Pyeonghwa Motor Plant

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평화 자동차 공사
Pyeonghwa Motors Corporation
legal form Corporation
founding 1994 (unofficial)
April 15, 1998 (official)
Seat Seoul , South Korea
management
  • Park Sang-kwon (company president)
  • Lee Jung-chul (Ryonbong Corp.)
Number of employees 3,406 (as of November 2009)
sales 630,035,000 원 (as of 2008)
Branch Automobile production
Website pmcgroup.co.kr

Korean spelling
Korean alphabet : 평화 자동차
Hanja : 平和 自動 車
Revised Romanization : Pyeonghwa
McCune-Reischauer : P'yŏnghwa

Pyeonghwa Motor Plant is a Korean automobile manufacturer with headquarters in South Korea and factories in North Korea . It is a joint venture between Pyeonghwa Motors from Seoul , a company of the "Federation for World Peace" owned by the Unification Church , and the North Korean state-owned Ryonbong Group , which was only officially founded in 1998 as an automobile company.

Pyeonghwa ( 평화 ) means "peace".

description

Although the company initially only existed on paper, it launched a mid-range sedan called the Pyeonghwa 410 in its first year (1994) . The vehicle parts came from German Mercedes-Benz production and were assembled as CKD kits by the Chinese China FAW Group . Only very few units actually came from Pyeonghwa assembly. In April 2002, the plant near the city of Namp'o was built with government support, and since then vehicles have been built under license from Fiat . In addition, utility vehicles are manufactured by the Chinese manufacturer Liaoning SG Automotive . Production is expected to be over 10,000 cars a year. Due to the high price (approx. US $  10,000) for the local area, they are practically unaffordable for the majority of the locals. However, an improvement in the economic situation in North Korea has ensured increasing sales of vehicles since 2008. The March 2010 issue of The Korea Times magazine even called for better mutual understanding and economic unification as equal partners regarding this economic improvement. Among other things, this was alluding to developments which can be carried out much cheaper in South Korea and which also target PMC's products. Currently (as of February 2017), the belts of the North Korean factory should be empty; the vehicles should come from China.

Pyeonghwa Motors has monopolistically controlled car imports and used car trading in North Korea since 2002 . The vehicles are sold by the sales organization Pyeonghwa Motor Corporation .

Up to 10,000 vehicles could be assembled annually; however, production has probably been idle since November 2012.

Model overview

model construction time status construction class Country of production
410 1994 to 2002 only import and conversion Notchback Middle class D ⇒ KP / PRC
Huiparam since 2002 Serial production Notchback Middle class KP
Huiparam II since 2005 import Notchback Middle class PRC
Huiparam III since 2011 import Notchback Middle class PRC
Junma 2006 Concept vehicle Notchback Middle class KP
Junma 2008 to 2009 Serial production Notchback Middle class KP
Paso 990 since 2011 Serial production Light utility truck with flatbed VNM
Ppeokkugi since 2002 Serial production High roof combination Lower middle class KP
Ppeokkugi II since 2004 Serial production Sports utility vehicle upper middle class KP
Ppeokkugi III since 2004 Serial production Sports utility vehicle pick-up Middle class KP
Ppeokkugi 4WD-A since 2009 Serial production Sports utility vehicle Middle class KP
Ppeokkugi 4WD-B since 2009 Serial production Sports utility vehicle Middle class CZ / ROK
Ppeokkugi 4WD-C since 2009 Serial production Sports utility vehicle pick-up Middle class VNM
Premio DX 2004 to 2009 Serial production Sports utility vehicle pick-up Middle class VNM
Premio DX II since 2009 Serial production Sports utility vehicle pick-up Middle class VNM
Premio MAX since 2004 Serial production Sports utility vehicle pick-up Middle class VNM
Pronto DX 2004 to 2009 Serial production Sports utility vehicle Middle class VNM
Pronto GS since 2009 Serial production Sports utility vehicle Middle class VNM
Samchunri since 2005 import Panel Van
Van 		Middle class PRC
Zunma since 2008 Serial production Notchback Middle class KP
Zunma 1606 since 2013 (?) Serial production Notchback Lower middle class KP
Zunma 2008 since 2013 (?) Serial production Notchback Middle class KP

distribution

Probably since 2014 there have been a total of five advertising posters in the urban area of Pyongyang , which is a specialty in North Korea. At the Kwangbok Street currently the only known is dealership of Pyeonghwa.

Sales in North Korea

  • 2002: 137 units
  • 2007: 300 units +
  • 2008: 650 units
  • 2009: 1300 units
  • 2011: 1820 units

Web links

Individual evidence

  1. ^ North Korea's broken car dream. Handelsblatt.de, accessed on February 13, 2017 .
  2. ↑ a b Pyeonghwa Motors. North Korea's broken car dream. In: http://www.wiwo.de . WirtschaftsWoche, February 12, 2017, accessed on February 13, 2017 (original source: Handelsblatt Online).
  3. ↑ Pyeonghwa Motor Dealership - Koryo Tours Blog. January 22, 2014. Retrieved August 4, 2016 (American English).