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 />
Consumer price hikes: The 2005 price hike rate is forecasted to be 2% to 3%, down from<br />
4.9% <strong>and</strong> 4.1% in 2004 <strong>and</strong> 2003, respectively.<br />
12.0<br />
9.0<br />
6.0<br />
3.0<br />
0.0<br />
11.1<br />
7.5<br />
0.8<br />
2.4<br />
[Trends of year-on-year consumer prices]<br />
3.7<br />
2.3<br />
5.1<br />
4.1<br />
98 99 2000 2001 2002 2003 2004 2005.1<br />
<strong>Korea</strong> s current labor economy index<br />
Labor productivity. The labor productivity of the manufacturing industry in the fourth quarter<br />
of 2004 rose by 11.6%, while the annual average rate in 2003 marked 8.1%.<br />
2.7<br />
2.5<br />
4.1<br />
3.6<br />
Consumer price<br />
[Labor productivity improvement trends-Manufacturing sector]<br />
(Year-on-year)<br />
Living price<br />
1000, person (Year-on-year, %)<br />
120.0<br />
100.0<br />
80.0<br />
60.0<br />
91.6<br />
5.6<br />
100<br />
9.1<br />
110.2<br />
4.9<br />
3.6<br />
119.2<br />
99 2000 2001 2002 2003<br />
Source: <strong>Korea</strong> Productivity Center (www.kpe.or.kr)<br />
98.6<br />
11.7 8.1<br />
5.6 -1.4<br />
5.6 5.6<br />
4.7<br />
3.1<br />
Index Climb rate<br />
12<br />
10<br />
8<br />
6<br />
4<br />
2<br />
0<br />
14<br />
10<br />
6<br />
2<br />
-2<br />
42 I 43 <strong>Korea</strong>’s <strong>Auto</strong> <strong>Industry</strong> - <strong>Today</strong> <strong>and</strong> <strong>Tomorrow</strong>
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