Korea's Auto Industry - Today and Tomorrow - Invest Korea

No
1
2
3
4
5
6
7
8
9
10
Auto manufacturing and sales performance of Asia’s “Big 3” in 2004
Country Manufacturing output
(1,000 units)
Northeast Asia (3 nations)
Korea
China
Japan
Korean Auto Industry in the world. The auto industry is regarded as a general and key industry,
having significant ripple effects on other industries, thus stimulating the growth of related
industries with brisk manufacturing on the back of fast-growing exports. Of Korea’s total trade
surplus, amounting to US$30 billion, the auto industry including auto parts results in 2004
accounted for 90%, or US$27.6 billion, paving the way for it to become the nation’s core
industry. Exports of automobile increased 39.6% year-on-year to US$26.7 billion, which
accounted for 12.8% of the nation’s total exports, setting a new record.
Product
Auto
Assembled
Parts
Semiconductor
Mobile phone
Computer
Ship
Petroleum
products
Plastics
Steel plate
Video products
15.545
13.322
2.223
14.259
9.854
11.245
9.909
7.794
4.524
4.087
3.519
3.924
150.439
Big-10 Export products in 2004
2001 2002 2003 2004
% % % %
1.3
0.8
4.7
-45.2
25.0
-23.4
17.7
-13.9
-10.3
-15.6
-4.1
-15.6
-12.7
17.483
14.779
2.705
16.631
13.619
12.941
10.867
6.382
4.955
4.024
4.052
3.644
162.471
19,052
3,469
5,017
10,512
12.5
10.9
21.7
16.6
38.2
15.1
9.7
-18.1
9.5
-1.3
15.2
-7.1
8.0
23.346
19.119
4.227
19.535
18.697
14.977
11.334
6.623
6.260
5.841
5.618
3.350
193.817
33.5
29.4
56.3
17.5
37.3
15.7
4.3
3.8
26.3
45.1
38.7
-8.1
19.3
Domestic Demand
(1,000 units)
Western Europe 14,132 7,911
North America 14,667 (USA 11,956) 18,875 (USA 17,301)
Source: Ministry of Commerce, Industry and Energy(MOCIE)
12,019
1,095
5,017
5,853
32.598
26.668
5.930
26.450
26.390
17.180
15.090
9.802
8.514
8.498
7.753
3.162
254.221
(in US$ mil.,%)
39.6
39.5
40.3
35.4
41.1
14.7
33.1
48.0
36.0
45.5
38.0
-5.6
31.2
12.8
10.5
2.3
10.4
10.4
6.8
5.9
3.9
3.3
3.3
3.0
1.2
100.0