Am-Kor Limited
From Wikislippy
Am-Kor Limited is an American and Korean based manufacturing business.
Contents |
History
Jayatsu Industrial
Jayatsu Industrial was a Korean manufacturer of heavy and industrial equipment. The company was founded in 1958 by C. Yoon.
In 1975, American David Smith purchased a majority share in Jayatsu Industrial. Smith believed that they could make more money if they expanded to North America. Smith demanded that they had a manufacturing plant in North America by the end of the decade. Yoon knew that they could not create it in time and left the company in 1978.
By 1982, Jayatsu had a minor presence in North America. By 1984, Smith was being convicted of tax charges and was found guilty in 1986.
In 1988 Jayatsu was bought by Han Lee. By 1991, Jayatsu was facing possible financial trouble.
Merger
In 1993 when a parnership was formed between EJR Manufacturing and Jayatsu Industrial. A new company was created to represent both companies called Am-Kor Limited.
In 1996, Alex Richards became head of EJR Manufacturing after Kevin Richards retired in 1995.
In 1998, Alex Richards became the official head of Am-Kor Limited. Alex's brother, Adam Richards became CEO of EJR Manufacturing.
Am-Kor Motors
Am-Kor Motors is the automotive division of Am-Kor Limited. The Richards Motor Company and So Motors are run under Am-Kor Motors.
So International
In 1998, Am-Kor bought the remaining So Manufacturing. So Manufacturing is another Korean based manufacturing company. In 1999 the name was changed to So International. The most famous product was the ill fated So Car. In 2001. Am-Kor decided to bring back the So Car and turned it into a minor success.
