Yonhap Infomax NewsJan 16
Hyundai Motor Co. is minimizing price hikes on new models as South Korea’s auto market heats up with intensified price competition from domestic and global players, highlighting “value for money” as the key trend for 2026 amid sluggish demand and rising costs.
#YonhapInfomax #HyundaiMotor #PriceCompetition #GenesisG80 #Tesla #DomesticAutoMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=100227
Hyundai Minimizes Price Hikes—'Value for Money' Emerges as Key Theme in New Year Auto Market

Hyundai Motor Co. is minimizing price hikes on new models as South Korea’s auto market heats up with intensified price competition from domestic and global players, highlighting “value for money” as the key trend for 2026 amid sluggish demand and rising costs.

Yonhap Infomax
Show threadIan StuartSep 7, 2023
@annhattan We still haven’t gone far enough away from #Reaganomics … we should be using #antitrustLaws more often to encourage #priceCompetition and to #fightInflation . #Biden has proposed stronger merger guidelines for when mergers should not be allowed; he should also propose better guidelines for when #monopolies and #oligopolies should be broken up (as many industries are too consolidated) . #inflation #economy #antitrust
Ian StuartAug 27, 2023
@[email protected] I hope #Biden doubles down on using #antitrustLaws to #fightInflation … he has proposed stronger merger rules/guidelines but I’d also like to see him vocal about using #antitrust laws to break up existing #monopolies and #oligopolies to increase #priceCompetition and fight #inflation .
Show threadIan StuartJun 16, 2023
@the_Effekt My opinion is that we should be using #antiTrust laws to #BreakUpMonopoliesAndCartels so that there is #PriceCompetition to #KeepInflationDown . A handful of consolidated companies dominating an industry can easily collude to keep prices unreasonably high. Break them up and they are more likely to actually compete with each other. #antiTrustLaws #inflation #economy #economics
Show threadIan StuartJun 13, 2023

@OGjester

I agree.

In addition, I also think that #MonopoliesAndCartels need to be broken up to increase #PriceCompetition to #fightInflation. Otherwise mega corporations will use rising wages an an excuse to raise prices (even though they could easily swallow the extra cost of fair wages). We have to demand a higher standard of living and understand what could be done to raise it.

That the minimum wage isn’t significantly higher is purely about #greed .

Show threadIan StuartJun 12, 2023
@anttipeltola Which country? #NeoConservatives aren’t any better. People fight for higher wages but then the #megaCorporations crank up #inflation . What we need is to break up #MonopoliesAndCartels so that there is #PriceCompetition in order to #fightInflation
Ian StuartJun 6, 2023
@cbcworld I don’t live in #Canada but we have similar #inflationary concerns here in the US. Economists have pointed out that the primary mechanism that raising interest rates could reduce inflation is that it could impact the labor market to the point of people losing jobs and having to accept less pay. This is not moral and doesn’t help regular people. Do central banks only care about #theUltraWealthy ? We should break up #monopoliesAndCartels so that there is #priceCompetition
Show threadIan StuartApr 28, 2023

@froomkin If we would break up #monopoliesAndCartels there would be more #priceCompetition . Then wages could get much higher without AVERAGE inflation increasing. There was a time that increases in productivity lifted everyone up but these past 5 decades the benefits have only gone to the ultraWealthy.

I don’t think that shareholders should be prioritized over other #stakeholders (such as employees and customers).

Show threadIan StuartApr 25, 2023
@Jondreed I am embarrassed by the feds insistence of utilizing #1980sEraEconomics logic that very clearly puts regular working people at risk of losing work. We should #breakUpMonopolies and cartels to increase #priceCompetition (which would #reduceInflation ). #Biden should dismiss #JeromePowell as #FederalReserve Chair. #Reaganomics #Economics #InterestRates #ClassWarfare #UnitedStates #USGovernment #POTUS #antiTrust #antiTrustLaws #breakUpMonopoliesAndCartels #USinequality #severeInequality