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... The Korean Auto Industry

Introduction
To begin an investigation into the Korean automobile industry, we first have to start with some basic facts about the Korean Passenger car Industry. The South Korean auto industry is the second largest in Asia and has been one of the key growth industries, along with construction, shipping and electronics.
Passenger cars and multi-purpose vehicles (MVPs) are the main transportation mode in South Korea and is a very competitive industry. Domestic sales of cars and MVPs accounted for over one million units sold last year. In 1944, Kia Motors set up the first assembly plant. Today, there are two ...

... provided the catalyst for increasing the globalization of the world auto industry. After Japan and European Union, Korea is the third largest auto exporter in the world. The country has an aggressive export strategy and strong competitive pricing.
The fast growth in demand for automobiles in Korea as well as in the other part of the world acted as a strong measure for the development of the Korean auto industry. The quick and steady growth in auto demand inside Korea was even decisive. Nowadays, the unbalance between supply and demand in the world auto industry is getting worse. When Korean automakers started to cooperate with ...

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