Korean Automobile Industry
Korean Automobile Industry
Korean Automobile Industry
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The Status of <strong>Korean</strong> Auto <strong>Industry</strong>Auto industry ranked No.1 in employment, production and added-value amongmanufacturing industry.(Thousand persons, trillion won)Classification Employment Production Added ValueAuto <strong>Industry</strong> ('09) 250 113 35Share ofManufacturing <strong>Industry</strong>10.2% 10.1% 9.4%Export value of automobiles reached U$54.4 billion in 2010 occupying 11.7% of totalnational exports. It is an export-oriented industry accounting for around 65% share ofthe total vehicle production.(Billion U$)Classification <strong>Automobile</strong> Semiconductor Shipbuilding Machinery Mobile PhoneExports('10) 54.4 50.7 49.1 36.1 27.6Share ofTotal Exports11.7% 10.9% 10.5% 7.7% 5.9%<strong>Automobile</strong> is a job-creating industry and contributes to vitalizing local economy,widely spreading in metropolitan areas (Incheon and Gyeonggi province),southeastern (Ulsan, Busan and Changwon), southwestern (Gunsan, Jeonju andKwangju) and Choongchung (Asan and Seosan) regions in Korea.Auto industry facilitates future industrial structure to advance, in developing Hybrid,Electric, Fuel Cell cars and etc. The share of electronic components in automobiles isexpected to enlarge 20% to over 40% by 2015.6<strong>Korean</strong> <strong>Automobile</strong> <strong>Industry</strong> 2011
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