I am writing in response to a Sept. 13 editorial titled "Korea's 1st electric car." Korea's first electric cars were made by CT&T.
I am aware that Hyundai is reported to be doing its best to strangle the smaller automaker, but last week the company opened its offices in Europe with the Dutch government economic minister in attendance. CT&T is also said to be on the top 10 list of desired investors in the U.K.
What attracts Western governments is that this is a "pure" electric car ― the language experts use to describe a car which is in keeping with the environmental needs of the 21st century.
The car could always go faster, but then it is the consumer who has to pay for this luxury. The real R&D skill is to make an affordable car which means the car itself has to be entirely rethought ― which is difficult for a traditional motor manufacturer.
CT&T showed its full-speed sports car at the Detroit Motor show this year. As far as I know CT&T received little or no money to develop its venture, because everything is hogged by chaebol.
If President Lee Myung-bak’s fair society slogan were to be put into effect, then Korean society, including The Korea Times, has to shift from chaebol worship to recognizing the achievements of Korea's small and medium enterprises (SMEs).
Tony Michell, Ph.D.
Korea Associates Business Consultancy