Korea's Auto Industry - Today and Tomorrow - Invest Korea
Korea's Auto Industry - Today and Tomorrow - Invest Korea
Korea's Auto Industry - Today and Tomorrow - Invest Korea
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<strong>Korea</strong>’s <strong>Auto</strong> <strong>Industry</strong> - <strong>Today</strong> <strong>and</strong> <strong>Tomorrow</strong><br />
Offering <strong>Invest</strong>ors a Future-Oriented Optimal <strong>Invest</strong>ment Environment<br />
The number of foreign auto manufacturers operating in <strong>Korea</strong> has been on the rise. According<br />
to KAICA, the number of foreign-invested auto parts manufacturers including tier 2 or 3<br />
reached 227 as of 2003 year-end, which accounted for 19.3% of the total in <strong>Korea</strong>. Foreigninvested<br />
firms recently supplied 35% of the total dem<strong>and</strong> of Hyundai <strong>and</strong> Kia. Foreign<br />
investors’ market share in <strong>Korea</strong> is expected to rise in line with rapidly increasing investment.<br />
The auto industry’s facility investment in 2003 marked around US$2.5 billion, up 25% from a<br />
year ago. The production, particularly in exports, has been soaring. Foreign investment is thus<br />
forecast to increase further, beginning in 2005 when diesel engine passenger cars will be put on<br />
the market.<br />
Company<br />
Delphi<br />
Robert Bosch<br />
Denso<br />
Visteon<br />
Lear<br />
Magna<br />
Johnson Control<br />
Aisin Seiki<br />
Faurecia<br />
TRW<br />
<strong>Auto</strong>motive<br />
Simense VDO<br />
Valeo<br />
ZF<br />
Dana<br />
Continental<br />
ThyssenKrupp<br />
Yazaki<br />
DuPont<br />
Calsonic Kansei<br />
<strong>Auto</strong>lib<br />
Source: A&D monthly report, 01/2005 edition.<br />
Global Top-20 Operating in <strong>Korea</strong><br />
Performance<br />
Two R&D centers <strong>and</strong> six joint ventures in <strong>Korea</strong>.<br />
Six enterprises with 1,330 employees<br />
Three factories, one joint venture <strong>and</strong> one sales & marketing office<br />
Halla CC, an affiliate of Visteon is nation’s third largest supplier. It has a<br />
number of joint-venture interior material manufacturers.<br />
Producing seat products at three factories owned by two companies.<br />
Has a number of factories.<br />
Has a factory producing auto interior products <strong>and</strong> parts<br />
Has a sales & marketing office.<br />
Took over exhaust system from Jangheung Precision.<br />
Specializing in manufacturing catalyst in collaboration with Daegi Ind.<br />
One joint venture, one technical tie-up partner <strong>and</strong> two production lines in<br />
operation<br />
Two joint ventures manufacturing auto electronic parts<br />
Three factories in operation<br />
Two factories in operation.<br />
Diverse facilities in operation.<br />
Representative office<br />
<strong>Auto</strong>-related tie-up under consideration<br />
One manufacturing facility in operation<br />
Three bases, including Dupont, a limited company, <strong>and</strong> Dupont Photomask, <strong>and</strong> DSI<br />
Four manufacturers including CESKOR that supplies exhaust system.<br />
A joint venture partner of M<strong>and</strong>o<br />
24 I 2 5 <strong>Korea</strong>’s <strong>Auto</strong> <strong>Industry</strong> - <strong>Today</strong> <strong>and</strong> <strong>Tomorrow</strong>
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