ID :
209590
Tue, 09/27/2011 - 05:51
Auther :

China urged to learn from S. Korea's industrial rise

By Kim Young-gyo
HONG KONG (Yonhap) - Chinese manufacturers should learn from South Korea's industrial rise in order to become global players, the head of China's largest TV maker said Tuesday.
Li Dongsheng, president of TCL Corporation, said Chinese enterprises should note how South Korea's Samsung Electronics Co., LG Electronics and Hyundai Motor Co. have risen to world-class levels over the past 10 years.
"South Korea was able to build its pillar industries through a sense of social responsibility, technological revolution and national industrial strategies," he said in a statement.
His remarks come as the Huizhou, Guangdong-based company celebrates its 30th anniversary this year.
TCL, which was founded in 1981, has grown to become the world's 25th-largest consumer electronics producer and sixth-largest television producer after Samsung Electronics, LG Electronics, Sony Corp., Panasonic Corp. and Sharp Corp.
"By learning from the experience of South Korea's industrial rise, China's manufacturing industry should use the country's economic strength and market potential as a driving force," Li said.
He added that Chinese firms with a clear vision and strategy, strong management culture and that are solid all-round players will become the backbone of the Chinese economy.

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