a joint venture between the automaker and Chinese companies.

[Fintile]

...sounds odd. What sort of support where they looking for that Hyundai suppossedly didnt give? What is Hyundai not allowed to support its own company?

[esptuning]

what they are talking about is that in China, there are corporate dealerships - those authorized by Hyundai. then there are those who aren't specifically hyundai but may carry new hyundai vehicles. hyundai vehicles are thus not promoted as heavily compared to say a completely hyundai dealership.

hyundai corporate then is helping out those dealerships, but not helping the independent dealerships.

[Fintile]

Oh I c...damn. well thats China's rules so they can have at it.

[gspots-01htse-]

completely political move through economic manuveurs

[PowerAXEL]

Fr. Korean news~

Its only temporary after bans Toyota on June 08

With current stock left in China, Hyundai won't have problem till they get their import license back...plus, no influence of their China manufactured Hyundai's.