Table of Contents
The South Korea Supplier Report features a comprehensive overview of the automotive industry in South Korea, including a macro-economic overview, government policy and planned investment by OEMs and suppliers. The report examines in-depth the manufacturing advantages of South Korea, as well as the giving an overview of which OEMs have the greatest presence there.
Furthermore, the features an overview of production in 2012, as well as foreacast numbers and detailed company profiles for 61 South Korean suppliers
The Korean automotive industry has grown into a world class industry, since its government-driven inception in the 1980s. Today, South Korea is a major manufacturer and exporter of automobiles and ranks 5th in the world, behind China, USA, Japan and Germany. In 2012, 4.2 million vehicles were produced, although a 2% decline from 2011, South Korea still maintains its 5th global ranking. Over the last five years, South Korea has also developed into a major exporter of vehicles, exporting roughly two-thirds of its total production annually, although the domestic automotive market is characterised as being saturated, South Korea’s proximity to China and the ASEAN markets means that export opportunities, for both vehicles and components, continue to increase. The global expansion of Hyundai-Kia and the emergence of world-class automotive suppliers make South Korea a global competitor.
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